April 26, 2017
Any vehicle purchase is a major investment, so it makes sense to do your research before committing to buy a new van. While the perception is that new vans are more expensive, the opposite is often true.
The most obvious answer – options. When you buy a new van, you’re in charge. With so many options relating to length and height you can tailor your new van to your exact requirements. Need a long wheel base with a low roof? Done. A short wheel base with a high roof? No problem. The same applies to your new van’s appearance. Choose your favourite colour with leather seats and a DAB radio. It’s up to you.
Depreciation tends to be a reason that people don’t buy new vehicles. However, vehicles in high demand will hold their value better. Certain manufacturers have a reputation for quality and reliability and will therefore see lower depreciation and a higher resale value. Even if you’re not overly concerned by depreciation it will affect you when the time comes to trade or sell your van.
While a used vehicle may initially cost less than a new one, it’s likely that the interest rate on your finance agreement will be higher. Potential customers are incentivised to buy new with low interest rates or other financial rewards that are absent with used vehicles. Don’t forget that if you’re VAT registered then you can claim back any VAT paid. The difference in cost can be surprising, and definitely worth considering.
Another drawback to buying used is that you will likely be getting an outdated vehicle. Whether it’s in-cab connectivity, new safety features or technological advancements and the only way to ensure the latest and greatest van is to buy new.
Used vehicles can come from a wide range of sources, from private users to rental companies. Despite their appearance and supporting documentation, a used vehicle can turn out to be a poor choice. When you buy a new van, you have peace of mind that you are the first to have used it and that it hasn’t been subjected to any prolonged use and/or abuse.
Maintenance costs on used vehicles can spiral out of control quickly, while a new van will have brand new parts and components. Sticking to your service schedule will ensure maintenance costs are kept to a minimum. What’s more, a neglected used vehicle is likely to have an adverse effect on engine performance and therefore fuel economy – not to mention the possibility of even more sinister issues.
Looking for a new van? You’ve come to the right place! You can check out our latest new van deals here, all of which are available with cheap van finance options including van leasing, contract hire and hire purchase. Simply fill in a contact form or call us on 0800 169 69 95 to get the ball rolling today!