Van leasing/hire
Discussion
Looking into leasing 1 or 2 vans for my business, whats the best way to go about it? we're looking to rent a couple around the renault traffic size, and pay monthly, on a 2 or 3 year lease. How does it all work with deposits etc?
Also, can you get insurance included with things like this? For instance, anybody over 17 with a licence etc
cheers for any help guys
Also, can you get insurance included with things like this? For instance, anybody over 17 with a licence etc
cheers for any help guys
ralphk said:
Looking into leasing 1 or 2 vans for my business, whats the best way to go about it? we're looking to rent a couple around the renault traffic size, and pay monthly, on a 2 or 3 year lease. How does it all work with deposits etc?
Also, can you get insurance included with things like this? For instance, anybody over 17 with a licence etc
cheers for any help guys
PM me and I will be pleased to assist you with the best deals. I've sourced lots of Renault Trafic and Vauxhall Vivaro in the past for clients. Also, can you get insurance included with things like this? For instance, anybody over 17 with a licence etc
cheers for any help guys
Eric Mc said:
Check out the new tax rules for owned assets as well before making a final decision. The Capital Allowances on purchased assets are now VERY good (100% write off against profits allowed on Capital Expenditure up to £50,000 in financial year).
would that mean if we were to buy the vans on some sort of finance, it would all count as expenses? I thought the new rule excluded vehicles thoughIf you "buy" the vans using bank loans or HPs you can claim 100% allowance in the year of purchase provided the total qualifying Capital Expenditure in the year does not exceed £50,000. This Allowance applies to "Plant and Machinery" which includes vans and other commercial vehicles but specifically not motor cars.
Hi there,
When looking to rent a vehicle there are a few things that you need to keep in mind like:
It's important to research any car you lease. Many leased cars come with warranties. Check carefully to determine if the warranty is a true extended coverage warranty or just the remainder of the car's original warranty. When considering a car lease, get a list of what's covered and what isn't in writing from the van contract hire/car contract leasing company. It's unadvisable to lease a car without a warranty. Car warranties usually only cover major mechanical breakdowns. Repairs are not covered by a warranty and are your responsibility. Obtain the car's VIN number and try to trace the cars history through CarFax or a similar company. Have the car inspected by an independent third party to ensure the car is in good condition.
Research the market value of the car and negotiate with the dealer for the best price before leasing. Understand the market value of the car before you negotiate your lease. Understand the following leasing terms and how they will affect your lease: money factor, residual value, up-front fees, lease terms and lease-end fees. Thoroughly read the leasing contract and understand your contractual obligations. If you are leasing a new car, you only pay for the depreciation and interest while you possess the car. Since you are not financing the total cost of the car, payments are much more economical.
The selling price of a car is important since it helps determine how much you will pay for your lease. The lower the cost of the car the lower the payments. Car lease payments are determined by the difference between the selling price of the car and the car's expected residual value at the end of the lease. You should negotiate the selling price for a car lease just as you would if you were purchasing a used car. Some cars depreciate faster than others. It's important to choose a car that depreciates slowly when considering a car lease. Cars with slow depreciation get better leasing rates and terms. When depreciation is low, the car will have a higher residual value which makes monthly payments lower.
Hope that helps, bye
When looking to rent a vehicle there are a few things that you need to keep in mind like:
It's important to research any car you lease. Many leased cars come with warranties. Check carefully to determine if the warranty is a true extended coverage warranty or just the remainder of the car's original warranty. When considering a car lease, get a list of what's covered and what isn't in writing from the van contract hire/car contract leasing company. It's unadvisable to lease a car without a warranty. Car warranties usually only cover major mechanical breakdowns. Repairs are not covered by a warranty and are your responsibility. Obtain the car's VIN number and try to trace the cars history through CarFax or a similar company. Have the car inspected by an independent third party to ensure the car is in good condition.
Research the market value of the car and negotiate with the dealer for the best price before leasing. Understand the market value of the car before you negotiate your lease. Understand the following leasing terms and how they will affect your lease: money factor, residual value, up-front fees, lease terms and lease-end fees. Thoroughly read the leasing contract and understand your contractual obligations. If you are leasing a new car, you only pay for the depreciation and interest while you possess the car. Since you are not financing the total cost of the car, payments are much more economical.
The selling price of a car is important since it helps determine how much you will pay for your lease. The lower the cost of the car the lower the payments. Car lease payments are determined by the difference between the selling price of the car and the car's expected residual value at the end of the lease. You should negotiate the selling price for a car lease just as you would if you were purchasing a used car. Some cars depreciate faster than others. It's important to choose a car that depreciates slowly when considering a car lease. Cars with slow depreciation get better leasing rates and terms. When depreciation is low, the car will have a higher residual value which makes monthly payments lower.
Hope that helps, bye
Edited by orian on Thursday 17th July 11:35
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