So which Funding option is right for you?
Complete Independent Advice
As an independent company with no ties or allegiance to any one manufacturer, dealer group, bank or leasing company Fleetadvice can provide a centralised sourcing service to meet the needs of any acquisition policy. However, the supply of a vehicle is only the final element in a process that can encompass policy formulation and administration, validation of driver entitlement, meeting individual driver needs, through to co-ordination of secondary suppliers for items such as mobile phones, tracking systems, and safety equipment.
Fleetadvice will consult with you, listen to your full requirement, analyse them and then recommend what is right for your business, in terms of cost, balance sheet, cash-flow, driver & business requirements and VAT & Corporation Tax liability, not simply what’s best for us.
Whichever method you currently use, Fleetadvice will review your policy and highlight potential cost savings from either a change in funding method, by tendering your forthcoming replacement requirements on your behalf or using our relationships with major funders & manufacturers to gain preferential rates.
The choice of funding method must be investigated, choose the wrong option at this stage, and you are already at risk. There is possible not one single funding method, which will suit all of your company requirements. A mixture of both Leasing & Purchase options may prove financially beneficial to your business; however, the ease of operational issues for drivers and key personnel may over ride those savings.
Consider the following
- Balance sheet - company gearing - return on capital employed
- VAT - company borrowings - cash flow
- Driver support & ease of maintenance fulfilment
- HR - Corporate Manslaughter Act & Duty of Care
- Vehicle use & optimum resale times