Contract hire vans are a great option for businesses. Leasing is a cheaper way of securing a new van than actually buying it. There are also several other perks which add to the attraction of business contract hire. But in order to gain the best deal it is important to shop around before choosing your new vehicle.
Before hiring a van on a business contract deal it is important to first decide on what you actually want. The van must meet your business needs. As business contract hire is cheaper than buying the vehicle outright or through a loan deal you may choose to secure a high specification model. Then you need to decide how long you want the lease period to last. These are usually between a year and 60 months. If you are not too bothered about changing the van over the short term than the longer leasing period may suffice.
A deposit has to be paid before taking out a business contract van hire deal. While the cost of the monthly leasing payments are important, you may wish to shop around to find a company who charge competitively when it comes to deposits.
One important thing to consider is the annual mileage you expect to run while leasing your van. The advantage of this mileage cap is that you will effectively be paying for the van only when it is in use. On the downside you face extra charges if the agreed mileage is exceeded. However, some contracts do allow you to change the cap during the term of the lease.
Business contract van hire does offer other benefits. Most leasing companies offer full manufacturers warranty on the vehicles. Many business contract hire deals also offer roadside assistance in case of breakdown for at least part of the leasing period. Free delivery and collection of the van is usually available on British mainland. The cost of the road fund licence is also included during the period of the deal.
So long as you consider your options, choosing a business contract hire van could be the best way for your company to gain the use of a new vehicle.