Operating Lease (long-term rental)
This is applicable for rental periods of 3 years or more. The main benefits of an Operating Lease are:
- The payments are purely an operating cost and ownership does not appear on your balance sheet.
- The equipment is returned to Linde Materials Handling at the end of your rental agreement.
- The forklifts are fully maintained by Linde and this service is included in the rental payments.
Lindes lending institution buys the equipment and leases it to you in return for regular monthly payments. This lease typically includes a balloon or residual which is payable at the end of the lease term. Once this residual payment is made, ownership of the forklift is tranferred to you.
It is critical this figure is based on a likely future value and condition of the forklift, otherwise it may be worth less than the amount you owe. Our vast industry experience ensures we can provide expert assistance with maintenance requirements to optimise future market values.
Financial lease terms are typically between 3-5 years.
Commercial Hire Purchase
This form of finance offers you the ability to structure the contract to suit your specific budget. Monthly repayments can be reduced by placing a deposit into the contract either as cash or a trade-in or by nominating a balloon payment to be paid at the end of the contract.
The term can be from 3-5 years and the forklift is owned by you at the end of the contract.