R. I. P. Van

Danny said:
Quite possibly...

but

My wifes parents own a 10 year old nissan car its worth £500, my mates own a 10 year old car of the same class but a "better" brand and its £8K still...

I always by my vehicles with the aim to sell them for as much as I can when that time comes... the last car I sold I drove for 5 years and sold it for more than I paid for it and my current car is appreciating nicely as well :D
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I bought a new Vivaro in 2014, and I chose that because it was £7k cheaper than the same spec Transit, and £12k cheaper then the same spec Transporter. It's three years old this week and they're selling (as opposed to some made up 'book' value for between £7,500 and £8,500, Transit the same, and VW between £10k and £13k.

So £11k - £8k average = £3k down. Transit £18k - £8k average = £10k. VW £23k - £11.5k average = £11.5k.

So how does the "VW's hold their value" argument look with actual figures? :whistle: The Vivaro was cheaper to buy and has lost just under a third as much as the Transit, and just under a quarter of the VW.

All of which is of course based on how I view a van. Which is that it is simply the most expensive tool I own and nothing more. If you view them as a status symbol, a reward for hard work, something to pose in, a nice toy etc then fair enough. You will need to spend whatever it costs to get something that you like. It's all personal choice and people are entitled to spend their hard earned on whatever they wish.

However, it's wrong to try and justify the extra expense (especially five figures!) as any kind of investment!
 
I also found the servicing on higher end cars to be ok...

Janes crappy nissan was about £250 a year where my BMW is about that every other year....
 
jimbo71 said:
I drove an E30 M3 for about 15 years, first as a daily driver then weekends only, i paid 10k for it and got 10k when i sold it, minus servicing etc didn't think that was too bad!
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Ditto I bought an e60 m5 BMW a few years ago, it was mint, I give 22,000 for it and sold it a year later for 22,000. I also had a Ford escort cosworth totally unmodified I give 16,000 for that and sold it it 3 years later for nearly 20,000, now though there's going for 30,000 mind.
 
imago said:
I bought a new Vivaro in 2014, and I chose that because it was £7k cheaper than the same spec Transit, and £12k cheaper then the same spec Transporter. It's three years old this week and they're selling (as opposed to some made up 'book' value for between £7,500 and £8,500, Transit the same, and VW between £10k and £13k.

So £11k - £8k average = £3k down. Transit £18k - £8k average = £10k. VW £23k - £11.5k average = £11.5k.

So how does the "VW's hold their value" argument look with actual figures? :whistle: The Vivaro was cheaper to buy and has lost just under a third as much as the Transit, and just under a quarter of the VW.

All of which is of course based on how I view a van. Which is that it is simply the most expensive tool I own and nothing more. If you view them as a status symbol, a reward for hard work, something to pose in, a nice toy etc then fair enough. You will need to spend whatever it costs to get something that you like. It's all personal choice and people are entitled to spend their hard earned on whatever they wish.

However, it's wrong to try and justify the extra expense (especially five figures!) as any kind of investment!
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It's a tool of your trade, doesn't really matter what there worth after x amount of years as you get tax relief against buying one anyhow.
 
owls said:
It's a tool of your trade, doesn't really matter what there worth after x amount of years as you get tax relief against buying one anyhow.
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True, which is another reason not to waste money on a Badge as that money can be put to use elsewhere in the business. Although in my case I'm not planning on buying another van if I can avoid it. I'd prefer to run this one until I retire. Although 'best laid pans ...' etc.


hstoke said:
Mind u I put deposit down of £4K rate about 6% n it's cheaper than a business loan Lloyds 8.9 tossers my own bank
Personal loans definitely the way if u can do it
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I forget what I paid as a deposit, but I think it was a similar amount and as most of that was VAT I got it back a couple of months later. The rest I put onto the dealer finance which is Santander at 3.9%. With rates that low it makes no sense at all to use your own money.
 
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