Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: chanster00 on June 19, 2013, 12:40:46 am
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Am not VAT registered! van has cost me £850 this month alone! in repairs. AM NOT HAPPY.
should i lease a van? or only if am vat registered!
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Suggest you speak to your accountant first however I will be leasing a new van in the near future
My reasons are low deposit normally 3 payments up front
100 % tax deductable so for every £100 paid I will be saving £20 in tax relief
hopefully no big repair bills or mot's
sell my current van for cash
i used to sell lease and contract hire so im comfortable with the concept and know ways around excess mileage charges / fines for poor condition etc - not dodgy neither ways include pepeercorn rental / selling to a 3rd party ... all legal
however having said all that cant beat having no payments on a cheap van owned outright bought for cash ;D
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Great response Neil! Thanks am intrigued about these bits of knowledge on contract hire u know. Ill be coming back to you in about 3 years for advise.
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repair bills are a real downer. clutch went on my van recently and i got a mobile mechanic to do it-but the stupid oaf got bogged down and yeh it had a new clutch now but it ran awful with a smoke trail - oh you will be allrite he says - gerroutta here u dildo
with my back to the wall i had to get down n dirty and sort it all out and alls well now
its took a yr off my life tho ,the stress
hopefully now ur vans fixed you too will start smilin agen fellah
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on top of all this my well known "friend of mecanic" ripped me off salt to the wounds! upset about that
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buy new, 3 year warranty any problems its sorted and your not out of pocket, some good deals on new vans, look after it and sell it when your done and buy new again,
or lease and basically pay for a new van then hand it back when you've finished paying for it and your left with nothing
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Scribble understand what your saying about buy new. But if ya sell and buy after 3 years ain't just the same as leasing....cost wise. And lease is 100% tax deductible
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Buying is 100% tax deductible.
You also have a capital worth after 3 years if you but it.
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Scribble understand what your saying about buy new. But if ya sell and buy after 3 years ain't just the same as leasing....cost wise. And lease is 100% tax deductible
defo not, my brand new van was 12k, after 3 years its gonna be worth 6k still, wether or not i decide to sell i dont know,
but if you lease a van, i could of and it was offered to me, i got offered the same van as i bought and after all the lease payments it totalled up to basically 12k but then i would have had to hand the van back over being left with nothing,
with buying the van it still goes all through the books,
leasing is just hiring a van, it aint yours.
there are some cheap brand new vans about if you look
http://www.ebay.co.uk/itm/0000-Fiat-Doblo-MAXI-1-6-LWB-16V-SX-VAN-L2-H1-Diesel-White-Manual-/251265616098?pt=UK_Commercial_Trucks&hash=item3a809908e2
http://www.ebay.co.uk/itm/2013-RENAULT-TRAFIC-Trafic-SL27-Dci-115-/370829283477?pt=UK_Commercial_Trucks&hash=item565725d095
http://www.ebay.co.uk/itm/Fiat-Scudo-VAN-L1h1-1-6-Multijet-Comfort-90-in-White-/360512113770?pt=UK_Commercial_Trucks&hash=item53f0324c6a
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I prefer to own my vehicles.
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I prefer to own my vehicles.
+1 my fleet are mine.
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So would I if I had defenders. What a hero I love it
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I've just got a brand new transit on a lease. Best thing I've done. 100% deductible and if I do want to buy it then I still get a good deal if not they give me market price so I still may have some money in it to cover a deposit. I leased at deposit of 825 and then 47 payments of 275 or I could buy at deposit of 2k and then 420 a month
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I've just got a brand new transit on a lease. Best thing I've done. 100% deductible and if I do want to buy it then I still get a good deal if not they give me market price so I still may have some money in it to cover a deposit. I leased at deposit of 825 and then 47 payments of 275 or I could buy at deposit of 2k and then 420 a month
so your paying £13750 to hire a van? i bought my van brand new for less than that, no finance cash purchase
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Alright Ste did u get a custom, or trend? Are they any good
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The rules have changed as regards tax on purchasing vans now you can count the entire purchase of a van against the business profits by means of AIA (Annual Investment Allowance). Buying a van and leasing a van are of a similar cost but at the end you have 2 very different results, with one you end up with a van the other you don't.
Simon.
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My accountant said I can only claim 20% each year
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That'll be because your actual costs are spread over 5 years.
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I've just got a brand new transit on a lease. Best thing I've done. 100% deductible and if I do want to buy it then I still get a good deal if not they give me market price so I still may have some money in it to cover a deposit. I leased at deposit of 825 and then 47 payments of 275 or I could buy at deposit of 2k and then 420 a month
so your paying £13750 to hire a van? i bought my van brand new for less than that, no finance cash purchase
If he buys the van it will cost him £21740 over 4 years
If leases the van it costs £13750 over 4 years.
By leasing he saves £7990
Then 4 years servicing and consumables lets say another £1000.
Then its 100% tax deductible a owned new van is considered an asset so you can only claim for
a percentage.
At the end of 4 years is he any worse off.
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I've just got a brand new transit on a lease. Best thing I've done. 100% deductible and if I do want to buy it then I still get a good deal if not they give me market price so I still may have some money in it to cover a deposit. I leased at deposit of 825 and then 47 payments of 275 or I could buy at deposit of 2k and then 420 a month
+1
so your paying £13750 to hire a van? i bought my van brand new for less than that, no finance cash purchase
If he buys the van it will cost him £21740 over 4 years
If leases the van it costs £13750 over 4 years.
By leasing he saves £7990
Then 4 years servicing and consumables lets say another £1000.
Then its 100% tax deductible a owned new van is considered an asset so you can only claim for
a percentage.
At the end of 4 years is he any worse off.
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I Would love a new van but can not bring myself to
pay the VAT so went for one 12 mths old
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I was wondering about lease purchase.
Any ideas on that? I believe you only pay a little more than hire purchase and then the van is yours at the end or have I got it wrong. (Quite likely been a long day)
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I've just got a brand new transit on a lease. Best thing I've done. 100% deductible and if I do want to buy it then I still get a good deal if not they give me market price so I still may have some money in it to cover a deposit. I leased at deposit of 825 and then 47 payments of 275 or I could buy at deposit of 2k and then 420 a month
so your paying £13750 to hire a van? i bought my van brand new for less than that, no finance cash purchase
not bad considering the van is worth 25k, im not sure if you can work it out or if your just sitting there thinking your clever but ill explain a slight bit for you.
i aint stupid, ive got a brain that works and the sums add up for me plus im not driving round in a piece of crap that can break down at any minute and cost a fortune, oh and if anything happens in the next 3 years then i give it back they fix it and i get a courtesy van whilst its in. Oh and also after 4 years i can buy it for a damn site less than most people can get a 4 year old limited edition transit van.
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Alright Ste did u get a custom, or trend? Are they any good
i got the last of the old shape transit, mwb medium roof and its bloody awesome mate, its the limited model, i prefer the medium roof and the medium wheel base now gives me enough room to carry all my gear all the time so i dont get to a job only to realise ive left something behind. should meet up mate an you can have a nose
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I've just got a brand new transit on a lease. Best thing I've done. 100% deductible and if I do want to buy it then I still get a good deal if not they give me market price so I still may have some money in it to cover a deposit. I leased at deposit of 825 and then 47 payments of 275 or I could buy at deposit of 2k and then 420 a month
so your paying £13750 to hire a van? i bought my van brand new for less than that, no finance cash purchase
If he buys the van it will cost him £21740 over 4 years
If leases the van it costs £13750 over 4 years.
By leasing he saves £7990
Then 4 years servicing and consumables lets say another £1000.
Then its 100% tax deductible a owned new van is considered an asset so you can only claim for
a percentage.
At the end of 4 years is he any worse off.
Well done mate, someone else who understands the concept of saving and making money, oh and by the way the servicing is now every two years and only costs £100 per service :) . in the near 3 years i had my last one i probably spent £500 tops, that was 3 years old when i bought it, i dont expect any costs like that this time as i look after my vehicles and so do the lads
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Alright Ste did u get a custom, or trend? Are they any good
i got the last of the old shape transit, mwb medium roof and its bloody awesome mate, its the limited model, i prefer the medium roof and the medium wheel base now gives me enough room to carry all my gear all the time so i dont get to a job only to realise ive left something behind. should meet up mate an you can have a nose
Love too mate! Need u to explain this leasing stuff also if ya would. Just been thinking if my fuel pump went now my van would be a write off! Need to sell it. Am leaning towards a lease
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I have my own leasing company and can lease you a new transit custom for £209 per month plus vat and its only a 2yr contract
email craig@mcmleasing.co.uk if interested or you need another van as the above is just an example.
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Chanster. The old skyway now peoples do the new custom for 200 plus vat. Give me a bell anytime if you want to ask anythin. 07739463823