Electric Truck Leasing

Like the rest of the automotive industry, pickup trucks, medium and heavy-duty trucks are all evolving to meet future standards. Electric truck leasing is the future for all businesses, take advantage of government incentives, save on running costs and use HAF’s finance solution to spread the cost and reduce any large initial investment.

Whether you are considering a pickup truck, medium or heavy-duty truck please get in touch for a finance quotation today. HAF’s truck leasing and finance solutions aims to support businesses take the step to electric vehicles. Specialist funders and a range of finance options available.

Electric Truck Leasing

The majority of manufactures, including Tesla, Daimler, Volvo and VW are investing heavily in all-electric trucks. Manufacturers such as Toyota, Hydundai and Nikola have chosen to focus their efforts on fuel cell EV. Despite representing only 9% of the global vehicle stock, large inefficient diesel truck engines combined with high average annual mileage means that this sector contributes 39% to transport’s greenhouse gas emissions. This corresponds approximately 5 percent on all fossil fuel derived CO2 emissions across our planet.

The low emission incentives apply to all trucks which is being used to accelerate progress. HAF can work alongside any supplier or manufacturer of electric trucks. Below are two of the leading manufacturers of electric trucks and vans.

DAF

DAF were one of the first manufacturers to bring a fully electric truck onto the market. However, they are also producing a hybrid electric truck that combines the best of both worlds. They can be used in fully electric mode or clean diesel technology. Launching the DAF CF hybrid which aims to meet stricter emission regulations.

Volvo

Volvo have recently added three new heavy duty electric truck models to their range. They join the Volvo FL Electric and Volvo FE Electric for urban transports that have been in serial production since 2019.

Finance and leasing solutions are available for new and used electric trucks. Here at HAF we can help you source your truck with our range of specialist suppliers. Already have a supplier or manufacturer in mind? No problem, we can work alongside a supplier of your choice and provide the finance option to support your business.

Why Use HAF?

As industry leaders in the asset finance industry, we have a dedicated team that specialise in hard asset finance. Partnering alongside suppliers and providing direct finance to customers. We can provide leading rates, professional advice and connections to some of the best suppliers and manufacturers of equipment and vehicles. Saving you time and effort by delivering an all-in-one solution. Perfect for any business looking to acquire hard assets in the most affordable way possible.

The sectors we specialise in include commercial vehicles, manufacturing equipment, plant equipment, machinery, construction vehicles and agricultural machinery/vehicles.

Financing hard assets provides finance companies with good security as the assets tend to retain value for many years, even at the end of their lease. This combined with our access to a diverse portfolio of funders means we can provide you a bespoke and affordable finance option.

Key points

Benefits of Electric Truck Leasing & Finance

Asset finance is most commonly used to acquire hard assets. A hard asset is a tangible/physical asset with fundamental value that are normally held for the long term. Like recovery trucks they are often key to the businesses operations but are expensive in value. These are two of the key reasons why most businesses look to use a hard asset finance facility. There are also a range of benefits that come with this option:

Protect Cash Flow

Keep cash in the business and invest in areas that will produce a return on investment. Obtain the vehicle that is necessary for your business with little to no upfront cost.

Fixed Repayments

Perfect for financial planning and selecting a finance package that is affordable for your business.

No Large Upfront Cost

No need to invest large sums upfront, however this is an option if you wish to reduce monthly payments.

Quick Access

If you need a recovery truck urgently but don’t have the immediate cash available, finance allows you to obtain the asset immediately without having to wait for the cash reserves.

Access to Higher Spec Vehicles

No need to compromise on the vehicle you select. The difference in a newer or higher spec vehicle can often be a very small increase in monthly payments.

HAF Finance

Here we have the four agreement types used for recovery truck finance and all hard assets. Here at HAF, we will guide you through all options and help you select the most suitable for your business.

Finance Options

Hire Purchase

Hire Purchase (HP) are monthly rental instalments where at the end of the term you have the option to purchase the asset outright or simply return it. Payments can be structured to align with your cash flow which could mean a small upfront payment or larger to reduce monthly payments.

Finance Lease

A finance lease is a leasing agreement which involves renting the asset over an agreed period of 1-5 years. A popular method due to the significant tax advantages. At the end of the agreement, you have four options: Hand the asset back to us at HAF, purchase the asset outright, continue paying the monthly payments or take out a new lease.

Operating Lease

An operating lease is an agreement to use and operate an asset without the transfer of ownership. Often used for high value assets, the rental is at an agreed rate and time period. The rental will not cover the full cost of the asset, therefore at the end of the agreement a residual value is offered by the funder which allows you to buy the asset minus the lease rentals paid so far.

Business Contract Hire

Business contract hire is a popular finance option used for company cars. The vehicle is leased over an agreed period from 2-5 years. At the end of the agreement, the vehicle is handed back to the finance company. A simple agreement often used for brand new vehicles, sometimes used with no upfront fee just monthly instalments.

Electric Truck Leasing