Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: JSMC on February 06, 2011, 05:54:26 pm
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what is the best options out of all of them? Any time i have ever bought a vehicle i have always used cash either from a loan or cash i have helped save up. Anyone went down lease or contract hire?
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sum gud deals about out there ;D
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sum gud deals about out there ;D
just dont buy a lemon like gav ;D ;D ;D ;D
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sum gud deals about out there ;D
just dont buy a lemon like gav ;D ;D ;D ;D
I heard you was a Jaffa Frank, this right?
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sum gud deals about out there ;D
just dont buy a lemon like gav ;D ;D ;D ;D
I heard you was a Jaffa Frank, this right?
a you big fat lump of lard.leave it out,banana man i am. :o ;)
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great replies cheers ya gits
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you really need to speak to your accountant first,then look at whats best deals about.
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I think most of you would be better speaking to a psychiatrist ;D I looked on this thread becoase the topic sounded interesting!
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as said sum cracking deals around
ie toyota hiace 2.5 brand new 2 ton a month ;D ;D
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as said sum cracking deals around
ie toyota hiace 2.5 brand new 2 ton a month ;D ;D
link?
also dunno whether to think about brand new van or one aboot 2/3 years old. Also the tax situation etc with regards to lease hire.
need to know all the fine details
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can put you on to a v/gud m8 of mine
give him a bell he does it for a living
excellent lad will explain wots best for you
;D
3x mths rentals up front
new van ;D ;D
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can put you on to a v/gud m8 of mine
give him a bell he does it for a living
excellent lad will explain wots best for you
;D
3x mths rentals up front
new van ;D ;D
payment at end to keep van or just renew lease etc? also whats the deal with mileage etc
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can put you on to a v/gud m8 of mine
give him a bell he does it for a living
excellent lad will explain wots best for you
;D
3x mths rentals up front
new van ;D ;D
You serious Gav?
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like i said speak to him m8
i know some you can av a balloon
(payment at end) some not they put in
in the payments i think , could be wrong
im deffo going down this route nxt time for
my van and my piece of mind i would trust
gary with my life he rebuilt my lambretta he's a
gud m8 a very gud m8
call him you got nothing to lose
gary thomas 07802441251
or 01978 313108
just say gav gave you his number ;D
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can put you on to a v/gud m8 of mine
give him a bell he does it for a living
excellent lad will explain wots best for you
;D
3x mths rentals up front
new van ;D ;D
im sure thats what my m8 said matt
i was a fool not having a brand new van
buying second hand never ever again for me
im done with other peoples trouble
i want a van i know what its carried never been
thrashed clean nice mine ;D ;D
You serious Gav?
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Once I have caught up with my round and bills I will look into it, thats for sure, I need a bigger tank and a larger van (higher payload) maybe a trafic Gav ;)
How is the gal, is she still in the garage?
Matt
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matt its rarely outta the garage
m8 iv run outa mechanics m8
i easily loss patience with em
as soon as they start sucking their teeth
n ummmm arrrrrrrr ing iv been known
to lose the plot an start smacking them ;D ;D
but giving my van its due iv done 150mile
2day its run like a dream ;D ;D
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matt its rarely outta the garage
m8 iv run outa mechanics m8
i easily loss patience with em
as soon as they start sucking their teeth
n ummmm arrrrrrrr ing iv been known
to lose the plot an start smacking them ;D ;D
but giving my van its due iv done 150mile
2day its run like a dream ;D ;D
So it has its good days and bad days?
bit like a Mrs lol ;D ;D ;D ;D
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matt i needed a bigger van
after the corsa combi n extra seat
to take the girls school
was hell bent on a tranny but every one
i looked at had done 100k plus miles
was falling apart rusty etc the trafic was nice
85k miles looked the part ( didnt help that id
drove my m8s vivaro 06) so i parted with 2.5k
in hindsight i shud ov gone to my m8 n had new
my trafic now ows me 6k yes it as gud n bad days
more bad lol but its clean ;D ;D ;D
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matt i needed a bigger van
after the corsa combi n extra seat
to take the girls school
was hell bent on a tranny but every one
i looked at had done 100k plus miles
was falling apart rusty etc the trafic was nice
85k miles looked the part ( didnt help that id
drove my m8s vivaro 06) so i parted with 2.5k
in hindsight i shud ov gone to my m8 n had new
my trafic now ows me 6k yes it as gud n bad days
more bad lol but its clean ;D ;D ;D
so its not like the gals up in the north west then? ;D ;D
Like you Gav I have been browsing Transits as they have larger payloads. but the bodywork on most is crap, I don't mind getting a van with 100,000 as diesel engines don't break in until then anyway.
Matt
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matt i was told m8
cam belt had been changed
12mths prior to me buying van
had no reason to miss trust him
then all hell broke lose ;D ;D ;D
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matt i was told m8
cam belt had been changed
12mths prior to me buying van
had no reason to miss trust him
then all hell broke lose ;D ;D ;D
When I get a larger van, it will get a new cambelt, bearing and fittings, and a water pump as you never know, and for how much it costs to get done and what damage can come of it, its worth getting done.
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the guy who repaired it never primed the turbo
when he put it back together
then put 2nd hand turbo on which
lasted 9mile
it has since had head gasket
new turbo
new cat
could do with a EGR vave
and air flow meter
but its in garage this saturday
for oil leak and diesel leak
also common rail ( diesel system ) problem
as soon as the coil light engine managementl light
comes on i go garage get it plugged in and booked in
its a regular ;D ;D
they see the despair in my eyes n then fob me off lol
but new guys winning the battle ;D ;D ;D
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Can't you flog it on ebay and get another van?
Matt
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matt after what iv spent
id cry m8 lol it can go for 2k m8
believe u me i love it when its having a
gud day drives well pulls 400l
ov water like its nothing
descent looking gud fuel wise
full rack its gud van
but it shud be lol ;D ;D ;D
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stuck my van in for it's service this week to have timing, water pump and tensiones all done. Van is on 53k just now 05 plate vivaro. I am sure timing is either every 100k or every 5 years so mine sis due to be done. also driving short journeys is where you put strain on timing belt with stop star tof any engine.
Gav what oil leaks you talking of on these vans?
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mine as had brand new oil filler housing
i could pull old one off the engine literally
new seals n o rings but it keeps spewing oil out
dont know where its coming from
but fully synthetic at 30 quid fr 5litres its getting
beyound a joke m8 so having all engine steamed off
this saturday and getting to the bottom of it
;D ;D ;D
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I was going to lease a new van last year but have now dedided that I would sooner buy a scecond one as in long run is cheaper. My Connect was an ex-rental with 77,000 miles on clock. That was 4 years ago and other than tyres etc I've not spent anything on it. I just need something bigger now.
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When you lease (also Contract Hire) your costs are mainly depreciation and finance admin costs. So, although you get the benefit of a new van under warranty and very little with regard to maintenance costs, the depreciation from new is greater than an older vehicle. If we buy this as a used van after the lessor has completed his lease period, we won't have that large depreciation, but we will have increased maintenance costs.
Leasing with maintenance for example is one way to achieve a new vehicle every 3 or 4 years without the unexpected maintenance bills. You know exactly what your monthly vehicle costs are going to be so you can budget for them and get on with your job. The Leasing company takes the risks and spreads those risks over their fleet of vehicles. If there is a 'lemon' in amongst them the others will 'carry' it. But if you bought the vehicle which was that 'lemon' then you have to carry the cost and frustration on your shoulders alone. Leasing is what you perceive is good value for money. Leasing is a very personal thing, it either will 'click' with you or it won't. Some people have got to own the van, to see their name on the registration book
At one time a large percentage of the UK population rented their TVs because they didn't have to worry about them if they broke down. The Rental Company replaced it. In those days you were looked at strangely if you bought one on HP or paid cash. But things are different now - how many people rent their TVs today?
Will Gav consider leasing a new vehicle in future? - my money is that he will as he has had a guts full of his van expenses and no manufacturer warranty to fall back on. Those of us who haven't experienced than won't understand.
(Leasing companies such as Northgate have taken this one step further. You can lease a new vehicle from them and they will replace it with another nearly new one when yours goes in for service. No good for us though because of the secured equipment we have in the back, but this is how the leasing market is evolving. This is especially good for those who do high annual mileages.)
Spruce
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nice reply spuce il deffo
have a new van its just working
out which is the best option 4 me ;D ;D
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nice reply spuce il deffo
have a new van its just working
out which is the best option 4 me ;D ;D
Hi Gav
When the time comes your mate will best advise you. Things have moved on in the leasing world since I left 7 years ago, although the basic tax implications haven't changed.
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was talking about it 2day
the thing that will hurt me is
the vat upfront and losing the money ;D ;D ;D
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The trouble with lease or contract hire is that when you have to hand it back after three years you start thinking this van would have been virtually paid for if I had bought it. Now I have to hand it back and I've got nothing to show for my money.
If you buy new, the costs are about the same as lease or contract rent but you keep the van and its still got loads of life left in it. Also, if you buy new you look after it and you know the history from day one. Big advantage because we all know vans get thrashed and don't (often) get properly maintained.
The dealers are falling over themselves to do deals on new vans at the moment.
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some good replies so far. anyone on here with lease vans?
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Yea me. I use one vehicle for everything, one man band, Astravan 1.7cdti sportive. Working well for me at the mo.
I,m also much quicker now with the van mount, can earn nearly £50 per day more than with backpack. Happy days.
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The trouble with lease or contract hire is that when you have to hand it back after three years you start thinking this van would have been virtually paid for if I had bought it. Now I have to hand it back and I've got nothing to show for my money.
If you buy new, the costs are about the same as lease or contract rent but you keep the van and its still got loads of life left in it. Also, if you buy new you look after it and you know the history from day one. Big advantage because we all know vans get thrashed and don't (often) get properly maintained.
The dealers are falling over themselves to do deals on new vans at the moment.
Hi Vince
As I said earlier, its a very personal thing.
I would like to pick up on what you said when "you have to hand it back after three years you start thinking this van would have been virtually paid for if I had bought it." Yes you are right, but at that point you still own a depreciating 'asset' which will be virtually worthless in 5 or 6 years after this point. If you keep it on you will then have the higher and higher maintenance costs that automatically come with owning an older vehicle. The longer you hold onto your old vehicle, the harder it becomes to get a new one again.
I wonder how Gav's maintenance bill would compare to the monthly rentals on a new van over a 3 year period?
I do very little mileage, 5k a year is average, so leasing is not an attractive proposition for me. But if I was doing 12 to 15k then I would most definitely consider this option.
Spruce
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i am doing about 8k i'd reckon per yearin my van. why is leasing no good if you do low miles?
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i thought low mileage wud be better??? ???
will ask gary ::)
some deals if you go over agreed mileage
theres a charge i do a gud 12k a year may be more ;)
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Hi,
(By leasing I mean renting the use of a van and handing it back at the end of the contract - example Contract Hire. Please see previous post in this thread)
The higher the yearly mileage the higher the depreciation of the vehicle will be so the monthly rental will increase, which is obvious.
But it does not work the other way to the same degree. Lets take an extreme senario to illustrate this. If you only did 1000 miles a year and took out a 4 year lease, your van would only have 4000 miles on it at the end of it's contract. Although the van will be nearly new mileage wise, it will still only be worth 40% to 50% of its original list price with that mileage. So if you divide the costs of the whole contract by the miles covered, your cost per mile will be very high. Hence the reason why I believe that leasing isn't always the best option at low mileages.
We found that most of our corporate customers who had a mixture of cars and vans tendered to buy the vans for local use outright and tendered to lease the vans that would do a higher mileage. Most leasing companies wouldn't take on vehicles that do extremely high annual mileages as the costs don't make sense. IMO leasing is an option with moderate mileage vehicles.
There are other finance deals (sometimes referred to a leasing, such as Finance Lease, Personal Finance Lease etc) that are available that would be OK for people who do very low mileages. Local Window cleaners aren't the only ones that fit into the catagory, There are painters & decorators, plumbers, electricians, joiners etc, some of whom only do minimal mileage.
Spruce
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Hi Fellas,
There is a bit more to it, the best person to advise you is your accountant.
With contract hire, the van is a liability - not an asset, so the rentals can be claimed against your taxable profit. After a predtertimined time, the van gets handed back, and you start a new contract (without the option to purchase). This can be a problem if the van is likely to be abused during your ownership, as it must be above a certain standard to avoid charges.
With purchase, you can claim depreciation, and relief on the interest of any monthly payments, and the van shows as a business asset - and what you do with the van is entirely up to you (run it into the ground if you like!)
Then there's lease purchase with balloon, which gives you quite low monthly payments, but with a hefty payment at the end (which is NOT guaranteed to be met by the value of the van)
So basically, it's not really a one-size fits all solution - and you need to consider your own circumstances before making a decision.
Regards,
Ashley
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Hi Fellas,
There is a bit more to it, the best person to advise you is your accountant.
With contract hire, the van is a liability - not an asset, so the rentals can be claimed against your taxable profit. After a predtertimined time, the van gets handed back, and you start a new contract (without the option to purchase). This can be a problem if the van is likely to be abused during your ownership, as it must be above a certain standard to avoid charges.
With purchase, you can claim depreciation, and relief on the interest of any monthly payments, and the van shows as a business asset - and what you do with the van is entirely up to you (run it into the ground if you like!)
Then there's lease purchase with balloon, which gives you quite low monthly payments, but with a hefty payment at the end (which is NOT guaranteed to be met by the value of the van)
So basically, it's not really a one-size fits all solution - and you need to consider your own circumstances before making a decision.
Regards, ;)
Ashley
Good post, at last some good info coming out of the forum ;)
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hi
one other thing contract hire and other hp vehicles with balloons, when you hand them back they expect them to be in very good condition. they need the high residual values to clear the outstanding balance.
we use contract hire for cars, but if you have staff i wouldnt let them use lease vans. if they dink them or leave the cab in a state you will get hit with heavy charges at the end of lease /hire term.
this can blow your budgeting figures out completely. for vans i prefer to go to a good quality used car dealer put the vat down as a deposit and do a straight loan for the rest. if your vat registered you can claim the vat straight back.
then the repayments can be very low, not as low hire or lease granted but only a tad more. then you own it at the end of the loan. if your doing 8000 a year you could buy something with 30000 on the clock and in three years its yours with only 54000 so a few more good years for free. yes you will have maintenance but that will be less than starting another lease!
cheers
john