Truck Leasing
The ability to transport your products or equipment to where they are needed is vital to any physical business. The need for a suitable, reliable vehicle should never stand in the way of your ability to offer your customers the highest standard of service, and now thanks to our flexible truck leasing packages, it doesn’t have to.
Truck Leasing
For many SMEs, the purchase of a new (or even used) commercial vehicle may be one of the largest single expenses for a given financial year. By taking advantage of a truck leasing offer, you can buy that new vehicle now and start reaping the rewards immediately. Having a new business vehicle rather than a rusty old one will improve the image of your business, while a newer truck is bound to prove more reliable, especially if your truck leasing package includes servicing. Add to this the option to spec a van or truck to perfectly match your needs, and it’s easy to see how a new goods vehicle for your small business can start paying for itself from the day it’s delivered. Meanwhile, even the largest companies will find it advantageous to spread the cost of large purchases by working with truck finance providers. And at Hard Asset Finance, we can make it happen.
So, what types of vehicles can we help with? Pickup trucks are very popular at the moment, as they offer high load carrying and towing capacity along with levels of speed and comfort similar to those of cars. Flatbed and tipper trucks are usually used for transporting large and heavy loads, such as construction equipment or building materials. Refrigerated vans and recovery trucks are specialised vehicles for specific applications, while artic tractor units are most frequently required by haulage companies. And at HAF, we can even help you find the type of vehicle you need, and put you in touch with dealers who can offer a range of truck leasing options.
Benefits of Truck 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.
