EVS Truck Finance

Truck Finance

European Vehicle Sales Limited ("EVS Trucks") has firmly established itself as a leading provider of quality vehicles throughout Europe.

At EVS Trucks, we understand that every customer has different needs and preferences when it comes to financing their asset purchase. Provided that you are a limited company or incorporated partnership, we can put you in touch with a reputable third party finance company that can offer you various options and solutions for your asset finance needs. Contact us today on 01427 875 306 and let us assist you in securing your asset finance.

Hire Purchase

A simple way to buy an asset and spread the cost over a defined amount of time.

You'll pay for the asset in instalments - a simple payment plan tailored to suit your budget and cashflow requirements - once we confirm you have paid all the instalments and a nominal fee at the end of the payment term, you will have full ownership of the asset. Because you own the asset, you will be responsible for maintenance and insurance costs.

Advantages

• HP is more flexible than a conventional loan, with the cost of the investment spread over an agreed payment term. It is particularly suitable for large pieces of equipment with a resale value.
• Regular monthly payments make it easier to budget and free up working capital
• A flexible repayment structure allows for seasonal fluctuations and can reduce monthly outlay by factoring in a balloon payment at the end of the term
• You may be able to take advantage of tax relief on capital purchases and offset repayment interest against profits
• Provided your company is VAT registered, VAT can potentially be reclaimed on the cost of the asset

Finance Leasing

A finance lease works as a rental agreement. We buy the asset you need and rent it to you over the duration of the lease contract. That means you have it straight away, and only need a fraction of the total amount up front.

At the end of the contract, you can continue renting, return or replace the equipment, sell the asset or return the asset and terminate the rental agreement. In some instances, maintenance costs are included.

Advantages

• You can protect your working capital by accessing equipment quickly without any significant initial investment
• Your lease payments and periods can be designed to match cashflow
• You can decide what to do at the end of the rental period
• VAT may be reclaimed on monthly payments and rentals can usually be offset against pre-tax profit

Asset equity release

Equity release is a finance solution that enables you to raise capital for your business by securing a loan against your high value assets - traditionally machinery, equipment or vehicles.

It allows you to continue to use the assets in question whilst utilising the value in other areas of your business. It is a viable option, even if the asset is also being financed by another provider.

• Suitable for companies of all sizes
• Enables you to consolidate costs and in some instances, reduce monthly outgoings
• Allows you the continued use of existing assets at the same time as introducing working capital back into your business
• You can manage cashflow more effectively
• Can be used to raise deposits for new assets or buy new assets such as software that may not be suitable for finance
• Can be used to consolidate existing financial commitments