Handling Equipment Hire Purchase
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Forklift Hire Purchase
A forklift hire purchase agreement provides you with a straightforward way to invest in new materials handling equipment while protecting your cash flow. Rather than paying the full cost upfront, you will make fixed monthly instalments over an agreed term. You will also gain full ownership of your equipment once the final payment is made.
This option is ideal for businesses wanting to spread costs and still reap the tax benefits of equipment ownership. Plus, with predictable payments, forklift hire purchase makes it easier to plan and budget your finances. Whether you’re expanding your fleet or seeking equipment upgrades, hire purchase agreements give you the freedom to invest without a large initial investment.
Stock Arriving Daily
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EP Equipment Counterbalanced Li-ion Yard Forklift Truck 3000Kg with front and rear screen and side shifting fork positioner
4800mm Lift Height3000 - 4000kg CapacityNewFinance From £74.78 +VAT p/w £20,449 +VAT
EcoWarrior Counterbalanced Li-ion Yard Forklift Truck 2000Kg – Eco201
4800mm Lift Height2000 - 3000kg CapacityNewFinance From £54.85 +VAT p/w £14,999 +VATEP Equipment 3-wheel Li-ion Forklift Truck – TDL161 1600Kg
6000mm Lift Height1000 - 2000kg CapacityNewFinance From £64.48 +VAT p/w £18,499 +VATEcoWarrior 900kg Full-Electric Rotating Counterbalanced Workshop Crane with Slewing Jib
3180mm Lift Height500 - 1000kg CapacityNewFinance From £39.11 +VAT p/w £10,695 +VATContact UsEP EFL353 3500kg Electric Forklift with Li-ion Battery 4800mm lift
4800mm Lift Height3000 - 4000kg CapacityNewFinance From £80.45 +VAT p/w £21,999 +VATEP EFL353 3500kg Electric Forklift with Li-ion Battery 4800mm lift with Full Steel Cab and Sideshifting Fork Positioner
4800mm Lift Height3000 - 4000kg CapacityNewFinance From £85.94 +VAT p/w £23,499 +VATEP Equipment Counterbalanced Li-ion Yard Forklift Truck 2500Kg with front and rear screen and side shifting fork positioner
4800mm Lift Height2000 - 3000kg CapacityNewFinance From £73.14 +VAT p/w £20,449 +VATEP Equipment 5000kg Electric Forklift Truck – CPD50L1 6000mm triplex
5000mm Lift Height4000 - 5000kg CapacityNewFinance From £153.13 +VAT p/w £41,954 +VAT
Why Choose Hire Purchase?
Hire purchase agreements offer flexible paths to ownership with the reassurance of fixed, predictable payments. This could be a great option for your business if you:
- Would like to own the asset at the end of the term.
- Prefer predictable budgeting with no surprise costs.
- Want to retain access to capital for other investments.
- Wish to reap capital allowances and tax benefits on purchased equipment.
So, how is hire purchase different from leasing?
Both hire purchase and leasing options allow you to avoid large initial costs. Hire purchase ensures full ownership upon the final payment. Leasing is best suited for businesses seeking temporary use over a few years without the commitment of ownership.
FAQs
Have questions about hire purchase agreements? We’re here to help.
Take a look at some of our most common queries. If you don’t see what you’re looking for here, please get in touch with our team.- Do I own the equipment during the agreement?
Ownership will transfer to you once all agreed-upon payments have been made. Until then, the finance provider owns the units.
- Are there tax advantages?
Yes, there are tax advantages to hire purchase, since it is treated as a purchase, rather than a lease. With new forklifts in particular, many models are also eligible for the government’s full expensing scheme, meaning you receive a state-funded return on part of your spend.
- What happens if I miss a payment?
Missed payments may affect your credit and could result in the repossession of the equipment. Please contact us early if you are having difficulties.
- Can I view the products in person?
Yes! You are more than welcome to visit our head office in Stourbridge, West Midlands. We’re lucky enough to have an on-site warehouse where we store the majority of our stock. You can also arrange a demonstration of a truck on your site to see the magic for yourself.
For either of these, please give us a call so that we can best assist you.
