Van

Axon75

I won't have running costs and the van will be rented!
Do they provide insurance with the rented van?
Also, do I have to pay an accountant as self employed?

Double_V

They should provide the tools to do the job.

BigBopper

Axon75 wrote: »

I won't have running costs and the van will be rented!
Do they provide insurance with the rented van?
Also, do I have to pay an accountant as self employed?

Who's paying the rent?

They may not cover you for hire or reward on their insurance.
You don't need an accountant. But if you use one who else will pay?

Herzlos

Axon75 wrote: »

I won't have running costs and the van will be rented!
Do they provide insurance with the rented van?
Also, do I have to pay an accountant as self employed?

15p/mile will not cover your fuel let alone your running costs. Your rent will include tax and maintenance but you're still paying for them. Your rental will probably include insurance, but probably not for hire & reward. If it does you'll need to pay extra for it.

Is your employer paying the rental? Are they giving you any allowance beyond the 15p/mile and your wage?

Have you got figures on the rental yet? Google puts a Transit at being about £180/month + VAT on a 5 year contract and an 8,000 mile/year allowance and £2k deposit. about £250 month on a shorter contract.

If you're doing courier work, you'll be hitting that mileage limit in no time as it's only ~150 miles PER WEEK. Doing courier work you could easily hit that per day or even per run.

So you're looking at say, £60/week just for the van, plus your fuel, plus at least 5p/mile over your limit.

You're going to get absolutely rogered on running costs and your 15p/mile limit will barely make a dent. You could easily see over half of your wages just covering your costs of being at work, until the cut your hours and you could be stuck paying more than you earn.

The only way it MIGHT work, is if you can buy an old van for say, £2000-5000 in cash and use that; it'll already have huge mileage and won't lose much more value.

dacouch

Axon75 wrote: »

they are paying 15p per mile PLUS the salary
the job is courier, delivering parcels

Please bear in mind, courier companies are recruiting at the moment as they become busy for Christmas / Black Friday and The January Sales from 14th November until the end of January.

I would be very surprised if they would need a part time driver working in the evenings when their busy period is over.

Nodding_Donkey

Axon75 wrote: »

Just by what you are saying, it clearly proves you have no idea what you are talking about.

Fuel is compensated by the company.

And what do you really mean by standing costs? that really costs 1/3?

Well as I don't know what I'm talking about I'll bow out.

15p a mile eh, I'm sure you'll be rolling in it.

Herzlos

Assuming diesel is £1.20/litre, for 15p/mile you'd need to average 36mpg. Not hard for a car, but definitely more of a challenge for a van (depending on traffic and load).

http://vans.honestjohn.co.uk/realmpg/ford/transit-custom-2013 claims to average about 31mpg.

That means that realistically, in the best case, you're only losing 2p/mile on fuel alone. Way more if you've got a heavy load or are stuck in traffic.

Also, have you driven a van before? You'll need to factor in something for getting minor dings fixed as the rental company will charge you a fortune for it.

DCFC79

Axon75 wrote: »

Also, how could I find van owners that finish their job around 5pm, and would lend me their vans for after 5pm up to 10pm?

Like that will work

A non starter, why should van owners lend you a van they own ?

Your a stranger to them, why should they trust you ?

forgotmyname

Axon75 wrote: »

I won't have running costs and the van will be rented!
Do they provide insurance with the rented van?
Also, do I have to pay an accountant as self employed?

You wont have running costs? So no fuel then? Your going to be using approx 20p per mile in fuel alone.

Renting the van for £0 per month with all running costs included?

Courier insurance to cover the goods you are carrying?

I used to do over 1000 miles a week on the deliveries.

Someone above mentioned buying an older van that wont lose much money, thats fine but your customers may require you to have a van thats less than 3 years old.

What are the wages like? Can you afford to live supplementing the fuel by approx 5p per mile and £250+ a month rental on the van even if there is little work this week or month?

arcon5

Stevie_Palimo wrote: »

The van will cost you £7500.00 to buy or to lease will be £127.65 per month over 150 months and insurance will £1437.29 per year on a owned van. Ditch the car and turn the van into a love machine with foldable bed in the back and go and seek some new partners.

over 12 years ??