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Van lease/hire purchase?

  • 13-10-2012 1:04pm
    #1
    bizzyb
    Registered Users, Registered Users 2 Posts: 356 ✭✭


    Hi all

    Not to sure if this is the correct place to post. I am in the process of setting up a van based service business, i need to watch the euro's but i also need a reliable vehicle(small van, caddy,berlingo etc). What would be the best option for the first 2-3 years of trading lease or hire purchase?
    Also if anyone knows of a company i could contact would be great.


Comments

  • #2
    bazz26
    Registered Users, Registered Users 2 Posts: 51,360 ✭✭✭✭bazz26


    Do you have a vat number? If you don't then I would imagine none of the leasing companies will lease to you as a private individual. Some of the leasing lads here should be able to verify this though.

    Personally, if you are only starting out then I would start off with buying a cheap van until you are up and running and take it from there.


  • #3
    Drummerboy08
    Closed Accounts Posts: 12,102 ✭✭✭✭Drummerboy08


    The question is, as a new start up company, would a finance house approve a contract hire/hire purchase deal? I'd doubt it.

    Best option is to buy a small van cheap and use it for the first year. If it and the business works out, then you can look at a brand new van.


  • #4
    bizzyb
    Registered Users, Registered Users 2 Posts: 356 ✭✭bizzyb


    Drummerboy08 wrote: »
    The question is, as a new start up company, would a finance house approve a contract hire/hire purchase deal? I'd doubt it.

    Best option is to buy a small van cheap and use it for the first year. If it and the business works out, then you can look at a brand new van.
    Thanks for the replies guys, the sensible option probably would be a cheap van for the first year.


  • #5
    pred racer
    Registered Users, Registered Users 2 Posts: 4,384 ✭✭✭pred racer


    bizzyb wrote: »
    Thanks for the replies guys, the sensible option probably would be a cheap van for the first year.

    I think you'll do allright, you're one of the first posters ive ever seen who looked for advice.....and when good advice was given, accepted it :eek:

    Best of luck with the new venture.


  • #6
    R.O.R
    Registered Users, Registered Users 2 Posts: 12,712 ✭✭✭✭R.O.R


    Might be worth giving Northgate a shout - http://www.northgatevehiclehire.ie/

    I doubt any of the leasing companies would finance a new start up, but Northgate seem to be between contract hire and rental so might be able to sort something. Lower overheads than buying and running your own van/vans.

    Good luck with the new venture. When you've a couple of years of good trading history and looking to order multiple vans, drop me a pm :-)


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