Who can lease a van?

Van Leasing is generally a business tool, and hence our leases are set up for business use only. Businesses can be Sole traders, partnerships or limited companies.

To lease a van, the business, or its owners and directors, will be credit searched by the finance company. Businesses and people with good credit are generally accepted automatically. It is important to note that the Financial Conduct Authority require finance to go through an affordability check.

Business with a small amount of adverse may be accepted to lease if explanations can be offered.

Credit

Where the credit decision is marginal, we may be asked to provide further information such as bank statements and accounts. Here, additional measures may be requested by the finance company, in the form of a director’s guarantee.

New start business can still be eligible for finance. In most instances the finance company requires a larger deposit (generally 9 months upfront) and a director’s guarantee.

Customers will often have more than one lease as their business expands.

Taxation on van leasing:

Both types of van leasing (contract hire and finance lease) have similar tax status.

• All rentals can be offset against revenue, making them 100% tax efficient
• If you’re VAT registered, all of the rental’s VAT can be claimed back

You are in control

When leasing a van at Global Vans, we will provide you with as many options as possible, so that you have flexibility when comes to paying for the finance. It’s important that your monthly payments fit your finances, and that you, the customer, find the right deal for you. Our prices for vans start as low as £179 a month. This means you should have plenty of options when it comes to finding a van to fit your budget. 

Our partners

Our leasing finance partners are the ones who say the final “yay” or “nay”. This is out of our hands. But we will try and let you know beforehand if there is a greater chance for you to be accepted for credit. We have explained it more extensively here on our website if you would like a quick read. 

Contact us

Speak to one of our advisors for a quote on 01179625314 or go to globalvans.co.uk find your vehicle and complete our quick online form for a call back.