Box Van Financial Lease

A box van is the ideal commercial vehicle for transporting goods or materials over short or medium distances. Unfortunately, box vans are usually not cheap, and purchasing one represents a significant investment. There are therefore various financing options available, including a box van finance lease. This allows business owners to drive a box van without having to pay for it in full straight away. In this blog, we explain how a finance lease works and why a finance lease for a box van is a good choice.

How does financial lease work?

A finance lease is a form of financing that is very similar to buying a vehicle on hire purchase. You can start using the vehicle straight away, whilst you do not have to pay for it in one go, but can pay it back in instalments. With a finance lease, you also become the economic owner of the vehicle immediately, whilst the leasing company remains the legal owner. The amount of the monthly payment depends on various factors, including the entrepreneur’s deposit, the term of the contract, the interest rate, the final instalment and the purchase price of the box van. Once the lease contract expires and all payments have been made, you become the proud owner of the box van.

Why a box van financial lease?

There are several reasons to opt for a financial lease on a box van. Firstly, it is a good choice if you do not have the funds to purchase the box van outright. A financial lease allows you to spread the costs over a longer period, thereby maintaining your financial flexibility. Secondly, a finance lease allows you to benefit from various tax advantages, including interest and investment deductions and the option to reclaim VAT. Furthermore, a finance lease helps you maintain liquidity within the company, enabling you to invest in other areas that are important for the growth of your business. Finally, you have control over the monthly amount you pay, through the choices you make regarding the term, deposit and final instalment. This allows you to tailor the contract to suit your specific wishes and needs.

Conclusion

Buying a box van is usually a significant investment. That’s why it’s good to know that there are various financing options available, including a finance lease. With a box van finance lease, you can start driving the vehicle straight away, without having to pay for it all at once. The advantage of a financial lease for a box van is that you can spread the costs over a longer period, benefit from tax advantages, retain liquidity within the company for other investments, and largely tailor the lease contract to your own requirements. So, if you’re looking for a good way to acquire a box van, a financial lease is an excellent option.

The Mobility Financier

• Financial lease without annual figures
• A contract within 24 hours
• Specialised in commercial vehicles