Van leasing... Any good?

[Jonny69]

We are looking into leasing a couple of vans.

Does anyone have any experience of this?

What are the advantages over simply taking a loan out? Etc...

 

Yes to question 1

 

They are just different ways of skinning the same cat. Some allow a lower repayment, some guaranteed residuals, buybacks, mileage caps, varying terms, different deposits etc etc

 

Which, in reality make no difference to your asset, its value and how much it costs you.........the main reasons to use the above are

 

A) you can't (or don't want to) to pay for the car outright

 

B) You cant afford to pay the deposit required

 

I have yet to see a lease agreement or contract hire where it couldn't be done cheaper or for the same price but with less restrictions.

 

For instance the guy who paid an extra £400 at the end of the term will have negated any other possible saving from running a lease hire on the car. Of course it may not have been the cheapest way to buy the asset in the first place.

[Warners]

In my experience leasing works well on trades that don't hammer the vehicle, so builders, landscapers, tree surgeons, etc where you're continually loading heavy bulky items or using veh off road are not good. You'll be billed for any damage, the smallest scratch, mark, etc. As regards the tax aspect while its correct the lease/contract hire payments are completely deductable as a working expense its also worth remebering that you can depreciate an owned vehicle on paper which also helps with your tax bill......

[dig-dug-dan]

In my experience leasing works well on trades that don't hammer the vehicle, so builders, landscapers, tree surgeons, etc where you're continually loading heavy bulky items or using veh off road are not good. You'll be billed for any damage, the smallest scratch, mark, etc. As regards the tax aspect while its correct the lease/contract hire payments are completely deductable as a working expense its also worth remebering that you can depreciate an owned vehicle on paper which also helps with your tax bill......

 

I do a lease purchase and have never been penalised on damage. Having said that, I look after my vehicle and keep it in brand new condition.

In fact, the vehicle has never been inspected at the end of the agreement.

[hamdogg]

In my experience leasing works well on trades that don't hammer the vehicle, so builders, landscapers, tree surgeons, etc where you're continually loading heavy bulky items or using veh off road are not good. You'll be billed for any damage, the smallest scratch, mark, etc. As regards the tax aspect while its correct the lease/contract hire payments are completely deductable as a working expense its also worth remebering that you can depreciate an owned vehicle on paper which also helps with your tax bill......

 

 

This is what puts me off!! I've heard some stories about big bills at the end of agreement! I was looking at leasing a cabstar/grafter

[Old Mill Tree Care]

Another pertinent question is: Which lease companies have people had good results with?

 

I'm also looking at leasing.

[welwell]

I do a lease purchase and have never been penalised on damage. Having said that, I look after my vehicle and keep it in brand new condition.

In fact, the vehicle has never been inspected at the end of the agreement.

 

That's a good effort, end of lease and no inspection on a truck used for arb!!

[TIMON]

Another pertinent question is: Which lease companies have people had good results with?

 

I'm also looking at leasing.

 

 

I'm meeting with the local Northgate rep in the morning...

I'll let you know how it goes..

[Serendipity]

On a lease can you claim back a percentage of the fuel you use or is that not possible?

[5 shires]

We are looking into leasing a couple of vans.

Does anyone have any experience of this?

What are the advantages over simply taking a loan out? Etc...

 

Wasn't huge jackman and Kate beckinsale in that? O Sorry that was van healsing:laugh1:

[RichieR]

It wasn't Hugh Jackman it was Hertz Van Rental