Commercial Vehicle Financing in the Hills District is Booming

There is no doubt that the commercial vehicle sector is thriving, and commercial vehicle financing in the Hills District is booming to support this and streamline business logistics and processes. Statistics show that the amount of money companies are spending on a commercial vehicle finance is increasing quite rapidly as commercial vehicles continue to hold an important place in modern business logistics.

The most recent statistics show that:

1. The list continues to grow. The SMMT (Association of Motor Manufacturers and Traders) released figures showing that truck registrations increased by almost 25%, while truck demand increased by almost 20% in 2015.

1. The use of light commercial vehicles (LCVs) has also increased. CAP's automotive industry experts have predicted that by the end of 2015, commercial vehicle registrations are likely to exceed 360,000. By using light commercial vehicles, there is no need for tachometers, HGV MOTs, operator licenses, or complicated driver's license laws. There's also the fact that LCVs are much more practical as they are maneuverable, have no weight limitations, and their environmental impact is greatly reduced.

According to the Aus Finance and Leasing Association (FLA), commercial vehicle financing in the Hills Districts totaled $440,000 in August 2015, a 15% increase from 2014. The amount that Australian businesses spend on CV sponsorship is increasing.

What is behind these increases?

• The way consumers buy and receive their products has changed dramatically over the past decade. Communication and digital media have become an integral part of Western society and business, meaning that customers can shop online and have products delivered to their doorstep. This has resulted in a significant increase in demand for shipping carriers and delivery services to meet the unprecedented increase in online shopping.

• The green shoots of the economy are clearly starting to take root, and this is having a positive effect on business. This industry can invest in assets safely and without great uncertainty.

• Investment is further facilitated by competitive pricing, backed by the strength of the pound sterling, which means relatively reduced import costs (many Australian trucks are imported), as well as competition.

How does truck finance for the New Business Hills District benefit businesses?

An important consideration for any business is how financing, such as leasing, can free up capital and allow businesses to invest and grow. Not only can you pay for the vehicle's property over a long period of time, but depending on the deal, you can include some of the cost of the car in your monthly rental agreement or choose whether you want to keep the car for a while or not.

At Mecure Finance, we manage the entire process so you don't have to shop for a competitive quote. With our expertise in all forms of vehicle leasing and financing, we can help you choose the right option for your organization. We will discuss with you your current business challenges and transparently explain how each option can solve your problem. Call us at 0455 373 135 to find out more about commercial vehicle financing in the Hills District.

I am a professional writer. I am sharing my knowledge through this article.