Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: aquakadabra on February 12, 2018, 11:24:16 pm
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thinking of going in to leasing vans I already own 2 vans but had both of them break down in new year one costing 500 the other 950 and just wondering if it would be cheaper to lease.
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Very doubtful it would be cheaper to lease.
For example a typical lease over 5 years might be around 20k or more.
If you bought a 5k van what's the chances of it needing 15k of work doing in 5 years?
So no it most likely won't be cheaper however you might enjoy having a new van for a few years that shouldn't need any work doing for a long time.
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Exactly. Its a misconception that leasing is cheaper. Its easier, but not cheaper.
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Be religious about putting money aside for van repairs - say £100 a month on standing order and that will help enormously.
Maybe put in an ISA and "ringfence" it from yourself. ;D
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leasing is defo not cheaper...what i did though was put some of my work up to cover the cost of the monthly rental.from enquiring about a new van to getting it delivered on my driveway took around 3 weeks....i had to pay 3 months rental up front.at the end of the lease(5 years)ill have paid out 13k.the balloon payment is 7k so thatll be 20-21k including VAT but the van should still be in good condition with around 20k on the clock.i could then have the van for another 5 years before selling it,or even another 5 years after that.
i have the option of trading it in after 5 years and getting another deal on a new van,or selling it to pay the balloon payment or just continue to pay my monthly rental and no balloon payment until i decide to sell it....
i went a bit overboard and got the top spec van(limited version)with heated drivers seat,air con etc.i could of got a cheaper deal on a bog standard version but i thought sod it.i wanted a bit of comfort in my working life after 25 years window cleaning.... ;D
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leasing is defo not cheaper...what i did though was put some of my work up to cover the cost of the monthly rental.from enquiring about a new van to getting it delivered on my driveway took around 3 weeks....i had to pay 3 months rental up front.at the end of the lease(5 years)ill have paid out 13k.the balloon payment is 7k so thatll be 20-21k including VAT but the van should still be in good condition with around 20k on the clock.i could then have the van for another 5 years before selling it,or even another 5 years after that.
i have the option of trading it in after 5 years and getting another deal on a new van,or selling it to pay the balloon payment or just continue to pay my monthly rental and no balloon payment until i decide to sell it....
i went a bit overboard and got the top spec van(limited version)with heated drivers seat,air con etc.i could of got a cheaper deal on a bog standard version but i thought sod it.i wanted a bit of comfort in my working life after 25 years window cleaning.... ;D
Daz,
Whilst the van is still new I would make enquiries as to what level of rust protection Ford are applying to their vans made in Turkey (outside EU). If its questionable and you want to keep the van that long, then I would be looking to get a good rust treatment done now by a reputable center before the dreaded tin worm gets a foothold.
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leasing is defo not cheaper...what i did though was put some of my work up to cover the cost of the monthly rental.from enquiring about a new van to getting it delivered on my driveway took around 3 weeks....i had to pay 3 months rental up front.at the end of the lease(5 years)ill have paid out 13k.the balloon payment is 7k so thatll be 20-21k including VAT but the van should still be in good condition with around 20k on the clock.i could then have the van for another 5 years before selling it,or even another 5 years after that.
i have the option of trading it in after 5 years and getting another deal on a new van,or selling it to pay the balloon payment or just continue to pay my monthly rental and no balloon payment until i decide to sell it....
i went a bit overboard and got the top spec van(limited version)with heated drivers seat,air con etc.i could of got a cheaper deal on a bog standard version but i thought sod it.i wanted a bit of comfort in my working life after 25 years window cleaning.... ;D
Daz,
Whilst the van is still new I would make enquiries as to what level of rust protection Ford are applying to their vans made in Turkey (outside EU). If its questionable and you want to keep the van that long, then I would be looking to get a good rust treatment done now by a reputable center before the dreaded tin worm gets a foothold.
Hi Spruce, just picking your Brains if you don't mind, i have just recently bought a new Transit Custom, just wondering
what sort of Rust treatments are available for new vehicles, as i live near the sea in Galway ireland, the rust problem could
be a lot worse.
Larry
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leasing is defo not cheaper...what i did though was put some of my work up to cover the cost of the monthly rental.from enquiring about a new van to getting it delivered on my driveway took around 3 weeks....i had to pay 3 months rental up front.at the end of the lease(5 years)ill have paid out 13k.the balloon payment is 7k so thatll be 20-21k including VAT but the van should still be in good condition with around 20k on the clock.i could then have the van for another 5 years before selling it,or even another 5 years after that.
i have the option of trading it in after 5 years and getting another deal on a new van,or selling it to pay the balloon payment or just continue to pay my monthly rental and no balloon payment until i decide to sell it....
i went a bit overboard and got the top spec van(limited version)with heated drivers seat,air con etc.i could of got a cheaper deal on a bog standard version but i thought sod it.i wanted a bit of comfort in my working life after 25 years window cleaning.... ;D
Daz,
Whilst the van is still new I would make enquiries as to what level of rust protection Ford are applying to their vans made in Turkey (outside EU). If its questionable and you want to keep the van that long, then I would be looking to get a good rust treatment done now by a reputable center before the dreaded tin worm gets a foothold.
my local garage specializes in bodywork repairs and rust treatments..in fact their going to apply some chemical to the underside of my golf to protect it from any further rust..or at least slow it down a bit..... :)
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thanks for all the advice guys much appreciated
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leasing is defo not cheaper...what i did though was put some of my work up to cover the cost of the monthly rental.from enquiring about a new van to getting it delivered on my driveway took around 3 weeks....i had to pay 3 months rental up front.at the end of the lease(5 years)ill have paid out 13k.the balloon payment is 7k so thatll be 20-21k including VAT but the van should still be in good condition with around 20k on the clock.i could then have the van for another 5 years before selling it,or even another 5 years after that.
i have the option of trading it in after 5 years and getting another deal on a new van,or selling it to pay the balloon payment or just continue to pay my monthly rental and no balloon payment until i decide to sell it....
i went a bit overboard and got the top spec van(limited version)with heated drivers seat,air con etc.i could of got a cheaper deal on a bog standard version but i thought sod it.i wanted a bit of comfort in my working life after 25 years window cleaning.... ;D
Daz,
Whilst the van is still new I would make enquiries as to what level of rust protection Ford are applying to their vans made in Turkey (outside EU). If its questionable and you want to keep the van that long, then I would be looking to get a good rust treatment done now by a reputable center before the dreaded tin worm gets a foothold.
Hi Spruce, just picking your Brains if you don't mind, i have just recently bought a new Transit Custom, just wondering
what sort of Rust treatments are available for new vehicles, as i live near the sea in Galway ireland, the rust problem could
be a lot worse.
Larry
I'm not sure what level of protection the new Fords do have. This is something you need to take up with Ford Technical. They may also not be too committal with regard to this subject. After all, an owner of a previous Transit van may create trouble if he finds out that the van he bought a few months before the new model was released wasn't rust treated where the new model is. So none of the manufacturers released much info on this. (Actually, I didn't know that the facelift Citroen Dispatch from 2004 was galvanised dipped and I used to sell them. I did know that the pre-facelift Dispatch wasn't rust proofed. It didn't make sense to me that the Dispatch wasn't yet the Berlingo from 1999 was.)
I know that local the council have a batch of 10 plate Transit Connects. They had them since new. But I noticed two parked together and the sills were already rotten. These were made in Turkey. The Transit Connect was made there from its release back in 2003.
As I mentioned to Daz I don't know what Ford are doing now with regard to rust protection. Its EU legislated that vehicles built in EU have to have rust protection, but as Ford moved the factory from Southampton to Turkey for economic reasons, I am not sure what they can get away with, with Turkey not an EU member.
I think the biggest problem is finding a rust proofer that actually does a good job and actually sprays inside the channels and sills. I had mine done by the body shop that did a rust repair and it was a total joke. One of the inside of the mudguards they just sprayed over the mud still inside. They did nothing of what they were supposed to do. The result today is my sills are rusty.
Preferrably you need to take the day off and watch them do it. If they don't agree then you have to make the decision whether to trust them or not. After all, these treatments cost around £750 so you really need to know that they are doing a good job.
I still think that for internal box sections Waxoyl is still the one to beat, but there could be better products out there. You just need to do research.
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My accountant said to me don’t worry about spending a fair bit on repairs you will benefit from it over lease or HP at the moment in my current situation as regards my tax,this week I need a new DMflywheel £1000 2 new rear bearings 4 new tyres and in the near future a new turbo so not much change out of 2-2500 grand. The thing is it’s alright moaning but if I don’t have a vehicle I ain’t earning,you can have un told trouble with a brand new van all my van troubles have all come at the mileage and time they are likely to happen
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Thing is if you buy a cheap van you generally spend money on repairs and days off work with breakdowns and if you buy a brand new van you spend money on depreciation.
So take your choice. You can't win either way with vehicles they are always money pits.
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My accountant said to me don’t worry about spending a fair bit on repairs you will benefit from it over lease or HP at the moment in my current situation as regards my tax,this week I need a new DMflywheel £1000 2 new rear bearings 4 new tyres and in the near future a new turbo so not much change out of 2-2500 grand. The thing is it’s alright moaning but if I don’t have a vehicle I ain’t earning,you can have un told trouble with a brand new van all my van troubles have all come at the mileage and time they are likely to happen
Surely if you knew of these problems you would av been better chopping the van in for something newer with less miles? £2500 on repairs is madness, tax deductible or not.
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Ignore the tyres that’s just run it the mill we all need them don’t we,it’s a dual mass flywheel and the the turbo is on the way out it’s a VW T5 so it’s big money on those vans. It’s a great van I’d rather keep it at the mo rather than chuck it in for a brand new trafic or similar,it’s the first big bill I’ve had with it in 3-4 years so I ain’t bothered if I got another bill like that in say 12 months it would be going but it’s earned me a good living over that time.
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And I didn’t know I had a knock which I was I told was the DPF filter so I had the van remapped and at the same time had the DPF taken out of the electronics. A bit of advise for VW Transporter owners get it mapped mines now 180 brake it drives so so much better,when they say it makes it more fuel efficient they are right I’m hardly out of 5-6th gear now and it pulls up hills in 5th like it did in 3rd before.
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And I didn’t know I had a knock which I was I told was the DPF filter so I had the van remapped and at the same time had the DPF taken out of the electronics. A bit of advise for VW Transporter owners get it mapped mines now 180 brake it drives so so much better,when they say it makes it more fuel efficient they are right I’m hardly out of 5-6th gear now and it pulls up hills in 5th like it did in 3rd before.
Is that why the clutch /flywheel is pooped? 😁
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And I didn’t know I had a knock which I was I told was the DPF filter so I had the van remapped and at the same time had the DPF taken out of the electronics. A bit of advise for VW Transporter owners get it mapped mines now 180 brake it drives so so much better,when they say it makes it more fuel efficient they are right I’m hardly out of 5-6th gear now and it pulls up hills in 5th like it did in 3rd before.
Is that why the clutch /flywheel is pooped? 😁
Highly likely. :)
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And I didn’t know I had a knock which I was I told was the DPF filter so I had the van remapped and at the same time had the DPF taken out of the electronics. A bit of advise for VW Transporter owners get it mapped mines now 180 brake it drives so so much better,when they say it makes it more fuel efficient they are right I’m hardly out of 5-6th gear now and it pulls up hills in 5th like it did in 3rd before.
From May this year MOT tests are becoming more strict. Its very easy for an MOT inspector to see if the vehicle has a non working dpf filter just by running his finger around the inside of the exhaust pipe. If its sooty, then the dpf filter is 'faulty.'
Is that a justification on its own to fail the diesel? How far does the 'visual inspection' go?
http://garagewire.co.uk/news/mot-dpf-changes-now-expected-in-may-2018-dvsa-confirms/
I always think the comments from readers that follow an article like this are worth the read.
Car is in for MOT this morning, so we will ask the tester's opinion. (And the testers opinion in certain aspects is very important. For example, our local inspector will fail a van at MOT if we secure our tanks through the chassis. He says that drilling holes in it will weaken its structure. Another MOT inspector doesn't see this as an issue if its done 'correctly'.)
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My accountant said to me don’t worry about spending a fair bit on repairs you will benefit from it over lease or HP at the moment in my current situation as regards my tax,this week I need a new DMflywheel £1000 2 new rear bearings 4 new tyres and in the near future a new turbo so not much change out of 2-2500 grand. The thing is it’s alright moaning but if I don’t have a vehicle I ain’t earning,you can have un told trouble with a brand new van all my van troubles have all come at the mileage and time they are likely to happen
what are you on about? ::)roll
"you can have untold trouble with a new van"??????
your more likely to have trouble with an old van like yours mate.....
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Leasing is absolutely cheaper than buying.....
When you compare brand new vehicles.
Buying a vehicle is only cheaper, if you either buy very cheap, and run it for a while, or you buy a new vehicle, and keep it for say 8-10
Years.
I bought a van, but I also lease a pick up.
Over the 4 years I’ve had the pickup, it will save me about £12,000, instead of buying.
I’ve got no hassle with worrying about repair bills, and even down time. The leasing company will
Provide me a replacement if it breaks down and needs repaired.
Both lease and buy have positives and negatives.
Sometimes it’s nice every 3 or 4 years to just get a new shiny vehicle that is reliable and won’t cost you money in down time.
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leasing is defo not cheaper...what i did though was put some of my work up to cover the cost of the monthly rental.from enquiring about a new van to getting it delivered on my driveway took around 3 weeks....i had to pay 3 months rental up front.at the end of the lease(5 years)ill have paid out 13k.the balloon payment is 7k so thatll be 20-21k including VAT but the van should still be in good condition with around 20k on the clock.i could then have the van for another 5 years before selling it,or even another 5 years after that.
i have the option of trading it in after 5 years and getting another deal on a new van,or selling it to pay the balloon payment or just continue to pay my monthly rental and no balloon payment until i decide to sell it....
i went a bit overboard and got the top spec van(limited version)with heated drivers seat,air con etc.i could of got a cheaper deal on a bog standard version but i thought sod it.i wanted a bit of comfort in my working life after 25 years window cleaning.... ;D
Daz,
Whilst the van is still new I would make enquiries as to what level of rust protection Ford are applying to their vans made in Turkey (outside EU). If its questionable and you want to keep the van that long, then I would be looking to get a good rust treatment done now by a reputable center before the dreaded tin worm gets a foothold.
Hi Spruce, just picking your Brains if you don't mind, i have just recently bought a new Transit Custom, just wondering
what sort of Rust treatments are available for new vehicles, as i live near the sea in Galway ireland, the rust problem could
be a lot worse.
Larry
I'm not sure what level of protection the new Fords do have. This is something you need to take up with Ford Technical. They may also not be too committal with regard to this subject. After all, an owner of a previous Transit van may create trouble if he finds out that the van he bought a few months before the new model was released wasn't rust treated where the new model is. So none of the manufacturers released much info on this. (Actually, I didn't know that the facelift Citroen Dispatch from 2004 was galvanised dipped and I used to sell them. I did know that the pre-facelift Dispatch wasn't rust proofed. It didn't make sense to me that the Dispatch wasn't yet the Berlingo from 1999 was.)
I know that local the council have a batch of 10 plate Transit Connects. They had them since new. But I noticed two parked together and the sills were already rotten. These were made in Turkey. The Transit Connect was made there from its release back in 2003.
As I mentioned to Daz I don't know what Ford are doing now with regard to rust protection. Its EU legislated that vehicles built in EU have to have rust protection, but as Ford moved the factory from Southampton to Turkey for economic reasons, I am not sure what they can get away with, with Turkey not an EU member.
I think the biggest problem is finding a rust proofer that actually does a good job and actually sprays inside the channels and sills. I had mine done by the body shop that did a rust repair and it was a total joke. One of the inside of the mudguards they just sprayed over the mud still inside. They did nothing of what they were supposed to do. The result today is my sills are rusty.
Preferrably you need to take the day off and watch them do it. If they don't agree then you have to make the decision whether to trust them or not. After all, these treatments cost around £750 so you really need to know that they are doing a good job.
I still think that for internal box sections Waxoyl is still the one to beat, but there could be better products out there. You just need to do research.
my old transit connect was 11 years old and i had virtually NO rust on it apart from a bit on the drivers door,sills were fine.sometimes its just pot luck.....
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leasing is defo not cheaper...what i did though was put some of my work up to cover the cost of the monthly rental.from enquiring about a new van to getting it delivered on my driveway took around 3 weeks....i had to pay 3 months rental up front.at the end of the lease(5 years)ill have paid out 13k.the balloon payment is 7k so thatll be 20-21k including VAT but the van should still be in good condition with around 20k on the clock.i could then have the van for another 5 years before selling it,or even another 5 years after that.
i have the option of trading it in after 5 years and getting another deal on a new van,or selling it to pay the balloon payment or just continue to pay my monthly rental and no balloon payment until i decide to sell it....
i went a bit overboard and got the top spec van(limited version)with heated drivers seat,air con etc.i could of got a cheaper deal on a bog standard version but i thought sod it.i wanted a bit of comfort in my working life after 25 years window cleaning.... ;D
Daz,
Whilst the van is still new I would make enquiries as to what level of rust protection Ford are applying to their vans made in Turkey (outside EU). If its questionable and you want to keep the van that long, then I would be looking to get a good rust treatment done now by a reputable center before the dreaded tin worm gets a foothold.
Hi Spruce, just picking your Brains if you don't mind, i have just recently bought a new Transit Custom, just wondering
what sort of Rust treatments are available for new vehicles, as i live near the sea in Galway ireland, the rust problem could
be a lot worse.
Larry
I'm not sure what level of protection the new Fords do have. This is something you need to take up with Ford Technical. They may also not be too committal with regard to this subject. After all, an owner of a previous Transit van may create trouble if he finds out that the van he bought a few months before the new model was released wasn't rust treated where the new model is. So none of the manufacturers released much info on this. (Actually, I didn't know that the facelift Citroen Dispatch from 2004 was galvanised dipped and I used to sell them. I did know that the pre-facelift Dispatch wasn't rust proofed. It didn't make sense to me that the Dispatch wasn't yet the Berlingo from 1999 was.)
I know that local the council have a batch of 10 plate Transit Connects. They had them since new. But I noticed two parked together and the sills were already rotten. These were made in Turkey. The Transit Connect was made there from its release back in 2003.
As I mentioned to Daz I don't know what Ford are doing now with regard to rust protection. Its EU legislated that vehicles built in EU have to have rust protection, but as Ford moved the factory from Southampton to Turkey for economic reasons, I am not sure what they can get away with, with Turkey not an EU member.
I think the biggest problem is finding a rust proofer that actually does a good job and actually sprays inside the channels and sills. I had mine done by the body shop that did a rust repair and it was a total joke. One of the inside of the mudguards they just sprayed over the mud still inside. They did nothing of what they were supposed to do. The result today is my sills are rusty.
Preferrably you need to take the day off and watch them do it. If they don't agree then you have to make the decision whether to trust them or not. After all, these treatments cost around £750 so you really need to know that they are doing a good job.
I still think that for internal box sections Waxoyl is still the one to beat, but there could be better products out there. You just need to do research.
my old transit connect was 11 years old and i had virtually NO rust on it apart from a bit on the drivers door,sills were fine.sometimes its just pot luck.....
No when it comes to transits its a lot more than pot luck if you get a rust free one, they are well known for being rust buckets
which in todays times is an absolute disgrace.
That said they are a real workhorse that can handle all sorts of abuse so as long as that doesn't change the guys who use them will put up with the rust concerns.
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Be religious about putting money aside for van repairs - say £100 a month on standing order and that will help enormously.
Maybe put in an ISA and "ringfence" it from yourself. ;D
I also used to do this, I saved for repairs which always covered any that needed doing, plus I saved for a replacement van so when the old one finally gave up the ghost I had enough to buy another half way decent one.
The only advantage of leasing (other than having a spanking new van) is that the interest/rental element of the payments is tax deductible.
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Leasing is absolutely cheaper than buying.....
When you compare brand new vehicles.
Buying a vehicle is only cheaper, if you either buy very cheap, and run it for a while, or you buy a new vehicle, and keep it for say 8-10
Years.
I bought a van, but I also lease a pick up.
Over the 4 years I’ve had the pickup, it will save me about £12,000, instead of buying.
I’ve got no hassle with worrying about repair bills, and even down time. The leasing company will
Provide me a replacement if it breaks down and needs repaired.
Both lease and buy have positives and negatives.
Sometimes it’s nice every 3 or 4 years to just get a new shiny vehicle that is reliable and won’t cost you money in down time.
I really can't see where leasing is cheaper than buying. It may well be lower monthly payments but on the long run will work out more expensive. Could you break down where you are saving 12K on the pick up, are you forgetting that if you buy you then have an asset?
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And I didn’t know I had a knock which I was I told was the DPF filter so I had the van remapped and at the same time had the DPF taken out of the electronics. A bit of advise for VW Transporter owners get it mapped mines now 180 brake it drives so so much better,when they say it makes it more fuel efficient they are right I’m hardly out of 5-6th gear now and it pulls up hills in 5th like it did in 3rd before.
Is that why the clutch /flywheel is pooped? 😁
No it was pooped before I’ve only just had it re mapped with the issues still I’m getting it done this week.
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If you keep a van long enough then even replacing a tyre could mean spending more money on the tyre than the van's worth.
In days gone by, the rfl on the windscreen was sometimes worth more than the scrap value of the car. I also heard the sales manager ask how much fuel was left in the trade in. ;D
I know that was funny, but some poor guy once filled his tank up and then he had a major mechanical failure a few miles on. It was worth removing the fuel from the car before it went to scrap.
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What insurance implications does "re-mapping" have?
I mean - do you just have it done and cross your fingers if you have to make a claim?
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I’m quiet happy having to pay a bit out for it last year my expenses were very low to low in fact it ended up costing me money in extra Tax,in the March before I should have spent a bit on new equipment etc at least I’d have had some nice new tools to use.
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Leasing is absolutely cheaper than buying.....
When you compare brand new vehicles.
Buying a vehicle is only cheaper, if you either buy very cheap, and run it for a while, or you buy a new vehicle, and keep it for say 8-10
Years.
I bought a van, but I also lease a pick up.
Over the 4 years I’ve had the pickup, it will save me about £12,000, instead of buying.
I’ve got no hassle with worrying about repair bills, and even down time. The leasing company will
Provide me a replacement if it breaks down and needs repaired.
Both lease and buy have positives and negatives.
Sometimes it’s nice every 3 or 4 years to just get a new shiny vehicle that is reliable and won’t cost you money in down time.
I really can't see where leasing is cheaper than buying. It may well be lower monthly payments but on the long run will work out more expensive. Could you break down where you are saving 12K on the pick up, are you forgetting that if you buy you then have an asset?
If you break down the payments.......
So the vehicle I am currently leasing now, is £32,000 new. ( brand new pick up with all the optional extras)
But over the 4 years I will be leasing it, I’ll only have paid £18,000.
So yes buying could work out cheaper in the long run, IF i was to keep it out of warranty, and run it for a few more years after it was paid off, but generally as soon as I’ve paid off a vehicle I’ve always just traded it in and started again.
This way I’m not having to put down a big deposit, I’ve just got a set monthly payment (which is tax deductible) and hassle free driving in a nice new vehicle.
It’s the first time I’ve ever leased a vehicle, but I can definitely see the appeal.
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at the end of the day we need a half decent van in order to work efficiently these days.years ago any old banger would do as long as you could get a roof rack on it! ;D different story these days if your WFP....
for very little initial outlay (usually 3 months rental)you can be driving around in brand new shiny van for around £200 a month which is easily affordable for lots of us....
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In the long run it’s a lot wiser to lease a new 1 everytime the warranty runs out so if it goes wrong just take it back and get it fixed with no bill if you do happen to get a wrongN. My van is almost going to cost me a years worth of lease payments at 300 a month this month I know we don’t get this kind of situation very often with vans but it does and can happen,if you e got the work it’s no brainer tbh if the WFP equipment wasn’t such a pain to have re fitted I’d have done that exact thing a couple of years ago.