Smarter Asset Strategy – a Sector-Specific Example
At Dawsongroup finance, the slogan ‘Smarter Asset Strategy’ is always at the heart of their approach – but the difference the strategy makes is specific to each sector and each customer.
Here we take a look at applying the Smarter Asset Strategy to the bus and coach industry.
The bus and coach sector was one of the hardest hit by Covid and has had the longest recovery of any of the supply chain sectors. It remains a challenging climate, and bus and coach businesses are constantly seeking strategies to optimise growth whilst managing risk.
They must keep their fleets up to date, replacing older, costlier vehicles with newer, greener ones, and expand their line-up where opportunity allows.
But purchasing a new bus comes with a hefty financial outlay, and the value of that vehicle will only depreciate over time. Rather than straining cash flow or tying up too much capital in your fleet, financing doubtless makes the best business sense.
This is where the Dawsongroup Smarter Asset Strategy comes in, with transformative potential for the way bus and coach companies approach their wheeled assets.
What Is the Smarter Asset Strategy?
Dawsongroup’s Smarter Asset Strategy is an intelligent approach to procuring and funding the assets a business needs to thrive, so that they deliver their full value and usage, but in a way that minimises their cost, helping to protect business capital, vital for flexibility and agility.
This way you only paid for what you need – financing an asset for the period during which it is useful and working hard to earn money for your business, rather than the life of the vehicle.
Why It’s Well Suited to the Sector
Being part of Dawsongroup, a specialist group of companies providing asset hire and leasing services, including commercial vehicles, trailers, buses, coaches, sweepers, and materials handling equipment, Dawsongroup finance has the industry knowledge and the network to offer the right deal.
It might be that hiring rather than purchasing the full asset suits a customer best, in which case Dawsongroup finance can connect them with colleagues at Dawsongroup bus and coach. The team at bus and coach, not being bound to any manufacturer or supplier, aren’t required to push any particular product.
They also have 80 years of experience as part of the hard-wheeled asset supply chain to draw on, so the onus isn’t on the client to shop around multiple lenders and try to figure out what the best solution is for them.
Matthew Bull, Commercial Manager at Dawsongroup finance, explained, “Since the pandemic this market has been seen as difficult to fund into, and your typical banks and high street lenders have walked away because they just don’t understand it.
“We’re very much still in it. We have our bus and coach division with Dawsongroup, so it’s a market we know and understand well.”
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