Do used work vans maintain a good resale value compared to typical passenger vehicles?


Quick Answer

Work vans typically do not hold value well as compared to passenger cars and passenger vans, largely due to the lack of options and amenities on most work vans. However, the lower resale value of a work van is somewhat offset by the lower initial price for work vans.

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Full Answer

While work vans do not hold their resale value well as compared to passenger vehicles, their accelerated loss of value provides tax advantages for owners who use their vans primarily for work activities. While depreciation deductions on passenger cars are typically limited, most work van owners can fully deduct the allowable portion of their vans' loss of value from their taxes.

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