Buy, Finance, Lease or Rent? And How I Pay For My £480k Machine!

[@joelsvlogsshiimi4174]

Daniel's videos are so informative and well scripted and you can tell he knows what he is doing. Honestly enjoy very video and I always seem to go back to "A day in the life" because that was the first video I watched of you and I immediately hit subscribe and turned mybpost notifications on. GOD bless you and hope you come to Namibia one day

[@cedrickmichaelinganji4822]

From his pieces You get fun Education Passion And well balanced information

[@MrAnadad]

Very important Video much appreciated for your valuable time

[@mohammedbelkadi2835]

That's where I started watching ashville too! Big thumbs up

[@Chris.starfleet]

This was actually a masterclass. At college or university each model might be a lecture or even a module on it's own ... but Daniel has summarised it splendidly.

[@stringerbell547]

For Free!

[@Chris.starfleet]

@@stringerbell547 Not for free ... we had to spend time to watch it and time is a commodity, BUT it is totally worth it and we are walking away with profit in hand - and Daniel is walking away with our admiration and respect.

[@michaelleaperGreyhound]

All this advice and he still went bankrupt

[@Chris.starfleet]

@@michaelleaperGreyhound Can you explain?

[@TheJon2442]

@@michaelleaperGreyhound I take it you are not only not a fan. You are a keyboard warrior. Who hates when anyone due to hard work and determination can be successful!

[@sudstahgaming]

Daniel your content is amazing, it's not even about ashville or construction, it's the information about running a business, even if you inspire one person to start their own company it's a win, the content is golden and created by someone that has done it and still learning.

[@deltamikeman]

A business lesson in asset finance. The information, though summarised, had depth and was delivered masterfully right through to the final case studies. Limited by knowledge of speciality and jurisdiction in the examples, the principles are universal. Well done, Team Asheville! Next video, marketing, advertising, networking, and sales, please? Thank you for the insights!

[@williamcawley1113]

As an Independent Contractor for Seamless/GrubHub in New York This has been an indispensable Information as I am actually looking into getting a Automobile just for doing Deliveries rather than use my personal car Thank You

[@harrylewis546]

Gotta love when a ashville video comes out unexpectedly nice treat for a Monday night before going back to work tomorrow

[@bubble6470]

Cheers Daniel, I’ve just started as an agricultural contractor, I’ve tended to buy my kit on a 3-5 yr finance agreement, and so far, seems to be working well Thanks for your videos, it inspires and encourages me to grow my business

[@Mr_lnb]

Brilliant video, I set up as a owner operator 6 months ago and decided to buy a used 6x2 unit outright last month. It can be scary thinking about big repair bills, but having the low overheads generally makes up for that. Keep on smashing it Ashville 😎🤙

[@egilsratnieks3550]

Owning all equipment. Renting premises. Optimizing all the work, while saving money for new investments and then buying the most needed item. Struggling with building departments, business structure. Making automatizations. Working on it. Watching these videos for relax and finding usefull information. Pease from Latvia. 🇱🇻

[@joemurray553]

We use all 4 methods in our business in the US. If I do lease I usually buy the the bit of kit outright at the end of lease. On finance I always pay off early.

[@EinnorX5.1]

Watched Asheville when it started, absolute first video and a good number afterwards; my perception of business changed and as an HGV driver. The guy gives germs no other person does. Have a prosperous New Year Asheville and all the best Daniel... Big love from Sheffield...

[@huesenpaul1394]

Can you make a video explaining each Ashville division/branch and what they do ? For example breaking down what Ashville aggregates does on a daily basis. Also can you do a video on aspiring construction entrepreneurs how to start their own company or ways you can get your foot in the door. Love from NYC Happy New Years Daniel !!!

[@saqz11]

its an amazing idea to help others but wouldn't he just be creating competition for his own business in both of your examples? in the UK of course

[@marklehmann5867]

Sounds like that could become an Ashville Training course

[@solowen1836]

Ashvile concrete will do concrete

[@pato54321]

Hi Daniel It was good that you mentioned that it can work if an owner driver buys an older vehicle because they will look after it. It’s when you let inexperienced drivers loose on older vehicles that the problems start. Very informative video.

[@joshuaadams36]

I’m an owner driver in Bristol with a tipper. Putting drivers on older lorries big mistake and finishes people up. Stick with one and save up until you can afford to do something else 👍🏼

[@michaeldinsdale4142]

Huge fan of weekly but these business videos are Brilliant really entertaining and informative as someone how is building up a business this sort of insight is priceless cheers Ashville

[@kwtreecare4023]

Great video. I've certainly learnt something, wasn't aware of deffering the VAT. We have started to move to leasing and then buying it for £100 end of term rather than hp/finance as you don't need to pay the VAT up front, can be done monthly instead. Knowing what I know now, ill deffer the VAT and finance on the next one!

[@rishipancholi]

You can only defer the VAT for upto 3 months i.e when your next VAT return is due to HMRC. It's purely a cashflow tool but only available when financing via Hire Purchase. If you lease then VAT is added to your monthly repayments for the entirety of the finance agreement.

[@kwtreecare4023]

@@rishipancholi yeah understood. 3 months is perfect, we normally pay a lot more VAT than we claim back so very handy

[@mentonish]

Daniel you have done a great review, in the old days lease or rent was not in the frame. For company cars the difference between buy or leasing from experience the end result is financial the same.

[@bleakyfinder2692]

everyday people, if you cannot afford it do not buy it. Always pay for the roof over your head and keep your utilities bills paid.

[@armandobond7736]

If you never take risks you’ll never grow in society

[@jolyonbrooks2898]

If you have the contacts. Do the work

[@nolandlacroix3130]

Good for buying a house, no good if you're running an expanding business.

[@ISLANDTRUCKER]

If you follow this advice you will never grow, worst advice ever

[@joegosselin2888]

@@ISLANDTRUCKER you’ll grow your cash. I followed this advice and have grown just fine I just save for a year and buy what I need with cash. I’ll keep that interest I would of paid because I pay cash

[@clairemartin8111]

Daniel I watch u every episode your videos bring me enjoyment was you ever tested as a kid for ADHD as I have it myself and believe you have it yourself keep up the hard work and amazing videos

[@92agayle]

They should play these types of videos to kids at school/college

[@CLHLC]

So interesting Daniel mentions all the figures!

[@World-through-my-camera]

Daniel may not have the pretentious vocabulary that many leaders use, but this video shows how well he understands his world. ✌️

[@joeldawson4159]

Got a lot of respect for Ash telling things exactly how they are and not hiding what he pays for machines

[@davidk3730357]

Again, Very brave and a great help to people trying to run their own businesses. Thank you, Daniel. You really are going from strength to strength. I am so happy to see new videos out midweek just keeps me going till weekly every Sunday. For your next video could you suggest what course or training would you recommend that helped you in all aspects of your company? What did you start off with, I think you said web design. However, you quite clearly have a very good understanding of the financial side of things too. Get work by the video team also. See you Sunday.

[@tom-dd3cd]

Thanks Daniel. Informative, categorised and considered. Priceless advice for new business owners, especially in the construction sector that dont have previous business experience or guidance to go off. Theres a big difference between work experience and business insight. Appriciation from a working man starting at the bottom👍

[@davidrice4265]

Fantastic and informative video Daniel, I wish you and your business a Happy New Year.

[@michaelayemoba5585]

This was longgg over due… perfectly explained ❤😊

[@viannemukisa8347]

This is very useful. Thank you Daniel

[@Beksization]

If you choose to rent always have robust insurance because the rental company will always look for those imaginary scratches. As an owner driver January to the end of February it's completely dead and the only way I can get sleep at night is knowing that my truck even though its second hand, at least its paid off and I can afford so there's no one knocking on the door for missed payments. If you have guaranteed contracts then leasing with full repair and maintenance is always the way to go. But again you're only as safe as the people providing you with the loads.

[@sita6584]

The visual breakdown makes it easy to understand and the outline can be used in other areas with minor adjustments. I might borrow your outline for a presentation I'm doing on Thursday and in return, I will reference the channel. Hope you don't mind. Thank you, good Sir.

[@simonm9097]

I buy in on finance whenever we need a new machine then make overpayments to get rid of the debt.

[@adishep5037]

What about stealing ?

[@DublinCity696]

Cheapest way really

[@shakeshaftthomas]

Vehicle theft is practically legal in London now, so it's a valid option.

[@GLOBAL-INTIFADA]

We'll see if he was in one of those looney city's in the US they have actually made it legal to steal lmao

[@j.m.5995]

@@SamTheBalerMan Especially if you get it with a piece of lead to the head. Best business decision of a lifetime

[@Solarscaper]

You're such a comedian.

[@johnpinheiro6211]

You know, Daniel, i think you are going after That P.E . Money, since there s a big push for infraestructure in The U.S for example. Well done 👍. From Portugal 🇵🇹🇵🇹🇵🇹👍

[@jonesconrad1]

What's p.e. short for?

[@johnpinheiro6211]

Private equity! Look for it!

[@_mike628]

Excellent class, thank you.

[@saqz11]

love the video, loved the obligatory 'im not a financial adivsor' with the smirk. you know someone would rent 50 lorries then try to blame you 😂

[@DivvyDiesel]

Danial yr truly an inspiration I'm still wondering how many hours in a day you get as I only get 24 in mine Wishing you every success & more in 2023 as you truly deserve it bud

[@bongopongo6206]

inspiring video, rather than becoming a business man & purchase or finance stuff.... become a gangster & steal stuff !

[@Jlimuzin]

Thank you. Excellent video!! Very interesting point of view.

[@d8gty392]

Very insightful video that mate… it’s explained a lot in a short period of time… in easy terms…. Cheers

[@gertneud]

If needs be, then needs are met. But the process of needs are never met. That's why people want to watch TikTok, instead of actual people, who actually do insanely hard work. Easy to watch, easy to do. Yeah, if only the world was black and white and easy and everything worked out for your benefit. Thinking as one isn't the same as thinking and doing as one. Mad props to Daniel, if no one does it, who then does it? You. Mad respect, Daniel.

[@kingnrj]

Great video. Love knowing the workings of your business. ✊🏾

[@robc8892]

This is absolute gold. Thanks

[@grantcoles7962]

This has been a really useful video for thinking about my own business. If you get chance to do more of these type videos, or start a course, I would be interested.

[@steviepaton2899]

What an insperation to young hungry people bro ✊

[@WILLIEQUAID]

Well done great video 👏👏👏

[@Subscribe4MoreVideo1]

Please do a video on going from working in a firm to becoming a owner operator and how you would find work for yourself ect :?

[@thisisashville]

Noted. 👍

[@markboon9327]

Happy new year mate and great video keep them coming.

[@stevenprestwich521]

i have a mobility shop and it's nowhere near the scale of value of vehicles you have, i have lots of vans big and small and the oldest being a Mercedes Sprinter 70 plate that i've owned since new, the way i work is i don't buy a new van till i've got money in the bank so can buy outright, i didn't want the stress of monthly payments, i have enough stress from drivers who damage vans because they don't care they see it as "just a work van" that said in last 2-3 years it been great for the vans holding there value i've recently sold on ebay 2 Citroen Berlingo vans i bought brand new for £13k plus vat each in May 2021 and sold in the last 10 days on ebay for £12995 plus vat each

[@victorphenyosako9840]

Well done

[@mrstr8pipes]

My opinion is cashflow is KING

[@galwaypat5744]

Good video Daniel .Great information on the pros and cons of buying machinery .Wishing you a Happy New year .

[@davidhazell1579]

Big up ashville

[@becaldridge1584]

Will you guys ever go to truck fest ?

[@dimitarbalceski7117]

Daniel when i tern 25 i want to come to london so i can work and on a vaicaison fo like 2-5 years and then i like to come to macedonia where i live in ohrid so can open a construction bisnuis shoude i finance lorys of own an you anspayerd me to work hard thak you and be safe and hope you will grow

[@AlexMcNZ]

Wait, traded the cat on the liebherr 926?? What happened to the new 914 that arrived and we've never seen since??

[@nowiplay2]

Wonder if you feel the same applies to personal vehicles 🤔 I’ve bounced between buying outright & financing. Never leased before though, because I like the option to own it

[@johnhyde8892]

I would love to have newer kit, but I don’t borrow money and work on the the basis if you can’t afford it don’t have it and keep what you have got.

[@billymp79]

Love your videos. What is a bit of kit mean? I’m an American and not use to you lingo lol and your video inspire me to follow my dream at 43

[@tendayimasawi5931]

Masterclass piece 👌

[@TiredofEarth]

paying out about 14 grand a month just on finance on vehicles. crazy money.

[@PauloGomes-lx1zg]

Can someone explain me please the math on 4:50? 120000€-10%=108000€ 108000€-(12*2800#)=74400€ It still owes 74400€ and not the 95k

[@JohnSmith-xi3sq]

Correct, it’s another example of risk management.

[@scottmaccoll]

Sound advice 😊

[@samchososam]

Is there a reason why you don’t gravel your site with aggregate or asphalt milings….?

[@timothyadem8354]

Daniel how do you manage your employees, do you have casuals for short time jobs or do you have permanent employees.

[@jayd1974]

Interesting video Daniel

[@cobrafinancialsolutions1039]

Great video!

[@darrenquarterman2611]

Onky thing I struggle with is contracts advices on this would be great on the smaller scale

[@thisisashville]

What type of contracts?

[@darrenquarterman2611]

@@thisisashville all my work is on a job to job and word of mouth as a builder and Waste Removal company we created in covid to keep all staff busy and most my competitors work for cash ad aren't vat registered on this side of my business witch i can't compet with and never booked up more than few months on the building side difficult to get people to wait and with multiple staff and vans seems stressful and I always feel stuck into own vehicles rather than leasing and I've feel after Al the years all ive done is buy assets and keep high cash flow because insecurity about what jobs am I doing in 6 months witch I feel trapped huge fan my business has grown in part to just realised how hard successful people have to work and to sime great advice thanks so I'd like to secure a contract for regular work

[@darrenquarterman2611]

So more regular jobs/ contract fo waste removal id have ever week or day . as currently its a day bye day struggle thanks

[@essexradiohire]

Hi Daniel and team , any chance of a video on the icom LTE Radio system you use . I am sure sam could help you with this.

[@emptybucket1988]

Man Liebherr LH60 cost almost half a Million but then again it's a flagship at Ashville

[@jimmyv3690]

brilliant video

[@myronsmith2114]

Good info

[@issacbrown7222]

Thanks very informative

[@kendalneely3241]

Great informative video ! Thank you..

[@elijahmwanga126]

It’d take a university lecturer 2 days and 6 hours of seminars to explain this and Daniels done it in 15 minutes.

[@davelee9527]

🤩✌ Happy New Year

[@scottryan1989]

Trenithing is possible when your on gear

[@jalennathon6417]

Can you do a vid on when u decided u need to upgrade fleet

[@AbcdEfgh-zp1sn]

Always buy new. 25% min deposit, 3 year term , no residual or balloon.... if you can't afford this you cant afford the plant

[@ali_a1805]

7:01 peace* of mind

[@adrianshjadesheehan9991]

This man is brillant top man dan

[@ali_a1805]

11:29 fast ASSISTANCE* please spag check before uploading guys

[@joshuafriddle7651]

Wait y'all use miles instead of kilometers in the uk? I thought we were the only one!

[@eliassibiloane8287]

UK uses both km/miles dependent on user

[@ketchupsos5817]

The LA60 was Gold. Seen you struggling with that one lol

[@Trebor824]

Man’s got 2 cams

[@theemclane4037]

Drop a gym routine video man

[@Takeitlightly6]

Small businesses will benefit from renting because you need it for limited days…however return it asap.. In the long term, hire an accountant to calculate the costs Associated with these options and which will be cheaper for you in the long run. I have a full calculations sheet on this thing, just google it and many examples available.

[@wisdomsounds777]

😊😊😊😊😊

[@temery28]

Good video

[@jontygordon4326]

Daniel how do you feel about miniminter outing you about the office build saying you were mega slow to create a below average render and then provide a quote that wasn’t reasonable and was way too much. Just asking

[@thecockneyworkshop]

Can I have a job

[@joggingmixlondon6895]

😊💛🖤❤️

[@davidhazell1579]

Third

[@cedrickmichaelinganji4822]

Peace of Mind You mean 🤦‍♂️

[@muzangalusaviye6161]

5th

[@myronsmith2114]

Really

[@EdzashedFudwinkle]

Thought you'd gone bust 👤 so is advice advisable from you??

[@ru2225]

What drug you on g?

[@kingston6498]

Who said he’d gone bust his company is worth like 10M

[@FoxyTunes]

Proof or you just talking utter shit?

[@kingston6498]

@@FoxyTunes Yh search it up Ashville is valued at 10M

[@FoxyTunes]

​@@kingston6498 Apologies, I meant the clown saying they'd gone bust 👍

[@harryclarke632]

If you own the vehicle by DVSA rules you are not allowed to maintain the truck by yourself anymore. It must be maintained by a company or persons with correct qualifications. Even little repairs, it's completely pathetic but that's what the rules are.

[@GrammarPoliceInvestigations]

*PEACE of Mind.....

[@thisisashville]

🤦‍♂️

[@kyleop1]

But Daniel, your entire business is now funded by some kind of lease agreement or financed. You don't own any assets.

[@rillawhat8142]

Very useful info. My business has grown much too slow over the last 30 years, because I always went for outright ownership of equipment, instead of financing to keep my overhead low. Lessons Learned.

[@ngprolimited1073]

Another video ideea, I would like to see a video of your biggest mistakes, or near-misses, I belive would be interesting, I'm 28 now and I'm struggling sometimes with my bussines, but hearing the story with your first tipper when you didn't know anything about licences and stuff like this lol, mate that moment was very helpful for me that time, seeing someone else making silly mistakes but sti didn't give up and learn from them. Thanks Daniel

[@thisisashville]

This is on the list! 😎