What documentation do I need to apply for van leasing?
To apply for van leasing finance, you will need to enquire with Vansdirect and provide a few documents to support your application. This includes address history, credit history, proof of UK residency, a full UK driving license, and proof of income.
For business use, proof of positive trading and a director as a guarantor may be required.
Can I still apply for van leasing finance with a bad credit score?
If you have a poor credit score you can still apply for van finance, but your monthly instalments may be higher. All applicants are subject to credit checks.
Is there a mileage cap with a van leasing agreement?
Depending on the type of finance you choose, mileage restrictions may apply. Contract hire agreements often include mileage caps. Exceeding the limit may result in extra charges at the end of the contract.
How long do van leasing contracts last?
Van lease contracts typically last between two to five years, and you have the option to choose the payment terms.
What happens if I miss a payment on my van leasing agreement?
Missed van finance payments may result in extra interest charges, as well as potential repossession of the van by the lender.
What happens if my lease van develops a fault or breaks down?
All leased vans come with a manufacturer warranty, which varies depending on the specific manufacturer. Every van leasing deal also includes one year of complimentary roadside assistance.
In the event of a fault or breakdown, you can either contact Vansdirect or the manufacturer's customer service team. We ensure there are no damage charges at the end of your contract, even for general wear and tear on the road.
What are the terms and conditions of van leasing?
At Vansdirect, we offer flexibility where possible. Subject to the terms and conditions outlined in the van lease agreement. Our van leasing contracts typically last between two to five years. But there may be the option to end the contract early with possible costs or penalties.
Getting to the end of your van leasing agreement? Contact Vansdirect to further discuss the terms and conditions of your van lease or hire purchase.
Can I lease a van for personal use or is it only available for business use?
Unfortunately, no. At Vansdirect we offer van leasing deals for business use only.
Is insurance included in van leasing?
Insurance is not included as part of your van lease deal and it's your responsibility to take out comprehensive cover.
You need to insure your van lease before you can take it on the road. We recommend A Plan Insurance, who can provide comprehensive cover on our van lease deals.
Can I cancel my van leasing agreement?
You can settle your van lease deal earlier than scheduled by contacting us or your van finance company for a settlement figure. However, if you cancel your van leasing agreement early there may be possible charges or penalties.
How long does van leasing finance approval take?
After applying for a van lease agreement, it can take up to two working days for approval. But this could be longer if more information is needed to support your application.
How quickly can I get my leased van?
Once you've secured your van and signed the finance documents, you can get your leased van as soon as possible. It's a matter of arranging a delivery date and location that works best for you. We will contact you to make these final arrangements.
What are the differences between new van leasing, contract hire, and hire purchase?
New van leasing and contract hire agreements are quite similar, with a few key differences. They both involve leasing a van over a set period with monthly instalments.
With a finance lease, you have the option to include a balloon payment and sell the van on behalf of the finance provider. You will then receive a percentage of the sale proceeds. There's also the option to extend the term of the lease.
There is no option to own the van outright with a contract hire agreement as the van is simply handed back.
However, hire purchase is a fixed cost, fixed period loan that is linked to or secured on the purchase of a vehicle. At the end of the agreement, you can pay an Option to Purchase Fee. This then allows you to take ownership of the vehicle. Find out which van leasing deal is best for you by visiting our van finance pages.