Van Leasing For Ltd Companies
A van lease for your limited company means that you can pay for your new van with manageable monthly payments without necessarily owning the van after the contract ends.
- Sourced
- Financed
- Delivered
Why Leasing Is Well Suited For Ltd Companies
Van leasing is one of the most popular ways of financing and sourcing a van for Ltd companies. This is because you decide on the initial payment (which is usually 3 months upfront), which then determines the overall price that you will pay each month to lease a new van.
You then have access to a new van every few years, and you have the option of whether you want to own the van at the end of the contract or return the van to get a new van.
Length of Term for LTD Companies
The average van leasing contract for Ltd companies is 3 years, but you have the choice of 2 to 5 years depending on your requirements.
The length of your contract and the amount that you decide to pay for your initial payment determine the amount that you pay for your monthly repayments, as well as the APR of your van lease deal.
We advise you on a fully accurate price based on your initial payment amount and your chosen van or vans before you agree to the contract.
Benefits of Van Leasing for VAT-Registered Ltd Companies
VAT-registered Ltd companies have additional benefits in that they can claim VAT back on all of the costs associated with your van lease deal.
This makes van leasing a better option for companies that are VAT-registered and a great solution for expanding your fleet when you do get to the stage of VAT registration.
Sole traders may still be VAT-registered. If you are not VAT-registered, then you will not be able to claim the VAT back on your payments.
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Van Finance Leasing for Ltd Companies
Finance leasing is another option for Ltd companies and is a good solution for those who don’t want to purchase a van after the contract ends, obtain new vans every couple of years and don’t want to be responsible for maintaining the vehicle.
During this contract, you become the ‘lessee ’, with the finance lender becoming the ‘lessor’. The ‘lessor’ will then purchase the asset for you and lease it to you during the duration of your contract.
What is the Benefit?
This form of leasing is great for Ltd companies who may not have the capital to purchase a new van outright and don’t want to have the risks of a van breaking down and affecting their business operations.
You have lower monthly payments, low up-front costs and the same tax advantages as the other forms of van leasing.
Warranty
Enjoy piece of mind with a full manufacturers warranty on all new vans
Fast UK Delivery
We offer fast UK delivery so you can enjoy your new vehicle right away
Price Promise
We ensure you get the most competitive quote on the market
Convenience
We save you time by sourcing, financing and delivering your new vehicle
Tax Benefits & Cash Flow Benefits for Ltd Companies
There are specific tax benefits when you choose to lease a van through your Ltd company. As well as being able to claim back VAT as a VAT-registered Ltd company, monthly lease payments are 100% deductible. They count as business expenses, which therefore lowers your company’s taxable profits each year whilst you expand your fleet and business operations. So with a 25% Corporation Tax Rate, every £1000 of lease costs has an effective net cost of £750 and so forth.
Van leasing also has great cash flow benefits for Ltd companies. You pay for your van with manageable monthly payments, and if you need to lease more vans, the terms are very flexible, in being able to sign additional lease deals and source vans that you need when your business is expanding. The terms of your van lease deal are firm when you choose your contract, but you can leave the contract early for whatever reason, which comes with a penalty fee for early termination.
Contact Our Team
If you are a limited company looking to lease a van, then don’t hesitate to contact our expert team.
Our dedicated van leasing specialists based in Bristol, will work closely with you to find the perfect vehicle that suits your requirements.
You can learn more about Universal Vans by visiting our about us page here.
We offer an extensive range of van leasing deals, delivered to any location within the UK. Our services extend to cities like London, Bristol, Liverpool, and areas across Wales.
