Forklift Hire Purchase Malaysia: Complete Guide to Ownership & Financing

Hire purchase (HP) is the most popular way to acquire forklifts in Malaysia. This guide explains everything you need to know about forklift HP financing.

Whether you run a warehouse, manufacturing facility, or distribution center, you’ll learn exactly how HP works, what it costs, and whether it’s right for your business.

What is Hire Purchase?

Hire purchase is a financing method where you acquire equipment by paying in installments. You use the equipment immediately but don’t own it until the final payment is made.

In simple terms:

• You “hire” the forklift by paying monthly

• You’re “purchasing” it gradually over time

• After the last payment, ownership transfers to you

• The forklift becomes your asset

Legal structure:

• The finance company owns the forklift during payment period

• You have the right to use it exclusively

• You must insure and maintain it

• You become the legal owner after final payment

Popular in Malaysia because:

• Preserves working capital (70-90% of equipment cost)

• Immediate use without full cash payment

• Fixed monthly payments (easier budgeting)

• Builds business assets (appears on balance sheet)

• Tax benefits (interest and depreciation deductible)

How Forklift Hire Purchase Works

Step-by-Step Process:

1. Choose Your Forklift

• Select brand, model, and capacity

• New or used (up to 10 years old accepted)

• Get quotation from dealer

• Decide on specifications (diesel, electric, LPG)

2. Apply for HP Financing

• Submit application with documents

• Credit evaluation (1-3 business days)

• Receive approval and terms

• Review interest rate, tenure, monthly payment

3. Pay Down Payment

• Typically 10-30% of forklift price

• Lower down payment = higher monthly payments

• Higher down payment = better interest rate

• Can negotiate based on credit profile

4. Sign HP Agreement

• Legal contract between you and finance company

• Specifies all terms and conditions

• Finance company pays dealer on your behalf

• You receive forklift immediately

5. Make Monthly Payments

• Fixed amount for entire tenure

• Payment includes principal + interest

• Insurance and maintenance your responsibility

• Late payment penalties apply

6. Ownership Transfer

• After final payment, forklift is yours

• Finance company issues ownership documents

• Remove any liens or encumbrances

• Asset fully owned by your business

Payment Calculation Example:

Forklift Details:

• Price: RM80,000 (2.5-ton electric forklift)

• Down payment: 20% = RM16,000

• Loan amount: RM64,000

• Interest rate: 8% p.a. (reducing balance)

• Tenure: 48 months (4 years)

Monthly Payment: RM1,560

Total Cost Breakdown:

• Down payment: RM16,000

• Monthly payment: RM1,560 x 48 = RM74,880

• Total paid: RM90,880

• Total interest: RM10,880

Use our financing calculator for your specific forklift.

Hire Purchase vs Leasing vs Cash Purchase

Comparison Table:

FactorHire Purchase (HP)Operating LeaseCash PurchaseOwnershipYours after final paymentNever (rental)ImmediateUpfront Cost10-30% downMinimal deposit100% cashMonthly PaymentFixed (principal + interest)Fixed (rental)NoneAsset on BooksYes (depreciates)NoYes (depreciates)Balance Sheet ImpactLiability + AssetOff-balanceAsset onlyTax BenefitsInterest + depreciationFull rental deductibleDepreciation onlyFlexibilityCommitted for tenureCan return/upgradeSell anytimeMaintenanceYour responsibilityOften includedYour responsibilityInsuranceYour responsibilityOften includedYour responsibilityTotal CostModerateHigher (long-term)LowestBest ForOwnership goalFlexibility neededStrong cash position

Hire Purchase Advantages:

✅ Build Asset Value

• Forklift becomes yours

• Increases business net worth

• Can sell or trade-in later

• Better than renting (no permanent asset)

✅ Fixed Costs

• Monthly payment never changes

• Easy budgeting and forecasting

• No surprise rental increases

• Lock in today’s interest rate

✅ Immediate Use

• Start operations right away

• Don’t wait to save full amount

• Revenue generation begins immediately

• Forklift pays for itself over time

✅ Tax Benefits

• Interest payments tax deductible

• Depreciation deductible (capital allowances)

• Better than leasing for some businesses

• Consult accountant for your situation

✅ Financing Availability

• Easier approval than bank loans

• Accept bad credit with higher rates

• Finance up to 90% of value

• Used equipment accepted

Hire Purchase Disadvantages:

❌ Long-Term Commitment

• Locked in for 12-60 months

• Cannot easily exit

• Must continue payments even if business slows

• Early settlement may have penalties

❌ Interest Costs

• Pay more than cash price

• RM80,000 forklift costs RM90,880 total

• Longer tenure = higher total interest

• Interest rate higher than bank loans

❌ Maintenance Responsibility

• All repairs your cost

• Downtime affects operations

• Must budget RM300-800/month for maintenance

• No manufacturer support after warranty

❌ Depreciation Risk

• Forklift loses 10-15% value per year

• May owe more than it’s worth initially

• Resale value uncertain

• Technology may become outdated

❌ Insurance Mandatory

• Comprehensive coverage required

• RM2,000-4,000 per year cost

• Must be maintained throughout tenure

• Finance company listed as beneficiary

When to Choose HP:

Choose Hire Purchase if:

• You want to own the forklift eventually

• You need fixed monthly costs for budgeting

• You have sufficient down payment (10-30%)

• You plan to use forklift for 5+ years

• You want to build business assets

• Your business has stable cash flow

Choose Leasing if:

• You need flexibility to upgrade frequently

• You want predictable all-inclusive costs

• You prefer off-balance-sheet financing

• You’re uncertain about long-term needs

• You want maintenance included

• Your business has variable cash flow

Choose Cash if:

• You have RM80,000+ available

• You don’t need that cash for other operations

• You want lowest total cost

• You want no debt on balance sheet

• You prefer simplicity (no monthly obligations)

• You can still maintain adequate working capital

Monthly Payment Breakdown

Understanding how your monthly payment is calculated helps you make better financing decisions.

Payment Components:

1. Principal Repayment

• Portion that reduces loan amount

• Increases with each payment (reducing balance)

• Example: Month 1 = RM1,113, Month 48 = RM1,550

2. Interest Charge

• Portion that pays finance company

• Decreases with each payment

• Example: Month 1 = RM447, Month 48 = RM10

3. Total Monthly Payment

• Fixed amount throughout tenure

• Example: RM1,560 every month for 48 months

Reducing Balance Method:

Most forklift HP uses reducing balance (monthly rest):

How it works:

• Interest calculated on remaining loan balance

• As you pay principal, balance decreases

• Next month’s interest is on lower balance

• More efficient than flat rate method

Example: RM64,000 loan at 8% p.a. for 48 months

MonthOpening BalancePrincipalInterestPaymentClosing Balance1RM64,000RM1,113RM447RM1,560RM62,88712RM53,120RM1,190RM370RM1,560RM51,93024RM38,940RM1,301RM259RM1,560RM37,63936RM23,850RM1,427RM133RM1,560RM22,42348RM1,550RM1,550RM10RM1,560RM0 Total Interest Paid: RM10,880

Flat Rate vs Reducing Balance:

Flat Rate (avoid if possible):

• Interest calculated on original loan amount

• Same interest amount every month

• Total interest much higher

• Often quoted as lower percentage (misleading)

Example: RM64,000 loan at 4% p.a. flat for 48 months

• Interest per month: RM64,000 x 4% ÷ 12 = RM213.33

• Total interest: RM213.33 x 48 = RM10,240

• Sounds cheaper than 8% reducing balance

• But effective interest rate is actually 7.2% p.a.!

Always ask: “Is this reducing balance or flat rate?”

Factors Affecting Your Interest Rate:

Credit Profile (biggest factor):

• Excellent credit (700+): 7.5-9% p.a.

• Good credit (650-699): 8-10% p.a.

• Fair credit (600-649): 9-11% p.a.

• Bad credit (below 600): 10-12% p.a.

Forklift Age:

• Brand new: 7.5-9% p.a.

• 1-3 years old: 8-10% p.a.

• 4-6 years old: 9-11% p.a.

• 7-10 years old: 10-12% p.a.

Down Payment:

• 30% down: Better rate (lower risk)

• 20% down: Standard rate

• 10% down: Higher rate (higher risk)

Loan Tenure:

• 12-24 months: Lower rate (fast payoff)

• 36-48 months: Standard rate

• 60 months: Higher rate (longer risk)

Business Profile:

• Established business (5+ years): Better rate

• New business (1-2 years): Higher rate

• Good payment history: Better rate

• Multiple existing loans: Higher rate

Forklift Brand:

• Premium brands (Toyota, Mitsubishi, Crown): Better rate

• Mid-tier brands (Nissan, TCM, Komatsu): Standard rate

• Budget brands (Chinese makes): Higher rate

• Reason: Resale value affects risk

Ownership Transfer Process

After you make the final payment, ownership doesn’t automatically transfer. You need to complete specific steps.

Steps to Transfer Ownership:

1. Confirm Final Payment

• Ensure last installment is paid

• Request statement showing zero balance

• Get confirmation letter from finance company

• Keep proof of payment

2. Request Release Documents

• Contact finance company’s recovery department

• Request ownership release letter

• Request lien release (if applicable)

• May take 2-4 weeks processing

3. Receive Ownership Documents

• Original invoice (in your name)

• Bill of sale from finance company

• Lien release letter

• Any registration documents

4. Update Records

• Update insurance policy (remove finance company as beneficiary)

• Update asset register

• File documents safely

• Inform accountant (for fixed asset records)

5. Remove Identification Marks

• Finance company may have placed ID stickers

• GPS tracker may need removal (if installed)

• Confirm no outstanding obligations

Timeline:

Week 1-2 after final payment:

• Submit request to finance company

• Provide proof of payment

Week 3-4:

• Finance company processes request

• Prepares ownership documents

• Internal verification

Week 5-6:

• Documents issued to you

• Collect in person or receive by mail

• Verify all documents complete

Common Delays:

• Incomplete payment (one installment missed)

• Insurance arrears not settled

• Damage repair obligation not fulfilled

• Lost original documents (requires reissuance)

What Happens After Transfer:

You now fully own the forklift:

• Can sell or trade-in

• Can use as collateral for other financing

• No restrictions on usage

• Full discretion on maintenance

Important notes:

• Asset appears on balance sheet as “Property, Plant & Equipment”

• Continue depreciation for tax purposes

• Keep ownership documents for resale

• Maintain service records (affects resale value)

Tax Benefits of Hire Purchase

Forklift HP provides significant tax advantages compared to cash purchase or leasing.

Tax Deductions Available:

1. Interest Payments

• Fully tax deductible as business expense

• Example: RM10,880 interest over 48 months = RM2,720/year

• Reduces taxable income each year

• Immediate cash flow benefit

2. Depreciation (Capital Allowances)

• Claim annual depreciation on forklift value

• Initial Allowance: 20% of cost

• Annual Allowance: 14% of residual value

• Accelerated depreciation available under certain conditions

3. Insurance Premiums

• Comprehensive coverage required

• Fully tax deductible

• Example: RM3,000/year saves RM540 tax (18% rate)

4. Maintenance Costs

• All repairs and servicing deductible

• Spare parts and labor included

• Regular maintenance budget RM300-800/month

Tax Calculation Example:

Forklift: RM80,000 (HP with RM16,000 down, RM64,000 financed)

Year 1 Deductions:

• Interest paid: RM4,890

• Initial allowance (20%): RM80,000 x 20% = RM16,000

• Total deductions: RM20,890

• Tax savings: RM3,760 (at 18% tax rate)

Year 2-4 Deductions:

• Interest paid: ~RM2,600/year (decreasing)

• Annual allowance (14%): RM64,000 x 14% = RM8,960/year

• Total deductions: ~RM11,560/year

• Tax savings: ~RM2,081/year

Total tax savings over 4 years: ~RM10,000+

HP vs Leasing vs Cash - Tax Comparison:

Hire Purchase (HP):

• Deduct interest payments (RM10,880 over 4 years)

• Deduct depreciation (RM40,000+ over 5 years)

• Total deductions: RM50,880

• Tax savings: RM9,158 (at 18% rate)

Operating Lease:

• Deduct full rental payments (RM2,200/month x 48 = RM105,600)

• No depreciation (you don’t own it)

• Total deductions: RM105,600

• Tax savings: RM19,008 (at 18% rate)

• BUT: You don’t own the asset (zero residual value)

Cash Purchase:

• No interest to deduct (paid full cash)

• Deduct depreciation only (RM40,000+ over 5 years)

• Total deductions: RM40,000

• Tax savings: RM7,200 (at 18% rate)

• BUT: Used RM80,000 working capital upfront

Special Tax Incentives:

Accelerated Capital Allowance (ACA):

• Available for certain approved equipment

• Claim 100% in first year (instead of 5-7 years)

• Must apply to MIDA or relevant authority

• Massive cash flow benefit

Investment Tax Allowance (ITA):

• For qualifying activities (manufacturing, agriculture)

• 60-100% allowance on qualifying capex

• Set off against 70% of statutory income

• Must apply before equipment purchase

Consult your accountant to maximize benefits.

Eligibility Requirements

Who can apply for forklift HP financing, and what do you need?

Business Types Accepted:

Sole Proprietorship:

• Individual business owners

• Easiest to apply (fewer documents)

• Personal credit evaluated

• Personal liability for payments

Partnership:

• Two or more partners

• Partnership agreement required

• All partners evaluated

• Joint and several liability

Sdn Bhd (Private Limited):

• Incorporated company

• Company credit + directors’ personal credit evaluated

• Corporate guarantee + personal guarantee

• Most common for warehouse businesses

Berhad (Public Limited):

• Listed or unlisted public companies

• Board resolution required

• Corporate credit primarily evaluated

• Higher financing amounts available

Minimum Requirements:

Business Age:

• Ideally 1+ years in operation

• New businesses considered (with strong directors’ background)

• Must show stable revenue

Credit Score:

• No minimum score (we accept bad credit)

• CCRIS/CTOS report will be checked

• Bad credit = higher interest rate

• Defaults may require higher down payment

Monthly Income:

• Must cover monthly payment comfortably

• Debt service ratio under 60%

• Example: RM1,560 payment requires ~RM4,000 minimum income

Down Payment:

• 10-30% of forklift price

• Higher down payment improves approval

• Can use trade-in as partial down payment

Insurance:

• Comprehensive coverage mandatory

• You arrange or use our panel

• Must be maintained throughout tenure

Industry:

• Warehousing, manufacturing, logistics accepted

• Construction, agriculture, retail accepted

• Almost all industries accepted

Documents Required:

For Individuals/Sole Proprietors:

• Malaysian IC (both sides)

• 6 months bank statements

• Business registration (if any)

• Income proof (invoices, contracts, EPF)

• Residential proof (utility bill)

• Forklift quotation

For Companies (Sdn Bhd):

• SSM registration (Form 9, 24, 49)

• 6 months company bank statements

• Directors’ IC copies

• Financial statements (last 2 years) - if available

• Management accounts (current year) - if available

• Business profile

• Forklift quotation

• Board resolution (authorizing purchase)

For Used Forklift:

• All above documents

• Equipment inspection report (we arrange)

• Seller’s ownership documents

• Service history (if available)

Don’t have everything? Apply anyway. We evaluate case by case.

Application Process

How to apply for forklift HP financing - step-by-step.

Quick Overview:

Timeline: 3-7 days from application to approval Approval Rate: high success rate (we rarely reject) Minimum Down Payment: 10% (negotiable) Maximum Age: 10 years old (used forklifts)

Detailed Steps:

Step 1: Initial Inquiry (Day 1)

Contact us with basic info:

• Forklift type and price

• Your business type

• Approximate credit standing

Via WhatsApp (fastest):

• Message: +60175700889

• Send: IC photo + forklift quotation

• Response: Within 1 hour (business hours)

Via Phone:

• Call: +603-3362 1588

• Speak with financing specialist

• Get immediate preliminary assessment

Via Email:

• Email: info@inghengcredit.com

• Attach: Documents + quotation

• Response: Within 24 hours

Via Walk-In:

• Visit: 47A, Jalan Raya Timur, Klang

• Bring: All documents

• Face-to-face consultation

Step 2: Document Submission (Day 1-2)

Submit all required documents:

• Use checklist above

• Submit via WhatsApp/email/in-person

• Missing documents will delay approval

• We’ll guide you on what’s needed

Step 3: Credit Evaluation (Day 2-3)

We evaluate your application:

• CCRIS/CTOS credit check

• Bank statement analysis

• Forklift valuation check

• Business background verification

We look at:

• Ability to pay (income vs payment)

• Credit history (but bad credit not automatic rejection)

• Business stability (operating history)

• Down payment amount (higher = better)

• Forklift value (good brands easier to approve)

Step 4: Approval Decision (Day 3-5)

You receive:

• Approval letter (or conditional approval)

• Finalized terms (interest rate, tenure, payment)

• Down payment amount required

• Conditions to fulfill (if any)

Possible outcomes:

• Approved: Ready to proceed

• Conditional approval: Fulfill conditions (e.g., higher down payment)

• Declined: Reasons provided (rare - we approve high success rate)

Step 5: Agreement Signing (Day 5-7)

If approved:

• Review HP agreement carefully

• Sign in person (or arrange for you)

• Provide post-dated cheques (if required)

• Submit down payment

Step 6: Disbursement & Delivery (Day 7+)

We complete the purchase:

• We pay dealer directly

• You collect forklift from dealer

• Insurance activated

• First payment typically 30 days later

Total Timeline: 7-14 days from inquiry to forklift in hand

Tips for Fast Approval:

Be Prepared:

• Have all documents ready before applying

• Organize professionally (clear copies, labeled)

• Don’t wait for us to request missing items

Be Responsive:

• Answer calls/messages promptly

• Provide clarifications same day

• Fast response = fast approval

Be Transparent:

• Explain credit issues upfront

• Provide accurate income information

• Honesty builds trust = higher approval chance

Consider Trade-Offs:

• Willing to pay higher down payment? (Better rate)

• Can accept shorter tenure? (Lower rate)

• Negotiate terms that work for both parties

Frequently Asked Questions

General HP Questions:

Q: Can I settle the HP early?

A: Yes! Early settlement is allowed. You’ll receive a rebate on unearned interest (usually calculated using Rule of 78 or actuarial method). Some finance companies charge early settlement fees (1-3% of outstanding balance). Check your agreement for specific terms. Early settlement is beneficial if you have excess cash and want to save on future interest.

Q: What happens if I miss a payment?

A: Consequences depend on your agreement terms:

• 1-7 days late: Late payment fee (RM50-200)

• 8-30 days late: Reminder letters, additional interest

• 31-60 days late: Default notice, credit score impact

• 61-90 days late: Repossession warning

• 90+ days late: Forklift repossession, legal action

Best practice: Call us immediately if you anticipate missing payment. We can often arrange temporary relief (payment extension, reduced payment).

Q: Can I trade-in my current forklift as down payment?

A: Yes! Trade-in value can be used as partial or full down payment. We’ll evaluate your current forklift’s value based on:

• Brand and model

• Age and condition

• Service records

• Current market value

Example: You have 5-year-old Toyota forklift worth RM30,000. You want new RM100,000 forklift. Trade-in RM30,000 + cash RM10,000 = RM40,000 down payment (40%). Finance remaining RM60,000.

Q: Is maintenance included in monthly payment?

A: No. HP monthly payment covers only principal and interest. You’re responsible for:

• Routine maintenance (oil changes, filters, etc.)

• Repairs and breakdowns

• Spare parts replacement

• Annual servicing

• Operator training (if needed)

Budget approximately RM300-800/month for maintenance depending on usage intensity.

Forklift-Specific Questions:

Q: Can I finance used forklifts?

A: Yes! We finance used forklifts up to 10 years old. Terms:

• Down payment: 20-30% (higher than new)

• Interest rate: 8-12% p.a. (based on age)

• Tenure: 12-48 months (shorter than new)

• Inspection required (we arrange)

Example: 6-year-old Nissan 2.5-ton forklift, RM40,000:

• Down payment: 25% = RM10,000

• Loan: RM30,000 at 9.5% for 36 months

• Monthly payment: RM960

Q: What forklift brands do you accept?

A: We accept all major brands:

Premium (easiest approval):

• Toyota (best resale value)

• Mitsubishi

• Crown

• Yale

• Hyster

Mid-tier:

• Nissan Forklift (good reliability)

• TCM

• Komatsu

• Linde

• Jungheinrich

Budget:

• Chinese brands (Lonking, XCMG, Hangcha)

• Higher down payment may be required

• Slightly higher interest rates

Q: Electric vs diesel vs LPG - which is easier to finance?

A: All fuel types accepted. Factors:

Electric forklifts:

• Higher upfront cost (RM80K-120K for 2.5-ton)

• Lower operating costs (electricity cheaper than diesel)

• Better for indoor use (no emissions)

• Battery life consideration (8-10 years)

Diesel forklifts:

• Lower upfront cost (RM60K-90K for 2.5-ton)

• Higher operating costs (diesel fuel)

• Better for outdoor use (more powerful)

• Longer lifespan (15-20 years)

LPG forklifts:

• Mid-range cost (RM65K-95K for 2.5-ton)

• Moderate operating costs

• Indoor/outdoor versatile

• Clean emissions (better than diesel)

Financing terms similar for all types. Choice depends on your operational needs, not financing availability.

Business & Tax Questions:

Q: Can I claim full forklift cost as business expense immediately?

A: No. Under HP, you claim:

• Interest payments: Fully deductible as expense (immediate)

• Depreciation: Spread over equipment’s useful life (5-7 years)

• Initial allowance: 20% first year

• Annual allowance: 14% per year on residual value

You cannot claim the full RM80,000 in Year 1. You claim approximately RM16,000-20,000 in Year 1 (initial allowance + interest), then RM10,000-12,000 per year for subsequent years (annual allowance + interest).

Exception: If you qualify for Accelerated Capital Allowance (ACA) or Investment Tax Allowance (ITA), you may be able to claim 100% in first year. Consult your tax advisor.

Q: HP or leasing - which saves more tax?

A: Depends on your situation:

Leasing saves more tax short-term:

• Deduct full rental (RM2,200/month = RM26,400/year)

• Immediate cash flow benefit

• Best for: High profit margin, need immediate deductions

HP builds more value long-term:

• Deduct interest + depreciation (~RM12,000-20,000/year)

• Lower tax savings per year

• But you own asset worth RM80,000 after 4 years

• Best for: Asset building, long-term equipment needs

Example comparison:

HP (4 years):

• Total tax deductions: RM50,880

• Tax savings: RM9,158

• End result: You own RM80,000 asset (depreciated value ~RM35,000)

Leasing (4 years):

• Total tax deductions: RM105,600

• Tax savings: RM19,008

• End result: You own nothing (no asset)

Most warehouse businesses prefer HP for asset building.

Ready to Apply?

Now that you understand forklift hire purchase, here’s how to get started.

Next Steps:

1. Calculate Your Numbers

• Use our financing calculator

• Input forklift price, down payment, tenure

• See exact monthly payment

• Understand total cost

2. Contact Us for Quote

• WhatsApp: +60175700889 (fastest - 1 hour response)

• Phone: +603-3362 1588

• Email: info@inghengcredit.com

• Visit: 47A, Jalan Raya Timur, Taman Rashna, 41200 Klang

3. Prepare Documents

• IC copy

• 6 months bank statements

• Business registration (if any)

• Forklift quotation

• Income proof

4. Submit Application

• Via WhatsApp/email/in-person

• We’ll guide you through process

• Ask us anything - no stupid questions!

5. Get Approved & Receive Forklift

• Approval in 3-7 days

• Sign agreement

• Collect forklift

• Start operations immediately!

Why Choose Ing Heng Credit for Forklift HP:

high success rate Approval Rate

• We rarely reject applications

• Bad credit accepted (higher rates)

• New businesses welcomed

• Flexible evaluation

Competitive Rates

• From 7.5% p.a. (reducing balance)

• No hidden fees

• Transparent pricing

• Better than most competitors

Fast Approval

• 3-7 days from application to approval

• Much faster than banks (2-4 weeks)

• Urgent cases can be expedited

• Responsive communication

Flexible Terms

• 12-60 months tenure

• 10-30% down payment

• Used forklifts accepted (up to 10 years)

• Customized payment schedules

40+ Years Experience

• Since 1985 in equipment financing

• Understand warehouse businesses

• Know forklift market well

• Trusted by 4,000+ clients

Personal Service

• Dedicated financing specialist

• Speak English, Malay, Mandarin

• No pressure sales tactics

• Genuine advice for your situation

Contact Information:

Ing Heng Credit & Leasing Sdn Bhd

Office Address: 47A, Jalan Raya Timur Taman Rashna 41200 Klang, Selangor Malaysia

Phone: +603-3362 1588 WhatsApp: +60175700889 Email: info@inghengcredit.com

Operating Hours:

• Monday-Friday: 9:00 AM - 6:00 PM

• Saturday: 9:00 AM - 1:00 PM

• Sunday: Closed (WhatsApp available)

Location:

• 5 minutes from Port Klang

• Near Taman Rashna market

• Ample parking available

• Wheelchair accessible

Get your forklift financing approved this week. Contact us today!

About the Author:

This guide was written by the Ing Heng Credit & Leasing team, Malaysia’s trusted equipment financing specialist since 1985. We’ve helped over 4,000 businesses acquire forklifts, excavators, lorries, and other equipment through hire purchase and leasing.

Published: December 19, 2025 Category: Equipment Financing Reading Time: 8 minutes Target Audience: Warehouse William - Warehouse operators, manufacturing managers, distribution center owners

## Ready to Get Started?

Contact us today for fast financing approval. 95% approval rate, competitive rates from 2.88% p.a.

WhatsApp Us Now Calculate Monthly Payment