Dawner Asset Finance are active in this sector as a lot of the machinery required is similar to the agricultural sector. All mowers, trenchers, irrigation equipment, dumpers and excavators are funded on a similar basis to the agricultural sector. Hire Purchase and Lease Purchase are still popular although some customers prefer operating lease or hire agreements if the equipment is needed for a particular term or an individual contract.
Golf Clubs require this type of equipment as well as landscape contractors, the clubs tend to favour leasing due to the VAT deferment onto the rentals made, as opposed to VAT payable as deposit as with Hire Purchase for cash flow advantage. Seasonal and bespoke repayment profiles are still popular in this sector as cash flow must come first when funding large projects or a golf club’s finances.