Mr Walton buys another van
Page 74
If you've noticed an error in this article please click here to report it so we can fix it.
(crisp, crusty loaves fresh-baked this morning!)
Tom Walton needed a new van. Needed it here and now. But he couldn't afford here and now to pay the full price. So what was he to do ? He could do one of two things. First—wait till he could afford the full cash price— several hundred pounds or so. By which time he might have missed the chance to add much extra business, losing substantial profits.
Second— he could buy the van on credit through UDT (which is, in fact, what he did). Of course it meant he paid a little extra : but that extra was nothing to 1 extra profits of having the van this year instead of ne And UDT also finance the road tax and insuran spreading these payments too over the months.
By the time he makes the final monthly payment UDT, Tom Walton expects his van to have paid. itself. Maybe there's no such thing in business as havi your cake and eatingit— but buying on credit throu UDT comes very, very close I