ForestryFinance

£8k for a chipper and trailer would be cheap. Are you paying cash?

Planning I can't advise on really, although a planning consultant if they are good can be worth their weight in gold. For the funding element, a lot of it depends on what you're really talking about. Are you building a house, and a shed-to-run-the-business-from...or are you building a house-and-a-shed-to-run-the-business-from? If you're looking to live in the house, rather than it being a commercial development then the funding will be a lot more difficult as it would be done via a regulated mortgage such as a self-build mortgage. If the house and the shed are going to be commercial use, then you may be able to fund it with development funding which can be useful as you can get up to 100% of your build costs funded, and then can exit the development facility by putting it on a commercial mortgage which is then a business expense.

It was a bit too easy as well for "The North" to get independence.....Sansa just suggested it as if she came up with it on the spot, and Falconhoof Wheeler Bran just gave it the nod. I bet Nicola Sturgeon rejoiced when she saw that. She will be sidling up to our next Prime Mister on day 1 and whispering in their ear "Scotland will be an independent nation", and the faintest of nods from the PM she will take that as gospel and run off into the night to dig a trench on the border.

Haw night king, you're gettin chibbed mate. Arya was supposedly 17/18 at that point apparently...and she was a badass. I thought that was quite good. Would have been smashing if Bran had stood up out of his wheely chair and chibbed him himself though.

I've made a point of avoiding this thread as when it popped up, I had only just started watching from season 1 for the first time. Never been interested but the wife persuaded me and I got through 8 seasons in about 4 weeks. The downhill slide towards the end of season 8 was incredible, but actually the quality started to drop off gradually through seasons 7 and 8 I think. The Hound is a legend. Wish he didn't have to die. Raging about the character destruction in the last 3 episodes of some great characters - Daenerys Stormborn Targaryen, Mother of Dragons, Breaker of Chains, Burner of Toast, Knitter of Jumpers being one of them. But also having brought Jaime from being total kn**head to being quite likeable and a decent guy, he then became a total kn**head again at the end. Probably even more so. Tyrion became less likeable as well. The only one who got better was Sansa, but I liked her from the start really. Why did the series not end with the Night King battle? That was a proper ending. Everything after that felt like tying up loose ends that they had forgotten about.

Or Mascus.co.uk would be worth looking at as well.

Buying brand new or used? I've not driven either one but I would say if you're doing a lot of towing, or carrying a lot of weight (which you probably will be), then anything less than a 2L isn't going to cut it...

Not sure if she counts as an "Arb Dog", as I'm just a finance guy in the Arb world...but she certainly comes to the office with me every day and sits in the chair while I speak on the phone to the real grafters.... Please no comments about me having a debt-collector dog!

But then we wouldn't have had 16 pages of joy

Oi no swearing ?

Well this thread has taken a bit of a turn.....

Or just shoot us all and get it over with...?

Indeed we do exist...

I'm relatively new here, but I'm active on a number of other forums with quite different themes. Partly, I quite like how this forum is quite "real", and being in finance and having a background in investment banking (boring...super professional...stuffy...bureaucratic), its a little refreshing sometimes to see people interact they way they would in real life. But also the forum has to have rules, and I can understand why no swearing would be one of them. Same reason the DVLA won't let you have a number plate that looks like a rude word - likelihood to cause offence to someone. Steve has a tough job enforcing this and one I don't envy. I don't use bad language in my normal life nor when I'm representing my business, but like some have said above...them's the rules.

Do you do Forst chippers as well as GreenMech?

Let me know if you want funding for that ????

Very nice

I heard an interesting bit of info just last week from one of the lenders I deal with. They had seen the accounts for a fairly mainstream reputable motor dealer, and in one year they had made £13,000,000 profit. That amounted to a £14,000,000 gain in referral fees from finance companies, and a £1,000,000 loss in selling cars. I reckon that is similar in a lot of the motor trade - the finance companies give the dealer a 5% kickback, which is why they push you on to their finance. But who pays for that? The mug consumer who ends up on a deal that's costing 9.9% a year or sometimes more. Very grim in my opinion.

PCP agreements have lower monthly payments because at the end of the term there is a "balloon payment", which should represent what the vehicle is likely to be worth at the end of the term. Its a good trap for car dealers because it motivates people to come back at the end of their term and use any equity that they have in their car as a deposit on their next one, rather than having to pay the balloon. Many people can get into difficulty when they go over their mileage allowance and thus devalue the car to less than the balloon, or when the balloon has been overestimated from the outset. Not sure the details of your granddaughter's situation, but there is a way of getting out of a PCP agreement under certain circumstances - its called Voluntary Termination, and it is a very handy protection for the consumer. Not sure how far in your granddaughter is or whether the situation lends itself to that but it may be an option. Happy to explain it to you and help you sort it out for your granddaughter, but I don't know that we should hijack this thread, and also its probably best not to put full details for your granddaughter's sake. Send me a PM if you like and I will see if its a possibility.

You're right about residuals on tree surgery kit being good, but there is an issue of lenders not really understanding it, or being a bit nervous about funding it. Its not so bad with things like chippers and grinders, which usually return to the same place at the end of the day, I'm thinking more things like Harvesters which sit around in a forest for weeks on end, miles away from anywhere. I think that worries some of the underwriters a bit. Printing machines, floor cleaning stuff, workshop kit etc can actually be much easier to finance a lot of the time. On your observation about the PCP deal - the car dealer will have been rubbing their hands thinking about the 5% kickback they would be getting from the finance company. Very shady business in the motor trade sometimes.

It does mean I pay interest on that £5k yes, however its not money I've never borrowed...I have borrowed it, the finance company paid it to the supplier of the vehicle. Being a broker I also get preferred interest rates of course ?

Very sensible. I see what you're saying about no balloon, however I personally don't mind building in a balloon, but doing so sensibly. For example I bought a Ford Ranger not long ago, £5,500 deposit and then I put a £5,500 balloon at the end. The car will be worth at least £10,000 at the end of the term so I will have plenty equity, but also I know that the finance co I'm with will let me spread that £5,500 balloon over 12 months if I want to when the time comes, and if I want to keep it. If I don't, then I have another £5,000ish to use as a deposit on my next motor.

True. I've heard a few people recently say that car leasing might be the source of the next recession as terms come to an end and people realise that they are responsible for an over-inflated residual. Had a guy come to me for funding on a BMW i8 recently. Wanted to lease a used one, and I quoted him some pretty good numbers. He came back with a quote on a brand new one which was cheaper. When I did the sums it turned out that the new quote was based on a totally unrealistic depreciation rate...the client just wouldn't accept it, and was adamant that the lease on the new motor was cheaper than my quote on a used one, even though I explained to him how he would actually end up with about £10,000 of spare equity at the end, rather than being in the hole for up to £30,000 of overestimated residual.

I guess everyone has different criteria - fair enough. I've seen stuff (granted maybe its more on the HP side) for £250,000 accepted by funders without any questions...suppose the easy answer is "it depends".

Needing to supply accounts usually isn't anything to do with the deal size, its to do with how much of an assessment the lender can make of the risk of the customer from the information they have from credit referencing agencies. If they can't see from a basic search of company or individual then they will either decline it or ask for accounts to support.