Looking for the best finance company now is the time has come to order new forklift finance. You have researched a lot, so many options and are ready to buy. But now, what about financing? Would it be better to lease? In this post, you will know what to expect when financing or leasing a forklift.

Forklift Financing Options 

Most forklift purchases are financed more than 36or 60-month term with equal monthly basis payments. Payments are dependent upon the customer's credit rating and budget. 

At Speirs Finance, we offer customized finance with seasonal payments. For instance, a farmer who conducts the business June through September can choose to make the payments only during those months.Also, we can arrange for financing with semi-annual or annual payments. A finance term can be as long as 72 months as or short as 12 months, depending on the needs. 

Forklift Lease Options 

Leases are famous for both economical and practical reasons. Leased equipment is not depreciated or capitalized, and lease payments are a write-off. 

Also, leasing allows the business to operate with the newest equipment. For instance, at the end of a three-year lease, a company will return the forklift and get the new one with the latest technology. At Speirs Finance, we do our best to make the new lease payment as close as possible to the last price. 

Also, you can purchase the leased equipment when the lease term ends. A fair market assessment is managed when the lease reaches payments and maturity are refinanced based on the value. A business will plan for this in advance or decide when the lease is up. 

Factors that determine a lease payment: 

· Operating conditions 

· Length of lease 

· Running hours 

(will the machinery be used more or less than the 2,000 hours/ year average) 

At Speirs Finance, we offer flexible lease terms. One client wanted a five-year lease with a single payment paid upon delivery. No problem! We only want that our customers spend time growing their business, not losing their sleep and piece over financing. You can connect with us for more details on our one-pay lease program. 

The leasing method also includes a site survey. The leasing company sends a representative to assess the work site to determine the type of environment the lift truck will be used in, whether it will be outdoors or indoors and how many hours it will be used daily. Also, the survey will determine if the unit will contact harmful chemicals or be used in severe applications.  

Whether you are interested in a used forklift ornew forklift, both financing and lease options are available from Speirs Finance. Let us know what your business requires are, and we will find the right equipment for you with the best possible lease or finance terms. Contact us to talk with our experts. Rather than it if you are looking for Construction Finance, Heavy Machinery Finance, Equity Business Finance, or any other kind of business finance. We are here to assist you.