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JST Forktrucks are UK main dealers for new forklift trucks from quality manufacturers Yale, JCB, and CombiLift. We have branches in Wellingborough and Doncaster serving nationally in the UK. Contact Us. |
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Forklift Finance Options
Cost effective solutions for your forklift truck procurement
Investing in your business is crucial, but tying up your working capital could mean missing out on other opportunities. The decision of how to fund the purchase of forklifts and materials handling equipment is an important one. That is why JST offer a range of financial options that can be carefully structured to meet with your organisations needs!
Forklift Contract Hire
If you would like to use a forktruck for a set period with no unexpected costs –
Then contract forklift hire may be the option for you!
Forklift Contract Hire is an agreed fixed monthly charge which covers both the finance and the maintenance element of the equipment through out the term. The agreement runs for a specified period which can be from 2 up to 7 years with the equipment being collected at the end of the term when a new fork truck can be supplied.
No Hidden Extras
- Fixed costs for finance including full service and maintenance for the term of the contract
- Fixed budgeting with no unexpected repair bills
- Contract history and service data easily accessible throughout the term
- Hassle free disposal of the fork truck at the end of the contract
- No Final Payment
Financial Benefits
- Forklift Trucks can be acquired without having to call on cash reserves
- Tax relief on the whole rental amount can be claimed through your profit and loss account
- VAT is payable on monthly/quarterly rentals and not upfront in one lump sum
Other Features
- Benefit from a single hire agreement
- Agreed term and hours worked from the onset
- Reduction of downtimes: Integrated full service and maintenance package, overnight spare parts supply,
- Customer web interface access
- Ability to keep up with the latest technology
Forklift Hire Purchase
If you want to own your fork lift truck today but spread the payment over time
Then Forklift Hire Purchase/Lease Purchase is the solution
It offers the same tax benefits as paying cash but allows you to spread the cost of a number of years with the period and payments agreed at the outset. At the end of the agreement you retain ownership of the forktruck equipment. During the agreement apart from claiming Capital Allowances, all interest payable can be offset against taxable income
Improves your Cash Flow
- Allows you to acquire fork trucks without having to call on cash reserves
- Able to use the truck to generate income as you pay
for it - Agreed monthly payments
- No Final Payment
Financial Benefits
- Capital Allowance on the fork lift truck can be claimed
- VAT is immediately recoverable on the whole of the purchase
- Interest elements of you repayments are allowable against taxable profits
Other Features
- Ownership of forklift truck passes to you at the end of the agreement
- The fork truck is treated as an asset on your balance sheet from the start of the agreement
- You have full control over the fork truck as you will be responsible for maintenance, repair, service and insurance
- Choice of Service Plans can cover the equipment
Forklift Finance Lease
Would you like the benefit from the advantage of financing a forklift truck only – without any service & maintenance?
Ideal if you wish to use the equipment without owning it, fixing your rental payments from day one and having the flexibility to retain use of the fork truck at the end of the agreement subject to an nominal annual rental. Normally matched to a planned replacement period
Then Finance Lease may be the option for you!
Improves your Cash Flow
- Low initial outlay, frees up capital for your business
- VAT is paid on the monthly rentals and not the purchase cost, more effective for budgeting
- Rates, and therefore rentals, are fixed from the onset for more effective budgeting
- No Final Payment
Financial Benefits
- 100% of your forklift rentals are allowable against tax
Other Features
- Forklift Trucks have to be accounted for on your balance sheet
- Ownership of the fork truck never passes to you
- You have full control over the fork truck as you will be responsible for maintenance, repair, service and insurance
- Choice of Service Plans can cover the equipment
