Renault Vans Finance

Choosing the right financing option for Renault vans has an impact on a business’s bottom line and operational efficiency. With various choices available, from hire purchase to contract hire and leasing deals, finding the best Renault vans finance solution requires careful consideration. Businesses looking to upgrade their fleet or acquire new vehicles can benefit from exploring the diverse range of options offered by Renault vans dealers and direct financing platforms.

This article delves into the world of Renault vans finance, comparing different models suitable for business use and examining key factors to weigh when financing a Renault van. It also highlights the advantages of leasing for businesses and provides practical tips to secure the most favorable finance deal. By understanding these aspects, companies can make informed decisions to optimize their vehicle investments and support their growth objectives. Official Site

 

Renault Vans Finance

When it comes to financing a Renault van for business use, there are several options available. Each has its own advantages and considerations, allowing businesses to choose the most suitable solution for their needs. Let’s explore the main finance options offered by Renault: See all Renault Vans

Flexible Renault Finance Options

PCP has become increasingly popular in recent years, accounting for more than three-quarters of all new car finance agreements. This flexible option allows businesses to: See all Renault vans for sale

1. Pay a deposit
2. Make lower monthly payments compared to other finance methods
3. Have three choices at the end of the agreement:
   • Trade in the van for a new model
   • Pay a final balloon payment to own the van outright
   • Return the van with nothing more to pay

Van PCP works by financing the van’s depreciation rather than its full price, resulting in smaller monthly payments. However, there are some factors to consider:

• Mileage limits apply, with charges for exceeding the agreed limit
• The van must be kept in good condition to avoid additional charges
• A large final payment is required to own the van at the end of the agreement

Hire Purchase (HP)

Van Hire Purchase is a traditional way to finance a Renault van. With this option:

1. The cost is split into an initial deposit and fixed monthly payments
2. At the end of the agreement, the business owns the van outright

HP offers several benefits:

• No mileage restrictions
• No charges for damage to the van
• Available for both new and used Renault vans
• Flexibility to sell or keep the van at the end of the agreement

However, HP typically has higher monthly payments than PCP because the entire value of the van is being financed. It may not be ideal for businesses that want to change their van frequently.

Contract Hire (CH) Renault Vans Finance

Van Contract Hire is essentially a long-term rental agreement. This option allows businesses to:

1. Pay an initial deposit (usually equivalent to three monthly payments)
2. Make fixed monthly payments for the duration of the contract
3. Return the van at the end of the agreement

Contract Hire has several advantages:

• Access to a van at a relatively low cost
• Option to add maintenance packages
• Flexibility in contract length (typically 24 to 60 months)
• Tax benefits, as rental payments are allowable against corporation tax

However, there are some limitations:

• Annual mileage caps apply, with charges for exceeding the limit
• The business doesn’t own the van at the end of the agreement
• Early termination fees may apply

When choosing a finance option for a Renault van, businesses should consider factors such as cash flow, tax implications, and long-term plans for vehicle ownership. Each option has its merits, and the best choice depends on the specific needs and circumstances of the business. See all Renault van lease deals

Comparing Renault Van Models for Business Use

Renault offers a range of commercial vehicles designed to meet the diverse needs of businesses. Each model has its unique features and advantages, catering to different professional requirements. Let’s explore the key characteristics of Renault’s van lineup:

Renault Kangoo Renault Vans Finance

The Renault Vans Finance , Renault Kangoo has established itself as a versatile small van, ideal for businesses that require agility and efficiency in urban environments. Available in petrol, diesel, and 100% electric versions, the Kangoo Van provides flexibility in powertrain options to suit various operational needs.

 

 

Key features of the Kangoo include:

1. Payload capacity of up to 1000kg
2. Load volume of up to 4.2m3
3. Improved loading facilities
4. 20 driver-assistance systems

The Kangoo E-Tech 100% electric model offers an impressive range of 186 miles (WLTP), making it a practical choice for businesses looking to reduce their carbon footprint without compromising on performance.

For businesses prioritizing fuel efficiency, the diesel engines in the Kangoo lineup comply with the new EURO6 DFULL standard. The Blue dCi 95 engine, for instance, combines efficiency with driving pleasure, offering 260 Nm of torque and a 6-speed manual gearbox.

Renault Trafic Renault Vans Finance

The Renault Vans Finance, Renault Trafic is a medium-sized van that has an impact on businesses requiring more substantial cargo capacity without sacrificing maneuverability. It has gained recognition for its versatility and efficient design.

Notable features of the Trafic include:

1. One of the longest load lengths in its segment (up to 4.15m in extended wheelbase version)
2. Load volume of up to 8.6 cubic meters
3. Maximum payload capacity exceeding 1,200kg
4. Efficient diesel engines with twin-turbo units providing strong low-end torque

The Trafic’s load-through bulkhead and extended load length in longer versions offer flexibility for carrying longer items, making it a versatile choice for tradespeople and businesses with varied cargo needs.

Renault Master

The Renault Master represents the largest offering in Renault’s commercial vehicle lineup, catering to businesses with substantial cargo and towing requirements. It has entered a new era of efficiency with its aerodynamic design and improved performance.

Key attributes of the Master include:

1. Payload capacity of up to 1,625 kg
2. Towing capacity of 2,500 kg
3. Largest sliding side door in its category
4. Available in both diesel and 100% electric versions

The Master E-Tech 100% electric model stands out with its impressive range of up to 285 miles and rapid charging capabilities. It can recover 80% of its range in just 38 minutes using a public rapid charger, making it a compelling option for businesses looking to transition to zero-emission vehicles.

For businesses requiring long-distance capabilities, the diesel version of the Master comes with a new hydraulic dynamic braking system and aerodynamic design to enhance efficiency.

All Renault van models prioritize driver comfort and productivity, featuring:

• Driver-oriented dashboards
• Comfortable individual seats
• Mobile office capabilities (where applicable)
• Ample storage space (up to 135 L in the Master)

Additionally, Renault vans come equipped with modern technology features such as:

• OpenR link multimedia system with a 10″ screen
• Smartphone integration
• Voice command capabilities through Google Assistant (in select models)
• Advanced driver assistance systems like park assist and blind spot warning

By offering a diverse range of vans with varying capacities and features, Renault provides businesses with options to select the most suitable vehicle for their specific needs, whether it’s urban deliveries, trade services, or long-haul transport.

Factors to Consider When Financing a Renault Van

When considering financing options for a Renault van, businesses need to evaluate several key factors to ensure they make the most suitable choice for their specific needs. These factors have an impact on the overall cost, tax implications, and operational flexibility of the vehicle acquisition.

Budget and Cash Flow Renault Vans Finance

One of the primary considerations when financing a Renault van is the impact on the company’s budget and cash flow. Different financing options offer varying levels of financial commitment:

1. Personal Contract Purchase (PCP): This option typically requires a deposit, followed by lower monthly payments compared to other methods. At the end of the agreement, businesses have the flexibility to trade in the van, pay a final balloon payment to own it outright, or return the vehicle.
2. Hire Purchase (HP): With HP, the cost is split into an initial deposit and fixed monthly payments. While this option may result in higher monthly payments than PCP, it leads to outright ownership of the van at the end of the agreement.
3. Contract Hire (CH): This long-term rental agreement usually involves an initial deposit equivalent to three monthly payments, followed by fixed monthly lease payments. It offers lower upfront costs and can be more cost-effective than buying outright or using HP.
4. Finance Lease: This option allows for flexibility through variable deposit options and the ability to offset a proportion of the vehicle cost as a final ‘balloon payment’, resulting in reduced monthly rentals and a positive effect on cash flow.

When evaluating these options, businesses should consider:

• The amount of deposit they can afford (minimum deposits may apply)
• The duration of the agreement (typically ranging from 2 to 5 years)
• The possibility of trading in a previous vehicle
• The option of no deposit in some cases (e.g., with subscription models)

Tax Implications Renault Vans Finance

The tax treatment of van financing has a significant impact on the overall cost to the business. Different financing methods offer varying tax advantages:

1. Capital Allowances: When buying a van outright or through HP, businesses can claim capital allowances. This allows them to subtract a portion of the van’s value from their business profits before calculating tax, effectively reducing their tax liability.
2. VAT Reclaim: Companies can claim the full VAT on the van’s purchase price when buying outright. For vans costing more than £2,000 when purchased new, even flat rate VAT accounting can be claimed in full.
3. Rental Payments: With Contract Hire, the monthly rental payments are typically allowable against corporation tax. Additionally, VAT-registered businesses can reclaim VAT on the rentals (50% on cars, 100% on Light Commercial Vehicles).
4. Finance Lease: This option allows businesses to offset the whole rental amount against taxable income, with the possibility of reclaiming tax relief on rentals depending on business usage.

It’s important to note that if the van is used for personal journeys as well as business use, there may be additional tax implications, such as benefit-in-kind charges.

Mileage and Usage Renault Vans Finance

The anticipated mileage and usage of the Renault van are crucial factors to consider when choosing a financing option:

1. Mileage Limits: Some financing options, such as PCP and Contract Hire, come with annual mileage limits. These typically range up to 25,000 miles per annum. Exceeding these limits can result in additional charges.
2. Unlimited Mileage: Hire Purchase agreements often offer unlimited mileage, which can be beneficial for businesses with high or unpredictable mileage requirements.
3. Usage Flexibility: Options like subscription models allow businesses to switch vehicles if their needs change, providing greater flexibility in terms of usage.
4. Maintenance and Servicing: Some financing options, particularly Contract Hire and subscription models, may include maintenance, servicing, and even breakdown cover in the monthly payments.

By carefully considering these factors – budget and cash flow, tax implications, and mileage and usage – businesses can make an informed decision when financing a Renault van. It’s advisable to consult with a financial advisor or accountant to fully understand the implications of each option based on the specific circumstances of the business.

Benefits of Leasing a Renault Van for Your Business

Lower Initial Costs

Leasing a Renault van has an impact on a business’s financial flexibility by requiring a lower initial cash outlay compared to purchasing a vehicle outright. This approach allows companies to preserve their capital for other operational needs and growth opportunities. When leasing, businesses typically only need to make a small upfront payment, which can be as low as three monthly payments in advance. This reduced upfront cost is particularly advantageous for startups and small businesses in the UK, where cash flow management is crucial for survival and expansion.

Moreover, leasing eliminates the need to borrow the entire value of the vehicle, as companies are only paying for the use of the van over a specific duration. This results in lower monthly installments compared to purchasing a van on finance. The reduced borrowing amount also increases the likelihood of securing finance approval, even for relatively new limited companies.

Fixed Monthly Payments

One of the key advantages of leasing a Renault van is the predictability it brings to business finances. Leasing agreements typically involve fixed monthly payments that remain consistent throughout the lease term. This consistency allows for better budgeting and cash flow management, as businesses know exactly what they will be paying each month. The fixed cost structure enables companies to plan their expenses more effectively and allocate resources to other areas of their operations.

Additionally, leasing often includes optional servicing, maintenance, and tire packages, which can be incorporated into the monthly payments. This comprehensive approach brings all running costs into one package, further simplifying financial planning and reducing the administrative burden associated with vehicle ownership.

Easier Upgrades Renault Vans Finance

Leasing a Renault van provides businesses with the flexibility to adapt to changing needs and stay current with the latest vehicle technology. Unlike purchasing a van outright, leasing allows companies to upgrade their vehicles more frequently, typically every 2-5 years. This regular renewal cycle has several benefits:

1. Access to newer models: Businesses can drive the latest Renault van models with cutting-edge features and technologies. This has an impact on operational efficiency and helps maintain a professional image when interacting with clients.
2. Improved fuel efficiency: Newer models often come with enhanced fuel efficiency, which can lead to significant cost savings over time.
3. Enhanced safety features: Regular upgrades ensure that businesses have access to the most up-to-date safety technologies, protecting both drivers and cargo.
4. Adaptability to business growth: As a company expands or its transportation needs change, leasing allows for easy transitions to different van sizes or configurations without the long-term commitment of ownership.
5. Reduced maintenance concerns: With newer vehicles, businesses can avoid the increasing maintenance costs and reliability issues associated with older vans.

By offering these benefits, leasing a Renault van provides businesses with a cost-effective, flexible, and efficient solution for their transportation needs. It allows companies to focus on their core operations while enjoying the advantages of modern, reliable vehicles without the financial burden of ownership.

Tips for Securing the Best Renault Van Finance Deal

Research and Compare Offers

To secure the best Renault van finance deal, businesses should start by thoroughly researching and comparing available offers. This process involves familiarizing oneself with the Renault van model range and using online configurators to understand the various specifications and prices of different models. By doing so, companies can gain a clear picture of the retail prices and potential options for their desired vehicles.

It’s crucial to compare prices with other models on sale, as this provides a benchmark for negotiations and helps identify potential wiggle room in pricing. Spending time looking at listings for vans with similar specifications can give businesses a rough idea of market rates and potential savings.

Negotiate Terms

When negotiating terms for Renault van finance, several strategies can help businesses secure a better deal:

1. Choose the right timing: Visiting dealerships during weekdays when they are less busy can lead to more focused attention from salespeople and potentially better negotiation opportunities.
2. Maintain a strong position: Keep personal information about urgency or specific preferences to yourself. This approach can give the impression that you’re willing to explore other options, potentially leading to more favorable terms.
3. Be polite but firm: Maintain a friendly demeanor with the salesperson while being steadfast about your budget and requirements. This balance can foster a more open conversation without compromising your goals.
4. Use positive language: Frame negotiations in a positive tone, using questions rather than statements. For example, ask “How would x price work for you?” instead of stating “That’s too expensive for me.”
5. Take your time: Don’t rush into a decision, even if pressured with “one-time-only” offers. Sleep on major decisions if possible, as patience often leads to better deals.
6. Start low: Begin negotiations with an offer below your maximum budget, giving room for compromise while working towards your ideal price point.

Consider Dealer Incentives Renault Vans Finance

Dealerships often have various incentives that can make Renault van finance more attractive:

1. Explore warranty options: Negotiate for extended warranties beyond the standard three-month offer. Aim for six or twelve-month warranties for added peace of mind.
2. Look for added extras: While dealers might be reluctant to reduce the van’s price, they may be more willing to include extras at a reduced cost. These could include rubber mats, paint protection, or GAP insurance. However, only pursue these if they were part of your original plan to avoid unnecessary expenses.
3. Part-exchange opportunities: If you’re trading in an existing vehicle, there’s often more room for negotiation on its value. Research your current vehicle’s worth using tools like the AA’s free valuation service or explore selling options with trusted partners like Motorway. Use these figures as a basis for negotiation.
4. Seasonal promotions: Keep an eye out for seasonal deals or end-of-quarter promotions that dealerships might offer to meet sales targets.

Remember, the key to securing the best Renault van finance deal lies in thorough preparation, confident negotiation, and a willingness to explore various options. Don’t be afraid to walk away if the deal doesn’t meet your requirements – patience often leads to better opportunities in the competitive van market.

Conclusion Renault Vans Finance

Financing a Renault van involves careful consideration of various options and factors. From Personal Contract Purchase to Hire Purchase and Contract Hire, businesses have several choices to suit their needs and budgets. The decision has an impact on cash flow, tax implications, and operational flexibility. By weighing these aspects and exploring the benefits of leasing, companies can find a solution that aligns with their goals and financial situation.

To secure the best deal, it’s crucial to do your homework and compare offers from different sources. Negotiating terms, taking advantage of dealer incentives, and considering factors like mileage and usage are key steps to optimize your Renault van finance arrangement. By approaching the process with careful planning and a clear understanding of your business needs, you can make a choice that boosts your company’s efficiency and supports its growth in the long run.

FAQs Renault Vans Finance

Can my business finance a van? Buy a van on finance here
Yes, your business can finance a van using Hire Purchase or Finance Lease options. These options are available for both new and used vans, provided your business meets certain qualifying criteria.

What finance company is used by Renault for van financing or even Ford Transit Custom Finance?
Renault utilizes Mobilize Financial Services for financing new Renault vehicles. You can opt for a Personal Contract Purchase (PCP) plan, which allows you to adjust the financing duration to suit your budget, choose the amount of deposit, benefit from fixed monthly payments, and have the option to change your vehicle every 2 to 4 years.

Is it possible to trade in a van that is still under finance?
Yes, you can trade in your van even if it is currently under finance. To do this, you should first determine the current value of your van and the amount needed to settle the existing finance. This will allow you to part-exchange your van for a new one.

Can businesses obtain finance for multiple cars?
Yes, businesses can finance multiple cars simultaneously, similar to personal car finance. This approach allows you to spread the costs over different periods, which can be tailored to fit your business’s financial planning, rather than paying the full cost upfront.