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What is the point of van rental, when you have van leasing?

Sunday Jan 31, 2010

The most common question that both myself and my colleagues are asked is how to make the choice between leasing or renting a new van. What are the significant benefits of taking a lease compared with a standard rental agreement?

The answer is quite simple. When you lease a van you get to choose which van you have, from the extensive range of familiar makes and models. It is possible to choose which colour you want, what options and specifications and size that is suitable. As a customer, you would be spreading your payments monthly over an agreed period which is going to be cheaper than renting. It is becuase the finance company knows exactly how much money it will be earning from the customer because of the customer’s committment to the deal.

Because we have such a high turnover of vans, we can get the best possible prices, and pass them straight to the customer. This means lower costs at the start, helping to improve the customer cash flow. The customer has the option as well to own or sell the van at the end of the van leasing deal.

There is also an added bonus of being able to use your own logo on the van and also add extras such as interior racking and roof racks.

Alternatively, with rental you can pay your rental charge each month and have nothing to show for it at the end of the period. This for me is the least attractive of all the options on the table, and is less helpful for any business.

To find out more, see our ‘financed explained’ section on our website which covers topics such as van leasing UK and pick up truck leasing.

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