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Heavy commercial vehicles

If you’re looking to add to your commercial vehicle fleet, then why not lease the vehicles instead of using your precious working capital to purchase them outright? Whichever one of our finance options you choose you’ll have the comfort of knowing that you’ve made an investment for your business in the most cash efficient way.

Financing offers various benefits over outright purchase. By acquiring your next Volvo truck or Knapen trailer for example via a finance agreement, your capital outlay is reduced; therefore, you have more capital to invest in other areas of your business such as stock, people, training etc. and having a regular payment plan also helps you budget and forecast your expenditure much more accurately.

FAQs

How long will the financing process take? Back

Once you have decided on which commercial vehicles or trailers you want to buy, we will work with you and submit your applications details to our Credit team. Once they have reviewed it and a decision has been made we will let you know, and if your application is approved we will send you the documentation for e-signing.  Credit decisions normally be received within 24 (working) hours for €50-250,000 and within 48 (working) hours for over €250,000.

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Our finance options

If your business is a limited company or a corporate body, has an annual turnover in excess of €1m, has been trading for more than 3 years and you’re looking to invest at least €50,000 in new commercial vehicles or trailers, then one of our flexible finance options below could help you make it happen.

Hire purchase

The most common type of asset financing. It allows you to ‘hire’ the asset in return for regular rental payments. ‘Ownership’ passes to you once the final repayment is made along with an ‘Option to Purchase’ fee. It’s a quick and easy way to ‘own’ a Scania truck or a Montracon trailer for example, without having to pay the full amount upfront and in one go.

Features and benefits:

  • So that you can accurately plan for your expenditure the payment structure and rentals are agreed at the outset, they can even vary to match any seasonal income/cashflow
  • On balance sheet financing – a you will own the truck or a trailer at the end of the finance term
  • A minimum deposit of 10% and the full VAT are both due on signing (rentals do not carry VAT) helping to reduce the initial outlay
  • Typical term: 1–7 years, you decide how long you need to the truck or a trailer to bring added value to your business
  • Rentals can be monthly or quarterly in advance or arrears; you choose which suits you best
  • You are responsible for all asset maintenance and insurance costs

End of term options

  • Option to Purchase for a nominal fee

Finance lease

As an example, if you wanted to acquire a new DAF truck or Krone trailer, a lease agreement allows  you to ‘use’ the equipment for an agreed term in return for regular rental payments. Ownership passes to you once the residual value is paid, along with all rental payments during the lease term. You also have option to extend the agreement and run the residual value lower or you can renew the equipment or machinery with a newer model.

Features and benefits:

  • Financing for up to 100% of the purchase price
  • VAT is payable on each rental, not on the purchase price of the truck or trailer so there is no upfront cost
  • Off balance sheet financing agreement as you are paying for its use
  • Residual Value is agreed at the outset so there are no hidden costs at the end of the agreement, and it helps with your budgeting
  • So that you can accurately plan for your expenditure the payment structure and rentals are agreed at the outset, they can even vary to match any seasonal income/cashflow
  • Typical term: 1-7 years, you decide for how long you need to ‘use’ the truck or a trailer for
  • Rentals can be monthly or quarterly in advance or arrears, you choose which suits you best
  • You are responsible for all asset maintenance and insurance costs

End of term options

  • Extend – once the agreement has ended, you have the option to extend the agreement which run the residual value lower
  • Redeem – when all the rentals have been paid you can redeem your machine for the agreed residual value
  • Renew – use the truck or a trailer as a trade-in against a new model so that you maintain your competitive edge with the latest technology and features

Financing business assets and equipment is a strategic business decision reflecting your future funding needs

Get in touch

For more information on how these solutions can help your business, please complete the form below or call our in market experts on +358 (0) 9427 20331

Hire Purchase and Finance Lease agreements are for new equipment sales only bought directly from the original manufacturer or via one of their authorised dealerships. Finance for business purposes only, for limited companies and corporate customers only. Finance is not available on private sales. Finance is subject to credit underwriting and approval. Terms and conditions apply.

Mitsubishi HC Capital Europe Suomi sivuliike: Karhumäentie 3, 01530 Vantaa, Finland. Mitsubishi HC Capital Europe is a trading style of Mitsubishi HC Capital Europe B.V. incorporated in the Netherlands. Company number 73824917. Registered office address WTC Amsterdam H Toren 4de verdieping, Zuidplein 36, 1077 XV Amsterdam. Mitsubishi HC Capital Europe B.V. is a subsidiary of Mitsubishi HC Capital UK PLC.