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Mr Walton buys another van

7th July 1961, Page 77
7th July 1961
Page 77
Page 77, 7th July 1961 — Mr Walton buys another van
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Tom Walton needed a new van. Needed it here and now.4 But he couldn't afford here and now to pay the full price. So what was he to do ? He could do one of two things. First —wait till he could afford the full cash price — several hundred pounds or so. By which time he might have missed the chance to add much extra business, losing substantial profits.

Second— he could buy the van on credit through U DT (which is, in fact, what he did). Of course it meant he paid a little extra: but that extra was nothing to MI extra profits or having the van this year instead of next. And U DT also finance the road tax and insurance, spreading these payments too over the months.

By the time he makes the final monthly payment to UDT, Tom Walton expects his van to have paid for itself. Maybe there's no such thing in business as having your cake and eating it —but buying on credit through U DT comes very, very close !

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