Van deal

[dfen5]

Looking at a pre-reg van through Ford on HP.
Van is 15,500 + Vat.
Vat + small deposit £5,000
Repayments over 4 yrs £362.40 or 3 years £458.47
Don't want lease as the mileage may be high.

Not sure wether to go with this or a Merc Vito on their offer of 0% HP but it's dearer at 18500 even with their deposit contribution, but the 0% put it nearly the same as the Ford after all.

The Ford deal reasonable or steep?

[BishBosh]

If over the longer term the Vito deal probably better in my opinion due to much higher residuals.

[Simpo Two]

£2K cash and off to the auction with you

[rfoster]

If I were you I'd be pushing for a better deal on the finance of the Ford - those figures are working back to about 7% flat / 13% APR roughly. (that's assuming £15,500 + VAT = total £18,600, less £5,000 - total to borrow £13,600)

While Mercedes are offering a better interest rate, it's usually in the absence of any meaningful discount on the vehicle (as they have to subsidise the 0% rate).

[HTP99]

Have a look at the Trafic; 0% HP over 48m with a 20% deposit, 4 years warranty, RAC and servicing?

I did a Trafic Sport 120 SWB the other day; £4086.64 deposit, £340.55 per month over 48m.

[dfen5]

HTP99 said:

Have a look at the Trafic; 0% HP over 48m with a 20% deposit, 4 years warranty, RAC and servicing?

I did a Trafic Sport 120 SWB the other day; £4086.64 deposit, £340.55 per month over 48m.

Rented one of these for a few days. Not a bad van and pull well. Problem is the £20k new price compared to the £13.5k pre-reg price.

[dfen5]

rfoster said:

If I were you I'd be pushing for a better deal on the finance of the Ford - those figures are working back to about 7% flat / 13% APR roughly. (that's assuming £15,500 + VAT = total £18,600, less £5,000 - total to borrow £13,600)

While Mercedes are offering a better interest rate, it's usually in the absence of any meaningful discount on the vehicle (as they have to subsidise the 0% rate).

What would be realistic target rate for HP these days on a pre-reg commercial?

[D_G]

I bought a year old ex demo Vito, 10k miles, approved van, A/C,comand system, cab heater, made more sense than new as you are putting the miles on anyway, 8k off list.

[HTP99]

dfen5 said:

HTP99 said:

Have a look at the Trafic; 0% HP over 48m with a 20% deposit, 4 years warranty, RAC and servicing?

I did a Trafic Sport 120 SWB the other day; £4086.64 deposit, £340.55 per month over 48m.

Rented one of these for a few days. Not a bad van and pull well. Problem is the £20k new price compared to the £13.5k pre-reg price.

The figures given above is £20432 Inc vat (includes ply), for a Sport 120, you won't get a Sport 120 for £13500 Inc VAT anywhere, we are selling pre reg Sports for £15500 +VAT (£18600 Inc vat).

You'll find a pre-reg Business 90 or 115 for around £11k + VAT.

The 0% HP offer also includes 4 years/90,000 mile servicing.

Edited by HTP99 on Tuesday 14th June 07:47

[rfoster]

dfen5 said:

What would be realistic target rate for HP these days on a pre-reg commercial?

I'll drop you a PM with some ideas as finance is my line of business.

[dfen5]

rfoster said:

dfen5 said:

What would be realistic target rate for HP these days on a pre-reg commercial?

I'll drop you a PM with some ideas as finance is my line of business.

Yep, thank you. Did have a quick look at your site from your profile. Going to have a look at the Merc and then see which way I jump.