Small vans

[nightcrawler13]

I'm thinking of buying a small van for entertainment business, but my knowledge of wheeled iron horses starts and ends with a bicycle....

the insurance on a big van is wayyyyyy too much unless i lie about my gender, age and location. So thinking of something like an astravan or berlingo. Anyone have any experience with small vans and have any opinions of which is best? The 2000 berlingo and astravan both seem fairly affordable, i can get insurance for £1500 as opposed to the £4000 for anything bigger

As I'd be using the thing to get to festivals to do kids fields and such, anyone ever driven a small van on fields, I assume I'd be fine to do so, but would be nice to know from for a fact

My only other question is if anyone knows of a small van that has more then 3 seats.... I'd much prefer to have 5 seats so i could still give people lifts and such, but I seem to fail on every google search to find anything other than second hand van websites with poor search functions. So again, if anyone is knowledgable about such things I'd be grateful

[Katster]

Rather than buying one why not just hire one as and when you need it? Salford van hire is your friend. You can hire a large van for around £60 a weekend. Better than paying for something you won't use 90% of the time. Unless you wanted the van for other reasons too?

[t8yman]

kats is right, or you could go for a vauxhall safira or similar, which has seats that are removable, so when you need a car with seats youve got one, and when you need something vanlike, you just remove the seats. my brother has got one, he bought his second one on friday, after righting off his last one 2 weeks ago, he got an 03 plate for £1850.

[nightcrawler13]

i'm currently paying £25 a time to people to give me a lift to and from parties, if i rent a van then I'll be losing cash, my idea was that if i got a van i could do Man With A Van stuff...

the other main reason was that i wanted to do a road trip to the Running of the Bulls and Bennicassim next year, but working through the numbers i've realised there really is no point. I won't MAKE any money, just fund the extravigance of owning a vehicle for a road trip that i should just wait to do when i have more disposable cash

meh

[Katster]

I thought you were saving 10k to buy a house to rent out while you went travelling anyway?

At least you have realised now that vehicles aren't cheap to run!!

I have been saving for a campervan for the past 3 years or so. It will be at least another 3 years before I am anywhere near. I will have fun in the meantime though

[Rufus Gwertigan]

I would say rent at Salford van hire as well. I have been looking at the idea of something like a land rover with plenty of seats and storage space. That way I can take a few people down and they cam help with the costs.

[nightcrawler13]

i am saving for a house, i've been looking at mortgages and you can get them now for just 4k with repayments of £235!

I was hoping to use the van to speed up profit, but the insurance for being a boy in manchester city centre is just too much

i was playing with fact on the quote system yesterday and if i was a girl with two more years driving experience i could get insurance for £600! However i think lying about my gender and age mighhhhhht just count as fraud

[eFestivals]

i am saving for a house, i've been looking at mortgages and you can get them now for just 4k with repayments of £235!

and at least a 10% deposit, and £2k for fees, and for the likes of you who I think is self-employed: three years of audited accounts.

[nightcrawler13]

and at least a 10% deposit, and £2k for fees, and for the likes of you who I think is self-employed: three years of audited accounts.

Edited November 15, 2011 by nightcrawler13

[eFestivals]

They are not meant to be discriminating on your sex any more...

I know that it's going to change so they don't, but I don't think that change has come into force just yet. I think that comes into force next year at some point.

[Katster]

What do you mean now? That's what I got 4 years ago. With a little help from my mum and pops

So are houses only around 40k in your area then? That's much cheapness

i am saving for a house, i've been looking at mortgages and you can get them now for just 4k with repayments of £235!

I was hoping to use the van to speed up profit, but the insurance for being a boy in manchester city centre is just too much

i was playing with fact on the quote system yesterday and if i was a girl with two more years driving experience i could get insurance for £600! However i think lying about my gender and age mighhhhhht just count as fraud

[Rufus Gwertigan]

Dont forget to put the cost of the van and insurance on your tax return.

[nightcrawler13]

So are houses only around 40k in your area then? That's much cheapness

[Katster]

nope, 70k

[nightcrawler13]

Oh. So how are the repayments so cheap? I pay around £300 per month but that's because my mortgage is only for £45,000. Ish.

Edited November 16, 2011 by nightcrawler13

[Katster]

some government funded first time buyer scheme, spoke to them today and in theory if I get the gift/loan from my friend I should be starting the process just after christmas

[nightcrawler13]

So do you only own half the house? Like what I have done with my parents but with the government? Are you sure you are able to rent the property out when it's a scheme like that? And if you sell the property what happens then? My parents protected their 45k investment so that if I ever sell and my flat is worth less than what we paid (which it is) they get their full amount back and it's me who stumps the negative equity. I would imagine this scheme you have found would work in much the same way??? Make sure you understand the legal side of everything before you get into it.

It does sound good though, it certainly helped me. I would never have been able to afford a first home otherwise.

[eFestivals]

The govt are giving £50k houses away for £4k? Yeah, there's a scheme like that operating.

[nightcrawler13]

The govt are giving £50k houses away for £4k? Yeah, there's a scheme like that operating.

[Katster]

I don't want it not to work?! I want to understand what it is. Sorry for asking.

[abdoujaparov]

So even if i sold the house for 50k, and i wouldn't be selling it as I shall be eventually renting it out, i've still made 46k that i didn't have before i bought the house.

[eFestivals]

70k house actually, and yes, as i spent an hour speaking to the mortgage company about it to make sure i check the criteria and i found the company through moneysupermakert.com I have no worries they're a scam company or anything

i think maybe the reason why the economy is a slump is that no one is spending because everyone is so cynical about anything that relates to money, I've had nothing but negativity from people on this site since I started my of obtaining a house

I've just spent four weeks getting my mortgage application approved - not because there's anything difficult with my financial circumstances, not because I'm after a huge mortgage, and not because I don't have the 10% deposit that no lender will currently accept less than ... but because people aren't giving away money, free or otherwise.

So please do point me at this thing which you say exists which will let you buy a property in your full ownership for just a 5% deposit, and where you don't have to pay back the mortgage the lender gives you - because that's what you've said is the deal you're getting.

[abdoujaparov]

I've just spent four weeks getting my mortgage application approved - not because there's anything difficult with my financial circumstances, not because I'm after a huge mortgage, and not because I don't have the 10% deposit that no lender will currently accept less than ... but because people aren't giving away money, free or otherwise.

So please do point me at this thing which you say exists which will let you buy a property in your full ownership for just a 5% deposit, and where you don't have to pay back the mortgage the lender gives you - because that's what you've said is the deal you're getting.

[the_hedge]

I've just spent four weeks getting my mortgage application approved - not because there's anything difficult with my financial circumstances, not because I'm after a huge mortgage, and not because I don't have the 10% deposit that no lender will currently accept less than ... but because people aren't giving away money, free or otherwise.

So please do point me at this thing which you say exists which will let you buy a property in your full ownership for just a 5% deposit, and where you don't have to pay back the mortgage the lender gives you - because that's what you've said is the deal you're getting.

[eFestivals]

You venturing back into the world of home ownership Neil?

Yup. Mostly driven by the missus wanting her own place, tho driven on once we'd started into it by the realisation that getting a mortgage at my age ain't so easy, because I'm too old for a 25 year mortgage (which came as a bit of a shock). So the longer I might leave it, the harder it's going to be.

From one angle it's probably a bad time to buy because I expect at least another 10% or more fall in prices over the next 2 years or so, but with being the age I am any fall like that over the next year or three isn't going to make a mortgage any cheaper for me because it'll have to run over fewer years. So it's pretty much now or never.

Edited November 16, 2011 by eFestivals