Finance Leasing a Van.... anyone do this?

[sythai]

Evening chaps..

Been looking for a while now at getting a bigger van.

Have always brought it outright before, credit card @ 0% pay back each month plus chunks along the way.

But now am thinking about going along the finance leasing route on a brand new one:


deposit down (px from existing van)
set monthly payment
ballon at end of term (trade in after 3-4 years, new one again)

Any thoughts please, small print I shouldnt miss?

Many Thanks

Sy....

 

[telectrix]

can't help you there all my vehicles have been over 10 yrs old. run till they drop. only newish van i had was 2 years old, spent more time in dealers mbeing repaired than on the road

 

[SirKit Breaker]

Any accountant will tell you to buy outright if you can. However if this is not possible then talk to one and get the best advice from a tax point of view.

Cheers.......Howard

 

[sythai]

That seems a good idea..... I'll get all the terms,conditons, rates etc sorted and arrange an appointment with my accountant

 

[GT1]

Hi..

I leased cars for my personal use for about ten years before the ar*e fell out the market.

just some pointers

• know what your annual mileage will be and look for a contract to suit.

• When comparing contracts, compare the ENTIRE cost of the contract over the full term, including deposits and admin charges. Dont get tricked by low monthly payments alone.
• Factor in the excess mileage charges, just in case you go over.
• Factor in servicing costs. You will HAVE to service it to schedule, AND normally at main dealer.
• Search the internet for identical vehicles/contracts until you find the lowest. This will be the "core" deal. The more expensive ones will simply be brokers adding on a commission to the base deal.
• Look for the "specials" that are advertised. They will probably be from a main dealer wanting to move some stock for retrospective discoutns from the manufacturer.

 

[Hundleton1]

i have allways leased my vans, mostly due to lack of finances to get me started and i had a contract that meant we did 30k a year, used vans did not work out viable so i leased 3x new ones, i pay £170 inc vat for a small Fiat Doblo, took it on a 3 year deal so sold at around 90k 3 years old.

 

[sythai]

Thanks GT1 some good info there, Sy

 

[MongoLloyd]

Yes check there many company who are on van leasing and van lease just find the right compnay with good terms.