Here’s why...
- We only use high-quality components
- E-Drive, our self-charging hybrid electric system, saves fuel and engine service costs
- Weight savings in platform design translates into high fuel efficiency
- Plug-and-play components reduce the need for maintenance
- Reduced call-outs due to remote diagnostics, and operator feedback
- Improved fuel efficiency due to lower weight
- Reduced collision risk
THE BENEFITS OF BUYING NEW
There has never been a better time to buy a van mounted access platform. A new electric platform provides higher productivity, better reliability, lower running costs, and lower environmental impact than older engine driven machines. With recent changes to corporation tax allowing offsetting of new investments, and the high value of used machines it is also surprisingly cost effective.
There are several ways to finance a new platform, below are models for cash purchase and standard hire purchase, compared with a typical rate for long term hire for comparison*.
*The figures shown here are what would be available to a typical small business in early 2024. Deals vary with economic conditions and individual company circumstances, but the overall picture shown here will old true in most cases.
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THESE CALCULATIONS ARE BASED ON
- Price of £67,000
- Five-year repayment term
- 25% of purchase price being returned through the corporation tax full expensing rule, 18 months after purchase
- Full Aldercote service package, including LOLERs, annual servicing, and breakdown support for wear and tear
- 10% deposit, and annual rate of interest of 5%
Total outlay over five years is shown in the graph below.
CHEAPEST LONG-TERM OPTION
Cash purchasing will always be the cheapest long-term option, and the total cost of buying and maintaining a new electric platform over five years is actually lower than the purchase price, thanks to the corporation tax saving. The total amount spent is just over £60,000 over five years, meaning an average of just over £1000 per month.
Avoiding up-front costs through hire purchase results in an average monthly cost of £1340.
All these figures are significantly lower than typical rental prices, and of course, in the end you own the machine. 5-year-old van mounted platforms are currently selling for about £40,000. Sell your platform for this sum after five years and the cost of owning and maintaining a new electric platform for 5 years is around £21,000 for a cash purchase, and £43,000 with the most competitive financing arrangement. This equates to monthly outlay of £360, and £780 per month.
Of course, with E-drive you’ll also spend less on fuel and vehicle maintenance, faster operation will boost your productivity, and quieter, cleaner operation will please your operators.
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customer testimonial
“Aldercote has assisted Humberside Police with many years of service in this specialist area of business. They have provided a cost-effective solution with state-of-the-art specialist equipment designed and built in Hull. I cannot speak highly enough of their 24/7 support in terms of immediate repairs, modifications LOLER examinations and certification. Their collaboration with Humberside Police has provided a cost-effective level of service which in my opinion is unrivalled in the current commercial climate. This allows Humberside Police to provide the best service possible for the local community we serve.”
Gary Woolston
Technical Manager, Humberside Police
Made in Britain
Aldercote is the leading UK manufacturer of vehicle-mounted access platforms. We are proud to design and manufacture high performance products that help our customers build and maintain the nation’s infrastructure.
Aldercote is a family run business that puts people first. We show this in our customer care and by valuing every employee for their passion, expertise and individuality.
