Can you help me? I am looking for a van for my building company. I have not leased before and not sure which one would suit me? I am vat registered. Ideally I would need to get boards 2, 4 metres long, although I am quite prepared to have a roof rack. I also need a side exit. I do not do a lot of mileage, around 8/10 thousand per year. I would prefer six forward gears and also some heavy materials that I do not want something that is underpowered. My budget is about £170/180 per month excluding vat, any ideas?
Our expert Gary answered...
Hi Les, thanks for your question. We would be more than happy to give you advice on a van for your building company. Some of our more popular larger vans are the Ford Transit, Citroen Relay or Peugeot Boxer, all of which have side loading doors. Alternatively, you could opt for a smaller van and we would be more than happy to fit roof bars or a full roof rack, and include the cost into the monthly rentals. There is very little difference between small, medium or large vans in monthly payments, so try to go for as big as you can, as you wouldn’t want to turn any work down because your van isn’t big enough. Lease payments are calculated on mileage, so we recommend that you should be as realistic as possible on what mileage you will do. As you’re VAT registered a Contract Hire would have some tax benefits for you. You could reclaim up to 100% of the VAT on all maintenance charges, the lease rental the fees, and finance element for commercial vehicles. Something to consider, is what you would like to happen at the end of the contract? For instance, would you want to return the vehicle, sell the vehicle and benefit from any equity, or keep it? With Contract hire when you return the vehicle the funders will charge for damage that is over and above what is acceptable under the BVRLA’s Fair Wear and Tear Guide, so it would be wise to think what condition the vehicle will be in at the end of the contract. Our leasing periods can be from 2 years to 5 years, and typically most of our customers find that their initial payment is equivalent to 3 rentals in advance but, depending on circumstances, it could be as low as 1 rental in advance. I will arrange one of our experienced account managers to contact you and discuss your options further.
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