At CoolKit we offer Hire Purchase (HP) Agreement as a method of financing your fridge van. A HP Agreement is probably one of the most common ways of funding a vehicle purchase. It is normally a fixed cost, fixed period loan of money linked or secured to the purchase of a vehicle.
As the customer you would decide how much of an initial deposit to put down (usually all the VAT and 10% of the vehicle price) and then pay off the amount borrowed, known as the balance, plus the interest in monthly instalments over an agreed period of time.
The finance quotes displayed below are based on a 60 Month Hire Purchase agreement with a deposit of all the VAT and 10% of the purchase price (along with £295 RFL/1st Reg Fee on new vehicles.)