Comparing Van Leasing Deals for the Best Value: A Comprehensive Guide for UK Businesses

Selecting the right van leasing deal for your business can be daunting, especially with the variety of brands, models, and leasing options available in the UK. In this comprehensive guide, we will explore the world of van leasing, compare top brands and their offers, and provide you with essential tips to secure the best value for your investment.

Van leasing, also known as contract hire, is a popular and flexible option for businesses in the UK. It allows you to drive a brand-new vehicle without purchasing it outright, thus preserving cash flow and reducing financial risk. The main benefits of van leasing include the following:

• Fixed monthly payments
• No depreciation risk
• Access to the latest vehicles and technology
• Flexibility in contract terms and mileage allowances
• Option to include maintenance and servicing in the contract

At Silverstone Leasing, we are a multi-brand provider offering van leasing solutions to local and national UK businesses. With an extensive range of brands and models, we are confident you will find the perfect vehicle to suit your business needs.

Types of Van Leasing Deals

Regarding van leasing, there are two main types of contracts: Contract Hire and Finance Lease. Let's take a closer look at each option:

Contract Hire

Contract Hire is the most popular form of van leasing. In this arrangement, you rent the van for a fixed term, typically between 24 and 60 months, and make monthly payments throughout the contract. At the end of the period, you return the van and can lease a new one.

Benefits of Contract Hire include:

• Low initial deposit
• Fixed monthly payments
• No depreciation risk
• Flexibility in contract terms and mileage allowances
• Option to include maintenance and servicing in the contract

Finance Lease

Finance Lease is an alternative to Contract Hire and is more suitable for businesses that may require more flexibility or intend to own the vehicle at the end of the contract. In a Finance Lease, you pay monthly instalments for the van. At the end of the term, you can either sell the vehicle and keep the proceeds (minus any outstanding finance) or continue to use the van by paying a small annual fee called a "peppercorn" rental.

Benefits of Finance Lease include:

• Low initial deposit
• Flexible contract terms
• Option to own the vehicle at the end of the term
• No mileage restrictions

Factors to Consider When Comparing Van Leasing Deals

When comparing van leasing deals, it is essential to take the following factors into account to ensure you secure the best value for your business:

1. Leasing type: Choose between Contract Hire and Finance Lease based on your business's needs and long-term plans.

2. Initial deposit: This is the upfront payment required at the start of the contract. It usually ranges from three to six times the monthly payment. A lower initial deposit may be more attractive but can lead to higher monthly payments.

3. Monthly payments: Ensure you can afford the fixed monthly payments throughout the contract term. Remember that a lower initial deposit may result in higher monthly payments.

4. Mileage allowance: Estimate your annual mileage accurately, as exceeding the agreed limit can result in additional charges.

5. Contract term: Choose a suitable contract length, typically between 24 and 60 months. A longer-term can lead to lower monthly payments but may limit your access to newer vehicles and technology.

6. Maintenance and servicing: Decide if you want to include a maintenance package in your contract which covers routine servicing, repairs, and tyre replacements. This can help you manage your overall costs more efficiently.

7. Residual value: This is the estimated value of the van at the end of the lease term. A higher residual value can lead to lower monthly payments.

Comparing Popular Van Brands

In this section, we will compare some of the most popular van brands available at Silverstone Leasing to help you make an informed decision. Remember that the best value is not necessarily the cheapest option; it's the deal that meets your business's specific needs at the most competitive price.

Fiat

Fiat is a well-known Italian brand that offers a diverse range of commercial vehicles, including the compact Fiorino, the versatile Doblo, and the spacious Ducato. Fiat vans are known for their fuel efficiency, innovative design, and attractive price points, making them popular for businesses in various sectors.

Key models to consider:

• Fiat Fiorino
• Fiat Doblo
• Fiat Ducato

Ford

Ford is a leading global automotive manufacturer with a strong presence in the UK van market. Their extensive lineup includes the compact Transit Courier, the best-selling Transit Custom, and the large Transit. Ford vans are known for their durability, reliability, and advanced technology, making them an excellent choice for businesses of all sizes.

Key models to consider:

• Ford Transit Courier
• Ford Transit Custom
• Ford Transit

Great Wall

Great Wall is a Chinese brand that has entered the UK market with its Steed pickup truck. The Steed is a budget-friendly option for businesses looking for a practical, robust, affordable vehicle for work and leisure purposes.

Key model to consider:

• Great Wall Steed

Hyundai

Hyundai is a South Korean brand that offers the H-1 panel van and the H350, a larger van suitable for various commercial applications. Hyundai vans are known for their modern design, comfortable interiors, and competitive pricing.

Key models to consider:

• Hyundai H-1
• Hyundai H350

Ineos

Ineos is a newcomer to the automotive industry, with their Grenadier 4x4 vehicle designed to cater to the needs of businesses needing a rugged, off-road capable van. The Ineos Grenadier combines classic design with modern technology, making it an attractive option for a reliable and versatile workhorse.

Key model to consider:

• Ineos Grenadier

Isuzu Trucks

Isuzu Trucks is a Japanese brand specialising in medium to heavy-duty commercial vehicles. The Isuzu N-Series and F-Series are known for their robust build quality, reliability, and fuel efficiency, making them a popular choice for businesses needing dependable transportation solutions.

Key models to consider:

• Isuzu N-Series
• Isuzu F-Series

Isuzu

Isuzu is renowned for its durable and dependable pickup trucks, such as the popular D-Max. The Isuzu D-Max is a versatile vehicle with excellent towing capacity, off-road capabilities, and a comfortable cabin, making it a favourite among businesses requiring a robust and reliable workhorse.

Key model to consider:

• Isuzu D-Max

Iveco

Iveco is an Italian brand specialising in commercial vehicles, including the Daily van and the Eurocargo truck range. Iveco vehicles are known for their powerful engines, advanced technology, and comfortable cabins, making them an excellent choice for businesses needing reliable transportation solutions.

Key models to consider:

• Iveco Daily
• Iveco Eurocargo

MAN

MAN is a German brand that offers a range of commercial vehicles, including the TGE van, which shares its platform with the Volkswagen Crafter. The MAN TGE is known for its robust build, comfortable cabin, and advanced technology, making it an attractive option for businesses seeking a dependable and efficient van.

Key model to consider:

• MAN TGE

Maxus

Maxus is a Chinese brand that offers the Deliver 9 van and the eDeliver 3 electric van. Maxus vans are known for their competitive pricing, spacious interiors, and a range of customisation options, making them an attractive choice for businesses seeking value for money.

Key models to consider:

• Maxus Deliver 9
• Maxus eDeliver 3

Negotiating the Best Deal

Once you have compared various van brands and models and identified the best option for your business, it's time to negotiate the best deal. Here are some tips to help you secure the most competitive pricing:

1. Shop around: Obtain quotes from multiple leasing companies to understand the market prices and use this information to negotiate better terms.

2. Be flexible: Consider different contract lengths, mileage allowances, and maintenance options to find the best value for your business.

3. Timing is key: Leasing companies often have end-of-quarter or end-of-year targets, making them more likely to offer discounts during these periods.

4. Ask for extras: Negotiate for free delivery, complimentary accessories, or extended warranty benefits.

5. Compare total costs: Look beyond the monthly payment and consider the overall cost of the lease, including the initial deposit, maintenance, and any end-of-contract charges

6. Establish a relationship: Build a rapport with the leasing company representative and express your interest in a long-term business relationship. This may encourage them to offer better deals to secure your loyalty.

7. Be prepared to walk away: If a leasing company is unwilling to negotiate, do not hesitate to explore other options. There is always a chance they will come back with a better offer.

Comparing van leasing deals for the best value is a critical process for businesses in the UK. By understanding the different leasing contract types, considering factors such as initial deposit, monthly payments, and contract terms, and comparing popular brands like Fiat, Ford, Hyundai, and more, you can make an informed decision and secure the best deal for your business.

Remember that the cheapest option is not always the best value. Focus on finding a van leasing deal that meets your specific business needs at a competitive price. With a comprehensive range of brands and models available at Silverstone Leasing, we are confident that you will find the perfect vehicle to suit your business requirements.

By following the tips and advice outlined in this guide, you will be well-equipped to negotiate the best van leasing deal and confidently drive your business forward.

Van Leasing Deals for the Best Value FAQs