FINANCE
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FORK TRUCK FUNDING ▪ Yale, the fork-lift truck group, has linked up with the Midland Bank's finance house Forward Trust to create a whole series of flexible funding packages.
Yale Financial Services has been designed to help fork-lift customers sort out the right sort of payment pattern for their individual requirements and their cash flow situation.
There will be three basic packages on offer: 0 The Yale Lease scheme is designed for long-term deals and will suit companies which do not want to own their equipment at the end of the day and which like the idea of fixed payments and built-in tax benefits.
El Yale Lease Purchase will appeal to those wanting a more cost-effective means of acquiring their fork-lifts. 0 Yale Plan will suit those who can plan the amount of time they will use the trucks in advance. Yale then calculates a residual value and builds this into the scheme, offering highly competitive rental rates through to the agreed termination of the contract. 'The customer in this scheme will be able to retain working capital and still benefit from the use of the fork-lifts. Maintenance can also be included in the Yale Plan.