Finance Options For Forklift Trucks
Forklifts on finance… What are the options?
In need of quality forklift trucks but worried about the cost and commitment of buying? Here at Premier Lift Trucks Ltd, we appreciate every business operates in its own way.
That’s why we offer a choice of finance options when it comes to purchasing, leasing or hiring our forklifts. Whatever your business and whatever your circumstances, together we can create a package that’s tailored to your exact requirements. Simply pick up the phone to give us a call in Wigan or Manchester today and we’ll take it from there!
Contract hire provides the full reward of use of the equipment at a beneficial price without many of the risks of ownership.
Today, more and more companies are focusing on core business and pro-actively manage their balance sheets. Contract hire is an off-balance sheet method of funding used to improve gearing and other balance sheet ratios. Rentals are reduced due to another party taking a residual value and obtaining tax benefits on the forklift. Further more, a fixed rental agreed at the outset will cover the finance and the maintenance of the forklift truck.
Lease purchase, a form of hire purchase, provides ultimate ownership of the new and used forklift for sale. It gives similar tax benefits to cash purchase, but spreads the cost with the payment fixed at the outset. As with all products, we can tailor the agreement period or repayment profiles to match specific needs, in addition with a lease purchase agreement, the interest can be offset against taxable income. At the end of the agreement, ownership of the forklift truck is obtained.
Exceptionally, an on-balance sheet facility maybe required without any fixed maintenance obligation. This is a hire agreement where the rentals in the primary period cover the whole of the capital outlay of your truck. At the end of the primary period, the lease enters a secondary period whereby the agreement maybe continued subject to a nominal annual rental or the truck may be sold to a third party. In which case the majority of the sales proceeds are rebated.
Premier’s team can design a financial solution to resolve most forklift finance problems. In partnership with dealers and manufacturers as the need to add additional flexibility in major applications can be addressed, in particular the need to exchange or return part of the fleet due to changing demands.
Purchase and Rent Back
Premier will purchase your existing fleet so that you can enjoy the benefits of one of our unique purchase and rent-back schemes. Whether your fleet is large or small, operating from a single location or as part of a national network, a Premier scheme can be designed to match your specific needs.