Finance

Our Finance offering is backed by some of europe's leading banking groups ensuring competitive rates at all times

Investing in your business is crucial, but tying up your working capital could mean missing out on other opportunities. The decision of how to fund the purchase of materials handling equipment is an important one.  

Contract Hire 

If you would like to use a truck for a set period with no unexpected costs?

Then contract hire may be the option for you!  

Contract Hire is an agreed fixed monthly charge which covers both the finance and the maintenance element of the equipment through out the term. The agreement runs for a specified period which can be from 2 up to 7 years with the equipment being collected at the end of the term when a new truck can be supplied.

• No Hidden Extras
• Fixed costs for finance including full service and maintenance for the term of the contract
• Fixed budgeting with no unexpected repair bills
• Contract history and service data easily accessible throughout the term
• Hassle free disposal of the truck at the end of the contract
• No Final Payment
• Accounting and Financial Benefits
• Trucks can be acquired without having to call on cash reserves
• Tax relief on the whole rental amount can be claimed through your profit and loss account
• VAT is payable on monthly/quarterly rentals and not upfront in one lump sum
   

Other Features

• Benefit from a single hire agreement
• Agreed term and hours worked from the onset
• Reduction of downtimes: Integrated full service and maintenance package, overnight spare parts supply,
• Customer web interface access
• Ability to keep up with the latest technology
    

Hire Purchase

If you want to own your truck today but spread the payment over time?

Then Hire Purchase/Lease Purchase is the solution

It offers the same tax benefits as paying cash but allows you to spread the cost of a number of years with the period and payments agreed at the outset. At the end of the agreement you retain ownership of the equipment. During the agreement apart from claiming Capital Allowances, all interest payable can be offset against taxable income

• Improves your Cash FlowAllows you to acquire trucks without having to call on cash reserves
• Able to use the truck to generate income as you pay for it
• Agreed monthly payments
• No Final Payment
• Accounting and Financial Benefits
• Capital Allowance on the truck can be claimed
• VAT is immediately recoverable on the whole of the purchase

Interest elements of you repayments are allowable against taxable profits
 
Other Features

• Ownership of truck passes to you at the end of the agreement
• The truck is treated as an asset on your balance sheet from the start of the agreement
• You have full control over the truck as you will be responsible for maintenance, repair, service and insurance
• Choice of Service Plans can cover the equipment
   

Finance Lease

Would you like the benefit from the advantage of financing a truck only – without any service & maintenance?

Ideal if you wish to use the equipment without owning it, fixing your rental payments from day one and having the flexibility to retain use of the truck at the end of the agreement subject to an nominal annual rental. Normally matched to a planned replacement period

Then Finance Lease may be the option for you!

• Improves your Cash Flow
• Low initial outlay, frees up capital for your business
• VAT is paid on the monthly rentals and not the purchase cost, more effective for budgeting
• Rates, and therefore rentals, are fixed from the onset for more effective budgeting
• No Final Payment
  

Tax Benefit

• 100% of your rentals are allowable against tax

Other Features

• Trucks have to be accounted for on your balance sheet
• Ownership of the truck never passes to you
• You have full control over the truck as you will be responsible for maintenance, repair, service and insurance
• Choice of Service Plans can cover the equipment