DLL_Logo_Descriptor_Blue_CMYK_1200dpiFinance & Leasing

Workplatform are authorised dealers for DLL Financial Solutions.  A global provider of leasing and finance solutions who have an extensive knowledge of the powered access sector and in particular machines manufactured by Genie.  Together with DLL,  Workplatform can help you make the most of your powered access investment through bespoke, flexible financing solutions.

 

Option 1 – Hire Purchase

Hire Purchase is the most common method used to finance your access platform. The length of the term is usually between 2 and 5 years and hire purchase involves paying a deposit and all the VAT up front. In some circumstances the VAT can be deferred for up to three months allowing your cash flow to recover the VAT prior to having to pay the VAT out. Size of deposit can be flexible and you can choose to have either a fixed or variable interest rate.

  •  Outright ownership at the end of the contract.
  • Monthly payments over 24, 36, 48 or 60 months.
  • Maintenance contract can be built into the agreement.
  • Tax Benefits may apply

 

Option 2 – Lease Purchase

Lease Purchase is very similar to Hire Purchase but a balloon rental is built into the agreement which is payable at the end of the term. The balloon rental has to be approved by the funder but the larger the balloon rental, the lower the monthly payment.

  •  Lower monthly payments than Hire Purchase
  • Outright ownership at the end of the contract.
  • Monthly payments over 24, 36, 48 or 60 months.
  • Maintenance contract can be built into the agreement.
  • Tax Benefits may apply

 

Option 3 – Operating Lease

This method of “off balance sheet” funding is becoming a very popular alternative to conventional finance. The main benefit of an Operating Lease is being able to avoid putting down a deposit and having to pay all of the VAT up front. The VAT is only due on the monthly payments and these can between a 2 and 5 year term, you have the benefit of allowing all the rental payments to be written down against tax and at the end of the lease period the machine is returned.

  •  No VAT to pay upfront
  • Low monthly Payments
  • Off Balance Sheet
  • Monthly payments over 24, 36, 48 or 60 months.
  • Maintenance contract can be built into the agreement

 

Please call Call 01332 856359 for more information.