Trailer Finance

Finance Your Trailer

For businesses operating in the haulage sector, trailers are an essential asset. Trailers allow haulage businesses to operate to their full potential and carry our necessary exercises.

The financing method best suited to your business will depend on factors including the type of asset you are financing and your business operations.

We can arrange finance for haulage businesses in the market to acquire a trailer. Whether that is a Tri Axle, Skeletal, a Low Loader or a different asset, we can help.

What is trailer finance?

Trailer finance is a way for businesses to acquire a trailer whilst purchasing the asset in a financially sustainable way, considering both the working capital and cash flow.

The financing of the trailer can be completed through hire purchase and a finance lease, spreading the cost of the asset over an allocated time. If a business has valuable assets on their balance sheet, asset refinancing could prove to be an ideal solution when looking to fund a trailer.

MAF Finance Group can provide assistance to any request a haulage business has across the country.

Types of trailer finance available

Hire purchase: This financing method allows businesses to spread the cost of essential assets over a fixed term with regular payments, with agreements usually lasting for around 5 years, after this time, you will own the asset. Flexibility is also offered with the deposit amounts, monthly payments, and the final lump sum.

Finance lease: This method of finance allows businesses to rent an asset over a set period. VAT is paid on rental payments rather than the purchase price, and maintenance is typically the business’ responsibility. At the leases end, you can either extend the lease or return it to the finance company.

Asset refinance: With asset refinancing, we’ll conduct a current valuation to determine the amount that can be raised from the assets on your balance sheet. The more equity in an asset, the more capital you can access. This option can reduce monthly payments and provide funds for purchasing new assets.

How does trailer finance work?         

In the trailer finance process, you pay a deposit on the asset, and the remaining amount will be paid back over the set time frame, with monthly payments being made throughout. Whilst in the agreement, you do not own the trailer, but this asset can be used for your business’ activities. With trailer finance, you can select how long the term will be and the amount deposited.

Is trailer finance right for my business?

Trailers can incur a high cost if they are to be bought outright. Through financing this asset, with solutions including hire purchase and finance leasing, a trailer can be used for your business without jeopardising your business’ finances.

With a fixed repayment structure and predictable payments, fitting the financing agreement for your trailer with the rest of our payments is a simple process and can make budgeting a stress-free process.

Applying for trailer finance

MAF Finance Group work with many banks and funders to identify the financial solution best suited to your business’ operations.

If you would like to get a quote or want to learn more about our offerings, simply fill out our form and we will contact you. If you would like to speak with us directly, call us on 0115 958 6872 and a member of our team will be happy to speak to you Alternatively, email us at [email protected].