New vs Used Van True Cost of Ownership

BUYING NEW VS BUYING USED

Think it’s always more cost effective to risk it with a used van? Think again.

Here’s a rough idea of how a brand new van compares with the costs of owning and running a second hand used van.

Cost to purchase

NEW VAN:
£35,000

USED VAN:
£25,000

Finance interest

NEW VAN:
£0

USED VAN:
£5,000

Maintenance costs over 5 years

NEW VAN:
£3,500

USED VAN:
£5,000

Approx value after 5 years

NEW VAN:
£18,000

USED VAN:
£13,000

Total cost of ownership over 5 years when you sell your van

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