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HGV, Plant and Machinery Finance for UK Businesses

Reliable vehicles and equipment are essential for businesses operating in construction, haulage, logistics, plant hire and other asset-intensive sectors. Ethos helps UK businesses arrange finance for Heavy Goods Vehicles (HGVs), plant and machinery, helping to spread the cost of essential assets over an agreed term.

As an FCA-authorised and regulated credit broker, we take the time to understand the asset, its intended use and your wider funding requirements before exploring suitable options from our panel of lenders.

Call our team on 01423 608666 or enquire today.

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Comprehensive Financing Options

Regardless of whether you are an HGV hire company or a business looking for competitive plant machinery finance options, we can offer you a wide range of finance products designed to suit your different business requirements:

For instance, these can be around:

A Hire Purchase Agreement allows you to acquire new assets by spreading the total cost over an agreed period with fixed monthly payments.

Then at the end of the contract, ownership of the asset transfers to you, giving you a very straightforward path to asset ownership on the whole.

With lease finance, this is ideal for businesses aiming to use equipment without immediate ownership. For example, you lease the asset for a fixed term, with the flexibility to continue leasing, return, or just purchase the equipment at the end of the agreement - which is a great way to get the use of a high-value asset without having to buy it outright.

This type of finance is the most suitable for business owners to get hold of assets that may become obsolete quickly. This lease then allows you to use the equipment for a portion of its useful life, with lower regular payments and no obligation to purchase at the end.

Then, at the end of the lease agreement, you hand the asset back and can consider taking out a new agreement.

This type of asset finance agreement gives you a full-service leasing option where we manage the asset's maintenance and servicing, allowing you to focus on your core business operations.

You can also unlock the value tied up in your existing machinery assets by refinancing them with asset finance options - which then can give you a quick boost to your working capital.

We can also look to provide you with flexible funding options for different types of asset finance solutions as well, to support you with your various business purposes - from helping you with your company's expansion initiatives to managing your operational costs and lots more.

Machinery Finance

Tailored Finance Options

We arrange HGV, plant and machinery finance for businesses across a range of industries, including:

Construction Companies

We can help you get access to the construction equipment and heavy machinery you need to complete your project efficiently.

Our finance packages and lease terms have even been designed to meet the specific requirements of the construction sector head on as well.

Agricultural Businesses

From replacing a tractor to investing in specialist farming machinery, we help agricultural businesses explore finance for essential equipment. We’ll discuss your planned purchase, seasonal cash flow and business requirements to help identify suitable funding options.

Haulage and Logistics

We help haulage and logistics businesses explore finance for HGVs, tractor units, trailers and refrigerated vehicles. Whether you’re replacing a working vehicle or expanding your fleet, we’ll consider your budget, operating requirements and purchase timescale when exploring options through our panel of lenders.

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Why Choose Ethos for HGV, Plant and Machinery Finance?

By spreading the cost of new equipment over a fixed period, you maintain your liquidity, allowing you to allocate funds to other areas of your business or just to improve your balance sheet when required as a result.

Our finance packages - regardless of whether you choose finance leasing or an ownership type of finance - can all come with flexible terms and set monthly costs that are tailored to your operational needs - helping you get the financing that you need that aligns with your cash flow patterns as a result.

Through our extensive network of finance providers, we can easily help you secure competitive rates that offer you both value and affordability.

With years of experience in asset financing, our team of experts provides insights and advice to help you choose the best deal for your business.


How Does the Application Process Work?

We understand that the financing landscape can be complex, from understanding what option is right for you to what terms such as final payment and end-of-term balloon payments mean; that is why we have streamlined our application process to make it as simple as possible.

For instance, this tends to fall into several areas such as:

First, we will evaluate your business's financial health, considering factors like credit score and operational history.

Then based on your specific requirements, we will present you with a finance quote outlining the most suitable finance products for your needs and credit rating.

If you decide to proceed, we will help coordinate the application and keep you informed as it progresses. Approval times and payout arrangements vary by lender, asset and individual circumstances.

Machinery In A Field

Planning Your Next Vehicle or Equipment Purchase

Whether you’re replacing an HGV, adding an excavator or upgrading machinery, a few details can help make your initial finance conversation more productive.

Where possible, have the following ready:

  • The vehicle or equipment: What you’re looking to purchase, whether it’s new or used, and any supplier quotation.
  • The expected cost: The purchase price and any deposit or contribution you plan to make.
  • How it will be used: Its role in your business, including expected mileage or operating hours where relevant.
  • Your timescale: When you need it working and any delivery dates or upcoming contracts.
  • Existing finance: Details of any asset you’re replacing, including outstanding finance or settlement information.

You don’t need every detail before speaking to us. Share what you know, and we’ll explain what else may be needed.

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Ethos Office

An FCA-Authorised Credit Broker

Ethos Asset Finance Limited is authorised and regulated by the Financial Conduct Authority for credit broking, under reference number 723779.

We are a credit broker, not a lender. We explore finance options through a panel of lenders and explain the features, costs and conditions of any offer, helping you make an informed decision.

Discuss Your Next HGV, Plant or Machinery Purchase

Replacing a working vehicle, upgrading equipment or expanding your capacity? Tell us what you’re planning to purchase and when you need it. Our team will discuss your requirements and explain the next steps towards arranging finance.

Call 01423 608666 or send us an enquiry to get started.

Discuss your finance requirements

Why Businesses Choose Ethos

Ethos is an independently owned Asset Finance company which operates across the UK.

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Agricultural
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Contract Hire
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© 2024 Ethos Asset Finance Limited Website by Bluesky Interactive.

Ethos Asset Finance Ltd are authorised & regulated by the Financial Conduct Authority for Full Permission Credit broking under FRN 723779.

Ethos Asset Finance Ltd are registered under Data Protection ZA156001.

Ethos Asset Finance Ltd are a credit broker and not a lender. We can introduce you to a carefully selected number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We do not charge you a fee for our services. We will provide you with information about the products we offer, including their key features and costs, to help you make your own decision. We do not provide advice or make recommendations. You may wish to consider any alternative options that maybe available to you. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). You accept and agree we will receive a commission payment from the lender on completion of the finance arrangement. The lenders we work with could pay commission at different rates. The commission we receive is included in the amount you pay to the lender over the term of your finance agreement.

Disclaimer

Ethos Asset Finance Limited makes every effort to ensure that the information contained on the Website ("the Information") is accurate and complete. However, errors and omissions may occur from time to time and we are not able to guarantee the accuracy of the Information. Therefore, we cannot be held liable for any reliance which you place on the Information. Ethos Asset Finance Limited does not give any warranties in respect of the Website or the Information or the goods and services available via the Website and makes no representations as the fitness for a particular purpose of any goods or services available via the Website. Ethos advertise vehicles on behalf of existing clients and suppliers at their request. 

Ethos advertise vehicles on behalf of existing clients and suppliers at their request. Ethos accepts no responsibility for the representation, condition or warranty related aspects of these vehicles. It is the buyer’s responsibility to ensure they are fully satisfied with the quality & condition of these vehicles prior to finalising the purchase. Business & Fleet Users only.