Do some homework before buying a van

All firms, no matter what size they are will say that getting a driver as well as an assortment of packages, tools, equipment, machinery or a product from departure point to delivery point without causing damage is essential. It is a must for most businesses to prosper, so they need to choose very carefully when buying a commercial van which they will have to protect with commercial vehicle insurance.

Before they even start looking for a van, they will need to decide if it is going to be bought or hired on a leasing agreement. A leasing or contract hire agreement means that the firm will make a monthly payment to the leasing company and this will be based on how much the van will depreciate during the time of the lease. A contract hire agreement will normally be between two years and five years and will quite often be based on the number of miles that the van will do over the lease period.

For the majority of businesses, buying a brand new commercial van is very expensive and also unnecessary. Instead, they are searching for a good quality second-hand commercial vehicle. All light commercial vehicles and vans are put into four categories: these are micro vans; car derived vans, pick-ups vans and panel vans. The size of the van should be taken into consideration. If the van needs to go down small driveways then a large van is going to be impractical. A small van will also offer much better fuel economy. Timing is also crucial when buying a new van, it is possible to get a better price if the van is purchased a month before new registrations are introduced, this is because a lot of dealers will slash the price in an attempt to move excess stock and make room for the new vehicles. Another good time to buy is the Christmas period.

Research is another major part of buying a van. There are magazines and websites that give detailed comparisons of every make of van and models, as well as a price guide for both new and second hand vehicles. When taking the van for a test drive, check out the following: mileage, brakes (do an emergency stop on a quiet road) engine, gearbox and tyres and make sure the VIN (Vehicle Identification Number) is the same as the one on the logbook. Unless completely comfortable with everything do not sign a contract. Signing for the van ‘as is’ will mean there is no legal right to complain if the van does not meet expectations.

Try our sister site Rightsure Insurance for Van Insurance without the aggregator

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