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Are You Self-employed? Purchasing A Van? Read These 6 Important Tips

by | Dec 11, 2020 | Car Finance | 0 comments

Are You Self-employed? Purchasing A Van? Read These 6 Important Tips


Getting the right vehicle for self-employed is as essential as owning the right home.


The tools for performing your trade are critical when it comes to opening a business, whether as an independent building contractor or an IT specialist.


Getting the right equipment is often the key to performing the self-employment job efficiently and effectively.


Why should you allot too much effort to make sure that you possess the right equipment to cover the task just to forget the transportation you’re going to use to get from one job to the next?


The truth is you’d have to take extra time and think about what van would be the best match for the company.


As a preliminary step, we wanted to create this reference to help you make the right decision for your dream van. 


Tip #1: Pick a van which fits your purpose


This story aims to illustrate why you need a new or used van that meets your needs. Gary owns a company that sold to local wealthy folks small works of art.


Gary requires a tall, flashy van, and the classic Transit was his option. The only thing is that he never transported more than a few paintings or tiny sculptures with him.


A purchase of smaller van would be better suited to his needs, Gary soon realized.


You should possess a good idea of what you will be using it for when you’re looking for a new van to minimize unnecessary expenses.


Tip #2: Take time to research when buying the van 


We’re assuming that you’re using your time to look into what you need to purchase. We don’t want to preach but you may find these tips useful when researching:


  • Search around and attempt to figure the highest and lowest models of your preferred van.
  • Identify the differences between the highest and lowest-priced vans.
  • Sort the benefits and drawbacks of the highest to the lowest-priced vans.
  • Look at the bigger picture of your purchase, don’t just rely on Google.
  • Research, not just the van but also the one selling it. 


Tip #3: Obtain financing or leasing


Van finance occasionally gets such a bad reputation, but it can be an important tool to have when creating your business venture.


Credit lets you create credibility that you can repay what you borrowed on time. This would be an invaluable tool once you are negotiating with banks and purchasing that cover a new property or vehicle on finance or credit.


Financing or leasing is a very good way to buy properties such as a new vehicle and ensuring a manageable cash flow at the same time.


Tip #4: Try out different van types


The truth about buying a van is that you’re going to drive it after purchasing one. You’ll be spending quite a lot of your professional life using the purchased van. It’s crucial to try vans out before getting the right one on credit.


Test driving allows you to have a sense of how the van works. But most importantly, the claim whether it’s safe and efficient to use.


Tip #5: Don’t be afraid to negotiate


Brits are not known for being great hagglers. It may be easy to get a bargain price on some limited items at the street market, but negotiating the price of a big-ticket item or brand new vehicle is a different matter. 


But there’s nothing to lose by haggling with van sellers for van finance – you’ll never know until you tried. You might just get the price of the vans that you’re looking for.


Tip #6: Make sure you give the van a good check


There’s no arguing that you need to give the van your considering a comprehensive check. Here are the things that you need to check:


  • Are there any issues with the bodywork, such as scratches, nicks, or bumps?
  • Does it have the right set of tyres?
  • Do the tyres follow the legal minimum in the UK (1.6mm)?
  • Are the seatbelts locking properly?
  • Is the warning light working well?
  • Have you tried the heating and AC functions of the van?


Be ready for a joyride


After you’ve chosen the most suitable van for your needs for the company as self-employed, don’t forget to take care of the important legal matters such as commercial tax, insurance, et cetera.


We hope you can find the right van and deals for your purpose with the help of our little guide for self-employed people.