New van time

[Fraser Tiling]

Yeah, I took that into account, but with the first downpayment, monthly payments over 4 years, the van is nearly paid for but you don't own it.
Thats if its been returned in excellent condition.
My van takes alot of knocks, scratches and minor damage on and off site, cant imagine the list of repairs needed to return the van after four years.
The cost of getting a loan on an older vehicle once the depreciation has calmed down, and yearly maintenance costs isnt that much less than the leasing option, if the Vat was deductible, it would be a much more realistic option.

 

[hmtiling]

What's stopping you?

Never bought a brand new vehicle before. It's the thought of the large depreciation in value as soon as it's been owned. Vansdirect offered the same APR as a loan i've been approved for so still undecided whether to go brand new or 14 plate for 10k less

 

[Dan]

Never bought a brand new vehicle before. It's the thought of the large depreciation in value as soon as it's been owned. Vansdirect offered the same APR as a loan i've been approved for so still undecided whether to go brand new or 14 plate for 10k less

You can offset a brand new vehicle against your tax for 3 years.

 

[White Room]

Never bought a brand new vehicle before. It's the thought of the large depreciation in value as soon as it's been owned. Vansdirect offered the same APR as a loan i've been approved for so still undecided whether to go brand new or 14 plate for 10k less

That's a lot of money....

 

[hmtiling]

You can offset a brand new vehicle against your tax for 3 years.

i believe i can offset whatever i pay for the van a month for the life of the loan including interest. or so my accountant tells me. my wife, surprisingly, said to go for the spanker.

 

[Dan]

That's a lot of money....

But you have less to off set against tax bills.

 

[hmtiling]

That's a lot of money....

But you have less to off set against tax bills.

I'm very torn

 

[Fraser Tiling]

The tax options become a minefield, at the end of the day, the less your vehicle costs the better, as long as it doesn't look old and tatty, and you have faith it wont drip oil on your customers driveways, any money you're not spending on it goes in your pocket.
Good signwriting is one of your cheapest and most affective advertising, as long as you don't drive as aggressively as I do, giving yourself a bad image!
Hence, I've not signwritten mine, but will on my next van, and learn to slow down a bit.

 

[Fraser Tiling]

got a quote for a spanker from vansdirect today. very tempted

There are leasing companies that lease used vans too.
I did look into it but can't remember the sites, will search again.

 

[Dumbo]

The inside of the custom is by far the best of the bunch it feels like home but I don't think I wanna be getting my self into 18G's of debt my plan is to buy a 10 plate vivaro of a friend he's had it for t years on finance and it ends in march he wants £5000 for it with 70000 ish miles full history maybe next time round ill be brave enough to get the custom

Good move

 

[hmtiling]

There are leasing companies that lease used vans too.
I did look into it but can't remember the sites, will search again.

I'm not going to lease. I want to own it.

 

[Aston]

View attachment 86759 Love my transit enjoy driving this more than mrs car. Real smooth.

what colour is the van?
is it dark grey or black.
what ever colour it is, it looks great, especially with the signage.

 

[Fraser Tiling]

Anchor Vans - Fantastic prices & free delivery from Dealer of the Year - Anchor Vans - http://www.anchorvans.co.uk
Looking for New & Used Van Leasing? - Deals From £97 + VAT Per Month! - http://www.motorleases.co.uk

I'm not going to lease. I want to own it.

Thats what I decided.

 

[LM]

The cheapest way to drive a van is to buy it new and drive it for 9-12 years, divide the monthly costs over the 9/12 years and it's a no brainer plus you have the benefit of the van not having been abused and should run well.
If your vat reged then it's even better, buy it at the end of your quarter or year and you claim that back right away, which is normally your deposit. As Dan says I've been advised that it's a 3 year costing unless you lease, but then your heavily constrained by mileage and condition.
Ultimately there's no set way that's right for everyone, it depends on your business position at the time of purchase. Wether your cash rich for deposits, vat reged etc, the glove needs to fit the hand. One thing that can't be underestimated is image, to some builders you'll look like you charge too much and to some customers you could appear as if your not good enough to be able to afford a decent van. Horses for courses!