[dazmond]

No I won't mate.more like 13k then sell it and lease another brand new Van.happy days.

[Dave Willis]

13k? Never!

[Dave Willis]

To quote a well known bender of the truth


£21,500 including VAT.its the limited version(1.6 tdci,115ps,L2,240)top spec.i can sell it after 5 years and do a new deal on another brand new van if i want

[Marc Stock]

It is more tax efficient to lease If your business  can support it. If you cannot afford to lease then buying is cheaper.

But doing some more research I found this:

"As a general rule, if a car has a good resale value then you're better off buying it. After three years you'd own a valuable asset, whereas with a leased car you'd have nothing.

But if the car plummets in value then it's probably cheaper to lease it, as you won't be bearing the brunt of the depreciation


Read more at http://www.gocompare.com/car-insurance/is-it-cheaper-to-lease-or-buy-a-car/#r3jbMkIDywJf71wB.99"

If you are a company with employees, and need a fleet of vans I guess leasing will be the best option.

Oh I don't know anymore...I have confused myself......

[dazmond]

To quote a well known bender of the truth


£21,500 including VAT.its the limited version(1.6 tdci,115ps,L2,240)top spec.i can sell it after 5 years and do a new deal on another brand new van if i want

You sell it after 5 years ya dummy!if I get over 7k then I keep the extra (after tax of course).5 years of paying £200+ a month is around 13k.

[andyM]

If you are a company with employees, and need a fleet of vans I guess leasing will be the best option.

That's the conclusion that I came to a few years ago.
As a sole trader the best financial deal for me was buying a van.
I happened at the time to source a pre registered van locally and literally saved thousands on the retail price and got a van  with 75 miles on the clock.
The one man bands that are leasing are most probably only doing so as they don't have cash to buy  a new vehicle or an adequate credit score to borrow.

[dazmond]

Ill sell it after 5 years to pay off the balloon payment Dave.so I pay around 13k for a new Van for 5 years.

[dazmond]

If you are a company with employees, and need a fleet of vans I guess leasing will be the best option.

That's the conclusion that I came to a few years ago.
As a sole trader the best financial deal for me was buying a van.
I happened at the time to source a pre registered van locally and literally saved thousands on the retail price and got a van  with 75 miles on the clock.
The one man bands that are leasing are most probably only doing so as they don't have cash to buy  a new vehicle or an adequate credit score to borrow.

You need a good credit score to lease a van.they don't just lease a van to anyone!

Also it's much better( for me anyway) to just pay a small monthly payment instead of forking out £££££'s in one hit.

[Dave Willis]

Dazmond ya dummy it doesn't work like that. Your van has still cost you over £21000. When you lease your next van you might have some money to start again if you sell. What you are doing is counting your chickens before they've hatched. A bit like pretending your van hasn't cost you anything at all because your customers paid for it! It has in fact knocked your income back because you have foregone your potential pay rise. You will have spent £21000 to own a van hopefully worth what in five years? You could have spent half of that on a nearly new van and achieved the same result.
I think leasing is good if you are vat registered, run up big mileages or are desperate. Leasing is always loaded in favour of the dealer and their bank - it has to be.

[Dave Willis]

If I sold my house I'll probably find it's actually cost me nothing! £350,000 for nothing. Not bad.

[dazmond]

The van will cost me nothing as the pay rise has covered the payments.

After paying 13k in 5 years of  lease payments  I then sell the van for at least 7 k and pay the balloon.

I then get another brand new Van and the process starts again.

Maybe it's not the cheapest option but it suits me at present.it's a business expense that I can easily afford and it's easy and  low hassle.

[duncan h]

Some think no one mentions HYUNDAI. They also do a 6 seater. 1 ton loan. 38mpg. and 100,000 warranty. £18000 a vat

[dd]

The van will cost me nothing as the pay rise has covered the payments.

After paying 13k in 5 years of  lease payments  I then sell the van for at least 7 k and pay the balloon.

I then get another brand new Van and the process starts again.

Maybe it's not the cheapest option but it suits me at present.it's a business expense that I can easily afford and it's easy and  low hassle.

So the 13k you will have paid plus the 7k balloon payment you then make is around 20k. No idea what depreciation will be, but if resale value is less than 7k it would cost you even more.

Not saying you have done the wrong thing, but for me personally as a sole trader who is not a higher rate tax payer buying makes more sense than leasing.

A company has to make more money leasing a vehicle than selling it or it would not make good business sense for them to do so, so logically it would normally cost more to lease than buy when you factor everything in to the equation.

[pikeman]

Like the look of the vauxhall vivaro think I'll see what deals are out there

[the king]

there is some cracking deals on the vivaros  13k will get you one with 20,000 on the clock

[Marc Stock]

there is some cracking deals on the vivaros  13k will get you one with 20,000 on the clock

Huh yeah and at 21k the gearbox gives out

[pikeman]

Think the gearbox promblem has been sorted out on the newer models

[dazmond]

The van will cost me nothing as the pay rise has covered the payments.

After paying 13k in 5 years of  lease payments  I then sell the van for at least 7 k and pay the balloon.

I then get another brand new Van and the process starts again.

Maybe it's not the cheapest option but it suits me at present.it's a business expense that I can easily afford and it's easy and  low hassle.

So the 13k you will have paid plus the 7k balloon payment you then make is around 20k. No idea what depreciation will be, but if resale value is less than 7k it would cost you even more.

Not saying you have done the wrong thing, but for me personally as a sole trader who is not a higher rate tax payer buying makes more sense than leasing.

A company has to make more money leasing a vehicle than selling it or it would not make good business sense for them to do so, so logically it would normally cost more to lease than buy when you factor everything in to the equation.

i could just pay the balloon myself and keep the van say another 5 years and pay a peppercorn rental(usually around £200 a year)if i wanted to.

the thing is i should easily get 7k for a 5 year old van with 20k-25k on the clock in good clean condition with full service history.

[dazmond]

there is some cracking deals on the vivaros  13k will get you one with 20,000 on the clock

i wouldnt have a vivaro if you were giving one away for free.

[֍Winp®oClean֍]

there is some cracking deals on the vivaros  13k will get you one with 20,000 on the clock

You can get a brand new one for that.... plus vat.
No gearbox issues on the new models and a much better size than a connect etc.