Van leasing?

[G. Lasagne]

At the moment I own my van, but what with depreciation,mot, and maintenance bills I'm thinking of flogging it and getting a lease van.
But I'm a bit unsure on what to go for contract hire or lease, I basically want to pay a monthly amount which covers all maintenance etc, and after the term just hand it back without having to pay balloon payments or fees for going over mileage.

Does anyone have any experience with this or can anyone offer any advice, I'm after a Nissan prima star like I have now. Ad can anyone recommend a good company to use, cheers

 

[roydmoorian]

It sound like you need to hire a van and not own / lease it.

Try

http://www.northgatevehiclehire.co.uk/

or

http://www.squarepegautomotive.co.uk/services/

 

[Rookery]

In my opinion, a full maintenance contract hire is an expensive way of running a van. A good nearly new, low mileage van, properly maintained, bought on HP would work out cheaper in the long run. Apart from standard services, brakes and tyres, you should get at least 100k miles out of it before you need to spend any serious money on repairs. And once you've paid for it, its yours and it will have a residual value.

 

[G. Lasagne]

Thanks guys, i have alot to think about it, will check the links out, thanks.

Dave

 

[estwig]

I had a VW transporter on contract hire from this lot, they was the cheapest I could find.

£200.00 a month plus VAT, two year contract but I kept the van for 3 years, brand new van with manufacturers warranty and breakdown cover. They paid road tax and i was supposed to pay for servicing and repairs. 12,000 miles a year max, go over that and it starts to hurt.

I never spent a penny on it, never bothered with servicing, sent it back after 3 years with under 20k on the clock and immaculately clean. They picked it up from me and put it straight into auction that day. No one said a word about the lack of servicing, but it did only have minor wear and tear, I didn't abuse it.

Cheap as chips, running around in a brand new van, right impression to the punters and piece of mind for me.

 

[roydmoorian]

I never spent a penny on it, never bothered with servicing, sent it back after 3 years with under 20k on the clock and immaculately clean. They picked it up from me and put it straight into auction that day. No one said a word about the lack of servicing, but it did only have minor wear and tear, I didn't abuse it.

A very good reason NOT to buy from auction then

 

[d-g.repairs]

I looked at the lease option when i sold my previous van but i decided to stick with the outright purchase option because my work is very up and down at the moment and i don't want to worry about the monthly payment.

Also have to agree about the auction route its a minefield i went to a big van auction but came away with nothing because you just dont know what your buying even the ex-lease stuff can be a nightmare.

 

[DDPlumbing]

I ended up buying a new Transit as the deals made it cheaper than a lease, I just bought outright, Now I know its history as I got it with 9 miles on it, I know it will get serviced, I plan on keeping it for 7 years

 

A very good reason NOT to buy from auction then

Most modern vehicles do not need servicing apart from the oil change and filter ,air and water.

Its all a little padding for the dealers.

Earl

 

[roydmoorian]

Most modern vehicles do not need servicing apart from the oil change and filter ,air and water.

Its all a little padding for the dealers.

Earl

It is the "the oil change and filter ,air and water." that I was talking about.
Unfortunately some misguided individuals seem to think that the bonnet latch is to be avoided at all costs.

More engines are ruined by overheating than by all other causes put together.

There is no reason why a modern diesel engine should not be good for 300,000 miles given regular oil & filter changes. and fluid level checks.

But do make sure that your brakes do not require attention if you are taking your van into a main dealer for a warranty related issue. They will try all the tricks that they can to find more work to do.

I have a 60 plate van going in to the main dealer for it's 72,000 mile service this week but I have measured the front brake discs and replaced them and the pads at a labour cost of £30.00 before the official service.

 

[roydmoorian]

I ended up buying a new Transit as the deals made it cheaper than a lease, I just bought outright, Now I know its history as I got it with 9 miles on it, I know it will get serviced, I plan on keeping it for 7 years

I have just bought a 58 plate New Style LWB Transit 350 for town centre multidrop duties with 70,000 miles on it for £6,666 + VAT.

It has a FSH with a local motor engineer and I am looking to get at least another 150,000 miles or 5 years out of it, but it will need fuel, oil, water, tyres, filters, brake pads, brake discs and probably a clutch.

People who use a brand new vehicle to within an inch of their useful life without so much as kicking the tyres should be locked up IMHO.

 

[healy on homes]

It is the "the oil change and filter ,air and water." that I was talking about.
Unfortunately some misguided individuals seem to think that the bonnet latch is to be avoided at all costs.

More engines are ruined by overheating than by all other causes put together.

There is no reason why a modern diesel engine should not be good for 300,000 miles given regular oil & filter changes. and fluid level checks.

But do make sure that your brakes do not require attention if you are taking your van into a main dealer for a warranty related issue. They will try all the tricks that they can to find more work to do.

I have a 60 plate van going in to the main dealer for it's 72,000 mile service this week but I have measured the front brake discs and replaced them and the pads at a labour cost of £30.00 before the official service.

I have a full service history on my transit 04 plate with 201800 on the clock, no smoke does not burn oil or leak water and pulls like a train, look after your van and it will look after you.

 

[projectfriday]

I've done work for a car and van hire company in Leeds before and I know that it's certainly beneficial and worthwhile leasing/hiring one (I couldn't not notice the benefits when I'm typing copy!). I'm not a van person though so I'm sure others can comment on the indepth pros and negs.

 

[Concept Vehicle Leasing]

Hey, why don't you speak to us, we do any make or model of commercial vehicle. We can also talk you through all your options and we provide maintenance and extra service so you have a one stop shop

Give us a call on 0800 043 2050 or drop me a message if you have any questions.

 

[Concept Vehicle Leasing]

A good nearly new, low mileage van, properly maintained

That's no problem, do you want to send me a message and drop me your number I can give you a call.

 

[Mpg]

A few guys I know, Get their vehicles on finance and VT half way through avoiding depreciation like the plague.

 

[Concept Vehicle Leasing]

A few guys I know, Get their vehicles on finance and VT half way through avoiding depreciation like the plague.

Though there are early termination costs for that, so you're better off just getting a deal that you want in the first place and then when it's due to be replaced just replace it. Saves you the hassle really.

 

[Mpg]

Though there are early termination costs for that, so you're better off just getting a deal that you want in the first place and then when it's due to be replaced just replace it. Saves you the hassle really.

Non of them has ever mentioned it and one did it last week.

This is on or after they have reached the half way point they just give it back WITHOUT paying anything extra or more payments.

I've not seen a deal for £148 PER MONTH and able to put 140k miles on it without a hefty penalty

 

[Deleted member 59730]

My policy was to use lease purchase until I could buy outright. Bargain like mad over both the cost of the lease and the cost of the van.

 

[Concept Vehicle Leasing]

Non of them has ever mentioned it and one did it last week.

This is on or after they have reached the half way point they just give it back WITHOUT paying anything extra or more payments.

I've not seen a deal for £148 PER MONTH and able to put 140k miles on it without a hefty penalty

My response was based on Personal Contract Hire (PCH) where ET charges apply. In regards to lease purchase,it is not when you reach the half way point of the term but instead once you have paid 50% of the total finance payable.

If you've got any questions or want to lease then give us a call on 0800 043 2050

 

[Tigercrane]

At the moment I own my van, but what with depreciation,mot, and maintenance bills I'm thinking of flogging it and getting a lease van.
But I'm a bit unsure on what to go for contract hire or lease, I basically want to pay a monthly amount which covers all maintenance etc, and after the term just hand it back without having to pay balloon payments or fees for going over mileage.

Does anyone have any experience with this or can anyone offer any advice, I'm after a Nissan prima star like I have now. Ad can anyone recommend a good company to use, cheers

Lease or Contract Purchase is not more cost effective than Contract Hire. The only way you can use Lease Purchase to your advantage is by leasing it for a longer term and then terminating the contract once you have paid 50% of the TFP (Total Finance Payable). This way you spread the cost over a longer term but are able to hand back early, without paying an early termination charge. Concept Vehicle Leasing are correct in what they say.

If it WERE the cheapest way then everyone would be doing it, but they are not. If you are keen to lease a vehicle and then just hand it back then PCH is the way forward for you.

Short Term hire is a definate no go. Most if not all hire companies have a set mileage and age that vehicles have to be defleeted and sold. This would mean that you would be often changing the van, which could be a different make, model at every swap, not to mention condition. This is a nightmare for trades people as its downtime when having to empty your van and put all your stuff into another van.

Also, if you compare one months lease cost of a van to a one months hire cost, you will find that the hire is normally more. I would only suggest short term for exactkly that, short term use.

Other than that a fully maintained Personal Contract Hire would be worth looking into. if you feel you dont know, then why dont you ask a lease provider to give you a quote on both for comparison. You will also find some dealerships will not offer PCH or PCP.

Good luck!