Machinery Finance
Industrial machinery and plant are vital tools in construction, civil engineering, storage and handling, haulage and logistics, and many other industries. When your business is ready to invest in a new asset, HAF machinery finance packages can help you make the right choice and reduce the impact of a large purchase.
Machinery Finance
Plant machinery is, in many ways, responsible for almost anything we see in our modern world. Retail developments and factories, roads and railways, airports, bridges, and reservoirs – without the great machines which make large-scale construction possible, none of these could be built. Less visible but equally important is the underground infrastructure we all rely upon, such as water, electricity, communications, and waste services. None of this could exist without the vast support industry which builds and maintains such systems, and the machinery on which they depend.
Other types of industrial machinery which play an important part in daily life are the forklift trucks, telehandlers, and other equipment which handle the goods and materials we buy and work with. All such machinery is designed to make heavy tasks easier, and is an integral part of the industries in which it is operated.
Whether you are a large company investing in some new equipment, or a small business entering the market for the first time, large item purchases like this can have a big impact on your balance sheet. But help is at hand from Hard Asset Finance Solutions. We facilitate machinery leasing by helping you find the products you need, and putting measures in place to allow you to secure them. We can make these arrangements with your preferred supplier, or one recommended by ourselves.
Just as with leasing a car for your private use, machinery finance can make obtaining plant and handling equipment affordable and convenient. Get in touch with our team to learn more.
Benefits of Machinery 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.
