An introduction to purchasing a new van |
Date Added: September 29, 2009 10:10:33 AM |
Author: Alex McKoy |
Category: Business & Economy: Finance and Investment |
Most people looking to purchase a van do so for business purposes. Vans are perfect for smaller businesses that need to transport goods quickly and cost-effectively. Others might be looking to purchase a van for personal or family use. Either way, buying a van requires a different approach to that used when buying a new car. First you need to decide whether a van is necessary for your requirements. Not only are they more expensive to buy than cars, they are also more expensive to run as they use far more petrol. Always consider larger car options first, as these will be more cost-effective. The type of van that you choose is important too. You want to choose a model that suits your business or family requirements. Whether it is a simple pick-up, a large 4x4 or a mini van you need to be sure it is capable of meeting your needs, while not being so big that it proves economically inefficient. Something else to consider is fuel economy. Different vans come with different sized engines. The most common is the V6, but there are smaller engine sizes available that have four-cylinder capacity if you are looking to keep fuel costs down. And if you are purchasing a van for family use, you may want to look for vans that include accessories to make your travel more comfortable. Most vans come with air conditioning, but you may want more, such as an in-van stereo or DVD player. The safety of you family is paramount, so be sure to research the crash test ratings of any vans you consider too. If you do decide to go ahead with a van purchase, then your chosen method of finance is something you will need to consider. Vans are expensive to buy outright, so there are many other finance options on the market. If you are looking for a new van, then leasing a vehicle may be a good option for you. This way you will pay smaller monthly repayments compared to a van loan. However, this does mean that you do not own the vehicle, and will have to return it at the end o your lease agreement, or choose to renew that lease agreement. Your second option is to choose a personal contract purchase agreement. This is the option you will have to go for if you wish to purchase a van completely, and not have to return it at the end of your lease period. The van will still be paid for on a monthly basis but you will own the vehicle when your contract terminates. If you are looking to save money on your van insurance, get a quote and find the cheapest car insurance with autodirect.co.uk |