New Ford Transit Van Lease Deals

Ford van leasing offers a number of benefits over purchasing a Ford van outright. These can include:

• Lower monthly payments
• Predictable budgeting
• Access to the latest technology
• Reduced maintenance costs
• No stress about loss of value

To lease a Ford van from First Step you need to meet a few criteria:

• Have a good credit score
• Lease for at least 12 months
• Be over 18
• Have suitable ID

The cost of leasing a Ford Van depends on a few factors, including:

• The model
• The length of the lease

For a detailed quote, get in touch with our team today.

In the UK, both “van leasing” and “van contract hire” refer to methods of obtaining a van for business use without purchasing it outright. However, they have distinct features and differences:

Van leasing generally refers to a broad category of vehicle rental agreements that can include various types of contracts. There are two main types of van leasing:

Contract Hire: This is the most common form of leasing, often synonymous with “van leasing” in general terminology. It involves renting a van for a fixed period (typically 2 to 5 years) with set monthly payments. At the end of the contract, the van is returned to the leasing company, and the business can choose to lease a new vehicle.

Finance Lease: In this arrangement, the business pays to lease the van over an agreed period, usually with lower monthly payments compared to contract hire. At the end of the term, the business can either continue to use the van by paying a nominal fee, sell the van to a third party, or enter a new lease agreement.

Key Differences:

Ownership: With a finance lease, the business can potentially keep the van by paying a nominal fee or selling it to a third party, whereas with contract hire, the van is always returned to the leasing company at the end of the term.
Payments: Finance lease payments can be lower than contract hire payments because the business might eventually sell the van or continue using it with an additional fee.

Flexibility: Contract hire offers more predictable costs with maintenance often included, while finance leasing provides flexibility regarding the van’s end-of-term options.

Van contract hire is a specific type of van leasing and is one of the most popular options for businesses. It includes:

Fixed Monthly Payments: The business pays a fixed monthly fee for the use of the van.

Maintenance Packages: Often includes options for maintenance and servicing as part of the monthly cost.

No Depreciation Worries: The leasing company takes on the risk of the van’s depreciation.

Return at End of Contract: The van is returned at the end of the hire period, and the business can opt to lease a new van if needed.

Mileage Limits: Contracts usually have mileage limits, with extra charges if exceeded.

The choice between van leasing and van contract hire depends on several factors:

Budget: If fixed, predictable costs are crucial, contract hire might be the better option.

Ownership: If you want to own the van or benefit from its resale value, a finance lease might be more appropriate.

Mileage and Usage: If your likely to do a lot of miles, ensure that the contract term is aligned with your business needs to avoid any excess mileage charges.

Both options allow businesses to use a van without the significant upfront costs associated with purchasing, making them popular choices for keeping costs down.