Various financing methods may apply to the purchase of a forklift truck.
PURCHASE - cash
- payment of the purchase price - ownership belongs to the buyer.
- payment terms and conditions vary - the vehicle is paid over a period of time - only after final payment is made will ownership of the equipment change hands to the buyer.
- payment consists of regular payments consisting of interest and principal based on expected useage of the equipment - the vehicle is rented and can be purchased at the end of the lease term or returned without additional obligation if original contract conditions have been met.