The Tax Advantages of Van Leasing

By Libby Foster
The Tax Advantages of Van Leasing

Is Van Leasing Tax Deductible? 

There are lots of advantages to van leasing, whether it's for business or personal uses. The benefits range from being able to drive around in a brand new van to the low monthly rental payments which help you budget. However, tax advantages of van leasing are often overlooked. 

Yes, van leasing is tax-deductible. Whether you work for a large corporation or are a self-employed business owner, your annual tax bill with HMRC could be significantly reduced by offsetting your company van. This is because when you lease a company van, you don’t own it. With van leasing, 100% of the tax is deductible, meaning you can claim it all back. 

Service Charges

Once you come to the end of your van leasing contract you may choose to return the van. For businesses who travel across the country, you may find that you have exceeded your mileage and find yourself with additional mileage, wear and tear bills. With MWVC our excess mileage charges are at a set rate per mile, averaging around 7 to 15 pence per mile. Of course, this will only occur if and only if you exceed your mileage allowance. To find out more about business van leasing and the conditions which apply see our brochure here.

Other Advantages to Van Leasing

Van leasing has multiple advantages, with leasing enabling you to change your van every few years after your leasing agreement ends. This gives you the option as a business owner to have a new van every few years for a fraction of the price it would cost you to buy. Our fixed monthly rentals allow you to make budgeting your business easier, meaning you can focus your time where it is needed. 

Also thanks to the van being new there will be no worry about MOT for the first three years, which is the advantage of having a brand new van opposed to buying an older model second hand. We also offer optional extras so you can have the best value for your money and make sure your business van is equipped with everything it needs. Van leasing with MWVC, means you get the benefit from bigger discounts on the vans you choose for your business. Discounts can be negotiated between us and the funders, meaning that when you take out a lease with us your overall cost of the vehicle will be lower. 

Once a lease agreement is established, the rental is fixed for the duration of your term. You won't have to worry about your payments increasing as a result of changes in interest rates or the cost of living. Your lease rental will remain the same as when they first signed the contract.

How can MWVC Help? 

Here at MWVC, we have some amazing deals on offer that will suit anyone's needs when it comes to van leasing. Currently on the list of our special offers is the Ford Transit Connect 240 L1 1.5 Ecoblue 120ps Limited Van from as little as £189.99 per month (inc VAT)*. So, whether you are looking for a commercial vehicle or a personal deal, a member of our expert sales team can advise you on the right deal for you. Give us a call on 0116 259 9548, and a member of our team will be happy to assist.

*All pricing is correct at the time of publishing.