Specialist
Telehandler Finance and Leasing
For buying and refinancing telehandler forklifts
For buying and refinancing telehandler forklifts
Telehandlers, versatile lifting equipment used in construction, agriculture, and various industrial applications, are often a significant investment. Telehandler finance and leasing provide alternative solutions to make these crucial machines attainable for businesses.
Similar to forklift finance, telehandler finance is a form of asset finance. Secured by the telehandler itself, it allows you to spread the cost over a set period with fixed monthly payments and interest rates. Depending on the chosen plan, you may have the option to:
This financing allows businesses to:
Several financing and leasing options are available for acquiring telehandlers, catering to various business needs and preferences. Here's an overview of popular choices:
Ownership: Upon completing the financing term, you become the full owner of the telehandler.
Suitability: Ideal if you want to eventually own the equipment and can afford the initial deposit and ongoing payments.
Ownership & Options: At the end, you can return the telehandler, extend the lease, or, potentially sell the telehandler and keep a portion of the proceeds (subject to specific agreement terms).
Suitability: A viable option if ownership isn't crucial, and you seek potential tax benefits associated with leasing.
Ownership & Return: You don't own the equipment. You would simply return the telehandler to the lender at the lease end.
Suitability: Perfect for specific projects or temporary needs. This option allows avoiding maintenance and depreciation costs associated with owning the equipment.
Remember, consulting with financing professionals is crucial. At Clifton Private Finance, we can help you explore various options, understand specific terms and conditions, and ultimately choose the financing plan that best aligns with your unique business requirements and budget.
If you want to finance or lease a telehandler in the UK, you will need to follow a similar process as applying for other loans.
First, you will need to fill out an application form with some information about yourself, your business (if applicable), and the specific telehandler you’re interested in.
You will also need to show that you have a good credit score and that you can afford the monthly payments. Next, the lender will review your application and send you a quote with the details of the finance or lease option they offer for the telehandler. The quote will include the total amount, the loan term, the interest rate, and any other fees or charges. You can compare quotes from different lenders to find the best deal for your needs.
Once you decide on a lender, you will need to sign a contract and pay any fees or deposits that are required. The lender will then either transfer the funds to the seller of the telehandler or deliver the telehandler to you. You will then start paying the lender a fixed amount every month until the end of the contract.
Depending on the type of finance or lease agreement, you may also have some responsibilities regarding the telehandler’s maintenance, insurance, and taxes. You should keep the telehandler in good condition and follow the terms and conditions of the contract. If you fail to pay on time or break the contract, the lender may take back the telehandler and charge you extra fees.
Before you enter any finance or lease agreement, you should consider getting some professional financial advice – at Clifton Private Finance, we can help advise and guide you through the process. You should also do your research and compare different options to find the most suitable and cost-effective solution for your telehandler needs.
Drawbacks to Consider
To qualify for telehandler financing or leasing, you will typically need to demonstrate a good credit history, provide financial information, and show the ability to repay. A good credit history shows lenders that you are able to manage debt responsibly. You will need to provide details about yourself, your business if applicable, and the desired telehandler model. Lenders will assess your income, expenses, and cash flow to determine if you can afford the monthly payments. Based on these qualification factors, the lender will evaluate your application and offer you a financing quote.
The amount you can borrow for a telehandler will depend on several influencing factors. The type of finance or lease you choose will have varying limits on how much you can borrow. The value of the telehandler itself is also a factor; generally the more expensive the model, the higher the amount you may be approved to borrow. Lenders will also consider your overall financial situation and borrowing capacity when determining the loan amount. It is wise to borrow responsibly and only take on what aligns with your budget and projected cash flow.
Interest rates can vary for telehandler financing and leasing depending on the specific type of finance or lease you choose, as each may have different rate structures. The length of the loan term will also impact rates, with longer terms often having lower interest rates but higher overall costs. Additionally, different lenders will offer varying interest rates based on their internal risk assessment and policies. To find the best rate, it is advisable to thoroughly compare quotes from multiple lenders.
We can help you:
And when we’ve found the best type of finance for you, we will:
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
