finance for fork lift trucks

Sales and Finance

Buy, lease or rent new or used forklift trucks

Gloucester Lift Trucks flexible finance options mean you’ll get the equipment and service you need at a price that fits your budget.

1

Choose vehicle

Browse our forklifts, or call us for help to choose your ideal forklift

2

Choose finance type

Decide which finance option fits your budget. Either outright purchase, hire purchase, lease purchase or contract hire

3

Confirm dates

For all finance options decide the term of the agreement

4

Delivery

On completion of the sale or finance agreement, choose a delivery date

Cost effective forklift finance options

Continued investment in your business is crucial, but the decision of how to fund the purchase of a forklift is an important one if you’re looking to avoid tying up your working capital. That is why Gloucester Lift Trucks offer a range of financial options that can be carefully structured to meet with your needs.

If you’re not considering outright purchase, we can tailor a finance option for you based on either hire purchase, lease purchase or contract hire.

Outright purchase of fork lifts is not the only way to bring forklift and handling equipment to your business
Tax relief on the whole finance agreement can be claimed through your profit and loss account
VAT is payable on monthly payments and not upfront in one lump sum

For help with finance option on any of our products call us

Gloucester: 01452 770 934 or Swindon: 01793 238 222

Outright Purchase

Pay 100% of the forklift price in one transaction

This is the simplest way to pay for your new or used forklift.  You pay the full amount at the point of purchase, and the vehicle is yours. There are no further payments to make, and we’ll arrange delivery on an agreed date.


Hire Purchase

Pay for the forklift in monthly instalments spread over a fixed period

Pay for a new or used forklift using the vehicle as security.  Pay the whole amount back over an agreed term up to 60 months at a fixed rate of interest. The vehicle remains the property of Gloucester Lift Trucks until the last instalment is made, at which point ownership then passes to you.

All servicing and maintenance upkeep of the equipment during the period of the agreement is your responsibility. Find out more about our service and maintenance options.


Lease Purchase

Only pay monthly instalments based on the difference in a forklifts value at the start and end of a lease term. At the end of the term give the vehicle back, or buy it by paying a balloon payment.

Unlike hire purchase, you won’t be paying off the full value of the forklift and you won’t own it at the end of term, unless you choose to.  Pay a deposit (1 month plus full VAT). The amount you’ll have to borrow is based on how much Gloucester Lift Trucks predicts the truck will lose in value over the term, minus the deposit you’ve put down. You’ll pay this amount back over the term at a fixed rate of interest.

All servicing and maintenance upkeep of the equipment during the period of the agreement is your responsibility. Find out more about our service and maintenance options.


Contract Hire

Hire the forklift over a fixed term with monthly rental that include forklift maintenance, servicing and repairs.

Contract hire is a fixed term agreement for hiring a new or used forklift. Often considered the most cost effective and hassle-free option, contract hire is simply hiring the forklift from Gloucester Lift Trucks over a fixed term, usually 3-5 years.  You pay a fixed monthly rental rate which includes maintenance, service and repair. At the end of the term either give the vehicle back, or take out a new contract hire agreement for the same or another forklift.