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According to Manheim, the average selling price of a used van in January 2022 was in excess of £11,000 with this being the first time average used LCV prices have exceeded that figure. It is going to be interesting to see what happens to prices for the remainder of this year and beyond.
Are we going to see the number of used vans being sold to level off if we reach a peak in the average selling price? After all, there may come a point where we see potential purchasers of vans decide to buy a new van rather than a second hand one.
It is also worth considering that we could see more older used vans being offered for sale and these could have more mechanical problems than newer used vans. Therefore, if you are considering buying a particular older van you may wish to get somebody to look over it to check for potential problems before parting with your cash.
Apparently, there is a good supply of used vans available to choose from. This can only be a positive factor if you are considering buying a second hand van. It should hopefully mean that you are able to select a used van that meets your requirements for the work that you are involved in i.e. the right size van and an economical one.
Whether you are thinking of buying a new or used van you will require suitable van insurance. In this respect, why not get in touch with us today to discuss your requirements and obtain a competitively priced van insurance quotation without any obligation. We have access to a wide range of well-known providers of van insurance here in the UK. It is worth noting that if you can afford to pay for your cover in an up-front single premium it is likely to cost you less for your cover than if you pay monthly but we are able to help you to arrange cover with either form of payment.