Leasing Vs Buying. What should i do?

MFS Electrical · Dec 28, 2018

Looking at a ford transit L2 thinking of buying on HP or going for a PCP or leasing what do you think is the best option?

[ElectriciansForums.net] Leasing Vs Buying. What should i do?

MFS Electrical · Dec 28, 2018

Not too bothered about it being brand new either. Would be nice but not the end of the world.

Bob Geldoff1234 · Dec 28, 2018

I would look into whether Ford have fixed the locks on the Transit.I have heard a few tradesmen say that they had their Transits broken into very easily. Thieves can open the doors,steel your stuff and re-lock them.For this reason alone I wouldn't want a Ford Transit unless you added extra locks on.

telectrix · Dec 28, 2018

buy a 2nd hand Hiace. ( 10 year old for around £3k).it won't break down, and you can use the thousands you've saved to fit extra security and rack it out, still have enough change for a ~~month's~~ year's beer.

Midwest · Dec 28, 2018

telectrix said:
buy a 2nd hand Hiace. ( 10 year old for around £3k).it won't break down, and you can use the thousands you've saved to fit extra security and rack it out, still have enough change for a ~~month's~~ year's beer.

You’d also be safe in the knowledge, that the thieving toe rags would never suspect that a profession trades person would wish to be seen dead in a Hiace, so the vehicle is unlikely to be carrying anthing of value, except the scrap value, which is minimal anyway.

telectrix · Dec 28, 2018

telectrix · Dec 28, 2018

my hiace speaks for itself. 2004, 200,000 miles. in 3 years it's had 2 oil changes, 2 tyres, and a set of brake pads. that's it. oh, and i had to top up the screenwash the other week.

GMES · Dec 28, 2018

I've always bought mine as they are then an asset.
I presume with leasing they still hit you with charges on mileage over the agreed limit and any damage.
Most new vans come with 3-4 years warranty.
Keep it 3 years then chop in for new again and you've got no worries with anything going wrong . Jmo

telectrix · Dec 28, 2018

GMES said:
I've always bought mine as they are then an asset.
I presume with leasing they still hit you with charges on mileage over the agreed limit and any damage.
Most new vans come with 3-4 years warranty.
Keep it 3 years then chop in for new again and you've got no worries with anything going wrong . Jmo

thought you still used horse drawn carts up there.

Gavin John Hyde · Dec 28, 2018

as mentioned for £20 on t'internet you can buy a lock pick and within a minute or so be in without any sign of damage to the van. If you get a ford make sure you get additional locks put on.

littlespark · Dec 28, 2018

Every recent van break in round here has always been a ford transit.
Except one brand new kuga.... stolen from the dealership showroom.
Even the ford showroom locks were easy to open.

“No tools left in this van overnight.... just two hungry Rottweilers”

telectrix · Dec 28, 2018

who'snicked my horse and cart. I parked it outside the Pub.

Midwest · Dec 28, 2018

On a serious note

, whilst Transits have bad media about break-ins & thefts, they have one of the most units sold etc. No van, simply relying on manufactures security measures would/can prevent thefts of or from.

So if you have a van stocked full of tools, live in a prolific crime rate area and wish to continue trading, you need to take additional measure, not just if you own a Ford Transit.

Midwest · Dec 28, 2018

PPS are the mods on their Xmas doo?

Leesparkykent · Dec 28, 2018

Midwest said:
PPS are the mods on their Xmas doo?

No?

Nigel · Dec 28, 2018

I am going to buy three Nissan van's over the next few months. Five years warranty.

westward10 · Dec 28, 2018

Leesparkykent said:
No?

Thought there was someone missing.

GMES · Dec 28, 2018

Not been much to Mod apart from the usual dislike/ disagree ratings wars.

telectrix · Dec 28, 2018

essex said:
I am going to buy three Nissan van's over the next few months. Five years warranty.

make sure they are nissans made by nissan, not renault.

Doomed · Dec 28, 2018

We have leased 2 vans over the years - never again!
Hit us for so many extras when we gave them back it cost us thousands.
We liked the idea that we had no responsibility except fuel and insurance, set cost etc..
When we gave them back they hunted out every microdent (looked at a sheet of parallel lines reflected in the bodywork ffs) and charged us a fortune to repair them - we got our own quote for a third of the cost, but not allowed apparently.
So now we take out a loan, buy over 3 years, and it works out only about £50 more a month then the leasing, and then its ours!

Yozza19 · Dec 28, 2018

I currently have a 66 plate transit mwb medium roof after having a brand new sprinter stole last year

Pros
Drives like a car
Quite good on fuel for size
Drives better with a load

Cons
Spare wheels always get stolen(mines now inside after original was stolen)
Was broken into in Manchester and emptied few months back
(Now have deadlocks fitted and steel Barr in doors and expanding foamed and the dodgy drivers door lock changed )

Mine is the last before adblue is needed and they drink it apparently

Get an obd port lock aswell
I also now have a diskloc

Taylortwocities · Dec 29, 2018

MFS Electrical said:
thinking of buying on HP or going for a PCP or leasing what do you think is the best option?

For questions like this, I ask my accountant. He saves me more money than he costs me.

MFS Electrical · Dec 29, 2018

Bob Geldoff1234 said:
I would look into whether Ford have fixed the locks on the Transit.I have heard a few tradesmen say that they had their Transits broken into very easily. Thieves can open the doors,steel your stuff and re-lock them.For this reason alone I wouldn't want a Ford Transit unless you added extra locks on.

Don’t worry it’s getting an upgrade separate alarm aftermarket door lock and additional locks on the side and rear doors. I’ve got a sneaking suspicion Fort Knox would be an easier target than any of my vans

also have little surprises built in for anyone who thinks they can code a new key for my vans

MFS Electrical · Dec 29, 2018

Yozza19 said:
I currently have a 66 plate transit mwb medium roof after having a brand new sprinter stole last year

Pros
Drives like a car
Quite good on fuel for size
Drives better with a load

Cons
Spare wheels always get stolen(mines now inside after original was stolen)
Was broken into in Manchester and emptied few months back
(Now have deadlocks fitted and steel Barr in doors and expanding foamed and the dodgy drivers door lock changed )

Mine is the last before adblue is needed and they drink it apparently

Get an obd port lock aswell
I also now have a diskloc

Expanding foam in the doors nice idea

telectrix · Dec 29, 2018

MFS Electrical said:
Expanding foam in the doors nice idea

please explain why.

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Nigel

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