How to Find Cheap Van Leasing Deals

November 17th, 2021

If you’re looking for a cheap van leasing deal, it’s important to look in the right place. Taking out vehicle finance is already a great way to save yourself money, but it is important to make sure you’ve researched how to get the best deal for you.

Finding a reliable van leasing company

If a cheap van leasing deal is the goal, it’s hard not to look solely at the van lease cost. It’s important to also compare reliability of each van leasing company. Here are a couple of key things to check before you sign for vehicle finance.

• Compliance: The FCA (Financial Conduct Authority) and the BVRLA (British Vehicle Rental and Leasing Association) have regulations for brokers. You should be able to find this information on the company’s website.
• Experience: Long-established companies will have a better grasp on the market and good relationships within the sector. Checking the van leasing company is experienced could save you money.
• Good Reviews: How are they rated on the major reviews sites? A solid rating between 4-5 stars across the major reviews sites is a very good sign. A low rating is definitely a red flag.

For more info on how to find a reliable vehicle finance company, please read our article here.

How to compare cheap van leasing deals

There are several different vehicle financing options to choose from when leasing a vehicle. You should make sure you understand these fully before choosing the right one for you, and your business. 

Finance Lease, Contract Hire, and Hire Purchase all offer different benefits. So, when you’re looking for the best van lease deals, ensure you’re clear on the details of the financing option. Such as, VAT spread/paid upfront, excess mileage or damage charges, and end of lease options.

To read into vehicle finance options in more detail, please read our handy guide here.

What affects the costs of your monthly payments?

The cost of your monthly finance payments can vary due to a number of things. This is why it is important to get a personally tailored quote when you’re comparing van lease costs.

The larger deposit you put down, the lower your monthly payments will be. This will make the biggest difference to your monthly vehicle finance payments.

If you plan on driving a lot of miles, this will reduce the value of the vehicle at the end of the lease, and therefore mean a larger total van lease cost, and a higher monthly payment.

The longer the duration of your lease, the lower your payments will be. This is because you are spreading the total van lease cost over a longer period.

If you have further questions regarding the specifics of working out your monthly payments for vehicle finance, just call 01179625314 and speak to one of our van specialists.

Buying Vs Leasing

Whether you decide to buy or lease, depends entirely on what you would like to get out of your vehicle.

If you’re interested in ownership, you have the capital to pay up front and you’re not interested in trading up to a newer model in a few years’ time – then perhaps buying is a good option for you.

Alternatively, if you’d rather spread out the costs of your vehicle, upgrade at the end of term, and do away with the hassle of disposal – then perhaps you should look at which leasing deals would suit you and your company.

To read our in-depth article about the benefits of buying vs. leasing, just click here.

To speak to one of our van specialists about tailoring a personalised van lease to your needs Contact Us or call 01179625314.