909 days ago

The pitfalls of financing assets through a dealer…

Speirs Finance

Dealers or sellers of capital equipment will often offer you a finance solution when you are looking to buy their gear – while this can provide you with the benefit of dealing with less people it may also mean that you end up with a finance structure that is not optimal for your business and that could be detrimental to cash flow.

In most cases Dealers are generally offering finance as a tool to sell you one of their assets – offering finance enables them to retain control of the sale, stop the buyer from going to a competitor dealer for a similar bit of gear, and reduce purchasing barriers. In many cases it will provide additional income from the finance, or in the event of discounted interest rates, reduce the discount they would normally have to provide on the asset being purchased.

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More messages from your neighbours
3 hours ago

Test Your Wits! Today's Riddle Will Keep You Guessing!

Riddler from The Neighbourly Riddler

Only one colour, but not one size,
Stuck at the bottom, yet easily flies.
Present in the sun, but not in rain,
Doing no harm, and feeling no pain.
What is it?

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3 hours ago

Retire in comfort and security

Greenview Park Village

Premium care just meters away form our village. Join our caring community, where passion thrives. Trust Terrace Kennedy House for exceptional care and meaningful connections. Find out more

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