Enquiries for 18-month van leases have surged in the last year, jumping from just 0.6% in 2023 to 16% of the market.
The latest Leasing.com Insights Report said the rise in short-term van lease enquiries reflects a broader shift toward flexibility and cost-efficiency in the UK leasing market.
As businesses and individuals seek shorter commitments, falling lease costs have made these options even more attractive.
Monthly business van lease payments dropped by 15%, while personal leases fell by 12%, demonstrating a widespread reduction in average monthly payments.
Electric van leasing enquiries increased by 36% last year, driven by falling costs, government incentives, and sustainability goals.
By the end of this year, electric vehicles in the leasing market are expected to exceed 35% of the leasing market, supported by stricter emissions targets and increased model availability from leaders like Volkswagen, Renault, and BYD. However, expanding charging infrastructure remains critical to meet growing demand.
Mike Fazal, CEO at Leasing.com, said: “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.”
