Finance & Leasing Options

Here at Byrne Trailers, we have partnered with SME Finance & Leasing DAC to provide an affordable way to purchase a new trailer.
From humble beginnings SME have grown to become a significant player in the asset finance market in Ireland.

They clearly identified a market need to provide business focused finance solutions to a wide variety of customers. They are always on the lookout to develop new and innovative finance packages to suit your business needs.

The two main finance options available are Hire Purchase an Business lease:

Hire Purchase

Hire Purchase enables you to acquire an asset while paying for it in instalments over an agreed timescale – the term. At the end of the term you own asset outright. It lets you spread the cost of your investment over the life of the asset, making it easier to budget.

Hire Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment with a resell value.

Benefits of Hire Purchase:

More time to repay – Spread the cost over the life of the asset.
Seasonality – structure repayments to take account of seasonal fluctuations of your cash flow.
Keep Control – You are the owner of the asset for tax purposes and can normally claim capital allowances.
Tax Efficient – You can offset your hire purchase interest and charges against pre-tax profits.
Reclaim VAT.

Business Lease

Their Business Finance Lease arrangements let you use the equipment you need without having to use cash flow.

At SME Finance and Leasing, they tailor-make a repayment schedule that suits you best and over a term that matches your repayment capacity.

Benefits of Business Leasing:

Efficiency – Uninterrupted use of the asset.
Reclaim the VAT over the full period of the agreement.
No Deposit – Subject to Underwriting, there may be no requirement for a deposit at the start of the lease term.
Working Capital is not tied up in a depreciating asset.