Leasing Vs Buying. What should i do?

[MFS Electrical]

Looking at a ford transit L2 thinking of buying on HP or going for a PCP or leasing what do you think is the best option?

 

[MFS Electrical]

Not too bothered about it being brand new either. Would be nice but not the end of the world.

 

[Bob Geldoff1234]

I would look into whether Ford have fixed the locks on the Transit.I have heard a few tradesmen say that they had their Transits broken into very easily. Thieves can open the doors,steel your stuff and re-lock them.For this reason alone I wouldn't want a Ford Transit unless you added extra locks on.

 

[telectrix]

buy a 2nd hand Hiace. ( 10 year old for around £3k).it won't break down, and you can use the thousands you've saved to fit extra security and rack it out, still have enough change for a month's year's beer.

 

[Midwest]

buy a 2nd hand Hiace. ( 10 year old for around £3k).it won't break down, and you can use the thousands you've saved to fit extra security and rack it out, still have enough change for a month's year's beer.

You’d also be safe in the knowledge, that the thieving toe rags would never suspect that a profession trades person would wish to be seen dead in a Hiace, so the vehicle is unlikely to be carrying anthing of value, except the scrap value, which is minimal anyway.

 

[telectrix]

 

[telectrix]

my hiace speaks for itself. 2004, 200,000 miles. in 3 years it's had 2 oil changes, 2 tyres, and a set of brake pads. that's it. oh, and i had to top up the screenwash the other week.

 

[GMES]

I've always bought mine as they are then an asset.
I presume with leasing they still hit you with charges on mileage over the agreed limit and any damage.
Most new vans come with 3-4 years warranty.
Keep it 3 years then chop in for new again and you've got no worries with anything going wrong . Jmo

 

[telectrix]

I've always bought mine as they are then an asset.
I presume with leasing they still hit you with charges on mileage over the agreed limit and any damage.
Most new vans come with 3-4 years warranty.
Keep it 3 years then chop in for new again and you've got no worries with anything going wrong . Jmo

thought you still used horse drawn carts up there.

 

[Gavin John Hyde]

as mentioned for £20 on t'internet you can buy a lock pick and within a minute or so be in without any sign of damage to the van. If you get a ford make sure you get additional locks put on.

 

[littlespark]

Every recent van break in round here has always been a ford transit.
Except one brand new kuga.... stolen from the dealership showroom.
Even the ford showroom locks were easy to open.

“No tools left in this van overnight.... just two hungry Rottweilers”

 

[telectrix]

who'snicked my horse and cart. I parked it outside the Pub.

 

[Midwest]

On a serious note , whilst Transits have bad media about break-ins & thefts, they have one of the most units sold etc. No van, simply relying on manufactures security measures would/can prevent thefts of or from.

So if you have a van stocked full of tools, live in a prolific crime rate area and wish to continue trading, you need to take additional measure, not just if you own a Ford Transit.

 

[Midwest]

PPS are the mods on their Xmas doo?

 

[Leesparkykent]

PPS are the mods on their Xmas doo?

No?

 

[Nigel]

I am going to buy three Nissan van's over the next few months. Five years warranty.

 

[westward10]

No?

Thought there was someone missing.

 

[GMES]

Not been much to Mod apart from the usual dislike/ disagree ratings wars.

 

[telectrix]

I am going to buy three Nissan van's over the next few months. Five years warranty.

make sure they are nissans made by nissan, not renault.

 

[Doomed]

We have leased 2 vans over the years - never again!
Hit us for so many extras when we gave them back it cost us thousands.
We liked the idea that we had no responsibility except fuel and insurance, set cost etc..
When we gave them back they hunted out every microdent (looked at a sheet of parallel lines reflected in the bodywork ffs) and charged us a fortune to repair them - we got our own quote for a third of the cost, but not allowed apparently.
So now we take out a loan, buy over 3 years, and it works out only about £50 more a month then the leasing, and then its ours!

 

[Yozza19]

I currently have a 66 plate transit mwb medium roof after having a brand new sprinter stole last year

Pros
Drives like a car
Quite good on fuel for size
Drives better with a load

Cons
Spare wheels always get stolen(mines now inside after original was stolen)
Was broken into in Manchester and emptied few months back
(Now have deadlocks fitted and steel Barr in doors and expanding foamed and the dodgy drivers door lock changed )

Mine is the last before adblue is needed and they drink it apparently


Get an obd port lock aswell
I also now have a diskloc

 

[Taylortwocities]

thinking of buying on HP or going for a PCP or leasing what do you think is the best option?

For questions like this, I ask my accountant. He saves me more money than he costs me.

 

[MFS Electrical]

I would look into whether Ford have fixed the locks on the Transit.I have heard a few tradesmen say that they had their Transits broken into very easily. Thieves can open the doors,steel your stuff and re-lock them.For this reason alone I wouldn't want a Ford Transit unless you added extra locks on.

Don’t worry it’s getting an upgrade separate alarm aftermarket door lock and additional locks on the side and rear doors. I’ve got a sneaking suspicion Fort Knox would be an easier target than any of my vans also have little surprises built in for anyone who thinks they can code a new key for my vans

 

[MFS Electrical]

I currently have a 66 plate transit mwb medium roof after having a brand new sprinter stole last year

Pros
Drives like a car
Quite good on fuel for size
Drives better with a load

Cons
Spare wheels always get stolen(mines now inside after original was stolen)
Was broken into in Manchester and emptied few months back
(Now have deadlocks fitted and steel Barr in doors and expanding foamed and the dodgy drivers door lock changed )

Mine is the last before adblue is needed and they drink it apparently


Get an obd port lock aswell
I also now have a diskloc

Expanding foam in the doors nice idea

 

[telectrix]

Expanding foam in the doors nice idea

please explain why.

 

[Octopus]

Buy ex demo (which I did) or 2nd hand ......... let somebody else take the initial deprecation.

If you are SE, just remember you'll get 29% off your tax and NI bill (based on the value of the van)

 

[baldelectrician]

I would suggest buying your van through a limited company

You can then lease the van from the company (you own), then if things go ---- up and someone sues you they can't get the van (or anything the company owns such as van racking, tools, equipment)

 

[MFS Electrical]

please explain why.

Would probably just make it a little harder if they attacked the van with tin snips loads of foam to dig out before they get anywhere? really just a guess maybe @Yozza19 can shed some light as to why?

 

[MFS Electrical]

I am going to buy three Nissan van's over the next few months. Five years warranty.

I wouldn’t touch Nissan with a barge pole after my experience. I had a Navara. And I shall say no more on the subject

 

[Yozza19]

Big thing in van break ins is now door bending so you do 20mm hole in each top corners of each door and slot 1 inch stainless steel sold rod. Down the full length chop to size fill with expanding foam to stop any rattle then pop a 20mm blind gromet in the top and no ones the wiser even if it’s leased

 

[Nigel]

I wouldn’t touch Nissan with a barge pole after my experience. I had a Navara. And I shall say no more on the subject

I had a Navara for six years. Never missed a beat and done 120,000 miles in it.

 

[baldelectrician]

Big thing in van break ins is now door bending so you do 20mm hole in each top corners of each door and slot 1 inch stainless steel sold rod. Down the full length chop to size fill with expanding foam to stop any rattle then pop a 20mm blind gromet in the top and no ones the wiser even if it’s leased

Any info on this - i am only a simple spark...

 

[baldelectrician]

Big thing in van break ins is now door bending so you do 20mm hole in each top corners of each door and slot 1 inch stainless steel sold rod. Down the full length chop to size fill with expanding foam to stop any rattle then pop a 20mm blind gromet in the top and no ones the wiser even if it’s leased

Any info on this - i am only a simple spark...

 

[telectrix]

i'm just wondering how to get 1" steel rod down a 20mm hole.

 

[Yozza19]

must of been 3/4 inch

 

[richy3333]

I'm presently looking for a new van also and dismissed the Transit due to theft issues. Presently have a VW T6 LWB that has never missed a beat. Must be the 4th I've had now. Possibly looking at a Crafter instead (just so I can fill it with even more rubbish).

You made a final decision @MFS Electrical ?

 

[MFS Electrical]

I had a Navara for six years. Never missed a beat and done 120,000 miles in it.

I must say the engine was marvellous until I got rid of it at just over 54000 miles but the rest of it was junk- alternator at 40000miles numerous wheel bearings (OEM as well), UJs on the probshaft 4 times(OEM too), numerous spots on the paint that just kept on rusting even after being fixed by Nissan themselves repeatedly, 4 wheel drive packed in twice £700 of quid a pop and then the chassis decided it would prefer to look like Swiss cheese rotted from the inside out, never snapped though just the rear suspension hangers the diesel tank and the crossmember decided that they didn’t want to be attached anymore. Oh and if the back had a load on speedbumps and potholes made the back end smack into the cab. It wasn’t abused at all it was very well cared for but yet it was still a bucket of Sh*t, Don’t get me wrong though, I loved the thing but what a tremendous PITA it was.

 

[MFS Electrical]

I'm presently looking for a new van also and dismissed the Transit due to theft issues. Presently have a VW T6 LWB that has never missed a beat. Must be the 4th I've had now. Possibly looking at a Crafter instead (just so I can fill it with even more rubbish).

You made a final decision @MFS Electrical ?

I do like the VWs T6 is just too small but going To buy I think just waiting on a quote back from a few leasing companies and unless it’s massively cheaper buying will be the route for me. Decided that the L2h2 isn’t quite hard enough to park so going to go for the L3 H2 instead. Going the whole hog-Rhino expedition roof rack and Rhino safe stow 4 for the big ladders, leccy windows, sat nav and all the other toys I can get them to fit.

 

[Rpa07]

Big thing in van break ins is now door bending so you do 20mm hole in each top corners of each door and slot 1 inch stainless steel sold rod. Down the full length chop to size fill with expanding foam to stop any rattle then pop a 20mm blind gromet in the top and no ones the wiser even if it’s leased

If anyone needs a couple of 20 or 25mm blind grommets I’ve got 200 of them, sometimes I cut the insides out if I run out of open grommets!
Is it not easier to move to a nicer area!

 

[richy3333]

Sounds like one sweet ride