Van Hire vs Own Calculator
Compare the cost of hiring versus owning with finance options, VAT reclaim and multi-year projections.
Hiring Costs
£
Ownership Costs
£
£
£
£
£
Business Options
Year 1 Comparison
Annual Hire Cost
£6,600
120 days × £55/day
Annual Ownership Cost
£4,845
Depreciation + running costs
Better Option (Year 1)
Owning
saves £1,755/year
Break-Even Point
89 days/year
If you use your van more than 89 days/year, owning is cheaper
5-Year Cost Projection
| Year | Hiring | Owning | Saving | Winner |
|---|---|---|---|---|
| Year 1 | £6,600 | £4,845 | £1,755 | 🏠 Own |
| Year 2 | £13,200 | £9,285 | £3,915 | 🏠 Own |
| Year 3 | £19,800 | £13,381 | £6,419 | 🏠 Own |
| Year 4 | £26,400 | £17,184 | £9,216 | 🏠 Own |
| Year 5 | £33,000 | £20,738 | £12,262 | 🏠 Own |
Depreciation uses declining balance — ownership gets cheaper each year.