Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: groundhog on February 04, 2010, 09:44:57 am
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I'm in need of a new van and have been considering getting one on lease, does anyone on here lease their van or got any experience of leasing etc? thanks
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Yes. I got my van from vans direct and they arranged the leasing through Bank of Scotland.
It is a Doblo 1.3SX which lets me take up to 500L as a sole operator (736kg payload). New ones are a bit more payload.
Anyhoo the deal.
48 month lease with 3 months up front and a balloon at the end.
So (approx here cuz of vat changes) inclusive of VAT.
1st payment - £540
then 47 of £179
then £2500 lump sum balloon rental due at Nov 2010.
At this point the view is that you chop in for a new model and the balloon becomes part of the new deal and your van's residual value offsets this give or take.
But I wanted the option of walking away - or keeping the van and I can pay the balloon and then pay £179 per year for as long as I keep the van.
If I sell the van I keep the proceeds and the Bank get 10%.
I think I'll keep the van for a couple of years and do it again, as it has only done 20,000m.
All payments are tax-deductible too.
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Surely it has to be cheaper long term to buy a van, even if you have to take out a loan.
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Yes. I got my van from vans direct and they arranged the leasing through Bank of Scotland.
It is a Doblo 1.3SX which lets me take up to 500L as a sole operator (736kg payload). New ones are a bit more payload.
Anyhoo the deal.
48 month lease with 3 months up front and a balloon at the end.
So (approx here cuz of vat changes) inclusive of VAT.
1st payment - £540
then 47 of £179
then £2500 lump sum balloon rental due at Nov 2010.
At this point the view is that you chop in for a new model and the balloon becomes part of the new deal and your van's residual value offsets this give or take.
But I wanted the option of walking away - or keeping the van and I can pay the balloon and then pay £179 per year for as long as I keep the van.
If I sell the van I keep the proceeds and the Bank get 10%.
I think I'll keep the van for a couple of years and do it again, as it has only done 20,000m.
All payments are tax-deductible too.
Thanks mate, that sounds like quite a good deal!! Cheers :)
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£ 11500 for a doblo, good deal, i think not. i have 3 other fiats and they are great
I thought about leasing, but worked out it was going to cost me double the price.
Bought a brand new Citroeon Belingo for £4628 on the road + vat, that was 4 years ago, the new berlingo have gone up a lot because of the Euro
idealrob
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£ 11500 for a doblo, good deal, i think not. i have 3 other fiats and they are great
I thought about leasing, but worked out it was going to cost me double the price.
Bought a brand new Citroeon Belingo for £4628 on the road + vat, that was 4 years ago, the new berlingo have gone up a lot because of the Euro
idealrob
Good point - just checked my figures - also my error too in as the balloon was £1990 not £2500 and the rentals were 175, not 180 and so actually about £10750. The doblo was also the sx (with the side doors and a higher payload priced at £8500 cash IIRC. (whereas the base model was £7300 I think) Vat inclusive. Of course a blistering deal like you got at the end of 2005/start of 2006 may not be relevant to today's weak pound marketplace.
I did pay a premium (like you do when you use a loan) for leasing - which of course is not yet paid - and as the Doblo was voted van of the year in 2006 it was selling like hot cakes and as a facelift model with a higher payload there were few deals to be had. Two nearby Fiat dealers in Bristol and WsM were unable or unwilling to price match although I used one of them for the warranty servicing. One of them was actually able to offer me a base Scudo cheaper than the Doblo as they were coming up to the end of the line; but as it had no side doors and was more expensive to tax I declined.
But the main points are that every penny is tax deductible; and that the cost is spread over 4 years and that at the time raising several K cash was not an option.
Even more important is that the Berlingo was physically smaller in the back (2.8m cubed compared to 3.2m cubed) and the entry model only had a 600kg payload so although I could have saved a bit by taking up a budget deal I would have outgrown the van and feel forced to change it. (As you say, you have 3 Fiats which you describe as great vans - and I have not been disappointed either)
You did very well to get a brand new van for about £5.5K idealrob - I don't remember that sort of deal being available when I was looking in Oct 2006. In fact now the Citroen is listed at well over 10K.
Now that things are better financially I might replace with the latest Doblo which goes up to 1000kg payload in a year or two when all the new model hullabaloo had died down.
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a good company to lease from take a look
lease2u.co.uk
no ballon payment,prices are not bad,and the chap is really helpful.
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sorry to change the subject slighly but is it possible to lease a car for work purposes i use mine 90% 0f the time for work and dont need a van and for it to be tax deductable
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sorry to change the subject slighly but is it possible to lease a car for work purposes i use mine 90% 0f the time for work and dont need a van and for it to be tax deductable
I thought about this also, leasing a car and getting a trailer for it with my work gear in. Then I have a work vehicle and a car in one, I'm not sure on how you would stand on the whole 100% tax deductable thing though? I was also considering getting a nissan navaro or similar, but then it starts to get expensive!! :(
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a good company to lease from take a look
lease2u.co.uk
no ballon payment,prices are not bad,and the chap is really helpful.
Just had a look and a Citroen Dispatch on a 57 plate works out at approx 12700 over 4 years :o :o :o
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sorry to change the subject slighly but is it possible to lease a car for work purposes i use mine 90% 0f the time for work and dont need a van and for it to be tax deductable
I thought about this also, leasing a car and getting a trailer for it with my work gear in. Then I have a work vehicle and a car in one, I'm not sure on how you would stand on the whole 100% tax deductable thing though? I was also considering getting a nissan navaro or similar, but then it starts to get expensive!! :(
Needs to be for work only and i wouldn`t lease,you`ll get more back in TAX if you pay the whole lot if you can afford it,get 100% on lease payments you`ll hardly notice a saving each month on your overall TAX bill pay it all off before April 2010 say 10-15k and you`ll get it allo against your TAX next year.
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a good company to lease from take a look
lease2u.co.uk
no ballon payment,prices are not bad,and the chap is really helpful.
Just had a look and a Citroen Dispatch on a 57 plate works out at approx 12700 over 4 years :o :o :o
you do except to pay more when leaseing
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Accountants can be more interested in reducing your tax bill than adding value and investment to your business.
Personally I would prefer to pay for and own the van outright as I think this provides you with an owned assett and I believe is cheaper than leasing.
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go to a repossession auction,they are everywhere these days.pick up an 07/08 van for peanuts
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sorry to change the subject slighly but is it possible to lease a car for work purposes i use mine 90% 0f the time for work and dont need a van and for it to be tax deductable
I thought about this also, leasing a car and getting a trailer for it with my work gear in. Then I have a work vehicle and a car in one, I'm not sure on how you would stand on the whole 100% tax deductable thing though? I was also considering getting a nissan navaro or similar, but then it starts to get expensive!! :(
Needs to be for work only and i wouldn`t lease,you`ll get more back in TAX if you pay the whole lot if you can afford it,get 100% on lease payments you`ll hardly notice a saving each month on your overall TAX bill pay it all off before April 2010 say 10-15k and you`ll get it allo against your TAX next year.
Yeah, & you'll get hammered for payment on account the next year ::)
Buy or lease, it's all tax deductable.
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Accountants can be more interested in reducing your tax bill than adding value and investment to your business.
Personally I would prefer to pay for and own the van outright as I think this provides you with an owned assett and I believe is cheaper than leasing.
Although I leased (paying cash would have cleaned me out, but I could've got a loan) in my circumstances then my instincts agree with dd's. I like to "own" my vehicle and I will look more closely at my options next time. But the tax aspect was a major player to me.
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you can get pretty nice 5 - 7 year old vans these days for nothing money
i saw a berlingo van a few weeks ago, 04 plate and it was on sale for 1000 ( i bet he would have taken 850 - 900 )
it looked in fairly nice condition aswell
whilst a new van is very nice, is it cost effective ? ? ? ?
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you can get pretty nice 5 - 7 year old vans these days for nothing money
i saw a berlingo van a few weeks ago, 04 plate and it was on sale for 1000 ( i bet he would have taken 850 - 900 )
it looked in fairly nice condition aswell
whilst a new van is very nice, is it cost effective ? ? ? ?
That is a very good point too, matt - for me I had had a run of vehicle unreliability stopping me working and a fear of buying a "lemon/clocked" secondhand van and the combination of a manageable monthly payment and reliability proved overwhelming to me at the time.
If I trusted the seller I certainly would get a one/two year old van with some warranty on it and not lose that first drive out the showroom depreciation and first year depreciation. I would paradoxically get a three year old from auction if it "felt right" with the experience I have had since getting my new van. But I also think about - if my needs don't change - keeping a van from new for ten years.
I think in the great scheme of things the advantages and disadvantages make all above decisions a close run thing.
What I want is a presentable van with top notch reliability - how I get that is a moot point.
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as the wise sage once said (no not the accountant guy) "if you can afford to live your dreams today at tomorrows money then go out and live them"
actually, that was me that just said that.....but it sounds kinda right (after a few glasses of moet)...i guess when i wake in the morn and read it back i will see things a wee bit different.
anyhows, my take on it is.....if you have a spare wad of cash that you dont need (no i aint going to ask for it, although donations are always welcome) then go and buy yourself a nice shiney new van and go and show off to your window cleaning buddies safely in the knowledge that you OWN the thing outright....otherwise if you are like ME and most of the guys on here then FINANCE it or LEASE it or RENT it...who cares where you got it from or how much its going to cost you extra in the long term....just drive it, make cash from it and bobs your uncle. 8)
is it morning yet?
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as the wise sage once said (no not the accountant guy) "if you can afford to live your dreams today at tomorrows money then go out and live them"
actually, that was me that just said that.....but it sounds kinda right (after a few glasses of moet)...i guess when i wake in the morn and read it back i will see things a wee bit different.
anyhows, my take on it is.....if you have a spare wad of cash that you dont need (no i aint going to ask for it, although donations are always welcome) then go and buy yourself a nice shiney new van and go and show off to your window cleaning buddies safely in the knowledge that you OWN the thing outright....otherwise if you are like ME and most of the guys on here then FINANCE it or LEASE it or RENT it...who cares where you got it from or how much its going to cost you extra in the long term....just drive it, make cash from it and bobs your uncle. 8)
is it morning yet?
That's about it - that bit in red by scrimmy. "In vino veritas" perchance?
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aint it the truth ;D