Leasing a van is a great way for one to enjoy a precious ride without having to worry about the cost of maintaining it or the cost incurred when it depreciates. There are, however, some pitfalls that one needs to look out for and avoid them. Many a time, customers are not keen on checking the fine prints in the lease agreement before signing it. They only realize the impact when it is too late. Below are some mistakes to watch when leasing a van:
No insurance cover
If you are considering leasing a van, it is always good to ensure that a reliable insurer insures the van, which you are leasing. One can never plan when an accident or a burglary might occur. It is, therefore, wise to ensure that you are well covered for such uncertainties. So that in case they happen, you will not be at a loss.
Avoid paying too much upfront
It is not advisable for one to pay too much money upfront. Reason being the vehicle may not be what you had hoped it would be. This means that you may end up losing all the money that you had paid for it. Again, you may be involved in an accident and have the vehicle written off. Your insurer will most likely pay for the vehicle only but not what you had leased it for. It is, therefore, wise to pay the amount in bits to ensure that you are safe.
Check the mileage limits
Most people rarely check the mileage limits on the vans. The only thing they are quick to check is the cost of leasing. Usually, they go for the least. In most cases, the low-cost vans have a very small mileage limit. Taking up such a plan may not be so cost-effective in the long run. It is, therefore, good to consider your driving habits so that you may decide which plan fits you best.
Lastly, it is always good to be clear on lease’s damage conditions. It is good that you know so that in case the vehicle is involved in an accident; you will be well prepared for it. There are those leases that will cover part of the damage to a certain extent, in others; you will have to shoulder all the cost.
The above are some of the conditions that you should be on the lookout for. To be on the safe side ensure that you read and understand the lease agreement completely and in case you have any questions, have them explained by the owner of the van.