Specialist
Refuse Collector Finance and Leasing
For buying and refinancing refuse collector vehicles
Speak to us today...
For buying and refinancing refuse collector vehicles
Speak to us today...
High quality refuse collector finance and leasing solutions for UK & international clients.
We can deliver enhanced, bespoke or exclusive terms through our market knowledge.
Call us on 0203 900 4322 to discuss your requirements.
Refuse collection vehicles are indispensable in maintaining community health and cleanliness. These specialised vehicles, equipped with compactors and lifters, are essential for local authorities and waste management companies responsible for the collection and transportation of waste.
In the UK, where environmental sustainability is a priority, having access to a reliable refuse collection vehicle is not just a convenience—it’s a necessity. This guide aims to provide you with a thorough understanding of the financial aspects of acquiring a refuse collection vehicle, ensuring that your business is well-prepared for the operational demands ahead. Here’s a look at what this guide contains:
Remember, selecting the appropriate finance or lease plan for a refuse collection vehicle is pivotal in enhancing your operational efficiency, especially in a sector where these vehicles are essential for daily operations.
When it comes to financing or leasing a refuse collection vehicle for your waste management operations, several tailored options are available in the UK, each with its own set of benefits and considerations. Here’s a breakdown of the most common financial routes for refuse collection vehicle procurement:
Each of these options presents a viable path to equipping your business with essential refuse collection vehicles, ensuring that you can maintain community health and cleanliness effectively. It’s essential to consider the specific needs and financial health of your business when choosing the right financing or leasing solution for a refuse collection vehicle - at Clifton Private Finance, we can help with this. Remember to explore the potential of electric refuse collection vehicles (eRCVs) as they can offer substantial cost and emission savings.
In the UK, refuse collection vehicles are an essential part of urban sanitation and waste management. Various models from reputable manufacturers are available for finance, offering a range of capabilities to meet diverse operational requirements. Below is a selection of popular refuse collection vehicle models and their approximate price ranges, based on current market data:
| Vehicle Type | Model | Price Range in UK |
|---|---|---|
| Refuse Collection Vehicles | Dennis Eagle Elite | £130,000 - £160,000 |
| Volvo FE | £110,000 - £150,000 | |
| Scania P-Series | £90,000 - £130,000 | |
| Mercedes-Benz Econic | £95,000 - £140,000 | |
| DAF LF | £80,000 - £120,000 | |
| Iveco Eurocargo | £85,000 - £125,000 | |
| Electric RCVs (e.g., Biffa eRCV) | Prices vary |
These prices are indicative and subject to change based on the vehicle’s condition, mileage, and specific features. It’s advisable to consult with dealers or financial services for the most current and detailed pricing information.
Refuse collection vehicles, such as the Dennis Eagle Elite and Volvo FE, are widely used across the UK for their efficiency and reliability. The emergence of electric refuse collection vehicles (eRCVs) like those operated by Biffa aligns with the increasing focus on sustainability and the reduction of carbon emissions in urban environments.
When considering financing options for a refuse collection vehicle, it’s crucial to factor in the total cost of ownership, including maintenance, insurance, and potential modifications for specific use cases. Finance agreements can be tailored to accommodate these considerations, ensuring that your investment is both practical and cost-effective for your waste management needs.
Understanding the tax implications of refuse collection vehicle finance and leasing is a crucial aspect of managing your business’s finances in the UK. Here’s how different finance options can affect your tax position:
For dedicated refuse collection vehicles, there are specific tax and regulatory exemptions to consider. These vehicles are often exempt from the annual roadworthiness vehicle test under certain regulations. Additionally, with the push towards zero-emission fleets, operating electric refuse collection vehicles (eRCVs) can generate substantial cost and emission savings, as well as help to deliver net zero targets. However, if the refuse collection vehicle has a standard chassis that is occasionally converted for other uses, it may not qualify for these exemptions and would be taxed as a standard commercial vehicle.
The upkeep and insurance of a refuse collection vehicle under finance or lease in the UK are contingent upon the agreement’s structure.
With Contract Hire, the financial institution typically assumes the responsibility for the refuse collection vehicle’s maintenance and general wear. This arrangement ensures that the vehicle is serviced and maintained regularly, offering you consistent costs and the assurance that the vehicle will be in top condition for its daily operations. In contrast, a Finance Lease agreement requires you to undertake the maintenance responsibilities.
This means your business is accountable for the regular servicing and any repairs that the refuse collection vehicle may need, which allows for more control over the vehicle’s condition but also adds to your operational considerations.
Insurance-wise, it is imperative that the refuse collection vehicle is covered under your business’s motor vehicle insurance policy. The policy should be in the name of your company, ensuring that any driver authorised by your business is legally covered to operate the vehicle.
Comprehending these obligations is essential when selecting the most suitable finance or lease solution for your refuse collection vehicle. We can help guide you through aspects of refuse collection vehicle finance; providing tailored advice, and ensuring that your choice aligns with your business’s operational requirements and financial strategy.
As the asset finance term for your refuse collection vehicle nears completion in the UK, you will encounter several strategic options:
Finding the best deal for refuse collector vehicle finance and leasing can be a daunting task, especially if you are not familiar with the different options, terms, and conditions. That’s why using a finance broker can help you get the best deal and the most suitable option for your purchase. At Clifton Private Finance, we can help you:
At Clifton Private Finance, we are a leading finance broker in the UK, and we specialise in commericial vehicle finance. We have access to multiple asset finance lenders, and we always compare the best options to offer you bespoke finance solutions that suit your needs and budget. We can also help you with any type of commericial vehicle - from minivans to trucks, and specialised vehicles depending on the business.
If you are interested in buying a refuse collector vehicle on finance, contact us today and speak to one of our expert advisers. We will be happy to answer any questions you may have, and provide you with a free, no-obligation quote. We look forward to hearing from you soon.
Call us today to discuss your requirements on 0203 900 4322
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.
Myr B
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.
Rowena C
