By Van Monster
From florists to builders, a variety of SMEs rely on vans to get their jobs done. With this in mind, it’s crucial that businesses select the right vehicle for their needs.
While size and speed are undoubtedly important factors, there are a number of financial aspects that should be considered to ensure you’re getting the best value for money. Our handy guide will show you how to avoid pitfalls and money pits when buying your next van.
Buy or lease?
The question of whether to buy or lease a van has been troubling entrepreneurs for some time now, with both offering their own unique benefits.
When you’re in the market to buy a van, you can do more in the way of saving money. You’re able to haggle in terms of price, as well as part exchange your previous model to reduce your spends even further. If you opt to buy a used van from retailers like Van Monster, you can save even more cash.
Due to the expenditure associated with buying a van, it is unlikely that you will be able to change vehicles every few years. Leasing one instead enables you to do this as, once your contract on a particular vehicle expires, you are free to select a new model. In addition to this, lease vans free you from expensive maintenance costs, with most contracts including breakdown cover as standard.
However, you can be limited to the number of miles you can cover in a lease vehicle. If your business requires you to make frequent long journeys across the country, it may be best to buy a van instead.
To help you decide between the two, we recommend creating a list of everything you require from a vehicle. This will add clarity to the decision-making process.
Of course, it’s not just the initial cost of purchasing a van that you need to consider. Always check out your van’s specification before you part with your cash, to ensure its efficiency on the road. After all, you don’t want to spend a fortune on fuel.
It’s also worth considering what kind of fuel your van runs on. For many years, diesel vehicles have been the first choice for motorists, boasting incredible efficiency. However, is this all about to change?
As reported by BBC News, London Mayor Boris Johnson is keen to introduce a £10 charge on diesel vehicles driving in the capital, to create a new Ultra Low Emission Zone (ULEZ). This charge, which would be in addition to the existing £11.50 congestion charge, is something to consider when purchasing or leasing your next van – especially if you frequently work in London.
By taking these points into consideration, you can ensure you get the best van to meet your needs, while minimising expenditure and maximising profit.