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.
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 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.
A lease van can only be modified with approved accessories at the beginning of your lease.
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.
Repairs and maintenance are usually covered in the lease which can save the average owner £100's per year in fees.
As the owner you will be responsible for any costly repairs and maintenance work that needs to be carried out on the vehicle.