Cool Stuff at WotsKool!

Business fleet managers have enjoyed the benefits of leasing their commercial vehicles for a long time. But now, many sole traders are taking advantage of some outstanding van leasing and contract hire deals and, for many, these are making the difference between staying in business and going under.

The benefits to business of leasing over outright purchase are well known. Importantly, for the small business person, the fixed, known monthly payments enable them to forecast their monthly expenditure accurately. Also, the initial payments are much less than is often expected when buying a van or commercial vehicle using a bank loan.

Van leasing contracts can include all maintenance costs and often will include road tax and other optional extras such as breakdown rescue and even replacement vehicles in the event of a problem.

Mr Saunders, a self employed carpenter, said:

“I desperately needed a new van but my cash flow was bad due to some customers not paying up on time. I thought I’d have to stop trading but then I found out about the advantages of leasing over buying and now I have a brand new Mercedes Sprinter on an affordable van leasing contract. It has truly saved my business.”

As well as the clear cash flow advantages leasing also brings a number of tax benefits which can be beneficial to the sole trader, particularly if they are registered for VAT.

So, before you go and take out another bank loan for a second hand van on outright purchase, do yourself and your business a favour and check out the latest van leasing deals. You will be pleasantly surprised to find what you can get for your money.