A van can be an important asset for any business, whether a large corporation or a sole trader. However, making sure that your investment in an LCV is cost-effective and viable in the long term can be tough.
Van sales are higher than ever, with more miles travelled in this type of vehicle during 2016 than at any point in the past. With all this wear and tear being caused, how do you know when it is time to upgrade your van?
Repairs are required regularly
If you are becoming far too familiar with your local vehicle repair mechanic, as a result of constantly having to return to get little problems fixed, then your van may be over the hill and in need of either a significant overhaul or an outright replacement.
While serious repair work may result in significant one-off costs, the cumulative impact of having to keep taking your van back in for minor work can add up and can have a similarly damaging impact on your budget.
The load capacity is a limiting factor
A van is only useful if it can comfortably accommodate all of the goods and equipment you need to take with you on a daily basis. As your business grows, you may find that your old van is simply too small to be practical and could be holding you back.
The type of equipment you use may also change, which could require alterations. If you need to transport heavy, loose loads, then van plylining could be a good idea. Make sure you have it installed by experts, though, such as https://www.vehicle-accessories.net/interiors/van-lining/van-ply-lining/.
Fuel costs are increasing
Fuel is likely to be the single biggest expenditure that you have to factor in when calculating the running costs of a van. Engine technology has become vastly more efficient over the years, making new models cheaper to run.
Features such as automatic stop-start systems that prevent fuel being wasted while you are stuck in traffic can be desirable. Fuel savings from such systems can help offset the cost of upgrading to a new van over time. The cleaner engines of modern vans, as well as the availability of hybrid and full-electric LCVs, means that you can cut your road tax and avoid congestion charges, if you choose carefully.