Do you need a van for your business? Buying a van can be stressful. Here’s a guide on buying a van for your small business. There are a lot of considerations that you need to look at before buying a company vehicle. For instance, you may be weighing up whether to buy your vehicle from new or used. 

In this article, we’ll talk you through some tips for buying a vehicle for your small business. 

Decide How Much You Can Afford 

The first thing that you should do when thinking about buying a van for your small business is to set yourself a budget. Work out how much you can afford to spend on buying the vehicle in the first place, but also set a budget for the running costs. 

Don’t forget that you may be able to claim your van as an expense against your tax bill. 

New Vs. Used 

A major decision that you will need to make is whether you will buy the van new or used. Buying new means that you will have greater reliability, the latest technology, and a longer warranty. Whereas, there are some great savings to be made when it comes to buying used. 

Another option might be to think about lease hire. With this option, you will lease the vehicle for a prolonged period. 

Think About Running Costs 

The cost of running a vehicle is just as much as the cost of buying it. You will need to think about how fuel consumption and tax. Find out how much these will cost for the van you are interested in. 

Think About Maintenance Costs 

Over time, parts such as tyres and brakes will need replacing. You’ll need to get your vehicle serviced also from time-to-time and the vehicle may also breakdown every once in a while. It is essential that you budget for your maintenance costs. Have a plan in place for maintaining your vehicle and budget for this accordingly.   

Get Insurance Quotes 

Before you buy your vehicle, find out how much it will cost to insure it. You will need to think about who will be using the vehicle and where it will be stored when it is not in use. There are a lot of factors that affect insurance costs and it is important that you know how much the vehicle will cost to insure before you buy it. You can take out van insurance, here

Have an HPI Check Carried Out 

If you are buying a used van, make sure that you have an HPI check carried out. This will let you know whether the van has been in any accidents and has been written off in the past, or whether it has been reported stolen. 

Check The Milage

You should always do your due diligence if you are buying a used van. Be sure that you check the mileage. Low mileage on a vehicle that is a few years old could be a warning sign that the mileage has been changed. Check MOT records to see what has been recorded on each test.

Do you have any tips that we can add to our guide for buying a van for a small business? If so, comment below.

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