Briggs Equipment launches asset finance division

Established to offer greater customer flexibility and ease of obtaining finance, BE Finance provides a total asset management solution. Businesses can finance not only forklifts, but also production equipment and even a complete warehouse solution, all in conjunction with Hyster and Yale materials handling equipment.

BE Finance supports this approach to equipment acquisition and business development. With contracts tailored to meet an individual company's specific requirements, it offers customers unprecedented flexibility, ease of administration both at inception and throughout the contract and choice.

There are no arrangement fees and no banks or third parties are involved. Customers deal directly with Briggs, which is said to eliminate delays due to red tape and helps to simplify and speed up the decision-making process.

A BE Finance contract hire plan offers a straightforward approach to equipment acquisition, enabling customers to enjoy the full benefit for the life of the asset. Fixed costs help to make forward planning easier and minimal cash outlay is involved. VAT is spread over the lease period and can be reclaimed on all repayments, which are tailored to suit an individual company's cash flow. There is no delay or cost attached to machine disposal and no residual value risk.

All BE Finance plans are based around contract hire and incorporate additional benefits including the flexibility to off hire equipment early should the customer's needs change; an upfront payment holiday to help protect cash flow; or an initial cash injection to offset installation costs or termination costs levied by the existing equipment supplier.

Briggs Equipment MD Peter Jones says: "Our top priority is putting customers first, channelling our efforts into long-term partnerships that will support businesses by delivering improved operational efficiency."