Introduction to Van Leasing in the UK: A Comprehensive Guide for Beginners
Silverstone Leasing

Introduction to Van Leasing in the UK: Basics for Beginners

Understanding van leasing can feel like trying to decode a foreign language. It's a world filled with jargon, contractual obligations, and many brand choices. This guide breaks down the basics for those entirely new to the concept.

white vans

Why Consider Van Leasing?

Van leasing, in its essence, is an extended vehicle rental. Instead of purchasing a van, you essentially 'borrow' it for a set period, making monthly payments throughout.

“It's a bit like Netflix but for vehicles. You subscribe to use a van without having to own it.”

Benefits of Van Leasing

1. Financially Friendly

No hefty upfront costs as with buying. You pay a monthly fee, often comparable to or less than loan repayments.

2. Stay Updated

No more driving outdated models. Upgrade your fleet every few years to stay current.

3. Predictable Expenses

Fixed monthly costs can aid in budgeting, as opposed to unforeseen maintenance expenses of owned, older vans.

Choosing the Right Leasing Partner: Silverstone Leasing

Navigating the maze of leasing can be daunting. That's where we step in. At Silverstone Leasing, we cater to the unique needs of local and nationwide UK businesses.

Here are some brands we proudly offer:

Deep Dive into Brands

Citroën

French craftsmanship at its finest. Think of it as driving art while enjoying top-tier efficiency.

Volkswagen

Not just cars. Their vans combine German engineering with daily functionality.

Making Sense of the Finances

Venturing into leasing without understanding its financial framework can be treacherous. Here’s a simple breakdown:

  1. Initial Deposit: Like a security deposit. The more you pay initially, the less your monthly fees.
  2. Monthly Instalments: These remain consistent, making budgeting simpler.
  3. Balloon Payment: Some contracts have a larger final payment if you wish to keep the van.

Essential Jargon for Beginners

  • Lease Term: The length of your leasing contract.
  • Mileage Cap: A set number of miles you're allowed to cover. Exceeding can result in fees.
  • Fair Wear and Tear: Natural deterioration is expected, but excessive damage might incur charges.

In Summary

Leasing a van is a perfect avenue for businesses to maintain a modern fleet without the financial burden of ownership. It’s all about the freedom to use without the hassles of owning.

Silverstone Leasing stands as a beacon for UK businesses, simplifying the complex leasing world.

"Leasing offers the flexibility. Silverstone Leasing provides the expertise."

For deeper insights or if you're ready to embark on your leasing journey, browse our extensive offerings or contact our dedicated team.

 

FAQs

What exactly is van leasing and how does it differ from buying?

    Van leasing is essentially a long-term rental agreement. Instead of purchasing a van and owning it, you enter into a contract to use the van for a specified period, often ranging from 12 months to 5 years. During this time, you make regular monthly payments.

    The primary difference between leasing and buying lies in the ownership:

    • Leasing: At the end of the contract, the van typically goes back to the leasing company. You can then choose to lease a newer model, ensuring you always have access to the latest vehicles. Some contracts also offer the option to purchase the van at the end.

    • Buying: When you purchase a van, you own it. This means you bear the full brunt of its depreciation, and eventually, you might have an outdated model on your hands.

Are there any restrictions when it comes to leasing a van?

    Yes, there are certain restrictions in a typical van leasing contract:

    • Mileage Limit: Each lease agreement specifies a mileage cap. If you exceed this limit, additional charges might apply. It's essential to estimate your mileage needs accurately when entering into a lease.

    • Condition of the Van: When you return the van at the end of the lease term, it should be in a condition that reflects 'fair wear and tear.' Any damage beyond this could result in extra charges.

    • Customisations: Any modifications or customisations to the van usually need prior approval from the leasing company, and you might be required to reverse them at the end of the lease.

What happens at the end of my lease term with Silverstone Leasing?

    At the end of your lease agreement with Silverstone Leasing, you typically have several options:

    • Return the Van: Hand the van back and walk away. You can then choose to enter a new lease agreement for a newer model if you wish.

    • Purchase the Van: Some lease agreements, known as 'lease purchase' contracts, offer you the option to buy the van at the end of the lease term for a previously agreed sum.

    • Extend the Lease: Depending on the agreement and the leasing company's policies, you might be able to extend the lease for the same van.

    Before your lease ends, it's a good idea to discuss these options with us, ensuring a smooth transition regardless of your choice.

Is van leasing cost-effective for my business?

    Absolutely! Van leasing offers several financial advantages for businesses:

    • Predictable Costs: With fixed monthly payments, budgeting becomes easier. There aren't any unexpected maintenance costs, especially if you opt for a maintenance-inclusive contract.

    • No Depreciation Worries: Unlike owning a van, where its value can depreciate over time, leasing shields you from this financial decline.

    • Access to New Models: Regularly updating your fleet means your business benefits from the latest technology, safety features, and fuel efficiencies. This can further save costs and enhance your company's image.

View our Van Leasing Offers

Top deal

Volkswagen ID. BUZZ CARGO

150kW Commerce 77kWh Auto

£595.18 Per Month (inc VAT)

£5,356.62Initial Rental

  • 48 months
  • 5,000.00 miles pa

£595.18 Per Month (excl VAT)

£5,356.62 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum
Top deal

PEUGEOT EXPERT STANDARD DIESEL

1000 1.5 BlueHDi 100 Professional Premium + Van

£319.79 Per Month (inc VAT)

£2,878.11Initial Rental

  • 48 months
  • 5,000.00 miles pa

£319.79 Per Month (excl VAT)

£2,878.11 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum
In stock Top deal

VAUXHALL MOVANO 3500 HEAVY L3 DIESEL FWD

2.2 Turbo D 140ps H2 Van Prime

£516.11 Per Month (inc VAT)

£4,644.99Initial Rental

  • 48 months
  • 5,000.00 miles pa

£516.11 Per Month (excl VAT)

£4,644.99 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum
In stock Top deal

VAUXHALL VIVARO L1 DIESEL

2900 1.5d 100PS Prime H1 Van

£417.91 Per Month (inc VAT)

£3,761.19Initial Rental

  • 48 months
  • 5,000.00 miles pa

£417.91 Per Month (excl VAT)

£3,761.19 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum
Top deal

CITROEN BERLINGO M DIESEL

1.5 BlueHDi 1000Kg Enterprise Ed 100ps 6 Speed S/S

£254.68 Per Month (inc VAT)

£2,292.12Initial Rental

  • 48 months
  • 5,000.00 miles pa

£254.68 Per Month (excl VAT)

£2,292.12 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum
In stock Top deal

PEUGEOT e-PARTNER STANDARD

800 100kW 50kWh Asphalt Premium + Van Auto

£420.13 Per Month (inc VAT)

£3,781.17Initial Rental

  • 36 months
  • 5,000.00 miles pa

£420.13 Per Month (excl VAT)

£3,781.17 + VATInitial Rental

  • 36 months
  • 5,000.00 miles pa
  • 36 month term
  • 5000 miles per annum
Top deal

FORD TRANSIT CUSTOM 280 L1 DIESEL FWD

2.0 EcoBlue 136ps Low Roof Limited Van

£315.26 Per Month (inc VAT)

£2,837.34Initial Rental

  • 36 months
  • 5,000.00 miles pa

£315.26 Per Month (excl VAT)

£2,837.34 + VATInitial Rental

  • 36 months
  • 5,000.00 miles pa
  • 36 month term
  • 5000 miles per annum
In stock Top deal

VAUXHALL MOVANO 3500 L3 DIESEL FWD

2.2 Turbo D 140 H2 Van Prime

£515.24 Per Month (inc VAT)

£4,637.16Initial Rental

  • 48 months
  • 5,000.00 miles pa

£515.24 Per Month (excl VAT)

£4,637.16 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum
Top deal

PEUGEOT PARTNER LONG DIESEL

950 1.5 BlueHDi 100 Professional Premium + Van

£354.87 Per Month (inc VAT)

£3,193.83Initial Rental

  • 48 months
  • 5,000.00 miles pa

£354.87 Per Month (excl VAT)

£3,193.83 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum
In stock Top deal

PEUGEOT PARTNER STANDARD DIESEL

1000 1.5 BlueHDi 100 Professional Premium + Van

£341.46 Per Month (inc VAT)

£3,073.14Initial Rental

  • 48 months
  • 5,000.00 miles pa

£341.46 Per Month (excl VAT)

£3,073.14 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum
In stock Top deal

CITROEN DISPATCH XL DIESEL

1400 2.0 BlueHDi 145 Van Enterprise Edition

£383.12 Per Month (inc VAT)

£3,448.08Initial Rental

  • 24 months
  • 5,000.00 miles pa

£383.12 Per Month (excl VAT)

£3,448.08 + VATInitial Rental

  • 24 months
  • 5,000.00 miles pa
  • 24 month term
  • 5000 miles per annum
In stock Top deal

PEUGEOT e-PARTNER STANDARD

800 100kW 50kWh Professional Premium Van Auto

£301.63 Per Month (inc VAT)

£2,714.67Initial Rental

  • 48 months
  • 5,000.00 miles pa

£301.63 Per Month (excl VAT)

£2,714.67 + VATInitial Rental

  • 48 months
  • 5,000.00 miles pa
  • 48 month term
  • 5000 miles per annum