Finance Options

AFL Trucks offers a wide range of purchase and finance options for both new and used equipment.

Lease Purchase

Lease Purchase payments are made on a monthly or quarterly basis and leaves you as the sole owner of the machine at the end of the lease period. VAT on the capital cost is immediately recoverable and the Lessee can deduct from profits assessed for tax, the writing down allowances and the interest portion of the lease payments. Costs covering a wide range of planned preventative maintenance programmes can be added to the same lease.

Finance Lease

Finance Leasing is normally available over a 3 to 7 year period. Payments are made on a monthly or quarterly basis and are fully tax deductible. The underlying purchase cost is shown on your balance sheet. At the end of the lease period, the lessee has a choice of options: a rental rebate of at least 95% of resale proceeds, or a secondary lease period at a token rent. Again costs covering a wide range of planned preventative maintenance programmes can be added to the same lease.

Outright Purchase

The equipment is purchased outright and payment is due on delivery. The equipment is shown on the customer's balance sheet as an asset and customers can offset capital allowances against taxable income.