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Vans for Lease

Vans for lease are easy to obtain in places like the UK and this can often be a good choice for your business. There are disadvantages to this method of getting a vehicle and we will consider this further here. It always pays to know exactly what you are getting into when considering vans for lease; otherwise it could wind up costing you a lot of money.

If You Break Your Lease Early You Could be Heavily Penalised

This is always a risk with vans for lease as we just don't know what the future is going to bring our way. If you have commit yourself to a lease for say two years or so and your company runs into financial problems during that time it could prove expensive to get out of the lease. The exact penalty will depend on the contract you signed, but in many instances you would be better off to just keep on paying until the lease is complete. Of course if your business is already in trouble it would probably be the wrong time to be even considering vans for lease.

If You Use the Van a Lot You May Have to Pay for Extra Millage

Almost all leasing contracts will come with a millage limit and if you go over this then you will have to pay extra money. Each leasing company is different and they will all have their own limits and penalty rates. If you do expect to be using the van a lot then it would make sense to choose the vans for lease companies that offers you the best millage rate and the lowest penalty rates. If you only plan to be using the van for modest distances then this shouldn't be too much of a problem.

Shorter Vans for Lease Contracts can be more Expensive

The nice thing about leasing is that you can always have relatively new vehicles in the courtyard. The problems with having hiring vans for lease for shorter periods though is that you will pay more than you would for a longer lease. It is usual to lease for anywhere from 1 year to 4 years; the 4 year lease usually works out a lot cheaper than the 1 year lease. Many people settle for the middle ground and lease for 2 years.

Some Leasing Companies Charge a Lot of Money for Dents and Scratches

Some leasing companies can try and charge you a lot of money for any dents or scratches after you return the car at the end of the contract. It is important to be clear from the start what you are responsible for and what you are not responsible for. Many vans for lease companies will charge you top rates for any repairs they have to make, and they have been known to charge for a full re-spray even though there is only a couple of scratches. This can be avoided if you only deal with reputable vans for lease companies and be clear about your responsibilities from the start.

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