Leasing a Van

[Elsa TLC]

From experience is this a good option.
Is it the way to go.

It makes a diesel more viable over the next 4 or 5 years.

No lump sum .

 

[blup]

Buy one, see your previous thread for details

 

[pete01]

By the time you make your mind up you can buy a flying van

 

[Mottie]

Bearing in mind you have a full time employed job, bearing in mind you want, not need, this van just for part time work and bearing in mind you have previously said you sub out most of the part time work you’ve been offered, what would your part time earnings that you earn with this van stack up to compared the initial deposit and monthly payments (plus vat) you will be making?

 

[Elsa TLC]

By the time you make your mind up you can buy a flying van

Its a big thing. I need to be sure.

Mottie thinks his digging at me, in reality he is giving good advice.

I never knew about the highest rate of road tax!
Dies this apply to leasehold vans.

There is no rush. I just need to make the right decision.

 

[Elsa TLC]

Bearing in mind you have a full time employed job,

I have a job that pays me a small full time wage.
Im very flexible. Ive not counted but some weeks I earn more money plumbing than the school job.

bearing in mind you want, not need,

I currently have a 16 year old juicy Honda.
I also have a van that is larger than I need now. It still has life and would serve my mate better than me.

this van just for part time work

and a family vehicle.

and bearing in mind you have previously said you sub out most of the part time work you’ve been offered,

Id rather give the work to him than lose a customer. Its works well.

what would your part time earnings that you earn with this van stack up to compared the initial deposit and monthly payments (plus vat) you will be making?

I need a reliable car for the family
I also need a reliable van for what work I do do. Id say the part time plumbing is easy money as long as im geared up to take the work.

Over the year I suspect my earnings are better plumbing than the school. Im yet to see my accountant, so time will te

 

[Mottie]

Mottie thinks his digging at me, in reality he is giving good advice.

I’m not digging at you, I’m trying to give you a reality check to counterbalance your romantic notion of a brand new van that you think will enhance your quality of life by doing everything you need it for. While your van is still stopping and starting, save your money. What does Mrs Bod think of it? Will she be happy driving a van when she has to go out in it with the kids?

 

[Elsa TLC]

I’m not digging at you, I’m trying to give you a reality check to counterbalance your romantic notion of a brand new van that you think will enhance your quality of life by doing everything you need it for. While your van is still stopping and starting, save your money. What does Mrs Bod think of it? Will she be happy driving a van when she has to go out in it with the kids?

Some of your advise is good advise. Things ive not thought about. I know your intentions are good. That said you speak of the negatives, yet there are so many positives that work with my circumstances. Without going to deep, other than I'm in need of a new van . I dont care if its five years old.
Its got to be
Reliable.
Comfortable
Affordable
Smart
Economical
Practical.
My daughter turns 16 next month. Another year she could be driving. Id then buy a car to suit her.
It would be a big car
Won't be a
family car.
a car for the dogs

 

[Diver Fred]

From experience is this a good option.
Is it the way to go.

It makes a diesel more viable over the next 4 or 5 years.

No lump sum .

NO. Expect it to cost you around £400 (or more) per month for 4 years at least. at the end you either have to buy it for about 50 to 60% of the new price today depending on milage. You still have to tax and insure it, service it. It''s not going to earn it's keep as you use it for your job.

You have a van at present - is the bodywork good? if it is then keep it.

You've looked at vans, you own another vehicle, which obviously serves its purpose. I'm beginning to think you have some money that is 'burning a hole in your pocket'; that is the only treason for looking at a van.

IMO - you would better off with a big estate car.

 

[flameport]

From experience is this a good option.
Is it the way to go.

Leasing is ideal for people that want to drive around in a shiny new van, and change that van for another shiny new one every few years.
Basically paying an expensive subscription to always be driving the latest piece.

If you intend to keep a vehicle for a long time, leasing is a total bust.

 

[Murdochcat]

I bought my "final" van ex demo from VW. Saved £8K

Sold it 7 years later and the depreciation was about £1100 per year - then bought myself a decent car.

Leasing has hug pitfalls - mileage under - OK , mileage over - extra cost per mile. ANY scratches or dents will cost you dearly

 

[Mottie]

I have a job that pays me a small full time wage.

Id say the part time plumbing is easy money as long as im geared up to take the work.

Over the year I suspect my earnings are better plumbing than the school. Im yet to see my accountant, so time will te

Why not make plumbing your full time job if you’re getting more money doing part time plumbing than the full time job you’re doing for a small wage?

In that situation, it would make perfect sense to get your dream van/family car.

How many cars in your house - does Mrs Bod have a family car? If so, could you not do with one proper car and one proper van?

 

[Elsa TLC]

NO. Expect it to cost you around £400 (or more) per month for 4 years at least. at the end you either have to buy it for about 50 to 60% of the new price today depending on milage. You still have to tax and insure it, service it. It''s not going to earn it's keep as you use it for your job.

Leasing has never seemed a good idea to me

You have a van at present - is the bodywork good? if it is then keep it.

Its ok but its bigger than whst I need and 12 years old. My mate does the bigger so Ill let him have it.

I have 10 years left to work. Im goingbto need a new van one day.

You've looked at vans, you own another vehicle, which obviously serves its purpose. I'm beginning to think you have some money that is 'burning a hole in your pocket'; that is the only treason for looking at a van.

I need a reliable van. My car is 16 years old. Its getting worn out and its juicy. Window playing up tonight.

IMO - you would better off with a big estate car.

I try yo be organised. No way could I work from an estate car. I also think it look unprofessional.

 

[Elsa TLC]

Leasing is ideal for people that want to drive around in a shiny new van, and change that van for another shiny new one every few years.
Basically paying an expensive subscription to always be driving the latest piece.

If you intend to keep a vehicle for a long time, leasing is a total bust.

I see this as my last new vehicle. If I could buy a decent 2nd hand then I think that would suit me.

 

[Elsa TLC]

Why not make plumbing your full time job if you’re getting more money doing part time plumbing than the full time job you’re doing for a small wage?

Ive had my business for 26 years. I no longer want to go into London.
Big chunk of my work.

I fit full bathrooms/ shower conversions. Id organise the design, the materials and the trades
from the start to finish. I was good at this.
The problem is all the trades I use are knackered and old. Im not good without decent trades. I dont want to take risks with New trades, I've been stung.
Big chunk of my work.

Two insurance companies I worked for. To much traveling and moaning about my costs.
Still do a bit for one. But not much.
Big chunk of my work.

Im nearly 60. I dont want to do the hard graft.
I just want to do the quick response emergency work.

In essence there is not enough of it. What I fo get pays really well. My mate backs me up if I need him. In return I give him the bigger static work. Hes 15 years younger and fitter than me.

In that situation, it would make perfect sense to get your dream van/family car.

Id love my last new van.
If there was a really tasty racked out van sitting next to a proper Aston Martin. Id be all over the Van.

How many cars in your house - does Mrs Bod have a family car? If so, could you not do with one proper car and one proper van?

Thats what I have now both old but run well.
Mrs Bod doesn't drive.