Evening all, just wondering where people go for plant finance especially when buying off a private seller (jcb finance only interested if buying off dealer)?!
I bought my van less than a year old . It was a private sale. Lombard would only finance through a dealer. I used my set aside vat and tax money to make the purchase and then financed it with them the next day . It was actually very straightforward. Finance amount was small though approx third of purchase price.That sounds like owning it with extra steps
done the same with the odd crane ... made more sense than digging a large hole in the working capital, by spreading it out .... £30-40k was a chunk in the 90,s, 00,s ... lombard used to be big players in the plant/equipment finance game back then -- and understood equipment valuesI use Lombard . I did need to purchase it first and then finance it once I owned it.
I’ve worked with them for years and they have always been brilliant but recent quotes they weren’t as competitive