If we put the van price to one side and look at things like servicing costs and maintenance etc, plus any lost time through older van issues does that start to even up the playing field?
mines a business finance lease NOT contract hire.no maintenance is included....i do that myself...obviously if the engine blew up it would be covered by the standard 3 year warranty you get on all new vehicles.....
maintenance up to now has been an oil filter change after a year(£80)......
no MOTs either for 3 years.....with my mileage the tyres/brakes will last years before any work needs doing(ive got a good cheap garage thatll do the basics anyway)
the leasing company are not bothered about the condition of the vehicle as its in my interest to look after it to sell it on after the 5 year contract expires and pay the balloon payment of 7k....
after 5 years my van will have around 20,000 miles on the clock and will have years of reliable life left in it so ill probably pay the 7k out of my own savings.
7k for a 5 year old van with 20k on the clock isnt bad.....but i will have paid around 13k already in monthly installments so indeed itll cost me £20k but if the van lasts me 10 years it works out at around £40 a week....(one largish domestic job a week).......