Van fans: Should you lease or should you buy?
Our tyres are firmly in the leasing lane. Our motto is ‘Click, Lease, Go!’ But, our advice can be neutral.
What’s the Difference Between Leasing and Buying a Van?
Let’s try to define and differentiate the two terms:
- Leasing: You pay monthly to use a brand-new van for a set term (typically 2–5 years). When the lease ends, you hand it back. o sell it.
- Buying: You own the van outright after purchase or once your loan is paid off. It’s yours to keep, modify, or sell whenever you like.
Why Choose Leasing?
Here are 5 reasons leasing makes sense for many van drivers:
1. Less Cash Upfront
If you’re buying a brand-new van outright, you’ll need a sizable wedge of cash to put down. Leasing, on the other hand, lets you hit the road with as little as one month's lease fee upfront.
2. Access to the Newest Vans
Leasing gets you the latest van models with all the modern tech, fuel efficiency, safety features and warranties that mitigate secondhand gambles.
3. Fixed Monthly Costs
Know exactly what you’re paying every month. Choose one with road tax and breakdown cover, so there are no surprise bills to derail your budget.
4. No Depreciation Worries
Vans lose value fast. Fact. Even more so if you’re clocking up miles for business. Yet, with leasing, depreciation isn’t your problem. You’re only paying for the van’s use during your term.
5. Hassle-Free Upgrades
When your lease ends, just hand the van back and pick a shiny new one. No selling, no haggling, no stress.
Why Choose Van Buying?
For some, outright ownership is the way to go. Here’s why:
1. It’s All Yours
When you buy a van, it’s yours to customise and keep for as long as you want. A coffee shop on wheels or a converted camper - it’s your call.
2. No Mileage Limits
Leases often come with mileage caps, which isn’t ideal for drivers with unpredictable or high-mileage needs. Buying offers complete freedom
3. Long-Term Savings
If you plan to keep your van for many years, buying can be cheaper in the long run. After it's paid off, it’s all yours with no monthly costs.
| Feature | Leasing | Buying |
| Upfront Cost | Lower | Higher |
| Monthly Payments | Lower, fixed | Higher, may vary |
| Ownership | No | Yes |
| Depreciation Risk | None | Your responsibility |
| Mileage Limits | Yes | No |
| Upgrades | Easy, every few years | Harder, requires selling |
Who Should Lease a VAN?
The type of person who:
- Wants the latest van without the commitment.
- Prefers a predictable monthly budget.
- Drives a set number of miles each year.
- Values convenience and ease of upgrading.
Who Should Buy a VAN?
The type of person who:
- Needs full ownership and flexibility.
- Drives high or unpredictable mileage.
- Plans to keep the van for many years.
- Likes customising or modifying their vehicle.
Drive Summit Special
We want our customers to come back. That’s why we try to treat you right from the outset and find you something special to drive.
Whether you're hauling tools or delivering parcels, van leasing allows for flexibility and control over your costs. Deals can be done on both personal and business leases, with offers on all the latest models and makes, on terms tailored to suit you.
Click, Lease & Go with Summit Drive!