Do you use a van for work? Have you always assumed buying your trade business van is the only option? Surely you wouldn’t be able to make a mess of a leased van, or have it fully sign-written with your logo?
Wrong. Leasing a van is surprisingly flexible and makes a lot more sense financially, as well as saving you time and stress with maintenance and other incidental costs. Here are 4 reasons why leasing your work van is the way forward.
- Tax break. Yes, we’re starting off by bringing out the big guns. If you lease your trade van. You can claim up to 100% VAT back on the monthly payments (assuming you are VAT registered) providing you only use the vehicle for business purposes. And, as you could if you were buying your van, you can still claim the rental costs as an expense through your tax return – they are classed as a tax-deductible expense.
- Cash flow. Another money-focused reason, these ones are always the most important as this is key to keeping your business solvent. There are a few ways leasing a work van will help with cashflow. Firstly, you won’t need such a big down-payment at the start of the lease as you would for a purchase deposit. Secondly, you know where you are with your monthly payments for the duration you have the van and there’s no balloon payment at the end, you simply hand it back and take on a new one. Thirdly (three reasons for the price of one, here) you don’t have to worry about maintenance as this can be calculated as part of your ongoing payments meaning there’s no need to find lump sums of cash for servicing.
- Act like it’s yours. Contrary to popular belief, you CAN sign-write a leased van. Many of our clients ‘wrap’ their vehicles so they are fully branded just as they would be if they had purchased a vehicle. You can also use it as we’d expect you to – carrying tools and materials which might make a mess. We don’t expect a trade business to return a pristine van to us so, provided it’s been looked after we can accept that it might not be as shiny inside as it started out. In reality, the time and money you’d need to take if you owned your van and had to make it work for you for longer is saved with a leased van as you get to hand it back and start afresh.
- Simplicity. We’re big fans of keeping things simple. All you need to do is tell us what size you need your van to be: small, medium or large and we can suggest the perfect match for your business. We offer the likes of the Citroen Berlingo, Peugeot Partner or Ford Transit Connect for the smaller vans, our medium range includes the Ford Transit Custom, Vauxhall Vivaro or Renault Trafic and our larger vans are the Ford Transit, Peugot Boxer or Mercedes Benz Sprinter.
So, whether you’re carrying parcels or potatoes; helping people build a house or move home; or even need to keep up with your new post-pandemic delivery service, we’ve got the lease van for you.