[britishwill]

Long storey but I was sure I could buy my van at the end of the lease 5 years with Vanarama/Leaseplan.
As it stands I cannot and for whatever reason buy it now from them

I can however re finance the van for between 6 months to 4 years and keep the van but eventually I will have to give it back.

This is the problem:

I have saved up the 12k to buy the van at the end of its term this August. I don't need to refinance especially as this will cost me extra money with interest rates etc. The van has only done 35k miles and in great condition.

Does anyone know a way around this like selling the van to someone who will then let me buy it back immediately so I can just keep the van.

Hope this makes sense.

Thank you


Will

[Arnold Palmer]

Long storey but I was sure I could buy my van at the end of the lease 5 years with Vanarama/Leaseplan.
As it stands I cannot and for whatever reason buy it now from them

I can however re finance the van for between 6 months to 4 years and keep the van but eventually I will have to give it back.

This is the problem:

I have saved up the 12k to buy the van at the end of its term this August. I don't need to refinance especially as this will cost me extra money with interest rates etc. The van has only done 35k miles and in great condition.

Does anyone know a way around this like selling the van to someone who will then let me buy it back immediately so I can just keep the van.

Hope this makes sense.

Thank you


Will

Why can't you buy it off them? Does your lease agreement prohibit it? What made you think you could?

[dazmond]

Long storey but I was sure I could buy my van at the end of the lease 5 years with Vanarama/Leaseplan.
As it stands I cannot and for whatever reason buy it now from them

I can however re finance the van for between 6 months to 4 years and keep the van but eventually I will have to give it back.

This is the problem:

I have saved up the 12k to buy the van at the end of its term this August. I don't need to refinance especially as this will cost me extra money with interest rates etc. The van has only done 35k miles and in great condition.

Does anyone know a way around this like selling the van to someone who will then let me buy it back immediately so I can just keep the van.

Hope this makes sense.

Thank you


Will

Sell the van to someone you know which gets you out of the contract then buy it back off them once the log books come through....🙂

[Stoots]

Usually if its contract hire you have to give it back, if its a finance lease you have to sell it to an unrelated third party.

[Jonny 87]

Find out where it’s going after. They all go to auction.

You can then go to the auction and buy it there.

Bit of a nightmare really. I wanted to buy my previous pickup from vanarama and that’s what I had to do. I thought about it, but just handed it back in the end and didn’t pursue the purchase. 

[windowswashed]

The only way to buy it directly through lease is on a peppercorn loan for future reference. Vanarama only hire them out on a lease, can't purchase come the end of term I believe.

[tlwcs]

Put the 12k down as a deposit and have standard finance for the balance of a new van?

[jonboywalton75]

Long storey but I was sure I could buy my van at the end of the lease 5 years with Vanarama/Leaseplan.
As it stands I cannot and for whatever reason buy it now from them

I can however re finance the van for between 6 months to 4 years and keep the van but eventually I will have to give it back.

This is the problem:

I have saved up the 12k to buy the van at the end of its term this August. I don't need to refinance especially as this will cost me extra money with interest rates etc. The van has only done 35k miles and in great condition.

Does anyone know a way around this like selling the van to someone who will then let me buy it back immediately so I can just keep the van.

Hope this makes sense.

Thank you


Will

Sell the van to someone you know which gets you out of the contract then buy it back off them once the log books come through....🙂

That's what I did
I was with Vanarama as well 👍

[deeege]

Usually if its contract hire you have to give it back, if its a finance lease you have to sell it to an unrelated third party.

This. If it’s contract hire you’re out of luck.

[Tom-01]

If you’re a Ltd Co. Sell it to yourself for £10 then buy it back off of yourself for £12,000.

You then have £12k! 😁