If you need a new van for your business or personal use and you don’t want to or cannot spend a lot of money on it, then van leasing is the best option for you.
Van leasing plans work in the following manner:
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• Deposits are usually for 3 monthly rental payments, but can sometimes be negotiated if the customer wishes to increase it
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• Changeable repayment terms up to 60 months
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• VAT is paid monthly but can by claimed back quarterly by VAT registered customers
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• Rentals are 100% acceptable against taxable profits
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• The vehicle is sold or part exchanged at the end of the lease agreement, and the customer benefits from 95% of the sale profits
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• There are usually no mileage charges or rules
Van leasing can still be beneficial for non VAT registered business users as well because of the low early deposits, maximum flexibility and being able to spread the VAT element across the full term.
Secondary rental allows you to keep the vehicle for up to 2 years after the original
van leasing agreement completion date has been passed.