We understand the importance of acquiring essential assets to drive your business forward, whether it’s upgrading equipment, expanding operations, or replacing aging machinery.

What is Commercial Asset Finance?

Commercial asset finance provides businesses with the means to acquire crucial assets essential for their operations without the need for substantial upfront capital. Whether through leasing or hire purchase agreements, asset finance allows businesses to spread the cost of asset acquisition over time, alleviating immediate cash flow pressures while still benefiting from the use of the asset.

Which Types of Asset Finance Do We Offer?

Leasing: With leasing, businesses can effectively rent assets for a predetermined period, paying regular lease payments. At the end of the lease term, businesses typically have the option to purchase the asset, renew the lease, or return the asset.

Hire Purchase: Hire purchase agreements allow businesses to acquire assets through an installment plan. The business pays an initial deposit followed by a series of fixed monthly payments over the agreed-upon term. Once all payments are made, ownership of the asset transfers to the business.

Benefits of Commercial Asset Finance

Preserve Working Capital: By spreading the cost of asset acquisition over time, asset finance helps businesses preserve their working capital for day-to-day operations and unforeseen expenses.

Flexibility: Asset finance offers flexible repayment terms tailored to the cash flow of the business, allowing for smoother financial management and budgeting.

Tax Advantages: Depending on the jurisdiction and the type of asset financed, businesses may benefit from tax deductions or depreciation allowances, providing potential cost savings.

Risk Management: Asset finance allows businesses to mitigate the risks associated with owning assets outright, such as depreciation and obsolescence. Leasing or hire purchase agreements provide options for asset upgrades or replacements as needed.