There are many pros and cons to leasing a van for your business as opposed to buying one. In this article, we will focus on the benefits of leasing a van and how it can help your company. Many business owners fork out a substantial amount of cash on a new van without considering a lease. If you need a business van, think about this option, and read through the many associated advantages below.
Difference Between Leasing & Buying
The most obvious difference between van leasing and buying is that you don’t own the van when you lease. You are simply renting it for a period of time and once your contract is finished, it must be returned. You’ll have to iron out the details with a leasing company and agree on the best type of lease to suit your business. A reputable van leasing company will have a range of popular vehicles in their fleet, including:
- Mercedes Titan
- Ford Transit
- Citroen Dispatch
- Peugeot Expert
Once you submit all the correct documents and sign a lease agreement, your van will be delivered to your premises.
Reasons to Lease a Van
The advantages of leasing a van for your business far outweigh the disadvantages. This is why so many business owners are choosing this option over buying.
- Latest Model
When you lease a van, you get to drive the latest model every year. The company will allow you to change the vehicle and drive a brand-new van. Once you get to the end of your lease, your van will be replaced with something more up to date.
- No Depreciation Costs
When you lease a van for your business, you don’t have to worry about depreciation. The vehicle isn’t yours, so all you have to think about is making monthly payments. If the van loses value, it isn’t your concern as you don’t own it.
- Accurate Cost Planning
Another great advantage of leasing a van for your business is accurate cost planning. You only have to pay your rental fee, if the van breaks down, repair costs are not your problem.
As you can see, there are many good reasons to lease a van for your business instead of buying a new one. Adding to your fleet doesn’t have to be difficult when you can rent a vehicle. If your business continues to grow, you can lease extra vans without having to pay a substantial amount of cash for a new one.