Used LCV: Risks and Benefits

Light commercial vehicles are mainly used by small and medium-sized enterprises (SMEs). Said transport serves as a B2B work tool. It plays the increasing role of moving goods and services locally and regionally.

The LCV market sector is prominent in a way that indicates the health of the country’s economy. The greater the demand for commercial vans, the more popular are the products offered by their owners.

Some major companies often purchase new trucks when there is a need for upgraded vehicles with a high level of reliability and low emissions.

As for the used car market, it is quite competitive due to the profitability of such offers. Plus, these trucks are durable enough to withstand several ‘commercial lives’.

Buying a used LCV you should be aware of the possible risks. According to statistics, 1 in 4 vans have at least something to hide, 1 in 8 vans still have a financing agreement (so the legal owner can claim the vehicle back), it is likely that 1 in 17 vans Has been damaged in an accident and given a write-off status by an insurance company (yet repaired and returned to the road).

To avoid risks, there are special services (for example, HPI Check in the UK) designed to investigate the history of the vehicle.

The Economic Benefits of Used Light Commercial Vehicles Justify the Risks. But the process of choosing a quality, clean van with moderate mileage requires a lot of effort and technical expertise.

The light commercial vehicle division typically includes 2 main categories. The first is based on the distances involved. It is essential that urban delivery vans cope with heavy traffic and narrow streets and have easy access to the loading area. In the case of intra-urban delivery, the higher load capacity takes the lead while maneuverability is of lesser importance.

The second category involves functionality. Single service models are chosen when there is one main task: moving passengers or cargo. Multi-service vans, in turn, can be adjustable for both functions. This division influences the interior design and determines or eliminates the need for an extra row of seats, a partition, a sliding side door, etc.

The financial aspect combines the price of the offer itself and the running costs. In addition to paying a lump sum for a van, there are options such as contract rental or lease route.

The price range of used vans for sale on the LCV market tends to fluctuate throughout the year. Traditionally, it is characterized by summer seasonality when prices rise. Although recently, the impact of seasonality has been minimized.