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Compact Fork Trucks is a leading West Midlands Komatsu forklift truck distributor and STILL refurbishment specialist that provide a full range of sales, service, refurbishment, hire and access platform solutions to the local business community.

 

 
Sales

Contract Hire

Contract hire is widely seen as the most popular way to operate materials handling equipment. Customers pay a fixed monthly rental that includes maintenance and servicing.

Contract hire is generally used by businesses that want to;

  • Fix their materials handling costs for up to 7 years
  • Off-set 100% of rentals against taxable profits
  • Take advantage of off-balance sheet funding
  • Enjoy usage benefits without ownership risks
  • Use their cash in other areas of the business
  • With contract hire, customers have no need to;

  • Budget for unexpected maintenance costs
  • Tie up cash in depreciating assets
  • To pay big deposits or VAT on delivery
  • To constantly negotiate servicing costs
  • To borrow funds on an overdraft facility
  • In 1990, contract hire accounted for 15% of all new truck sales in the UK. In 2006,
    contract hire accounted for 70% of all new trucks sales in the UK.

    According to industry statistics, 85% of UK companies now use contract hire as a
    means of acquiring capital equipment.

    Lease Purchase

    A lease purchase contract allows the buyer to purchase the truck for a fixed monthly fee over a predetermined period.

    For tax purposes, the hirer is considered to be the owner from day one and can claim available tax allowances and off-set interest charges. The asset is also shown on the balance sheet.

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