Vans

rocketmanbkk
Knight of the brew cabin

Posts: 7,006

Vans Oct 1, 2017 12:50:39 GMT via Tapatalk

Quote

Post by rocketmanbkk on Oct 1, 2017 12:50:39 GMT

So, my car is giving problems. My van only has 2 seats.

I'm considering a transit custom size van as I need 3 seats.

Although I'll have to finance it I'll only be paying one tax, insurance, fuel etc.

I've been reading about finance lease v contract hire etc.

It's still not clear to me what the best option is. I've spoken to 2 companies & one said finance lease the other contract hire!!

Great!

All I want is to pay monthly for 3/4 years. Finance lease has a balloon payment at the end whereas contract hire id give the van back.

No one seems to be able to tell me whether the finance lease option would be able to be shown as an expense each month on my accounts. I'd prefer the option of owning the van at the end of things are stable.

Anyone have experience of finance please?

Thx all

Rct

Plumberboy Guest	Vans Oct 1, 2017 13:15:04 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by Plumberboy on Oct 1, 2017 13:15:04 GMT contract hire is generally what big companies seem to favour rocky, my brother has a medium size business and his vans and machinery are always done through lease with a payment at the finish ,he is VAT registered and has to pay the VAT upfront at the beginning.

rocketmanbkk Knight of the brew cabin Posts: 7,006	Vans Oct 1, 2017 13:20:42 GMT via Tapatalk Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by rocketmanbkk on Oct 1, 2017 13:20:42 GMT Cheers PB Finance lease allows you a balloon payment at the end. I'll do more looking. The next person I speak to I'll ask straight, can't be messing about with salesmen

tomplum
Administrator

Posts: 14,781

Vans Oct 1, 2017 13:26:32 GMT

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Post by tomplum on Oct 1, 2017 13:26:32 GMT

I think leasing companies are sneaky basterds,they do it as a business to make them money, they tell you the average price over the term, then you find there are hidden costs that were not made clear to you, I leased once early on in my career, Sinse then i've bought good quality vans with low mileage and run them till they died, It always worked for me because i've been lucky with all the vans I've had, If you pay a load and get a pup, its not so good, buying is a gamble and for me its always paid off,
Each trader will have a different view depending on company profit and tax expenditure, remember any interest you pay on van loans is allowed as a tax expence,

Last Edit: Oct 1, 2017 13:27:56 GMT by tomplum

Post by rocketmanbkk on Oct 1, 2017 12:50:39 GMT

Post by Plumberboy on Oct 1, 2017 13:15:04 GMT

Post by rocketmanbkk on Oct 1, 2017 13:20:42 GMT

Post by tomplum on Oct 1, 2017 13:26:32 GMT