Trailer leasing cheaper Limn cash or hp
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0 Group representation, resulting from he recent formation of Cravens Industries ales Ltd, the national marketing rganization for Cravens Homalloy and "askers Trailers (CM last week), has nabled the company to offer special leasing acilities through a well-known finance ouse.
CIS states that the scheme is available )r the complete range of semi-trailers tanufactured by the group's factories. Its bject is to make it possible for the haulier renew his vehicles without having to ivest working capital. At the conclusion of ie leasing period, the company will make a ivourable allowance on the existing or new 'alters.
Commenting on the scheme, Mr Roger Forth, financial director of Taskers Trailers ad secretary of Cravens Industries Sales, aid that the arrangement could prove much lore economical than cash or hire purchase ansactions. He gave as an example a Dmparison over a three-year period
between cash, hire purchase and leasing on a trailer costing £1000. On a leasing arrangement it would cost £798 as compared with £887 under hire purchase and £825 for cash.