Asset Finance
Asset finance can help companies acquire vehicles, machinery, technology and other equipment without paying the full cost upfront.
What is asset finance?
Asset finance is designed around equipment or other business assets. Instead of using unrestricted working capital to pay the full purchase price, the cost can be spread over an agreed period under the chosen facility.
What assets can be financed?
Common examples include commercial vehicles, plant, manufacturing machinery, construction equipment, technology and specialist equipment. Whether a specific asset is acceptable depends on the provider and its value, age and resale characteristics.
Why companies use asset finance
For some businesses, financing an asset can preserve cash for other operating requirements and align repayments with the period in which the asset is expected to generate value.
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