Three Types of Van Owner

Three Types of Van Owner

Over the course of a van's life, the monthly total of holding and running costs change considerably. These changes help define three distinct “types” of van owner.

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The “Brand-new” owner seeks the convenience of ordering through a franchised dealer, access to the absolute latest technologies, precise vehicle specifications and the satisfaction of that “new car” smell. He or she may also want the security of the vehicle's full warranty with no previously incurred wear & tear. Finally, for those vehicles needing substantial conversion to suit the job requirement, the owner will want to amortize these extra costs over the longest period possible.

However, all of this comes at a price with brand new vehicles facing the steepest market de-valuation right up front. Furthermore, brand new vans will often require substantial “build time”.

At the other end of the spectrum, the “Used” owner faces the lowest initial outlay, but exposes themselves to the highest running cost expense as well as unexpected contingencies faced in later life (e.g. un-warranted breakdown, non-start, roadside emergency, etc.). These owners typically enjoy some advantage allowing them to better cope with used vans. They may have a brother-in-law in the transmission business or their used van may be marginal such that other more reliable vehicles may be deployed in the case of a non-start, etc.

Between the two, the “Nearly-new” owner exploits moderate holding and running costs to achieve the most economical monthly costs available. Furthermore, modern manufacturing ensures that nearly new vans presents the technology and advanced features offered by their brand-new alternatives and only moderate wear & tear. Nearly-new owners enjoy the outstanding warranty balance and can consider additional services to lock-in the value of their van.

We like to say that a nearly new van is essentially a brand-new van at a fraction of the cost both at initial purchase and throughout its useful life.

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