When you lease a van, the deposit can vary. You will have to pay something up front, and this can range from some thousands anywhere up to half the value of the vehicle. Most of our advertised deposits start at around £3000 + VAT, but bear in mind that the more you put down up front, the less your monthly payments will be throughout the lease term.
The deposit payment is calculated plus VAT, and this can be claimed back by VAT-registered lease holders on a quarterly basis. (However, the situation is different for those who are registered for VAT on the Flat Rate Scheme. It’s always best to seek clarity from your accountant about the best option for you).
In the case of a hire purchase contract, a minimum payment of 20% of the value of the vehicle is required. This is equal to the VAT and is reclaimable. You can pay an additional deposit on top of this, if you wish, to lower your monthly payments.