replacement van

[richardable]

looking to change my lovely VW lwb transporter in the new year. need some info on financial options,, a) bank loan for the balance after trade in b) lease hire… this is the one i need advice on so i can make a decision. pros and cons please.
richard

[aqualectric]

Re: replacement van

I contract hire my Citroen van and it is great value for money. Total cost a month £215.00 inc VAT. That is including the full maintenance package. I have the van for 3 years, 45,000 miles limit (5p per mile if OTT). The maintenance package covers any repairs and services required, any failed components, worn out tyres and brakes, windscreen wiper blades…. as long as it’s not been physically broken then it’s covered. It also includes the yearly road tax – so in effect – I just put the diesel in!!!
Now, when you buy a van, you will get tax relief on a percentage of your loan amount, with contract hire you can put the entire amount the vehicle costs you a year down as a business expense as you are “hiring” it in effect, so it doesn’t appear on your books as an asset. In turn that will serve to lower your profit for that year and lower your tax liability accordingly. 😉
If you are buying a new van it is the preferred method and works out the cheapest way. The only thing that could really compete would be to buy a £3000 van and run it to death. BUT…. you have to keep it maintained and MOT’d, replace tyres and other worn parts at your own expense…..not me, I pick up the phone and book it in. And a tidy van is so much better for your business image.
For reference, a useful site to peruse is http://www.contracthireandleasing.com as it gives explanations of all types of finance and is a portal for some very competitive lease and contract hire companies.
Do beware of the main dealers though – their prices are usually a lot higher. I nearly got stung by a Citroen dealer due to his incompetence and lack of communication with me and Citroen themselves. I now read the small print and kick a*se!! :rolls:

Hope that helps,

Steve.

[kwatt]

I do have access to some deals on vans for UKW but ask me by email as I’m out tomorrow and I’ll have forgotten this by Wednesday for sure.

K.

[harley]

Re: replacement van

to richardable,i would’nt touch a citreon with a thirty foot pole.i bought a relay7-8 years ago,nothing but problems.it cost on average a grand a year in spares and that excludes the normal stuff,tyres,oil etc.a clutch alone was £978 and that was done by the AA who’s labour charges are far cheaper than citreon.
Anyway i decided to go to toyota and ill never bye anything else,totally reliable.

THE VAN IN FRONT IS A TOYOTA 8)

[aqualectric]

Re: replacement van

The Citroen was an example and to be fair, the maintenance contract includes all the repairs and spares.
I will be looking other places as my local Citroen dealer is a shambles. They are the most useless bunch imaginable.
But my 2 Citroen Dispatch vans over the last six years have been very reliable indeed. Credit where it’s due. 😉

Steve.

[harley]

Re: replacement van

point taken steve,maybe you just touched a nerve when the word citreon 😯 was mentioned.good luck with your next van. 8)

[Penguin45]

Re: replacement van

I run a Scudo (same van, different badge) and it’s really rather good…….

Penguin45.

[aqualectric]

Re: replacement van

Saying that….

If you saw some of my complaint letters written last year to Citroen’s management, you would be convinced I was an axe – wielding maniac……. 😯
Now, if you had mentioned the name of the dealership……. :hitfan: :angry4:

Steve.

[wsts]

I have just bought a new Transit, was going to get the ST version but got offered a GLX at a good price, air-con, full electric pack,deep blue mettalic, reverse sensors, 6 cd changer, the works, even better I ordered it today and its due for delivery next friday…..

Anybody want to buy an 04 Ducato ?

[Author]

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