Glossary

Terminology Description
AIA Abbreviation of Annual Investment Allowance
Balloon Payment Final payment to be made on a particular type of finance agreement
BVRLA British Vehicle & Rental Leasing Association
Early Settlement Ending your agreement early and paying any outstanding fees
Equity The value in the vehicle after all fees have been made
Excess Mileage Miles in the vehicle over that agreed as part of your contract
Fair Wear and Tear The accepted condition of a vehicle as a result of normal use as defined by the BVRLA
Finance Lease Also known as Van Leasing
Funder The finance company
HP Abbreviation for Hire Purchase
Optional Final Payment Final payment due at the end of a Contract Purchase agreement
Peppercorn Rental Alternative terminology for Secondary Rental Period
Rental The monthly payment as agreed with the finance company
Residual Value The vehicle's estimated future value based on certain criteria, such as age, condition and mileage
Secondary Rental Period A requirement in order to keep the vehicle past the original agreed term on Finance Lease
Term The period of the finance agreement
Title Owner of the vehicle
Van Leasing Also known as Finance Lease

Meet Your Support Team

Meet The Team

Confused About Leasing?

Ask the experts

Autorama UK Ltd Registered in England and Wales with registered number: 05137709 Registered office: Vanarama, Maylands Avenue, Hemel Hempstead, HP2 7DE, United Kingdom. Vanarama, Vanarama Cars, Pickup Trucks Direct and Vanarama Insurance Services are trading styles of Autorama UK Ltd, who are authorised and regulated by the Financial Conduct Authority (Our Financial Conduct Authority Register number is 630748). Autorama UK Ltd is a Credit Broker not a Lender, we can introduce you to a selected group of Lenders. Calls are recorded for compliance and training purposes.

Our price guarantee

We regularly check our prices - you won't
find the same new van cheaper elsewhere.

  • 1If you find a better deal even after ordering from us, we'll match it.
  • 2No hidden charges - we'll tell you about everything up front. No surprises.
  • 3If you need to cancel or postpone your order before delivery (even if you've signed the order) we'll return your deposit in full.
  • 4After ordering, if the price of your vehicle reduces or interest rates go down, we'll reduce your payments.

Read more about our 8 point price guarantee.

Free, fast delivery

Market
leading
delivery
times

We keep £30 MILLION worth of vans on order to give us the fastest vehicle delivery times in the market.

All vehicles are brand new and will be delivered to your door absolutely free.
*UK mainland only

Vanarama reviews

4.7/5 Out of 1,500+ reviews

See for yourself

Today's opening hours are 8am-10pm
Get a quote and order online now

Get your free quote from our experts

Advice on finance options that suit your needs
Brand new vehicles with free, fast delivery
We'll beat any price - guaranteed!
Please select a vehicle

Close this windown