For short-term needs, renting a van is usually the most convenient choice, but for medium- to long-term needs, a lease is usually the best option. Leasing a van is almost always the best value for money for those looking to keep hold of the vehicle for anywhere up to five years.
Leasing, also known as contract hire, is an arrangement in which you make pre-determined monthly payments over a defined length of time, usually 24-60 months. A deposit – or initial rental – is usually paid upfront to begin the contract hire deal, and the bigger the deposit, the less the monthly payments will tend to be.
Leasing a van differs from purchasing one outright in that you do not at any point own the vehicle. PCP, meanwhile, is a middle ground option that allows you the option to buy a vehicle come the end of the agreement via the balloon payment - you could also return it or get another vehicle on a fresh contract – with contract hire, only those last two options are available.
Van contract hire lets enjoy the benefits of driving a brand-new van without ever owning it. There’s no capital to outlay, no large sum to finance, and it is not a depreciating asset sitting on your books.
Instead, you can get behind the wheel of a new van you need for an affordable fixed monthly payment. You can hand the vehicle back at the end of your contract and start a new contract for a brand-new van.
At Stoneacre, we can structure any Contract Hire van deal around your requirements. This allows you to specify an agreed annual mileage allowance that will work for your business needs.
Plus, we offer maintenance packages with our van contract hire deals, which means you don’t need to worry about servicing and maintenance either, as it’s all taken care of as part of the overall contract.
If you’d prefer the security of ownership, then why not take a look at our van hire purchase and van business contract purchase options.