Equipment Finance
If capital for production or operational equipment is holding your business back from reaching its potential, Hard Asset Finance can help. We realise that if one key product in your operation is underperforming or missing, your whole business will be adversely affected. Therefore, our goal is to provide equipment finance solutions which will allow you to level-up your productivity and efficiency without breaking the bank.
Here at HAF we value our supplier relationships and have perfected a seamless finance process over the years.
In manufacturing, every step of the process is crucial to achieving the finished product. From sorting and working the raw materials, to CNC machining and assembly, to finishing and packaging, the tools which perform each part of the job must be up to scratch. But from time to time, your equipment may break down and need to be replaced. At other times, tools and machines may have to be changed due to product revisions, or regulatory changes. Footing the bill for such purchases can threaten the profitability of a business.
Outside of the manufacturing sector, many companies are looking for ways to reduce ongoing costs and make their facilities more environmentally friendly, including the use of biomass boilers. However, some are put off by the initial cost of installing such a system. In pressing economic times, many business owners may find it difficult to free up the funds for such a project, however beneficial it may prove to be in the long run.
Just as leasing a vehicle can make car ownership convenient and affordable, so our equipment finance packages can put you in the driver’s seat when it comes to upgrading your business infrastructure. By deferring the cost of your investments, you can improve your company now and increase your profit potential immediately. Or, invest in your premises and improve conditions for your workforce and the community. By securing equipment finance with HAF, you can prepare your business for the future with confidence.
Benefits of Equipment Leasing
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.
