While used vans offer excellent value upfront, understanding ongoing running costs helps you budget effectively and avoid financial surprises down the road. For Used Vans for sale near me, visit Cotswold Van.
Fuel Expenses
Fuel typically represents your largest ongoing cost. Older vans often consume more fuel than newer models, so factor this into your calculations. Commercial diesel prices fluctuate, but expect fuel to account for 40-60% of your running costs depending on mileage.
Insurance Premiums
Van insurance varies dramatically based on usage, driver experience, and coverage levels. Commercial policies cost more than private use, while courier or delivery work attracts higher premiums. Shop around annually for competitive rates.
Maintenance and Repairs
Used Vans for sale near me require more frequent maintenance than new vehicles. Budget for regular servicing, tyre replacements, and unexpected repairs. Older vehicles might need more expensive fixes, but parts are often cheaper and more readily available.
MOT and Road Tax
Annual MOT tests become crucial for older vans, sometimes revealing costly repair requirements. Road tax varies by emissions rating, with older vans typically paying higher rates.
Depreciation Considerations
While used vans depreciate slower than new ones, they still lose value over time. Factor this into your total cost calculations, especially if you plan to sell eventually.
Hidden Costs
Don’t forget parking fees, tolls, breakdown cover, and potential congestion charges in city centres. These smaller expenses accumulate quickly.
Smart budgeting for all running costs ensures your used van remains a profitable investment rather than a financial burden.