Van prices
- Thread starter Vincey
- Start date
Depends on the mileage, but it's about the money. Newtransits have shot up in price. I've one on a 70 plate bought new in October last year same spec as that but rear wheel drive., and I paid £26k plus vat, although I Claim vat back.
I have 2 vans the exact same spec as that,310, 130 is a goods spec, looks like a trend aswell.
Why is it, if your earning the money and have the turnover it's an investment in his business isn't it, plus He may already have a nice car.
Smooth criminal
Well-Known Member
Was looking at one of these myself... Someone mentioned may have been a mechanic that they arent the best come with problems anyone else heard that
Rossi46
Private Member
It is pete but don’t get the L2. Better off with an L3 for sure
Dansouthcoast84
Private Member
i keep looking at the new transit awd trail.
170hp l2 h2. but cant quite bring myself to pay the 34k tag on it
170hp l2 h2. but cant quite bring myself to pay the 34k tag on it
Rossi46
Private Member
It’s disgusting. It’s miles out of line with a rise in earnings. The money rolling around in vans now is astronomical. An eye watering £35k -£40k for new ones to throw plaster and tools in the back.
Rossi46
Private Member
A fella I know has just bought one. Lovely looking thing. The blue one. I looked at a crew cab. With VAT and interest it would be upwards of £45k
Rossi46
Private Member
I’ve had my Transit for nearly 5 years. I could honestly sell it for what I paid for it
Why is it though,
It's just supply and demand, transits are currently on a limited run where they make them in turkey due to covid, there's a boom in self employed couriers that are buying panel vans up and once you buy one they don't depreciate as much as they once did. If you do your tax right they cost you very little anyway. A mid range car is £30k plus and will depreciate like a stone, that kind of money in a van won't and it's the main tool of your trade, and a big advert if sign written.
Rossi46
Private Member
C’mon Rich, 40% in a year and you think that’s fine. What we earn hasn’t gone up anywhere near 40%.
It’s a big empty shell vehicle. The cost isn’t justified. You can buy a small house to rent out for £45k.
Ha where can you buy a house for 45k.... you can't in my part of the world that will get you a coal shed..
Last 12 months, Sheet materials have gone up 20%, my skip supplier has gone up 20%, I bought a box of expanding foam last week gun grade, it's gone up 28% in the last 12 months... price of scrap metal is at record Highs. As said call it profiteering, call it what you want, but it's supply and demand isn't it. Plus cheap money about, bounce back loans etc.
In real terms my new vans cost nothing as there a depreciating asset on my balance sheet, so there a tax loss in any case, then on top of that I claim all the vat back.
Rossi46
Private Member
FreeD
Private Member
The prices increases at the moment are nuts. I'm just trying to squeeze as much out of every job as possible. Always price prime the customer (including labour and material increases). We are lucky in a way because our work is generally weighted around 80/20 labour/materials.
smoother09
Well-Known Member
You need to buy electric do your bit for the world Vincent!
Dansouthcoast84
Private Member
i agree and this year and next itz 125% tax deductable.
Just had my trusty Renault Trafic that I bought new in 2002 written off.
93000 miles fron new in great condition. Doubt I'll get much back from insurance. At least I've got a little Fiesta sportvan to use but I might have to cut down from 3 bags of finish to 2 per day, not that I supply materials just seems like a good idea!
93000 miles fron new in great condition. Doubt I'll get much back from insurance. At least I've got a little Fiesta sportvan to use but I might have to cut down from 3 bags of finish to 2 per day, not that I supply materials just seems like a good idea!
D
Deleted member 23452
Guest
As @owls said it's just the market forces, but that doesn't make it any less crazy. The Vivaro went back up by £2k in the last 12 months according to 'we buy any van', and the Hiab truck I bought Jan 2020 has gone up by £2k too. The hiab's getting sold this year as I don't use it much now, and I want to make the most of the increase.
House prices have gone fcuking mental, ours have earned more in the last 12 months than Mrs Imago and I have combined.
How things will pan out long term is anyone's guess, but I reckon there's another year of increases ahead.
House prices have gone fcuking mental, ours have earned more in the last 12 months than Mrs Imago and I have combined.
How things will pan out long term is anyone's guess, but I reckon there's another year of increases ahead.
Retired Spread
Well-Known Member
hope you're buying that Pete to convert it to motorhome pal 
Doesn't plasterjfe aka John live there ?St Helens
Well if it continues you know what they call that, hyperinflation.
Again houses it's supply and demand combined with cheap borrowings etc.
Ours is the same, I don't live in a mansion but ours is going up a good £50 grand a year, but as I say to the Mrs it's only paper money, as I don't intend on moving or downsizing so the only people that will benefit are my kids when I'm 6ft under.
The Hobo
Well-Known Member
looks like a london taxi shite
Rossi46
Private Member
He used to. Some proper rough areas there. Little terraced houses that need a refurb go for New transit money.