Heavy vehicle finance gives you the ability to purchase trucks, trailers and heavy-hauling vehicles for your business.
Here are some options for finance:
Finance lease
The lender purchases the vehicles and leases them back to you for a specific term. After this time, you’ll have the option of trading it in or refinancing the lease.
Commercial hire purchase
This is like a finance lease, however, when the lease term ends you will own the vehicle.
Chattel mortgage
In this scenario, the vehicle is owned by the business but will be used as security against a mortgage.
If you’re looking to finance any type of heavy machinery, contact a broker today and we can assist you by comparing the most suitable lenders for your situation.
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