Asset finance for transport and logistics

Asset finance for transport and logistics

If you are looking at funding in the transport and logistics sector we can help you ease cash flow through hire purchase, leasing or asset refinancing.

Tighter margins, increased fuel costs and stringent European legislation are placing increasing financial burdens on many businesses in the industry. We can work with you to identify funding solutions and provide finance to help spread the cost of purchasing new vehicles or release working capital from your current fleet and equipment. Our experience throughout the industry ensures our clients enjoy the highest levels of service and commitment.

Assets we finance include:

  • Buses and coaches (PSV's)
  • Cars
  • Construction
  • Tankers
  • Tippers
  • Trailers
  • Trucks (HGV’s)
  • Vans (LCV’s)

Finance products we offer for the transport and logistics industry

  • Hire Purchase
  • Sale and HP Back
  • Refinancing
  • Finance Lease
  • Operating Lease

Our Hire Purchase product provides the flexibility to spread the cost of an asset over a fixed period.

Whether you are buying vehicles, engineering machinery, construction equipment, or other commercial equipment that has a resell value, Hire Purchase offers you fixed monthly repayments so you can manage your budget effectively over the repayment term. Plus, when the repayment term is finished, you own the asset.

Sale and HP Back is an innovative product that enables you to unlock the capital held in your existing assets. It is a simple yet effective way to finance a business that is aiming for expansion.

With this product we purchase the asset at an agreed value and finance it back to you over a fixed period with repayments matching the income stream generated by the asset. We can also consider assets that are already under a finance agreement. Sale and HP Back finance is available to sole traders or large scale businesses and can be used against most types of equipment.

Whether you need additional working capital or you want to restructure an existing agreement, Refinancing is an option for the quick release of funds.

Based on an asset’s value (whether you own it outright or are currently under an existing finance agreement) our experienced asset finance specialists will work with you to get the most from the refinance facility.

If you want to maximise the use of your equipment without the responsibility of owning it, a Finance Lease will give you the freedom and flexibility you need. Also referred to as a full-payout lease, we seek to recover the full cost of the asset, along with interest, over the primary agreement term. You will have full use of the asset for its useful life, being responsible for its maintenance and insurance.

At the end of the primary lease term, you can either:

  • Enter into a secondary rental period
  • Choose to sell the asset and receive the majority of the sale price
  • Return it to us

For a flexible way to enjoy an asset, Operating Lease is a great solution. It allows you full use without the burden of ownership.

The lease period is for a fraction of the asset’s useful life, which means you only pay for the difference between the original purchase price and the residual value at the end of the agreement.

At the end of the lease term, we are responsible for disposing of the asset along with recovering the residual value on which the agreement was based.

To find out how we can help, please contact us today.