There may be times when the growth of your business is being held back by an inability to deliver orders that are coming in or getting the appropriate staff to onsite meetings – business expansion is hampered by a shortage of commercial vehicles.
Neither is it likely to be just a question of the number of commercial vehicles at your disposal.
In its Industry Outlook for 2019, the British Vehicle Rental and Leasing Association (BVRLA) points to what it calls a “huge pent up demand” for electric freight vehicles.
It also underlines the increasing need for more commercial vehicles to help companies meet the new demands of small and medium sized enterprises and personal customers now using digital technology to make their purchases – and, often, expecting next-day delivery.
Funding the demand
The Federation of Small Businesses (FSB) has warned that the major stumbling block for firms looking to develop and expand their commercial vehicle fleets is the lack of funding.
Indeed, many small and medium sized businesses have discovered that attempting to borrow from banks has become so complicated that only 13% of them are looking for any external funding at all at the moment. 70% of them are prepared to forego opportunities for expansion rather than search out difficult to get finance.
It doesn’t need to be like this, however, because alternative sources of funding are, in fact, available. Here at Forza Finance, we are in the business of ensuring your access to suitable and competitively priced commercial vehicle finance to enable the expanded business opportunities you are eager to create.
Expanding your vehicle fleet
We recognise that commercial vehicles come in a huge range of shapes and sizes – from vans to lorries, from pick-ups to panel vans, from drop-side to tractor units and drawbar HGVs, not to mention an equally wide range of specialist vehicles such as tankers, recovery vehicles, refrigerated units, buses and coaches.
Not only are they widely diverse but each one comes with a different price-tag – whether you are buying new or second-hand.
Your commercial vehicle finance needs to reflect both the price you are prepared to pay for each unit but also the type and cost of finance which suits the particular needs and circumstances of your own company:
Personal Contract Purchase (PCP)
Although you might have been put off by the wariness of other businesses to arrange external finance, if you want to expand your commercial vehicle fleet, we offer several alternatives – at what we believe are competitive market rates.