Sheffield-based machine tool dealer, Ward Hi Tech, has reported great demand for its flexible finance package.
Lots of manufacturing companies are experiencing higher demand for machined parts without having the financial ability to increase production on a large scale or upgrade shopfloors as quickly as needed.
Ward Hi Tech has provided flexible finance packages and buy now pay later deals for years, but this recently-released package is its best ever.
Ward Hi Tech is offering a ‘buy now pay 2023’ deal on any machine in stock, which gives customers a full nine months of machining capabilities without having to begin repayments on new machine tools.
With previous deals, a small deposit was needed – but now if a company decides to trade in an old machine and sign up to the new offer, there is absolutely nothing to pay until 2023.
This opportunity was taken up by several companies across the UK, with Ward Hi Tech concluding deals in Greater London, Lincolnshire, Teesside, Scotland. South Yorkshire saw eight machines sold.
After such a successful month of sales, which saw over £1.5m worth of machines sold, Ward Hi Tech has extended the offer until 31st May, after its original expiry on 30th April.
Managing director, Alan Hill, said: “We are delighted to see the world picking up after two years of COVID and this offer, alongside our buy now pay September deal on used machines, should encourage companies to make the purchasing commitment when they might otherwise be reluctant to do so, knowing they have the safety net of nine months of machining without having to make any repayments.
“This offer has already been well received and by extending this deal until the end of May we hope this will convince more companies to upgrade their machine shop.”
Ward Hi-Tech hold over 40 machines in stock, with a large variety of CNC lathes and machining centres in its Sheffield showrooms, including lathes with chuck sizes 8” up to 32” and vertical machining centres with ‘X’ axes 720mm up to 2600mm.