What to Consider Before Changing to a Larger or Smaller Van on Rent2Buy
If your business needs are changing and you're considering switching your Rent2Buy van to a larger or smaller model, there are important points to understand before making the move. Changing your Rent2Buy van size involves a new agreement, affordability checks, and vehicle availability, among other factors.
Rent2Buy Van Size Changes: The Basics
• You must have had your current Rent2Buy van for at least 12 months before you can apply to change to a different vehicle. This means no early swapping within the first year.
• Each new van on Rent2Buy requires a new rental agreement to be set up.
• The initial rental paid on your original agreement may be rolled over into the new agreement, but all regular rental payments already made are considered hire charges for your previous van and are non-refundable.
• Approval for the vehicle change depends on affordability and account status.
Affordability Assessment and Account Status
When you request to move to a different size van, Rent2Buy Vans will usually need updated proofs of affordability, such as recent bank statements. This check helps determine what vehicle monthly rental limit you can be approved for.
Your account must be fully up to date with all payments and charges settled to be considered for a vehicle change. Any outstanding balances or payment issues may delay or prevent the process.
Vehicle Availability
Not all vehicle types, sizes or specifications might be available when you decide to switch. Rent2Buy stock changes regularly, so the selection of larger or smaller vans will depend on current availability.
You may only choose from vans listed on the Rent2Buy website as currently in stock and available under the scheme. Prices for those vehicles are fixed and non-negotiable.
Steps to Change Van Size on Rent2Buy
1. Ensure you have held your current Rent2Buy van for at least 12 months.
2. Contact Rent2Buy Vans to express your interest in changing to a larger or smaller van.
3. Provide updated proof of affordability and required documents as requested.
4. Await assessment and approval of your new vehicle monthly rental limit.
5. Once approved, select a vehicle from the available stock within your approved monthly price.
6. Pay the £200 vehicle deposit for the new van to reserve it.
7. The vehicle will be prepared (MOT, service, valet) and you will be contacted to arrange collection.
Important Considerations
• The option to change vehicles is not automatic or guaranteed. Each application is considered individually.
• A full new application process is not normally required, but updated documents and affordability proof usually are.
• You remain responsible for insurance, maintenance, and all rental payments under each agreement separately.
• Rental payments under your original agreement are not refunded or transferred when changing vans.
• You cannot keep the original van and the new van simultaneously under separate agreements unless separately approved.
Summary
Changing your Rent2Buy van size from smaller to larger or vice versa is possible but involves several important steps and conditions:
• Minimum 12 months possession of the original van before vehicle changes.
• Updated affordability assessment and cleared payments.
• Vehicle availability from current Rent2Buy stock.
• Payment of a new vehicle deposit and starting a new rental agreement.
Understanding these factors will help you plan ahead and make an informed decision about your van size change on Rent2Buy.
For detailed advice tailored to your situation, contact Rent2Buy Vans or check the current available vehicles on their website. This will give you clarity on your options and next steps.
Frequently Asked Questions
Can I change my Rent2Buy van size before 12 months?
No. You must have kept your original Rent2Buy vehicle for at least 12 months before changing to a different van.
Do I need to make a new application to change my Rent2Buy van?
A full new application is not normally required, but updated documents proving your affordability will usually be needed.
Are rental payments from my previous van transferred to the new vehicle agreement?
No. Rental payments made under your original agreement are not refunded or transferred; they cover the use of the original vehicle.
Is a vehicle change guaranteed if I apply?
No. Approval depends on your affordability, account status, and vehicle availability. The option to change van size is not automatic.
Will I pay another deposit for the new van?
Yes. A £200 vehicle deposit is required to reserve your new Rent2Buy van.
Can I keep my old vehicle and the new one at the same time?
No. Each Rent2Buy vehicle is under a separate agreement, and holding multiple vehicles requires separate approval.
What if the van I want is not available?
Rent2Buy stock varies, so you can only choose from vans currently advertised as available. You may need to wait for the right vehicle to appear in the stock.
Is the monthly rental price negotiable when changing van size?
No. Monthly vehicle rental prices are fixed as advertised and non-negotiable.
Next Step
If you are considering changing your Rent2Buy van size, review your current agreement and prepare your updated documents. Then, view the available Rent2Buy vans online and contact the Rent2Buy team to discuss your options and eligibility.
Next step
View available Rent2Buy vans and check whether the scheme may suit you.
Browse current Rent2Buy stock or start an application when you are ready.