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Van Leasing

How to lease a van for business

Whether you’re a start-up or established business, investing in the right tools for the job, including the right van, is essential. For busy tradespeople and couriers, looking for a new van to lease can be overwhelming. Here we break down how to lease a van for business.

2nd Nov 2022 OSV

Benefits of leasing a van

Leasing a van comes with significant benefits.

  • Reassurance: Leasing a new van brings with it the reassurance of working with a new vehicle that’s reliable and won't let you down 
  • No depreciating assets: Avoid the hassle of a depreciation vehicle. Lease for a set period e.g., 4 years, then hand back your vehicle and receive a brand new one
  • Tax benefits: As a business, you get to reclaim up to 100% of the tax
  • Affordable monthly payments: Stay on top of your overheads with fixed monthly costs
  • Reduced costs: You won't need an MOT or road tax on a brand new van for the first 3 years

Who can lease a van? 

Taking out a lease on a van is simple. To be eligible, the following typically qualify:

  • A Limited Company, or Private Limited Company (PLC) 
  • A sole trader
  • A partnership 
  • A limited liability partnership
  • A VAT registered company

If you are eligible, the next steps will be to take your company details and proof through documentation. Once a credit check is completed, if you are successful you will then be taken through your leasing options by our leasing experts.

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