FEATURE
Expertise – from left , Olivia Hornby , Laurren King and Harryette Claydon from the Van Ninja sales team . Call 0330 122 0102 to speak to them about leasing .
Van man – Van Ninja sales director Gary Henry . For Dawsongroup Vans rental , contact Gary at garyhenry @ dawsongroup . co . uk .
Business contract hire With business contract hire , you can lease a new van for a set number of years , pay a monthly fee and then return the vehicle once the term is up .
As the van will be returned , you only pay the difference between the new value and how much it is expected to be worth at the end of the lease .
The new van will be under the manufacturer ’ s warranty and will not require an MOT for three years . Three-year lease deals are very popular . By the time the warranty expires , and MOTs are required , the van has been returned to the finance lender and the business starts again with a new van .
A lease provides you with a new van at a much lower cost than buying one outright . Initial payments and term lengths can be customised to bring the monthly payments to a level your business can afford .
Finance lease Finance lease is another lease option that requires monthly payments over a set period . Where finance lease differs from contract hire is the balloon payment , paid at the end of the contract . This is set to be some percentage of the expected value of the vehicle at the end of the lease term .
In a finance lease , you are required to sell the vehicle at the end of the term – you cannot keep it . The sale of the vehicle is designed to cover the cost of the balloon
payment .
You will get a brand-new van , so you get the same benefits as contract hire in this regard – no MOTs , manufacturer warranty , low maintenance .
As long as the vehicle is sold and the balloon payment is paid , the finance lender is not concerned about the state of the van at the end of the contract . This makes finance lease a great choice if you expect plenty of wear and tear or high mileage .
Vehicle supply Something that affects all the options above – and should always be taken into account – is vehicle availability . Parts shortages that originated in the factory shutdowns around the Covid lockdowns continue to plague manufacturers , while vehicle supply is limited . Factory orders continue to have an ETA of between nine and 12 months , while stock models are mostly fitted with standard options .
Plenty of choice It may seem like you have options galore , and it ’ s true that your business can go down any of the routes described here .
For larger fleets , it makes sense to choose more than one option . Taking some vans on lease , some on long-term rental and so on , is an excellent use of available funds . It will also give your business a flexible platform to manage any future challenges .
If you need further advice on your options , speak to the experts . Representatives of Dawsongroup Vans and Van Ninja are happy to discuss your requirements .
For more details about finance lease / business contract hire , visit vanninja . co . uk . To find out more about buying a used van , visit used . vanninja . co . uk . For information on rental , visit dawsongroupvans . co . uk .
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