TRANSPORT FINANCE

1. Improved reliability – New vehicles are likely to be more reliable and and therefore breakdown less. This can reduce the risk in delays of delivery, ensuring goods are delivered on time and in good condition.

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2. Lower operating costs – New vehicles are often more fuel efficient (or even electric). This can result in fuel and energy costs being reduced overtime. With a new vehicle being less likely breakdown, operating and maintenance costs are also likely to cheaper

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3. Increased capacity – A new vehicle may have larger capacity than your existing fleet vehicles enabling you to transport more goods at a time, increasing efficiency and reducing transportation costs.

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4. Improved safety – New vehicles will incorporate the latest safety features and technologies. This can reduce the risk of accidents, creating a safer work environment. Telematics, dash cams and other safety features can reduce the chances of accidents and delays.

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5. Competitive advantage – Investing in new vehicles can help a haulage company stay competitive by providing a reliable, efficient and high-quality transportation service. This can help a business to win new customers and increase their market share.

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6. Brand image – A modern vehicle can show that a company is committed to providing high quality services and give better brand visibility. This can help to attract new customers and retain existing ones.

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