If you own a business, a van is an unavoidable expense. Beat the COE hikes, and purchase a van with the lowest depreciation!
With so many options available on the second-hand market, it can be difficult to accurately determine which are the LCVs that’d lose you the least money in value annually. At gowherebuyvan, we’ve done the legwork for you – here’s our list of the top 5 vans with the lowest depreciation!
5. Honda N-Van – Average Depreciation $8,390
Quite possibly one of the cutest vehicles on our road, the charming (and affordable) Honda N-Van ranks number 5 on the list of commercial vehicles with the lowest depreciation in Singapore. These tiny vans are packed with quirks, which include pillarless passenger side doors and even keyless entry. They may quite possibly also be the cheapest brand new van that you could purchase today.
Launched back in 2018, these kei vans are available only through Parallel Importers. Every N-Van comes with a 660cc three cylinder engine, and most (if not all) that have made their way here have a CVT transmission.
4. Nissan NV350 – Average Depreciation $8,130
The first (and only) full-sized van in our list. Nissan’s latest NV350 has been in production since 2012, undergoing not one, but two facelifts in its lifetime. The first was back in 2017, and the second was in 2021. They have been used here in various wheelbases and configurations, including as vans, minibuses and even ambulances.
Units with depreciation as low as $8,130 are usually 2.0-litre petrol autos, registered anywhere from 2021 to as recently as earlier this year. 2.5-litre diesel models also exist, but they are usually manual and are of an older vintage.
3. Fiat Fiorino – Average Depreciation $7,920
The Fiorino is physically smaller than the Doblo, and was introduced much later than the latter too. You are likely to chance upon a unit that is still on its original COE cycle, as the vast majority of these vans were imported back between 2017 – 2018. Fiat facelifted the Fiorino, originally launched in 2007, in 2016, so most Singapore-delivered units have had the revisions.
All Fiorinos came with a 1.3 litre Multijet engine that develops 76 bhp. This power is then sent to the wheels through an automated manual gearbox. They share many mechanical components with its larger Doblo cousin, so you’d probably not struggle to find spares too!
2. Fiat Doblo – Average Depreciation $7,650
Is a kei van too small and underpowered for your needs? The Italians will come to your aid, with the second generation Fiat Doblo. Most examples can now be had for less than $7,700 in annual depreciation, presenting great value for a minivan. Production of this van started in 2010, and a facelift was introduced in 2015.
Most of the Doblos still on our roads have had the facelift. Two variants can be had, ranging from a 1.3 litre engine that develops 89 bhp, or a fruitier 1.6 litre lump that chucks out 104 bhp. These vans were also badged as Opels locally, so parts support shouldn’t be an issue!
1. Suzuki Every – Average Depreciation $7,400
This kei van is perhaps the most common commercial vehicle on your online used car classifieds today. Two distinct models can be had, both with very similar rates of depreciation. The older fifth generation Every models were built between 2005 – 2015, though most of the vans of this vintage registered locally were imported between 2007 – 2009. This means that the older Every vans would already be on their second COE cycle.
The sixth generation Every can still be had brand new, though not at the attractive rates that the resale market can offer. Production started in 2015, and the bulk of the examples on sale today were registered when COE prices were lower, back in the 2020 – 2021 period.
You Don’t Have to Break the Bank to Run Your Business
COE prices may be ludicrously high, but these five vans are proof that you can still acquire a set of wheels at a palatable price tag. In the current climate, they are already incredibly affordable, especially if your business needs the cargo capacity, so imagine how much cheaper they’d be once COE premiums are sensible once again!
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