The practical answer
Provide enough detail to identify and value the unit, alongside the company’s financial position and intended haulage work.
Useful asset information includes registration, make, model, year, mileage, axle configuration, service history, seller and price. Flag major repairs or changes that affect condition or resale value.
Explain the work and expected utilisation, including existing fleet commitments. A seller’s advertised price is not necessarily the value accepted by a lender, and an inspection or valuation may be requested.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
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