Thinking about buying a new van? Finance options such as leasing are a great way to afford brand new vans from all the major car manufacturers. A lot of people now lease vehicles instead of buying them, this way you can budget a monthly amount as opposed to saving up a large sum or using credit cards. If you are thinking about leasing a van, then you might be wondering what to look for? What is a lease, why should I do one, and what are the benefits?
In this article, we will explore the 5 most important things to check when opting in for a van lease and what a lease actually is, that way you can rest assured that you are prepared to get the best out of your leasing deal.
If you need expert advice on leasing vans, contact a specialist dealer that offers leasing. Crusader Vans and many other van dealerships specialise in lease options for brand new vans.
1. Check the Lease Period
The lease period is the amount of time that you will be leasing the van for, this can be anything from 2 to 4 years. Most people opt for a 3-year lease as it offers a happy medium between affordability and practicality, however, shorter or longer leases are available depending on your needs.
2. Check the Annual Mileage
The annual mileage is how many miles you are allowed to drive the van in a year, this number is important as if you go over the agreed amount then you will be charged per mile. The average person drives around 12,000 miles a year, so it's important to make sure that the van you are leasing can accommodate this.
3. Check the Maintenance Costs
One of the benefits of leasing a van is that maintenance costs are usually included in the price, however, it's always important to check as some companies might not include this in their lease. This means that you could be faced with high bills for servicing and repairs, so it's best to be safe and check before you sign on the dotted line.
4. Check the Insurance Costs
Similar to maintenance costs, insurance is usually included in the price of a van lease. But it's important to check as some companies might not include this, leaving you with an expensive bill. Make sure that you are fully insured before you drive the van off the forecourt.
5. Check the Residual Value
The residual value is the amount of money that you will have to pay at the end of the lease period if you decide that you want to keep the van. This is important to know as it will give you an idea of how much the van will be worth at the end of the lease.
Now that you know what to look for when leasing a van, you can be sure that you are getting the best deal possible. Keep these points in mind and happy driving!
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