There are lots of benefits to taking a short-term lease out on a commercial vehicle. This guide will go through the pros and the cons but overall we think you’ll overall we think you’ll love this service.
How long are short-term van leases?
The majority of our short-term van leases are on 6-month or 12-month contracts, these are fixed terms which cannot be extended or reduced in length, so it is important that you understand this before signing any agreements.
If you need a flexible short-term van solution it might be worth while taking a look at Van Subscriptions, this offers a great month-to-month arrangement on a wide range of commercial vehicles.
What is a short-term van lease?
A short-term van lease allows you to take a vehicle for 6/12 months on a fixed basis. It is just like a traditional van lease but over a shorter period of time.
By utilising these shorter solutions, it allows you to change your vehicles on a more regular basis, this can help with seasonal trends or projects that require different vehicle sizes.
The costs are higher than a 2/3 year van lease, but it is over a shorter time frame and sometimes when you factor in initial payments, they aren’t much more expensive.
Maintenance isn’t included on short-term van leases but a package can be added on for a nominal monthly amount.
Is Insurance Included?
Insurance isn’t included with any of our short-term van leases but can easily be added on to an existing fleet policy if required. You will be required to provide fully comprehensive insurance for the term of the contract.
Can Sole Traders take these vans?
For many sole-traders, having a van for their work is crucial and without it, there is no business at all. Getting a short-term van leases are available to those who are sole-taders and partnerships but there is criteria to meet as part of the underwriting.
When you apply for a short-term van lease you need to prove that you are not a credit risk. If your business is established and you have SA302’s filed with an accountant, our experienced underwriters can use these to support your application. Credit checks are carried out as ultimately the risk is you.
If you are a new business or you haven’t been trading long, it may be difficult to prove your trading status, but we can still take a look at your application and apply affordability/stability checks to help with your application, although acceptance isn’t guaranteed.
More Information
If you need any further information on our short-term van leases, please contact the team on 01332 290173 or by using the ENQUIRY FORM at the bottom of this guide.
