What is passenger van leasing?
If you have a need to transport more than eight passengers, I would suggest the lease of a purpose built passenger van. It may be wise to be prepared to search for this as not all van leasing uk companies are suitable.
1. Consider looking for the correct type of van. Make use of a website like www.mwvc.co.uk to gain the information about passenger vans. If you are surfing around, you may locate the right make or model of passenger carrier. Decide on the probable amount of miles that are likely to be covered in a year. It could help you decide whether you can afford to go more eco friendly and select diesel van.
2. Consider whether you would be better served by a long or a short term lease. If your need is only temporary, you may want to concentrate on a short-term lease. Short leases are more flexible, as you can return the vehicle or extend the contract when the lease has expired. If you are looking to transport employees, then a longer term lease would be more appropriate.
3. Decide on roughly how many miles you will cover. Major small van leasing companies offer annual mileage allowances ranging from 7,500 to 50,000 miles per year. Your monthly payments would be less if you decide to purchase less miles each year. If you choose a low mileage allowance but exceed it, you will be forced to pay an excess mileage charge.
4. Contact leasing companies. You will find short-term van leases are closed-ended, meaning you pay the company a negotiated amount over a particular term for your van finance. Long term leases can be both closed and open-ended. In closed-ended leases, the lease company typically sets the residual value fo the vehicle. If the an is sold for less than the residual value at auction, the lease company is responsible for paying the difference. If the lease is open-ended, the customer then has to pay the difference between the residual value and the sale price.