Finding the best van lease deals

Some of the best places to look for the best commercial leasing vehicle deals include:

• Shop online through van leasing company websites
• At a dealership
• At a leasing company

It’s important to shop around when searching for the right van to lease.

Make sure to be realistic about the mileage you’ll need. Otherwise, you’ll end up paying a premium at the end of your lease agreement.

It’s also worth considering the following factors when looking for a van lease deal:

• What kind of equipment you plan on transporting in the van
• The weight of the goods you intend to carry

Choosing a van that is too small may result in it being overloaded. Whereas a van that is too big may result in you wasting money on high payments unnecessarily. The smaller the van, the smaller the cost, so be sure to choose the correct size for your needs.

How does commercial van leasing work?

Leasing is very similar to hiring a van. You pay a monthly fee and the van is yours to use for the length of your lease agreement. Be aware that you may need to pay a small deposit at the start of your contract. There will likely be a credit check too before your lease is approved.

The amount you pay each month will depend on your contract length, van type and how many miles you plan to travel.

Once your agreement reaches its end, you can simply hand the van back. It’s a great way to get hold of a new van without the initial cost of buying one new.

Why choose to lease a van?

There are many brilliant reasons to lease rather than buy your work van. Van leasing can be an excellent option for a variety of different business owners.

Benefits of van leasing can include exclusive discounts, tax deductions, VAT benefits, paying a fixed monthly price, less responsibility and improved cashflow. Explore more in our article to find out whether buying or leasing a van is better for your small business.

Van lease comparison

It’s important to find the best deals when you need to lease a van. Luckily there are many websites that offer van lease comparisons.

This can make picking your new van a breeze as you can view available options side by side and compare the following:

• Size of van
• Type of van
• Brand of van
• The mileage included
• Whether your van lease comes with insurance included
• The monthly cost
• Any initial deposit

Visit local van dealerships

Alternatively, you could visit local van dealerships to find out about lease promotions. Don’t forget to check for special promotions that may lower the lease cost. Visiting a dealer in person may mean there’s more room for negotiating terms and monthly payments.

Factors to consider when finding the best van lease deals

Be realistic with your mileage

The more miles, the higher the price. Be mindful, though, that you don’t underestimate your mileage limit as exceeding it could incur charges.

Consider the total cost over the contract period

Low monthly payments may mask a hefty deposit. Factor in deposits, fees, and multiply the monthly payment by the lease agreement’s total months.

Weigh up the total cost against the van’s predicted depreciation

If the total cost of the lease is higher than you would expect the van to lose in value if you bought and sold it yourself, it might not be the best deal.

Compare your deal with other leases

Compare deals with others of the same duration to find the best van lease options. Alternative financing options are another way to play around with deals.

Consider cheap, used, and short-term van leases

Used and short-term van lease deals may be cheaper than standard deals, but will depend on your company’s needs.

Double check the terms and conditions of the van lease agreement

It’s always worth double checking the terms and conditions of the van lease agreement before signing on the dotted line. Remember, you could be tied into a contract for a while.