Electric Van Contract Hire

Contract hire is a great way to finance an electric van.
You pay a deposit upfront of say 3-12 payments in advance and pay more or less just for the vehicle deprecation. Unlike say lease purchase the vat is paid on the monthly instalments.


Is this method tax deductible ?

Yes 100% spread out over the term

Can I end the contract early ?

Yes you pay 50% of whats left in many cases

Is there a credit check on contract hire?

Yes in all cases and often its harder to pass on contract hire. Electric Van Finance Lease is slightly easier to pass