May 18, 2024

Van Finance – Know Your Service Provider

When you approach a Van Finance company for purchasing a van for your commercial or your business use, you should make certain that you understand your van finance deal fully. Lack of complete understanding of the terms and conditions of your van finance offers can result in unnecessary confusions and unpleasant scenarios down the line. If you do not want to experience such issues, you need to invest enough time to understand the entire deal before you sign the agreement.

You need to deal only with reputed service providers so that you could rely upon them 100%. Ensure that you have selected a company that is fully regulated by the British Vehicle Rental and Leasing Association (BVRLA). Do not think that it is not important to pay attention to such details. If you do not want to get into any risks or issues when leasing your commercial vehicles, you need to be highly cautious and you should proceed only after establishing that your van finance company has a clean history. 

Does the company deal with vans that are in stock or do they book the vans after you sign up with them? Do not go by presumptions here; do not sign up any contracts before you have ensured the status of the vehicle availability. There are many van financing services in the UK, but not all of them are made equal. It is your responsibility to find a company that is honest and reliable.

Does your van finance company deal with all the popular vans for commercial use, such as Ford Transit Custom Sport and VW Transporter Sportline? Click here to learn more about the available commercial van options. When you are purchasing a van for your commercial use, you would definitely want to lease a van with all the latest features so that you are not required to replace your van within a short time after leasing it for the want of better features. 

Does the van leasing company take care of the delivery of the van or do you need to take care of it? What is the maximum mileage allowed per year? Is there any penalty if the maximum mileage is exceeded? It is important to have clarity on these matters before you sign up for your lease so that you know what you are getting into. If the terms and conditions are not clear, then you must make it a point to have all your doubts clarified before you proceed. 

Always pay attention to the fine print before signing the lease contract. If there are any hidden charges or fees, you will often spot them in the fine prints. Ignore them at your own risk. 

Will the van finance company take care of the van upgrades or custom van modifications? It would prove to be useful to find a company that takes care of van customisation services so that you are not required to look for a different company to take care of your customisation needs. 

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