Excavator Finance
What is Excavator Finance?
Excavator finance refers to the financing options available for businesses looking to acquire excavators. As an asset finance broker, we understand the significance of excavators in construction, landscaping, and various other industries. Our expertise lies in assisting SMEs in securing tailored finance solutions for purchasing or leasing excavators. With our extensive network of lenders, we ensure that businesses can access the right excavator finance deals that align with their budget and growth plans.
In a hypothetical scenario, let's consider a construction company specialising in residential projects that desired to expand their fleet by acquiring an excavator. With a thorough assessment of their requirements, an excavator leasing option was recommended to them that offered them the flexibility to upgrade equipment as their needs evolved.
By choosing to lease the excavator, they were able to preserve their capital, effectively manage cash flow, and take advantage of tax benefits. This strategic decision empowered them to take on larger projects, experience substantial business growth, and enjoy the convenience and cost savings associated with excavator leasing.
This hypothetical case study highlights how excavator finance, particularly through leasing, can be a wise choice for businesses seeking equipment without the full burden of ownership. We leverage our industry expertise, strong relationships with lenders, and deep understanding of our clients' needs to provide customized excavator finance solutions that drive business success.
The benefits of excavator finance
-
Flexibility: Businesses can choose the repayment terms and frequency that best suits their needs and budget.
-
Preservation of cash flow: Rather than tying up a significant amount of capital in purchasing equipment outright, businesses can keep cash flow intact by spreading the cost over time.
-
Tax advantages: In the case of a chattel mortgage, businesses may claim tax deductions on the interest and depreciation of the equipment, while repayments for leases and rentals may also be tax deductible.
-
Up-to-date equipment: With regular upgrades and replacements, businesses can ensure they have the latest and most efficient equipment.
How to get excavator finance?
1. Apply Online
Complete our quick and easy online form, and we'll take care of the rest
Feel like having a chat? Then call now or send us a Chat message at the bottom of the screen and we will get back to you
2. Provide Documents
We will let you know exactly which documents are required to progress
Generally speaking, a photo of your driver's license and a copy of the asset invoice is all that's required
3. Get Funded
The finance company will pay the supplier. Once the supplier is paid, you can take the asset and focus on growing your business!