Leasing a van over a set period of time can be the ideal solution to avoid a lump sum payout for a new vehicle. With fixed monthly repayments that can range from 12 through to 60 months, van lease is often seen as the most cost effective option for many businesses and individuals. As with any vehicle, sufficient insurance is a must and here at Vehicles 2 Lease we strongly recommend investing in the additional Gap insurance on top of your basic policy to fully protect you at all times.
Should you be in an unfortunate enough position to write off your van or have it stolen at any point during your finance agreement, you will find yourself having to pay out any difference between the amount that your finance company want and how much your insurance company are willing to pay. This is where Gap insurance comes to the fore as this level of insurance will bridge the gap by paying out the difference.
Available for a relatively low cost, Gap insurance protects you in a ‘total loss situation.’ It is an optional supplement that you can purchase on top of your regular insurance policy to remove any shortfall completely should your insurance company be unwilling to pay the full settlement figure required.
With numerous vans available here at Vehicles 2 Lease, we strongly encourage all of our customers to take up this extra insurance in order to give you the chance of getting another vehicle without still owing money for your previous van. An accident may not be your fault and with Gap insurance you can make sure you are not forced to suffer any prolonged financial implications.
Protecting you against many risks not covered by a fully comprehensive insurance policy, Gap insurance is an advisable investment for anyone considering van lease. With so many vans to choose from, we at Vans 2 Lease can supply you with the ideal vehicle for your situation whilst your insurance policy protects you against any number of different eventualities during your agreement.