May 18, 2017 at 9:00 AM
Buying a van fresh from the manufacturer's factory has its appeal. However, dig a little deeper, and it is clear that buyers may not get everything they are expecting in return for their significant financial outlay.
A used van can be a better choice for a number of reasons.
Initial Capital Outlay
Buying a new vehicle means one of two things: either a large financial outlay to purchase the vehicle outright or a credit agreement for a loan. For some potential buyers, particularly those with new businesses, or whose income peaks and troughs, neither method will suit their finances. The lower cost of a used van makes it easier to absorb, whether it is paid for in full at the time of purchase, or over a longer period.
Most vehicles lose the highest percentages of their value in the first two years of their working lives. Depending on the make, a figure of up to 45% for the first twelve months alone is not uncommon. This will make its future trade-in value much lower than the purchase price. A buyer purchasing a new van must be prepared for this, and happy with their reasoning for doing so. Many people decide that this is a financial hit they either cannot or are unwilling, to absorb. For them, it makes more sense to buy a used version of the same model. Any van that is more than twelve months, or preferably two years' old, will have already experienced the steepest levels of depreciation.
A manufacturer's warranty is one of the greatest attractions of purchasing a new vehicle. However, the warranty may not yet have expired on some nearly-new vans, making them an enticing prospect. Even where the warranty has expired, a reputable dealer will issue buyers with a short-term warranty on their purchase of a used van. This provides cover for any unanticipated issues arising soon after purchase.
A good second-hand dealer, such as Avondale, will have an extensive range of vans. They will also have experienced staff, able to discuss individual requirements with purchasers. The questions they put to buyers will be relevant and targeted. For example, they will want to ensure that purchasers have considered the daily use to which they will put their van. A vehicle that will be used to carry heavy loads long distances, over busy motorways, needs very different specifications from one that is to carry a decorator's gear to local jobs. Choosing the right vehicle should mean that it lasts longer. It will also cost less to run, in terms of fuel, insurance, and repairs. Finally, the independence of second-hand dealers is a bonus for buyers. Lack of affiliation to a manufacturer means they have no reason not to be candid about potential issues, and problems, with certain models.
Old vs New