How Van Leasing Can Help Your Business Grow
Read on to learn more about how a lease agreement can benefit your business.
Table of Contents
What are the benefits of van leasing?
Van leasing cost-efficiency
Leasing a van can be a more cost-effective solution than buying a van outright. Leasing allows you to pay for the use of the van in fixed monthly rentals. You will also avoid a large upfront cost, allowing you to allocate money to other areas of your business operations.
Flexibility of van leasing
Leasing with us allows you to choose from a wide range of options to suit your business needs. At Vansdirect we offer a broad choice of small vans, medium vans, and large vans, as well as various other body types.
You can also choose the rental term and mileage that suits your needs, providing you with flexibility.
Access to the latest technology
When you lease a van for your business you get access to the very latest models. This means you can take advantage of innovative safety features, and advanced connectivity. You can also keep your business performing at its best with improved fuel efficiency.
Tax benefits of van leasing
Your lease agreement is tax deductible, providing financial benefits to your business. You can claim back any tax expenses linked to the lease, providing you meet the required criteria. These tax benefits can result in substantial savings for your business. Please note, you should consult your tax advisor to determine the exact tax advantages available to your business.
Reduced maintenance and repairs with van leasing
You’ll begin your agreement with a brand new van, which should reduce any maintenance concerns. Additionally, many lease agreements include van maintenance. This helps to guarantee that your van remains in its best condition.
No depreciation concerns
All vehicles lose value over time. Leasing with Vansdirect eliminates the concern of depreciation because you never actually own the van. At the end of your contract, you will hand the van back. You can then start a new lease with a brand-new van!
With van leasing, you pay in fixed monthly rentals, which can make budgeting easier. With fixed payments each month, you can have greater oversight of your finances. This should allow for improved forecasting and better financial stability.
Now you can drive a new van and regularly upgrade your fleet. Driving well-maintained vans can leave a positive impression on new and existing customers. It demonstrates a commitment to quality and can instil a feeling of trust.
FAQs for business growth with van leasing
Is van leasing 100% tax deductible?
Generally speaking, leasing a van is tax deductible. However, this depends on various factors, including the specific terms of the lease, and the purpose of the van's use for your business. The van should be used entirely for business purposes, and you must be following UK tax regulations.
Is it best to lease a van if self-employed?
Van leasing can be an affordable and practical choice for many self-employed individuals. It can be more cost-effective and gives you access to a brand-new van, for a fixed monthly rental. Whether it’s right for you depends on your specific circumstances and business needs. Get in touch with our friendly team who can provide expert advice on your van leasing options.
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