Should I Lease Or Buy a Van?
As a business owner, you need operations to run as smoothly and efficiently as possible. If you work in trade, you need to get from A to B on time with no fuss, and this all starts with the type of vehicle you’re using. A van that is cost effective and optimally practical is the perfect choice for any business, leaving you to focus on more important aspects of your job. To achieve this, consider looking towards a van leasing deal today.
Here at MW vehicle contracts (MWVC), we have a range of vehicle leasing deals available for both personal and business hire. With a range of lease contracts suitable for all budgets, you can tailor your new van to fit perfectly with your business’ preferences. Read our article below to discover how leasing a van can benefit your business.
Business Contract Hire and Finance Lease
Here at MWVC, we provide the two most common types of van leasing; business contract hire and finance lease. Both are admirable options when you’re looking to lease a van, and they each have their own benefits. Each customer is different; preferred contracts lengths, initial rentals and the annual mileage they aim to do all vary from business to business. Luckily, there’s a plan out there for you.
A contract hire agreement is a way of leasing a vehicle for a designated amount of time, usually between 24 and 60 months, and a mileage limit. The amount of your initial rental, which you pay before the delivery of your new vehicle, is decided by you, but it is usually based upon the length of your contract and your monthly rentals. At the end of your contract, you can either opt for a new van or you can keep your current one a little longer, putting you in control. Whatever you decide, we’re here to make the process as easy as possible.
Alternative to business contract hire, finance leasing allows you to enjoy the benefits of owning a brand new van without the restrictions and conditions. Contracts usually last between two to five years, and instead of handing the vehicle back at the end, you pay the rest of the amount in full and sell it on to a third party. You pay your initial and monthly rentals just the same, and it is considered one of the cheapest ways to lease a van. You can read more about each leasing option here.
As a business, cost effectiveness is essential to making profit and increasing the growth of your company. That being said, you don’t want to be paying for vans upfront, as they can be incredibly expensive and can leave you severely out of pocket. By leasing a car or van for your business, you only need to pay your initial and monthly rentals throughout a fixed contract. This allows you to balance the books and be fully aware of your business’ cash flow. There are also great deals on ‘wear and tear’ policies when it comes to maintaining your van, so you don’t have to worry about paying too much if something goes wrong.
If you are a VAT registered company, you can claim back up to 100% of your VAT on the rental payment for all commercial vehicles. This applies to both contract hire and finance lease. Furthermore, most vehicles depreciate in value from the moment you buy them, but with leasing, you can return your vehicle at the end of your contract and have a new one delivered to your door.
Drive the Latest Model
This may seem like a vanity attribute, but if you’re trying to become visible and established as a business, having brand new vans to complete your jobs goes a long way for your reputation. Driving around in the latest models can increase your professionalism as a business, and with leasing, you can keep this up for as long as you’d like. Once your contract is up, you can opt for the next latest model, keeping up with customers expectations and that all-important brand identity.
Here at MWVC, we have a range of van leasing deals perfect for your business. Our classic Ford Transit Custom vans come in a range of different variants for you to choose from, and our Citroen Berlingo lease deals are perfect for businesses operating smaller jobs and drop-offs. You can view our special offers here.
Leasing a van for your business is probably the cheapest option, especially in terms of operating efficiently and making profit. You can discuss the terms of your new leasing deal with one of our sales executives today by calling 0116 259 9548.