The phrase, asset finance can cover many options, equipment leasing, hire purchase, asset refinance. All of these will provide you with choices. If you are considering new equipment, perhaps plant and machinery, where you will want to claim the capital allowances for yourself, well, then choose HP.
Your accountant might recommend the tax benefits of a lease option. You might even choose to release capital tied up in your existing equipment, and go for asset refinance. As you can see, asset finance has all of the options that you may need when looking for new equipment, or just extra capital. The choice is yours.
We have provided everything from printing presses, trucks, cars, North Sea oil equipment, production lines, airport GSE equipment, wind turbine farms, football pitches, commercial factory racking to coffee shops, you name it, we have funded it, and everything in between!
Fixed Term. All of our Leases and HP contracts are a fixed term, so that you know exactly when they will end. Fixed term helps also as bank overdrafts are normally agreed only on an annual basis, so when companies experience some hicups, as many do, the bank can cancel the overdraft, but with our contracts, you know, they will simply continue over the agreed period.
Frees up capital. Working capital to any company is crucial, you know that you require the new equipment, but also fully aware that it might place a strain on working capital. Asset Finance removes this strain, and the equipment will pay for itself over the period of the lease or HP contract. No one pays their staff three years in advance, so why pay for your equpment three years in advance, it simply does not make much sense!