Haulage & Transport Finance
Haulage and transport equipment finance refers to the financial solutions designed to assist businesses in the transportation and logistics industry in acquiring the necessary vehicles and equipment for their operations. This sector often requires significant capital investment in trucks, trailers, and other specialized vehicles, and financing options help businesses manage their cash flow while obtaining the equipment they need to operate efficiently.
Haulage and transport equipment finance is crucial for the growth and sustainability of logistics businesses. It allows companies to expand their fleets, upgrade to more fuel-efficient vehicles, and stay competitive in a dynamic industry.
Key features of haulage and transport equipment finance include:
Types of Equipment Financed: Haulage and transport equipment finance covers a variety of vehicles and assets, including trucks, trailers, semi-trailers, refrigerated trucks, delivery vans, and other vehicles used in the transportation of goods.
Leasing: Businesses can opt for equipment leasing, allowing them to use the vehicles without the immediate financial burden of ownership. Leasing agreements often include maintenance and servicing provisions, providing additional benefits to the lessee.
Loans: Equipment loans involve borrowing a specific amount to purchase vehicles and transport equipment. The borrowed amount is repaid over time, typically with interest, and ownership of the equipment is transferred to the business once the loan is fully repaid.
Flexible Repayment Terms: Lenders may offer flexible repayment terms to accommodate the cyclical nature of the transportation industry. Repayment schedules can be structured to align with cash flow patterns or seasonal demand fluctuations.
New and Used Equipment Financing: Financing options are available for both new and used haulage and transport equipment. This allows businesses to choose between acquiring the latest technology or more cost-effective used vehicles based on their budget and operational needs.
Collateral: The financed vehicles often serve as collateral for the loan or lease. In case of default, the lender may have the right to repossess the equipment to recover the outstanding amount.
Maintenance Packages: Some financing agreements may include maintenance packages or warranties, reducing the burden on the business in terms of repair and maintenance costs.
Technology Upgrades: As technology plays an increasing role in the transportation industry (e.g., GPS tracking, telematics), some financing options may include provisions for technology upgrades to keep the fleet up-to-date.
- Spread the costs of purchasing new and used vehicles into affordable instalments
- Funding available for new and used equipment on terms of up to 84 months
- VAT deferral, subject to status
- Release cash equity from your existing transportation vehicles and equipment
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