How Can Financing a Van Fleet Aid My Business?
If your business is expanding, then you may be considering investing in a fleet of vans. A van fleet offers you the resources to meet higher demands and complete your business tasks with more efficiency, making this an invaluable investment.
Buying a whole van fleet is, however, a rather costly feat. Thankfully, you have the option of fleet finance. Read on as we discuss how financing a van fleet can benefit your business.
Create a Fleet for Less
We’re sure you’re well aware of the benefits that having access to a fleet of vehicles can offer you; more vehicles allow you to meet more business demands, business operations become more streamlined and efficient, you can reach a wider scope of business without worrying about your vehicle being out of action – it’s clear that owning a van fleet is indispensable when growing your business.
Of course, financially, this isn’t the most feasible. Unless you opt for financing, that is. Financing offers you a flexible, cost-effective way to create a van fleet, since you simply pay a deposit followed by a fixed monthly payment to secure the use of the vehicles, which also makes it easier to manage your business’s cash flow.
Easier Fleet Maintenance
Financing your fleet also saves you money and hassle when it comes to fleet maintenance. Commercial fleet management can be an expensive affair, one which requires immense organisation to stay on top of – especially when it comes to maintenance and repairs.
When it comes to fleet financing agreements, however, most of these often include scheduled maintenance within the contract, with an additional maintenance package being available as an optional extra included in your monthly repayments.
On top of that, by leasing a fleet of new vans, you’ll be less likely to encounter significant mechanical issues and will also benefit from comprehensive warranty coverage. All of these factors help to reduce the costs you’d need to pay in the event that repairs were needed.
Another financial benefit fleet finance offers your business is the tax advantages that come with it. Assuming that you’ll use the vehicles in your fleet solely for business, then you should be able to claim back a portion of the VAT on your lease payments, as well as deduct the lease costs as an allowable business expense in your annual tax return.
These benefits can result in substantial savings that put your business in a stable financial position and allow you to invest in other areas of your business, all while you still get to reap the benefits of operating a fleet of vehicles.
We do strongly recommend that you speak with a tax advisor or accountant to fully understand the potential tax benefits that would be available to your business specifically.
Get in Touch
So, are you looking for unbiased opinions and expert advice on arranging a fleet to suit your needs, along with competitive financing options? If so, then you’ve come to the right place here at Vanaways.
We have access to most manufacturers’ makes and models of vans, which we are available to offer to you at an affordable price through a range of financing options – if you’re looking for the best deals, Vanaways is where to find them.
Get in touch with us today to speak to an expert about your options.