Vehicle finance for your scaffolding business

Here at Scaffold Finance, we can finance just about anything for your scaffolding business, including vehicles. So, should you need a day-to-day van for all your tools, or a pickup truck for transporting your scaffolding boards and tubes – we’ve got you covered.

We offer a variety of agreement terms ranging from 1-7 years. So, rest assured we will be able to sort a finance agreement best suited to the needs of your business. We also work alongside a multitude of truck dealerships who we would be more than happy to recommend to you.

So, let’s briefly run through the different finance agreement types that you can obtain for your desired vehicle:

Hire Purchase

This is probably our most popular agreement type, as it gives you the chance to own the vehicle once your finance term is over. Payments will be fixed throughout the term. Then, should you choose to keep the vehicle at the end of the agreement, you can pay a small option to purchase payment (typically £100 + VAT) and the vehicle is yours.

Finance lease

A finance lease is a tax efficient and flexible way to obtain your vehicle. Not to mention you can implement a refresh cycle here where you can always have the latest model of your vehicle.

The monthly rentals on this type of agreement are fully deductible against your company’s corporation tax bill. Additionally, VAT is paid along with your rental instead of upfront as it would be for hire purchase.

At the end of the lease, you have 3 options. You can hand the vehicle back to the finance company, purchase title of the vehicle, or continue to ‘rent’ the vehicle for a discounted monthly payment.

Sale & Leaseback

This agreement is ideal if you have recently purchased a vehicle through your business and are now seeing cash flow problems. Or if you could just do with an instant cash injection into your business.

How sale and leaseback works is you provide us with the invoice from the dealership you bought the vehicle through, we will then reimburse you for the order value. You are then required to make smaller more affordable repayments to the finance company either monthly or quarterly over a period of 1-5 years.

Please note that that there’s currently a minimum order value of £25k + VAT. The purchase must also have been made within the last 6 months maximum.

Contact Us

Get in touch to obtain your scaffolding vehicle in a cash flow efficient way. Give us a call on 01494 506 383 or drop an email to hello@scaffoldfinance.co.uk and we will be happy to help. Want to keep up to date with everything scaffolding related? Follow our LinkedIn page here for fortnightly blog updates!