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Van Leasing Questions

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Latest questions answered by our experts

  • on contract hire if the van gets a few scrach,s or dents ,will the insurance cover this or are you liable , ,can you recomend which insurance to take

    Gary Lemon

    Our expert Gary answered...

    Hi Sean If you're thinking of leasing a van then you would have to have fully comprehensive insurance as stipulated in the T's&C's . So, unless specifically excluded then your insurance would cover you for dents and scratches. However, what...

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    Question asked 16/09/2013
  • What happens if your van is stolen when the company terminate your contract,i returned the keys and cancelled the insurance then a few weeks later they went to pick up the vehicle and it had been stolen.the police were informed who is liable? Regards Thomas

    Gary Lemon

    Our expert Gary answered...

    Hi Thomas Without knowing which finance company it was and the individual circumstances i can only take a guess. My best guess would be that within the T's and C's of the contract you had ,it would be down to you to make sure that whilst the...

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    Question asked 05/08/2013
  • Hi Andy, if I finance lease a refrigeration van from you, do I have the option to purchase the van at the end of the lease.

    Gary Lemon

    Our expert Gary answered...

    Hi Anthony On a finance lease you dont get the opportunity to buy it. However you can keep the van at the end of the Finance Lease agreement. If there is a residual payment that would need to be paid, you either repay that in one lump sum OR,...

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    Question asked 11/08/2013
  • Can a private individual lease a truck at the same rates ?

    Gary Lemon

    Our expert Gary answered...

    Hi Mark A private individaul can lease a truck for the same rates. BUT bare in mind that you wont be able to reclaim the Vat you pay on the monthly payments

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    Question asked 11/08/2013
  • Thinking of trading in my Fiesta Sportvan, on reading the new brochure the dealer sent me it says that most of the fiesta van range is vehicle excise duty free, to clarify this i phoned the dealer who said that no commercial vehicle is road tax free, regardless of emissions, could you help ? , why have Ford printed that in their Fiesta van brochures ? Thanks Tony

    Gary Lemon

    Our expert Gary answered...

    Hi Tony, firstly thanks for the question, secondly apologies for taking so long to get back to you . It doesn't happen often but, your query certainly had a few people scratching their heads . So, having done the same as you and checking the...

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    Question asked 25/01/2013
  • I'm looking at leasing the Ford Transit connect fridge van but need a thermal printer in the cab section so we can provide our clients with confirmation of meat temperature at time of delivery. Do you offer this option and if so what is the cost??

    Gary Lemon

    Our expert Gary answered...

    Hi Anne-Marie, this is certainly an option we can offer and we have a supplier that specializes in these. We can add the cost of the thermal printer into the monthly lease rental for you. The cost will vary depending on whether you want the...

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    Question asked 09/08/2012
  • Hi andy i am about to start my own courier buisnes as a sole trader.My question is am i better renting or leasing a van ........many thanks mark

    Gary Lemon

    Our expert Gary answered...

    Hi mark Renting a van is normally done on a short term basis, typically a van rental company will only rent out the vans they operate for around 45% of the time available, when you take that into account along with the cost of insuring multiple...

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    Question asked 14/08/2012
  • Hi Andy,I am registered as a sole trader and am just starting up on my own.Have just been informed that i need to be in business for two years and provide accounts before anyone will consider me for a finance lease deal.Is this correct and if so is there another way round it? Thanking you. Tommy Milligan.

    Gary Lemon

    Our expert Gary answered...

    Hi Tony and thanks for the question. The information you have been giving is NOT correct. As a sole trader you are in fact trading as a self employed individual, so Tommy Milligan Trading As etc. As such any credit application would be based...

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    Question asked 13/08/2012
  • I am about to start a new job for which I can choose a company car or car allowance, also I can be PAYE or self employed. I could choose a company Prius with low BIK payments, they will pay an additional per mileage amount to cover fuel, or I thought of leasing a double cab pick up. I believe I can claim tax relief on the lease payments but do I need to be self employed to do this or is it allowed for PAYE, and does it also apply if I am paid a car allowance. Also, can I claim the difference between the 45p/20p mileage rate against tax if I am paid a car allowance. I will be a 40% tax payer.

    Gary Lemon

    Our expert Gary answered...

    Hi Martin Firstly, yes you would need to be self employed to claim the lease rentals against tax. If you are paid a car allowance and are employed, this will be treated as normal salary for Tax and NI purposes. If you are employed, the current...

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    Question asked 06/05/2012
  • Hi Andy , if I finance lease a pick up aside from claiming vat on the deposit and monthly fee can I offset any of the costs against corporation tax similar to writing down allowances with a HP agreement ? The vehicle would be strictly business use only with personal mileage only to and from work.

    Gary Lemon

    Our expert Gary answered...

    Hi Adam The answer is yes you can claim the excluding VAT costs against Corporation Tax as you have correctly suggested. I would however check you BiK (Benefit in Kind) position carefully. As you mentioned Corporation Tax, I’m assuming...

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    Question asked 05/05/2012
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