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from edge2edge

  • Posts: 1507
Buying van at lease end
« on: May 23, 2010, 09:10:16 am »
Morning guys I have a 56 plate transit which i had on a 3 year lease then extended it until November this year.I have been told i will be given a price to buy it nearer the time so have any of you purchased your van after leasing it and any idea how much i might pay for it.As usual any input appreciated.Regards Alan(swindon)

sherco

  • Posts: 1041
Re: Buying van at lease end
« Reply #1 on: May 23, 2010, 09:36:16 am »
A mate of mine used to buy them at the end of the contract, but now he just gives them back and gets a new one...Is it the monthly repayments you want to get rid of?
Natural stone floor restoration service.
Natural stone fixing and repairs.
www.poshstonefloors.co.uk

Darren O

  • Posts: 1322
Re: Buying van at lease end
« Reply #2 on: May 23, 2010, 10:18:58 am »
I got a Nissan Primaster on a 4 year lease it runs out on December i was told at the start of the lease it would be £4750+vat to buy it when the lease ends.

from edge2edge

  • Posts: 1507
Re: Buying van at lease end
« Reply #3 on: May 23, 2010, 10:53:48 am »
Thanks for the replies guys i currently have my truckmount in the van so would prefer to buy the van so i dont have the hassle of getting it squeezed into another van.Regards Alan

from edge2edge

  • Posts: 1507
Re: Buying van at lease end
« Reply #4 on: May 23, 2010, 11:26:47 am »
Darren what sort of mileage will your van have on it or doesnt it matter.Mine will be 90k approx.regards Alan

Michael Smallwood

  • Posts: 135
Re: Buying van at lease end
« Reply #5 on: May 23, 2010, 08:54:58 pm »
It can be worth negotiating. The "to buy" price was set at the outset of the agreement, and markets are different now. Under some types of finance agreement, the sale has to be to a 3rd party, historically because of capital relief rules.

It used to be possible to get a mate, sorry, I mean an independant third party, to make an offer to buy the vehicle. They might just happen to sell it right back to you. The finance company is no longer involved at that stage.

Cheers

Mike
Mike Smallwood

www.mascleaning.com