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Rent to own a used van?

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Hi my business needs a van, unfortunately I'm investing money into other parts of the business and also have a wedding coming up so trying to keep a tight lid on outgoings.

I currently use zipvan, a day rate of £84 is typical. Otherwise I use my car for smaller jobs.

It is very steep, I see car leasing ads for £250 a month or so, and is quite surpringly that a monthly lease is about the same as using zipvan for 3 days!

Zipvan is not viable in the long run and I chucking money down the drain.

Is there a HP/rent to own service for a 2006 vw caddy/transit connect?

Comments

  • forgotmyname
    forgotmyname Posts: 32,919 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Rent to own for a 10 year old van? Probably but at 20,000% interest where you pay 10x more than a brand new one.

    If you can get a connect or courier for £250 a month why not simply choose that option? Assuming as you say its cheaper than your current option where it costs that for 3 days use and you need it more than 3 days.
    Censorship Reigns Supreme in Troll City...

  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Daily hire will always be dearer than contract hire.

    If your business needs a van then your business needs a van, whether you buy a secondhand one with a loan or lease a new one (better to offset the tax with) then you need to run the numbers to see which one is commercially viable.

    Good luck on the wedding, which I assume isnt connected to the business overhead and running costs.
  • Paradigm
    Paradigm Posts: 3,656 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Always try to be at least half the person your dog thinks you are!
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Is there a HP/rent to own service for a 2006 vw caddy/transit connect?

    Can't the business just get a loan?
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