Choosing a van is easy, the hard part is actually working out how you’re going to pay for it. As we all know times are tough, but the rusting heap parked outside on the driveway has no idea of what a recession is. So you need to work out how you’re going to replace it. You have two options, buy or lease. This should hopefully help you make the decision so you will soon know the best option for you.
So what is the difference between lease vans and vans that your able to buy. Buying is the method your probably most familiar with, you find the cash which is either stuffed away in your bank account or you will have to ask somebody for a loan. Once you’ve handed the money over the van is yours.
The alternative to this would be leasing. The main difference is when leasing a vehicle you never actually own it, you will be paying a monthly fee for the use of the van. With some schemes you can also pay a lump sum at the end of the lease period to buy the vehicle outright. For example if you have leased a vehicle for two years you will be paying a fixed amount each month, once at the end you have the option to buy the vehicle.
Buying a vehicle is a good option for numerous reasons, the first of them being they can sometimes offer the best value. Also if you are negotiating with cash you’re in a very good position to get the price of the vehicle down and get a good deal out of it. Another advantage is if you already have a van you will be able to trade it in a save even more money on the purchase.
One of the main benefits that you get with buying a vehicle and not leasing is that you have an unlimited amount of miles to do as the vehicle is yours. In a lease vehicle your only allowed to do a certain amount of miles per year which are agreed in a contract.
Most importantly is that it’s yours, it is now an asset, it is a part of your business and if there comes a time where you need to trade, swap or even sell it you will be able to do this whenever you want.
Just like buying a van, leasing a vehicle also has numerous amounts of advantages, including the fixed monthly cost. This is going to be most suitable to those who like to get a new vehicle every two or three years. At the end of it all you do is return the vehicle and walk away, you could even opt to take out another.
The majority of lease packages will also include maintenance and breakdown cover in them, which will help you with savings. If your van decides to break down, the leasing company will fix it and the great thing is the cost does not come out of your pocket.
As well as leasing vans the most popular thing to lease is a car, it is done exactly the same except with a car and not a van. There are currently numerous amounts of car leasing deals available both online and in a store. This means you will be able to find the most suitable vehicle and the best price for that vehicle before you get it.