Introduction
Lease vans are vans rented out by a rental company to many different customers such as businesses or individuals. There are numerous companies available all over the world, and all have different leases to cater for every individual.
Advantages
There are numerous advantages for the consumer when leasing a van is compared to buying. These include:
- The length of time a van is needed. Often a van may only be needed for a short length of time for example when moving house, or transporting items on a one off basis. In this case it is pointless in buying a van, but it can be cheaper to lease one for 28 days than to pay a separate company to do the job. Not every van leasing company offers such short leases although some do so it is worth searching around for one that suits your needs.
- Lease payments are usually lower than monthly loan payments would be were you to buy a van. This is because you are only paying for rental charges, and minimal wear and tear.
- When the lease is finished you do not have the responsibility of selling the van to upgrade to a newer model. You have the choice of either buying the van you have been leasing (contract permitting) or upgrading to a newer model without any hassle. You can also just walk away at the end of the lease with no further responsibilities aside from any maintenance or excess miles costs.
- The future market value of the van is the responsibility of the lessor when they sell it and not the customer.
Makes and Models
There are numerous van leasing companies currently operating and with this comes numerous different types of van. Below are a few different types of lease van and the costs of renting.
- Small Van - Ford Transit Connect 200. Rental fees £184 ($292) per month + VAT with 10,000 miles per year and a £550 ($873) deposit. Based on a 4 year lease.
- Medium Van - Peugeot Boxer 333 L3 Diesel. Rental fees £268 ($425)per month + VAT with 10,000 miles per year and a £725 ($1150) deposit. Based on a 5 year lease.
- Large Van - Mercedes-Benz Sprinter 313Cdi Long Diesel. Rental fees £321 ($509) per month + VAT with 10,000 miles per year and a £964 ($1530) deposit. Based on a 5 year lease.
- Pick Up - Toyota Hilux Diesel. Rental fees £253 ($400) per month + VAT with 10,000 miles a year and a £659 ($1046) deposit.
All of the above makes and models were from the UK Van leasing site http://thevanwarehouse.com although this is just a sample of what can be found online. Almost every country worldwide has companies with vans to lease, with varying prices, makes and models, and prices all suited to the individual customer.
Conclusion
There are van leasing companies world wide all with different makes, models, prices and leases. There are huge advantages to leasing rather than buying as outlined above and as more and more people turn to leasing rather than buying this industry will continue to grow.