Posts Tagged ‘forklifts sales’
Finding Finance For Forklift Sales
Investing in forklift sales can be a costly exercise which most businesses just cannot afford when they are just starting out. It is important to be aware that you can look at different financing options for your forklift sales. In the same way as vehicle finance works, you may be required to provide a deposit of a certain percentage of the purchase price. This deposit is designed to cover the interest costs and extraneous financing fees should you default on the repayment schedule of your finance agreement. Your company or you in your personal capacity will also have to submit to a credit check before finance for the purchase of forklifts will be approved.
You need to keep in mind that a forklift is not considered an asset as it depreciates in value instead of appreciating in value over a period of time. This restricts the period over which a financial institution or loan provider will offer you finance for forklift sales. Although some forklifts are the price of a small car, forklifts depreciate in value much faster than motor vehicles. If you cannot get financial approval for forklift sales you can consider either renting or purchasing a pre-owned forklift from a reliable second hand dealer. Some forklifts dealers will even offer you a rent to buy option which is the most convenient way in which to go about owning a forklift without finance or cash up front.
However, if you can afford to pay cash for a new forklift, make sure that you are getting the best deal available on the market by comparing quotes for the same types of forklifts from different dealers. Find out whether your preferred forklift sales dealership is prepared to match or even better a lower price from one of their competitors.
For assistance in applying for finance for forklift sales or to find out more about rental or used forklift options, you can contact us.