For any business that requires the use of vans, leasing is a very popular option. If you are thinking of switching to a leasing contract, or are maybe just starting up your own business, you may be wondering if van leasing will definitely be right for you and your company. There is no need to fret, however, as we are here to guide you through the main advantages, and disadvantages that come along with van leasing, so you can weigh up the pros and cons and decide whether or not this is the right option for you and your business.
What Are the Company Benefits to Van Leasing?
There is a tonne of amazing benefits that come along with van leasing and you will tend to find that, for most businesses, van leasing is a very popular option. Although, before you go into any contract, it is important that you know exactly what the pros and cons are. Here, we will be taking you through some of the biggest company benefits that come along with contract hiring vans.
The first big advantage of van leasing is that there is no need for you to worry about vans depreciating in value. Any type of vehicle, whether it be a business van or a personal car, is expensive and we all know that they very quickly lose much of their value in a very short space of time. What great about contract hire, however, is that you don’t need to worry about the cost to your business of any vans depreciating nor do you have to waste valuable business hours trying to sell older vans in order to recoup costs. With a contract hire, you can hand back the van at the end of your lease and, unless you have broken the terms of your van lease with things such as extra mileage, then you should not have a penny more to pay. So, worrying about vans depreciating in value is none of your concern when van leasing and you can instead focus on your day to day business tasks.
Another great benefit to van leasing is that when you have a business contract hire, you can actually make the finance commitments an off the balance sheet expense. What does this mean? Well, this essentially means that the liability of the finance foes not appear on your company’s account.
Have you recently been stung with new car tax changes? Then this is the perfect opportunity to switch to van leasing. Company car taxes are calculated differently to vans and so you can benefit from lower tax which could save you hundreds, if not thousands, of pounds!
Do you just love being able to drive the very best and latest vans? Doing so can make your company seem more professional and drive more business towards it. You can choose from a wide range of different makes, models and different price ranges. For example, you can click here for ford transit sport vans which is one of the most popular ranges of vans that you will find in the UK and it has plenty of space of for passengers too. If you want to spend a little more, you can also upgrade to the Transit Sport WASP where you will get a better wheels and style package.
The Company Benefits to Finance Leasing
While some businesses opt for contract hire van leasing, some instead choose finance leasing which also offers a wide range of benefits.
The main benefit of finance leasing is that at the end of your contract, you can make a one off larger ‘balloon’ payment that will mean you then own the car outright. This balloon payment is fixed and so you will know exactly how much you have to pay. What is also great is that this type of leasing makes it easier for you to budget as business and keep track of your finances as you will know every month exactly how much it is that you have to pay.
The Cons to Van Leasing
While there are definitely more benefits to van leasing for your company than cons, there are still a few cons that you will need to take into consideration before buying. The biggest disadvantage is that if you are taking on contract hire van leasing then you will never actually own the van that you are paying towards. What’s more, getting some bumps and scrapes on a van that you own is not the end of the world, however, with a leased van you will need to return it in good condition or else you could end up paying more to cover this cost.
As you can see, there are plenty of amazing benefits to car leasing for your company and you could save your business a lot of money!
