There are lots of different reasons why people want to buy a van. Some of them include:
- To transport work materials
- To store tools and equipment
- Interior space
- Reliability
- Extra security
However, due to current economic circumstances, many people worldwide simply can’t afford to buy the van they want. This is sad – but there are some solutions.
If you want to learn more, make sure to keep reading, as this article has five tips that will help you to afford a van.
1. Get used van finance
Dealerships have grown to understand that many customers don’t have the money to outright buy a van on the spot. This is why many of them now offer used van finance. This enables drivers to secure excellent deals where they only have to pay small deposits and pay affordable monthly costs suited to their budgets. In the modern era, this is a true lifesaver.
So, whether you’re starting your own business or need a van for other reasons, this is definitely the option for you.
2. Part exchange your existing car or van
If you have a car or van already that you want to sell, then it’s worth part-exchanging it so that you can knock a significant amount of money off the cost of your new van.
The amount of money you get for your vehicle will be dependent on its age, model, and overall condition.
3. Choose an older model
Don’t care about the way your van looks or how old it is? Perfect – this means you can save some big money simply by choosing an older model.
Vans that are 5 years or older will cost significantly less than newer models on the market. For example, you could get a Ford Transit from 2013 for a relatively low amount nowadays.
However, when you choose an older van model, make sure to pay careful attention to the milage. If the previous owner has clocked up a lot of miles, it will mean the van is more prone to breakdowns and faults as each year goes by. If possible, choose a van with as few miles as possible if you decide to go for a used one.
4. Get a loan
Sometimes, banks and independent companies will provide people with business or personal loans so that they can make specific purchases (such as a van or car). If you have a good credit score and healthy financial history, then you’ll be more likely to be granted a loan. This is worth considering if you’re low on cash but know you’ll be able to afford the repayment plan.
5. Ask your family or friends for financial support
In life, many people ask their family and friends for financial support before they make big purchases like buying a van. Remember, if they say yes, it’s important that you put together an official repayment plan that works for both of you. Otherwise, further down the line, you don’t want to risk your family member or friend taking legal action because they believed you were going to pay them back when you had no intentions to do so.