Leasing a van can be a convenient and tax-efficient way to get the vehicle you need for your business, or simply to help you out on occasions when you need to transport a large volume of heavy or bulky items. For those interested in van leasing in Bristol, it makes sense to consider the following points first.
Choose the right model
You may want to equip your team with the latest model, and the good news is that leasing is actually a very affordable choice. This allows you to make a professional first impression, as well as being cost-effective for your business.
You may also like to consider leasing a van that is electric or hybrid. This can allow you to meet sustainability targets and help give your brand a great reputation as a greener choice, as well as save you a considerable amount of money on fuel. Be sure to do your research to find out what your options are for van leasing Bristol.
For some companies, leasing a van rather than a car can be a smart choice. Small business owners wondering what type of vehicle to lease can learn more here.
Choose the right contract
With your choice of vehicle made, it’s time to consider whether you want to go for contract hire, hire purchase, or a finance lease. With a contract hire agreement, you can enjoy using a high-quality vehicle for the duration of your contract, and then have it collected by the finance company. This kind of agreement is subject to excess mileage and damage charges, however, which can potentially drive up the cost.
Hire purchase, meanwhile, allows you to pay for the van in instalments, which means that you’ll own it outright when the contract period is up. You will also need to pay all of the VAT upfront when taking out the agreement.
Finally, a finance lease combines both approaches, allowing you to spread the cost of VAT over the duration of the contract, and giving you the option to keep the van too.