As well as ID, proof of address and meeting the minimum required age of 18, you'll need to provide details about your business such as the company name, company address, and registration number. You’ll also go through a credit check.
If you’re a new business without much financial history, you might also be required to provide a bit more, such as bank statements and/or a director’s guarantee.
Van lease deals can be had for under £200 on lower spec models like the Nissan Townstar, or up to around £900 per month for higher-end, more specialised vans.
Of course, the price isn’t just determined by the van itself. If you adjust the filters to select your preferred deposit, mileage, lease length etc, the price will go up or down accordingly.
A van lease is 100% tax deductible so long as you use the van for business purposes only. But if you use it for both personal and business use, you’ll still be able to reclaim up to 50% of the tax.
The usual minimum contract term for a van lease deal (or any lease deal) is 1 year, though there may be certain leasing companies that specialise in shorter-term leases.
You do of course have cancellation rights to end your lease early at any point. However, doing so will incur a fee that’s usually equivalent to 50% of your remaining lease payments – so the closer you are to the end of your agreement, the better.
March and September tend to be when lease deals are at their cheapest. That’s because the majority of new vehicle models are released during these months, meaning manufacturers will often offer promotions including lower monthly payments or other perks. Plus, new registration plates come out during these months, meaning you’ll probably benefit from one of those too.
December can also be a good month, because it’s a final chance for manufacturers to hit their sales targets and clear out their inventory for next year’s models.