Company Van buy out right/contract hire etc ?

Company Van buy out right/contract hire etc ?

Author
Discussion

lexi 1

Original Poster:

87 posts

151 months

Saturday 21st May 2016
quotequote all
I am about to buy a brand new van for the business and cannot decide if to buy it out right (I have the funds) or lease it as I want to own it at the end or even to spread the money out in the bank use a credit card 0 per cent deal and pay it off over a year with no interest ?

dfen5

2,397 posts

211 months

Sunday 22nd May 2016
quotequote all
I think Merc' have their vans on 0% HP + dealer deposit contribution.

http://www.mercedes-benz.co.uk/content/unitedkingd...


I say think they have as they can't be arsed to reply to calls or emails, despite numerous attempts by me to buy a 22k van.

lexi 1

Original Poster:

87 posts

151 months

Sunday 22nd May 2016
quotequote all
dfen5 said:
I think Merc' have their vans on 0% HP + dealer deposit contribution.

http://www.mercedes-benz.co.uk/content/unitedkingd...


I say think they have as they can't be arsed to reply to calls or emails, despite numerous attempts by me to buy a 22k van.
lol they sound no different to Vauxhall dealers its amazing how any of them sell anything !

Have you tried www.loadsavans.co.uk



Tomo1971

1,127 posts

156 months

Monday 23rd May 2016
quotequote all
Slightly off topic, but depending on size of the van your buying and the subsequent fuel consumption, it maybe worth buying personally and then paying yourself mileage.

When I was self employed I worked out that on approx 50k a year miles I would be able to pay myself £14,500 year tax free as mileage. The actual cost of fuel was c£6,500. So other than servicing, tax and insurance (about £1200 year), the rest was mine tax free from the business. Made sense to me as I was on the FRS and couldn't claim VAT back on the fuel.


Andrew[MG]

3,322 posts

197 months

Monday 23rd May 2016
quotequote all
IME it depends what you are going to do with the van. If you'll be running high mileage and it will get treated badly then buy a year old one and run it into the ground. If you are doing less then 20k a year and it will get looked after then lease it and keep the cash in the bank to invest in other business assets.

Happy to get you a price for buying or leasing as I have plenty of van suppliers smile