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Written by Carwyn Willis
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Wednesday, 10 February 2010 11:23 |
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As outlined last month, our inability to replace cars going back to the leasing company is about to cause us a big problem for which we need an urgent solution! The nature of what we do and how we do it, means that vehicles are a must, not a luxury.
The 2008 banking crisis initiated a change in lending criteria for the finance industry. Because we are a small charity which does not make a profit, we are considered a bad risk. This, despite having had 31 leased vehicles and made every one of 624 monthly payments on time and in full!! One thought we’ve had is that for a season, we cut our cloth accordingly and purchase “bangers” - cars costing say £1000-1200. They might not look as nice but the key ingredient at the moment, is to keep our wheels turning!!
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Last Updated ( Wednesday, 10 February 2010 11:27 )
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