For small business owners in Canada, choosing the right vehicle can make or break your operations- and vans are the ultimate multitaskers, a real workhorse for your working hours. Combining spacious interiors with high-capacity engine systems and all the durability needed to handle your day-to-day operations, it’s a no-brainer to finance a van for your growing company.
Whether you’re delivering goods, transporting equipment, or providing mobile services, a van can help you get the job done efficiently. With so many options available, though, how do you pick the right one for your needs? And, just as importantly, how do you finance it? Auto Loan Hub is here to give you the insider scoop on the top van options for small businesses in Canada and help break down the best ways to finance your purchase (and claim back some write-offs!).
The Top Vans Driving Small Businesses in Canada
When selecting the right van for your business, reliability, cargo space, and fuel efficiency are some of the key factors you’ll need to consider. While there’s a wealth of information on the subject online, the team at Auto Loan Hub already knows the top van makes and models driving small businesses in Canada. Five of the best standout options that cater to various business needs include:
- Dodge Grand Caravan
- A long-time favourite among small business owners and soccer moms alike, the Dodge Grand Caravan offers an unbeatable balance of affordability and utility. Its flexible Stow ‘n Go seating makes it easy to switch your interior configurations to accommodate people, cargo, or even storage and shelving for your business.
- Perfect for: Small-scale deliveries or businesses requiring passenger transport.
- Ford Transit
- The Ford Transit has served small businesses for decades thanks to its versatility and functionality. Coming in multiple sizes to suit any cargo needs, its impressive fuel efficiency, and advanced safety features set it apart as a standout choice for those who want a van that can “do it all” and has optional customization features.
- Perfect for: Businesses that need versatility and a customizable cargo space.
- Mercedes-Benz Sprinter
- If you’re looking for premium quality with a dash of class, the Mercedes-Benz Sprinter delivers (and hauls and stores!). Its spacious interior and optional 4×4 capabilities make it ideal for heavy-duty tasks or anybody who navigates urban and rural environments, like independent contractors or elite delivery services.
- Perfect for: Companies requiring large cargo capacity or off-road capability.
- Chevrolet Express
- Known for its durability, the Chevrolet Express is a workhorse that’s unlikely to falter no matter what you throw at it on a daily basis. It has powerful engine options and ample towing capabilities, making it perfect for builders, contractors, and other businesses needing rugged reliability to succeed in their industry.
- Perfect for: Tradespeople needing a tough, long-lasting van with towing.
- RAM ProMaster
- The RAM ProMaster features a unique front-wheel-drive system for better maneuverability in tight spaces. Its high roof and wide cargo area make it an excellent choice for deliveries of oversized cargo, businesses in cities with old and narrow infrastructure like alleys and roads, or mobile workshops.
- Perfect for: Urban businesses or mobile service providers that work on the go.
Financing Breakdown: The Difference Between Leasing vs. Owning
Once you’ve found the van that suits your business needs, the next step is figuring out how to pay for it without sacrificing your profit margins. Thankfully, Auto Loan Hub can help you secure the best leasing or financing options that suit your business best. With our tailored loan solutions and network of nationwide partners, getting the perfect van at the perfect price has never been easier. If you’re not sure which is the best option for you, a quick comparison of leasing and owning suggests:
- Leasing
- Pros: Lower monthly payments, easier upgrades to newer models, base model features, anonymous transit, and minimal maintenance concerns.
- Cons: Mileage limits and no ownership at the end of the lease term unless you’ve partnered with a dealership that will let you buy out older leased models.
- Best for: Businesses needing flexibility or those who frequently upgrade vehicles.
- Owning
- Pros: Full eventual ownership, no mileage restrictions, whatever customizations you want/need, ability to brand or paint your van, and potential resale value.
- Cons: Higher upfront costs, credit health, and ongoing maintenance needs.
- Best for: Businesses planning long-term use or customization of the vehicle.
Tips for Business Owners: Maximizing Your Van Investment
Did you know you can leverage your commercial van financing to save on taxes? Always consult with a financial advisor or tax professional beforehand to ensure you’re maximizing your potential benefits. The most common ways to make the most of your investment are:
- Tax Deductions: Interest on van loans and leasing costs can often be written off as business expenses, as well as a certain amount of your mileage costs. Over time, this helps to reduce your taxable income and save you money when filing business taxes.
- Capital Cost Allowance (CCA): If you purchase a van, you can claim depreciation as a CCA deduction over time. This gradually offsets the cost of the vehicle, especially if you’re committed to using the same vehicle over the span of years for your business.
Finding the Best Small Business Van Doesn’t Have To Be a Full-Time Job With Auto Loan Hub
Choosing and financing the right van for your small business doesn’t have to be stressful when you partner with Auto Loan Hub. We simplify the process, from finding the perfect vehicle to securing affordable financing that fits your finances. Whether you need the everyday versatility of a Dodge Grand Caravan or the heavy-duty power of a RAM ProMaster, we’ve got you covered.
Ready to hit the road with confidence? Then, let Auto Loan Hub help you take the next steps in growing your business, whatever city or industry you operate in. Visit our website to browse our inventory, or contact our team to discuss van financing options and get into gear for the next chapter of your company’s growth!
