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Van Leasing

Our van leasing is all about flexibility. If you want flexible rental terms, the freedom to fix the monthly costs or change vehicle every few years, then consider a Van Leasing package.

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The Van Leasing package is split as follows:

Deposit: Minimum of 3 monthly rentals in advance. Usually about 20% of the vehicle’s value, although you can choose what to pay to adjust your monthly rentals.

Fixed monthly rentals: Choose your rental term, from 2 to 5 years.

Final balloon rental option: Paid off by the sale of the van. (Residual value is priced at an average mileage of 20,000 per year. Finance subject to company status. Business users only.)

Features

  • Choose to repay over 2 to 5 years
  • First years' RFL (Road Fund Licence) included
  • Freedom to fix monthly costs
  • No excess mileage fees or damage charges at the end of the contract

Benefits

  • Recoverable VAT annd Corporation Tax Benefits
  • The vehicles appears off balance sheet as it is owned by the leasing company
  • You receive 97.5% of the resale proceeds at the end of the contract (Lenders take 2.5%)

Application

To assist your application, van finance companies will look for a number of the following criteria:

  • 3 year address history
  • One credit item in past 3 years
  • UK resident
  • Full UK driving licence
  • Proof of income
  • No current CCJ's or Mortgage arrears

For Business use:

  • Proof of positive trading
  • Director can sign as guarantor

DISCLAIMER
All payments advertised are subject to VAT. Deposit can mean initial payment or initial rental depending on the contract type. Customers are subject to credit searching by the finance company on application. Business users only.

Representative Finance Example

Initial rental of £3,841 +VAT followed by 48 monthly rentals of £320 +VAT. Based on 8,000* miles per annum.
Business users only. *Excess mileage charge of 7p per mile. If you exceed this annual mileage then excess mileage charges will be applied by the finance provider at the end of the agreement should you choose to return the vehicle.