You can purchase your next forklift outright, however Hyundai High Performance Forklifts also provide alternative solutions for funding your next forklift.

Which finance solution is right for you?

If you’re not sure then we can work with you to review your financial situation and ensure we find the right solution for you. Whether it's aligning business cycle cash flow to funding terms, or releasing equity in business assets to grow, consolidating, acquiring or de-risking; we can help navigate the best option.

Whether it’s a Rental, ‘Rent to own,’ or Chattel Mortgage (Loan), with our simple finance application process you can choose the right finance option for you, with terms ranging from 12-84 months.

So what are the options?

Rental

Renting your forklift can be more cost effective than purchasing it outright. Under a rental agreement, Hyundai can lease a forklift for a fixed term. After the end of the leasing agreement, you can choose to return, continue to rent, replace, or purchase the forklift.

Benefits of our Rental Agreement are:
  • Rentals provide access to the latest technology without the price tag.
  • Your forklift doesn’t devalue as an asset, as there is no transfer of ownership.
  • Accounting for an operating lease is simpler.
  • Lease payments may be tax-deductible*.
  • Ongoing running & maintenance costs can be included in one (1) monthly payment.
  • The renting company does not carry any residual value risk and at the end of the term they can elect to either continue renting the equipment, return the equipment or upgrade the equipment to a new asset at no cost.
  • Someone else takes responsibility for the equipment at the end of term.
  • Align the term of your successful work contract to the rental of your equipment.

Rent to own

Owning a forklift has never been easier. With the Hyundai High Performance Forklifts’ unique ‘Rent to Own’ program you can lease for five years and it’s yours. There are no large upfront costs or exit fees upon completion. Simply make affordable weekly or monthly payments and you will own the forklift at the end of the contract term.

With our ‘Rent to Own’ Program you get the financial flexibility and maintenance advantages of our rental solution with the long-term value and satisfaction of owning a quality forklift..

Chattel Mortgage

This is an equipment financing option that allows you to own your forklift upon purchase with the finance company, by securing the loan and registering a charge over the forklift.

Benefits:

  • You will own the equipment, instead of hiring, renting or leasing.
  • You can set a higher Balloon Value to enable lower payments during the term.
  • Repayment terms can be designed to suit your business needs.
  • Depreciation on the equipment and the interest component of each loan instalment may be tax deductible*.
  • You may be able to claim the GST input credit upfront on the purchase price of the equipment*.

MASTER LIMIT

A pre-approved funding limit available for you to use now and in the future for purchases from Hyundai High Performance Forklifts. The benefits of a Master Limit include:

  • Flexibility to purchase equipment without going through the application process each time.
  • Your credit purchase limit is known upfront so planning future purchases is easy.
  • No cost or no obligation to use the full amount available.
  • Diversify your debt away from your main banking facility.

Want to Learn More?

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