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Posts by Speirs Finance
835 days ago

Asset loans and used asset finance – what's right for your business?

Speirs Finance

We all understand that buying cheap does not always equate to the best value purchase but when it comes to finance, the interest rate (particularly in an upwards trending market) is often the primary focus and this can lead to poor customer outcomes. This is because decisions makers often overlook the importance of maintaining positive cash flows in their businesses, especially in relation to their asset loans or used asset finance structures. Financecan be complex and other more important factors like loan structure and terms and conditions can have a much greater impact on cash flow than interest rate.

It’s very common to see businesses with cash flow issues that have poor asset finance or asset loans structures for new assets and used asset finance as the primary cause for this. A typical example of this situation is a customer taking up a very low interest on a new asset (often on dealer a discounted interest rate where the dealer is subsidising the rate by reducing margin) on a term offered of 2 or 3 years maximum. The asset may have a useful life of fifteen years, but in most cases a short term like this does not make sense and won’t be able to generate enough annual surplus to pay off the asset loan and likely lead to cash flow problems in the business.

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More messages from your neighbours
3 days ago

Poll: Do you think NZ should ban social media for youth?

The Team from Neighbourly.co.nz

The Australian Prime Minister has expressed plans to ban social media use for children.

This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.

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Do you think NZ should ban social media for youth?
  • 84.6% Yes
    84.6% Complete
  • 13.9% No
    13.9% Complete
  • 1.4% Other - I'll share below
    1.4% Complete
1537 votes
15 hours ago

It’s Riddle Time – You Might Need an Extra Cup of Coffee!

Riddler from The Neighbourly Riddler

Nobody has ever walked this way. Which way is it?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.

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3 hours ago

Highwic Pop-up Christmas Shop

Highwic from Highwic - Heritage New Zealand Pouhere Taonga

The annual Highwic Pop-up Christmas shop opens on Friday 29th November, 1pm – 4pm (join us for complimentary drinks, Christmas mince pies, and croquet on the lawn), and runs through until Sunday 22nd December.

Lots of lovely stocking fillers, tree decorations, and retro inspired gifts.
Shop entry is free normal house entry applies

Heritage New Zealand Pouhere Taonga Members receive a 10% discount in the shop.

www.highwic.co.nz... | 09 524 5762

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