Specialist
Train Finance and Leasing
For buying and refinancing trains
For buying and refinancing trains
High quality train finance 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.
Here, we'll delve into the world of train finance and leasing, exploring the various options available for acquiring trains in the UK. From passenger trains to freight locomotives, we'll provide an overview of popular models, finance options, and the advantages and disadvantages of each. Additionally, we'll cover topics such as tax implications, maintenance, and insurance, as well as the role of finance brokers in securing the best deals.
Remember, investing in trains, whether for public transportation or commercial purposes, can be a significant undertaking, and with the right finance or lease plan, it becomes more attainable than you might think.
When looking to acquire trains for your business or organisation, you have several finance and leasing options to consider. Each option has its pros and cons, depending on your specific needs and cash flow. Here are some of the most popular options:
The UK train market offers a wide range of models suitable for various applications, including passenger transportation, freight operations, and specialised services. Here are some examples of popular train types and their approximate price ranges:
| Train Type | Model | Price Range in UK |
|---|---|---|
| Passenger Trains | Bombardier Aventra | £2.1 million - £4 million |
| Hitachi AT300 | £3 million - £5 million (estimated) | |
| Stadler FLIRT | £2 million - £3.5 million (estimated) | |
| Freight Locomotives | Vossloh EuroLight | £1.5 million - £2.5 million (estimated) |
| Stadler EuroDual | £2 million - £3.5 million (estimated) | |
| Škoda 7E | £1 million - £2 million (estimated) | |
| Specialised Trains | Network Rail Track Renewal Trains | £5 million - £15 million (estimated) |
| Vacuum Waste Disposal Trains | £2 million - £5 million (estimated) | |
| Snowblower Trains | £3 million - £7 million (estimated) |
When it comes to train finance and leasing in the UK, understanding the tax implications is crucial. The type of finance or lease agreement you choose can have a significant impact on your tax liabilities.
For instance, if you opt for a train lease, you may be able to reclaim a portion or all of the VAT on your monthly payments if your company is VAT-registered. The amount you can claim depends on the extent of private use of the train, if any. If the train is used solely for business purposes, you can typically claim up to 100% VAT back on the initial rental and monthly instalments.
In terms of corporation tax, limited companies can often claim a significant portion or all of the monthly payments back through their corporation tax bill. This also applies to costs such as maintenance packages alongside your lease agreement. However, the specific allowances and deductions are determined by HMRC (HM Revenue and Customs) and may vary based on factors like the train's emissions and energy efficiency.
The responsibility for maintenance and insurance of a financed or leased train typically depends on the type of agreement you choose. Here are some common types of agreements:
When it comes to insurance, it is typically the responsibility of the lessee or owner to ensure that the train is adequately insured. The insurance policy must cover the train and any potential liabilities associated with its operation. Insurance for the rail industry can be complex due to the unique risks involved, so it’s important to work with an insurer who understands the specific needs of the rail sector.
Typically, at the end of a train finance agreement, you'll have three main options:
Return: Hand back the train and walk away. No further payments or fees are required. This option is suitable if you only needed short-term use of the train.
Upgrade: Use any equity or residual value to secure a new train on a fresh finance plan. This is a convenient option if you want to upgrade to the latest model or technology.
Buy Outright: Pay the pre-agreed residual value ('balloon') to purchase the train outright. This is an ideal choice if you would like long-term ownership and continued use of the train.
It's essential to consider your business needs, the condition of the train, and the associated costs to determine the best option for you. Discuss your requirements with your finance provider well in advance of the end of the agreement to ensure a smooth transition.
Finding the best deal for train finance and leasing can be a complex and daunting task, especially if you are not familiar with the different options, terms, and conditions. That's why using a finance broker can be incredibly beneficial. At Clifton Private Finance, we can help you:
Compare different lenders and products: We have access to a wide range of lenders and products, and we can find the ones that suit your needs and preferences. We'll help negotiate better rates and terms on your behalf, saving you time and money.
Advise you on the best option: Our team can explain the pros and cons of each option and help you make an informed decision. We'll answer any questions you might have and guide you through the application process.
Handle the paperwork and administration: We'll handle the paperwork and administration involved in securing your train finance or leasing. We liaise with lenders, the manufacturer or supplier, and the insurer, ensuring a smooth and hassle-free transaction.
At Clifton Private Finance, we are a leading finance broker in the UK, and we specialise in train finance and leasing. 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.
If you are interested in acquiring trains through finance or leasing, 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 train finance and leasing requirements on 0203 900 4322.
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
