Specialist
Loading Shovel Finance and Leasing
For buying and refinancing loader shovel vehicles, and heavy equipment for construction purposes
For buying and refinancing loader shovel vehicles, and heavy equipment for construction purposes
In the field of construction, loading shovels are essential for moving large volumes of material efficiently. These robust machines, equipped with a front-mounted bucket, are designed to tackle heavy-duty tasks with ease. Investing in a loading shovel is a significant decision for any construction or development project.
At Clifton Private Finance, we specialise in loading shovel finance, offering bespoke financial solutions to support your acquisition of this vital equipment. Our expertise in construction vehicle finance ensures that we provide options tailored to your project’s unique requirements.
Similar to other forms of asset finance, loading shovel finance allows your business to spread the cost over a manageable period, with predictable monthly payments and fixed interest rates. Our comprehensive finance options include:
Choosing Clifton Private Finance for your loading shovel finance needs means your business can:
Our commitment is to facilitate your success by providing financial solutions that align with your construction goals. Allowing you to have the right tools to move your projects and business forward.
When considering finance for loading shovels, it’s crucial for businesses to assess the various options that align with their operational goals. Clifton Private Finance is dedicated to providing a diverse range of loading shovel finance and leasing choices, each designed to cater to different business strategies and requirements. Below is an overview of the main financing methods we offer:
Hire Purchase (HP):
Finance Lease:
Operating Lease:
The process of obtaining finance or leasing for a loading shovel in the UK is streamlined and customised to meet the specific needs of construction equipment financing.
The journey begins with an application that captures both personal and business details, as well as information about the loading shovel you’re interested in. It’s vital to demonstrate a solid credit history and the capacity to handle monthly repayments.
Once submitted, your application is carefully reviewed, leading to a personalised quote that spells out the terms of the finance or lease for the loading shovel. This includes the total cost, the term of the agreement, interest rates, and any additional charges.
After choosing a financial partner, you’ll sign the contracts and pay any necessary fees or deposits. The financier then oversees the transfer of funds to the vendor or coordinates the delivery of the loading shovel to your site. From there, you’ll begin making fixed monthly payments until the end of the agreement.
Depending on the type of finance or lease you choose, there will be specific responsibilities regarding the maintenance, insurance, and taxes for the loading shovel. It’s crucial to keep the equipment in excellent condition and comply with all contractual terms. Failure to do so, or any delays in payment, could lead to the financier taking back the loading shovel and applying additional fees.
When it comes to financing and leasing loading shovels, Clifton Private Finance offers a wealth of benefits and considerations to ensure that your business makes an informed decision:
At Clifton Private Finance, we’re committed to guiding you through the nuances of each option, ensuring that you select a finance or leasing plan that aligns with your financial strategy and supports the growth and efficiency of your construction projects.
Interest rates vary by finance type, lease terms, and lender policies. Longer terms may offer lower rates but could increase the overall cost. Comparing rates from different lenders is recommended to find the best offer.
To qualify, you’ll need a strong credit history, detailed financial information, and evidence of repayment ability. Lenders will assess your application based on creditworthiness, business details, and the specific loading shovel model you’re considering. They’ll ensure you can manage the monthly payments before offering a finance quote.
Yes, your finance plan may allow for upgrading your loading shovel, which is beneficial for adapting to technological progress and changing business needs.
The amount you can borrow will depend on the finance or lease type, the loading shovel’s value, and your financial standing. Different financing options have varying borrowing limits. It’s wise to borrow within your means, considering your budget and cash flow.
Finance lease rental payments can be tax-deductible as a business expense, offering tax relief throughout the lease term. VAT considerations also apply; if you’ll own the asset at the end of the term, VAT is due on the total value upfront. If not, VAT is paid periodically. Additionally, capital allowances may apply to purchases of plant and machinery, like loading shovels, allowing you to deduct a portion of the costs from your taxable profits annually. However, short-term leases might not qualify for capital allowances if you’re the lessee. Professional tax advice is always recommended.
If you’re considering loading shovel finance or leasing, Clifton Private Finance is your dedicated partner in navigating this crucial decision. Here’s how we can assist you:
We will help you:
Once the ideal finance option is identified, we will:
We’re committed to empowering your business with the financial solutions it needs to thrive. Let us handle the complexities of finance and leasing, so you can focus on driving your construction projects to success.
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
