Best MAN Van Lease Deals for Your Business

In the world of commercial vehicles, finding the right van for your business can be a game-changer. MAN van lease options have gained popularity among entrepreneurs and companies looking for reliable and efficient transport solutions. These versatile vehicles, including the renowned MAN TGE, offer a range of features from front-wheel drive to all-wheel drive, catering to diverse business needs. With various configurations available, from panel vans to specialised models, MAN vans provide the flexibility and performance required in today's competitive marketplace.

When it comes to acquiring a MAN van, leasing presents an attractive alternative to outright purchase. This approach allows businesses to access top-quality vehicles without the substantial upfront costs. Van leasing offers flexibility in terms of finance options, including finance lease and hire purchase agreements. Moreover, it provides access to the latest models equipped with advanced diesel engines or electric powertrains, ensuring businesses stay at the forefront of automotive technology. To choose the best MAN van lease deal, companies must consider factors such as payload capacity, electric range for eco-friendly options, and the potential for part exchange of existing vehicles.

Understanding MAN Van Lease Options

MAN van lease options have gained popularity among businesses in the UK, with nearly 900,000 vans on UK roads being leased vehicles in 2021. This trend highlights the numerous benefits of leasing for companies of all sizes. MAN Financial Services offers three main leasing options for businesses looking to acquire MAN TGE vans: Finance Lease, Hire Purchase, and Contract Hire.

Finance Lease

Finance lease is a flexible arrangement that spreads the cost of a new vehicle over affordable monthly payments. Customers pay an upfront deposit, followed by monthly repayments over an agreed term, typically 24-60 months. This option provides some equity in the vehicle, with the lender retaining 2.5% ownership. Advantages include lower monthly costs than hire purchase, tax-deductible payments, and the ability to use positive equity as a deposit on the next vehicle. However, customers don't fully own the vehicle at the end of the agreement, and mileage restrictions still apply.

Hire Purchase

Hire Purchase allows businesses to efficiently own a MAN commercial vehicle by spreading the cost over a period of 12 to 60 months. This straightforward financing option involves an initial deposit, followed by equal monthly payments. At the end of the agreement, the customer owns the van outright. Hire Purchase is ideal for those looking to own their vehicle while managing their budget effectively. It offers benefits such as no mileage restrictions, the ability to reclaim VAT on the deposit for VAT-registered businesses, and the van being shown as an asset on the balance sheet.

Contract Hire

Contract Hire operates similarly to a long-term rental, offering a simple and effective way to fund any number of vans. Customers pay an initial rental followed by fixed monthly payments over a term ranging from 12 to 60 months. This option provides the advantage of driving a brand-new vehicle every couple of years without the hassle of reselling. Contract Hire also offers tax benefits, as monthly payments are tax-deductible. However, customers have no equity in the vehicle, and excess mileage and damage charges may apply.

Top MAN TGE Models for Business Leasing

The MAN TGE range offers versatile options for businesses seeking reliable and efficient commercial vehicles. With various configurations available, these vans cater to diverse needs in the transport industry.

Panel Van

The MAN TGE panel van stands out for its impressive cargo capacity. It boasts a spacious loading compartment of up to 18.4 m³, providing ample room for freight transport. Safety features include up to 14 lashing points and rails embedded in the floor, side walls, end wall, and roof, ensuring secure transportation of goods. This model is ideal for businesses requiring substantial cargo space and reliable cargo management systems.

Chassis Cab

For businesses needing customisable solutions, the MAN TGE chassis cab offers flexibility. It allows a maximum body length of 5,550 mm with a chassis cab and 4,300 mm with a crew cab. The chassis cab version has a permissible total weight ranging from 3.5 t to 5.5 t, with an additional 3.5 tonnes capacity when using a trailer hitch. This model is particularly suitable for businesses requiring bespoke vehicle configurations.

eTGE Electric Van

The MAN eTGE represents the future of urban transport. This fully electric van operates silently, making it perfect for city deliveries. It features a permanent magnet synchronous machine delivering a peak output of 100 kW (136 hp) and 290 Nm of torque. The 35.8 kWh high-voltage battery, installed under the loading compartment, ensures optimal weight distribution without compromising load space. With a real-world range of 130-140 km and a maximum payload of 950 kg, the eTGE easily handles average daily urban mileages of 60-80 km at full capacity.

Factors to Consider When Choosing a MAN Van Lease

Business Needs

Assessing business requirements is crucial before selecting a MAN van lease. Companies should consider cargo space, identifying the size and volume of goods they'll transport regularly. This helps determine the appropriate van type and size. Payload capacity is another vital factor, ensuring the chosen van can handle the weight of goods without compromising performance or safety. The frequency of use also plays a role in determining the ideal mileage allowance for the lease agreement.

Lease Duration

Choosing the right contract length is essential. It should align with business needs and growth projections. Shorter leases offer flexibility, while longer leases typically result in lower monthly payments. Businesses must be certain they can afford the monthly rentals for the duration of the agreed term, as there are often harsh penalties for early termination of most van leasing agreements.

Mileage Allowance

Estimating annual mileage accurately is crucial to avoid excess mileage charges. Leasing companies may offer higher mileage allowances for an increased monthly fee. It's important to note that the total mileage is pooled throughout the contract and doesn't have to be divided equally. Most van lease agreements include mileages from 10,000 to 30,000 miles annually.

Maintenance Package

Some lease deals include maintenance and servicing, offering peace of mind and reducing unexpected expenses. This can be particularly beneficial for businesses looking to minimise administrative work and ensure their vehicles remain in optimal condition throughout the lease term.

Benefits of Leasing a MAN Van for Your Business

Tax Efficiency

Leasing a MAN van for business purposes offers significant tax advantages. The lease payments are treated as a fully tax-deductible expense in profit and loss accounts. Companies can reclaim VAT on the lease payments, provided they are VAT-registered. For contract hire leases, businesses do not have to pay VAT on monthly finance payments. These tax benefits can result in substantial savings for the company.

Fixed Monthly Costs

One of the primary advantages of leasing a MAN van is the predictability of expenses. Businesses pay a fixed monthly rental, which remains constant throughout the lease term. This arrangement allows for better cash flow management and more accurate financial forecasting. Companies can budget confidently without worrying about unexpected maintenance bills or fluctuating costs.

Access to Latest Models

Leasing provides businesses with the opportunity to drive the latest MAN van models every few years. This means access to innovative safety features, advanced connectivity, and improved fuel efficiency. Upgrading to newer models helps businesses stay competitive and maintain a professional image. It also ensures that the company benefits from the most up-to-date technology and performance improvements.

Reduced Maintenance Worries

Many lease agreements include comprehensive maintenance packages, which can significantly reduce the burden of vehicle upkeep. These packages often cover servicing, repairs, and tyre replacements. Some even offer 24/7 roadside assistance throughout the UK and Europe. By including maintenance in the lease, businesses can avoid unexpected repair costs and ensure their vans remain in optimal condition throughout the lease term.

Conclusion

MAN van leasing offers businesses a smart way to manage their transport needs. It gives companies access to top-notch vehicles without breaking the bank, while also providing flexibility in finance options. The ability to choose from various models, including eco-friendly electric vans, means businesses can find the perfect fit for their specific requirements. What's more, leasing has a positive impact on cash flow management and allows companies to stay up-to-date with the latest automotive tech.
To sum up, MAN van leasing is a game-changer for businesses looking to boost their operations. It combines cost-effectiveness with the chance to use cutting-edge vehicles, making it an attractive option for companies of all sizes. By carefully considering factors like business needs, lease duration, and mileage allowance, companies can find a deal that ticks all the boxes. In the end, MAN van leasing offers a practical solution to keep businesses moving forward efficiently and economically.

FAQs

Can my business lease a van?
Yes, your business can lease a van, and this may bring tax advantages. If the van is used for business purposes, lease payments can be deducted as a business expense on your tax return. You might also be able to deduct the van's depreciation.
Is it advisable to lease a van for work purposes?
Leasing a work van is often a financially viable option because it usually involves lower monthly payments compared to buying a van outright. This arrangement can help improve your business's cash flow, as you're only covering the cost of using the van in smaller, more manageable payments rather than paying the full purchase price upfront.
Is leasing a van fully tax-deductible?
Yes, leasing a van is 100% tax-deductible. Since leasing means you are renting the vehicle rather than owning it, these costs are considered ongoing business expenses. You can claim back the full amount of the lease on your taxes, provided you meet all the necessary criteria.
What are the potential drawbacks of leasing a van?
One potential drawback of leasing a van is the need to estimate your mileage accurately. If you exceed the agreed mileage limit, you will incur additional charges. Similarly, any significant damage to the van during the lease period may result in extra costs for repairs or penalties.