>> The right truck that will help to keep your business competitive
>> The right truck for the work required and at the right price
>> The right finance arrangement to buy a truck
Different Types of Truck, Trailer or Commercial Vehicle
Business owners can buy any of the following vehicles:
>> New Truck
>> Refrigerated Lorry
>> Tipper, or
>> Transporter (light or heavy)
Factors to consider before buying New Truck, Trailer or Commercial Vehicle
There are a number of factors you should take time to consider when buying a vehicle, and you should ask yourself the following questions:
>> Is the truck, trailer or commercial vehicle new or used?
>> Is the truck, trailer or commercial vehicle coming from a dealer, auction, or private sale?
>> Has the truck, trailer or commercial vehicle been previously written-off?
>> How many hours has the truck recorded?
>> Is there any money owing on the truck, trailer or commercial vehicle?
>> Are you considering drawing down from your home loan (e.g. equity release) to give you the required cash to buy your truck, trailer or commercial vehicle?
Listed here is a brief summary of the types of finance arrangements available in the market place, and after you have read this article you should find choosing the right finance arrangement to be the simplest decision you will make:
Finance Lease - This financing arrangement enables you (the customer) to have the use of your truck, trailer or any other commercial vehicle and the benefits of ownership, while the financier (lender) retains actual ownership. The finance lease arrangement will also enable you to free-up your capital for other business purposes.
Commercial Hire Purchase - This financing arrangement is where you (the customer) hire the truck, trailer or any other commercial vehicle from the financier (lender). You have the certainty of a fixed interest rate over a set period (i.e. 2 to 5 years) and the flexibility of reduced monthly payments by including a final "balloon" payment at the end of the term.
Asset Loan - This financing arrangement gives you (the customer) the security of knowing that your truck, trailer or any other commercial vehicle is an asset of your business and it offers you the certainty of a fixed interest rate, over the choice of loan terms (i.e. 1 to 5 years).
Seek Expert Advice
I sincerely recommend that you should seek expert advice before choosing any of the truck finance ( http://www.singhfinance.com.au/
If you want to remain in the driver's seat and concentrate on running your business so that you can cover your costs, overheads and running expenses, then look no further and take advantage of professionally qualified and specialised finance brokers, because:
>> They have a thorough knowledge of the finance and trucking industry
>> They have access to many lenders/credit providers as they deal with them on a regular daily basis
>> They can customise the best truck finance arrangement for you
>> They can get you into a new truck quickly and easily
So, if you don't want to spend hours of your valuable time trying to find the right truck finance arrangement, then let a specialised and professionally qualified finance broker do the running around for you.
For an obligation free assessment, please contact on 0424 190 908 or enquire online now. Commercial finance brokers at http://www.singhfinance.com.au will contact you and provide you with the best truck finance arrangement.