Van Business Contract Hire Leasing, or Business Van Leasing as it is sometimes called, is simply a method of long-term renting linked to a mileage allowance, which can provide your company a fixed monthly payment for any new vehicle.
You can choose how long you want to keep the van for, and simply send it back at the end of the contract and order a new vehicle. It is a really simple way to budget and fix your motoring costs, as all you do is insure and put fuel in your company vehicle (assuming you opt for a fully-maintained contract).
Contract Hire "Operational Leasing" protects you from the depreciation risk of owning a vehicle and can include maintenance cover/breakdown cover (optional), Vehicle Excise Duty (VED) and much more. This method of vehicle funding is ideal for companies who do not want to tie up cash buying vehicles outright or have the financial risk of running their own fleets.
You can reduce the administration of buying, servicing (if part of the contract), and disposing of vehicles by contract hiring.
Just hand the vehicle back at the end of the contract and order a brand-new vehicle – it's as easy as that!
Choosing the most cost-effective method of funding a vehicle for your business can be a daunting task. Our Transit Centre advisors listen to your needs and take into account your situation before recommending a funding option for you. Please call one of our team today for impartial, practical advice about financing your vehicle. We are here to help and find solutions that work for both you and your business.