Lease vs. Buy: Your Courier Van Strategy
Starting a courier business requires a critical first decision: should you lease or buy your delivery van? This essential video from Tommie Courier Services, hosted by founder Tommy, breaks down the pros and cons of each option to help you make the most profitable choice for your venture.
Tommie shares his personal success story, where he chose to lease a van, which required no money down up front. This strategy allowed his brand-new vehicle to immediately start generating income and pay for itself. Leasing ensures you get a new vehicle straight from the factory, giving you peace of mind about maintenance and breakdowns.
The video strongly advises against buying or financing a brand new van outright because the heavy wear and tear of courier work causes rapid devaluation. If buying is your preferred route, the video suggests two main alternatives:
- Buying an older van with cash, which is a good option for more local, short-distance jobs to keep initial costs down.
- Exploring finance options like PCP (Personal Contract Purchase) or HP (Hire Purchase) to manage monthly costs.
For those focused on long-distance deliveries, a lease is generally recommended. It guarantees a reliable, brand-new vehicle, minimizing initial worries about maintenance, and you won’t need an MOT for the first three years. Ultimately, the host assures viewers that no matter which path—buying or leasing—you choose, there is always money to be made in the courier industry. Learn which financial strategy is right for your growth!
