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Question on buying 2nd hand company van


Nekigosu
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I am going to get a second hand van that has 2 year COE left and register under company name


how much down payment do i have to fork out?


besides insurance what are the other extra expenses i have to pay?

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Hypersonic

of course Road tax which is kind of standard for vans with G plate which if I am not wrong is about $400+ plus annual inspection of $80 plus and summons from time to time [wave] like any other vehicle; But got to be careful with this Euro techno engines - as far as I know all got give some problems after about 7-8 years; What brand is it ?? Petrol or Diesel; Gone are the good old Jap vans which can really last 20 years- Even the Jap vans now are using Euro compliant engines

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of course Road tax which is kind of standard for vans with G plate which if I am not wrong is about $400+ plus annual inspection of $80 plus and summons from time to time [wave] like any other vehicle; But got to be careful with this Euro techno engines - as far as I know all got give some problems after about 7-8 years; What brand is it ?? Petrol or Diesel; Gone are the good old Jap vans which can really last 20 years- Even the Jap vans now are using Euro compliant engines

 

Most likely Diesel toyota liteace

 

how about the down payment? for company van don't have to down 50% right?

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There's no loan restriction on commercial vehicles. Look for the company Abwin. They deal mostly with preown commercial vehicles.

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There's no loan restriction on commercial vehicles. Look for the company Abwin. They deal mostly with preown commercial vehicles.

meaning i don't have to down any upfront cash and take 100% loan?

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meaning i don't have to down any upfront cash and take 100% loan?

 

Technically there's no law which prohibits 100% loan for commercial vehicles.

 

But despite the fact that most dealers claim to offer such loans, in my experience most of them will ask for at least a 10% or 20% downpayment.

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(edited)

 

Technically there's no law which prohibits 100% loan for commercial vehicles.

 

But despite the fact that most dealers claim to offer such loans, in my experience most of them will ask for at least a 10% or 20% downpayment.

 

Noted. Thanks! I think i read somewhere there is also a special diesel tax? is it in addition to the road tax?

 

Edited by Nekigosu
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Okay great haha. Besides Abwin are there any other recommended preown commercial vehicles company that are honest and provide good customer service?

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Twincharged

8 years old van,usually very high mileage,so people gave up.!You prepared [bigcry] for huge repairing costs...

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(edited)

8 years old van,usually very high mileage,so people gave up.!You prepared [bigcry] for huge repairing costs...

 

I was actually looking for those more than 10 years van lol

 

new vans very expensive =(

 

but people told me toyota liteace quite durable and problem free?

Edited by Nekigosu
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Twincharged

 

I was actually looking for those more than 10 years van lol

 

new vans very expensive =(

 

but people told me toyota liteace quite durable and problem free?

Such old vans even how durable,some hit 300,000km,problem sure come in...

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Hypersonic

 

I was actually looking for those more than 10 years van lol

 

new vans very expensive =(

 

but people told me toyota liteace quite durable and problem free?

 

You are looking at 15 years old van. U cannot expect it to be problem free.

 

Better set aside some money for repair.

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Twincharged

That is why in S'pore very difficult to do small business... current paper already costed $52,000,10 years ago my new Nissan Cabstar only costed $45,000 on the road. [bigcry]

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Hypersonic

That is why in S'pore very difficult to do small business... current paper already costed $52,000,10 years ago my new Nissan Cabstar only costed $45,000 on the road. [bigcry]

 

You are right bro.

 

8 years back I bought my Caddy TDI for only $47000 when it was first launched.

 

Now? More than $100K! :slow:

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