| Just why is van leasing so popular with businesses? | | | | restrictions on the amount of mileage you can choose |
| Precisely what additional benefits does a company | | | | to do each year. |
| realise when compared with the traditional van | | | | For business owners that are not registered for Value |
| ownership? | | | | Added Tax and would like to have the use of a new |
| For companies registered for VAT, contract hire is | | | | vehicle and eventually take ownership of it, then lease |
| very tax efficient. Initial outlay is kept to a minimum | | | | purchase may be a very good option for you. |
| freeing up additional funding for marketing or | | | | A van leasing agreement can be set up whereby |
| recruitment of additional personnel to help drive the | | | | ownership of the van transfers to you, your company |
| business forward. | | | | or your business at the end of the lease period in |
| With Lease 4Less, for example, you can even get the | | | | return for what is sometimes called a “balloon” |
| vehicle maintenance included in the agreement. The | | | | payment. This balloon payment is calculated based on |
| single monthly rental costs are also recognised by | | | | the anticipated market value of your van at the end of |
| HMRC as a legitimate business expense and are | | | | your van leasing agreement. |
| therefore tax deductible throughout the term. | | | | It is clear, then, that the multiple benefits of van leasing |
| It is also worth mentioning at this time that contract hire | | | | are tangible. Consider them more carefully and make |
| agreements usually restrict the amount of annual | | | | your informed decision. You might reflect that it is more |
| mileage before you become liable for additional | | | | difficult to think of a list of persuasive drawbacks |
| payments so be sure to check this out before entering | | | | associated with van leasing. Van leasing is not perfect |
| any agreement. | | | | for all businesses, but it is a good solution for many |
| As a van owner, you would not of course, have any | | | | businesses, depending on their specific context. |