Flexible van leasing options to fit your budget.

Van leasing is a popular way for businesses and individuals to use a van or pickup for the purposes of delivering goods or undertaking work duties. In essence, if you lease a van you get to use it for a specified period and make payments over that time. Compared to buying outright, there is no concern over depreciation and you don’t have to find a third party to buy the van at the end of its useful life. This can allow businesses to set and control expenses each month and not tie up capital in depreciating assets. 

One advantage of van leasing is that you can upgrade to newer models as they become available. You will also benefit from regular maintenance packages – apart from paying for the lease, there are rarely unexpected bills for repairs. Similarly, there will almost always be restrictions on the mileage you can do, and how much wear-and-tear can take place. This could be somewhat of a downside, but it depends on how many miles you travel.

Finance Lease

Finance Lease is favoured by new start business and Sole Traders especially if they are not VAT registered and a limited deposit. To make the monthly payment more affordable a balloon payment based on the residual value is payable at the end of the term. Its recommend that the deposit which is also referred to as higher initial rental should be at minimum of 10% of the sale price to give the proposal a stronger chance of being agreed by the funder.

Because this is a lease the vat is charged on the monthly payments referred to as rentals rather than the sale price of the van. If you wish to upgrade before end of term, you can request a settlement figure and either part exchange or sell the van. The difference between the sales price and settlement is referred to as equity, this is yours to keep.

Our preferred funder is Mobilize (Nissan and Renault finance) they treats all customers equally with a current fixed rate APR of 8.9% with no administration or document fees. 

Hire Purchase

Hire Purchase is a traditional funding method that has regained popularity since the government introduced preferential write down on vans. If business is profitable and has good cash flow, then it’s worth getting a quote, we recommend asking your account for best advice.
The initial down payment is a minimum of the VAT on the sale price, this can be reclaimed in the  same VAT quarter. Its recommend that you put down an addition deposit of least 10% of the nett sale value, this will put ahead of the depreciation of the van. To further reduce monthly payments, you have the option to introduce a balloon payment at the end of term. The value based on the anticipate annual mileage and depreciation, from which the future trade value is calculated. To take ownership you simply pay the final balloon payment.

Our preferred funder is Mobilize (Nissan and Renault finance) they treats all customers equally with a current fixed rate APR of 8.9% with no administration or document fees. 

Rapid Van Leasing Limited's dedicated team is here to guide you through every step of the leasing experience, making sure it runs as smoothly and seamlessly as possible. By prioritising customer needs over vehicle specifications, our customer-driven services can meet them more precisely than any other.

Step 1 : Select a van
Step 2 : Select Contract Type i.e. business lease or hire-purchase 
Step 3 : Select Contract terms like Deposit, Term, Mileage and Final Payment
Step 4 : Fill in the contact details and leave the rest to our specialist van leasing team to do the rest.

Before making the leap to van leasing, it's essential to assess both sides. Van leasing offers several distinct advantages over purchasing outright: lower upfront costs compared to buying, flexibility in choosing duration of lease contract terms as well as upgrading more often without needing to sell or trade-in owned vehicle if newer model arrives etc.

Conversely, van leasing does have some drawbacks that you should keep in mind when making their decision: one is that equity does not build over time as with ownership; which means at the end of your lease term there won't be anything tangible to show for it if something should break or incur extra costs due to mileage restrictions and wear-and-tear guidelines lessees must adhere to and which can incur extra costs if not managed properly - therefore prospective lessees need to carefully consider these elements when making this choice.

As van leasing can be complex, it is critical that you thoroughly understand its terms and conditions before signing a lease contract. One important component is mileage limits which impact overall costs - exceeding this amount can result in additional charges; to prevent extra costs it's essential that accurate estimation is used when planning mileage usage. Also important are wear and tear guidelines as being knowledgeable of acceptable wear can help maintain the van throughout its lease term.

Insurance requirements should also be carefully considered when entering into a van lease agreement, in addition to mileage and wear-and-tear considerations. Most lease agreements stipulate specific levels of protection in case anything unexpected should occur and by understanding these stipulations fully you'll ensure adequate protection while meeting lessor's demands for security. By understanding all terms and conditions before signing anything you can make informed decisions that best match up with both your needs and financial capabilities.