Buying a new van advice

[centralheatking]

When you start up a business and even after a few years you really need to keep FIXED costs to a minimum. Fixed costs can really kill your will to carry on. If you have a bad week and your shiny truck
costs £100 per week the next week you will need £200 before you get out of bed. Go get a decent one used for cash and don’t forget they all depreciate especially new ones. Don’t spend too much because when it goes wrong just throw it away and get another. Houses go up in price vehicles plummet as soon as you drive them off the forecourt. Centralheatking

 

[SimonG]

I've had my 06 fiat doblo for 18 months cost me 1250 cash. Been self employed 15 years this year.

Cant see the point in crippling yourself with a load of debt when starting up. But each to their own.

 

[JKG]

You really need to speak to an accountant first of all. I would advise not to buy a brand new van straight away and get some cash in the bank before buying new.
I do see where your coming from with warranty and peace of mind though, I got a ex demo van from a main dealer about 18 months ago it was 3 months old and had 4K on the clock and got it at a great price compared to what it was worth new.
Shop around first

 

[oz-plumber]

Done some calculation ( rough ) and to put it bluntly.

If things went pear shaped after 1 year, you would owe more on the van than you could re-sell it for.
You deposit + your 12 month repayments, would not cover the loan if you sold the vehicle after 12 months.
You wouldn't get enough money from the sale of the van to cover the loan.

You would then be paying out a loan on a vehicle that you no longer have.

Shop around and find something that your 3.5K deposit is between 30% and 50% of the van price.
Loan the rest over a shorter period.

 

[king of pipes]

Very risky thing to do for a new business I have to agree with the chaps above buy a good second hand van keep your overheads down just got myself a new one 3 years old 250000 miles £7500 with vat no way I would buy brand new they get dented and scratched up i would be Soded off when it got marked up . Kop