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Van leasing is an arrangement where you pay a fixed monthly fee while driving your new van, much like renting or subscribing. It is an arrangement that is similar to a pay monthly mobile phone contract.
You’ll pay an initial rental at the beginning of the ownership term before reverting to a fixed monthly fee for the duration of your lease. You can adjust the size of the monthly payments depending on the length of your lease with longer terms reducing the monthly cost.
If you're a business owner, sole trader, or are looking for a professional vehicle, you can lease a new van with Vansdirect.
If you’re seeking multiple van leasing agreements, it is recommended you consider the van fleet deals available at Vansdirect. We'll provide the maintenance and servicing of the vans to give you more time to focus on other aspects of your business.
Choose from a wide range of new van leasing deals including small vans, large vans, conversions and pickup trucks. Find the right new van leasing agreement and price to suit your personal and financial preferences.
If you’re looking to reduce your running costs and emissions, our wide range of electric van leasing deals present a more frugal and affordable option.
Vansdirect offers a large selection of different body styles, including pick-up trucks, dropside vans, tipper vans, crew vans, chassis vans and Luton box vans.
Whatever you're looking for, Vansdirect can help you find the best commercial van lease deals. Get in touch with our expert team who will talk you through the different models, prices and features.
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 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.
Begin an enquiry with Vansdirect to discuss leasing a new van.
To proceed, we may require a few documents to support your application – this may include address history, credit history, proof of UK residency, and proof of income.
A UK Driving License will always be required.
For business use, proof of positive trading and a director as a guarantor is sometimes requested.
To begin with, you will need to pass a quick credit check to show you are able to pay the monthly instalments.
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.
It can take up to two working days to receive approval when applying for a van leasing agreement. Approval could take longer if more information is requested to support your application.
A part exchange is not accepted in lieu of an initial rental, though we may be able to help you sell your vehicle to provide an initial rental.
An initial rental is also known as a deposit or the first payment you make. This single down payment comes at the start of your agreement.
The minimum deposit available is the equivalent of one monthly payment.
The length of a van lease agreement can vary but typically spans between two and five years, and you have the option to choose the payment terms.
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.
If you’re getting to the end of your van leasing agreement, contact Vansdirect to discuss the concluding terms and conditions of your van lease or hire purchase.
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.
The leasing company owns the vehicle. By leasing a van, you will essentially rent it for a set period rather than own it outright.
Missed van finance payments may result in extra interest charges. Failing to keep up with payments may result in the van being repossessed by the lender.
No, the payment date is usually a few days after delivery date of the vehicle.
Once you've secured your van and signed the finance documents, you can get your leased van as soon as it is available. 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.
Yes. An estimate of your mileage is used to calculate your monthly payments based against the estimated residual value of the vehicle at the end of the contract.
Depending on the type of finance you choose, mileage restrictions may apply. Contract hire agreements often include mileage caps or excess mileage charges.
Exceeding the limit may reduce the residual value of the vehicle come the end of the agreement and result in extra charges.
Yes, you can call Vansdirect and we can provide a new quote to suit your new mileage needs.
Yes. Applying a livery and signage to a van is an effective method of creating awareness for your business. It will need to be removed in time for returning the vehicle so it is recommended you use hard-wearing but easy-to-peel materials to ensure the van is in its original condition.
Yes, provided the finance company is aware of any modifications, as these may affect the value of the vehicle at the end of the term. We can provide certain modifications at the beginning and include this within your finance agreement.
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.
The manufacturer warranty will be responsible for covering the cost of repairs for faults that develop during the warranty period that are covered under the terms of the warranty. Beyond the warranty, there are options to extend the warranty for a fee.
You can have options to arrange a maintenance and service pack as part of your van lease agreement, which will be reflected in the monthly payments. This provides maintenance of wear and tear and any services required. It can also include tyres etc.
If you don’t take a maintenance package, you are responsible for the general wear and tear, such as tyres, brakes and servicing etc.
It is required you keep up with the servicing schedule to keep your van in good condition to ensure it retains a higher residual value come the end of your lease agreement.
If your business is VAT registered, you can reclaim all VAT paid on a commercial vehicle as a taxable benefit.
If you can provide the same documentation that you would for a credit check, there shouldn't be a problem with using finance to buy new vans for sale.
Insurance is a mandatory requirement as stipulated by UK law and you’ll need the details of your van insurance policy in order to start your leasing agreement with Vansdirect.
What Happens When My Lease Agreement Comes To An End?
If you can provide the same documentation that you would for a credit check, there shouldn't be a problem with using finance to buy new vans for sale.
What happens at the end of a lease will depend on the type of finance you’ve agreed.
Once you make the final payment, you are then required to sell the vehicle on to make the balloon payment. If you sell the vehicle for more than the balloon payment you can keep up to 98% of the profit. If you sell the vehicle for less than the balloon payment, you still have to make up the balance to make the balloon payment.
Once you make your final payment, you simply hand the vehicle over to the finance company at the end of the contract. We’ll contact you closer to the end of you contract to discuss further and provide instructions.
After the final payment is made and the option to purchase fee, the vehicle is yours.