Truck Finance - Get the Best Solutions from Singh Finance

Are you looking to buy the first vehicle for your business? Or are you trying to expand the fleet of your commercial vehicles? If you have decided to buy a commercial vehicle like truck or trailer, you will also have to decide on the type of truck finance that will be best for your business.

As a business owner, you must remain in the driver's seat and concentrate on running your business. You certainly don’t have time to spend hours running around trying to find truck finance. So, you should choose an experienced finance brokerage firm like Singh Finance.

“The firm has a team of specialised and professionally qualified finance brokers who will do all the running around for you,” said Singh Finance Compliance and Risk Audit Manager Frank Zelasko. “We not only have a thorough knowledge of the finance and trucking industry but Singh Finance can also customise a suitable truck finance arrangement for you, and we can get you into a new truck quickly and easily,” said Mr. Zelasko.

The finance brokerage firm’s truck loan brokers are:

• Experts at understanding your needs and analysing your budget

• Committed to ensuring that the best truck finance solution is always provided to you, and

• Willing and able to provide you with a fast and convenient pre-approval option

So, if you are deciding to buy a new truck, refrigerated lorry, trailer, tipper or transporter (light or heavy) and you are still undecided as to the right finance arrangement to get, you can contact Singh Finance and avail any of the following truck loan arrangements:

• Finance Lease - This financing arrangement enables you to use of the truck, trailer or any other commercial vehicle and the benefits of ownership, while the lender retains actual ownership

• Commercial Hire Purchase - This arrangement is where you hire a truck, trailer or any other commercial vehicle from the lender

• Asset Loan - This arrangement gives you the security of knowing that your truck, trailer or any other commercial vehicle is an asset of your business

Singh Finance leaves no loose ends when it comes to your financial needs. It works closely with your accountants in finding you the best deal. “When choosing the right truck finance arrangement, independent advice from your accountant is important because, the taxation and accounting treatments you choose may vary from option to option,” Mr. Zelasko added.

Truck finance is extremely crucial because if you don’t find the finance arrangement that suits your budget, you will have to pay more than you need to. You could even end up harming your business. So, it is wise to take help of experts like Singh Finance in choosing the best truck finance for your business.

The Complete Handbook for Truck Finance

Trucks, trailers or any other commercial vehicles are important business assets required in the normal day-to-day running of your business operations. As a business owner, you are constantly faced with a number of critical decisions, whereby you have to decide - what is best for your business. So, if you are a business owner you should carefully consider a number of important factors when it is time to get a new truck, trailer or any other commercial vehicle, such as having:

• 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

• Trailer

• 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?

Finance Arrangement

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 truck 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 from a commercial finance broker before choosing any of the truck finance arrangements because, the taxation and accounting treatments you choose may vary from option to option.

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.

Find the right truck finance arrangement with Singh Finance. The firm’s team consists of exceptionally talented commercial finance brokers. They will not rest until they find the cheapest finance for you. Contact now.