Should I lease or buy my next van?
I have contract leased through my company a Ford Transit Connect Double Cab - (I have two kids and quite often need to put them in as well as deliveries). I now need a larger van and am looking at the Transit Custom Double Cab as an option.
I'm coming to the end of the four-year lease and have spent £12,556 ex-VAT (I am VAT registered) and obviously will be handing it back with no van.
Looking at their current value (17-plate) I think I may have been better financing an older model than losing £12k on the lease. But it becomes a minefield with older vehicles and ownership, plus finance would be needed.
My question is, should I buy or lease my next van?
I'm coming to the end of the four-year lease and have spent £12,556 ex-VAT (I am VAT registered) and obviously will be handing it back with no van.
Looking at their current value (17-plate) I think I may have been better financing an older model than losing £12k on the lease. But it becomes a minefield with older vehicles and ownership, plus finance would be needed.
My question is, should I buy or lease my next van?
Asked on 22 December 2020 by M Rafter
Answered by
Dan Powell
It is very difficult to provide an answer without knowing your company's financial position. However, we do cover the pros and cons of both ownership routes here: vans.honestjohn.co.uk/cheap-van-finance-and-advice...g
The Ford Transit Custom Double Cab is a great van. Easy to drive, practical and good on fuel, it's one of my favourite mid-size vans. If you do decide to buy a used model we have quite a lot of advice (including a used buying guide) in our review: vans.honestjohn.co.uk/van-reviews/ford/transit-cus.../
The Ford Transit Custom Double Cab is a great van. Easy to drive, practical and good on fuel, it's one of my favourite mid-size vans. If you do decide to buy a used model we have quite a lot of advice (including a used buying guide) in our review: vans.honestjohn.co.uk/van-reviews/ford/transit-cus.../
From economical vans to those that have the largest payloads, we have a shortlist for everyone - click to find out which will suit your needs.
Undecided on which van to buy? Our Top 10 shortlists can help...Similar questions
I work with a charity sports group. We are looking to buy a nine (or larger) seater minibus. Our budget is £12,000. Will be doing 300-mile round trips a few times per month. What do you suggest?
I have a short wheelbase Volkswagen T5 campervan, but need something slightly larger with a high roof. I fancy a long wheelbase Ford Transit Custom. Transit did have a reputation for rust, so I would value...
Related models
Impressively refined and upmarket, strong 2.2 and 2.0 diesel engines, short and long wheelbase versions available, five star Euro NCAP rating.
