Nationwide Vehicle Contracts - Van Info FAQs
A guide on van leasing information and FAQ's from Nationwide Vehicle Contracts. See the full guide: http://www.nationwidevehiclecontracts.co.uk/guides/business-leasing/van-leasing
Published on: Mar 3, 2016
Transcripts - Nationwide Vehicle Contracts - Van Info FAQs
information & FAQs
Do we provide van leasing contracts
for both personal and business
Yes, although business leasing is much more common for vans
and some finance companies will not offer personal agreements
Am I eligible for van leasing finance?
As part of your leasing application, you will be asked to fill out
our online Business Finance Application Form. We’ll ask you for
details about yourself and your company, which will then be
used by the relevant finance company to determine whether you
are eligible for finance or not.
Do you provide van leasing for people
with bad credit?
Most funders ask for good to excellent credit scores. In the case
that you have been denied finance before or your company is
less than a year old then we may ask for further information.
What are the different types of
• Finance lease
• Contract hire
• Contract purchase
• Business lease purchase
How long is the lease period?
Van contracts are typically from two to four years.
Sometimes five year agreements are available.
Do you provide short term
At Nationwide Vehicle Contracts we specialise in long term
contracts; the shortest agreement we offer is 24 months.
Do you provide ‘no deposit’ van
No. We do not provide no deposit lease contracts for vans.
What vans are available to lease?
To name a few; Citroen, Ford, Volkswagen and Renault. We have
a huge range of vans at excellent prices.
How much annual company vehicle tax
will be due on my leased van?
Unlike cars, where the benefit in kind tax is variable depending
on the price of the vehicle, company van tax is fixed. For the
2015-2016 tax year, the taxable benefit for vans is £3,150 per
year, while the fuel benefit is £594 per year, making a total of
If you're in the 20% tax bracket, you'll pay £749 per year. If you're
in the 40% tax bracket, you'll pay £1,498 per year.
Please note that these figures will rise by the
RPI (Retail Price Index) from April 2016 (TBC).
Will you take my current van as a part
Unfortunately, we do not offer a part exchange service
Do you provide contracts for couriers?
We do provide contracts for couriers, although our options are
limited as to the types of vehicle we can quote for.
Do I have to have ply lining?
Ply lining must be fitted to all leased vans. This is to help protect
you from any de-hire damage charges.
Can I put my company decals on my
Of course you can. All we ask is that at the end of the term you
remove these before the vehicle is returned.
Do you provide roof racks and racking?
Absolutely! We will be happy to quote your vehicle and include
your relevant accessories.
Is tax and insurance included in you
Your van leasing agreement will include tax depending on your
contract but insurance is not included in the leasing contract.
Is maintenance included in your
Maintenance is an optional package that can be added to your
agreement and included in your monthly payments.
Do you provide breakdown cover with
a replacement van?
Many of the van manufacturers provide a roadside service
running alongside the vehicle warranty.
Will my van be covered by a
Yes. All vans leased through us are covered by the full
When will my new van be delivered?
Where possible, we try to ‘ring-fence stock’ to ensure you don’t
have too long to wait for the van you choose. Stock vans, subject
to completion of the correct paperwork and manufacturer
availability, can be delivered within 14 working days.
I do a lot of mileage - do I need a
Unless your vehicle has a Gross Vehicle Weight (GVW) of over
3.5 tonnes, no tachograph is required.
Can I change my mileage during the
Yes you can. However, you do need to have a minimum of at
least 6 months left on your contract.
What if I exceed the agreed mileage on
Any mileage over the contract is charged at the excess mileage
rate, charged in pence per mile.
Can I end my agreement early?
It is possible to end your agreement early, but you will be liable
to pay a penalty charge. The amount this is will depend on how
long you’ve got left on your contract and the finance provider.
Can I buy my van at the end of a
With the funders we use, purchasing the vehicle at the end of a
finance lease agreement is not an option.
I have heard that you charge for even a
small dent- is this true?
If you are returning your van to the finance
company at the end of your lease, it will be
inspected for damage in accordance to guides
as set by the BVRLA. If you return your van
and it has any damage that falls outside of
these guidelines, you will be liable to pay for
it in the form of lease-end penalty charges.
Looking for further information?
Check out the full guide here:
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