The Benefits of Leasing a Van for Your Business

When it comes to finding the best value van for you and your business, look no further than Loads of Vans in North Cheam, South London. 

Our aim is to help every business by supplying the vans required to run a successful company. We understand that your van needs to be practical, reliable and affordable, which is why we offer finance lease solutions to help make your purchase more attainable. 

Read on to discover how van business finance leasing could be just the answer you are looking for or see what other van finance deals are available, the pros and cons for each one and choose the best that suits you!

Is Van Lease a Good Idea?

You’ve decided on the right type of commercial vehicle for your business, so now it’s time to pick the most efficient way to fund it. 

Finance leasing is fast becoming the number one method of funding, but is it a good idea? If you’re looking for flexibility in your financial plan, then the answer is YES! Have peace of mind knowing that you’re choosing a preferred way to fund your next business vehicle. 

But what if your lease vehicle gets damaged? Will you have to pay penalties? The answer is, NO! There are no damage clauses on the agreement, so you won’t be penalised for damage caused to your business lease vehicle - that’s one less thing for you to worry about.

Another perk of leasing a van is that it’s tax deductible. So why is that? Because by leasing the vehicle you don’t actually own it yourself, it’s instead classed as an ongoing expense. This means that 100% of the lease is tax deductible, so you can claim it back as long as you meet all the necessary criteria of your contract.

Is it Better to Buy or Lease a Van?

Among the advantages of finance leasing already discussed above, you also ultimately get to make the decisions yourself. YOU decide what deposit you want to put down, and with a minimum of three payments required in advance, you are fully in control. 

You can also choose between a three, four or five-year leasing agreement to match your budget. Extra flexibility in the lease plans means you can also add a final payment to reduce your monthly payments too. 

Just because you won’t actually own the van, doesn’t mean you’ll be restricted on the number of miles you do. Zero mileage restrictions of the business lease means you’ll never have to worry about excess mileage charges - just another great reason to lease a van! 

One thing to be aware of with a business van finance lease is that you do not hand the vehicle back to us at the end of the agreement - instead, you’ll have a number of other options available to you at the end of your contract. We’ve explained more about this process in the section below…  

Finance Lease Explained Further

A finance lease allows you to hire or ‘lease’ a single van or fleet of vans through your VAT-registered business. It provides ultimate flexibility, allowing you to choose an initial deposit amount, monthly repayment price, as well as the ideal repayment period.

It’s important to understand that this financing option means you are simply hiring the van (or vans) off the leasing company (finance provider) who will technically own the vehicle(s). At the end of your agreement, you can either:

• Sell the van(s) to a third party and keep 95% of the sale proceeds. 
• Pay a one-off secondary rental and continue to use your van(s) for a further 12 months.
• Part-exchange the van(s) and use your equity as a deposit on your next van(s). 

Other advantages of this type of contract that might interest you:

Fixed monthly payments

Leasing a van will allow you to plan your budget better. You will pay monthly a fixed amount of money, as stated in your initial contract. Unforeseen expenses can have a significant impact on your business, but a business car leasing type of contract could help you better manage your finances.

Flexible lease options tailored for your needs

With a business van leasing deal, your company can have just the right options, that are best suited for its needs. The flexibility of this agreement allows you to choose the length of the contract, the type of van and its options, some extras like breakdown and maintenance cover, size of the initial deposit and what happens when your van leasing agreement ends.

You have the possibility to extend our leased van contract or upgrade to a newer vehicle. Van leasing companies should offer different possibilities for their agreements as businesses have different circumstances and needs.

Vehicle depreciation

A vehicle depreciation represents the difference between a car value at purchase and the price upon its sale. One of the benefits of van leasing is that not owning the van will protect you from this loss in value. When the lease contract ends you can sell the van to the leasing company or upgrade it to a new one. Since you are only renting the van, you won’t be concerned about its depreciation during the time you’ll use it.

Maintenance cover included

Maintenance and breakdown cover are some of the extras that will give you peace of mind for as long as you will use the vehicle. It can save you money on unexpected repairs and overall, it’s a cheaper option than buying the van, so make sure you include it in your van leasing agreement.

Tax advantages of leasing a van - reclaiming VAT

Yes, leasing vans for your business entitles you to up to 100% VAT tax relief. Of course, you will have to be VAT registered and if you use the vehicle only for business purposes, you will be exempt from paying company car tax.  

To determine which option is best for you, visit our dedicated buying versus leasing blog titled Should You Buy or Lease a New Van to understand the advantages and disadvantages of business finance leasing.

Choose Loads of Vans for your Finance Lease

Here at Loads of Vans, our leasing arrangements have been tailored to be as flexible as possible. This flexibility means it’s easier for you to budget for the van of your choice over a fixed period of time. 

Whether you’re looking for a single vehicle or an entire fleet of vans, choosing a business finance lease deal is a cost-effective way of investing in the very best commercial vehicles available.

To find out more, visit our dedicated Finance Lease page and get in touch with a member of our financing team at Loads of Vans to talk through your options. 

Finance Van Leasing Offers at Loads of Vans

Take advantage of our top leasing deals and drive home happy!

You’ll find a wide range of vans on offer here at Loads of Vans in North Cheam, South London. From small vans to medium vans, large vans to pick-up trucks, we’re on hand to keep your business moving. 

We stock vans from well-renowned brands such as Renault, Nissan, Citroën, Vauxhall, Peugeot, Fiat, Maxus and Toyota, including a range of electric vans in stock ready to drive away today. 

When it comes to business finance leasing deals, you can drive away a brand-new van for as little as £155 per month - we bet that’s music to your ears! In stock and available right now, discover nine too-good-to-miss business leasing offers on a van-tastic selection of vehicles… 

• Citroën Berlingo 1.5 BlueHDi 650Kg Enterprise Pro 75ps for just £169 per month. 
• Citroën Dispatch 1000 1.5 BlueHDi 100 Van Enterprise for just £215 per month. 
• Citroën Relay 2.2 BlueHDi L3H2 Van 140ps Enterprise for just £229 per month. 
• Peugeot Boxer 2.2 BlueHDi H2 Professional Van 140ps for just £219 per month.
• Peugeot Expert 1000 1.5 BlueHDi 100 Professional Van for just £209 per month.
• Peugeot Partner 650 1.5 BlueHDi 75 Professional Van for just £169 per month.  
• Renault Kangoo ML19 ENERGY dCi 95 Business+ Van for just £155 per month. 
• Renault Master SL28 dCi 135 Business Low Roof Van for just £225 per month. 
• Renault Trafic SL28 ENERGY DCi 120 Business Van for just £199 per month.

Don’t miss out on these top leasing deals - once they are gone, they're gone!

Found this article useful? Read more in the next one and find out all you need to know about no deposit van finance and how can you finance your van with 0% deposit upfront. 

Our blog section has different van leasing guides full of tips that might interest you and help you understand all the advantages of leasing a van and make the best decision for your company.