Recently financed on… Sale & Hire Purchase Back
August 16, 2024Sheppex provided this bespoke funding solution to a UK company wanting to purchase machinery from a European supplier…
Sale & HP Back allows you to release capital back into your business on a newly purchased asset – you can then refinance it as part of a standard hire purchase agreement. This option helps ease your cashflow while providing the reassurance of fixed monthly payments. It also has an added advantage… it can allow you to look at acquiring equipment with more advanced features and technology, that you may have thought beyond your budget.
In this particular case, a long-standing client needed to pay for their asset before delivery to the UK…
NEW 2 Emmedue Astra 4 Axis CNC Work Centres
Terms: Sale & Hire Purchase Back – Repayment period: 60 months
- Our customer operates in the natural stone industry, designing and creating bespoke stone surfaces for homes, hotels, restaurants and other high prestige buildings.
- There was a need to replace an outdated 15-year-old CNC work centre that had reached the end of its commercial working life, as well as to purchase an additional machine to keep up with growing demand.
- The investment in the latest available technology enabled the fabricating department to increase production speeds to meet continued and increased volume from their ever-growing client base.
- The acquisition also helped to reduce some of the hand masonry work, which was both time consuming and had a negative impact on margins.
If you’re looking at a new purchase, maybe from an overseas supplier, but are unsure how you’re going to fund it, speak to us first… at Sheppex we do things differently.
We believe in the personal touch, which is why you work with a dedicated specialist, one who knows your industry, the equipment and suppliers… and will work with you to arrange the best funding option available… which might include Sale and Hire Purchase Back.
