ASSET FINANCE
Finance options for both personal consumers and SME’s. Asset Finance is a lending solution designed to assist buyers when purchasing a wide range of assets from cars, vans and coaches, to yellow plant, tractors and balers, from office or surgery fit outs to bar and shop fit-outs and everything in between. This type of funding allows you to spread the cost of the asset over an agreed term (usually a max of 5 years).
WHY ASSET FINANCE?
- Maintain cashflow as initial capital outlay is minimised
- A structured, phased solution to fund asset acquisition
- Easy to arrange with quick turn around times
- Flexible repayment schedules tailored to suit your needs
- Matches funding to asset life
- Tax efficient
Vehicle Finance
Finance options for new and used cars, vans and other commercial vans.
Agri Finance
Finance options for new and used farm machinery and equipmemt from tractors and trailers to milking equipment.
Plant & Machinery Finance
We can organise finance for Yellow plant, cranes, earthmoving, quarrying machinery, road construction equipment etc.
Road Transport Finance
Finance options for new and used farm machinery and equipmemt from tractors and trailers to milking equipment.
Equipment Finance
We also arrange finance for other types of equipment from medical centre, office, kitchen and shop fit-outs to renewable energy and laboratory equipment. Contact us today for more information.
HIRE PURCHASE OR BUSINESS LEASE
HIRE PURCHASE
Hire Purchase allows the flexibility to spread the cost of an asset over a fixed period of time. With Hire Purchase agreements the asset becomes your property when you have paid the final installment and the purchase fee due under the agreement.
BENEFITS OF HIRE PURCHASE AGREEMENTS
- The VAT can be reclaimed on the purchase price if you are VAT registered
- Claim back your capital allowance costs on the cost of the asset
- Interest charges can be offset against taxable profits
BUSINESS LEASE
With Business Lease agreements your asset is leased to you for a fixed term. Put simply, the lender owns the asset and they charge you for its use. At the end of the lease agreement you have the option to (a) enter into a secondary lease agreement, (b) sell the asset and retain the majority of the sale price or (c) return the asset if no longer required.
BENEFITS OF BUSINESS LEASE AGREEMENTS
- The VAT can be reclaimed on the repayments if you are VAT registered
- The initial capital outlay is minimised, meaning you don’t need to use your own cashflow
- Repayments may qualify for tax deductions
Important / Regulatory Notice
Warning: You will not own these goods until the final payment is made.
Warning: You may have to pay charges if your repay early, in full or in part, a fixed rate credit facility.
Warning: You will not own these goods until the final payment is made.
Warning: You may have to pay charges if your repay early, in full or in part, a fixed rate credit facility.
