Forklift Finance

Finance your forklift

From industrial reach and counterbalance forklifts that you need for your factory and warehouse, to rough terrain and industrial side loader forklifts that are used on your farm or construction site, our team of construction experts will find you a viable solution to your finance.

We can arrange funding for the purchase of a new or used forklifts or look at options like restructuring existing finance agreements to unlock cash for your business.

What is forklift finance?

If forklift machinery is integral to your business or you only need a forklift for certain contracts, specialist equipment finance helps you fund its purchase whilst also negating the need to use business capital.

Forklift finance encompasses various types of funding, including hire purchase and leasing, as well as invoice finance, giving you the opportunity to select the solution that fits in with your business model best.

Our construction team at MAF Finance Group can assist with any needs you may have with financing a forklift for your business.

What types of forklift finance are available?

Hire purchase: With hire purchase, you put down a deposit towards the forklift and make monthly repayments over the period outlined until the end of the contract. At the end of the agreement, you will have full ownership of the forklift.

Finance leasing: If your business does not need to own the asset, a finance lease allows you to rent the machinery by making fixed repayments to the financier. You still have flexibility when the lease ends, however, you can decide whether you want to continue the contract, upgrade your machinery, or hand the asset back.

Invoice finance: This method harnesses the value of your unpaid invoices. Typically, you might have to wait 30 days or more before receiving payment for your invoices but with an invoice finance agreement, you can release around 90 per cent of the invoice soon after issue.

How does forklift finance work?

For forklift finance, you pay an initial deposit, and then a sequence of monthly payments follows for the length of the finance agreement. While you are not the owner of the asset throughout the length of the agreement, you can use the asset for business activities. With forklift finance, you can choose the length of the agreement, as well as the amount for the deposit.

Is forklift finance a good solution for your business?

Financing a forklift prevents excessive capital outlay being used and spreads the cost over the chosen period. It allows you to fulfil your contracts reliably without affecting your business’ overall stability.

The range and flexibility of the funding options also provide reassurance that your individual business’ needs will be met and that you are not overextending from a financial point of view.

Applying for forklift finance

MAF Finance Group work with a host of banks and funders to provide the most flexible financial solutions for you.

If you are interested in receiving a quote or require further information, simply fill out the form and we will respond shortly. If you would like to speak to someone directly, you can call us on 0115 958 6872, and one of our team will be happy to speak to you. Alternatively, email us at e[email protected].