If you’re a hard-working tradesman, you probably know the importance of having the right tools for the job. The van you choose to work for your business serves as a fitting example. If it’s unreliable, you risk losing precious time, money and clients. If the van is costly to run, fuel and maintenance expenses will quickly burn through your wallet.

Being one of the bigger investments your business will make, it’s imperative that you choose the right van. Fortunately, making the right decision is as simple as considering a few key factors. Listed below are the most important considerations you should make when buying a van for your business.

Financing

There are a number of ways your business can finance the purchase of a van. Buying it outright, while cheaper in the long run, means you’ll be investing high amounts of capital into a depreciating asset. A more popular option is leasing, which allows you to benefit from much lower upfront costs and the ability to claim up to 100% VAT back on payments.

Additionally, through companies such as these van leasing specialists at Vantage, you can choose from a wide variety of vehicles based on your budget and needs. There are no processing fees and special prices are available for business owners, as well as free delivery.

Insurance

In the UK, owning the correct insurance policy for your vehicle is a legal requirement. In addition to the choice of three standard vehicle cover types that you’ll be familiar with if you have private vehicle insurance, there are business-specific types of van insurance that you should consider.

This includes goods in transit insurance, which covers the tools, stock or other valuable assets in your vehicle. There’s also breakdown cover & replacement vehicle insurance, which helps you get back on the road sooner. Be sure to shop around and compare quotes before settling on a certain policy and consider installing a dashcam for added safety.

Reliability

Perhaps the most important factor to consider when choosing your van is reliability. An unreliable van can be a nightmare to deal with and will cost your business money. Find a model that is known for its reliability. In the UK, popular options include the Mercedes Benz Sprinter, Mitsubishi L200, Peugeot Partner, VW Caddy, and Ford Transit line.

Fuel and Maintenance Costs

It’s not only your miles per gallon that determines your running costs. You should also consider the miles between wear, tyres, and servicing. Take some time to educate your drivers on efficient driving techniques and the importance of proper vehicle maintenance.