Long term lease

[SolwayFarmer]

Need a tractor and telehandler for new livestock unit, capital fairly limited so wondered about leasing tractor and handler rather than buying and/or financing.

Been looking at 12 month deals and it looks like I could get a 130hp JD for around £250/week and a telehandler for around £320/week. Its a junky bill every month but I guess it would save a bit of tax and also would give me a reasonably fixed cost for two important machines.

Anyone have any experience of this type of thing, any pitfalls/disadvantages.

thanks

 

[ColinV6]

£1280 a month to rent a handler is mental!!

You could buy one on a straight 5 year HP for that!!

 

[vantage]

£1280 a month to rent a handler is mental!!

You could buy one on a straight 5 year HP for that!!

And be left with a good residual.

 

[Nearly]

@Forever Fendt
@ACEngineering

 

[Flat 10]

That's ~£25k pa. Chunky. Needs to earn you some cash for that!

 

[Johnnyboxer]

Madness

10% down and 5-6 years monthly HP

Swap it at 3-4 years and roll the settlement into a new one, using the old machine as deposit

 

[james ds]

I bought a simple JCB 530-70 recently with 4500 hrs for £17 k , it will probably be more reliable than most new handlers , with very little depreciation or expence .

 

[icanshootwell]

This would only work if it was say 3 months of the year you needed the machines, as the others have said, just buy it over 3 to 5 years and keep changing for new after that.

 

[ACEngineering]

£1280 a month to rent a handler is mental!!

You could buy one on a straight 5 year HP for that!!

about £320 per week was what I charged mine out at but I wasn't doing long term only 6 to 7 weeks.

 

[ACEngineering]

Need a tractor and telehandler for new livestock unit, capital fairly limited so wondered about leasing tractor and handler rather than buying and/or financing.

Been looking at 12 month deals and it looks like I could get a 130hp JD for around £250/week and a telehandler for around £320/week. Its a junky bill every month but I guess it would save a bit of tax and also would give me a reasonably fixed cost for two important machines.

Anyone have any experience of this type of thing, any pitfalls/disadvantages.

thanks

at £320 per week for a handler you could buy one very quickly! Do you mean lease hire purchase type thing were you actually own the machine at the end?

 

[Forever Fendt]

I bought a simple JCB 530-70 recently with 4500 hrs for £17 k , it will probably be more reliable than most new handlers , with very little depreciation or expence .

Very good move

 

[The Son]

I do a Finance lease on my JCB. It means 100% of the repayments are tax allowable, and I don't have a big asset sat on my books.

It works for me (and my accountant) and means I have a key machine at a known cost as I purchase the extended warranty and service package at the same time.

 

[Nearly]

I do a Finance lease on my JCB. It means 100% of the repayments are tax allowable, and I don't have a big asset sat on my books.

It works for me (and my accountant) and means I have a key machine at a known cost as I purchase the extended warranty and service package at the same time.

All the purchase cost is tax deductable unless you've used all your allowance on other stuff.

 

[Werzle]

Need a tractor and telehandler for new livestock unit, capital fairly limited so wondered about leasing tractor and handler rather than buying and/or financing.

Been looking at 12 month deals and it looks like I could get a 130hp JD for around £250/week and a telehandler for around £320/week. Its a junky bill every month but I guess it would save a bit of tax and also would give me a reasonably fixed cost for two important machines.

Anyone have any experience of this type of thing, any pitfalls/disadvantages.

thanks

Be cheaper to pay a contractor to come in every day, they might be glad of the winter work

 

[betweenthelines]

Do you "need" or just "want" either or both? Have you got two drivers or one?

What difference would it make if you just bought a s/h tractor & loader?

 

[MAF_MHayes]

Need a tractor and telehandler for new livestock unit, capital fairly limited so wondered about leasing tractor and handler rather than buying and/or financing.

Been looking at 12 month deals and it looks like I could get a 130hp JD for around £250/week and a telehandler for around £320/week. Its a junky bill every month but I guess it would save a bit of tax and also would give me a reasonably fixed cost for two important machines.

Anyone have any experience of this type of thing, any pitfalls/disadvantages.

thanks

I'd be happy to help to see if this is something we could help you out with?

 

[upnortheast]

Guess you could HP new for about half the numbers you quote
HP second hand would way less
Get some guide prices from your local dealer

 

[vantage]

One thing I found out recently was by the time interest is added to a newish machine (7.5%),there was not a lot of difference in monthly cost between new on subsidized finance and newer used. Needless to say, we still have our original for a while longer.

 

[Jim B]

£1280 a month to rent a handler is mental!!

You could buy one on a straight 5 year HP for that!!

Depending on machine, could buy one on 5 year HP for less than that...

 

[wold-topper]

https://greenhandlers.co.uk/contract-hire

These guys will sort you out anything with forklifts