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An Alternative Funding Solution for Purchasing Goods

 

A relatively new product has come onto the financial market which allows buyers and sellers of goods to trade through an online finance platform.  If you are looking to purchase goods from the UK or Abroad, this may be for you. 

The Troman Guide to Car Finance

When looking for a new car, many people go their local dealers to find the car they are looking for and will shop around to ensure they get the right deal.  Many cars are paid for by Hire Purchase (HP) and this is just one of the finance options available when looking to fund a car. 

 

A Quick Guide to Leasing

At various times in a company’s life there is the need to buy new equipment.  You may either buy the equipment outright for cash or there are several different options available to acquiring this equipment and this will depend on your company, what equipment you wish to acquire and whether you wish to own the equipment or are happy to lease it and then sell it or return it to the finance company.   To decide whether it is better to buy or lease or indeed if you would be eligible for leasing you need to be clear on a number of things;  

The Depreciation of Cars

When buying a new car, we usually have a few makes and models in mind.  We all have our favourites.  You should however also consider how long and what you are going to use your car for.  Are you someone who likes to change their car every 3 to 4 years or do you buy a car and then keep it for as long as it doesn’t cost too much to repair, say 10 or more years?  If you are the latter, and use a car until it is very old you do not need to worry about the depreciation of the car as unless it is a classic and in very good condition, the high mileage and age of the vehicle will mean you will you will only get a fraction of what you bought it for.

However if you are someone who likes to have an up-to-date model every 3-4 years then the depreciation of a car should be at the front of your mind when buying or leasing one.  All cars depreciate and the biggest depreciation is normally as soon as you drive a brand new car of the forecourt.

When you decide to sell your car, the depreciation which has occurred will depend on several different factors and these boil down to the make and model of the car, the mileage, the condition, service history and specification.

Deal of the Week 

     

Isuzu D-Max Utah.

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Troman Finance Limited is authorised and regulated by the Financial Conduct Authority for credit-related regulated activities.  Firm reference number 668753.  Troman Finance Limited is a credit broker, not a lender and work with a panel of lenders.  Troman Finance Limited is a company registered in England and Wales; company number 2564927.  Our registered address is 4 Stirling Court Yard, Stirling Way, Borehamwood, Hertfordshire, WD4 2FX.  Information Commissioners registration Z6891335.  VAT registration number 596 1125 30.

 
      
 
 
  
   
 
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