How much does a van cost to buy?
How much a van costs to buy will depend on many different factors, such as:
• Make and model of the van
• Whether it’s new or second hand
• The age and condition of the van
• Engine size
• Load capacity ( e.g a Vauxhall Combo will be cheaper than a Mercedes Sprinter)
• How many owners the van has had
• Service history
• Trim specification or aftermarket modifications
When buying a van you need to think carefully about what you are going to be using it for. If you know you will be eating up the miles on a daily basis then it may be best to opt for a smaller van that is more economic on fuel. You also need to make sure you can fit what you need on a regular basis in the van. It is illegal to overload a van and you can face hefty fines and even a court summons if you do.
If you think you may need to transport large heavy goods, but it will be on an infrequent basis then it could be worth buying a smaller van for everyday use and renting a larger one when you need to transport large heavy loads. Regularly underusing your van could cost you more in the long run with extra fuel and higher insurance premiums.
The make and model of a van does not just affect the price of the van at the point of sale but can affect its running costs too. Insurance companies partially work out the insurance premium of the van by the insurance group it falls into. These groups are determined by the Association of British Insurers (ABI).
These groups are numbered from 1-20 with 1 being the lowest and 20 being the highest. For example, a Ford Fiesta van falls into insurance group 1-6 while a Ford Ranger (van and pickup) falls under group 9-15.
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