Buy or lease? This is a very common question that will come to your mind as you prepare to invest in a new vehicle. The new vehicle could be a personal car or a van. There is always that sense of pride associated with the purchase of a new vehicle but if you think about the pros of car or van lease your decision may just tilt towards leasing. There are many websites that explain how the leasing process works. Search in Google with the keywords “car leasing made simple” and you should have enough information to go through.
In fact there is a website called car leasing made simple but when you visit that website you mostly get to see the vehicles available for lease. But this may not be something you would consider going through. What you probably want is to know about how this entire car or van lease process works. Let me try and explain in simple terms.
What do you when you go to buy a new car? You make your choice of the car and then apply for a car loan. The dealer gets one of the financial companies take care of your loan requirement and your loan is approved. You make the initial down payment and drive the car out of the showroom. Then you pay the loan amount every month till it’s finished. In the case of van lease the same procedure applies. When you read about car leasing made simple you would find this same information being produced in different ways.
Vans are hugely popular in the UK and 2013 was a great year for this commercial vehicle. The registration of new vans went up by an impressive 13.1% and the registrations reached a rather big number of 271,073 units. The most popular van in the UK remained the Ford Transit and it sold much more than the other vans. The top five was completed by, in the order of new registrations, Mercedes Sprinter, Vauxhall Vivaro, Volkswagen Transporter and Citroen Berlingo.
But along with the purchase of new vans the number of people opting for van lease also increased. Ford remained the forerunner in the lease market and it was closely followed by Mercedes and VW. In any case more commercial vans are leased than personal vehicles and there were no surprises in the market in this matter.
Hence if you plan to lease a van rather than buy it you wouldn’t be making a wrong decision. There are many that lease vans for 2-3 years and then change to a new leased van at the end of the lease. But when you read about car leasing made simple there is one point that you should focus on and that is the point on the dos and don’ts. Since most vans that are leased tend to be used vans you need to follow the same cautionary approach when you buy a used van. But get your van lease from a good dealer and you will not regret the decision.