If you want to drive a brand-new van and looking for one to run your business forward, but you don’t want to pay out a heavy amount, leasing might be a good option for you. Here you will know what car leasing is, how does it work, and what are its benefits.
What is Van leasing?
Van leasing is a long-term agreement in which the van leasing company offers you the exclusive use of a van or pick-up truck for a set period. At the time of the contract, the customer will have to pay an initial amount that is followed by monthly payments for a set period. This period can be 2, 3, or 4 years. At the end of this specified time, the contract is ended, and the van is handed back to the company. After that, it’s up to the customer to purchase or lease another vehicle. Several benefits come with van leasing deals.
What are the benefits of Van leasing?
Several benefits come with van leasing. These are:
- An affordable and fixed monthly payment that makes budget planning easier
- Low initial payment
- The flexible time duration that meets your needs
- Maintenance and servicing payment included in the monthly fee
- No tension in dealing with the depreciated value of the vehicle.
- You can enjoy a new model every 3 to 4 years.
- Availability of manufacturer warranty
- Road taxes included in the agreement duration
How to lease a Van?
There are few steps you can follow to lease a van.
- First, Choose the Van that you want according to your business needs from the variety of available models.
- Choose your lease package, how long you would like to lease. The period is typically 2 to 5 years.
- Provide all the financial details to the company that will ensure that you can afford the monthly payments.
- Wait for the Van delivery once the paperwork is sorted. It will be delivered to your door.
- Drive the van till the contract expires, and you will drive your business forward till the length of the lease.
- Return the van after the expiry of the lease contract to the van leasing company.
What to consider before leasing a van?
The main things you should take into considerations are that the cost of terminating the contract can cost you more. In case exceeding the agreed mileage allowance, you will be charged extra. Keep in mind that you can never buy that van because there is no option to buy them. Another important thing to keep in mind is that you will have to return the vehicle in good condition, and extra charges might be applied in case of any damage.
Over the past few years, van leasing has gained increased popularity as it offers an alternative, mostly cheaper solution to buying a new van. By leasing a car, you will not have to face the hassle of dealing with bank loans. It also helps the customers by taking the responsibilities of van such as maintenance etc.