Ward Hi-Tech launches ‘Confidence Package’ machine rental scheme

With the coronavirus causing so much uncertainty in the marketplace many companies are understandably reticent to invest in new machinery – even if they have a legitimate need.

With this in mind, Sheffield-based CNC machine tool distributor Ward Hi-Tech has relaunched its ‘Confidence Package’ – a simple rental scheme that enables a user to lease a new CNC lathe or machining centre on a short or long term basis to suit their requirements.

The machine can be purchased outright at the end of the rental period or simply returned – thus negating any concerns about making a long-term commitment.

Ward Hi-Tech business manager Paul Eaton explains: “We are extremely sympathetic to the dilemma many of our customers find themselves in at the moment. They may be busy themselves; they may be involved in the manufacture of critical parts for the fight against the virus, but with all the uncertainty, they may lack the confidence to invest in a new machine tool right now even if it appears sensible to do so.

“By taking advantage of our Confidence Package, any company with a current machine tool requirement can select a suitable new CNC lathe or machining centre from our large showroom stock and decide which rental period best suits their needs. The machine can be returned upon completion of rental or kept and purchased outright with the rentals paid taken as a deposit.”

Ward Hi-Tech is also able to provide outright purchase funding packages utilising the Coronavirus Business Interruption Loan Scheme for companies requiring finance assistance at the moment. The scheme includes 12 months’ interest contribution and no personal guarantees up to £250,000 investment.

The company hold a large and varied stock of CNC lathes and machining centres in its Sheffield showrooms, including lathes with chuck sizes from 8” up to 32” and vertical machining centres with X-axes from 720mm up to 2,600mm.

Ward Hi-Tech www.wardhitech.co.uk

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Ward Hi-Tech [**]

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