The Longer the contract term the lower the monthly payment. The van will depreciate more in the early years so its cost effective to keep the van 3-5 years subject to the milage you do! If you’re not sure how long you want to keep the van you can add a year, you don’t have to keep the van the full term simply trade in or settle early as required.
Final Balloon Payment
You have the option not to have a balloon payment (this is known as Full Pay Out Lease) at the end of the agreement you retain 97.5% of the vehicles value.
Selecting the correct mileage is important as this dictates the end of term balloon payment. If you underestimate the mileage, you could find you owe more than the van is worth.
The initial deposit is 3-12 monthly payment or pay a set amount by selecting CASH DEPOSIT. The maximum deposit is 50% of the sale price.