FINANCING AND LEASING

We offer a Wide Variety of Financing Options.

Altitude Access can help you make the most of your powered access investment through bespoke and flexible financing options.

Option 1 - Operating Lease

This method of 'off balance sheet' funding is becoming a very popular alternative to conventional finance. You simply decide on the length of term, usually between one and five years. You then pay one monthly payment each month for the length of the term, each payment attracts VAT. All of your servicing, maintenance and inspections are included. At the end of the term the machine is returned. You therefore have the benefit of allowing all the rental payments to be written down against tax.

Benefits:

• Payments include Service, Maintenance and Inspections
• Off balance sheet
• No or low deposit

Option 2 - Hire Purchase

This is the traditional and most common method to finance your access platform. The most common length of agreement terms are three to five years although others may be available. At the end of the term you will own the asset. Deposits can be flexible and VAT is paid in full at the outset along with the deposit.

Benefits:

• Tax benefits may apply
• Outright ownership at the end of the contract

Option 3 - Finance Lease

Very Similar to Hire Purchase but you pay VAT on the deposit and VAT on each monthly payment. At the end of the agreed time you either pay a peppercorn rent (usually equivalent to one monthly payment per year) or sell to a third party.

Benefits:

• Spreads the payment of VAT over the term
• Tax benefits as rental