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Asset Finance Group

Wed September 28 2016

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0845 1289700Asset Finance Group

Plant finance covers a broad range of potential items of equipment that can be financed including excavators, skips, compressors, diggers, etc, etc. The full range of construction equipment can be considered for finance including waste and recycling equipment.

In fact the list of plant that can be financed is endless as long as it meets the normal plant finance criteria, namely that the plant & machinery is identifiable, moveable and durable. The basic concept is that the cost of the plant finance is spread out over a number of years within the expected useful life of the asset which aids the overall finances of the business.

An example where plant finance was put in place was a Plant Hire company that wanted to buy a used Komatsu excavator to add to its fleet of construction equipment that it hired out to various sites around the UK. The excavator was being bought second hand from a dealer with a purchase price approaching £50,000. A machinery lease agreement was put in place with payments taking place over a four year period.

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White Colne
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CO6 2PP

Tel: 0845 1289700

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