Most Interesting Findings
If you want to drive the latest van than contract hire, as opposed to purchasing, is an excellent and affordable choice. To purchase a brand new van is a big expense to the business, if buying outright or acquiring via a loan. But by taking out a van contract hire deal, you have the use of the latest models for a set a period, for a fraction of the cost of purchasing it as the monthly fee you pay will be less than that than the cost of a loan.
When taking out contract hire agreement you will have to pay a deposit which is usually the equivalent of three month payments. But you can choose to pay a larger deposit, thereby reducing your monthly payments.
The advantage of van finance is that you will be paying for a van or pick up truck, as this includes pick up truck leasing, which you know will be used regularly and not just sit in a garage. This is because all of the contract hire agreements have a built in clause for mileage usage. You are only required to commit to a deal for mileage that you expect to do per annum. If you know that your expected mileage is going to be low, you can sign up to lower mileage deal for less cost. If you feel that the van will get a lot of use, then you can opt for higher mileage package.
On top of the financial advantages available with leasing agreement, contract hire also has a few extra benefits:
•If you sign an agreement for a set period of time, your company will not be paying any longer than necessary.
•Depending of which type of deal that you choose, once the contract has finished, you can give the van back, continue the agreement or buy the van.
•Road tax is included in the deal and, depending on the company you are dealing with, free delivery and collection can also be arranged.
•You will be covered by a full manufacturers warranty.
Tags: pick up truck leasing, van contract hire, van finance
Posted in Leasing · March 20th, 2010 · Comments (0)
No comments yet