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Is It Wise To purchase Used Vans?

By Dan Eduard White


With finance of all kinds hard to come by there are fewer van leasing deals obtainable than there were just a couple of many years ago.

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

Your typical van buyer - a tradesman - let's say, a builder or plumber utilized to be able to get a deal for about a couple of hundred pounds a month to drive around inside a new van - the cost of going out for a few of meals a month. Now with these van leasing deals harder to get he is turning to the utilized market.

There's a down side to this - namely the costs of utilized vans are rising as the demand increases. In a double whammy effect the supply of newish utilized vans is set to dry up. The bottom fell out with the new van market at the middle of 2008. This means that the quantity of vans registered because this time is 50% with the numbers registered in previous years. As we approach 2011, the provide of two-year-old vans will be terribly low. It's hard to know what to suggest, because the London van users alo need to think about the imminent Low Emmissions Zone legislation that presently only applies to trucks. Should you purchase a van that's too old you won't be able to drive it in London soon.

My guidance? Don't hold out. Should you can't afford a new van or cannot get the necessary credit for 1 then get your self a late model used sooner rather than later. Make sure it's post 2002, but ideally a 2006/2007 model - prior to everybody catches on.




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