Tractor Unit Leasing
Tractor unit leasing and finance solutions by HAF’s truck division. Supporting all forms of finance agreements such as Lease Finance, Hire Purchase, Operating Lease or Business Contract Hire. Spread the cost of your tractor unit over an agreed period from 1-5 years with industry leading rates. Whether you are an established or new start business we can find a solution for you.
Please send an enquiry form through or give us a call today.
What is a Tractor Unit?
A tractor unit, also known as a traction unit, semi-truck or prime mover is a large heavy-duty vehicle that can be used to tow trailers. These long-lasting vehicles have large displacement engines and are characterised by efficiency and durability. The type of tractor unit that best suits you will depend upon purpose of use and often the type of cargo being towed. Selecting a second-hand tractor unit which is in good condition is often the best solution for businesses. HAF can help you select from the top manufacturers in the world whilst providing a finance option that is affordable and simple to obtain.
This is a list of the most trusted manufacturers in the market: Man, DAF, Iveco, Renault, Scania and Mercedes-Benz. Selecting the best make and model can be difficult but here at HAF we can point you in the right direction to help source a truck that meets your requirements. If you are a company that specialises in over-sized cargo transportation, then a high-powered unit will be required. Alternatively, if your business specialises in oil product transportation then an average engine power will be suitable for this purpose.
HAF can also provide finance on the trailers powered by the tractor unit. These are separate to the tractor units themselves and there several different types of trailers: flatbed, refrigerated, box van, curtain side, low loader and skeletal trailers. The box van is the most popular, with it being enclosed it provides the most protection for cargo even through tough weather conditions. The most common type of trailer seen on our roads and used by the haulage industry is the curtain side trailer. It allows for goods to be loaded and un-loaded quickly from the side of the trailer.
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 Tractor Unit Leasing
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 Trucks
