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Types of Van Lease

It will probably come as no surprise to find out that there are different types of van lease. In fact believing that all leases are the same would be a mistake that could cost you financially and prevent you from getting the vehicle that best suits your requirements. If you want to make an informed choice in regards to this type of contract you will need to learn all you can about the different types of van lease.

What Are the Different Types of Van Lease?

Just as there are many different types of van there are also many different types of van lease. The first difference worth looking at is in regards to length of lease. It is usual for individuals to lease a vehicle anywhere from one year to four years. Those who want to always have new models in their fleet will usually choose a shorter term lease. Businesses that want the best value for money will choose to lease for about four years. Most leases tend to be of about two to three years in duration. The thing to realise with these different types of lease is that the shorter the lease the more you will tend to pay in monthly instalments.

Another way in which van leases differ is in regards to the contents of the agreement; in fact these contracts can vary a great deal and it pays to compare. Each of the different types of van lease will have provisions in regards to the initial payment you will need to make and the monthly payments you will need to make thereafter. There will also be lots of other provisions which can really trip people up if they are not careful. An example of this is the maximum millage allowance; this sets out the number of miles you are allowed to travel over the length of the lease without needing to pay extra money. If you go over this maximum allowance then you will have to pay different rates depending on the contract you have signed.

The different types of lease will also have clauses as to the expectations for both parties. Here there will be the clauses in regards to what happens if you want to leave the leasing contract early or if you cause minor damage to the car. These clauses are very important and you really should fully understand them before signing any contract.

How to Choose Between the Different Types of Van Lease

If you have a good idea about your own requirements then the best advice is to shop around and see which of the different types of van lease best fits with your requirements and offers the most reasonable payments. Remember when considering the overall cost of any of these different types of van lease to factor in the millage allowance and other possible expenses. The fact that there are so many different kinds of van lease can make choosing more difficult but it also makes it more likely that you will find something that suits.

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