It’s not all cars here at CarLease UK! Our team also offer a variety of van deals and school minibus leasing deals to customers too. Like the car leasing industry, van leasing has grown considerably over the last 5 years, as van drivers move away from purely cash purchases for their commercial vehicle requirements.
When leasing a van you will be most likely be offered one of two financial products:
1. Contract hire – this is a usership agreement which is based on a fixed term contract for 2, 3 or 4 years and which is based on your annual mileage. As part of the contract hire agreement you will have the option to have a driver-maintained agreement (you are responsible for all servicing, tyres and maintenance) or you can have a funder-maintained agreement (the cost of servicing, tyres and maintenance is included). Contract hire is not a purchase style agreement and so you cannot purchase the vehicle at the end of the contract. This is ideal if you are a person, or company, who does not wish to own your commercial vehicles; or
2. Finance lease – this is an ownership style agreement which allows the customer to build up equity in a vehicle. With a finance lease you make an initial rental and pay monthly rentals in the same way as contract hire. However, at the end of the contract there is a final rental (balloon) which the customer must satisfy in order to own the vehicle. A finance lease arrangement on a van is suitable for those customers who do want to own the vehicle at the end of the contract. However, unlike PCP, you must purchase the vehicle – this is not an optional payment.
The van shown here is for one of a our major fleet customers, Appliances Online, who we have worked alongside for nearly 7 years. The customer needed a small cost-effective van which could operate between their various warehousing sites. With credible options including the Citroen Berlingo, Ford Transit Connect and VW Caddy, we reached a decision based on overall cost and quality. As a high-mileage leasing customer (the van will be covering 30,000 miles per annum) including a funder-maintained package was a simple addition.
Peugeot PARTNER L1 DIESEL 850 1.6 BlueHDi 100 Professional Van [non SS], the customer elected for the following configuration:
With the cost of all servicing, tyres and maintenance (plus breakdown) being included, it ensures our customer can stay mobile and concentrate on running a multi-national plc. In cases of low-mileage leasing, you may not need the funder-maintained package.
· Solid – Bianca white
· Curitiba cloth – Grey
· 15″ steel wheels
· Ply Lining
As standard the van includes tinted glass, 180 degree unglazed rear doors, side sliding door on the left (passenger), rear parking aid, cruise control, Peugeot connect, hill start assist, navigation system, air conditioning, cloth upholstery, alarm and immobiliser, plus pack, rear load area light and cloth upholstery.
On the technical-side, the 1560CC 5 speed engine delivers 100ps which offers combined MPG of 65.7, 0-62 times of 15.3 seconds and CO2 of 112g/km. Service intervals are every 12 months or 18,000 miles whichever is sooner.
Find the best commercial vehicle lease deals on the Peugeot Partner over on our sister website VanLease.uk.com by clicking here.