WHEN you run a business, there are many things that you need to consider. If you work in the sort of industry that requires a van – such as the building or the electrical industry – then you might be considering purchasing one of these. Purchasing a van can be very expensive and if you are a relatively new business then you might not want to make the big commitment right away.
The good news is that you can actually lease company vans for long periods of time but at the end of the rental period you will give the van back and you can decide whether or not you want to lease another. In this article, we are going to take you through five reasons why you should lease your company van so keep reading if you’d like to find out more.
One of the most important reasons why you should lease your company van is the fact that you’ll get a new vehicle that will work well for everything you need to do. You can choose from popular brands like Ford or Mercedes-Benz and you will be driving around a brand new van in no time. Not only will this give a better impression of your company to your clients, but it will also mean that you’ll save on repairs and other issues that older vans might encounter.
Spread the cost
If you are running a fairly small business, you might not be able to afford to fork out for a new van or for any sort of van at all. With van leasing, you can spread out the cost and only pay rentals for the van in smaller monthly amounts. This will allow you to budget your spending and you won’t be starting off your new business in even more debt. You should browse online for some more sites about van finance if you want to know more about spreading out the cost of your new van.
Sick of paying too much tax on your small business? When you lease your company van, you can actually claim up to 100% of the VAT when it comes to the monthly payments. Your business will need to be a VAT-registered business and you will need to only use the van for the business itself. When you are filing your tax return, you can also claim back the cost of the lease rentals as an expense .
Less to worry about
Depending on the type of business that you run you might find that you rely on your van to keep your business running and any issues will affect your profits. With a leased van, there is a lot less to worry about. You won’t have to get an MOT if the van is less than three years old and it won’t have been used so it will last a lot longer without needing repairs. You need a van that you can rely on and so you should make sure to lease one so that you can spend your time worrying about the other aspects of your business.
The final reason why you should lease your company van is to benefit from the technology advances. When you lease a van, you are getting a new van and you can choose from some of the best brands around right now. Wouldn’t you like to benefit from the advances and see how they can improve the way that you conduct your business? Don’t commit to buying a used van that is not going to be useful in a few years’ time. Stay on top of the technology and lease a van today.
Leasing a company van is not as expensive as you might think and if you choose to take out a lease you could be benefiting a lot. Make sure to consider all of the different tax benefits that you will be able to take advantage of if you lease a van as these can actually save you a lot of money. Leasing a van is also great for your company’s image as your clients will be more impressed by your new van than the one that is falling apart. Think about how important your van is to your business and consider the fact that you might need a van that you can rely on without having to worry when it is going to break down. Have a look at some of the van leasing deals that are available online today if you want to reap the benefits.