Forklift Finance

What is Forklift Finance? 

Forklifts are central to the day-to-day running of warehouses, distribution centres, manufacturing sites, and construction yards across the UK. When a forklift reaches the end of its serviceable life, or when a growing business needs to add handling capacity, the ability to purchase a new forklift is imperative.  

Forklift finance gives businesses a practical route to acquiring new or used forklifts without meeting the purchase cost in a single payment. At UK Business Finance, we arrange finance for counterbalance forklifts, reach trucks, pallet trucks, order pickers, and a wide range of other material handling equipment. We can also put in place refinance agreements for forklifts and handling equipment that a business already owns outright. 

Finance agreements are structured around the specific position of each business. By setting the terms to reflect what the business can comfortably manage, the agreement can be sustained rather than be a source of financial pressure. 

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Benefits of Forklift Finance 

Avoiding a large single capital outlay: Forklifts, particularly newer models with advanced features or higher lift capacities, represent a substantial purchase. Paying for one in full through business funds can deplete working capital that is needed elsewhere. A finance agreement spreads that expenditure over a set period, so the business can put the right equipment in place without using a significant amount of cash at a single point in time. 

Drawing capital from owned equipment: Businesses that own material handling equipment may be able to unlock the value sitting in assets. The equipment is sold to a funder and leased back, giving the business a cash injection while retaining access to the machinery. Ownership is reinstated at the end of the agreement once all repayments have been met. 

Planned, predictable expenditure: A finance agreement with fixed monthly repayments ensures businesses know exactly what the forklift costs each month. This makes it easier to manage the broader budget and reduces the risk of unexpected financial pressure arising from the equipment itself. 

Maintaining the right equipment standard: Older forklifts can become unreliable, slower, and more expensive to keep in working order. In a warehouse or production environment, ageing equipment can have a measurable effect on output. Finance provides a cost-effective way to move to newer, more capable machinery without waiting to have the full purchase cost available in the business.  

An agreement built around your operation: The repayment structure of a forklift finance agreement can be tailored to your specific operation. This means the repayment amount can be set at a figure that genuinely reflects the financial capacity of the business. 

How we help businesses access Forklift Finance 

UK Business Finance is an established commercial finance broker with access to a wide panel of lenders, allowing us to source funding arrangements that are built around the operational demands of your business. 

What we offer: 

• Get a free quote in 60 seconds 
• A wide lender panel to pinpoint the right financial solution 
• We take care of the entire application process on your behalf 
• An experienced team with knowledge of the sector 

To learn more about forklift finance, reach out to our dedicated team. 

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Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us