Financial Benefits of lease purchase and hire purchase

The benefits of hiring

Feel the benefits of a more flexible hire plan and rent for a day, week, month, or year. Many of our customers find our long-term hire and service contract is a better alternative than buying.

Free up your cash flow

Contract hire agreements offer a complete package, and can include delivery, maintenance, servicing and repairs. In most agreements, rentals are 100% allowable against tax

How the customer can benefit from Contract Hire

  • Full package — delivery, maintenance, servicing and repairs are covered so no surprise costs

  • Easy budgeting to give you peace of mind over your cash flow

  • Deals are structured to your specific needs

  • Tax-efficient –100% of rentals paid are normally offset against taxable profits

  • Frees up capital for other investments

  • Off-balance sheet funding — equipment does not depreciate on your balance sheet

  • Improves your gearing ratio

  • Rentals are classed as a revenue expense on your profit and loss account

  • Unlike lease purchase, VAT is payable on each rental rather than in full at the outset, this eradicates the need for any large VAT payments upfront

We offer an extensive range of leading brands from TCM and many more quality manufacturers. So whether it’s a construction project or warehouse support, you’ll find the right truck for the job at the right price.

All of our forklifts are professionally checked and serviced before hire. In the unlikely event of a breakdown however, our 24/7 recovery service still applies and we’ll have one of our technicians to you within four hours.

Call us on 0191 271 0899 to arrange a no obligation site assessment.