Have you decided to invest in a van? Then you must be thinking whether to buy or lease a van? You are justified in asking this question because both of these options are entirely different from each other. No matter how much you want to own the van, if you decide to buy it, you will have to make a heavy deposit and then pay by monthly payments for a few years before you can actually claim it.
If you have planned to lease a basic or luxurious van because you like to change the van after a few years, there you can try van leasing no deposit. Leasing a van must suit you if you like to change your van or want it for a temporary period. One more good thing about it that you do not have to worry about the maintenance of the van. Some providers offer packages for maintenance of the vans in case of break down. It also includes repair and fixing.
If you plan to lease a van, you do not have to submit a large sum as a deposit. After that, you only have to fulfill costs of monthly payments that will remain fixed throughout the duration of the lease. When you are paying for the lease of your van, you can claim 100 VAT on the payment.
On tax return, it counts as rent expense and not a personal property, therefore, the tax amount is less.
Leasing will not burden you with a financial responsibility and be pressed with resource management. Lease van will not be accounted as your asset and will not be included in any court action in case of debt.
If you are a travel-loving or recreational person, leasing will put limits on mileage at the end of the lease term. In case of violation, there can be charges.