Personally I would never consider a brand new van, which ever method of purchase was available. I look at ex BT vans when the time comes, very well looked after and way cheaper.

I would consider brand new if I planned on running it in to the ground ten to fifteen years later.

If I needed to buy with less than 5 anticipated years working life left in me I would buy something about 5 years old that seemed in good nick for its age.

If I wanted to keep up to date (I wouldn't) I would buy at 2 years old and sell at 5.

Personally I would never consider a brand new van, which ever method of purchase was available. I look at ex BT vans when the time comes, very well looked after and way cheaper.

I paid cash for my iload brand new in 2012 for £16,500.

In 2023 I got £6250 from a no fault accident payout and kept the salvage and got it repaired.

It's a Cat S worth low £1000's I guess.

Only being on 86,000 miles means it should see me out.

My son-in-law had 17 plate Transit Custom from about 2022. Unfortunately it has had issue after issue ending with a dead engine.

He bought a '10 plate iload to tide him over. I went with him to look at it as it's pretty much the same as mine. He got it on 212,000 miles for £1800!

He had the cam chain changed immediately and it's running like a good 'un.

The previous owner had it for five years as he rescues dogs. We went to his small terrace house to pay for the van - and had to negotiate seven - yes seven massive huskies in great condition!

Really depends on how long your planning on keeping it for. If you plan to keep it 6 years plus. Then the best and cheapest option is buying it outright.

If you plan on changing it every 3 or 4 years then leasing is your best option.

Just get a business finance lease over 5 years and hand the van back after with no balloon payment to pay. You pay around 3 months rental upfront and you ll have a brand new van on your drive within a month. All monthly rentals are tax deductable. If you want to keep it after 5 years just keep paying the monthly rental. No mileage allowances on this type of lease.

Or would you rather pay 40k all at once?....