Finance Leasing gives you choices at the end of the agreement which you simply don’t get with other finance options. It’s especially valuable if you can’t accurately anticipate the number of miles you’ll be doing in your new low loader.
It’s a great alternative if you plan to use the van for a job that might have a detrimental affect on it’s condition at the end of the contract. For example, if you’re picking up trade goods all day and taking the van onto building sites, Finance Lease is a good option for this.
Contract Hire, comparatively, is quite restrictive. With this option, you only really have a single choice at the end of the agreement which is just to return the vehicle. As mileage is restricted on Contract Hire, you could be due a large excess mileage fee and a repair bill if the van isn’t up to BVRLA (British Vehicle Rental & Leasing Association) standards.
Finance Leasing simply gives you more choices as shown here. It allows you to have a more flexible finance agreement and you can choose to leave the agreement/request early settlement at any time in the agreement. Maxi Mover would suggest not settling too early in the contract because the depreciation curve is much more significant in the beginning of the contract. If you leave the contract too early, the amount owed could be more than the van resulting in negative equity.
Comparatively, in a Contract Hire agreement you can be penalised for leaving the contract early with heavy fees.