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When you decide it is time for a new van for your business, you have to be clear about the methods of finance available. These fall in to two distinct categories: owning or hiring the vehicle. The latter is known as Finance Leasing.

Who should consider taking out a finance lease? Finance lease deals are best suited to individuals of businesses that want the same benefits normally associated with owning a vehicle. This would include the maximizing of tax gains and minimizing of the initial outlay. Usually you are asked to pay a relatively small initial rental cost or deposit up front. This may equate to 3 months payments with the balance of the payments being spread over the lifetime of the agreement. There should be a choice of payment terms, up to 5 years.

It is worth noting that for income tax purposes, finance lease is classed as a ‘hire agreement’ – qualifying you for a 100% relief to offset against any profit generated by the business.

With finance lease, you are required to pay VAT on a monthly basis. This you can claim back, if registered, to do so only on a quarterly basis. All that you have to do is agree a monthly figure and length of contract period. These deals usually include a final payment sometimes referred to as a ‘balloon’ or ‘Terminal Rental’.

Payments are made on a monthly basis by Direct Debit or standing order, and extend throughout the contract term. You can terminate the agreement early if you wish, although you will be liable for an ‘early redemption’ charge, and would lose the potential tax breaks.

At the end of the term, you are legally obliged to sell the vehicle, as the taxman will not allow you the tax advantages of the lease as well as ownership of the vehicle at the end of the agreement.

To understand more how this can benefit your busines, visit our website with our van leasing offers. volkswagen van leasing and Citroen Van Leasing are just some of the options out there to choose from.

Commercial van leasing is one of the best ways of ensuring that your company has constant reliable transportation. it is generally less expensive to lease a van for your business rather than to purchase one for different reasons. You need’nt worry about maintenance for example, which could be a great benefit when you have a group of vans.

Another benefit of van leasing is having the option to change the vans for newer ones when your lease agreement is up. It will be great for the company image. No one wants to be involved with a company that looks as if it can’t afford to give a decent level of transportatiion for its workforce. It can even do damage to your reputation, as opposed to a well maintained van that reflects pride and positivity.

Even with benefits associated with van lease, it is still vital to take the time to become familiar with the whole process before making the decision. There are a few options available for leasing, and you will need to know which is the more suitable for your business. This an important decision, and not one to take lightly or without the proper consideration.

Before leasing, it is advisable to know the requirements of your own company. For example, how many vans would be needed to help your business run smoothly? What type of vans do you need? Do you, for example, need it for haulage of equipment, a basic runaround or a perhaps a more luxurious van? Do you have a particular preference to the make or model of the van? Are you after used or new vans for your business? As soon as you can answer these questions, you will have a good idea of what you need which is the best place to begin.

To find out more information and see how we can benefit your company, come and see our unique van leasing offers. Fiat van leasing and Mercedes Van Leasing are just some of the options out there to choose from.