What is Van Leasing?

Leasing is becoming more and more of a popular choice, especially for businesses who want to make a good first impression to clients with a new, up-to-date van. Just like car leasing, van leasing is the process of paying fixed monthly payments, along with a larger initial payment, for an agreed amount of time (usually between 2 and 5 years), in return for a brand new van personalised to suit your needs. Leasing a van is a good option if you are looking to change your van on a regular basis.

Once the contract is up, you simply hand the van back or, if you want, you can extend the agreement, or lease another van! It is worth noting that you never own the vehicle, but this means you don’t have to worry about reselling, depreciation value, or road tax, and often gives you access to new vans for a lower price. Van leasing also comes with the option to include maintenance, and most vans that are leased are usually under warranty for the entire duration of the contract. 

Want to learn more about the van leasing process? Check out our leasing guides here.

What’s the Difference Between Van Leasing and Purchase?

If you’re considering getting yourself a van for business, or personal reasons, then it can be tricky to decide which direction to head in. Buying or leasing. Both options have their pros and cons, and it is up to you to decide which will benefit you the most.

Buying

If you are looking for a van that is 100% owned by you, for as long as you want, then buying is most likely the one for you. Buying outright also means that you don’t necessarily have to worry about monthly payments, and you can eventually sell the van how and when you wish.

However, buying a van outright can leave a nasty dent in your bank account that reselling does little to mend due to the depreciation.

Leasing

Then there is the option to lease a van. This means you can get behind the wheel of a brand new van without having to pay a giant lump sum of money from the off. Leasing also means that you often get to customise the van to suit your needs.

However, leasing does mean that you do not own the van, and at the end of the contract, you have options to either hand the van back or extend the lease. By not owning the vehicle, you also don’t have to worry about depreciation, and maintenance is included in maintenance packages that are not included with bought vans.

Variables that affect the price of a van include:

• The street value of the van at the time of purchase
• The predicted value of the van at the end of the agreement (this isn’t applicable to Hire Purchase agreements)
• The age of the van (we offer brand new vans or vans that are nearly new or what is known as pre-registered)
• The length of the lease agreement (we offer 24, 36, 48, and 60-month deals)
• The amount you can pay for the initial payment
• Your credit score
• The yearly mileage allowance
• The maintenance & service package