Van Finance: Get What You Want to Drive at Cheap Finance

By: Bonnie Castle

Be it for personal purpose or any commercial purpose, a van is of great help. But if you are thinking of buying one, you must know that they are a bit expensive. However, you can find an excellent support in the form of Van Finance, which is being offered b y most of the lenders.

With the help of these finances you can buy van of any make or model, but it should be available with the dealers. In fact, you can also go for a used van but it should not be more than 5- 6 years old. You can obtain 90-100% of the total finance to purchase the van. The finance obtained can be repaid easily over a period of 5- 7 years.

The finances are made available to all the borrowers. To allow a greater degree of flexibility, these finances are further classified in to secured and unsecured form. The secured option is available only against collateral. The collateral acts as a security for the borrowed amount. it is because of the presence of the collateral, that the interest rates are comparatively low.

On the other hand, unsecured option of the finance is available without attaching any collateral. This option of the finance is beneficial for those who do not have any asset such as tenants and non homeowners. Asset owners too can apply for the loans. However due to its unsecured nature, the interest rates are relatively high.

Those individuals with a history of credit problems such as CCJs, IVA, arrears, defaults etc can also apply for the loans. But to do so, the applicants must convince the lender that they are capable of repaying the borrowed amount.

To get the best Available deals on van finance, you can use the online application. The application process is simple and does not cost any. The online process results in faster approval of the amount. Before opting for the finance, borrower must collect and compare to get the best of the deals.

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