Business van leasing explained
Whatever your trade, we know having the right van, pickup truck or tipper for your fleet is one of your most important assets. It not only gets you around, but it carries your tools and keeps them safe. It might even be where you eat your lunch!
It’s your mobile office and your local advertising unit for promoting your products and services. So all businesses, large or small, new or old, need the right vehicle with the right specifications.
We also know it’s an expensive outlay, and for many, buying a van outright with the latest technology simply isn’t an option. That’s where the advantages of business vehicle leasing offers come 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 more about the way leasing works, how to get the best lease deals and how it may be the right choice for you:
With leasing, you’ll get a new van which you’ll pay a fixed monthly amount for. Contracts 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 lease payment is paid in full every month until the end of your contract.
OK, so that all sounds really simple, and it is – but there are a few other requirements you should know before collection.
Leasing companies want to know that you can pay regularly and on time. So some questions about your financial history will be asked. Start-ups and new businesses often find this isn’t quite as straightforward as 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. We work with you by offering a unique experience. We build trust and assign 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 offer personalised advice and help companies get off the ground with an affordable leasing option 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 have outright ownership 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.