
For many tradesmen, owning a van is not just useful – it’s essential. Whether that be for work or leisure, a vehicle can offer a lot of flexibility and convenience to the owner. However, there are other options available when looking into purchasing your next vehicle – one of these being the option to lease. When it comes to leasing a van, there are many benefits that you should consider before making your decision.
Payments
With leasing, not only will you usually pay less than if you were to purchase the vehicle, but also these monthly payments can be tailored to suit your business needs and budget due to the flexible nature of this type of contract. On top of this, you will also have the option to return your van at the end of your term and get a new one without having to pay anything extra – so even if your business needs to change over time, you are not committing yourself to any long-term payments.
This is a huge benefit for businesses as it makes brand new vans affordable.
Insurance Costs
As well as paying less per month on a lease, you will also benefit from a lower insurance cost. This is because the value of your van cannot depreciate over time – which means that your premiums can be based on its resale value rather than its age or mileage.
Again, this helps you to save costs whilst making newer vans an available asset to the company.
Flexibility
Whilst renting will give you flexibility, leasing gives you more freedom to change and grow your business. This is because, at the end of your term, you can return the van and get a new one – or even upgrade to a larger model depending on your needs at that time.
If, however, you were renting a van, you would not have this option to change from one vehicle to another depending on what was necessary for the business.
This makes leasing a lot more beneficial for businesses that may experience growth or decline within the course of their lifespan, as they will be able to use this flexibility to obtain and upgrade vans to meet their current needs.
Regardless of whether you need a small van to transport tools or materials around your local area, or if you require a larger van to carry out more specific tasks, leasing can ensure that your business will be able to handle anything that comes up within the course of its operation.
Whilst it is always important to consider whether purchasing or renting would be better suited for your company, van leasing has many benefits that may just make this the option you need to take in order to get the van that you desire.