One of the main advantages of long term van rental is the financial one. The majority of vehicles depreciate rapidly in value in the first year – some by as much as 40%. Opting for a rental vehicle means your balance sheet won’t take the hit at the end of the year. You just pay a monthly fee for however long you need to hire the van for, and return the van at the end of your contract. Rental periods can range from one month up to 12 months or longer. However, if you do need a van for anything longer than a 12 month period then you might be better off looking at hire purchase instead.
As with any rental agreement, you are responsible for the van while you or a member of your team are driving it, so you’ll need to make sure that you have the proper insurance in place and that everyone driving the vehicle is legally allowed to do so. You’ll need to pay a deposit up front before the contract begins and make sure you keep the vehicle in good condition while you’re using it. It’s pretty much like a regular short-term rental arrangement in that you hand the vehicle back in the same state you received it. Obviously exceptions are made for regular wear and tear, but any major issues would need to be paid for out of your deposit.
Most companies offering long term van rental will have a good range of makes and models for you to choose from, so whether you’re a painter and decorator looking for something relatively compact and economical or a builder with bulkier materials and tools to ferry around, you should find something to suit your needs and your budget. If you’re not sure what the best option would be a member of the sales team will be more than happy to advise.