It depends which agreement you took. On hire purchase you make the final payment, any option-to-purchase fee is settled and the van becomes yours. On a lease you do not own it — you either return it, continue renting, or sell it on the lender’s behalf depending on the terms.
Thinking about it for your own business?
Tell us what you are looking to fund and we will search our panel of 60+ lenders. No credit search at this stage, and indicative decisions in as little as 24 hours.
CW Asset Finance is a credit broker, not a lender. Finance is subject to status and lender approval.