Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: dave the rave on July 01, 2015, 06:07:35 pm
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Thinking of using Vanarama to get a new van being quoted for an 1.6 expert has anyone use Vanarama or use a 1.6 expert with wash and reach . I have a 600 litre tank in my currant van
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You'd be better off with a Trafic/Vivaro/Primestar mate with that tank
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What would everyone say is the best way to finance a new van , buy, lease, pcp, cheers Dave.
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A few interest free purchase credit cards ! Been doing this for years, and even if the worst came to the worst, and you could no longer work for example the vehicle is still yours.
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vauxhall r doing a 0 percent apr on there new vans or u can get a all most new form them with 30k on the clock on finance with a 8 percent apr or there abouts ide get a vivaro my self them 1.6 deisels wont cope with a tank of that size the 2.0 hdi would b a beta option than the 1.6hdi if ur guna go the french van route ;D
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A few interest free purchase credit cards ! Been doing this for years, and even if the worst came to the worst, and you could no longer work for example the vehicle is still yours.
+1 done this last 20 years until now. Easy to get stuck though. They go through times where its not so easy. Also self employed is harder. Got 5 year loan for this van. If its lasts 5 years, all paid
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just about to buy a third vehicle with vanarama, contract purchace, they have always been really good to me
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vauxhall r doing a 0 percent apr on there new vans or u can get a all most new form them with 30k on the clock on finance with a 8 percent apr or there abouts ide get a vivaro my self them 1.6 deisels wont cope with a tank of that size the 2.0 hdi would b a beta option than the 1.6hdi if ur guna go the french van route ;D
0% is a bit of a con, you will pay list price for the van. Nearly new with 30k on the clock :o no thanks.
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ive always bought my vans outright with cash but they are older vans.ive never spent more than 3k on a van for work as i dont see the point when i only do 2500-3000 miles a year in it.(just used for work)
they usually last me 4-5 years with minimal repairs here and there.im very lucky as i have a good cheap local garage for servicing/repairs etc.
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ive always bought my vans outright with cash but they are older vans.ive never spent more than 3k on a van for work as i dont see the point when i only do 2500-3000 miles a year in it.(just used for work)
they usually last me 4-5 years with minimal repairs here and there.im very lucky as i have a good cheap local garage for servicing/repairs etc.
I think your fantastic Daz !
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vauxhall r doing a 0 percent apr on there new vans or u can get a all most new form them with 30k on the clock on finance with a 8 percent apr or there abouts ide get a vivaro my self them 1.6 deisels wont cope with a tank of that size the 2.0 hdi would b a beta option than the 1.6hdi if ur guna go the french van route ;D
0% is a bit of a con, you will pay list price for the van. Nearly new with 30k on the clock :o no thanks.
Agree 100%. O% finance is a hook to reel customers in. Its worked for the past 15 years so they still use it. You need to work the figures of each deal through.
Leasing is primarily for large business users who want to show their business in a better financial light. It also helps them to put a vehicle on the road with a small deposit. Monthly rentals are made to look inviting by an inflated balloon at the end of the contract. A leasing deal is based on a pre agreed annual mileage.
At the end of contact the vehicle is handed back and you take on another vehicle under similar terms. Motor manufacturers love them as they are more likely to get you into another new vehicle at the end the contract period. It all sounds good until something goes wrong, accident damage, higher mileage than agreed, loss of business contracts, etc. if you want to go back to an owned vehicle, its much harder as you have no asset to trade in and you will have a higher initial deposit to pay.
With leasing you are in fact leasing or paying the vehicle's depreciation plus the leaser's profit over that period. The balloon payment at the end of the contract is usually what the vehicle's value is expected to be. Watch out if some market forces reduce the value of that vehicle like they did in 1999. The leasing companies tried every trick in the book to get customers to pay for cosmetic damage etc. to recoup some of their losses. It was quite embarrassing to work in that environment in those days.
Sole traders with CCJ's used to ask for leasing deals when they came into the dealership as they thought that these weren't subject to credit checks. They are subject to credit checks, usually more rigid that HP deals as the lease company had to wait longer before the deal started to show a profit.
If you can arrange a personal loan at a low rate then that's worth considering. Many have mortgages that they can borrow funds from at a low interest rate. But you have to be ruthless with yourself and ensure that the amount is put back in every month without fail.
Don't be tempted with those large final payment deals. The finance institutions want you to have to re finance that final payment to make it so they can make some more money out of you.
I'm inclined to advise the same route as Dazmond has taken. Buy a good second oldish van; not a banger. Yes, you may have to spend a bit of money on repairs, but it will never cost you what the depreciation is on a new van.
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Thanks Spruce very informative.
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Cheers Spruce.
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How you finance a van is really more how you feel rather than the actual scheme itself. If you aren't happy, then don't do it. Business finances are mostly dictated by the company's accountant. He is solely driven by market factors. Very few of us are in that position.
No matter how you finance your vehicle, lease, HP or outright purchase with a personal loan, that same vehicle will depreciate in value. What counts when making your decision is what happens in three or four years down the road. If you feel the right thing to do is to replace your vehicle every 3 or 4 years with a new one, then it doesn't matter if its registered in your name or in a finance companies name. If your annual mileage is unpredictable, then leasing isn't a good idea. Going over mileage allowances costs money.
Most companies are inclined to buy their vans rather than leasing them. Leasing, especially contract hire is usually reserved for company cars that are better looked after.
I remember that the only way a lot of households could afford a colour TV back in the 70's was to rent it. It was an accepted way of getting into colour. Now renting a TV is virtually unheard of.
Interesting, I rented a concrete breaker last weekend from HSS. I asked a few questions on the Monday when I returned it and found that HSS lease their breakers from Hilti who also service and repair them. At one time it was only the large equipment that was leased.
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Vanarama works for me.
1st one had for 4years.
Owned it for a day!!!
Sold it , got more than the balloon payment was.
Got a transit custom Limited now.
Lovely van, all I seem to to is drive it and then top up petrol and windscreen washer bottle.
100% tax deductible and I don't worry, I just earn with it.
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what are they like about waterproofing the floor and tank bolted down holes, hose ports
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On my transit, the first thing I did was cut a hole in the floor and fitted roller guides.
My last van, at the end of the 4 year lease I didn't ask what they thought of the condition of the vehicle as I paid the balloon and sold it privately, technically I never owned it as I had a buyer ready and I transferred it to them for cash.
I'm not sure what I'll do in 4 years time.
If I give it back I may just get it welded and fit the hole I cut from the floor lining back.