Rent or Buy? Calculating the Cost of a Moving Van
When you are moving to a new address, one of the biggest choices you have to make is about the type of vehicle you need. If the volume to be moved is large, you will probably need a moving van. When making your choice of whether to rent or buy a moving van, you need to know the cost of each option. This article will provide you with information to help you make the best choice – by calculating the cost of a moving van.
Total Cost:
$?
Renting a Moving Van
Renting a moving van can be a good choice when you need a functional and reliable vehicle for a short period of time. Its cost is usually the main factor that determines if you will rent or buy a moving van. The hourly rate for a full size van rental is usually between $19.99 and $29.99, depending on the rental season. The daily rate for a full size van is usually between $99.99 and $169.99. Alternatively, some companies offer a flat-rate of unlimited miles for one day. The costs may vary according to the company and location of the rental.
Buying a Moving Van
Buying a moving van might seem like a much more expensive option than renting, but depending on your situation, it might be more cost-effective. The cost of buying a used large van is approximately between $15,000 and $25,000, but it greatly varies depending on the make, model, age, and condition of the van. Depending on the size of the van, its fuel consumption may vary too. The cost of gasoline per mile can be around $0.62/mile and would need to be took into account when evaluating the different options.
Calculating the Cost of a Moving Van
Before making a decision on whether to buy or rent a moving van, you need to calculate its cost. To do this, you should need to consider the following factors:
- The size needed for the vehicle
- The distance you need to travel and its gasoline cost
- The amount of time you need to use it for and its rental rate
- The cost of investing in a new or used van (including its potential maintenance costs)
These factors are all essential in calculating the cost of a moving van. Answering them will help you determine if it is better for you to rent or buy a moving van. For people who frequently need to use a moving van, such as professional movers, it is usually more cost-effective to invest in a new or used van.
Online Moving Cost Calculators
To help you make the right decision and calculate the cost of a moving van, there are several specific online tools and calculators available. The Moving Van Cost Calculator from Moving.com is one of these tools. This calculator allows you to easily compare the costs of different van sizes, and gives you useful information to make the financial decision. Some other companies also have moving cost calculators, but it’s important to remember they might not include all the necessary information. It is also worth noting that these calculators are not meant to replace the advice from a professional moving company.
When it comes to the moving van size, it is important to make sure you don’t underestimate the size of van you need. A bigger van is better for bigger projects, as it will reduce the number of trips and increase the amount of belongings one can move. The cost of the move depends largely on the size and length of the van you choose.
Conclusion
Calculating the cost of a moving van is the best way to determine if it is better for you to rent or buy one. Before making any decisions, consider all the factors involved. Online calculators can be a good resource, but they are not a replacement for the advice of a professional. When it comes to the size of the van, make sure you choose one with the right capacity to ensure the move goes smoothly and without any additional costs.