Lease Contract Hire or Lease Purchase?

Castle Eden Lift Trucks offer a wide range of flexible finance solutions to meet your individual needs, whether you are a small organisation looking for a single truck or a large one looking for a fleet of trucks, we have the expertise to help.

What is Lease Purchase?

Lease Purchase enables you to acquire an asset while paying for it in instalments over an agreed timescale – the term. At the end of the term, you have the option to purchase the asset outright.Far more flexible than a conventional loan, Lease Purchase lets you spread the cost of your investment over the life of the asset, making it easier to budget. Lease Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment with a resell value.

What are the benefits?

  • More time to repay – Spread the cost over the life of the asset
  • Seasonality – We can structure repayments to take account of fluctuations in your cash flow
  • Keep control – You are the owner and can normally claim capital allowances
  • Tax efficient – You can offset your hire purchase interest and charges against pre-tax profits
  • Reclaim VAT on the capital cost (there are special rules for cars)

What is a Finance Lease?

A Finance Lease arrangement lets you use the equipment you need without having to buy it outright. You pay us rent for the full use of it. The rental period (the primary lease term) is flexible and can be tailored to your usage needs and cash flow.

What are the benefits?

  • Low initial outlay – Quick access to the asset you need without a heavy upfront investment
  • Flexibility – Rental payments and lease periods can be designed to match your cash flow
  • Tax efficient – Rentals can usually be offset against pre-tax profits
  • Reduce costs – Reclaim VAT on rentals

What is Contract Hire?

Contract Hire is for customers requiring a piece of equipment long-term, but don’t want to purchase outright. With a single, fixed monthly fee there are no unexpected bills to pay, full service and breakdown cover (parts & labour) can all be included.

What are the benefits?

We pride ourselves on adhering to the highest standards of professionalism. We maintain our equipment to the highest standards and, additionally, even offer a free, no-commitment site assessment – so you can be sure that you have the most appropriate tools for your application.

  • No unexpected bills
  • No breakdown cost
  • No parts cost
  • No labour cost

Contract hire allows customers to plan their year’s budget with confidence, knowing exactly how much their materials handling equipment will cost.