Fleet News

Van leasing flexibility needed as fleets shy away from long contracts

Row of white vans

Economic uncertainty and potential air quality restrictions have created a challenging funding environment for vans over the past year. 

Contract hire retains its dominant funding position, responsible for 90% of the FN50’s 430,000-plus funded vans. After losing some its lustre 12 months ago, when it dipped to 88%, the financing method has returned to the same level as 2016.

Finance lease levels meanwhile, have remained fairly stagnant, with 9% of the van fleet funded this way in 2018, down on the 9.6% reported last year, but up on its 8.6% market share in 2016.

Seventeen leasing companies reported a van risk fleet financed solely via contract hire, while there were just three where finance lease was the dominant funding method. 

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee