Asset Finance
Invest in essential assets without interrupting your cash flow. Get access to the equipment you need now.
What is Asset Finance?
Need more readily available working capital to pursue key opportunities? Asset Finance enables your business to purchase new machinery, vehicles, computer systems and software. As it allows you to access the equipment you need quickly, Asset Finance is an ideal solution to grow and increase your turnover.
There are a few types of Asset Finance, including:
Hire Purchase
Hire Purchase
This is when you make regular agreed payments for the purchase of goods over a period of time (from 12 months up to 84 months) by paying a deposit (usually around 10%) and the VAT is paid up front. The asset sits on your balance sheet.
Leasing
Leasing
Refinancing
Refinancing
Access the cash from your assets on your existing balance sheet so you can then use the value elsewhere in your business.
Hire Purchase (VAT Deferral)
Hire Purchase (VAT Deferral)
This is the same as normal Hire Purchase but the lender pays the VAT up front but claims this back from your business on the 3rd direct debit. This system allows you to claim the VAT back before it needs to be paid. The asset sits on your balance sheet.
How it Works:
- Hire Purchase: Spread the cost of purchasing an asset over a set amount of time. Once you've paid the lender in full (usually in instalments), the asset is yours to keep.
- Leasing: The lender buys the asset and charges you a monthly fee to rent it. At the end of the agreed term, you can extend the lease, pay the remaining balance to buy it, upgrade to a new model or return the asset back to the lender.
- Asset Refinance: Our lenders purchase the asset and finance it back to you. Or use it to consolidate debt or provide security when structuring a deal. Depending on your situation, lenders will typically lend up to 80%-90% of your asset's value.
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Talk to us for unbiased advice on securing a suitable asset finance package
Benefits of Asset Finance:
Increase Your Working Capital
Access Funds Quickly
Minimise Upfront Costs For Growth
Get an instant cash injection into your business to stimulate growth, without taking anything away from what you’re working on already.
Gaining The Competitive Edge In Your Market
Flexibility
Fixed Monthly Repayments & Interest Rates
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