If you’re looking for a way to save money on your business vehicles or only require vans for a short period, leasing a van may be the right option for you. Leased by many different companies across the UK, a van leasing company is like renting a new vehicle for a monthly fee, then returning the keys once you’re done.
Taking care of your finances is a top priority for any business owner, and leasing vans can help you do that. Choosing this option offers more than one benefit, including an easy-to-follow process and plenty of flexibility.
You can search online just by typing, for example, cheap van leasing UK.
Why lease a car?
By leasing a vehicle, you can drive a new vehicle that you might not otherwise be able to afford.
There is no need to worry about depreciation or selling the vehicle afterwards, just hand the vehicle back at the end of the contract.
- In many cases, monthly payments are much lower than purchasing a vehicle outright.
- No changes are made to the agreed-upon monthly rentals. You will be able to plan your budget regardless of whether you are a business or an individual. Nonetheless, if you exceed your mileage allowance, you will be charged an excess mileage fee.
- Most leasing contracts include road tax (VED).
- It is possible to customize a lease to meet your needs. Our dealers will get back to you with a customized leasing quotation based on your contract length, mileage, and Initial payment.
Why should I lease a car?
Predictable monthly costs and low deposit
By leasing a van, you will have fixed monthly costs over your agreed leasing period, as well as a low or no deposit. You can lease vehicles on car leasing deals.
Flexibility to upgrade early, depending on the agreement terms
Investing in a new fleet of vans can make a business’s fleet cleaner and more economical. Depending on what has been agreed upon in the terms of the agreement, there is flexibility regarding updating your vans if you are interested in upgrading your vans.
Due to the value gap between your current van and your desired van, upgrading to a cleaner, cheaper to operate van becomes difficult if you are committed to a van because you own it. If you lease, this is not an issue.”
No need to worry about depreciation
You can simply return your vans if you do not wish to deal with the depreciation and subsequent sale of your vehicles.
Lower maintenance and repair costs
Leased vans require less maintenance and repairs.
No trade-in hassle
Your leasing company can simply take the vans back, so you don’t have to worry about trading them in.
Being able to make affordable fixed payments is one of the best aspects of leasing a van since getting a new van is likely to be one of the biggest investments for your business.
In a lease, all payments are agreed upon upfront. Mileage and equity are not subject to dispute. If the value of your vehicle unexpectedly declines, other financial products, such as PCP, promise equity at the end of your contract.
Unless the rate of VAT or vehicle tax increases, your monthly costs will not change during your contract. It is important to consider the possibility of any such increase when assessing suitability.
Maintenance and Road Tax included
The monthly lease cost includes road tax, and if you add maintenance, the cost increases
You will not have to worry about repair bills if you add the package to your lease. What if the unthinkable happens?
Manufacturers offer breakdown coverage for new vehicles in case something goes wrong.
Tax relief for businesses
With business leasing, you can reclaim up to 100% of the VAT. VAT can also be claimed on maintenance costs and any excess mileage incurred during the lease period. If you think you might qualify for this cost-saving, you should talk to your accountant.
Recovering the money when you attempt to sell your car is one of the biggest downsides of buying a car. Leases, however, let you drive a brand-new vehicle of your choice every few years without having to worry about selling it at a good price.