A panel van (or panelvan) is a form of solid (rigid-bodied, non-articulated) van, smaller than a lorry or truck, without rear side windows. In some national usages it is distinct from a purpose-designed van in that it is based on the chassis of a family car design. In places Template:Where? where they are distinct from a “van”, they have less cargo space but better agility and maneuverability, making them particularly suited for cities with narrow streets and/or heavy traffic.
Buying and Replacing the Panel Van for Your Transport and Logistics Company
For most transport firms, business growth is connected to owning a business vehicle. The challenge is optimising the value of the vehicle and determining when it needs to be replaced. Both are vital for you to keep an eye on your cash flow. You must ensure that, despite unstable fuel prices and the Brexit-affected pound, the costs of your business van are kept under check.
Don’t worry, we have you covered. At Glacier Vehicles, we have the perfect fit for your business. Our services include a great maintenance package. You can contact us on 0208 668 7579.
What is a Panel Van?
A panel van is a type of van, usually smaller than a wagon or truck. They usually don’t have rear and side windows. Its body style is known as a “car-derived van” in the UK, and “sedan” in the United States. In certain parts of the world, the panel van is known as a station wagon, with two doors, and steel sheet-metal panels in place of the rear and side windows. They are widely-used in many parts of the world for transporting goods.
Maintaining a Balance between Your Finances and Your Panel Van
- Consider the Van’s Purpose: What goods would it be carrying, how heavy are the goods, and how much space will be required? Buying a van that is too big or too small is waste of money.
- Consider the Van’s Price: Paying over the odds might compromise your cash flow. Therefore, proper evaluation and bargaining is vital.
- Consider the Maintenance Cost: Evaluate the maintenance costs of the van. If the maintenance costs are affordable, then you are good to go.
- Check Insurance Costs: Make sure to check insurance costs. If the price is low, then the probability is the insurance premium will also be low.
- Keep a Log of Expenses: An accurate record of expenses will help you to know how much you spend, and how to balance the cash flow.
When Should I Replace My Panel Van?
Eventually, you will have to replace your van, it can’t last forever. The challenge encountered by most business owners is when exactly to replace the van. Sometimes the van is overused, and as long as the ignition works fine, usage continues. The downside to this is that more money is usually spent on repairs for the van. Sometimes, the accumulation of the repairs costs could buy a new van. Here are a few tips to help you out:
- Generally, vehicles start losing their value within the first year of purchase. By the end of the second year, depreciation may be full-fledged. It is best to sell your current van, when the value is still high, within the first year of purchase. Afterwards, buy a replacement.
- Keeping your van around for a long time is not a sin, but keep in mind the “two year rule”. Wear and tear will eventually set in, no matter what.
- When repairs become routine, then it’s probably time to give it up.
- The mileage of your van can tell a High mileage will indicate you have really enjoyed the van, and its value as well. It’s usually an indication that it’s time for replacement.
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