Buying a van

Discussion in 'Accounts & Finance' started by Cranbrook, Aug 19, 2019.

  1. Gordon - Commercial Finance

    Gordon - Commercial Finance UKBF Ace Free Member

    1,546 421
    Not really allowed to talk about rates on the forum as that would be self-promoting, and also it depends on way too many other factors.
    Deposit can be a little as just the VAT, maybe first payment up front, or as much deposit as you want. Up to you.
    I do have the ability to fund privately purchased vans, but the conditions are very strict, and the seller needs to have an original invoice from when they bought the thing. Much, much easier to do it through a reputable dealer, and there's enough vans out there that you shouldn't struggle to find one.
     
    Posted: Aug 21, 2019 By: Gordon - Commercial Finance Member since: Jun 26, 2017
    #21
  2. ruby123

    ruby123 UKBF Newcomer Free Member

    28 0
    Ok thanks, I understand, I may be in touch. Thanks
     
    Posted: Aug 21, 2019 By: ruby123 Member since: Oct 30, 2018
    #22
  3. Gordon - Commercial Finance

    Gordon - Commercial Finance UKBF Ace Free Member

    1,546 421
    That's fine send me a PM if you want and we can exchange numbers/email addresses.
     
    Posted: Aug 21, 2019 By: Gordon - Commercial Finance Member since: Jun 26, 2017
    #23
  4. ruby123

    ruby123 UKBF Newcomer Free Member

    28 0
    Cheers, can you pm me your email it won’t let me as I don’t have enough posts
     
    Posted: Aug 21, 2019 By: ruby123 Member since: Oct 30, 2018
    #24
  5. Cranbrook

    Cranbrook UKBF Newcomer Free Member

    7 0
    If I take a loan to buy a van and my monthly repayment is lets say £200, can I clain all that back against tax until the loan is fully paid?

    Apologies if this is a stupid question
     
    Posted: Aug 28, 2019 By: Cranbrook Member since: May 12, 2019
    #25
  6. The Byre

    The Byre UKBF Ace Free Member

    8,991 3,511
    Start apologising!

    P.S. Yes.
     
    Posted: Aug 28, 2019 By: The Byre Member since: Aug 13, 2013
    #26
  7. Cranbrook

    Cranbrook UKBF Newcomer Free Member

    7 0
    Haha okay thanks!

    Next stupid question... Im a sole trader but I have a company name, do I buy the van in my name or in the company name?
     
    Posted: Aug 28, 2019 By: Cranbrook Member since: May 12, 2019
    #27
  8. The Byre

    The Byre UKBF Ace Free Member

    8,991 3,511
    Business 101 - you are a sole trader. Your name, but make sure it really is tax-deductable.

    Talk to your accountant! That's what the Mother F is there for!
     
    Posted: Aug 28, 2019 By: The Byre Member since: Aug 13, 2013
    #28
  9. Scalloway

    Scalloway UKBF Legend Free Member

    15,234 3,225
    No you can only claim the interest part.
     
    Posted: Aug 28, 2019 By: Scalloway Member since: Jun 6, 2010
    #29
  10. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    10,657 2,156
    Big Big Big Difference
     
    Posted: Aug 29, 2019 By: Chris Ashdown Member since: Dec 7, 2003
    #30
  11. DavidWH

    DavidWH UKBF Enthusiast Free Member

    1,461 267
    You'll not go far wrong speaking with @Gordon - Commercial Finance

    Got a cracking deal from the dealers, and gordon's sorted us a cracking deal on the finance... the leasing company we leased the current van off was quite surprised when I told them we'd bought a new van :D
     
    Posted: Aug 29, 2019 By: DavidWH Member since: Feb 15, 2011
    #31