Posts Tagged ‘van finance’

6 December

The Top 5 Van Leasing Queries Answered Here

Often we cget questions from potential customers about van leasing or hiring. Below are listed some of the common questions to help customers make a choice.

Can I have the vehicle sign written?

Branding your own vehicle is high in our list of advice to customers who want want to promote their brand. What could be a better advert than to have a brand new van with you company logo displayed prominently. Having a new van is a great way to advertise your business whilst on the move and gives your customers confidence in what you do. All that is required if you are returning the van is to make sure that you have removed all of your publicity material.

Who is responsible for the insuring the vehicle?

The monthly van leasing costs we advertise do not include insurance. We ask that you insure the van on a fully comprehensive basis. We are happy to provide an insurance quote if you have purchased the van from us.

I don’t have preference for any type of van, but the budget has to be considered?

Some people come with an idea of their budget, but not on what type of van that they would like. We have a system that easily identifies lots of different vans and their pricing bands. Speak to one of our assistants and they will help you to decide what is best for your company. Whether you are interested in pick up truck leasing, or want to know the best green options, we are here to help.

What is van finance?

There are many differ van finance options available to potential customers, including contract hire, contract purchase and finance lease.. We would suggest that you contact us to receive more detailed information.

Will I get a brand new vehicle?

Our customers benefit from a new van which is included with a full warranty from the manufacturer. You can choose from any make or model to suit your needs, which should give your peace of mind.

13 October

Would A Van Contract Hire Agreement Suit My Business Better Than Buying?

Are you about to replace you old van but don’t know whether leasing would be a better deal than buying? Listed below are some key things to consider help you to decide whether to buy the vehicle or to try one of the excellent contract hire deals.

In the past, van leasing has mostly been associated with large corporate businesses and huge fleets of vehicles. But nowadays smaller businesses and self-employed individuals are also taking advantage of the benefits van lease agreements have to offer.

The idea of vehicle leasing is a fairly new concept to the masses, but it has always been known as an effective form of contract.

Do you wish to avoid the high cost of depreciation?

Brand new vans on average depreciate up to 60% in the first 3 years. With a contract or lease deal you only effectively pay for the use of the van, avoiding actual ownership and depreciation cost.

Do you have a stable and predictable lifestyle / business?

When you lease a van, you agree to lease it for a fixed period of time usually 2 to 5 years. If you need to exit your lease earlier than planned, you could be liable to a termination fee.

It is vital that you estimate your likely annual mileage as accurately as possible. If you break your annual mileage agreement, you are likely to be charged an excess cost. If your circumstances change and you find yourself doing a higher mileage, you can amend your van finance agreement during the lifetime of the lease. This could, however, increase your monthly payments.

Do you want low monthly payments?

If you were taking out HP or negotiating a loan, this would be likely to cost more than a monthly leasing agreement. The result is that you would save money, and also have the opportunity of finding something slightly better than if you were purchasing outright.

You can also find other vehicles including pickup trucks and cars covered by leasing agreements. For more information about cheap pickup truck leasing contact MWVC and speak to one of their staff.

19 July

Passenger Van Leasing And Important Considerations

If you have to transport more than 8 people, it would be good to consider a special passenger van. It may be wise to be prepared to search for this as not all van contract hire companies are suitable.

1. Consider looking for the correct type of van. Use a website such as www.mwvc.co.uk to get information on different types of passenger vans. If you are surfing around, you may locate the right make or model of passenger carrier. Decide on the probable amount of miles that are likely to be covered in a year. This will determine whether you can afford the extra lease cost associated with diesel vans.

2. Try to decide whether a long term or short term lease would be your best bet. If you have only a temporary need for a passenger van, look into short-term leases. A shorter lease provides flexibility, as you may extend the term if needed or return the vehicle after a few weeks or months when the lease is up. If you are looking to transport employees, then a longer term lease would be more appropriate.

3. Decide on roughly how many miles you will cover. Major small van leasing companies offer annual mileage allowances ranging from 7,500 to 50,000 miles per year. If you purchase less miles per year, you will have lower monthly payments. If you choose a low mileage allowance but exceed it, you will be forced to pay an excess mileage charge.

4. Contact leasing companies. You will find short-term van leases are closed-ended, meaning you pay the company a negotiated amount over a particular term for your van finance. Long term leases can be both closed and open-ended. In closed-ended leases, the lease company typically sets the residual value fo the vehicle. If the an is sold for less than the residual value at auction, the lease company is responsible for paying the difference. If the lease is open-ended, the customer then has to pay the difference between the residual value and the sale price.

 

2 July

Why Mercedes Have The Best Van Leasing Deal On Offer

People in the past when thinking of a van, had really been thinking of a minivan. Minivans have been the market leaders for many years. If had a large family, you only option may have been a minivan. The Mercedes Sprinter has given this market a new look, and has become the most popular option on sale. How has this become possible, when the industry thought the opposite to this?

Size is the main reason why the Sprinter has become the people’s choice. The Sprinter was designed with plenty of room and is ideal as a delivery van. There is seating for up to ten people with plenty of cargo space. The seats can be taken out easily if more space is needed in a hurry.

You would think that a van with that much cargo space would be uneconomical with fuel, but this is not the case. Surprisingly the most fuel efficient van on the market isnt a minivan but the much larger Sprinter. The Mercedes Sprinter van has become very popular with buyers and people looking for van contract hire deals. This is a good thing considering the cost of fuel and our need to keep down the level of greenhouse gas emission.

Although originally designed for hauling cargo, Mercedes now offer all of the features expected on family vehicles. Heated seats, a sun roof, and climate control are all available. The sprinter also comes with all of the standard safety features, anti lock brakes and stability control

Versatility is one of the reason for the Sprinter’s popularity amongst customers. It can be great to use for large cargo jobs, or simple to ferry the family around the town. The Sprinter is also being used as shuttle bus. Many businesses are finding that the Sprinter is a much more efficient transport method for their staff.

To know more about van finance or small van leasing contact MW Vehicle Contracts Ltd.

 

26 May

Understanding How To Use The Van Leasing Market

Leasing vehicles and the associated marketing have gone unnoticed recently due to very low interest rates. Lower monthly payments have been the advantage most people have been seizing when dealing with leasing. With the low financing rates, this advantage has been shifted to traditional financing.

The world of leasing vehicles is complicated and difficult to understand fully. Even now it is possible find some good deals out there, but the financial process around leasing a van can still be quite confusing. It is this confusion that can leave you puzzled once the lease period is done.

So to avoid the van leasing confusion, we can look at some basic points.

In vehicle leasing, you are only paying for (in the form of monthly payments) the portion of the van that you use over the life of the lease. As part of the monthly repayments, the sales tax and financial charges will be included.

Yes, van finance or interest charges! In van leasing vernacular this is known as the money factor.

The van’s residual value is what is determined as the quantity of the van that you will use. The residual value is a predetermined number relating to the market value of the van at the end of the lease.

For example: if a $20,000 van has a residual value of $11,000 at the end of your 36 month lease, this means that you will have used $9,000 of this van; so your monthly payments will be based on $9,000 over 36 months. What is obvious here is that the higher the residual value, the better the monthly payments are going to be for you.

Often the money requirements at the start include the initial first month payment and the security deposit. It is optional of course for you to put more money down than recommended (cap cost reduction) which is similar to when purchasing, which will help to reduce monthly payments further.

For more information on leasing a van, including pick up truck leasing and vans of varying sizes, contact MWVC on 08450 500 800.

 

31 March

What do we think of the White Van Man?

Once referred to as ‘menaces of the road’, van drivers are actually more respectful and polite according to a new report.

The phrase ‘white van man’ was coined in 1997 by a radio presenter, and became associated with rudeness and poor quality driving.

A report produced by Renault UK for the Socal Issues Research Centre based in Oxford, tries to explode the myth.

The authors of the report say that as with many negative stereotypes, their research shows that the perception of White Van Man is a “gross caricature of reality”.

The radio presenter seemed to be presenting a popular perception that men in which vans are much more aggressive and rude than other drivers.

But many ordinary motorists said the so-called white van man still creates problems for others on the road.

‘Chauvanist pigs’

One driver told the BBC: “They come right up behind you from behind and flash at you if you don’t move out of the way.”

Another said: “They tend to be on the whole chauvanist pigs that don’t look out for cars and pull out in front of you without warning”.

Research was conducted amongst 200 van drivers in service stations, petrol stations and lay-bys around the entire country.

Warmth and humanity

The humble white van driver even wins approval it seems from those behind the wheel of emergency services’ vehicles. They supposedly feel that white van man is the most aware on the road, is are the first to make way when the emergency service sounds its siren.

Apparently as an indication of warmth and humanity from the van drivers, the study mentions that they are most likely to be passionate pet carers.

It adds, more realistically perhaps, that given today’s road conditions and workloads “it is no surprise that some van drivers appear to be in a perpetual hurry”.

If you wish to experience being a white van man, you can find some great van lease deals, and learn more about the complexe issues of van finance.