Mini digger Finance
Mini diggers are extremely popular pieces of heavy-duty machinery for construction and building companies. Also known as a compact excavator, micro digger, mini hoe or small excavator; these brilliant machines are easy to use, reliable and are great for smaller construction and landscape projects. HAF have a wealth of experience operating in this sector, providing businesses across the UK with mini digger finance solutions. Partnering alongside suppliers, HAF can help source and finance your next digger.
Using a finance option to invest into a mini digger is far more cost effective than having to rent each time. Spreading the cost of the purchase allows you to invest into a key asset whilst keeping cash in the business, with the option to own the machinery at the end of the agreement.
Our suppliers provide options from all the top manufacturers in the industry such as Caterpillar, Yanmar Bobcat, JCB and Hitachi. Simple get in touch today to find and finance your next mini digger.
Mini digger Finance and Leasing
Mini diggers are categorised as having an operating weight under 4,535 kg. Mostly used for smaller construction or landscape projects such as the installation of pools, home renovations, tree harvesting or repairing sewer lines. These machines offer a long list of benefits in comparison to standard sized excavators. Mini diggers are very easy to use, can be a cheaper alternative, perfect for tight spaces and have reduced noise pollution. It is clear why mini diggers are so popular amongst the construction and landscape sector, however it is key to make sure you select the right type of digger for your business.
How to Choose the right Mini Digger?
Understanding the role and requirements that the digger will need is key when selecting the right type. There are variety of different manufacturers, models and attachments to select from. The attachments can be purchased together with the digger whether you are looking to add a dozer blade, hammer, rippers or auger. The different types are categorised based on size. The micro digger is the smallest, but their size does not restrict their functionality as they still offer the same 360-degree swing and range of attachments. In comparison, the midi digger is the largest variant weighing between 6 and 1 metric tonnes with digging capabilities of large diggers.
For further advice on which type of mini digger is best suited for your business, please get in touch. We can point your business in the right direction and provide an affordable mini digger finance solution.
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
- We can source your vehicle
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Offer a range of flexible
finance options - Provide industry leading rates
- Both new and used vehicles
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Offer years of industry
experience
Benefits of Mini Digger 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.
Types of Machinery
