Lockdowns Drive Demand for Light Commercial Van Loans

With the ongoing lockdown situation in multiple states, online shopping and home delivery services continue to be in high demand. Many business operators are striving to meet customer needs, continue trading and remain viable. The harder and faster lockdowns mean more businesses are forced to close than under some less harsh periods in 2020. Businesses that must close are realising that they need to be agile and prepared to immediately offer online sales and delivery services.

The need for businesses to pivot to this style of operation and/or uptick in demand for courier services is highly likely to be a reason for sales of light-duty vans to be relatively strong. July 2021 sales figures show a slight drop over June but still above 2020 results. The June figures may be put down to buyers getting in to purchase before EOFY and taking advantage of usual EOFY special offers.

The top sellers in the under 2.5 tonne category were the VW Caddy, Renault Kangoo and Peugeot Partner. In the 2.5-3.5 tonne category it was the classics taking out the podium with Toyota HiAce, Ford Transit and Renault Trafic the top sellers.

With interest rates at record lows, tax measures available and demand for home delivery at high levels, the timing may be ideal to upgrade to a new LCV or purchase your first so your business can handle its deliveries and pick-ups.

Jade Car Loans provides updates on models and light commercial van loans to consider at cheap interest rates to ensure your van delivers not only for your customers but also for your profitability and productivity.

HiAce Upgrades

The Toyota HiAce is currently and consistently a top seller in its category and the new models will include additional upgrades. HiAce models will be fitted with the Toyota Connected Services tech which provides security and safety measures. The system allows for quick alerts for emergency assistance in the event of a collision to be transmitted from the vehicle and in the event of theft.

Other upgrades include a larger console box so operators can safely keep paperwork for quick reference and timely deliveries. The new HiAce models feature the 2.8 litre turbo diesel, 4 cylinder engine. The V6 petrol engine has been discontinued due to the preference for the turbo-diesel.

Buyers have a choice of several model options in both LWB and SLWB with pricing expected from around $47,000 to mid $55,000 plus on roads. These new models are due in September so now would be the ideal time to speak with a Jade Car Loans consultant about pre-approved finance.

LDV Van Options

While not appearing atop the best sellers in this category, the LDV range of vans is reporting impressive growth in sales. A growth pattern which is expected to continue with the release of the G10+ model.

This new model has a 2 litre diesel engine, 8 speed ZF auto gearbox and impressive cargo dimensions. The petrol engine is also available. A 5.2 cubic metre area, 1093 kg payload, two sliding doors, rear tailgate access and optional barn doors on some variants will no doubt add to the appeal of the new G10+.

The LDV G10+ is positioned at a much lower price point than many others in the category and as such, may make an affordable option for businesses looking to edge cautiously into carrying out their deliveries.

Pricing for the G10+ is in the $35,000 to $37,000 plus on-roads range.

Comparing LCVs Based on Loan Repayments

While buyers will have their criteria for selecting a new van, price is a major buying driver for many business operators. That may be the ticketed price of the vehicle or for many, the monthly repayments are the more significant dollar amount.

Comparing the estimated repayments on different price vans can be done quickly and simply by calculating business car loan repayments.

The Interest Rate Calculator enables users to enter the loan amount and term and see the repayment estimates for different loan products. The Loan Calculator adds the extra feature of being able to input a residual/balloon amount and vary all data to see how the changes affect repayments. Allowing buyers to establish how they would like their finance structured about finance terms and balloon percentages.

With our cheap interest rate finance buyers may discover that the more expensive model is well within their affordability expectations.

Sourcing Online Finance

While consumers are heading to online shopping and driving van sales, buyers of light commercial vans can also source their business car finance online. We provide a completely contactless van loan service with our customers able to source loan tools and apply for finance quickly and easily via our online resources.

Simply brief our consultants either over the phone or via our online contact system and we can handle the loan sourcing process for you. If you’re in a lockdown or a lockdown is driving demand for your goods, you can still proceed with your van purchase and finance requirements.

Contact Jade Car Loans 1300 000 003 for a cheap interest rate loan on a new 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.