What To Look For in a Van Finance Company

May 24th, 2021

If you’ve decided that a long-term van lease is the best option for you, you may now be looking for a van leasing company. There are a great deal of options out there, so it’s important that you do your research and make sure you choose the right one.

We’ve put together this short guide to give you our tips on what to look for in a van finance company.

Compliance with Financial Regulators

Any company offering you cheap van lease deals must comply with the regulations put forward by both the Financial Conduct Authority (FCA), who ensure fair treatment of consumers, and the British Vehicle Rental and Leasing Association (BVRLA), the trade body for the rental and leasing sector. This information should be readily available to you on the van leasing company’s website.

Experience

Taking out a long-term van lease is a big investment for your company, so it’s important to make sure the van leasing company you use has a wealth of experience in the sector. Well established van finance companies are also likely to have good relationships with major manufacturers and a network within the sector, and are therefore more likely to be able to negotiate you a cheaper van lease cost.

Good Reviews

Looking at the recent reviews for a company on the major review sites can give you an excellent idea of the customer experience. A company may offer a great range of cheap van lease deals, but you may discover that previous customers have had issues that you may want to avoid yourself.

High Quality Vehicles

When you invest in a long-term van lease, you are committing to a contract of 3-5 years. You want to make sure that the van leasing company you use can offer you high quality vehicles so that you are getting the most out of your lease. Low quality, or second-hand vehicles may have issues that could become expensive for you, and you may be tied to the vehicle for the length of your lease.

Lease Deals and Finance Arrangements

Ensure you choose a van finance company that can offer you a range of financing options for the vehicle you are looking for. There are a variety of finance arrangements available when leasing a vehicle and it’s important that the company you choose can offer the right financial option for you.

Delivery

It is important to check if the van leasing company you are considering can deliver to you. Furthermore, you should check if there are any delivery charges that you should be aware of, so that you don’t get surprised by extra costs down the line.

Aftercare

During a long-term van lease, you may encounter issues with your vehicle – whether this be breakdown, theft, damage etc. If you are leasing a new van from your van finance company, it will be covered by a manufacturer’s warranty. It is a good idea to check how any issues covered by warranty are reported and dealt with before you sign. This will give you piece of mind, and make sure you’re ready for any eventuality.

If you have any further questions regarding the types of van finance available, please give us a call on 0117 962 5314 to speak to one of our van specialists.