Asset Alliance Group’s bus and coach division has reached a major milestone in its history after exceeding £500 million in funding vehicles for the sector. The transport solutions specialist has financed more than 2,500 buses and coaches since Forest Asset Finance was acquired by Asset Alliance Group in 2015. Spearheaded by founding directors, Michael Bycroft […]
Financing 101: What is Contract Hire?
If you want to finance one or several vehicles, commercial vehicle contract hire is the perfect solution for business owners who want truck or HGV finance without the burden of managing maintenance and servicing costs, or trying to forecast future market values. In an increasingly competitive market, organisations are focused on streamlining costs in 2023. […]
What is an operating lease?
Wondering how to finance your commercial vehicle assets? An operating lease is tailored to meet your specific needs with monthly payments over a pre-negotiated term, usually from two to seven years. With an operating lease, you have the use of an asset but no rights of ownership. You are responsible for all vehicle maintenance and […]
Financing 101: What is a Finance Lease?
If your business needs commercial vehicles or equipment but doesn’t have the accessible funds to pay upfront, or you simply don’t want to pay for a vehicle outright, a finance lease lets you hire assets and make monthly rental payments instead. Vehicle costs are one of the largest overheads in business, and saving money on […]
Financing 101: How to finance your commercial vehicles in 2023
Whether a single trailer or a fleet of HGVs, there are several ways to finance a commercial vehicle investment without compromising your cash flow. The number of businesses investing in new equipment to improve efficiency, comply with legislation and meet demand is growing. According to the Finance and Leasing Association (FLA), asset finance new business […]
Asset Alliance Group aids construction equipment firm’s cost-cutting drive
JMS Plant Hire has added two new DAF XF 530 Super Space Cab 6×2 tractor units and three new Nooteboom 3-axle stepframe trailers, supplied by Asset Alliance Group, to its growing commercial vehicle fleet. The North Lanarkshire company has taken delivery of the trucks on a three-year contract hire deal, while the trailers arrive on a […]
The Grampian Truck Show is Back for 2023
Places at the Scottish trucking favourite are already sold out, but please visit the show’s Facebook page to leave your name on the reserve list. We’re thrilled to announce that the Grampian Truck Show, supported by Grampian Continental and Asset Alliance Group, is back for 2023. The event will take place on the 22nd […]
3D Trans Ltd sees crystal clear results from new Scanias supplied by Asset Alliance Group
Cheshire haulage business, 3D Trans Ltd, has added five new Scania R500 6×4 tractor units to its fleet from Asset Alliance Group. Supplied on a three-year full-service contract hire deal, the Scanias join a mixed fleet at the Widnes-based storage and transportation services company – including 15 MAN and seven DAF trucks – that are […]
Embracing technology is providing platform for growth
Ian Pakeman, Head of Technology Development I’ve been told that I’m a great example of rising through the ranks in our business, and after about 15 years at the company I recommend it as a great place to work. I started in a position that involved checking vehicles in and out. Since then, I’ve probably […]
Asset Alliance Group’s director of asset management, Marc Mellon on how lenders are having to adapt.
Total cost of ownership might make a good business case but it doesn’t help cashflow or make credit lines more elastic. So how will operators finance these enormously expensive vehicles? Is there sufficient elasticity in the market, sufficient lending appetite? “In terms of HGVs powered by electric, we are still some years away from these […]