Van Leasing Rises by 6.6%

According to recent figures, the number of company cars and vans being leased each year has grown considerably.

The British Vehicle Rental and Leasing Association (BVRLA) has revealed that business cat and van fleet leasing grew by 6.6% in Q4 2016 compared to the same period in 2015. Cars saw 3.6% growth, but the number of leased vans grew a whopping 16.2%.

The survey revealed 49% of this growth is attributed to personal contract hire vehicles, where maintenance costs, such as replacing tyres, are part of the monthly fee which is designed with the driver’s budget in mind. If you lease a vehicle and it breaks down, often the company will fix it for you. However, this does not always include insurance.

Whether you lease or purchase a van outright, you will need quality vehicle insurance. Here at Van Compare we guarantee low cost van insurance that is tailor-made for your specific requirements and compared with cover from top brands. Find out more about us or compare van insurance online today.