Van leasing is a long-term rental agreement offering the exclusive use of a van or pick-up truck for a set period of time. At the start of a contract, the customer pays an initial rental, followed by a series of monthly payments for a period of 2, 3 or 4 years. At the end of the contract, the van is handed back to the finance provider without any further obligations, leaving the customer free to lease or purchase another vehicle.

Over the past few years, van leasing has grown increasingly popular with sole traders, partnerships and limited companies as it offers an alternative, often cheaper funding solution to buying a new van with a bank loan or dealer finance. With a van lease agreement, the customer also doesn’t have to worry about depreciation or selling the van as this responsibility lies with the finance provider.