Top 5 Points To Consider With Leasing A Vehicle
Below is a list of points to consider before entering into a van lease deal. It may also be beneficial to seek the advice of your accountant.
1. Check out the description of the van, are they one and the same?
An easy way is to compare the P11d price, this is the price set by the manufacturer for company car tax (benefit in kind tax purposes). The term P11d refers to the form used by the Inland Revenue to record the details of the vehicle. If your quotation does not include the P11d price, then you should ask for this detail.
2. Check the payment profile, how much do you have to pay in advance and how many subsequent rentals?
The standard profile is 3 advance rentals followed by 23, 35 or 47 further rental costs for 2,3 or 4 year deals respectively (subject to credit underwriting agreements).
3. Check for road fund license, is it included for the full term?
All contracts whether they are with or without maintenance should have the road fund license included for the full term.
4. Does the agreement come with an extra admin or delivery charge?
You would be wise to have this agreed before you sign anything, as this is something that can be conveniently forgotten. Make sure that this is written into the contract at the start, to minimize time and money wastage.
5. Who is the finance company supplying the contract?
A trust-worthy broker would be happy to let you know where the quotation figures came from. They should also tell about the contact quality and the levels of service you can expect of the finance company. Watch out if the broker is unwilling to help, they may be looking around for the cheapest deal to earn the best return for themselves. This could be more in the interest of the broker than for you.
At Crusader Vans, we offer competitive deals on all of the top brands including Mercedes van leasing or Refrigerated van leasing.
Tags: renault van leasing, van contract hire, van lease, van leasing