johnny bravo
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- 2,776
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- teesside
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In the old days a vehicle lease on a van would be a 3/35 for a 36 month deal or 3/47 for a 4 year deal.Any out there that do or have thought of leasing .
What are the pitfalls apart from not owning the van . The price shown . Is this what you pay for your term of leasing.. When they say deposit what does this cover .
@dazmond was told by the salesman that to get around the law he would sell the vehicle to his girl friend and then buy it from her a little later down the line. He would pay the balloon payment to the finance house and the rest would be a paper transaction.@P4dstar will be able to answer your questions as he leased his van had a tank fitted and may now have bought the van from the lease company
How do you like using the hot water system?I leased my van in 2018. At the time I had a 10 year old Vivaro with 110k on the clock. After 2 replacement gearboxes in 6 months I decided I needed something reliable and signed up to a lease. My Citroen Dispatch cost me £290 per month including vat and a service package and upgrading to 12.5k miles per year. At the time I had 50ish customers equating to a regular income of around £500 per month and had just gone full time so this was a risk. The lease was with LeasePlan.
I had the option to purchase the van at the end of the lease, or continue with monthly payments no contract or extend the contract. I never told them of the modifications, I went one further and had a hot water system fitted in May this year once I had decided to buy the van.
At the time the retail value of the van was 26k. I paid a £1000 deposit and then a further £14000 in lease fees. I then bought the van for £16500. To be honest it wasn't a bad deal in the grand scheme of things. Not sure what they would have made of the modifications had I returned the van at the end. They covered all servicing and repairs in the price and the RFL was paid for me each year.
If I was starting over with this I would purchase a van, on finance if it was unaffordable off the bat, and make all the modifications I feel like. This is something I may end up doing in the new year for van number 3.
There was a nice racket going about with mobility cars. They took then to a well known garage for servicing and tyres. They were changing the tyres and they still had the hair on the side and then flogged the old tyres as runners. It was great till they got caught and many folk lost their jobs.Our customer had a Volvo XC90 on order for the past 1 year, signed and locked in. Last month, Volvo cancelled his order along with another 750 other orders throughout the UK. If you want to reorder, no problem. The cost of the car is £8000 more. So he ordered a Polestar. Now he is questioning the decision to go all electric. The moral of the story is that just because you sign up for a van today at today's price, it doesn't mean that you will get that price in a few month's time. You will end up chasing your tail, so we are better off buying or leasing a van which is available in stock when you need it.
The decision to go electric was made before all the drama over the energy costs. The leasing company has provided him with a Mercedes 250e until March next year when his new vehicle is supposed to arrive.
With the Merc he says his battery mileage is 40 miles before the engine kicks in. It costs him £3.50 to fully recharge it today. This car also has regenerative braking. However, with current electricity costs, the amount he can claim against tax for business use is 4p a mile less than it is costing him. He is in credit with the petrol side of the claim, though, by a couple of pence per mile. If he charges his car at a motorway charge point, it will cost him twice the price it does to charge at home currently.
With the new energy prices, the cost of charging an electric vehicle isn't going to be much less than filling the diesel tank of a diesel car. He says we haven't even considered depreciation on an ev or resale value after 4 years.
He confirmed what we said earlier. His company has 250 cars throughout the UK on lease. He is in charge of them along with his other responsibilities, sales related. He does very little vehicle management as the lease does everything; maintenance, tyres; road fund licence, the lot. But he says it costs them money; it isn't cheap. Even with the additional costs, leasing makes sense as they don't need a dedicated fleet manager; the leasing company orders the car and disposes of it at the end of 4 years.
It’s also interesting to note that at the moment charging cars per kw is the same as the electric charge for your house , but the government have already said that electric for charging cars will be charged at a higher rate in the future and you will have no choise but to have a special charging point put in which will have its own electric meter . They will probably wait until more have electric cars before implementing it so as not to put too many off going down the electric routeOur customer had a Volvo XC90 on order for the past 1 year, signed and locked in. Last month, Volvo cancelled his order along with another 750 other orders throughout the UK. If you want to reorder, no problem. The cost of the car is £8000 more. So he ordered a Polestar. Now he is questioning the decision to go all electric. The moral of the story is that just because you sign up for a van today at today's price, it doesn't mean that you will get that price in a few month's time. You will end up chasing your tail, so we are better off buying or leasing a van which is available in stock when you need it.
The decision to go electric was made before all the drama over the energy costs. The leasing company has provided him with a Mercedes 250e until March next year when his new vehicle is supposed to arrive.
With the Merc he says his battery mileage is 40 miles before the engine kicks in. It costs him £3.50 to fully recharge it today. This car also has regenerative braking. However, with current electricity costs, the amount he can claim against tax for business use is 4p a mile less than it is costing him. He is in credit with the petrol side of the claim, though, by a couple of pence per mile. If he charges his car at a motorway charge point, it will cost him twice the price it does to charge at home currently.
With the new energy prices, the cost of charging an electric vehicle isn't going to be much less than filling the diesel tank of a diesel car. He says we haven't even considered depreciation on an ev or resale value after 4 years.
He confirmed what we said earlier. His company has 250 cars throughout the UK on lease. He is in charge of them along with his other responsibilities, sales related. He does very little vehicle management as the lease does everything; maintenance, tyres; road fund licence, the lot. But he says it costs them money; it isn't cheap. Even with the additional costs, leasing makes sense as they don't need a dedicated fleet manager; the leasing company orders the car and disposes of it at the end of 4 years.