Van leasing is a type of business contract hire, which is a credit agreement between a trading business and a vehicle finance company like PJ Leasing.
Unlike finance purchasing or buying a vehicle outright, the driver does not own the vehicle but pays only the depreciation in value of the vehicle during the term of the contract. This makes leasing a more cost-effective and hassle-free method for businesses to have their service vans or a company fleet.
Are you qualified for van leasing?
Businesses big and small can choose long-term van rental from PJ Leasing. Whether you are a sole trader, partnership, public company or limited company, you may be eligible for our business lease deals!
Our van lease contracts are more suited to established companies, however start-ups can still apply given that they are willing to accept amended contract terms.
Benefits of business contract hire
In general, businesses can save a considerable amount of time and money from contract hire. Commercial vehicle leasing offers numerous financial and operational benefits including:
- Better cash control. Since your business is only paying for the depreciation of the vehicle over the lease term, your total transportation expense is much lower than when you take out finance repayments on a fleet or purchase service vans. This helps your business free up more cash to spend on other areas.
- No need for fleet administration. All administration of the vehicles throughout your lease term are handled by the leasing company. So you don’t need to spend valuable resources to do this in-house.
- Repayments as a company expense. Whether or not the vans you lease exceed the CO2 emissions limit, you can recoup all or a percentage of your rental payments against tax.
- Higher ROI. Technically you don’t own the vans you lease, hence they are not counted as assets of your business. In effect, your company’s return on investment will increase considerably.
As you are essentially paying the depreciation in value of the van, the best way to get the best prices possible is to choose a van model or make which holds its value well over time.
PJ Leasing supplies a range of commercial vehicles for lease, from standard panel vans to minibuses.
Here at PJ Leasing, we have helped businesses save time and money by supplying their vehicles at competitive costs. Plus, we provide professional advice and assistance to ensure a seamless transaction. Our customers understand that contract hire is much cheaper than purchasing in terms of whole life vehicle costs.
Our contract hire deals are based over three (3) years, with full maintenance and servicing including tyres and 24-hour breakdown service. Get a quote today!