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About V4Vans |
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The
Vantastic4Vans business is focused on the sale, financing and
supply of light commercial vehicles to small and medium
businesses.
 The
UK market for light commercial vehicles is huge and for larger
businesses, able to negotiate big discounts in return for high
volume purchases, this market is well enough served by the big
dealerships. However for smaller businesses, wishing to buy only
one or two vans at a time, the story is quite different! Big
dealers lack the financial incentive to look after this section
of the market properly and rarely offer good deals.
There is also the question of choice. Large companies have
purchasing managers to "shop around" dealerships for the most
suitable vehicles, small companies simply do not have time to do
this. As a result, the small businessman often ends buying
either the wrong van or - if he is lucky - the right van at the
wrong price!
Vantastic4Vans is unique in providing a "one-stop-shop" for van
purchasing. It offers a personalised service and a choice of
vehicles from almost any manufacturer - all at competitive
prices or on attractive finance packages. |
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Van Finance |
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FORD
TRANSIT VAN |
It is important to note there is no single "Best way" or
"Cheapest way" to fund your Commercial vehicle. It used
to be the case that whichever method you opt for, over
the life time of the vehicle with you (say 2,3 or 4 yrs)
the Tax allowances received or write allowances claimed,
the benefit used to come out roughly the same on all
methods.
However, due to changes in writing down allowances
announced in the Budget of 2007, in which the allowances
have been reduced to 20% in years 2, 3 and 4 thus
disadvantaging Purchase over other forms of funding.
So it comes down to suitability, which method suits your
business the best. There is no right or wrong way, which
suits you may not suit your business next door
neighbour.
In an attempt to keep things simple we will cover the
main types of funding, that is Contact Hire (With or
without maintenance) Hire purchase and Finance Lease.
(There are subtle hybrids of each method, this is
designed to be a general over view of your options.)
Contract Hire
This method suits the high mileage user who may not have
the time to arrange his/her own servicing etc. Generally
speaking it suits the larger company's with many people
on the road in company owned vehicles and by opting for
a maintained Contract removes the requirement for a
Fleet manager to over see the vehicles.
It does come with one or two BEAR traps, however. All
Finance arrangements HAVE to be able to be settled early
if required. Contract Hire is the most rigid and
financially punitive to get out of early because of the
way the settlement figure is calculated. Broadly
speaking, if one is say 18 months into a 36 month
Contract and is paying £300 per month for the Contract,
for reasons of change or growth etc one needs to get out
of the Contract, the settlement figure is calculated
thus: there is 18 months left @ £300 per month, giving a
total of £5400.00, the settlement figure is normally
circa 85% - 87% of that figure, in this case therefore
£4590 to £4698,once paid of course the Contract Hire
Company would simply take the vehicle away and the
Contract is discharged. (In addition, charges for
reconditioning work they may feel is required would be
applied).
Hire Purchase
Most people know and understand Hire Purchase. With
Commercial vehicles it is Normal (although not
essential) that the VAT element of the costs are paid in
advance plus any deposit one may wish to add to that
figure.
The balance is then funded over the period of the loan,
always remembering of course the vehicle is not owned by
the customer until the final payment has been made. It
is interesting to note that because most people would be
looking to change the vehicle as it draws near its final
payment, they never actually own it at all!
Finance Lease
A VAT efficient and low initial outlay method of
acquiring your vehicle. A relatively small initial
outlay is paid and the vat is charged on the monthly
costs, then reclaimed 100% at the end of each VAT
quarter. A residual Value (sometimes called a balloon)
is set at the end of the agreement which has the effect
of reducing the monthly payments. It is imperative to
set the residual value at a Conservative level to ensure
equity is gained at the end of the agreement. i.e. if
the residual is set at say £3000.00 (for example) and
the vehicle realises £4,000 on disposal, the £1,000
equity is yours to use as a deposit for the replacement
(if you wish) or to keep.
However if the residual had been set at say £5,000 in
order to achieve lower monthly payments and the vehicle
realises £4,000 you would have a £1,000 negative equity
which would have to be dealt with BEFORE finding the
deposit for the replacement vehicle. Sometimes
advertisements are taken out whereby you can Lease a
certain type of vehicle for only £XXXX pounds per month,
which seems an incredible deal, but often the devil is
in the detail, the sting in the tail!! It is always best
to set residual value at as lower level as possible in
order to protect your future rather than mortgage it!
This is meant to be only a very simple, broad over view,
for further detail please feel free to contact me on 0776 652
0985. We would always recommend you
talk through your proposed acquisition with your
Accountant, he knows your company better than we do and
should be able to advise. |
CHILLER
VANS |
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Ford might
be as British as pancakes for breakfast and the right to
bear arms but the British people still feel a certain
kinship with the blue ovals products |
We are
pleased to be able to offer a bespoke service to the
food & associated trades industry. Offering not only the
van of your choice but the Freezer / Chiller Conversion
of your choice |
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FORD
CONNECT VAN |
CITROEN
BERLINGO |
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Designed
And Built Specifically For Business Usage, Fords Transit
Connect Models Compete Across Two Market Segments |
The Citroen
Berlingo is the best selling van in its class and the
second best selling Light Commercial Vehicle on the
English market |
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FORD FIESTA
VAN |
NISSAN
PRIMASTER |
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UK
businesses continue to display a strong penchant for
their Ford commercial vehicles and the Fiesta van is
another solid addition to the Blue Oval range. |
Distinctive
and fresh in appearance, Primastar drives as well as it
looks |
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PEUGEOT
BOXER VAN |
NISSAN
INTERSTAR |
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The
heavyweight of the Peugeot light commercial range, the
Boxer panel van, is a tasty proposition in its latest
guise |
Nissan's
big panel van comes courtesy of its alliance with
Renault |
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PEUGEOT
PARTNER VAN |
MERCEDES
VITO |
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The best
commercial vehicles cover all the bases and Peugeots
Partner van is a prime example of this. |
The Vito
has always been at the cutting edge of technology
offering items such as ABS brakes and traction control
systems as standard in later models |
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FIAT SCUDO
VAN |
MERCEDES
SPRINTER |
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The loading
capacity on the New Scudo is truly outstanding: with a
capacity of up to 1200 kg |
The
Sprinter has been gracing Britain’s roads in a variety
of formats since 1995 and was for several years the
fastest panel van available in the United Kingdom |
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