Used van insurance policies could be more popular this year

Prices for used vans are going up and last month saw the second-highest average ever recorded.

This is according to the BCA Pulse Report, which said second-hand light commercial vehicles (LCV), for which van insurance will be required, reached a mean price of £4,500.

This is a 1.8 per cent fall from the all-time record seen in February - and the positive news continued with research showing fleet and lease values went up to a never-seen-before level of £5,126.

However, part-exchange values dropped by £176 to £2,643, suggesting that drivers who care for this transaction method might want to reconsider to get a better deal.

"The used LCV market has seen an exceptionally strong start to 2010," explained BCA spokesperson Duncan Ward. "If demand stays at current levels we would expect prices to remain firm going forward."

Also covered in the Pulse Report was a small fall in the overall mean price paid for used cars last month.

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