Address:

128 City Road, London, EC1V 2NX

Email:

info@thebusinessfunds.co.uk

Address:

128 City Road, London, EC1V 2NX

Email:

info@thebusinessfunds.co.uk

You must be tired of managing all those business responsibilities. And then, a new business project comes in the form of purchasing a pick-up truck, and the first thing you will think about is the price. Yes, the purchase price for a pick-up truck is humongous.

It has its reasons, though. You don’t get to own that heavy machine with all those utility features at a cheap rate, do you? Even if you could, it wouldn’t have been a justified purchase. However, how would you justify the fact that your business is probably running low on financing, and yet it needs a pick-up truck immediately?

Looking for a Pickup Truck Finance Makes Enough Sense If You Want to Stay Financially Organised

Here is where we might understand a simple fact. If you don’t have money to own your pick-up truck, then you will need some financial assistance. Even if you cancel the idea of owning it and choose to lease it, you would have to deal with large amounts of money, which is a stressful financial condition and not good for your brand.

Here is where you can get financial assistance through a loan. Finding one of the right asset finance providers is a must. An asset finance provider will help you borrow an amount of money to own an asset (in this case, a pick-up truck) according to the current financial value of the asset. In that regard, pick-up truck finance is plainly a secured loan with the truck as collateral until you repay the full loan amount.  

We have been one of the most trustworthy asset finance providers in the UK for a really long time serving businesses all over the country. We work by the whole-of-market approach that brings in multiple lenders with different rates for our borrowers. They might choose the rate they want and own/ lease their pick-up trucks.

We can discuss more about this later. However, below mentioned are a few of the reasons an option of pickup truck finance can help your brand out. Read them thoroughly till the end of this post:

. You Can Pay for Your Truck in a Bad Credit Situation

Many businesses – small, medium, or large enterprises – in the UK suffer from the issues of poor credit scores. It does not help these brands get fantastic credit card benefits and discounts. Added to that, a poor credit score will make a brand pay a pretty good deal of money as penalty charges. For something like a business, the charges can be et considerably high.

In such a situation, the business owner may not have positive control over the finances. Therefore, making a large purchase, such as owning or leasing a pick-up truck, can be even more difficult. However, truck finance providers can solve this issue by helping you take out a secured loan option even with a poor credit score. You need to supply evidence of your business’s income for that. If you can manage to repay the loan in partial instalments using the revenue, then the asset finance providers can go beyond a poor credit score to send you a loan and that too quickly. 

. You Can Own/ Lease a Pickup Truck If You Have Limited Capacity 

Let’s imagine you are new in this industry and have not yet made the exact business savings to pay for a pick-up truck. Pick-up truck finance works greatly in this case. A loan of this kind distributes the cost of the pick-up truck in small (and therefore, bearable) instalments so that you can use part of your business revenue to make payments for them.

. You Do Not Need to Resale Your Already-Existing Pick-Up Truck for Maintenance 

Maybe, for an accident or other unfortunate matters, the pickup truck that you already own has been damaged. You need a large amount of money to repair it. You might need the same type of funding for maintaining a truck or a fleet of them in case they are one of the most significant assets for your brand.

We need to know more about this topic then. An option of pickup truck finance not only helps you own or lease a vehicle, but it can also aid you in maintaining or repairing your existing one. All you need to do here is to use this truck as collateral to get a loan and share your brand’s income-related details. 

. You Can Use Your Old or Existing Vehicle to Own or Lease a New One 

Are you the kind of business leader who is known for making smart moves? Well, you can now do that with pick-up truck financing as well. We will take you back to the previous point and present a more complicated situation. You have an old pick-up truck that has been working for a long time. Its maintenance has become too expensive, and it might not be as efficient as a new one. Based on your business’s standards, you might make good profits if a new vehicle joins your fleet.

In this case, asset finance providers can easily help you with a loan by asking you to use your old vehicle as collateral. You can take out the money in this way and can pay for your new pick-up truck immediately (if there is a good offer you have just spotted). Isn’t that a good idea?

. You Might Borrow Money Securely 

You can look for money, and hundreds of sources might be available to lend you cash right now. However, the market is full of fraudulent activities, too, and you don’t want to make insecure borrowing when there is a large amount and your business data included, do you?

This is why choosing authentic asset finance providers like us can help you. Neither will you be the victim of fraudulent lenders or loan sharks nor will your business data have to be compromised.

Speak with us if you have any queries regarding pick-up truck funding. We can help you with multiple options you may not have considered now. Let us know your requirements, and we will help you in the best possible ways to help you. 

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