van advice

[growler]

im self employed and looking to upgrade my van. For tax reasons etc, can anyone give me any advice on the best way to get one ie leasing / buying. thanks.

 

[Guest55]

buying outright will give you the best tax return / allowance.

 

[Octopus]

Leasing MAY look attractive, but it'll never be yours, the monthly cost is set by mileage so if you go over you'll pay penalties, if you go under you'll have paid too much.

I'm with Biff, if you can go for a purchase, as new as possible, with a "life" of 4 years.

 

[Guest123]

I'll disagree with the above and say I will NEVER buy a van again.

My last 4 have all been VW on 3 year lease with a 75,000 mile allowance all servicing & breakdown cover included in the monthly cost. As I only have them for 3 years I dont have to worry about MOT's either.

Do the sums on depreciation of a new vehicle coupled with all running costs over say a 10 year period against leasing and there isn't much in it at all.

 

[telectrix]

now, i prefer to buy something older but tidy, under £1000 and run it till it falls apart. but that's probably coz i'm a tightarse.

 

[Octopus]

I'll disagree with the above and say I will NEVER buy a van again.

My last 4 have all been VW on 3 year lease with a 75,000 mile allowance all servicing & breakdown cover included in the monthly cost. As I only have them for 3 years I dont have to worry about MOT's either.

Do the sums on depreciation of a new vehicle coupled with all running costs over say a 10 year period against leasing and there isn't much in it at all.

But nobody suggested buying new did they?

Out of interest how did you do with your mileage?

 

[Cbigfoot]

it does depend on the lease agreement and its terms, I do not know the VW one but may look into it....

I did the figues on a ford lease and a transit came out nealry £4000 more expensive even when the loan intrest was factored in to buy one.

 

[Guest55]

But nobody suggested buying new did they?

Out of interest how did you do with your mileage?

good call.
i bet i get way better value for money buying a 3/4 year old van and running it over 4 years than with leasing over the same period.
what do you get at the end of your lease ? absolute squat.

 

[Guest123]

The OP is looking into leasing/buying, you cant compare buying 2nd hand to leasing a brand new one.

75,000 is just enough for me, I usually return them between 72-74.


If you're not in the market for new, you cant consider leasing.

 

[telectrix]

agree with biff. why buy something new that loses a couple of grand as soon as you drive it off the dealer's forecourt?

 

[Guest123]

what do you get at the end of your lease ?

Another new one.:waving:

 

[Silly Sausage]

now, i prefer to buy something older but tidy, under £1000 and run it till it falls apart. but that's probably coz i'm a tightarse.

Same here, take a hit to buy something decent and you're free from £xyz monthly payments.
You get depreciation relief, or whatever it's called, against you're tax bill (I think?!?)

 

[Guest55]

you may as well use taxi's to get to work.
;-)

 

[telectrix]

mine can't depreciate . it's worth more now than when i bought it 2 years ago.

 

[Silly Sausage]

All my vehicles end up in the scrapyard.
I think I've only sold on 2 or 3 in 30 years of driving.

 

[Guest123]

mine can't depreciate . it's worth more now than when i bought it 2 years ago.

Full tank of fuel now then has it???:dots:

 

[Silly Sausage]

Haha...or he just weighs it in.

 

[telectrix]

my last van but one was bought for £130. ran itr for 18 months, spent nowt but petrol and 2 tyres. MEB ( as it was then) reversed a wagon into it on site and creased the side panel. assessor said " beyond economical repair" and they gave me £450. bit of filler and an aerosol , fixed. 12 months later, sold for £250.

 

[Silly Sausage]

Should your name be...

Delectrix? :38:

 

[Anonomoose]

I was thinking about brand new but just cant bring myself to do it. the money lost driving off the forecourt is to much for me. leasing also cant get my head around. I know it works out simelar to buying new not having to worry about depreciation and stuff but the thought of not having anything at the end stops me doing it. In the end I got a 09 transit 44k miles. Not having to worry about scratches or dings is great.