How Much To Lease A Cargo Van Per Month?

So, how much does it cost to lease a cargo van? Leasing costs differ from one leasing company to the other ranging from $640 to $1020 per month across different leasing companies. Several factors determine the price of leasing a van, including the manufacturer, brand, and lease length.

What Does Commercial Van Leasing Entails?

Leasing a commercial cargo van like every leasing service has requirements that are unique to it. This is why you have to get yourself acquainted with all it entails before approaching a cargo van leasing company.

Most cargo van leasing involves either a used cargo van or a new cargo van. Also, there are agreements you have to enter into with the leasing company based on:

The rental duration, that is, the number of months.
Mileage you drive the cargo van.
Specific fees for the different car brands according to the manufacturer’s suggested retail price (MSRP).

Also, there are different rental or van leasing prices according to the number of months you intend to rent a particular brand’s cargo van. Depending on the company’s policy offering you the leasing agreement, you can either lease a brand new cargo van or go for a used cargo van.

monthly payment for cargo van — Care how much to lease a van per month?

How Does Van Leasing No Deposit Work?

Some companies allow clients to lease without making a deposit. However, not all leasing companies offer this option to prospective customers.

This service option is found majorly among top van leasing companies. Additionally, you’ll need a good credit score to use this option. Also, leasing without deposit for most companies demands that you pay the total leasing cost at the end of the month.

Used Van Leasing Vs New Brands?

Go through this comparison before you think this is one of the simplest questions to ask before seeking a cargo van. It is well suited to guide your judgment.

To leave it simple, the down payment and monthly rates make all the difference. Used van leasing rates are way cheaper and more flexible to your budget than brand new vans.

However, the rate of some used cargo vans from certain manufacturing brands could be as high as that of a new cargo van brand. And then you have the challenge of mechanical breakdowns common amongst used cargo vans.

Most Popular Types of Cargo Vans Available for Lease

When looking to rent a cargo van, it is preferable to rent a popular brand and model. The most popular cargo van leasing brands and models are detailed below.

NISSAN NV Cargo VAN

This mid-size passenger van comes with Brake Assist, Bluetooth, and an Infotainment System. A 36-month Nissan NV Cargo lease typically costs $611/month, with a $2,000 down payment.

It also has a 12,000 annual mileage limit. Likewise, the average lease payment over a term of 24 months is $732 per month and $527 per month for a term of 48 months.

CHEVROLET EXPRESS Passenger Van

This full-size passenger van from Chevrolet has 3rd-row seating, WiFi, and a backup camera.

A 36-month Chevrolet Express Passenger typically costs $776/month, with a $2,000 down payment. It also has a 12,000 annual mileage limit.

For the same deal, monthly lease payments are $953/month for 24-month and $670/month for 48-month terms.

GMC SAVANA

GMC Savana Passenger’s 2021 model comes with 3rd row, WiFi, and backup camera. A 36-month lease for the GMC Savana Passenger costs $841 per month, plus $2,000 upfront payment.

It also has a 12,000 annual mileage limit. With a 24-month lease term length, the average monthly lease payment is $1,051 per month. But with a 48-month lease term, the payment is $711 per month.

MERCEDES BENZ Metris Passenger

The latest model of Mercedes-Benz Metris Passenger Van is equipped with a 3rd row, and Brake Assist, and In-Car WiFi.

The Mercedes-Benz Metris Passenger Van typically costs $648/month, with $2,000 due at signing for a 36-month term.

This offer has a 12,000 annual mileage limit. For the same deal, the average monthly lease payments are $844/month and $551/month with a 48-month term.

RAM PROMASTER City Wagon

Ram ProMaster City Wagon’s new model includes Infotainment, Bluetooth, and Brake Assist.

In the case of the Ram ProMaster Cargo Van / Wagon, the average lease payment is $504 per month, with $2,000 due after 36 months.

This offer has a 12,000 annual mileage limit. Also, the monthly payment of Ram Promaster lease is $644/month for the 24-month deal or $437/month for the 48-month deal.

FORD TRANSIT Crew Van

For Ford Transit Cargo Van, its latest model has In-Car WiFi, Running Boards, and Forward Collision Warning. A Ford Transit Crew Van typically costs $784/month, with $2,000 due at signing for a 36-month term.

It also has a 12,000 annual mileage limit. For the same deal over a 24-month or 48-month term. The average ford transit lease price or lease payment is $1,025/month and $675/month, respectively.

What are Lease Terms and Conditions for Cargo Vans?

The lease agreement outlines the terms and conditions for leasing cargo vans, which must be read and accepted by both the leasing company and the lessee before signing. Typically, they entail paying the agreed-upon leasing fee, regular upkeep of the vehicle, and returning the van in good condition at the end of the lease period.

There may also be additional requirements, such as a required mileage limit or insurance coverage, depending on the leasing company.

Comparison of Lease Vs Purchase Options for Cargo Vans?

Purchasing and leasing cargo are viable options for businesses, but each has distinct advantages and disadvantages. While buying a cargo van means you own the vehicle outright and can customize it to meet your company’s needs, this option may require a larger initial investment.

Leasing a cargo van, on the other hand, can help you save money upfront and get the latest models if your lease payments are spread out over a shorter period. So, which option should you go with? Ultimately, the decision of whether to buy or lease a cargo van is measured by your financial situation and the long-term goals of your business.

If you intend to use your van for an extended period and have the financial means to buy it outright, purchasing is your best route. But, if you are on a tight budget and require a more flexible arrangement, leasing may be the better option.

Advantages and Disadvantages of Leasing a Cargo Van?

When it comes to leasing a cargo van, there are benefits and drawbacks to consider. From the cost of the van to the upfront fees associated with leasing, it’s critical to carefully weigh the risks before committing. The following outlines some key pros and cons of leasing a cargo van.

The pros of cargo van lease include:

A fixed monthly payment structure facilitates budgeting and cost forecasting.
Access to the latest models of vans with the most up-to-date safety and technology features.
Maintenance costs are kept to a minimum for the duration of the lease.
The ability to switch to newer vehicle models as business needs change.
The advantage of not having to resell the vehicle if you no longer need it.

The cons of cargo van lease are as follows:

Requirement of a large initial deposit and the commitment of a long-term contract to keep the vehicle leased.
Some leasing companies may require the cost of additional vehicle insurance coverage.
A good credit score history is sometimes required.
Limit to a fixed mileage rating with additional charges if the mileage limit is exceeded.
If the cargo van is damaged during the lease period, the lessee is responsible for the repair costs.
You must return the vehicle at the end of the lease period.

How to Negotiate a Cargo Van Lease?

Negotiating a cargo van lease is a critical decision for any business because it can determine profitability. To begin, investigate the lease terms and compare them to other offers from competing companies.

Make a list of what you want in a lease, and make sure to negotiate points like contract length, lease rates, and mileage allowance. Finally, it is essential to read the lease agreement in detail and ensure that all terms are fully understood before signing.

Common Issues to Watch Out for When Leasing a Cargo Van

While leasing can be a cost-effective way to acquire a cargo van, some common issues can disrupt the leasing process. The length of the lease is a significant factor. Only sign a lease if it is for the intended duration of your needs and not beyond to avoid charges incurred for early termination.

You should also opt-in for an insurance package to protect yourself from potential damage costs that may arise during the lease’s term. Other key factors to be on the lookout for are the upfront costs, monthly charges, the condition of the vehicle, and the nature of the leasing company. Overall, read the contract carefully and ask questions to ensure you understand the details before signing.

Conclusion

And again, how much to lease a cargo van per month or weekly? Happy to empower you with credible answers about your cargo van lease queries, as well related questions. Ideally, you should opt to work with a flexible company that offers you multiple leasing options with good offers.

Consequently, you will be able to develop a long-term, cost-efficient solution that suits your fleet needs. And if you need financing, opt for companies that provide financing to their clients.

If your budget is low and you want to lease, it is more cost-effective to lease a used vehicle instead of a new one. Also, if you intend to lease a cargo van without making a deposit payment, remember that you need a good credit score.