How do you finance a truck and trailer?
Heavy vehicle finance gives you the ability to purchase trucks, trailers and heavy-hauling vehicles for your business.
Here are some options for finance:
Finance lease: The lender purchases the vehicles and leases them back to you for a specific term. After this time, you’ll have the option of trading it in or refinancing the lease.
Commercial hire purchase: This is like a finance lease, however, when the lease term ends you will own the vehicle.
Chattel mortgage: In this scenario, the vehicle is owned by the business but will be used as security against a mortgage.
If you’re looking to finance any type of heavy machinery, contact a broker today and we can assist you by comparing the most suitable lenders for your situation.