Useful Tips To Help You Get The Most Out Of Your Van Lease |
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Mack Goodwin
7 December 2012
Most people think that having your own van means buying it yourself; however, there are also other options available to help you get the van that you need, and one of these options is leasing. There are various ways to lease a van and each one comes with a different set of terms, rates and even length of rental period.
One type of lease is the contract hire. This type of van lease allows you to hire the vehicle on a long-term basis, and payments are made for every month of use. The amount that you are charged will be based on the amount of driving that you will do using the van, which is measured using the mileage and value of the vehicle. In addition to mileage and the van's value, other factors that will influence your rental fee include the length of the rental period and the resultant depreciation at the end of use. Finding a good leasing company and the right type of van may be overwhelming, especially since there are a large number of van leasing companies available these days. To help you choose the right company and car to drive, here are a few tips to help you get the most out of your van contract hire:
1) Assess your needs beforehand. This is easily one of the most important things that you must do to get a good deal. Knowing what you need will keep you from paying for services and features that are not absolutely necessary. Keep in mind your purpose for leasing a van: Will you be using it to transport large objects or do you simply need one for daily driving? If you need to move objects from time to time, a larger van may be necessary; however, for regular driving, smaller vans will be enough. Renting a large van when you don't need it may rack up not only rental costs, but also fees on petrol and maintenance.
2) Compare quotes from various leasing companies. Once you have chosen a specific van model and the features that you need, the next thing you have to do is compare quotes for the same type of van from different companies. It's important to be consistent in your comparisons as rates are different for different brands and models of vehicles. In addition to rental fees for vans, also compare rates for other features, such as insurance, maintenance and late penalties.
3) Clarify details with chosen companies. There are certain details that may not be clearly indicated on a leasing company's website or advertisement, such as the coverage for maintenance fees and insurance. In addition to these, make sure to ask details about payment terms: a company may appear to have low payment fees only because they ask for a sizable upfront fee. It's best to know how taxes, surcharges and other extra fees figure into your monthly rental payments.