How to finance a used truck?
Just like with our new vehicles, Renault Trucks is committed to making your used truck sale as smooth as possible from beginning to end. That’s why we partner with Renault Trucks Financial Services to offer you a selection of flexible financing solutions to choose from when you buy a used truck. We know the ins and outs of your sector and all its specificities, so whether you’re purchasing a used truck, van, or an entire fleet - our experts can help you find a solution tailored to your financing needs.
Moreover, our offers extend beyond the purchasing and leasing processes of our used vehicles. To ensure optimal performance, maintenance and safety, we also offer financing solutions and adapted service contracts for every part of your used vehicle, including auxiliary equipment.
Determine the cost of buying a used truck
Unsure of how much a used truck may cost? Our team of experts are available to provide specific information, or you can have a look at our online listings.
Tailor-made financing solutions to buy a used truck
Despite being more cost-effective than buying new, we know that buying a used truck or a fleet of used trucks can be a major expense for businesses. To ensure the accessibility of our vehicles, we offer flexible options and work closely with customers to select rates, payment durations and terms that match their operational needs.
Renault Trucks Financial Services has both on-balance sheet and off-balance sheet financing offers to choose from, as well as vehicle purchase, leasing, and adaptable payment plans. With Renault Trucks Financial Services, you benefit from preserved credit lines to keep your cash-flow and borrowing capacity stable. Finally, with offers provided directly by your distributor, you can count on solutions that reflect the complexities of your business while respecting your short and long term financial goals.
Contract hire
Our rental offer without any sale commitment:
- Reduced initial payment
- Tax deductible fixed monthly rentals
- Fixed costs for budgeting and improved cash flow
- Enjoy the benefits of a Renault Trucks Financial Services Services Contract, and reduce your downtime
- Reduce worry and risk of unexpected repairs
- No disposal risks (subject to vehicles meeting return and mileage conditions)
Financial Leasing: lease or buy a used truck
Depending on individual business needs, some may not want the long-term responsibilities of truck ownership and may prefer having the option to return the leased vehicle at the end of the contract. In financial leasing, adapted fixed-term payments enable full access to your used truck, much like conventional credit, but with the added choice to either return the vehicle at the end of the contract or become its owner for the residual value. With no commitment to either option at the start of the agreement, businesses gain the freedom to choose after getting hands-on operational experience with their used truck.
- VAT chargeable on rentals (reclaimable), reducing initial capital outlay
- Tax-deductible fixed monthly rentals
- Option to lower monthly outgoings by adding balloon payment
- Flexibility at contract end: benefit from the majority of net sale proceeds
Operational leasing: enjoy a used truck without buying it
Operational leasing enables you to set-up a leasing agreement that matches your intended vehicle use, without worrying about ownership. The terms are flexible and adapted to your specific operating requirements and the period of time you want to use the vehicle. We work with you to establish the appropriate mileage and regulations to respect, then at the end of your hire period the vehicle is returned in compliance with the terms.
This simple solution allows you to hire a vehicle for its specific use, and then return it without the hassle of commitment, long-term maintenance, or the burden of cost depreciation. With this offer, businesses can leave their leased truck off their balance sheet and track payments as operating expenses.
Operational leasing is perfect for short-term projects, businesses with rare or occasional vehicle needs, or businesses with no interest in truck ownership. With operational leasing, you pay only for what you need for as long as you need it.
- Reduced initial payment
- Tax-deductible fixed monthly rentals
- No disposal risks (subject to vehicles meeting return and mileage conditions)
- Option to extend the lease at the end of the primary term
Hire purchase: our all-inclusive solution
Finding the right financing solution can be stressful. For total peace of mind, leave it all to the experts.
- Flexible payments (monthly or quarterly)
- Full ownership once all payments have been made (subject to payment of Option to Purchase Fee)
- Tax allowances may be deducted from taxable profits
- The equipment is shown as an asset on your balance sheet
- Interest allowable against taxable income
With fixed rate:
- No extra costs if interest rates rise
- Fixed payments for accurate budgeting
- Variable Rate allows you to link your payment to rises or falls in interest rates during the term
With optional balloon payment:
- Lower monthly payments
- Fixed payments for accurate budgeting
- Flexibility to buy at the end of term or re-finance the balloon payment
For more information and support, please contact Lewis Deeley at Renault Trucks Financial Services on 07935 348641, or e-mail the Renault Trucks Financial Services experts at rtfs.salesdesk.uk@renault-trucks.com.
Together we’ll find the perfect packages for your budget and get your used Renault Truck on the road in no time.