Van Lease FAQs
When it comes to leasing vans there are certain questions that are commonly asked. These van lease FAQs need to be answered in order for anybody considering the move to be able to make an informed choice. If you lease without really knowing what you are doing then this could be something that you regret later. Here are some van lease FAQs to reduce the risk of you making an unwise decision.
Van Lease FAQs; is van leasing better than renting?
The answer to this question will very much depend on the amount of use you expect to get out of the vehicle. If it is only something that you need for a few days, or something that you will only use now and again throughout the year then you would probably best renting. Leasing for very short periods is not possible. It would also not prove cost effective to keep a leased vehicle around so that you could use it only rarely. On the other hand though, if you are going to be using the vehicle for anything more than a few weeks then van leasing will be the most cost effective solution.
Van Lease FAQs; is van leasing better than buying?
For many people it can work out to be a lot more cost effective to lease rather than to buy. When you purchase a vehicle you own something that is losing value all the time. By the time you come to sell it your van might be worth very little indeed. If you want to have a van as an asset and you expect to be using it for many years to come then purchasing a van probably is the most cost effective solution. On the hand, if you want to regularly have new vans added to your fleet every year or so then you would probably be best leasing.
Leasing also has other advantages over buying such as:
- You don't have to ever worry about selling it.
- Many leasing companies will offer maintenance.
- You can get to have the use of vehicles that would otherwise be exorbitantly expensive.
- You get to have relatively new van on the road and this reflects positively on your business.
Van Lease FAQs; are there any negative aspects to leasing vehicles?
The main drawback with leasing is that you are usually locked into a contract that can be very hard to escape if you need to bail out early. Most leasing contracts will have big penalties for breaking the contract and it will usually make more sense to just keep on paying. You don't really know what the future holds and this is particularly true if you are a business owner.
Another drawback with most leasing contracts is that they usually come with a millage limit. This is not too much of a problem if you are going to be only using the van a modest amount. If you are going to be using it a lot though you may have to pay a lot extra at the end of the lease.
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