Lease Purchase Forklifts
Lease Forklift Trucks in the West Midlands
Forklift LEASE PURCHASE
When it comes to forklift lease purchases, there are a few things you need to know. Firstly, what is a forklift lease purchase? In short, it's a way of acquiring a forklift without having to pay the entire cost upfront. Instead, you can spread the payments out over an agreed-upon period of time, making it more affordable for your business. In this article, more detail about forklift lease purchase and how it can benefit your business will be given, as well as some tips on choosing the right forklift for your needs.
LEASE PURCHASE FORKLIFTS IN THE WEST MIDLANDS
A lease purchase is a great way to get your hands on the latest forklift models without paying for them all upfront. Instead, you can spread the cost of the forklift over an agreed term, making it more affordable for your business. In this article, we will take a more detailed look at lease purchase and how it can benefit your business, as well as provide some tips on choosing the right forklift for your needs.
THINGS TO CONSIDER WHEN SELECTING A LEASE-PURCHASE AGREEMENT FOR A FORKLIFT TRUCK:
When it comes to choosing a forklift, there are a few things you need to keep in mind. Firstly, what is the capacity of the forklift? This is important because you need to make sure that the forklift can handle the weight of whatever it is you'll be lifting.
- How much can you afford to pay each month?
- How long do you need the forklift for?
- What is the capacity of the forklift?
- What type of terrain will the forklift be used on?
- Do you need any special features or attachments for the forklift?
These are all important factors to consider when selecting a lease-purchase agreement for a forklift truck. If you keep these things in mind, you'll be sure to find the perfect forklift for your business needs.
OWN FORKLIFT TRUCKS THAT YOUR BUSINESS DEPENDS ON
We know how important the forklifts we supply, service and repair are to the clients we work with. In most cases the business itself would quite literally grind to a halt if the forklifts that move stock and equipment from one part to another either weren’t there or stopped functioning efficiently. That’s why we pride ourselves on offering a genuine one stop shop for any business which relies on forklifts, and the provision we offer often starts with one of our lease purchase plans.
Under a lease purchase plan the client is ultimately in the position of owning the forklift truck outright, having made set monthly payments for a period of three years. For some clients, this model of ownership is preferable, as it adds an asset to the balance sheet of their business and brings tax advantages.
100% of the cost of the forklift can be written off at the time of purchase under the Annual Investment Allowance (AIA), or 18% per year under Writing Down Allowances (WDA) until full relief has been given.
Clients who opt for a lease purchase plan from Atlas know that they also have the comprehensive backing of the wrap-around service we offer. Maintenance packages are available, we stock all of the attachments, tyres and spare parts their forklifts will ever need, and our LOLER examinations and driver training provision ensures that the safety of operatives and other employees is always paramount.
ADVANTAGES OF LEASING A FORKLIFT
There are both advantages and disadvantages to leasing a forklift truck. Some of the advantages include:
- You can get your hands on the latest models of forklifts
- Leasing is often more affordable than buying outright
- You can spread the cost of the forklift over an agreed term
DISADVANTAGES OF LEASING A FORKLIFT
Some of the disadvantages of leasing a forklift truck include:
- If you don't make your payments on time, you could lose the use of the forklift
- The monthly payments can be higher than if you were to buy outright
These are just some of the things to consider when deciding whether or not to lease a forklift truck. Weighing the pros and cons is the best way to make the right decision.
FORKLIFT LEASE PURCHASING - FAQ's
Most of the lease purchase plans we offer to customers here at Atlas Forklift span 3-5 years. Over that, the client will pay a monthly or weekly fee and by the time the contract has been completed, the forklift truck will become yours.
There are 7 common types of forklift trucks that can be leased. These include internal combustion forklifts, electric forklifts, order pickers, reach trucks, high-capacity forklifts, pallet jacks and pallet stackers. There’s a forklift truck for every need.
When you lease a new forklift truck from us, the truck can be yours to own within 3-5 years. There are also VAT benefits that come with choosing a forklift lease purchase. We can help you lease purchase forklifts in the UK here at Atlas Forklift. Also, when buying new machinery you can currently reclaim 125% capital allowances against corporation tax.
If you choose to lease a used forklift truck, there are some sacrifices that you have to accept. When you lease purchase forklift trucks that aren’t new, they’ll have more wear and tear, an existing mileage and they might be more expensive to repair if something goes wrong.
There are benefits that come with leasing used forklift trucks too. For example, the upfront costs are lower and they have a history of use. That also means that they’ve been tried and tested before you start using them.
There are some disadvantages that come with leasing new forklift trucks too. There’s no history that you can look at and assess, and you’ll have to pay VAT up front too.
For a lower budget, hiring probably makes more sense for you as it's an affordable and convenient option. Also, all repairs are handled & covered by AtlasForklift’s contract hire agreement in case there is a breakdown. A forklift lease purchase in the West Midlands is better for companies looking for more flexibility and those that want to eventually own the vehicle outright. You can also buy forklift trucks in Birmingham & West Bromwich from AtlasForklift.
Forklift trucks certainly can have resale value, but how much that value amounts to will depend on factors such as the brand, its age and usage, the overall build quality, the service history and, of course, the condition.
When you lease purchase a forklift truck from Atlas Forklift, it's your responsibility to look after the vehicle and cover the cost of any repairs that need to take place. You’ll also need to carry out forklift maintenance on any vehicles you lease from us.
You can lease a whole fleet if you want to. To decide whether it's the right option for you, consider budgets, your goals, your fleet replacement cycle and how flexible you are in terms of accommodating new equipment. You can Purchase Forklifts in the West Midlands with our help too.
BUY USED WEST MIDLANDS FORKLIFTS
We also have a wide range of used forklifts for sale, perfect for those on a budget or who only require a forklift for occasional use. All of our used forklifts are fully serviced and come with a warranty, so you can be sure they'll be up and running when you need them.
BUY NEW WEST MIDLANDS FORKLIFTS
If you're looking for a brand-new forklift, we can help you find the perfect model for your needs. We have a wide range of new forklifts from all the leading manufacturers, so you're sure to find the perfect one for your business. All our new forklifts come with a full warranty, and our team of experts is on hand to offer advice and support.
FORKLIFT FINANCE OPTIONS
We also offer a range of financing options to help make your purchase as affordable as possible. We understand that not everyone has the same budget, so we provide a range of financing options to suit all needs. Whether you're looking to lease, finance or buy outright, we can help you find the perfect solution for your business.
In conclusion, we also offer a range of financing options to help make your purchase as affordable as possible. We understand that not everyone has the same budget, so we provide a range of financing options to suit all needs. Whether you're looking to lease, finance or buy outright, we can help you find the perfect solution for your business.
HIRE A FORKLIFT
If leasing a forklift truck isn't for you we also have multiple hire options including long and short-term forklift hire within the West Midlands.