Is It Wise To buy Utilized Vans?
With finance of all kinds hard to come by there are fewer van leasing offers obtainable than there had been just a few of many years ago.
Go back to the beginning of 2008 and there had been employ purchase offers, van contract hire offers and van leasing deals advertised all over the place. The average van purchaser has had to believe again, as the hurdles that he has to jump via to get the credit to buy a used van have been set increasingly greater.
Your typical van buyer – a tradesman – let’s say, a builder or plumber used to be able to get a deal for about a couple of hundred pounds a month to drive around in a new van – the cost of going out for a couple of meals a month. Now with these van leasing offers tougher to get he is turning towards the utilized market.
There’s a down side to this – namely the costs of used vans are rising as the demand increases. Inside a double whammy effect the supply of newish used vans is set to dry up. The bottom fell out with the new van market at the middle of 2008. This indicates that the number of vans registered because this time is 50% of the numbers registered in previous years. As we strategy 2011, the provide of two-year-old vans will be terribly low. It is difficult to know what to recommend, as the London van users alo have to consider the imminent Low Emmissions Zone legislation that currently only applies to trucks. If you buy a van that’s too previous you won’t be in a position to drive it in London soon.
My guidance? Don’t hold out. If you cannot afford a brand new van or can’t get the necessary credit for 1 then get yourself a late model used sooner instead of later. Make sure it is post 2002, but ideally a 2006/2007 model – before everyone catches on.
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