Computer Finance – How, Why and Who?

You’ve made the decision to get your latest computer on finance – and why not, it’s going to do wonders for your cash flow and ensure you get the latest machine.

But how to go about it? Do you go to the computer manufacturer direct? Do you go to the bank? Do you approach a specialist computer finance company? In this article, we look at the different routes available to you to get your computer.

Traditionally, the first place you went when looking for finance would be your bank manager. Computer finance is no different – and your bank will undoubtedly be only too happy to help. But beware of the hidden pitfalls. Banks will generally only lend your business a set amount – and any kind of lending it makes will count towards this. The current economic climate makes banks even tighter on their lending criteria. A tax-deductible leasing agreement, rather than a bank loan, could make more sense.

A number of manufacturers offer finance or computer leasing deals. Apple, for example, offers two options to professional UK customers called “Finance Lease” and “Residual Lease”. If you are happy to be locked into a single manufacturer, these can be worth a look – they often provide upgrade options as well, to ensure that you always have the latest IT equipment. But you will be limited to that manufacturer’s computer equipment so this may not be the best route to go for custom solutions, or where you need a piece of hardware that a manufacturer can’t provide.

Resellers have now entered this market as well, though they generally can’t match the specialist finance companies for flexibility and high APRs are typical.


Get the Right Commercial Truck Finance

Commercial truck financing is good short-term investment plan for those who wish to own or rent to own a big sized vehicle. Trucks may come in many sizes, starting from ones that can transport just one table or semi sized trucks. The act of obtaining such a large vehicle is usually a part of a larger and long-term investment plan.

Commercial truck financing is an ideal option for those who wish to own a truck after a few payments. There are different types of loans a person can choose from including those that make the truck itself collateral for the loan which means that the person can use the vehicle while paying for the same.

Most of the companies offering commercial truck finance ensure good quality service that customers find useful and that which make the entire loan process easy. Most of the businesses have experienced employees who have dealt with different types of problems in this field and can solve the customer’s problems with ease. The act of choosing a financing program is not a difficult one and there are many tools to start an effective plan for any vehicle.
Commercial truck finance has become very easy as all it requires is for the customer to just fill out a form on the provider’s website. Most of the application processes are straightforward and the customer usually can expect a response in two days time. The commercial truck finance company however will try to verify the payment history of the customer. Hence more the information a customer can provide, the easier it is for the company to sanction the loan.

Generally an amount of 2000 to 50000 is sanctioned. It is imperative to compare several commercial truck financing companies for interest rates and choose the one that is low. The borrower may need to submit his bank statements, income letter, employment letter etc. while applying for the loan. Some secured loans may require other assets to be placed as collateral or the truck itself, but the person is always under the risk of losing the collateral if he doesn’t payback.

Commercial truck financing provides cash instead of bad credit. Getting commercial truck financing is similar to getting commercial loan. Any business that is in need of a large vehicle for their business can benefit from such loans without actually putting all their resources upfront to get one. Bernard Linney and HomeCoast Capital open doors for business owners everyday that are not available through most financing options to help businesses grow.