The commercial vehicle sales figures show that light and heavy duty commercial vans continue to sell well. To assist businesses in securing their van with a cost-effective loan, Jade Car Loans is delivering cheap finance for light commercial van buyers.
For August 2021, this segment posted 22.7% growth on a year-on-year basis and that growth continued through September. Compared with some vehicle segments that are facing stock availability that may not be the case for this segment. Back in July, it was noted that European van manufacturers appeared to have few if any issues around supply.
The strong demand for all types of commercial vans is not surprising considering the current economic scenario as a result of COVID-19 and most specifically, the lockdowns. With the initial phase of lockdowns in 2020 buyers by necessity had to turn to online shopping and home deliveries to acquire the goods they needed. This meant businesses needed to respond and get on board with the services to meet the demands of their customers with some form of delivery arrangements. Vans are the ideal vehicle for many of these types of deliveries and so demand for them has been strong.
In the 2021 Australian lockdown experience across multiple states, the same scenario seemed to play out with demand for delivery services placing pressure on even Australia Post. Online buying remains strong and has been tipped to continue as consumers show no signs that this will slow down. Good news for those in the delivery service business as it indicates more work for the trusty white van brigade moving forward. For those in the market for a new van or looking to get a start as a delivery business, we provide information on the top selling brands and finance options we offer.
Top Selling Brands
In the sales results released for August, Mercedes-Benz tops the list of leading brands in the light duty van segment based on sales for the year to date. In the second spot is Ford, then Volkswagen followed by Renault and FIAT rounds out the top five. But for September, there was a significant change in the rankings with Mercedes-Benz retaining the lead but the LDV Deliver 9 taking second spot.
Based on August figures, all five top-selling brands posted increases YTD based on year-on-year results. Mercedes-Benz is up 21% YOY, Ford up 36.7%, VW 6.8%, Renault 7.5% and FIAT a very impressive 76%. In the current unprecedented production climate, motor vehicle sales results should be considered against the availability and stock supplies in the local market. Consideration should also be given to any new model releases in a period that may skew the statistics.
For Mercedes-Benz, the range includes the extremely versatile Sprinter and the smaller Vito. At Ford, buyers have options with variants of the iconic Transit Van. Volkswagen offer three sized options the Crafter, Transporter and Caddy. The Renault van collection includes the Kangoo, Master and Trafic, all currently available with a factory bonus offer. The big increase in FIAT sales has come from the Professional Ducato. With the Deliver 9 showing strong sales, many will be taking more than a second look at this economical offering from LDV.
A great selection of makes and models are available in the Australian market with options to suit all types of operations.
Van Finance Options
Selecting the most appropriate finance product and securing the cheapest interest rate on that finance can be key to achieving the optimum productivity and profitability of your new van.
A full selection of commercial finance products is available to finance new light commercial vans. Finance includes:-
- Chattel Mortgage
- Commercial Hire Purchase
Each finance product has tax deductible elements, can be secured at our better business car loan interest rates and is individually sourced and structured by our expert finance consultants to suit the requirements of our customers. Refer to our Interest Rate Comparison Calculator to compare rates.
Business owners are advised to refer to their accountant as to which is the most appropriate facility for their business.
Sole Trader Finance
We fully appreciate that many owners of delivery vans are sole traders. A business structure can have its challenges with meeting the approval criteria of some banks and lenders when sourcing finance. We are accredited with lenders that make finance offers to sole traders at cheap interest rates.
Your Jade consultant will handle the entire process including sourcing the most suitable lender, negotiating the lowest interest rate and structuring a finance deal that best meets your requirements. Use our business car loan calculator to work up possible repayments or contact us for a quote.
New Businesses: Finance Options
As a result of the pandemic, individuals have been making major changes around how they work by choice or through necessity. Some are choosing to go out on their own and establish their own business and a delivery service or contract courier may present a viable new business option for many.
Great initiative but many find that sourcing finance can be an issue when setting up a new business. Most banks and some non-bank lenders have minimum trading periods as basic criteria for loan application approvals. They also require a range of financial documentation which new businesses simply have not had time to accrue.
As a specialist motor vehicle finance lender, we do have accreditation with lenders that offer low doc car loans and no doc car finance. These loans can be achieved at cheap interest rates provided the applicant has a good credit profile and meets other criteria. Speak with us about new business finance and how we can assist you to get your new delivery service underway.
Contact Jade Car Loans at 1300 000 003 for a finance quote on a best-selling light commercial van.
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.