LEASING is a competitive market – whether you are looking for a company van or car, there are lots of companies offering deals on the internet. All of them will be different and it can be difficult to decide who to deal with.
Of course, you can take the standard approach of checking that your chosen leasing broker is a BVRLA member and is FCA regulated, but even if they are, and they hold a Data Protection Licence, it doesn’t necessarily guarantee that you will get the expertise and attention to detail that you deserve as a customer.
Any company vehicle requirement requires experience and attention to detail: it is essential for any salesperson to qualify the client’s requirements properly before any vehicle is ordered.
Finance Lease with a final balloon payment is a popular way to fund commercial vehicles
Sadly, there are reports of finance leases being advertised and even sold without properly identifying the customer’s requirements from the outset. Finance lease is different from contract hire as the risk ultimately lies with the client – if the vehicle isn’t worth the final end value figure that is pre-determined at the start, the shortfall is down to them.
Finance Lease with a final balloon payment is a popular way to fund commercial vehicles. However, problems have occurred when companies sell this product by calculating the rental working on 10,000 miles per annum, when the vehicle may actually be driving 30,000 or more miles per annum.