Vehicles can represent a significant cost to a business and a carefully selected funding arrangement can produce considerable savings.
The choice of funding options is wide and each option offers benefits in certain circumstances or to some types of organisation. There are many reasons why an organisation will choose different funding products for its vehicle requirements. An appetite for risk, its balance sheet management and taxation position are just three of the leading factors. Other considerations include capital investment requirements, fleet management capability, loan facilities and distribution of vehicle users.
Your circumstances are constantly changing so it makes sense to review your choices on a regular basis. It may not be that one funding type is right for all vehicles, but a mix of funding options may help give an appropriate balance between optimised financial considerations. Our aim is always to keep things simple and to help you by giving you all the facts on which you can base your decisions.