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Leasing is becoming a growing method of financing vans principally because of its low cost upfront payments and its beneficial tax treatment. Traditionally businesses used to either buy or hire purchase to finance their vans however as people have got better educated about what leasing can offer the trend has moved this way.
In actual fact van leasing is made up of two products being contract hire and finance lease. With Contract Hire the lease is a long term rental and the van goes back at the end of the contract. The Finance Lease is more akin to hire purchase as the van does not go back and you have the option to sell the vehicle and terminate the lease or extend it into a secondary period. When you sell the vehicle you receive usually 98% of the sales proceeds less any finance outstanding so it is very similar to owning the vehicle.
In terms of tax benefit both leasing products (Contract Hire and Finance Lease) will take advantage of offsetting 100% of the rentals against revenue and are thus hugely tax efficient. VAT is charged on the rentals but can be claimed back if the business is vat registered. The VAT treatment helps keep the initial outlay low as you only have to pay vat on initial rentals rather than the whole van which as you can imagine is a big difference.
Many people asks how leasing works and in reality it is quite simple. Once you have found the van you want and have credit in place, the lease company will buy the van and will remain the technical owners of the van. You will pay them the initial rental on or about when the van is delivered and you will pay the ongoing rentals over the term agreed. If this is a finance lease structure which has a residual value (meaning that you are not paying off all the capital making the rentals lower) you will have a final rental to pay at the end. Generally, most clients will sell the vehicle which terminates the lease and uses the sales proceeds to settle the final rental. If its contract hire the vehicle just goes back.
Global vans are a leading van broker who have operated for in excess of 17 years. We deliver in excess of 4000 vans each year which gives us significant discounts with manufacturers and competitive rates with funders. Our staff are well trained and we aim to provide the best service for you giving the right solution and most competitive price.
When you enquire with us we will aim to understand your needs and build our solution around you. With access to the full market we can help walk you through the choices available to you meaning we will get a van that’s the right specification, the right price and can be delivered quickly.
Our process is simple:
We work with all manufacturers albeit some more than others – see below. Global Vans lease deals will vary on price dependant on the batches we have negotiated at the time but we try to spread these in line with what customers want.
All our vans are new or pre-registered and benefit from the manufacturers warranty. Clients may have different opinions on van makes and models but generally we believe that all vans are generically good and have comparable reliability.
Even if you are looking for something specific we can scour the UK to help find what you want.
Whichever van lease deals you are thinking or looking for. Here at Global Vans we have great offers for you to look at. Our team here at global vans want the best deal for your business needs. May it be for commercial or tax reasons. We’ll tailor the best deal according to your business needs and you budget. Choose from a range of different vehicle types. We have large vans such as tippers or small vans such as the well known Citroen Berlingo.
We sell all sorts of brands. The top ones include Fiat, Nissan, Mercedes, Citroen and VW. Go through different financing options such as Contract hire, Finance lease and hire purchase. We’ll make sure you picked the right option that fits your business requirements. We have van leasing experts here that will guide you through the process so you are in good hands! We also have a Sales Support team and Customer Service team which will help you for any enquiries you have along the way and after care support.
We have a specific page that has all the special van leasing offers available.