Residual values on used trucks and vans taking hit

Recent news from Lloyds TSB Autolease and Northgate illustrates the plumetting of used vehicle prices at present. These two big van rental companies have written off millions in residual value write-downs and the anecdotal word on the street is of a collapse in values in the truck sector. One medium-sized rental company confirms trucks which had previously been scooping £25-30k from the market this time last year, are now lucky to be making £10k. Good news for buyers - if only there some active...