I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Share ideas, best practices, ask questions. No ads here.
Post Reply
edrital
Posts: 8
Joined: Tue May 10, 2022 4:48 pm

I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by edrital »

I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes with an assumed 20 % deposit I have been offered a 12%apr for hire purchase for 4 years. Is that too high or normalize for truck lease. Is it worth trying other lenders and brokers. Ty
kamillex
Posts: 5
Joined: Tue May 10, 2022 4:53 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by kamillex »

Of course you should have at least 3 offers beforehand
walterca
Posts: 6
Joined: Mon May 09, 2022 8:11 am

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by walterca »

What are you buying? And what is the purchase price?
edrital
Posts: 8
Joined: Tue May 10, 2022 4:48 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by edrital »

walterca wrote: Tue May 10, 2022 4:55 pm What are you buying? And what is the purchase price?
it is a numbers game stage no trucks yet. Max purchase price 45k x2
Want the financing sorted first
gheorks
Posts: 3
Joined: Tue May 10, 2022 5:02 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by gheorks »

edrital wrote: Tue May 10, 2022 4:56 pm
walterca wrote: Tue May 10, 2022 4:55 pm What are you buying? And what is the purchase price?
it is a numbers game stage no trucks yet. Max purchase price 45k x2
Want the financing sorted first
edrital, try an asset broker. They are normally much cheaper.
walterca
Posts: 6
Joined: Mon May 09, 2022 8:11 am

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by walterca »

gheorks wrote: Tue May 10, 2022 5:03 pm
edrital wrote: Tue May 10, 2022 4:56 pm
walterca wrote: Tue May 10, 2022 4:55 pm What are you buying? And what is the purchase price?
it is a numbers game stage no trucks yet. Max purchase price 45k x2
Want the financing sorted first
edrital, try an asset broker. They are normally much cheaper.
Jan to March is always quiet. Youve got guaranteed work?
we don't buy Scania but I'm guessing £45k might get you 17/67 plates. Have a look at Maritime although i think to get want top book.. good luck ..
edrital
Posts: 8
Joined: Tue May 10, 2022 4:48 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by edrital »

walterca wrote: Tue May 10, 2022 5:04 pm
gheorks wrote: Tue May 10, 2022 5:03 pm
edrital wrote: Tue May 10, 2022 4:56 pm

it is a numbers game stage no trucks yet. Max purchase price 45k x2
Want the financing sorted first
edrital, try an asset broker. They are normally much cheaper.
Jan to March is always quiet. Youve got guaranteed work?
we don't buy Scania but I'm guessing £45k might get you 17/67 plates. Have a look at Maritime although i think to get want top book.. good luck ..
yes subbing. they want deposit already spoke to them. And yes we are looking at 67 plates however completion for olicence is end of Jan
kamillex
Posts: 5
Joined: Tue May 10, 2022 4:53 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by kamillex »

gheorks wrote: Tue May 10, 2022 5:03 pm
edrital wrote: Tue May 10, 2022 4:56 pm
walterca wrote: Tue May 10, 2022 4:55 pm What are you buying? And what is the purchase price?
it is a numbers game stage no trucks yet. Max purchase price 45k x2
Want the financing sorted first
edrital, try an asset broker. They are normally much cheaper.
Gheorks, thanks
danqpod
Posts: 2
Joined: Tue May 10, 2022 5:12 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by danqpod »

Top book and more
69plate Volvo 6x2 £81k 200k
Merc 66plate 7p0k £31k and not realizing anything till end of January early feb as of when I rang.
edrital
Posts: 8
Joined: Tue May 10, 2022 4:48 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by edrital »

pointed me to one good one we can do the application next week. Thanks.
gheorks
Posts: 3
Joined: Tue May 10, 2022 5:02 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by gheorks »

edrital wrote: Tue May 10, 2022 5:14 pm pointed me to one good one we can do the application next week. Thanks.
congratulations
edrital
Posts: 8
Joined: Tue May 10, 2022 4:48 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by edrital »

gheorks wrote: Tue May 10, 2022 5:15 pm
edrital wrote: Tue May 10, 2022 5:14 pm pointed me to one good one we can do the application next week. Thanks.
congratulations
The only thing is they do a hard search on credit file which is fine but if we decide to try elsewhere it is possible to get rejected same with mortgages and hard searches.
edrital
Posts: 8
Joined: Tue May 10, 2022 4:48 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by edrital »

danqpod wrote: Tue May 10, 2022 5:13 pm Top book and more
69plate Volvo 6x2 £81k 200k
Merc 66plate 7p0k £31k and not realizing anything till end of January early feb as of when I rang.
what do u mean?
walterca
Posts: 6
Joined: Mon May 09, 2022 8:11 am

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by walterca »

danqpod wrote: Tue May 10, 2022 5:13 pm Top book and more
69plate Volvo 6x2 £81k 200k
Merc 66plate 7p0k £31k and not realizing anything till end of January early feb as of when I rang.
Wouldnt touch a Merc without r&m.... Didn't like their repair costs... I'll stick with MAN...
siekjobs
Posts: 3
Joined: Tue May 10, 2022 5:32 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by siekjobs »

7% is about average for a new start with a good deposit, get a good broker
edrital
Posts: 8
Joined: Tue May 10, 2022 4:48 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by edrital »

siekjobs wrote: Tue May 10, 2022 5:33 pm 7% is about average for a new start with a good deposit, get a good broker
really helpful. Ty
siekjobs
Posts: 3
Joined: Tue May 10, 2022 5:32 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by siekjobs »

edrital wrote: Tue May 10, 2022 5:33 pm
siekjobs wrote: Tue May 10, 2022 5:33 pm 7% is about average for a new start with a good deposit, get a good broker
really helpful. Ty
try Scollick finance Huddersfield
edrital
Posts: 8
Joined: Tue May 10, 2022 4:48 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by edrital »

siekjobs wrote: Tue May 10, 2022 5:34 pm
edrital wrote: Tue May 10, 2022 5:33 pm
siekjobs wrote: Tue May 10, 2022 5:33 pm 7% is about average for a new start with a good deposit, get a good broker
really helpful. Ty
try Scollick finance Huddersfield
I am already going with a broker but thank u hope they can match something like this as they are doing a hard search so can t have too many done.
mamage
Posts: 2
Joined: Tue May 10, 2022 5:39 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by mamage »

Much cheaper to take a personal loan (assuming you've got good credit score) and lend the money to the company as a director's loan (which you can later withdraw tax free) and buy a truck for cash. Or with higher deposit and lower interest. But with current prices and lack of equipment on the market I'd probably just hire an unit for a time being and wait for prices to get back to "normal" level.
carmerion
Posts: 7
Joined: Tue May 10, 2022 5:42 pm

Re: I will be quite vague but it would help if you could help me out as to whether it is worth getting other quotes

Post by carmerion »

12%!!!!!! Shop around for sure. We got 4.9 recently.
Post Reply

Return to “Haulage companies | Owner-drivers and fleet owners | General discussions”

Who is online

Users browsing this forum: No registered users and 1 guest