Leasing Vs Buying A Van

Unless you have £20,000 sitting around you are going to have to finance your van purchase, whether that be through leasing or through a loan.

Before rushing into a decision, it's important that you look at the pros and cons of leasing or financing a vehicle so you can choose the option that best suits you.


You don't own the vehicle but depending on your lease, you can get a new van every two to four years.

Also, because you are not buying the van, monthly payments are generally 30%-60% lower when you lease


You own the vehicle after your financial obligations are met, it will be yours to keep, sell or trade.

Leasing Mileage

The typical limit on a lease vehicle is between 5,000-30,000 miles per year. Most people drive at least 10,000 miles per year so be sure to choose a leasing term that is appropriate for your average TOTAL  annual mileage.

Mileage When Buying

Mileage limits are not a problem as you own the van. However, keep in mind that the more miles you put on your van, the lower the resale value will be.

Modifying A Lease Vehicle

A lease van can only be modified with approved accessories at the beginning of your lease.

Modifying A Vehicle You've Bought

If you're into modifications, you'll be able to do whatever you want to your new van. Bear in mind, modifications can alter the van's resale value.

Lease Maintenance

Repairs and maintenance are usually covered in the lease which can save the average owner £100's per year in fees.

Maintaining A Bought Vehicle

As the owner you will be responsible for any costly repairs and maintenance work that needs to be carried out on the vehicle.