Contract hire gives the customer the use of the equipment at a low monthly rental without any of the risks of ownership. The terms offered are between 12 months and 60 months which include all maintenance and repairs the only exclusions being tyres and damage
Lease purchase, is a form of hire purchase. Lease purchase gives similar tax benefits to cash purchase, but spreads the cost with a monthly fixed payment, as with all products, we can tailor the agreement to specific needs, in addition with a lease purchase agreement, the interest can be offset against taxable income. At the end of the agreement, ownership of the forklift truck is obtained.
Similar to contract hire but without any fixed maintenance obligation. This is a hire agreement where the rentals in the fixed period cover the whole of the capital outlay of your truck. At the end of the fixed period the lease can enter a secondary period subject to a nominal annual rental or the truck may be sold to a third party. In which case the majority of the sales proceeds are rebated.