![]() You pay a fixed price for simply driving away with the van, and everything except your fuel will be covered.Passenger Van Rentals for Large Groups, Road Trips, and More Insurance, servicing and even damage repairs will be taken out of your control. Hiring a van is very similar to leasing one, except you're given even less responsibility for the vehicle. Hiring a van can mean anything from a single-day rental to a much longer-term arrangement. Most arrangements don’t include insurance, but shop around if you want this service, because some providers will offer all-in leasing. If you need to terminate the arrangement early, you’ll also be left severely out of pocket. Read the terms and conditions carefully and don’t get caught out by an attractive headline figure that ends up giving you less use of the vehicle than you require. Penalty charges on excessive mileage can also be severe. You might have to go through an approved supplier to repair any damage, for instance, which can be costly and attract administration fees from the lease company. Leases have mileage restrictions, so bear in mind that they might not be for you if you cover a lot of ground.Īlso be careful of penalty clauses. You must, however, service the van on time and to the manufacturer’s recommendations. Once the contract finishes, you simply return the van and can get a new one, which means there's no danger of any surprise repair bills once out of warranty. Having a leased van also saves you on maintenance costs later down the line, because your new van will be under warranty and likely fully covered by the arrangement. And if you opt for an all-in service from the lease provider, you'll be paying the same amount every month, which is great for budgeting. ![]() There are many types of lease, and it can be a complicated world, but the basics are that you don’t own the van and that most arrangements come with fixed maintenance and breakdown packages. However, unlike with most phone contracts, you won’t own the van at the end of the agreement, and if you do want to purchase it, some agreements (lease purchase) will make you pay a substantial amount as a balloon payment at the end of the lease period. Leasing a van means you’ll be tied to a fixed-term contract, just as for many mobile phone customers, usually covering a period of three to five years. ![]() ![]() Leasing is also a simple solution for those who don’t have the money to buy a van outright. The downside is that you’ll have to pay for maintenance, tax and insurance yourself and keep on top of them all in order to keep your van in the best condition.Īlso, if you damage the van, you can choose to shop around for the lowest repair price or just leave it and save yourself the money – although we wouldn’t recommend that, because it doesn’t present a very good image to your customers.ĭon’t forget about depreciation either, as your van will be losing value throughout the time you own it.īusinesses like leasing, because it allows them to work with fixed costs. ![]() Furthermore, there’s no restriction on where you can drive it or how many miles you can do, plus there are fewer tax implications. You’ll own the vehicle for its entire life, you can negotiate the price to get a better deal and you can trade in an older vehicle if you own one. Nevertheless, this can still be the best buying method for many people. ![]()
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