Motor Vehicle Finance
When financing motor vehicles there are many factors that should be taken into consideration that affect the type of finance you choose.
As your business grows, you can find yourself in the situation of having a business vehicle that is showing wear and tear, and proving not to be as reliable as you need. Older vehicles are more likely to breakdown leading to increasing repair bills and the associated loss of income from downtime. This is a real cost to your business.
It is prudent to assess your vehicle requirements on a regular basis, your vehicle is considered an income producing asset.
The correct term, the structure of repayments and the type of facility will relate to the age of the vehicle, the working life of the asset, your tax position, your cash flow and your future plans and requirements.
Mainland Finance are here to discuss with you the best and most appropriate finance to protect your investment and improve your future growth.