[jo5hm4n]

So i have a Ford Transit Custom Limited 2016 with about 50k miles on the clock.  The Finance is coming to an end in 2 months time and my balloon payment is £7,500.  When i originally signed up for this all i could think was that i would be lucky if the van was still worth £7,500 at the end of the term.

Well with all the current hype around inflated van prices in the used van market, i decided to check what my van was worth today.  I am finding the same van, mileage and year seems to be going from anywhere from £11,000-£15000!!!!!!

So originally i was just going to refinance the van for another 4 years, but now i am thinking that if i sell the van, i could make a nice tidy profit and then just as i did before get myself another new van on finance again.

My question is have the price of new vans gone up aswell or just used vans? 

If i sell a used van just to buy a new van, am i making a profit here, or is it the case that the price of new vans have also gone up so much that i wont be profiting at all when all is said and done.

What decisions are you guys making regarding your vans?

Thanks 

[Dry Clean]

You're looking at it all wrong, you still owe £7500 on your van so that leaves you with an investment worth between £3500 and £7500,  there is no profit here, the only question you have to answer is do you put that money into a new van or keep/buy your £11,000 to £15,000 worth of van  for £7500, I know the option I would choose.

[dazmond]

So i have a Ford Transit Custom Limited 2016 with about 50k miles on the clock.  The Finance is coming to an end in 2 months time and my balloon payment is £7,500.  When i originally signed up for this all i could think was that i would be lucky if the van was still worth £7,500 at the end of the term.

Well with all the current hype around inflated van prices in the used van market, i decided to check what my van was worth today.  I am finding the same van, mileage and year seems to be going from anywhere from £11,000-£15000!!!!!!

So originally i was just going to refinance the van for another 4 years, but now i am thinking that if i sell the van, i could make a nice tidy profit and then just as i did before get myself another new van on finance again.

My question is have the price of new vans gone up aswell or just used vans? 

If i sell a used van just to buy a new van, am i making a profit here, or is it the case that the price of new vans have also gone up so much that i wont be profiting at all when all is said and done.

What decisions are you guys making regarding your vans?

Thanks 

all medium size van prices both old and new have gone through the roof......ill be in a similar situation in jan next year.....

new connect 240 L2 limited vans are going for 28k brand new these days!

ill be paying the balloon off (7k) and keeping the van....it will have cost me just over £20k altogether but it will only have  around 16k on the clock with plenty of life left in it yet

[jo5hm4n]

You're looking at it all wrong, you still owe £7500 on your van so that leaves you with an investment worth between £3500 and £7500,  there is no profit here, the only question you have to answer is do you put that money into a new van or keep/buy your £11,000 to £15,000 worth of van  for £7500, I know the option I would choose.

If i sell the van and i am left with £3500-£7500, i will keep most of this money myself or back into the business account.  I have just looked into it and if i purchase a new van with an upfront deposit/rental of £1500, the monthly repayments compared to 5 years ago are 20% higher.  I will be £50 worse off per month from a month to month cashflow point of view.

That still leaves me with £2000-£5000 leftover from the sale of the current van and finance purchase of the new van.  Even with the increased rental payments it would take 3 years+ before im at a loss from the increase of the new van costs.

Or am i missing something here?

The way i am seeing it is that if i can come out of this with £2000-£5000 in equity from selling the current van and buying the new van, then i can use this money either for myself personally, or just throw it into the business which could be used for lots of things including any van system upgrades or maintenance etc.....

Anyway go on then please tell me which option you would choose.  Im curious.

[jo5hm4n]

So i have a Ford Transit Custom Limited 2016 with about 50k miles on the clock.  The Finance is coming to an end in 2 months time and my balloon payment is £7,500.  When i originally signed up for this all i could think was that i would be lucky if the van was still worth £7,500 at the end of the term.

Well with all the current hype around inflated van prices in the used van market, i decided to check what my van was worth today.  I am finding the same van, mileage and year seems to be going from anywhere from £11,000-£15000!!!!!!

So originally i was just going to refinance the van for another 4 years, but now i am thinking that if i sell the van, i could make a nice tidy profit and then just as i did before get myself another new van on finance again.

My question is have the price of new vans gone up aswell or just used vans? 

If i sell a used van just to buy a new van, am i making a profit here, or is it the case that the price of new vans have also gone up so much that i wont be profiting at all when all is said and done.

What decisions are you guys making regarding your vans?

Thanks 

all medium size van prices both old and new have gone through the roof......ill be in a similar situation in jan next year.....

new connect 240 L2 limited vans are going for 28k brand new these days!

ill be paying the balloon off (7k) and keeping the van....it will have cost me just over £20k altogether but it will only have  around 16k on the clock with plenty of life left in it yet

That mileage is so low, i wouldn't be suprised if you made a profit from that.  Vans with 50k on the clock are going easily for £15K+ your van may be worth as much as 20k........


Curious Dazmond, which van would you get next? 

I have a 5 year old Transit Custom Limited, but also i do have a smaller van Transit Connect (2009).

Wondering whether to even just downgrade a new van and get a transit connect instead as i do love those vans now that i've had my own one.

[dazmond]

So i have a Ford Transit Custom Limited 2016 with about 50k miles on the clock.  The Finance is coming to an end in 2 months time and my balloon payment is £7,500.  When i originally signed up for this all i could think was that i would be lucky if the van was still worth £7,500 at the end of the term.

Well with all the current hype around inflated van prices in the used van market, i decided to check what my van was worth today.  I am finding the same van, mileage and year seems to be going from anywhere from £11,000-£15000!!!!!!

So originally i was just going to refinance the van for another 4 years, but now i am thinking that if i sell the van, i could make a nice tidy profit and then just as i did before get myself another new van on finance again.

My question is have the price of new vans gone up aswell or just used vans? 

If i sell a used van just to buy a new van, am i making a profit here, or is it the case that the price of new vans have also gone up so much that i wont be profiting at all when all is said and done.

What decisions are you guys making regarding your vans?

Thanks 

all medium size van prices both old and new have gone through the roof......ill be in a similar situation in jan next year.....

new connect 240 L2 limited vans are going for 28k brand new these days!

ill be paying the balloon off (7k) and keeping the van....it will have cost me just over £20k altogether but it will only have  around 16k on the clock with plenty of life left in it yet

That mileage is so low, i wouldn't be suprised if you made a profit from that.  Vans with 50k on the clock are going easily for £15K+ your van may be worth as much as 20k........


Curious Dazmond, which van would you get next? 

I have a 5 year old Transit Custom Limited, but also i do have a smaller van Transit Connect (2009).

Wondering whether to even just downgrade a new van and get a transit connect instead as i do love those vans now that i've had my own one.

ill be keeping my van for at least another 6-8 years mate.....ive got it set up perfectly for my needs with my diesel heater,etc.....

after that itll be a brand new electric van with a different way of heating my water(probably immersion heater unless something better comes onto the market)

[֍Winp®oClean֍]

Keep it and run it for another 10 years. Do what you choose with the money you save.👍

[jo5hm4n]

So another reason i am thinking of selling the van is because its at 50k on the clock.  I am well aware that vans can do up to 150k miles.  Im also aware though that somewhere between 50k-100k things can start going wrong with a van that can be costly to fix.

Ive had the van for 5 years done 50k miles and literally nothing has gone wrong.

Whereas my other van which has 95k on the clock, something goes wrong with it atleast once or twice a year that costs money.

So how long do most of you guys keep your vans for then?  Would you consider selling at 50k, or do you prefer to just keep the van as long as is possible and really max it out.

Just curious to know what other window cleaners are doing....

[֍Winp®oClean֍]

At 50k it's just run in!!
That's terrible economy to spend over 20k on a van only to be in fear of it after only 50k miles!
My old neighbour had a transit minibus he did airport runs with, it had 350k on the clock! Engine was sound, it was the body that gave up first in the end!
Are you looking for an excuse to buy a new van or genuine business, economic advice?

[dd]

I have had my van a bit over 15 years and done 130k.

Only major expense was a new clutch at 113k. Plan to keep it at least another 18 months.

[Matt.]

I would pay off the van mate and keep running it, once paid for the cost of repairs is only equivalent to a few months repayments.

I have 2 partner vans both 16 plates, I made final payment on one of them on 1st of this month and next one ends in august.

Both sat round for a year while covid messed us about and as soon as we went back to work, one of them had clutch go and other one had ad blue tank problems, which meant a replacement tank.
I fully intend to run these for at least 2-3 years after being paid for regardless of any repairs or break downs they encounter, whilst I pay off trafic van I drive. 

Reading on the old inter-noogle we will all have to go electric in next 10 years so don’t go getting urself new vans just yet.....

Recuperate some pennies and keep an eye on what’s going on with these electric vans which are massively over priced

Matt 

[windowswashed]

I'm lucky as my vito is low mileage and a fast runaround so hanging on to it. I'm serlling my Vdub now I've converted it to a camper, ideal with the secondhand values going crazy as which suits me as I'm putting it towards a detached bungalow.

[EandM]

When I bought my second Ford Ranger I kept the first one as a backup.
I've had it for over 10 years, originally paid £2,500 at 130k miles and I've spent very little on upkeep
Now on 170k and still going strong.

The reason for keeping it is simple.  It's now worth about what I paid for it and having it as a backup vehicle, allowing for VED, MOT and Insurance, only costs £12 a week.

[AuRavelling79]

My Hyundai iload is over nine years old and on 55K. I bought it new.

When I bought it I planned to run it for ten years minimum.

Now I'm thinking of running it "forever" and I already have enough put aside to buy a new van should I need to. (I would probably put down 10K and loan 10K approx) but I hope not to make that decision for a few years.

However I am now looking to end of business opportunities ranging from taking on an employee to do my round while I keep some cream for myself to selling everything and ticking over with a few half days of "cream" per month. Over the next eighteen months I am "improving the hourly rate of my work" in readiness.

I have an eye to electric and I don't think I would want to buy a diesel right now unless I wrote my present van off. I guess as each year goes by the electric possibility might become more likely if I stay in the game.

[AuRavelling79]

I'm lucky as my vito is low mileage and a fast runaround so hanging on to it. I'm serlling my Vdub now I've converted it to a camper, ideal with the secondhand values going crazy as which suits me as I'm putting it towards a detached bungalow.

If you convert a van to a camper what are the practicalities - insurance issues - tax issues etc?

[robbo333]

I'm not very clever at this kind of stuff but i'd keep it.

What you're saying is, you have the opportunity to buy a 50K van, good history, for 7.5k, when potentially you could be paying up to 15K, if you bought the same van elsewhere. You're buying your own van at half price, that sounds like a bargain. Bet the finance company is kicking itself.

Can I just add...my mate bought a brand new Ford Ranger and just 10K in, he's had 3 major engine failures. After threatening legal action Ford's have just fitted a new engine under warranty, You can't believe the grief he's gone through. Not all new vehicles are great.

[EandM]

Can I just add...my mate bought a brand new Ford Ranger and just 10K in, he's had 3 major engine failures. After threatening legal action Ford's have just fitted a new engine under warranty, You can't believe the grief he's gone through. Not all new vehicles are great.

Rangers after 2011 are built by Ford and have at least one, potential catastrophic engine issue with the stupidest oil pump design known to man.

Rangers before 2011 are built by Mazda and don't.

As a result, the older Rangers have developed a bit of cult following and demand and values are artificially high as a result.

[Spruce]

Can I just add...my mate bought a brand new Ford Ranger and just 10K in, he's had 3 major engine failures. After threatening legal action Ford's have just fitted a new engine under warranty, You can't believe the grief he's gone through. Not all new vehicles are great.

Rangers after 2011 are built by Ford and have at least one, potential catastrophic engine issue with the stupidest oil pump design known to man.

Rangers before 2011 are built by Mazda and don't.

As a result, the older Rangers have developed a bit of cult following and demand and values are artificially high as a result.

What I don't understand is why there isn't a replacement gear kit freely available on the UK and European markets to replace that stupid rotor vane oil pump.

Why can the Australians have an upgrade kit/pump but not us?
https://ssch.com.au/oil-pump-upgrade-2-2-and-3-2-ranger-bt-50/

I removed my old oil pump and replaced it with a new one just after I bought my Peugeot Boxer. The old pump looks fine but I've kept it in the hope a geared kit becomes available locally.

[Ched]

Can I just add...my mate bought a brand new Ford Ranger and just 10K in, he's had 3 major engine failures. After threatening legal action Ford's have just fitted a new engine under warranty, You can't believe the grief he's gone through. Not all new vehicles are great.

Rangers after 2011 are built by Ford and have at least one, potential catastrophic engine issue with the stupidest oil pump design known to man.

Rangers before 2011 are built by Mazda and don't.

As a result, the older Rangers have developed a bit of cult following and demand and values are artificially high as a result.

What I don't understand is why there isn't a replacement gear kit freely available on the UK and European markets to replace that stupid rotor vane oil pump.

Why can the Australians have an upgrade kit/pump but not us?
https://ssch.com.au/oil-pump-upgrade-2-2-and-3-2-ranger-bt-50/

I removed my old oil pump and replaced it with a new one just after I bought my Peugeot Boxer. The old pump looks fine but I've kept it in the hope a geared kit becomes available locally.

I would guess it's not available here as it would effectively invalidate the emissions test results. i.e. the reason for the naff pump is to increase engine efficiency by reducing the engine power needed to turn the pump at low rpm so saving  a drop of fuel here and there!!! Stupid design if you ask me.

[EandM]

Can I just add...my mate bought a brand new Ford Ranger and just 10K in, he's had 3 major engine failures. After threatening legal action Ford's have just fitted a new engine under warranty, You can't believe the grief he's gone through. Not all new vehicles are great.

Rangers after 2011 are built by Ford and have at least one, potential catastrophic engine issue with the stupidest oil pump design known to man.

Rangers before 2011 are built by Mazda and don't.

As a result, the older Rangers have developed a bit of cult following and demand and values are artificially high as a result.

What I don't understand is why there isn't a replacement gear kit freely available on the UK and European markets to replace that stupid rotor vane oil pump.

Why can the Australians have an upgrade kit/pump but not us?
https://ssch.com.au/oil-pump-upgrade-2-2-and-3-2-ranger-bt-50/

I removed my old oil pump and replaced it with a new one just after I bought my Peugeot Boxer. The old pump looks fine but I've kept it in the hope a geared kit becomes available locally.

The geared, FAI pumps are readily available here

https://www.ebay.co.uk/p/15019278605

https://www.onlinecarparts.co.uk/fai-autoparts-7933634.html?__cf_chl_captcha_tk__=73db782c1c7225f5c86df4bf5155dc747af6dad0-1623586187-0-AW-NLwLVlZeXNJVYlTKSU6o9ycPE6FBVaC3SrDdmlaTYgO1XsG4ES6ahqaeRqqXnEGLnXWisJcrqt_jm9Iwz7luGfy7Ms8A_legt_ifiE8cYwpxWHyPEW4bpxCQGwdkjjzZNXjQk-0VrM39cmi3rxTcCCNoeqPi2OHUvR-cK6AiL2GrprRe_wOJ10Akm2y2SM-F8JZGeh3zNS2-VKxCYuDGu2S6u3Mt0V4EP4MQc5RraAEYAG76sZkvkPXWSzzH8rayN9PSj04Q0zWYKunArgqOWRirAt7H6jHuC543QYE0OeSssRrLdVj5i64bWQn2zfeE95tI2AUDzCu4X9m7hR2-mapCL89Pk2gqli0GRSbcHnHN-ZEmR-AyEaAcrYzJFuw5Emj5SeB1Tk864dnKx6jBJpn_1_PEdQ457Um16X53ehV1PaueEyUUCbT74rTY0tS4_DOzh56vdzmHB6VTUTxKLaTEulCNCWlwgjNtEqy6R54-KpLmmls1pLCpnMjgUtxa3m6fyvyl_MmcWOjAkhis_2THwRAuLnUAzNETZvCjzFEGNuRWseJHF_rm9-5c4vmBz9yY6solXFVF53EmVZzbWR9g93LMoh9utMaP6GFLt7N71XOCoDGD48OH7kMi-SgfwuzxbErSfc_4AfInJkBqWnuZjmhryTHSjOzw6k_2rPVoS6GI3J4TdSJImPnNk_jEtob1juxXlt72bbepaWXg

A few people have fitted them and it seems to eradicate the problem of failure and of a lack of self priming if you take too long on the oil change.  Actually, some have been fitted because too long was taken on the oil change.

It's been described as a cure for a problem that should never have existed.

If I ever graduate to a T6 Ranger the oil pump is the first thing going in the bin.

According to John Cadogan of YouTube the standard vane oil pump makes a saving of 1.4 bhp over a geared type.
It seems to be one more thing in the link to get Euro 5 and 6 status which is why it's there.