Van Leasing Frequently Asked Questions
Frequently Asked Questions
The tables below outlines the benefits of leasing and different types of lease available:
Financial benefits in more depth
Avoid massive depreciation costs: In the past, you may have been upset by the amount your van is worth when you decided to sell or trade it in. With Contract Hire leasing you are only paying to use the vehicle, thus avoiding ownership for the total depreciation costs.
Low monthly payments: One of the main benefits of leasing is that monthly payments are much lower than if you were financing the total cost of the vehicle - this allows you to spend or invest your money elsewhere. Or, most commonly, it means you can afford to lease a more desirable vehicle.
No huge initial outlay / deposit to save up: Your deposit (initial payment) is usually around 3 x the monthly payment. This means that you don't have to save up a huge deposit.
Fixed price motoring: You'll pay an agreed amount each month for the vehicle. This payment will remain the same throughout your contract - so you can budget accurately.
Additional leasing benefits for businesses: As a business user the financial benefits for you are that your monthly payments are VAT reclaimable if you are VAT registered and you can offset your monthly payments against your taxable profits per annum.
Convenience & peace of mind
Road tax: 12 months Road tax is included as standard – however if you decide to Contract Hire your vehicle it will be included for the full duration of the contract period and posted directly to you each year.
Selling options: With a Contract Hire lease, you simply use the vehicle for an agreed period of time and at the end of the lease we will collect the vehicle. A Finance lease will give you the option of selling the vehicle on and perhaps making a profit, trading it back in with us for a newer model or purchasing the vehicle outright for keeping it for yourself.
Warranty: A brand new vehicle is covered under the manufacturer's warranty (usually 3 years within the warranty mileage). Allowing the buyer peace of mind should a fault occur with the vehicle as you can take it to any of the manufacturers own franchised dealerships for repair.
Maintenance options: Maintenance is an optional extra available on a Contract Hire lease, by adding a maintenance package to your contract will provide you with a fixed monthly cost for your maintenance. Packages include full cover for routine servicing, tyre replacement and exhaust replacement. Maintenance packages offer convenience and you won't have to worry about costly and unexpected servicing and repair bills.
Look good & drive a brand new vehicle: Looking good in front of your customers and business associates gives the right professional image. Leasing will enable you to drive the latest reliable vehicle that will not only suit your business needs, but give you piece of mind as leasing your vehicles will help with the ever increasing regulations for safety and duty of care.
Common F.A.Qs
Who supplies the vehicles? Most of our vehicles are supplied from within our group stock and sometimes via our partnership with the leading UK vehicle manufacturers.
Can I sign write the vehicle? Yes, we ask that you remove any signage prior to the van being handed back in to us.
What if I need a replacement vehicle? If your contract included an optional relief vehicle then this can be arranged by calling the maintenance number provided. Without a relief vehicle agreement a hire vehicle must be arranged by you.
Is roadside assistance included? All brand new vehicles include either 12 months or 3 years breakdown recovery, depending on the manufacturer.
What happens in the event of a breakdown? For vehicles that include manufacturer breakdown cover there will be an emergency number you can contact within the vehicle book pack.
Is delivery and collection included? We offer free UK mainland delivery. Collection depends on the type of contract: contract hire vehicles will be collected at the end of the term unless you decide to purchase the vehicle at the end of the contract.
What are my options at the end of the contract? This depends on the type of contract taken but usually you can either hand the car back, extend the contract, or purchase the vehicle from the finance company (dependant upon the funder).
How long is the lease period? Our contracts range from 18 to 60 months depending on the vehicle and contract chosen.
Is insurance included in the lease? No, the lease contract does not include insurance, you have to arrange your own fully comprehensive insurance on the vehicle.
If you have another question that is not covered here, please feel free to contact us, where we will be happy to clear anything up for you.
