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Lease Heavy Equipment | Heavy Equipment Leasing | Heavy Equipment Finance

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All types of heavy equipment including but not limited to; yellow plant, tractors, agricultural equipment, printing presses and food processing machines are leasable over flexible time periods. Whether a vehicle or a piece of equipment, Portman have the flexibility to approve a lease facility within a short, agreed time scale.

Depending on the size of the finance requirement and the length of time trading of the company seeking finance, Portman will guide the customer on the level of deposit required. A typical deposit in this sector would be circa 10% of the net cost of equipment. Unlike many finance companies, Portman are happy to provide leasing for the acquisition of second hand heavy equipment. As a rule of thumb, Portman will require details of year of manufacture and mileage/hours used. Portman will also commonly run checks on supplier and price to ensure the customer is not overcharged.

A recent customer required finance for a metal press for their manufacturing business in the north of England. The requirement was in excess of £500,000 and the customer wanted finance over five years. In addition, the equipment was being supplied by a company outside the UK. Portman were able to turn around the application within a seven day timescale and pay the customer’s supplier in US dollars as requested. Very few of our competitors would be able to process a requirement of this size within such a short time scale.

 

What our clients say...

Having worked with Portman Asset Finance numerous times over the past two years, I have found them on each occasion to be totally professional in their approach and prompt in their delivery" - Richards Contractors Ltd

Portman Asset Finance are a very flexible and diverse company who have a number of excellent funders. My organisations relationship with Portman's has meant that we have been able to launch a very successful franchise package, which without their expertise in the asset finance arena, would have been near impossible. Well done and keep up the good work. - Steven McKiernan Head of Group Finance SHOKK Ltd