Finance Your Forklift

Now you've made the decision to buy or lease a South Island Forklift product it’s time to consider your options for acquisition.
We offer flexible finance options to those who meet our terms and conditions
  • Because every business is different we offer affordable financing options designed to meet your immediate and long-term needs
  • Our creditworthy, experienced providers will help you make sense of the options so you can focus on your strategic business objectives, not the financing of your forklifts
  • We'll provide an obligation-free quote on a range of financing options for new or pre-owned equipment
The most common options are:

Finance Lease/ Lease to Own       
Purchasing a forklift using Finance Lease allows businesses to utilise capital for other purposes.

  • High level of flexibility
  • Fixed interest rate
  • Immediate use of the equipment without paying a large deposit
  • Residual value is negotiated at the start of the contract
  • Improved cashflow with fixed monthly payments
  • Your business may also benefit from the net sale proceeds
  Key Benefits:
  • Flexibility - Just select the terms and residual value and we will tailor monthly repayments to suit your needs. Incorporating a final 'residual' repayment can significantly reduce monthly repayments.
  • GST Claim - If GST registered, businesses can claim the GST content in their monthly payments.
  • Tax Advantages - If the term is less than 90 months, monthly rentals can be claimed as a tax expense.
At the end of the finance lease term, once the agreed residual value has been payed, ownership is transferred to you.
Alternatively the residual value may be used to finance into another short-term loan.

Maximum lease term, according to IRD, is 90 months / 7.5 years.

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Hire Purchase/ Term loan

This is the more traditional loan structure used by banks. Full GST can be claimed up front and is sometimes required to be paid back into the deal as a lump sum payment, usually in Month 3.

   Main differences to Finance Lease is that:
  • You take ownership from day one
  • GST is claimed and paid in one lump sum as opposed to a monthly basis
   Key Benefits:
  • Variable Repayment Structure - A variable repayment structure can be incorporated to suit seasonal cash flow or lump sum payments. An end payment or ‘balloon’ payment can be incorporated which will lower the monthly payments.
  • Tax Advantage - Interest charges and depreciation are tax deductible.
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South Island Forklifts offers finance on all forklifts, so please tick the finance required box and we will get back to you with full details.

For further information on our various financing plans, call us today.
Phone 0800 743 675 or 03 348 2060.

TCM Diesel/LPG 3 ton - Now Arrived

TBA excl. GST
• Dual floating engine for ultimate comfort, minimal vibration • Front/rear stability increased to 155% • Huge vision through the mast • Stronger mast, with mast-twist designed out • Low operating temperatures for oil and coolant • Stage II emission control engines - eco friendly engines • Safer turning • Packed with safety features • Increased stability • Strengthened overhead guard • Easy Maintenance

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