What is asset finance?
Asset Finance is a form of lending that helps a business to obtain assets such as plant and machinery, construction equipment or new commercial vehicles. It is the third most common source of finance for business after bank overdrafts and loans.
It can provide significant cashflow and tax benefits for growing businesses looking to purchase a new piece of equipment, a vehicle or another fixed asset.
One of the advantages of this type of financing is that the loan is secured wholly or largely on the asset being financed, reducing the requirement for additional collateral. At the end of the lease period you then have the option to update or replace the item.
We have specialised expertise to source the best finance whether it be in the form of a hire purchase, finance lease or refinancing for:
- Agriculture – machinery, tools & equipment
- Bus & Coach
- Cars – standard
- Catering industry
- Commercial vehicles including vans & light commercial vehicles
- Construction – machinery, tools, plant & equipment
- Engineering industry
- Luxury Cars
- Medical and dental equipment.
- Plant & equipment
- Processing industry
- Recovery vehicles
- Specialist cars
- Veterinary equipment