Asset finance, spread the cost
Spread the cost of a vehicle or equipment using finance secured on the asset itself.
About asset finance
Asset finance is a way to spread the cost of buying a vehicle or business equipment, where the finance is secured against the asset being purchased. Rather than paying the full price up front, you make payments over time, and the asset may serve as security for the agreement. It can apply to cars, vans and other business assets. The structure, whether ownership passes to you, the fees, the interest and the lender criteria all depend on the specific agreement and lender, so these are confirmed during your enquiry rather than stated as universal terms here.
Who might consider asset finance?
Asset finance can suit businesses that need a vehicle or equipment but want to spread the cost rather than tie up cash, and that are comfortable with the asset acting as security for the agreement.
It can be an option when other routes like contract hire or finance lease are not the right fit, or when the asset is something other than a standard car or van. If keeping cash free matters to your business, this route is worth discussing.
Discuss your situationFinance secured on the asset
Because the finance is secured on the asset, the lender may have rights over it if the agreement is not kept. This can mean lower risk for the lender, which can affect the terms offered, but it also means the asset could be at risk if payments are not maintained.
Whether you eventually own the asset depends on the agreement type, as some pass ownership at the end and others do not. We explain the specific structure for the asset and lender you are considering.
Questions worth thinking about
You do not need answers to all of these before getting in touch, but they can help shape the conversation.
Want to talk it through with Tony?
Call Tony Nolan on 07815 098217 or send an enquiry and he will come back to you.
Asset Finance questions
Discuss your finance options
Tell us what asset you need to finance, whether it is for business use, and whether you want to own it at the end. We will explain the structures available.
Or email kat@ask4leasing.co.uk