Handling Equipment Hire Purchase

Local Service

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Handled with heart and built on trust since day one.

Full Stock of Spare Parts

Everything you need, exactly when you need it.

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753 warranty that works as hard as you do.

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Comprehensive catalogue, covering every application.

Over 30 Years in the Business

Proven. Trusted. Time-Tested.

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.

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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.

Let’s Discuss Your Options

What our customers say

Brilliant Service

“The truck helps us to manoeuvre heavy goods quickly and efficiently to make sure jobs are completed and ready to be sent to our customers on time. This is the first time we have used HEUK. Brilliant service and we would not hesitate to use HEUK again and recommend it to anyone.”

ABI Laser – Cara Reader, Administration Manager

HEUK were a pleasure to deal with

“The truck arrived ready for us to unload a container, which went great! The truck worked flawlessly and made it a dream to unload. This is the first time that Deacon has worked with HEUK. We were very impressed with the service, delivery and overall commitment and attention throughout the sale process. HEUK were a pleasure to deal with and look forward to working with them again."

Deacon Products – Miles Connop, Sales Director

Such an easy purchase

"Thank you to the team for such an easy purchase of both our lithium-ion counterbalance forklift trucks. When I was first looking into the market to purchase a new counterbalance forklift, I came across Handling Equipment UK Ltd and they were really easy to talk to and understood our needs and advised me on which truck would be best. I can say the whole experience was very easy, and the truck was delivered very quickly and what a piece of kit it is. It has everything we need on it and more. I had noticed that the truck settings were not quite right, and with one phone call, one of the team had logged in to the truck remotely to adjust and fine tune the drive of the truck to make it perfect."

Pennine Lubricants – James Heathcoate and James Marshall, Operations Manager

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 material handling equipment during the finance agreement?
When choosing finance for our material handling equipment, 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 to hire purchase?
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 on my hire purchase agreement?
Missing a payment on your hire purchase agreement 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 your equipment in person before purchasing?
Handling Equipment UK welcomes all customers to visit our head office in Stourbridge, West Midlands, where our on-site warehouse holds the majority of our stock.
If you’d prefer, we can also arrange a truck demonstration at your site, giving you the opportunity to see our equipment in action.
For either option, simply give us a call, and our team will be happy to assist and make the necessary arrangements.