Asset Finance

Asset Finance features

• Features and benefits
  • Our Asset Finance packages give you flexibility in a range of assets that you can acquire to allow your business to expand and develop.
  • Flexible borrowing – agree a repayment term that suits you best, typically from two to five years. Payments are tailored to suit your cashflow requirements and align with the asset life.
  • Agreements are generally on a fixed rate of interest for the full term to make it easier to manage your cash flow, although we can agree a variable rate of interest.
  • Cost-effective – generally just a 10% deposit is required avoiding a substantial outlay for you to buy equipment, so your company's working capital can be used elsewhere.
  • Competitive – we offer competitive terms and there are no hidden charges.
  • Purchasing - pre-sanctioned facilities allow you to negotiate the best deal on new or used vehicles or machinery
• How it works

  Hire Purchase
  

  • Offers your business a straightforward finance deal. Simply make your fixed rate repayments every month.
  • The item is treated as an asset on your business's balance sheet.
  • With a hire purchase agreement, interest on payments may be off-set against taxable profits and capital allowances may be claimed. Your repayments are not subject to VAT which may be reclaimable by certain VAT registered businesses. 
  • At the end of the agreed term you will own your asset if all repayments have been made.
• Assets you can finance with Hire Purchase - new and used
  • Cars and commercial vehicles
  • HGVs and trailers
  • Buses and coaches
  • Plant and machinery
  • Construction equipment
  • Waste management equipment