Running a transport company can be a lucrative business, and a haulage company comprising of trucks and HGV or LGV vehicles has the chance of generating a considerable amount of business in terms of money. A truck company that has a fleet of hauling trucks is a fine business proposition, and there are financial institutions that provide Truck Finance that make it easier for startup or small businesses to obtain the trucks they need. This kind of loan can be obtained from an Asset Finance company that will buy the vehicles on your behalf and then let you use them on a rental basis that is fixed under an agreement.
The truck financing by the asset lending companies is a dedicated finance, and you can usually get the finance within a working day. The process of vehicle finance or refinance has been made easy in order to facilitate customers, and speed has been given emphasis as time is vital for such businesses. It is usually a struggle when you attempt to gain finance for buying vehicles from the conventional avenues as it requires several guarantees, a good credit history, a volume of paperwork and other pledges. However Asset Based Lending companies are quick to complete the task and irrespective of the financial status and ranking of an individual or company, they usually approve the application to deliver within 24 hours.
This sort of financing includes cars, trucks and HGV or LGV transporters and some more types of vehicle in between, and the quick delivery of the finance ensures that the business begins at the earliest possible time. HGV Finance is very useful as it offers companies more chance of recovering their investment. Long haul vehicles such as Heavy Goods Vehicles which have the capacity to haul 3,500 kilograms to 12,000 kilograms are manufactured by high profile companies like Mercedes-Benz for commercial hauling purposes. These vehicles can prove to be money spinners as they are rare breeds that very few transport lines offer for hauling services. So, if you are in the goods hauling business and are already running a truck line, then it would be an additional bonus to have an HGV or LGV join your fleet as it would bring you more business in terms of volume and money.
Running and maintaining LGV or HGV transport is a specialised business as it requires expert drivers and mechanics to drive and maintain such machines, but when it comes to rentals they are top of the list for most people as they fetch the highest amount of hauling rent in the country.