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Van Leasing UK: Why Is It Such A Good Option?

Setting up and running a business these days is hard work, and that is without even thinking about the ownership of a commercial vehicle. In order to make business owners lives easier, therefore, Van Leasing UK has been offered to the market. But is leasing a van a smart business option for everyone? Lets take a closer look at the pro’s and con’s:

The Pro’s of Leasing a Van

  • Leasing does not require you to have a large amount of cash to spare up front. Instead, you will just need a small amount of cash to put down as a deposit, and then the rest of the cost will be split over an affordable monthly payment.
  • With leasing, you can get a new vehicle every few years if you would like. There are a wide range of lease hire vans available, and so at the end of your leasing term you can either return your existing van and end the agreement, or choose a new van and start a new leasing agreement.
  • Opting to lease a van for your business, rather than purchasing one, means that you will still get the full manufacturer’s warranty with the van, meaning you are guarded against any problems that may occur.
  • As with cars, the value of a van will depreciate with age. If you are leasing a van, you may have the option of taking out a maintenance contract at the same time, which will mean any maintenance issues you may come across will be covered.
  • With leasing, you can spread the associated costs of running a van over a longer period of time rather than having to pay everything in one go – and denting your bottom line.
  • If you lease a van, it is not considered an asset, and so if the worse happens and your business goes under your van cannot be sold to pay off any debts.

The Con’s of Leasing a Van

  • The van is not yours to keep, it is only yours for a set period of time.
  • You may be restricted to mileage allowances when you lease a van, which you won’t be if you own it (unless your insurance specifies it).
  • If you own your van rather than lease it, this gives you the option of selling it if your business is strapped for cash. If you are leasing a van then you are tied into the contract for a set period of time.
  • You can’t decorate a leased van with your logo, business details or anything else. It has to stay exactly as it was when you received it.

So, when it comes to van lease hire, it is all about weighing up the options and seeing what is best for your business. If you want to discuss the options open to you then please get in touch with the experienced team here at Amber Vehicle Solutions.

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Posted on 4th October 2018 at 4:06 AM

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