As mentioned earlier, new and or used assets being purchased can usually be financed spreading the cost over a number of years.

A company was renting commercial vehicles at a cost of over £250 per week. Alan arranged a credit line for them to purchase used vans with the monthly payments being lower than the weekly rental.

How it works

A haulage company purchases trucks and trailers on finance over 3 three years to spread the cost, knowing that at the end of the finance agreement, it will take ownership of the assets. During the term of the agreement, the assets are used daily in the business and produce income and therefore profit for the company. At the end of the finance agreement, the client takes ownership and then can continue to use the assets, sell them or refinance them.

Typical example

APR 9.7%