Asset Finance

Business Loans Quote Line

0845 108 0505

• Home
• Credit Cards
• Loans
• Investments
• Life Insurance
• Mortgages
• Insurance

Asset Finance

Buying business items such as cars for business use, computers, office equipment, plant and machinery etc, in cash can be expensive, particularly when you are first starting out. However, it is possible to buy many of these items with the help of asset finance. There are various options for acquiring business equipment through leasing, renting or hiring and almost always, the equipment is not owned outright.

There may be tax advantages. If your business proves profitable, you may be able to claw back a capital allowance on hire purchase items. If your business is not yet profitable, then the lease company would be able to claim the capital allowance offered, and should be able to give reduced rental terms.

Asset finance agreements tend to be medium or long-term commitments and if your circumstances change, you may want to exit from an agreement early, which could prove difficult. Check the get-out clauses and flexibility of payment amounts and frequency. Many agreements are based on variable rate charges so changing interest rates could have a big effect on your costs.

There are several varieties of asset finance - finance leasing, contract hire, operating leasing or hire purchase. Click on the links for more details or complete a Quick Enquiry Form and we will arrange for one of our experts to help you decide which option is best for your business.

Business-Loans.co.uk can give you everything you need to know about business finance. For the best deals available for personal loans, visit us at www.personal-loans.co.uk