Is It Wise To Buy Utilized Vans?
With finance of all types difficult to come by there are fewer van leasing offers available than there were just a few of years ago.
Go back to the beginning of 2008 and there had been hire purchase deals, van contract employ deals and van leasing deals advertised all over the place. The average van buyer has had to think again, because the hurdles that he has to jump via to get the credit score to buy a utilized van have been set increasingly higher.
Your typical van purchaser - 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 in a new van - the price of going out for a few of meals a month. Now with these van leasing deals tougher to get he is turning to the utilized market.
There's a down side to this - namely the prices of used vans are rising as the demand increases. In a double whammy impact the supply of newish used vans is set to dry up. The bottom fell out of the new van marketplace at the middle of 2008. This means that the quantity of vans registered because this time is 50% of the numbers registered in previous years. As we strategy 2011, the supply of two-year-old vans will probably be terribly low. It's difficult to know what to recommend, as 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 previous you will not be able to drive it in London soon.
My guidance? Do not hold out. Should you can't afford a brand new van or cannot get the necessary credit score for 1 then get yourself a late model utilized sooner rather than later. Ensure it is post 2002, but ideally a 2006/2007 model - prior to everybody catches on.
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