Enquiries for 18-month van leases have surged within the final 12 months, leaping from simply 0.6% in 2023 to 16% of the market.
The most recent Leasing.com Insights Report mentioned the rise in short-term van lease enquiries displays a broader shift towards flexibility and cost-efficiency within the UK leasing market.
As companies and people search shorter commitments, falling lease prices have made these choices much more engaging.
Month-to-month enterprise van lease funds dropped by 15%, whereas private leases fell by 12%, demonstrating a widespread discount in common month-to-month funds.
Electrical van leasing enquiries elevated by 36% final 12 months, pushed by falling prices, authorities incentives, and sustainability targets.
By the tip of this 12 months, electrical automobiles within the leasing market are anticipated to exceed 35% of the leasing market, supported by stricter emissions targets and elevated mannequin availability from leaders like Volkswagen, Renault, and BYD. Nonetheless, increasing charging infrastructure stays vital to fulfill rising demand.
Mike Fazal, CEO at Leasing.com, mentioned: “Extending the Plug-in Van Grant is a positive step for businesses looking to electrify their fleets. By lowering upfront costs, it makes electric vans more accessible, particularly for SMEs in logistics, delivery, and trade sectors where margins are tight and cost certainty is crucial.”
