Business van leasing explained
Whatever your trade, we know that the right van is one of your most important assets. It not only gets you around, but it carries your tools, keeps them safe, and it might even be where you eat your lunch! It’s your mobile office and your local advertising, so all businesses large or small, new or old, need the right van. We also know it’s an expensive outlay, and for many buying a van outright simply isn’t an option, and that’s where leasing comes in.
Whether you’re an established business trying out leasing for the first time, or a new start-up business, you’ll probably want to know a bit more about how leasing works: With leasing, you’ll get a new van which you’ll pay a fixed monthly amount for. The contract will generally last anywhere from 3 to 5 years, or, there are shorter-term agreements available too if that suits your business more. After an initial payment at the start of the contract, it’s then just making sure the agreed amount is paid every month until the end of your contract.
Ok so that all sounds really simple, and it is – but there are a few other things you should know.
Leasing companies want to know that you can pay regularly and on time, so you will be asked to share some information about your financial history. Start-ups and new businesses often find this isn’t quite as straightforward as it is for a well-established business with years of trading history under their belt. Whilst many leasing companies are unable or unwilling to deal with newly incorporated limited companies or self-employed sole traders we take a different approach. Here, we offer a unique experience by assigning a dedicated leasing advisor who will take the time to get to know your circumstances. Yes, you will likely be asked to share some additional information, but we review each case individually to help companies get off the ground with an affordable leasing solution tailored to their budget.
We are asked all the time – what is better, buying or leasing a van? The truth is it all comes down to your own personal circumstances and one size doesn’t fit all. For some, they like to know they own the vehicle outright and that it’s all bought and paid for. For others, they enjoy the regular fixed monthly cost and the knowledge that they are driving a new, modern van without the worry of the costs associated with maintenance and value depreciation.