Buying a van for business

Not sure about the vans but to answer your finance/tax questions...

If you lease a van 100% VAT can be reclaimed as long as the van is being used 100% for business. Any less (even 99% business, 1% private) means you can only claim 50% VAT.

If you buy a van on finance only the interest is a tax allowable expense, the rest of the repayment is a capital payment against the cost of the van.

As for whether it's best for you to buy outright or buy one on finance will depend on your other circumstances. You or your accountant would need to look at both and work out which is best for you.
 
[TW]Fox;10436686 said:
I thought you had a tanning shop?

Or where a performance car sales business owner?

Or something.

;)

I look forward to your unbiased recommendations in the style of the stuff you used to post when you were a junior Punto salesman shortly ;)
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None of your business, but I do own a tanning shop, I'm starting to sell a few performance cars,.

But 9-6 5 days a week I sell vans for a main dealer,.

But to OP post, are you planning to do a big mileage? and is ownership important?

With vans you can, Purchase in forms of Lease Purchase and Hire Purchase, or you can Lease in forms of Finance Lease and Contract Hire.

There are certain tax implications with all as above posters have correctly highlighted, however if you rent it must be a long term rent for tax to be reclaimable.

Let me know what you plan to do and I will give you some options to consider,.

I'm not trying to sell you a van, maybe help you out a bit.
 
Maz said:
None of your business, but I do own a tanning shop, I'm starting to sell a few performance cars
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I've seen this 'none of your business' bandied about a lot when people ask you.

You need to make a decision - either your dealings are none of our business, in which case stop making posts about what to call your tanning shop, and what great new car you've got in stock this week, and what you sell every day, or it is our business, in which case please do continue to share it with us.

You can't have it both ways. Either you want it talked about on here, or you don't.
 
What size of Van? By the mention of transporter you looking for a 'medium' van?

HAve you considered the 'car' vans like the Transit connect etc? Not to bad to drive, and you can fit a lot more than you'd think in one, unless of course you also need the windows and rear seatage. Do they make a connect with rear windows?
 
For what you do do you really need a van, how about some thing like a Mitsubishi L200 pick-up with double cab and a canopy on the back, its still classed as a commercial vehicle so tax benefits would be the same but its nicer to drive and also has the extra seats so can be used as an every day car.
OK it hasn't got as much room as a transit but its got a lot more room than an estate, if it was the choice between a Van or a Pick up id have the pick up ...if its got enough room for you.
 
May as well buy a van... won't it be a pain in the arse to keep undoing a tonneau every time you want to get something out of the pickup?

If you mean a proper cab, I still can't see the point as a van will carry more and cost less I would have thought?
 
We've got a Ford Ranger at work and the space in the back isn't that great really, about the same as a combo/connect van, plus it's pretty woeful to drive (probably just a ranger characteristic!)

I'd recommend a Transit, reliable, lots of space in the back, quite fun to drive (imo), doesn't like hills however but I don't think many vans (especially when fully laden) do!
 
Thanks for the great response. I am not a fan of small vans. Drove a Combo for a few weeks and the size was always fustrating.

The IT side of my business can easily be run from a car. The AV stuff cannot though. The ladders look a bit ghetto on the roof too, a van gives a better impression of my business (i feel).

I may have to start delivering tv's too and cannot fit anything bigger than a 37" plasma in the mondeo upright in the box.

Owning the van is not important to me. The idea of the van being a fixed cost (maintained by another company) and to be able to swap it for a new one every couple of years is quite appealing.

I think a pickup is a daft idea. It has lower load space than the Mondeo!

EDIT- Is £80+VAT per week really that great a deal? Over £4k per year to rent a van? That seems a daft way to me?
 
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Tesla said:
Thanks for the great response. I am not a fan of small vans. Drove a Combo for a few weeks and the size was always fustrating.

The IT side of my business can easily be run from a car. The AV stuff cannot though. The ladders look a bit ghetto on the roof too, a van gives a better impression of my business (i feel).

I may have to start delivering tv's too and cannot fit anything bigger than a 37" plasma in the mondeo upright in the box.

Owning the van is not important to me. The idea of the van being a fixed cost (maintained by another company) and to be able to swap it for a new one every couple of years is quite appealing.

I think a pickup is a daft idea. It has lower load space than the Mondeo!

EDIT- Is £80+VAT per week really that great a deal? Over £4k per year to rent a van? That seems a daft way to me?
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Seems very expensive, what kinda van is it?
 
Any further input on this?

I am thinking of booking a few test drives of vans and also find out various finance options and compare them to paying cash.
 
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