Specialist
Plant Machinery Finance
For buying and refinancing heavy-duty, construction plant machinery
For buying and refinancing heavy-duty, construction plant machinery
Purchasing new plant machinery or equipment using company cash can significantly strain cash flow. Excavators, bulldozers, cranes or loading shovels don’t come cheap – so an excellent option to get you started could be to secure this equipment using finance.
Leasing is a rental agreement where a lessee can use and operate equipment or machinery under a lease agreement from the owner (lessor) in return for regular payments.
Depending on the type of lease agreement, at the end of the term, the lessee can continue making payments to use the equipment, get an equipment upgrade to benefit from improved technologies or return the equipment to the owner (lessor). They can save you from paying large sums upfront while securing the necessary equipment to help you get your business.
There are 2 types of equipment leases:
Hire Purchase is a popular financing option that allows businesses to spread the cost of an asset over time, making significant investments like plant machinery more manageable. This method of financing is particularly beneficial for businesses that require heavy-duty equipment such as loading shovels, bulldozers, and excavators but may not have the capital to pay for these assets upfront.
However, it’s crucial to consider that while hire purchase can make plant machinery more affordable in the short term, the total cost paid over the term of the agreement will be higher than if you had purchased the asset outright due to the interest charges.
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The UK market offers a wide selection of plant machinery suitable for various applications. Here are some popular models & types of plant machinery which can be financed through us at Clifton Private Finance:
| Equipment Type | Popular Models | Manufacturer | Typical Use | Key Features |
|---|---|---|---|---|
| Excavator | Caterpillar 336, Komatsu PC200, JCB JS220 | Various | Excavation, demolition, heavy lifting, grading, landscaping, mining | Long reach, high power, versatility with different attachments |
| Bulldozer | Caterpillar D9R | Caterpillar | Moving large quantities of soil, sand, rubble, or other such material during construction or conversion work | Large flat blade at the front, ripper at the back, track-based mobility |
| Crane | Various | Lifting and moving heavy materials, used in construction of tall buildings | High lifting capacity, can be fixed or mobile, equipped with a hoist rope, wire ropes or chains, and sheaves | |
| Loader | Caterpillar 966, 972 | Caterpillar | Moving loose material from the ground, such as dirt, sand, or gravel | Large bucket on the front, can be wheeled or tracked |
| Backhoe | JCB 3CX, 4CX, 5CX | JCB | Digging, trenching, back-filling, and material handling | Bucket at the back for digging, loader at the front, good for small to medium jobs |
| Compactor | Evolution Hulk Electric Wacker Plate Compactor, Wolf 8200N Petrol Compactor | Various | Reducing the size of waste material, soil compaction in construction | High power, can be plate or wheel-based, used in waste processing, road construction, or landscaping |
| Grader | Caterpillar 966, 972 | Caterpillar | Fine grading and finishing in road construction | Long blade in the center, used to create a flat surface |
| Paver | BGP 205 Mini Compact Wheeled Paver | Various | Laying asphalt in road construction, creating pavements in building construction | High heat and weight capacity, smooth laying mechanism |
| Skid Steer Loader | Bobcat T590, S70, S450, S530 | Bobcat | Digging, lifting, and loading, landscaping, building, and farming applications | Compact size, high maneuverability, versatile with different attachments |
| Compactor | Evolution Hulk Electric Wacker Plate Compactor, Wolf 8200N Petrol Compactor | Various | Reducing the size of waste material, soil compaction in construction | High power, can be plate or wheel-based, used in waste processing, road construction, or landscaping |
Prices can vary based on factors like condition, age, and configuration. Consult manufacturers or sellers for accurate, up-to-date quotes.
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The construction industry is a complex ecosystem that involves substantial expenditure. These costs can be broadly categorised into four main areas:
Operating Costs: These are the day-to-day expenses required to keep the business running. They include fuel for machinery, wages for staff, routine maintenance of equipment, and other overheads. It’s crucial to manage these costs effectively to ensure the profitability of the business.
Equipment Costs: This category includes the costs associated with the procurement, leasing, and repair of plant machinery. Given the high price tag of heavy-duty construction equipment, these costs can be significant. It’s important to consider factors such as the lifespan of the equipment, maintenance costs, and resale value when calculating equipment costs.
Infrastructure Costs: These are the costs associated with the development and upgrades of construction sites. This could include site preparation, installation of temporary structures, and implementation of safety measures.
Finance Costs: These are the costs associated with borrowing money to finance operations. They include interest payments on loans and leases, as well as any fees associated with securing financing.
Navigating this complex landscape of costs can be challenging. That’s where the role of a broker becomes invaluable. We, at Clifton Private Finance, can negotiate favourable terms with suppliers, identify cost-saving opportunities, and secure competitive financing.
With our deep understanding of the market, we can leverage our network and expertise to secure the best deals. This can result in substantial savings, making the investment in plant machinery more accessible and manageable. We'll provide valuable advice on managing risks and optimising the use of resources, contributing to the overall success of your business.
Your choice of finance agreement can significantly impact your tax liabilities. Here are some key considerations:
Remember, allowances can depend on factors like emissions, energy efficiency, and guidelines set by HM Revenue and Customs (HMRC).
The responsibility for maintenance and insurance can vary depending on the type of finance agreement:
Regardless of the type of agreement, comprehensive insurance is critical. It covers your assets and liabilities, protecting your business from unforeseen circumstances. Plant machinery insurance provides financial protection against the loss or damage of construction plant and equipment that you may have temporarily rented under contract.
If your business owns assets, it may be possible to unlock value to release cash. Typically, there are two ways to raise finance in this way. One way is to use the asset as a security for a loan. The second way, often called asset-based lending, is to sell an asset to a specialist lender for an agreed amount. Your business can then lease the asset back from the lender based on an approved capital plus interest repayment schedule.
Finding the optimal plant machinery finance solution can be daunting. At Clifton Private Finance, we can:
With access to multiple asset finance lenders and expertise in the industry, we offer bespoke solutions tailored to your budget and requirements.
If you're interested in financing plant machinery through leasing or other options, contact Clifton Private Finance today. Our expert advisors will answer your questions and provide a free, no-obligation quote.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
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I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
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