Spring is in full swing! We are happy to help you provide a clear path for your customers towards vehicle ownership. Take advantage of our robust program so they can enjoy the open roads this season. Visit exeterfinance.com for more details.
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It's Thursday, it's 09:00, and yep, another sorry not sorry explanation is needed to the shareholders. So our last stop on parking is the Lease Agreement, Arguably the most powerful tool to add value to a car park. 💪 In the pre-COVID days this was probably the first stop for any car park owner, you had the big operators in the space climbing over each other to secure sites on 15-30 year terms with no breaks, offering a landlord phenomenal covenant strength. I need not remind anyone what happened next, but the result is a lot of operators lost a lot of money, and as a result getting terms better than 10 years with a 5 year break has become very difficult. So if the overall value and security aren’t there anymore why would you go through the hassle and expense of entering a lease? 🤷��️ Well, there are still some very attractive elements to a lease, even a shorter one: 1. Fixed consistent cashflow You know what you will get every month, no matter how busy or empty the car park is. 2. Zero running costs The lease will be full repairing and insuring, so no unexpected maintenance bills. 3. You can borrow against it That fixed passing rent is attractive to lenders, so definitely the path of least resistance if you have leverage on a site. Obviously there are some drawbacks: ❌ They are less flexible, and expensive to exit early. ❌ The cashflow could be a lot less than what you would receive from say a profit share agreement ❌ Getting longer terms is much harder Ultimately if you value stability and a hassle-free experience, the Lease Agreement could be for you. Just make sure you know how to get the best terms from the right operator! And that brings a close to the foundation in parking! Hopefully, this has sparked some ideas on how you can squeeze a bit more juice out of your portfolio. If you found this useful, please do let me know in the comments! 💬 #LeaseAgreements #PassiveIncome #ParkingOperations #PredictableRevenue #LandlordLife
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🚗 Did you know 60% of Property Managers prefer a fully maintained company car over a car allowance? Subscribe to receive PropertyMe's Monthly Insider and vote on this month's question 👉 https://lnkd.in/gJKCbBVf See the full breakdown of each question in our Monthly Insider — with surveys each month on the topics affecting Property Managers, as well as insights and reflections on property management in Australia and New Zealand.
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𝐏𝐫𝐨𝐬 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬 𝐨𝐟 𝐅𝐫𝐞𝐞𝐡𝐨𝐥𝐝, 𝐋𝐞𝐚𝐬𝐞𝐡𝐨𝐥𝐝 𝐚𝐧𝐝 𝐅𝐥𝐲𝐢𝐧𝐠 𝐅𝐫𝐞𝐞𝐡𝐨𝐥𝐝 🏡🔑 Ever wondered what the terms freehold, leasehold and flying freehold mean? Let us explain. Full insight here: https://lnkd.in/gbZDhUHf #basingstoke #belvoirbasingstoke
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Easter weekend, traditionally the turning point, where coach operators head into their lucrative Summer season. Where the snow chains are put into storage, carpets are put back down and drivers look forward to returning to better driving conditions, higher standards of accommodation and the return of inbound tourists and the rewards that come with them. It also marks the new financial year and the challenges that come with it. Rumours of Vanhool facing financial difficulties. If anyone has ever been to their factory in Lier, Belgium, they will understand the magnitude of the situation if they were to cease trading. Like most coach operators, Vanhool are a family business and if news stories are to be believed they suffer the same problems most 3rd generation family businesses do. British coach builder, Plaxton are also rumoured to have paused coach production and with new vehicle availability scarce and very long lead times on orders for new vehicles it makes prioritising financial planning more crucial than ever this year. Scania, Volvo, Mercedes, Yutong, Irizar, VDL, Temsa and Neoplan are all still prominent in the UK coach sales market, and all have their challenges to serve their customers needs. From an operators point of view they have their own challenges with Euro 6, CAZ, PSVAR, and the usual driver shortages. Clear financial planning is essential to keep your business on an even keel to navigate the challenges that lie ahead. With Asset Finance, Refinance, Invoice Finance, Commercial Loans, and Sale and Lease Back deals available at ever decreasing interest rates both fixed and variable, there is help available to navigate both growth and turnaround projects for businesses in a difficult situation. To discuss your requirements with someone who understands your industry, please don’t hesitate to contact me.
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🚗 Last week, I hired a 1974 British Racing Green Mini Cooper. It’s a timeless beauty, much like the classic two-bedroom apartments in Sydney's Eastern suburbs. 🏡 These properties, just like the Mini, are always in demand and loved by many. For just $275 for the day, I got to enjoy the Mini without worrying about costly maintenance or insurance. Even renting it once a month for a year costs less than three grand. This shows that you don’t need to own an asset to enjoy it fully. A lot of the time, renting can be more economical and stress-free. This parallels my approach to property. I rent where I want to live and use the money instead to invest in blue chip properties. 📈🏠 Whether it's cars or properties, sometimes the smart choice is to rent, not own. 🔑 If you want to learn more, I have a free book you can download called "How to Live the Life of a Multimillionaire... Without Being One". Get your copy now https://lnkd.in/gdvkPmD7 #ClassicCars #PropertyInvestment #Rentvest #YourEmpire #RentNotOwn
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Priorities may be a little off! Look, we know the interest rates 'aren’t the best,' but there’s 100 more benefits of owning than renting. Buy today and you’ll be thanking yourself in a few years. 👉 Follow me for more valuable tips!
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🚗 Last week, I hired a 1974 British Racing Green Mini Cooper. It’s a timeless beauty, much like the classic two-bedroom apartments in Sydney's Eastern suburbs. 🏡 These properties, just like the Mini, are always in demand and loved by many. For just $275 for the day, I got to enjoy the Mini without worrying about costly maintenance or insurance. Even renting it once a month for a year costs less than three grand. This shows that you don’t need to own an asset to enjoy it fully. A lot of the time, renting can be more economical and stress-free. This parallels my approach to property. I rent where I want to live and use the money instead to invest in blue chip properties. 📈🏠 Whether it's cars or properties, sometimes the smart choice is to rent, not own. 🔑 If you want to learn more, I have a free book you can download called "How to Live the Life of a Multimillionaire... Without Being One". Get your copy now https://lnkd.in/g-RjZ-kj #ClassicCars #PropertyInvestment #Rentvest #YourEmpire #RentNotOwn
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Partnering with GMs to Make Smarter Money Decisions | Invest Wisely | Mitigate Unnecessary Tax Exposure
Where do you stand? People tell me everyday I want to do X I want to have Y I want to retire in Z years Only a few are willing to do something about it. This applies to selling cars. Building Wealth. Saving on Taxes. Strengthing Relationships. What actions are you taking today to be in a different place tomorrow? buildwealth #sellcars #autos #dealerships #1%
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Wow. This shows how much property has risen in value. Back in 1933 cost of a house in London was around 2 cars. Now it’s around 2 super cars!! This shows how the car industry has changed in the time and the benefit of lean production techniques but also shows the rising demand and lack of building of houses in the UK. It also shows what a great investment property is for capital appreciation. If you are looking for some passive income on your cash, send us a DM and let’s have a chat. #propertyinvestment #passiveincome #capitalappreciation #socialhousing #socialimpact
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It's interesting to compare the cost of a default 20mph urban/village limit against the money lost in the first year of car ownership for a nation. For Wales in 2023 it was 66,671 new cars at ave cost £27,000 = £1.8bn with 25% 1st year depreciation =£450m v £33m for 20.
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