Van Leasing

[chud786]

Hi all,
This is my first post
I am looking at leasing a Transit Limited and have had a good quote from a company called MW Vehicle Contracts,has anyone got experience of this company or could you recommend any other companies.
Thanks in advance.
Steve

[ake]

Be careful with leasing, if you lose your work you will be stuck with a van you don't need, and can't afford to pay for, but have to till the end of the lease contract period

[chud786]

Cheers Ake
Yes I agree,and have thought a lot about it,but you can spend your life worrying about the future or just get on with it.
If only we could see a year down the line!
Steve

[RichH]

Hiya Steve, I'm looking into the same kind of thing at the moment.

Looking for a mwb semi high trend or limited.

Spoken to vanarama and got a bit cheaper price from "all vehicle contracts" too.

For me coming out at 230 per month for limited and 220 per month for trend.

Thats mwb semi high 125ps both of em. Over 60 months.

[bigjohnthomas]

you could buy a different mk5 for that much every month and have still have enough left over for a packet of tabs

[RichH]

True BJT.

My mk5 is a sweet old bus, never lets me down and isn't too bad on the juice if you drive very steady.

But dare I say it, it's starting to look a bit embarrassing in company when everyone is in new stuff, I rock up and look like one of the Dingles

[bigjohnthomas]

what about mk6 for a grand and a bit? fook paying some c*** 200+ pounds a month for 60 months
you could spend that on beer fags drugs and prozzis

[chud786]

Hiya Steve, I'm looking into the same kind of thing at the moment.

Looking for a mwb semi high trend or limited.

Spoken to vanarama and got a bit cheaper price from "all vehicle contracts" too.

For me coming out at 230 per month for limited and 220 per month for trend.

Thats mwb semi high 125ps both of em. Over 60 months.

Hi Rich
I am looking at swb limited 125ps
£188x60 from MWVC
Got a quote from Vanarama £258,emailed them to see if they could beat MWVC(as per boasts on there website) and never heard anything.
I'll check All Vehicle Contracts
Cheers Steve

[bigjohnthomas]

So the van would cost new about 14k? You pay them 200 a month for 5 long years (12000 pounds) give it them back they sell it ay auction for a couple of gwand ? Where dose their slice of your ass come from? Is there a deposit too?

[ake]

:? So the van would cost new about 14k? You pay them 200 a month for 5 long years (12000 pounds) give it them back they sell it ay auction for a couple of gwand ? Where dose their slice of your ass come from? Is there a deposit too?

Usually at least 3 months in advance

[RichH]

It's not just like contract hire, where your money is totally dead. You build up equity in the vehicle as you pay it off.

Bit more on it here-

http://www.vanarama.co.uk/finance-info/ ... -faqs.html

[bigjohnthomas]

I don't really understand it not well up on the world of finance I like to save up 2pound coins till I can buy something cash
What's a baloon payment then is that where they get your ass ? $$$

[Beegly]

Have you thought about a bank loan instead, you may get a better interest rate and more discount off a van if you came offering full payment.
Also you would be free to sell it if things go tits up.

[RichH]

Good point Beegly. But they do rate leasing as a very efficient way for a sole trader such as myself. All the payments are 100% offset against your tax bill.

And as it's never yours during the lease, you don't get taxed like you would if you owned it.