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Finance

THE FORKLIFT TEAM – FINANCE 

The Forklift Team offer a selection of flexible finance options when it comes to purchasing new and used forklifts. Whatever your business or whatever your circumstances, together we can create a package that’s tailored to your requirements. Get in touch to find out if finance suits you and your business.

Have a look at our flexible finance options to see if your business can beneift from spreading the cost.

We compare, you save.

  • Aldermore
  • Societe Generale Equipment Finance 
  • Close Brothers Asset Finance

FINANCE OPTIONS

Contract Hire

 

Contract Hire with or Without Maintenance – Keep your options open

Similar to a Finance Lease, a Contract Hire allows you to rent the asset from us via Close Brothers Asset Finance while you need it. The key difference between the two is that a Contract Hire is only for part of the asset’s useful life.

This means you pay a reduced rental because the cost is based on the difference between the asset’s original purchase price and its residual value at the end of the agreement.

You get full use of the asset for as long as you need it, without the burden of responsibility of disposing of it or recouping its residual value.

If you choose to have maintenance then this is included in the monthly repayments and you can relay on The Forklift Team to come out and fix the truck. This also covers any LOLER certification that is required on the asset and servicing.

Benefits of Contract Hire

  • Low initial outlay – Quick access to the asset you need without a heavy upfront investment
  • Freedom – Full use of the asset without having to buy it outright
  • Flexibility – Option to re-rent, purchase or return the asset at the end of the term
  • Pay less – Rental cost is reduced as it is based on a percentage of the original capital cost
  • Off balance sheet funding
  • Reduce costs – Reclaim VAT on rentals
  • Jungheinrich Service – Dedicated Jungheinrich engineers for Nationwide maintenance.
  • Breakdown cover – Full Breakdown, Service and Maintenance cover included in the weekly rental cost.

Hire Purchase

 

Hire Purchase – Spread the cost over time

Hire Purchase enables you to acquire an asset while paying for it in instalments over an agreed timescale – the term. At the end of the term, you have the option to purchase the asset outright.

Far more flexible than a conventional loan, Hire Purchase lets you spread the cost of your investment over the life of the asset, making it easier to budget. Hire Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment with a resell value.

Benefits of Hire Purchase

  • More time to repay – Spread the cost over the life of the asset
  • Seasonality – We can structure repayments to take account of seasonal fluctuations in your cash flow
  • Keep control – You are the owner of the asset for tax purposes and can normally claim capital allowances
  • Tax efficient – You can offset your hire purchase interest and charges against pre-tax profits
  • Reclaim VAT on the capital cost (there are special rules for cars)

Refinancing

 

Refinancing – When you need a cash injection

Refinancing is a quick way to access the value of assets on your existing balance sheet and redeploy that value elsewhere within your business – for example, to fund a deposit on new equipment or unlock some working capital to ease cash flow.

Sale and HP Back is a form of refinance that can be used against most types of equipment, making it suitable for companies of all sizes, including sole traders. It works by us purchasing the asset and financing it back to you. Repayments are calculated in line with the income stream that will be generated by the asset and at the end of the refinance term, you own the asset.

This option applies whether you already own the asset or are using it under a finance deal with another provider.

Benefits of Refinancing

  • Efficiency – Uninterrupted use of the asset
  • Spread the cost further – We can take over the finance agreement you have with another provider and extend the term
  • Choice – Give your business a cash injection or use the money to buy other assets that may not be accessible through hire purchase or leasing agreements

Buy Back 

 

Buy Back – piece of mind

The Forklift Team will offer to buy back your Forklift at anytime during or post your finance agreement. We offer top prices, and buy your forklift off you in any condition.

If you need that cash injection in your business or just no longer have a use for the Forklift we’ll get if out of your way quick, simple and easy.

Benefits of Buy Back

  • Quick – Uninterrupted purchase of the Forklift.
  • No hidden fees – Get an upfront offer and simply say Yes or No.
  • Easy – We offer top prices, save time. Sell straight to us.

Get in touch, our team are waiting. If you have any questions or need a quote just call. We buy any Forklift.

Jungheinrich Financial Services

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