MV Commercial has launched MV Asset Finance, to provide flexible funding packages for businesses looking to invest in new premium trucks.
The new asset finance division will underwrite sales of commercial vehicles supplied by MV Commercial on a variety of options, including variable rate, fixed rate and operating lease.
It was set up to enable operators to maximise the benefits from changes to the Annual Investment Allowance announced in the Budget, which increases in January 2019 from its current level of £200,000 to £1m a year. Businesses investing in equipment will be able to claim 100% tax relief on purchases to enable investment in new fleet equipment.
“MV Asset Finance will make it easier for businesses to fund purchases of premium vehicles which offer the highest level of specification, providing for maximum driver satisfaction. The fact that we’re prepared to underwrite and back the assets we build and supply is proof of our confidence in our product offering,” said Steven Cairns, managing director of MV Commercial.
Finance will be available on the complete range of premium-specification equipment supplied by MV Commercial, ranging from crane trucks and tippers to recovery transporters and dropside trailers. These assets are built and supplied by MV Commercial’s team based at the company’s new ‘super site’ in Airdrie, which includes a full design and body building facility through to finished vehicle livery.
MV Commercial also offers a full range of Ready To Go trucks, which will be available under the new finance package.