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
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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.../
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