Confidential Invoice Discounting
Plant Hire Specialist
Telehandler with attachments
Clear Business Finance helps a provider of construction machinery and plant hire services to add an additional telehandler to their fleet on highly competitive terms.
The Challenge
A leading provider of construction machinery and plant hire services throughout the north of England was looking to add an additional telehandler to their fleet. The shareholders were very familiar with how finance could be used to support this purchase and always searched for the best terms on offer in order to maximise their letting potential.
Due to supply chain shortages and thus the increased lead time on new machinery, this business identified how acquiring a used telehandler could allow them to undercut the competition by having the asset ready for hire during the impending peak season. Furthermore, multiple attachments were available alongside this purchase which would give the asset a wider range of capabilities. However, many lenders won’t fund attachments due to their ability to be separated from the machinery, which presented a problem.
Key Facts
Approved Facility
£32,130
Product
Equipment Finance, Hire Purchase
Available Funds
24 hours
Contacted us via
Phone (We are easy to talk to)
The Results
At Clear Business Finance we understand there isn’t a ‘one fits all’ solution and that is where our expertise and knowledge pays dividends. Subsequently, through our partnership with over 60 of the UK’s leading high street banks and fintech lenders, we do have access to a number of well-renowned providers who are willing to fund attachments alongside a plant machinery acquisition.
Thus, within less than 24 hours we had secured our client a highly competitive hire purchase facility which would spread a £32,130 investment over an agreed 4-year term. The agreement facilitated a used asset and attachments, all while achieving our client’s main goal of minimal monthly repayments. All in all the rental price they could now offer to their target market would be much lower than the competition, while still allowing our client to maintain their desired margin.
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Success Stories
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Key Benefits
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Facility
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Available funds
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Available funds
within 24 hours
Client
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