This is a popular van leasing option which is available to businesses and van drivers who do not wish to pursue contract hire as the method of funding for their vehicle.
The structure of payments are very similar to what you would expect from a contract hire contract, in that you make an initial rental followed by a set number of monthly rentals (depending on the length of your contract.) However, at the end of the contract there is a final rental (sometimes referred to as a balloon payment) which you must pay.
The final rental is calculated by the finance company using the term and mileage which you provide to VanLease UK. Although there are no restrictions on mileage, it is in your best interests to accurately calculate your mileage to avoid the vehicle from falling below the final rental at the end of the contract i.e. negative equity.
It is a misnomer that builders, electricians or plumbers cannot ‘lease’ their van. What is often misunderstood is that leasing is a generic term which can refer to contract hire, lease purchase or finance lease. Each of these products have certain advantages or disadvantages for the individual or business which may in turn affect their decision as to how they wish to fund their new vehicle.
As highlighted above, not everyone will want to utilise contract hire as the preferred funding solution for their van. In particular, if you operate within the building or maintenance industry, it is likely that your work will have a detrimental effect on the vehicle you use.
With contract hire, your vehicle needs to be returned at the end of the contract and so would be subject to an inspection on collection. Any damage or repair costs would subsequently be forwarded to you (together with any excess mileage costs).
In contrast, finance lease offers a more flexible solution in that you have the option to:
With finance lease, control of the contract remains with you during and at the end of the contract.
At VanLease UK, the high volumes of commercial vehicles we supply allow us to negotiate beneficial terms from our key dealer group suppliers and manufacturers. Of course these pricing advantages are passed onto our clients and customers to ensure they receive the most competitive van finance lease deals from one of the UK’s official suppliers.
To assist you with your quote, our team at VanLease UK require you to:
Once we receive this information, our team will supply the most competitive and pragmatic options for you.
CarLease (UK) Ltd t/a CarLease UK, e-car lease and VanLease UK is Authorised and Regulated by the Financial
Conduct Authority – our Firm Reference Number (FRN) is 706617.
Carlease (UK) Ltd t/a CarLease UK, e-car lease, VanLease UK and School Minibus Leasing UK is a credit broker and not a lender and will introduce you to a limited number of finance providers which have been carefully selected by us - please note that we do not provide independent financial advice. The finance providers that we use may make payment to us if you elect to enter into an agreement with them. The amount we receive will affect what you pay for your vehicle. The commission received may or may not be capped in accordance with that finance company’s policy. We may also receive an extra amount based on how much business we provide to that finance company, the types of products you take from the finance company and the quality of our service. For Regulated Customers you can ask us about the payments we receive from the finance company so long as this is in good time before the agreement is made. Failure to maintain rentals may result in the vehicle being withdrawn (this may affect your credit).
All images on this website are for illustrative purposes only and may not reflect the actual vehicle which is delivered to you. All prices shown are subject to change at any time and are subject to credit status and vehicle availability.
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