SOWSOL - NICHIYU 1.8T Electric Forklift | 4-Wheeler Forklift

The Nichiyu 1.8T 4-wheel electric forklift offers the ideal combination of reliability and adaptability for both indoor and outdoor use. Engineered to maximise productivity, it features advanced safety systems, a multifunctional AC control system for smooth, powerful operation, and a compact, space-efficient design. Its lightweight build and energy-saving performance make it a dependable solution for a variety of settings, from warehouses to industrial worksites.

Capacity - 1800 Kg
Lift Height - 4500 mm
Fuel - Battery Electric
Steering - Hydrostatic Power Steering
Tyres - Solid
Features - Side Shift
Hours - 5042

RENT TO OWN/BUY

Flexible Financing for your Business Needs

Rent to Own (also referred to as Rent to Buy) is a popular financing option for businesses that may not qualify for traditional equipment finance such as start-ups or businesses with little or no trading history. Under a rent to own program, the lender will buy the equipment on behalf of the borrower and rent it back to them over an agreed term at a fixed price. Because the lender has made the purchase, not the borrower, the asset remains on the lender’s balance sheet.

Benefits of Rent-to-Own

A Rent-to-Own strategy can be an extremely cost-effective financing option. It is especially helpful for people who want to frequently upgrade their equipment or minimise their asset ownership risks. Some of the key benefits of taking advantage of a rent to own program include:

- Allows businesses to access equipment they otherwise would not be able to afford.
- Access equipment for short-term work commitments
- Avoid having to keep non-essential gear on hand after the completion of a project
- Option to return, renegotiate, or refinance/purchase the equipment at the end of the term

Rent-to-buy is ideal for companies that frequently upgrade equipment or want to conserve capital for other investments, individuals who need immediate access to essential items but prefer the option to buy later, and start-ups looking to acquire necessary equipment without a significant initial expense.

How does Rent-to-Own work?
In a rent-to-own program, the borrower will choose their vehicle or equipment for the price they can afford. The lender will then calculate a rental offer based on an agreed value for the asset. Following this, the lender will source the appropriate vehicle or equipment within the borrower’s price range and once the loan is established, the borrower will make an initial loan commencement payment followed by weekly payments for the remainder of the loan term.