10 Important Things You Must Know Before Leasing a Van

Leasing a new van can be a very cost-effective way of adding a new vehicle to the fleet and replacing old, inefficient vehicles that are sapping money with repairs and maintenance.  However, there are few important things that you should know before leasing a van:

1- Get your mileage allowance right!

Getting your mileage allowance correct is essential to getting the very best deal.  Opting for lower mileage may be cheaper for your monthly payments, but if you end up with a large excess mileage charge to pay at the end of the term then this can be quickly cancelled out.  Try measuring your mileage for at least a week, but ideally a full month, to see exactly what sort of mileage you are doing and then multiply this over the full term of the lease to make sure that you choose the right option.

2- Lease Length

Think carefully about how long you want to keep your new van before you will want to upgrade again.  Choose the right lease length for you and your needs.

3- GAP Insurance

Enquire about GAP insurance.  This is a real must when leasing a van and will cover you in the case of crashing your vehicle, meaning that you won’t be left with a large unexpected payment.

4- Choosing The Right Van

It may seem obvious, but make sure you consider the right van for you before you commit as you will want to make sure that the vehicle you have chosen for the next few years covers all your needs and doesn’t leave you actually requiring another vehicle.

5- Use This As A Time To Increase Efficiency

Although it is nice to go after anything nice and shiny, use this as an opportunity to upgrade to a new van that is more fuel efficient and has lower running costs.  These fuel savings will actually allow you to offset some of your monthly costs and will effectively save you more money.

6- Consider Initial Costs

Remember, leasing a van does not just incur a monthly payment, there will also be some initial costs too associated.  Check these out and make sure you know exactly what you are paying so you can budget accordingly.

7- Look Into The Penalties

Make sure you check the penalties and terms and conditions to make sure that you will not be using your vehicle in any way that may incur additional costs or that do not suit your requirements.

8- Make Use Of The Tax Benefits

Leasing a van can have a number of tax benefits, but they are only benefits if you make use of them!  So make sure you understand the benefits and how to apply them to your accounts and make the very most of your van lease!

9- Stick To Your Budget

Work out what you can afford to pay monthly and stick to it.  By making sure that you keep within your budget you can ensure that you can simply enjoy your new van rather than worry about how you are going to pay for it.

10-  Consider Adding Maintenance Cover

Maintaining any vehicle can be expensive but more importantly it can affect cash flow as you can always guarantee a costly bill will be required when you can least afford it?  Therefore it may be worth considering adding maintenance cover to your lease so that you can budget and spread out the cost so there are no nasty surprises!

Author bio: -
Chris Paul is the Marketing Executive at First Van Leasing. First Van Leasing is the company offering low cost van leasing services on business and commercial vans.