As a businessman, you always want to expand your business operations as far as possible; expanding your fleet is also a part of your business expansion program. The first thing comes in your mind regarding fleet expansion is to acquire new vehicles which requires a huge sum of money. In this deteriorating economic situation, it is not easy for a small business owner to go for full expansion. Van contract hire is a good option to acquire new vehicles and not putting too much burden on your budgetary allocations. Most of you are thinking why we should go for van contract hire rather than buying our own vehicle. There are numerous advantages associated with leasing vans and cars.
We cannot deny the fact that new vehicles lose their value very quickly. According to a study, vehicles lose 80% of their value between the purchase and their final sale. On the other hand, if you opt for van contract hire, you need to sign a hire agreement which usually covers an extended period of 24-60 months. The basic cost is mainly links with the mileage that the vehicle covers. It also allows the user to calculate the cost of van contract hire because it normally depends on the number of miles the vehicle is supposed to cover.
Van contract hire not only easy to maintain but also cost effective. The leasing company will also pay the taxes and also cover you for maintenance and servicing as well as breakdown. If you exclude the servicing and maintenance costs then leasing company will offer you vehicles on preferential rates.
Perhaps the main benefit of contact leasing is that it is less expensive than buying the vehicle outright as the monthly expenses on van contract hire is less than the emi of loan taken for vehicle purchase.
Oriel Vehicle Leasing specializes in funding solutions for Cars Leasing, Lease Vans, Commercial Vehicles, Plant and Machinery as well as Van Contract Hire for business users and private individuals.