ASSET FINANCE
Asset finance is a finance that lets you buy or lease an asset for your business or personal use. An asset can be anything that has value and generates income or savings, such as equipment, machinery, vehicles, or property.
Asset finance can help you get an asset without paying upfront or using your working capital or savings. It can also help you manage your cash flow, tax and depreciation.
Asset finance can take various forms, such as:
- Hire purchase: You hire an asset from a lender and make regular payments until you own it.
- Chattel mortgage: You borrow money from a lender to buy an asset and use the asset as security. You own the asset from the start and pay off the loan over time.
- Finance lease: You lease an asset from a lender and make regular payments. At the end of the term, you can return the asset, extend the lease, or buy the asset at a residual value.
- Operating lease: You lease an asset from a lender and make regular payments. At the end of the term, you return the asset to the lender.
If you need asset finance for any reason, contact us today for a free consultation. We will help you find the best asset finance for your situation.