How Does Van Leasing Work?
Van leasing can be a confusing subject if you’ve never done it before. Before you start your leasing journey, read our guide below on the ins and outs of van leasing so you’re in the know before you lease your dream van.
In this blog we’ll answer the question that has you scratching your head “how does van leasing work?” and we’ll cover the important information you should know before you look into leasing.
What is Van Leasing?
Van leasing is when you essentially rent a van for a fixed period of time and pay a monthly fee for every month you drive it. You’ll pay an initial payment to start the leasing process, pay a fixed monthly amount for each month of your contract and hand the van back after the lease term is finished.
It’s incredibly beneficial if you're looking for a brand new van but don't want to pay out the lump sum upfront that you usually would with buying a van.
How Does Van Leasing Work?
How van leasing works is relatively simple and often only involves a couple of steps.
Read our steps below to be in the know when it comes to the van leasing process and how van leasing works.
Have a browse of a vast selection of vans available for lease from manufacturers such as Toyota, Vauxhall and Citroen.
Enquire and Start Your Lease
Once you’ve decided on the van you want to lease, get in touch!
Agree with the leasing company on a contract that best suits your needs. Make sure the contract suits you in terms of mileage, contract length, van model and any additional maintenance.
Once your contract is agreed upon (subject to a credit check) and signed you can start your lease.
Your New Van Delivered to Your Door
Once everything is all good to go, you will then have your brand new van delivered straight to your door, accompanied by a complementary handover service. Delivery is free of charge and nationwide, whether that be your home or your office.
Return the Van After the Lease Term Is Over
At the end of your lease, the van is expected to be dropped off or arranged for pickup. After it’s returned, the van you’ve leased will be examined for any damage that exceeds the standard wear and tear. See BVRLA’s guide on fair wear and tear for advice on this.
Of course, no leasing company expects your van to be in perfect running condition after a lease term, there’s bound to be the odd wear and tear. However, this shouldn’t be confused with damage from road accidents or negligence.
If everything is in working order you will simply hand back the keys and all the documents, and walk away. It really is that simple.
What are the Benefits of Van Leasing?
Before leasing it’s important to assess the benefits of leasing compared to buying to know if leasing is right for you.
Affordable Fixed Monthly Payments
Leasing allows you to pay fixed monthly payments that are within your budget. This is a huge benefit to leasing as you know your payments are fixed and won’t increase over time.
No Depreciation in Value
Like any other vehicle, vans depreciate in value over time. Leasing means you don’t need to worry about depreciation because you can just return your van at the end of its lease and lease a new one. This removes the stress of having to sell a used van that has depreciated in value.
Easily Swap for a Newer Model
Vehicle leasing allows you to easily drive the newest van models. Once your lease term is up, you can simply return your current van and lease a brand new one without having to sell your vehicle.
Having a New Van for Less
Leasing allows you to drive newer van models at a much lower price. As you’re only renting the van rather than buying it, the monthly repayments would be much less than if you’d have bought the van on finance.
Maintenance Can Be Included
Maintenance, servicing and a tyre package can also be included in the monthly fee, just communicate this to the leasing company when you get in touch!
Key Things to Consider
When considering leasing a van, there are a few important factors you’ll need to consider before you make any decisions:
- It will cost you to end your lease early
- The monthly cost you agree on will be based on mileage and contract length
- The lease van must be returned in good condition. General wear and tear is considered.
- The lease van must be insured with comprehensive cover
- You will never own the van outright and it must be returned after your lease term is up - a purchase price can be requested, speak to Pendle Lease if this is an option you would like to consider
What’s Included in a Van Lease?
All van leases from Pendle Lease include:
- RFL (road tax) during the entire lease
- MOT included for the first three years
- Free UK mainland delivery accompanied by a complementary handover service
- The option for a no deposit van lease
- The option to add maintenance to your lease
- A brand new van straight from the manufacturer
Van Leasing with Pendle Lease
If you’re on the hunt for a lease van, take a look at our selection of available van manufacturers that have models available for leasing.
From an extensive group of brands such as Renault, Mercedes, and Nissan, we’re confident we’ll have the wheels for you.
