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Great for businesses that aren’t VAT registered – Lower deposits and great discounts with the option to upgrade every few years.
Big Tax bill? You can offset the entire vehicle cost in the first year – Take it with a balloon to reduce monthlies. Simple to take ownership at the end.
Exactly what it says on the tin. BACs / Transfer / Carrier Pigeon. It’s all good to us.
Are you an individual or business owner in search of an affordable van to meet your business needs? Van leasing could be the answer you're looking for. The popularity of van leasing has skyrocketed among individuals and businesses who are searching for a budget-friendly and versatile way to acquire a reliable van, without the need for a massive upfront investment.
Rapid Vans is here to provide you with expert assistance in finding the perfect vehicle at the best possible price. Get in touch with our team of van leasing experts to explore and discuss the wide range of leasing options available to you. We pride ourselves on providing exceptional customer service, so don't hesitate to reach out and discover how we can meet your leasing needs.
These are our most popular vans across the range.
The Ranger Wildtrak has been the benchmark double cab pickups for over a decade, a symbol of strength and quality coupled with style and off-road capability that’s second to none. You’d be forgiven for thinking how we could improve such a great vehicle. We’ll let you be the judge.
Mark Aston, director of Rapid Vans Leasing Limited set up the UKs first internet van sales business called Vans Direct back in 1998. Less than a decade on the business had changed the way vans were sold in the UK selling over 10,000 vans a year across the nation before selling the business. After spending time in internet finance Mark, now joined by his son Sam, launched their new E-Commerce business.
The vison is to conduct the majority, if not all, the transactions online. By bringing the customer and the supplying dealer together we can reduce cost cutting out the need for a broker or middle man. We have significantly reduced the cost of sale, passing this saving onto you the customer. We take our margin from the volume of finance supplied and a marketing fee charged to the dealer in relation to sales.
We are often asked which is the best way to fund your new van and what is the most tax efficient way.
The truth is there is no perfect solution! Here is what you need to know in simple terms to make your own educated decision.
With a Business Lease or contract to hire you do not own the van it's rented, as such the monthly rentals can be offset against taxable profits in the year, they are paid. Your tax relief is spread over the contract term.
When you fund using Hire Purchase it’s the word purchase that’s the key. You're buying the van; if you are VAT registered, you can reclaim the VAT Immediately. Often customers don’t understand how they can claim back the VAT even though the van is finance and not yet paid for. The reason you can is the VAT on the purchase is paid up front, and the finance agreement is your VAT invoice. If you look hard enough you will always find the finance companies VAT no. on the agreement.
You can claim 100% tax relief against profits in the year of purchase or you can choose to depreciate the asset over the term. Up to a maximum of £200,000 of fixed assets per year. (Cars are excluded).
There is a good reason why you generally see Leasing advertised and not Hire Purchase and cash prices. What you seldom told is the manufacturers will often insist that dealers and brokers alike market their vans only using a monthly lease payment and never a headline discounted cost. It's often the case that the best discounts are only made available to use exclusively for Lease products. They do this because they don’t want to show what the discounted cost of the van is.
If a manufacturer had more vans than customers and needs to sell old stock, they could simply get their dealers to have a big sale. They may well discount a £25,000 van and sell it for £16,995 great deal yes! But imagine what that would do to the resale market value of the product. It is critical that the residual value remains high because that is what gives us the low monthly payments in the first place. When we market a lease, when we quote and on the finance agreement we are not legally required to show you the sale price of the van because or finance charges because it’s a rental agreement, not a purchase. You still get a great deal the residual value is protected, and everyone is happy, so that is why as a customer you are often directed towards a lease.
Most manufacturers prefer brokers to sell their vans on Lease products as the vehicle is sold on a monthly rental. The finance company is not legally required to show the discounted cost and APR. Therefore the cost of the vehicle is not clear. At Rapidvans we make our quotes clear showing the discount your receiving and final payment, so you know exactly what you’re paying.