MACHINERY FINANCE

Delivering flexible finance solutions for all your specialist and standard machinery requirements.

To find out more about the finance options that Go Vehicles can offer, please choose one of the links on the right-hand side.

HIRE PURCHASE

Hire Purchase a traditional form of asset funding whereby the asset becomes the property of the lesee at the end of the agreement. The monthly payment is calculated by the capital cost of the asset, the amount of deposit and number of payments.

CONTRACT PURCHASE

Contract Purchase allows the purchase of an asset over a predetermined time period with a fixed monthly cost. This product removes the depreciation risks which are normally associated with asset ownership.

At the end of the agreement there is the option to purchase the asset for the predetermined residual value or alternatively walk away with nothing further to pay.

This purchase would appear as a balance sheet asset for the duration of the contract.

FINANCE LEASE

Finance Lease is a method of funding for VAT registered businesses or companies.

Finance Lease allows you to rent the asset rather than buy it. Normally rentals will be calculated over an agreed term, at the end of which, your leasing company will have recovered its outlay in purchasing the asset on your behalf.

The rentals can be offset against your profits while your leasing company will retain the right to any capital allowances.

OPERATING LEASE

If you are requiring finance for high value, specialised equipment or for assets needed to support a specific contract, then an operating lease is highly effective. Rentals will be based on the value of the asset over the period you require it and as a result can be linked directly to the revenue the asset generates. Unlike a finance lease, rentals will not cover the full cost of the asset but the leasing company will protect you from the risk by guaranteeing a residual value at the end of the term. You can generally deduct the full cost of the lease rentals from profits and the asset won't appear on your balance sheet.

CONTRACT HIRE

Commonly associated with vehicles but also available for a variety of other assets, Contract Hire is a lease agreement set for a period of time with a fixed monthly rental which is based on the capital cost of the asset. Service, maintenance costs and relief vehicles can also be incorporated in the rentals.

Contract hire offers a complete solution to sourcing, finance, management and ultimate disposal of your assets Service, maintenance costs and relief vehicles can also be incorporated in the rentals. Contract hire saves your business time and the one payment makes budgeting easy. All rentals are subject to VAT.