[Gav Camm lammy 283]

matt i was told m8
cam belt had been changed
12mths prior to me buying van
had no reason to miss trust him
then all hell broke lose

[Sapphire Window Cleaning]

matt i was told m8
cam belt had been changed
12mths prior to me buying van
had no reason to miss trust him
then all hell broke lose

When I get a larger van, it will get a new cambelt, bearing and fittings, and a water pump as you never know, and for how much it costs to get done and what damage can come of it, its worth getting done.

[Gav Camm lammy 283]

the guy who repaired it never primed the turbo
when he put it back together
then put 2nd hand turbo on which
lasted 9mile
it has since had head gasket
new turbo
new cat
could do with a EGR vave
and air flow meter
but its in garage this saturday
for oil leak and diesel leak
also common rail ( diesel system ) problem
as soon as the coil light engine managementl light
comes on i go garage get it plugged in and booked in
its a regular 
they see the despair in my eyes n then fob me off lol
but new guys winning the battle 

[Sapphire Window Cleaning]

Can't you flog it on ebay and get another van?



Matt

[Gav Camm lammy 283]

matt after what iv spent
id cry m8 lol it can go for 2k m8
believe u me i love it when its having a
gud day drives well pulls 400l
ov water like its nothing
descent looking gud fuel wise
full rack its gud van
but it shud be lol

[JSMC]

stuck my van in for it's service this week to have timing, water pump and tensiones all done. Van is on 53k just now 05 plate vivaro. I am sure timing is either every 100k or every 5 years so mine sis due to be done. also driving short journeys is where you put strain on timing belt with stop star tof any engine.


Gav what oil leaks you talking of on these vans?

[Gav Camm lammy 283]

mine as had brand new oil filler housing
i could pull old one off the engine literally
new seals n o rings but it keeps spewing oil out
dont know where its coming from
but fully synthetic at 30 quid fr 5litres its getting
beyound a joke m8 so having all engine steamed off
this saturday and getting to the bottom of it
 

[Klean07]

I was going to lease a new van last year but have now dedided that I would sooner buy a scecond one as in long run is cheaper. My Connect was an ex-rental with 77,000 miles on clock. That was 4 years ago and other than tyres etc I've not spent anything on it. I just need something bigger now.

[Spruce]

When you lease (also Contract Hire) your costs are mainly depreciation and finance admin costs. So, although you get the benefit of a new van under warranty and very little with regard to maintenance costs, the depreciation from new is greater than an older vehicle. If we buy this as a used van after the lessor has completed his lease period, we won't have that large depreciation, but we will have increased maintenance costs.

Leasing with maintenance for example is one way to achieve a new vehicle every 3 or 4 years without the unexpected maintenance bills. You know exactly what your monthly vehicle costs are going to be so you can budget for them and get on with your job. The Leasing company takes the risks and spreads those risks over their fleet of vehicles. If there is a 'lemon' in amongst them the others will 'carry' it. But if you bought the vehicle which was that 'lemon' then you have to carry the cost and frustration on your shoulders alone. Leasing is what you perceive is good value for money. Leasing is a very personal thing, it either will 'click' with you or it won't. Some people have got to own the van, to see their name on the registration book

At one time a large percentage of the UK population rented their TVs because they didn't have to worry about them if they broke down. The Rental Company replaced it. In those days you were looked at strangely if you bought one on HP or paid cash. But things are different now - how many people rent their TVs today? 

Will Gav consider leasing a new vehicle in future? - my money is that he will as he has had a guts full of his van expenses and no manufacturer warranty to fall back on. Those of us who haven't experienced than won't understand.

(Leasing companies such as Northgate have taken this one step further. You can lease a new vehicle from them and they will replace it with another nearly new one when yours goes in for service. No good for us though because of the secured equipment we have in the back, but this is how the leasing market is evolving. This is especially good for those who do high annual mileages.)

Spruce

[Gav Camm lammy 283]

nice reply spuce il deffo
have a new van its just working
out which is the best option 4 me 

[Spruce]

nice reply spuce il deffo
have a new van its just working
out which is the best option 4 me 

Hi Gav
When the time comes your mate will best advise you. Things have moved on in the leasing world since I left 7 years ago, although the basic tax implications haven't changed.

[Gav Camm lammy 283]

was talking about it 2day
the thing that will hurt me is
the vat upfront and losing the money 

[Londoner]

The trouble with lease or contract hire is that when you have to hand it back after three years you start thinking this van would have been virtually paid for if I had bought it. Now I have to hand it back and I've got nothing to show for my money.

If you buy new, the costs are about the same as lease or contract rent but you keep the van and its still got loads of life left in it. Also, if you buy new you look after it and you know the history from day one. Big advantage because we all know vans get thrashed and don't (often) get properly maintained.

The dealers are falling over themselves to do deals on new vans at the moment.

[JSMC]

some good replies so far. anyone on here with lease vans?

[jonboywalton75]

Yea me. I use one vehicle for everything, one man band, Astravan 1.7cdti sportive. Working well for me at the mo.
I,m also much quicker now with the van mount, can earn nearly £50 per day more than with backpack. Happy days.

[Spruce]

The trouble with lease or contract hire is that when you have to hand it back after three years you start thinking this van would have been virtually paid for if I had bought it. Now I have to hand it back and I've got nothing to show for my money.

If you buy new, the costs are about the same as lease or contract rent but you keep the van and its still got loads of life left in it. Also, if you buy new you look after it and you know the history from day one. Big advantage because we all know vans get thrashed and don't (often) get properly maintained.

The dealers are falling over themselves to do deals on new vans at the moment.

Hi Vince

As I said earlier, its a very personal thing.

I would like to pick up on what you said when "you have to hand it back after three years you start thinking this van would have been virtually paid for if I had bought it." Yes you are right, but at that point you still own a depreciating 'asset' which will be virtually worthless in 5 or 6 years after this point. If you keep it on you will then have the higher and higher maintenance costs that automatically come with owning an older vehicle. The longer you hold onto your old vehicle, the harder it becomes to get a new one again.

I wonder how Gav's maintenance bill would compare to the monthly rentals on a new van over a 3 year period?

I do very little mileage, 5k a year is average, so leasing is not an attractive proposition for me. But if I was doing 12 to 15k then I would most definitely consider this option.

Spruce

[JSMC]

i am doing about 8k i'd reckon per yearin my van. why is leasing no good if you do low miles?

[Gav Camm lammy 283]

i thought low mileage wud be better???
will ask gary  :
some deals if you go over agreed mileage
theres a charge i do a gud 12k a year may be more

[Spruce]

Hi,

(By leasing I mean renting the use of a van and handing it back at the end of the contract - example Contract Hire. Please see previous post in this thread)

The higher the yearly mileage the higher the depreciation of the vehicle will be so the monthly rental will increase, which is obvious.

But it does not work the other way to the same degree. Lets take an extreme senario to illustrate this. If you only did 1000 miles a year and took out a 4 year lease, your van would only have 4000 miles on it at the end of it's contract. Although the van will be nearly new mileage wise, it will still only be worth 40% to 50% of its original list price with that mileage. So if you divide the costs of the whole contract by the miles covered, your cost per mile will be very high. Hence the reason why I believe that leasing isn't always the best option at low mileages.

We found that most of our corporate customers who had a mixture of cars and vans tendered to buy the vans for local use outright and tendered to lease the vans that would do a higher mileage. Most leasing companies wouldn't take on vehicles that do extremely high annual mileages as the costs don't make sense. IMO leasing is an option with moderate mileage vehicles.

There are other finance deals (sometimes referred to a leasing, such as Finance Lease, Personal Finance Lease etc) that are available that would be OK for people who do very low mileages. Local Window cleaners aren't the only ones that fit into the catagory, There are painters & decorators, plumbers, electricians, joiners etc, some of whom only do minimal mileage.

Spruce

[AshWhite]

Hi Fellas,
There is a bit more to it, the best person to advise you is your accountant.

With contract hire, the van is a liability - not an asset, so the rentals can be claimed against your taxable profit. After a predtertimined time, the van gets handed back, and you start a new contract (without the option to purchase).  This can be a problem if the van is likely to be abused during your ownership, as it must be above a certain standard to avoid charges.

With purchase, you can claim depreciation, and relief on the interest of any monthly payments, and the van shows as a business asset - and what you do with the van is entirely up to you (run it into the ground if you like!)

Then there's lease purchase with balloon, which gives you quite low monthly payments, but with a hefty payment at the end (which is NOT guaranteed to be met by the value of the van)

So basically, it's not really a one-size fits all solution - and you need to consider your own circumstances before making a decision.

Regards,

Ashley