Is It Wise To Buy Used Vans?

With finance of all kinds difficult to come by you will find fewer van leasing deals available than there had been just a few of years ago.

Go back to the beginning of 2008 and there were hire purchase offers, van contract employ offers and van leasing deals advertised all over the place. The average van purchaser has had to believe once more, as the hurdles that he has to jump through to get the credit to buy a used van have been set increasingly higher.

Your typical van buyer – a tradesman – let’s say, a builder or plumber used to be in a position to get a deal for about a couple of hundred pounds a month to drive around inside a new van – the price of going out for a few of meals a month. Now with these van leasing offers harder to obtain he is turning towards the utilized marketplace.

There’s a down side to this – namely the costs of used vans are rising as the demand increases. In a double whammy impact the provide of newish utilized vans is set to dry up. The bottom fell out of the new van market at the middle of 2008. This means that the quantity of vans registered because this time is 50% of the numbers registered in previous many years. As we strategy 2011, the provide of two-year-old vans will be terribly low. It is hard to know what to recommend, because the London van users alo have to think about the imminent Low Emmissions Zone legislation that currently only applies to trucks. If you buy a van that is too previous you will not be in a position to drive it in London soon.

My advice? Don’t hold out. Should you cannot afford a brand new van or cannot get the necessary credit score for 1 then get your self a late model utilized sooner rather than later. Make sure it is post 2002, but ideally a 2006/2007 model – before everyone catches on.