Commercial vans: is it really worth leasing?

Van leasing is a new trend today. Business owners on a budget will find this option particularly lucrative apart from purchasing a large fleet of vans. However, whether leasing a van is an option for you or not is a matter of decision. Well, leasing a commercial vehicle would cost you half the purchase price.

Although the initial cost of leasing is less than the payment made when buying, this may not be the case in the long run. Also, renting vehicles gives you no ownership rights and you end up with no equity value for the investment you make.

Even after these downsides, you just can’t deny how many benefits van leasing can offer. You may know that vehicles depreciate in value over time. And this depreciation is included in the lease. At the end of the term, you know how much the van should be worth. If you choose to lease, you have the option to change your vehicle and lease a new one. This way you can avoid using a depreciating asset.

For individuals who are considering owning a commercial van but are short of funds, van leasing can be a great option for them. No deposit is required when leasing a van. But even if this is the case, rest assured that the amount would be small. Also, you can drive a hefty price tag and a better equipped van that you may not be able to afford.

When you lease, you ensure that you are driving a redesigned van that is covered by the manufacturer’s warranty. If you’re wondering whether or not your van is going to be in good shape, let most vans know. But there are also exceptions. You just need to check with the vans before leasing them.

That being said, leasing a vehicle helps you upgrade your vehicle to newer models every few years. And this is definitely an important consideration when you have a transportation company. Regardless of the option you choose, both usually come with some extensive warranties that cover general repairs. However, by leasing a vehicle, you can at least ensure that you own your coveted van.

Whether you lease a van or not depends on your needs and your business type. New entrepreneurs into the transportation business will prefer to lease a vehicle, while established entrepreneurs may want to own a fleet of vans forever.