Thinking about leasing a van for personal or business use? Read on for tips to help you ask the right questions to find the best van for you.
Have you been looking into leasing a van for personal or business use? Unsure where to look or how to find information on renting or leasing a van? Uncertain of the available lease range or whether it is something you can afford? Look no further. This guide will give you all the information you need on van leasing, booking rentals, and the types of vans available for lease.
There are many online companies that not only lease vans in your area or nationwide but also specialize in van cash sales, customization, and upgrades. In this guide, we will discuss van leasing and the other services offered. Please read on if you have been unsure and need more direction or information on these topics.
What is Van Leasing?
In short, van rental or leasing, as it is also known, is when a customer pays for a long-term van rental. There is usually an upfront cost, and then monthly payments will cover the van’s cost for the duration of the contract.
These payments can be made over several years—2, 3, or 5 years, depending on your circumstances and the lease term. Working out a monthly budget before applying for a van lease is essential.
Van leasing might be the best option for your business needs. Photo by Johannes Andersson on Unsplash
Benefits of Van Leasing
There are many benefits to van leasing, and of course, like anything, there are also a few cons, but on the whole, it is a good way for you to afford a van without the hidden costs of buying one upfront.
Benefits include:
- Avoid high up-front costs with only the initial fee and affordable monthly payments
- Fixed monthly payments so there are no hidden surprises, and you can budget accordingly
- Flexible yearly terms to suit your budget and short or long-term needs
- Road tax is included in the contract to save you money
- Offers many tax benefits to businesses leasing vans for company use
When the lease ends, the van is returned, the contract ends, and the monthly payments on the lease are no longer required. A decision can then be made to extend the lease or return the van.
If you want to hire a van for seven days, this would be a van rental. Most van leasing companies provide this service as standard. Or how about renting a camper van for the holiday you have planned? You can also rent camper vans for months instead of leasing for years. Many rental contracts include fully comprehensive insurance as standard.
You can rent a van for business or for pleasure. Photo by Bradley Dunn on Unsplash
Which Brands are Most Popular for Leasing?
If you are unsure which brand and type of van you want to lease, we would like to share a few popular options.
The Volkswagen Transporter, Ford Transit Custom, and Mercedes-Benz Vito are available to lease at most locations. You can also take advantage of custom-made vans with the extra class or style you are looking for. Depending on the type of van and your budget, there is sure to be something that catches your eye.
Finance Options
There are many different types of van finance, and below are a few, along with the terms and what is included in each.
- Van Lease Purchase: Generally, this is most suited to VAT-registered companies, as the initial deposit can be reclaimed. This type of lease can also be settled early, as it is an ownership scheme.
- Finance Lease: Normally, to lease, you will be asked for a 10% down payment with very affordable monthly payments over several years, depending on your budget. This is usually the most commonly supported by manufacturers, as it can be the cheapest way of leasing a van.
- 3, 6, or 12 Month Lease: Low commitment, one payment to make, and no monthly installments; they also sometimes offer the opportunity to buy the van at the end of the lease.
- Van Hire Purchase: This type of finance is commonly offered if you have been declined a van lease purchase. There are higher monthly payments, which means it will be paid off quicker; you can settle the loan at any time, and the initial fee can also be claimed back if you are a VAT-registered company.
- Long-Term Rental: If you have bad credit or struggle to get loan approval, this could be the best option for you. Most companies offer only basic vehicles, provide little commitment, and include insurance for some rentals.
All leases or rentals will be subject to a credit check, and an initial deposit will be expected on approval. Please check the full terms and conditions before signing an agreement.
Depending on the van, lease, or budget type, there will be something to suit your needs. We recommend checking the kind of financing that best suits your needs and has the highest chance of approval before applying. If you’re looking for van hire, there are car loans for bad credit and defaults with Azora, a tailored lender that provides borrowers with solutions for their unique situation. Even with bad credit or a poor credit history, with options like this, you can find a van and be on the road in no time.
Experts can help you find the can that best fits your needs. Photo by Markus Winkler on Unsplash
Now is the Time for Leasing a Van
For more information on leasing a van or want to chat with someone about other products and services, visit a highly recommended van leasing company, https://www.swissvans.com, for help with van leasing and finance, or to talk with one of their team if you are unsure where to start.
Swiss Vans offer a wide range of vans discussed in this guide and have extensive knowledge and experience in this field. The staff can help you plan your van lease and discuss the best finance options based on your current needs and budget.
Swiss Vans boasts a wealth of vans available for lease or rental worldwide, and also works with you to make your very own custom-made van with upgrades tailored to your needs. Contact them online or via telephone today, and let them take the hassle out of leasing your next van.
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