Don’t save, buy a used van instead
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MANHEIM REMARKETING says buying a used van represents a better investment than saving your cash, as banks continue to offer interest rates below the rate of inflation.
Used van prices rose for the second month running, following a 4.5% hike in August and a further 1.3% in September, taking the average price to £4,201 – despite a rise in the average age of vans by a month to 59 months.
James Davis, head of CVs at Manheim Remarketing, said September saw another rise in values as the used market struggles to satisfy demand. “Our volume variance tracker continues to highlight the chronic shortage of quality vans that is affecting the market; the volume of vans sold by our basket of vendors fell by 8%. While I am not advocating people to consider used vans as a long-term investment vehicle, it’s interesting to note that, due to the current market conditions, many used van segments are outperforming saving rates of interest when it comes to a return on investment.” ■