Electric Van Leasing
The switch to electric vans is easier than ever before with our electric van leasing solutions. With more models, charging options and lower running costs there’s little reason for your business not to benefit from the update in technology. HAF can source new and used electric vans to fit your requirements, whilst delivering industry leading finance rates to reduce any large upfront costs. There are several options when it comes to selecting the best electric van leasing agreement, click here to view the different options!
Save money on running costs, take advantage of grants, spread the cost into small monthly payments and become eco friendly with HAF.
Types of Electric Vans
There are two types of electric vans to select from, fully electric vans and hybrid vans. The fully electric vans also known as BEV’s (Battery electric vehicles) are the true zero emission vans that are powered only by their battery and produce no exhaust emissions. The hybrid vans are a combination of electric and the internal combustion engine, in many ways getting the best of both worlds. Both have pros and cons but let’s look at some of the advantages that both provide.
Advantages of Electric Vans
Lower running costs
Electric vehicles are more cost effective to operate, not only because of the reduced price per mile but also due to their lack of moving parts which can lead to them being less expensive in general maintenance.
Eco friendly driving
Electric vehicles are not only better for the environment, but they also have huge potential to improve our air quality. Electric vans produce no CO2 emissions as they drive around – meaning their widespread adoption has an even greater impact on improving local climates than traditional cars do.
Grants and incentives
There are many incentives designed specifically around the goal of reducing air pollution, including the Plug-in Van Grant and reduced tax burdens for both business owners as well private users. Free parking in many areas, exemption from the London Congestion Charge, and even grants towards the cost of workplace chargers are available now.
Better driving experience
Electric vans offer drivers a more satisfying experience, with the added bonus that they’re quieter and smoother riding. They come standard with air conditioning and drivers won’t experience any vibrations from engines through their arms. They’re also quick off the mark with faster acceleration & automatic gearboxes.
Company Image
If your business can communicate to the public and other companies that you are becoming eco-friendly it can be a great incentive for them to select you rather than use a competitor. Great for brand image and differentiating yourself from competition who may be a step behind. Showing that your business cares about the environment and is doing all they can to help.
The Electric Plug-in Van Grant
As of 18 March 2021, the PIVG has been split into two main grant rates for vans, divided by weight category:
- Vans less than 2.5 tonnes: 35% of purchase price up to £3,000
- Vans 2.5-3.5 tonnes: 35% of the purchase price up to £6,000
Every fully electric van sold in the UK meets the criteria for this grant. However, the grants are gradually being reduced as time goes on. Get in touch with HAF today and we can guide you through how to take advantage of the incentives and finance options available.
Why Use HAF?
As industry leaders in the asset finance industry, we have a dedicated team that specialise in hard asset finance. Partnering alongside suppliers and providing direct finance to customers. We can provide leading rates, professional advice and connections to some of the best suppliers and manufacturers of equipment and vehicles. Saving you time and effort by delivering an all-in-one solution. Perfect for any business looking to acquire hard assets in the most affordable way possible.
The sectors we specialise in include commercial vehicles, manufacturing equipment, plant equipment, machinery, construction vehicles and agricultural machinery/vehicles.
Financing hard assets provides finance companies with good security as the assets tend to retain value for many years, even at the end of their lease. This combined with our access to a diverse portfolio of funders means we can provide you a bespoke and affordable finance option.
Key points
- We can source your vehicle
-
Offer a range of flexible
finance options - Provide industry leading rates
- Both new and used vehicles
-
Offer years of industry
experience
Benefits of Electric Van Leasing & Finance
Asset finance is most commonly used to acquire hard assets. A hard asset is a tangible/physical asset with fundamental value that are normally held for the long term. Like recovery trucks they are often key to the businesses operations but are expensive in value. These are two of the key reasons why most businesses look to use a hard asset finance facility. There are also a range of benefits that come with this option:
Protect Cash Flow
Keep cash in the business and invest in areas that will produce a return on investment. Obtain the vehicle that is necessary for your business with little to no upfront cost.
Fixed Repayments
Perfect for financial planning and selecting a finance package that is affordable for your business.
No Large Upfront Cost
No need to invest large sums upfront, however this is an option if you wish to reduce monthly payments.
Quick Access
If you need a recovery truck urgently but don’t have the immediate cash available, finance allows you to obtain the asset immediately without having to wait for the cash reserves.
Access to Higher Spec Vehicles
No need to compromise on the vehicle you select. The difference in a newer or higher spec vehicle can often be a very small increase in monthly payments.
HAF Finance
Here we have the four agreement types used for recovery truck finance and all hard assets. Here at HAF, we will guide you through all options and help you select the most suitable for your business.
Finance Options
Hire Purchase
Hire Purchase (HP) are monthly rental instalments where at the end of the term you have the option to purchase the asset outright or simply return it. Payments can be structured to align with your cash flow which could mean a small upfront payment or larger to reduce monthly payments.
Finance Lease
A finance lease is a leasing agreement which involves renting the asset over an agreed period of 1-5 years. A popular method due to the significant tax advantages. At the end of the agreement, you have four options: Hand the asset back to us at HAF, purchase the asset outright, continue paying the monthly payments or take out a new lease.
Operating Lease
An operating lease is an agreement to use and operate an asset without the transfer of ownership. Often used for high value assets, the rental is at an agreed rate and time period. The rental will not cover the full cost of the asset, therefore at the end of the agreement a residual value is offered by the funder which allows you to buy the asset minus the lease rentals paid so far.
Business Contract Hire
Business contract hire is a popular finance option used for company cars. The vehicle is leased over an agreed period from 2-5 years. At the end of the agreement, the vehicle is handed back to the finance company. A simple agreement often used for brand new vehicles, sometimes used with no upfront fee just monthly instalments.
Types of Electric Vehicles
