MV Commercial launches asset finance division

MV Commercial has launched an asset finance division to provide flexible funding packages for companies looking to invest in new trucks.

MV Asset Finance will underwrite sales of commercial vehicles supplied by MV Commercial through options, including variable rate, fixed rate and operating lease.

The new division will enable operators to maximise the benefits from changes to the Annual Investment Allowance announced in the last Budget, which increased in January from £200,000 to £1m a year.

Businesses investing in equipment are now able to claim 100% tax relief on their purchases to enable investment in new fleet equipment.

Steven Cairns, managing director of MV Commercial, said: “MV Asset Finance will make it easier for businesses to fund purchases of premium vehicles which offer the highest level of specification, providing for maximum driver satisfaction.

“The fact we’re prepared to underwrite and back the assets we build and supply is proof of our confidence in our product offering.”

Finance will be available on the complete range of equipment supplied by MV Commercial, ranging from crane trucks and tippers to recovery transporters and dropside trailers.

MV Commercial last year opened a new ‘super site’ in Airdrie, which includes a full design and body building facility.