Contract hire, or leasing, is one of the most convenient and affordable ways to obtain a new car, van or truck for your business. There is an initial rental (often called a 'deposit') that you'll have to pay in month 1 of your agreement, followed by equal monthly payments for the agreed period of time (two to five years). Vehicle lease payments are generally less than other types of finance which is exactly what makes van leasing deals so popular in the UK.
Leasing is also different from other forms of vehicle finance because you are effectively renting the vehicle and you do not own it after making all of your payments. As a result, there are no risks associated with ownership, such as depreciation. At the end of your lease agreement, the vehicle is handed back to the funder and you're free to choose your next one.
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GUIDE TO VEHICLE LEASING
Please get in touch if you need any help or if you'd like a quote on your chosen van leasing deal.