If you are running a business, there will inevitably come a time when you need to acquire assets such as machinery, vehicles or equipment to operate efficiently. However, purchasing these assets can be expensive, significantly impacting your cash flow. Therefore, asset finance is a popular solution businesses use to acquire assets without needing upfront payment. …
When a business is looking to acquire equipment and assets, there are typically two primary options: asset finance vs bank loan. Both options have advantages and disadvantages, and it’s essential to understand their differences to make an informed decision. For example, asset finance is an excellent option to preserve working capital and maintain flexibility, while …
Asset finance is a type of financing that allows a business or individual to acquire the use of an asset, such as heavy machinery or equipment, by paying an agreed-upon amount over time, rather than paying the full purchase price up front. This can be a useful way for a business to acquire the equipment …
What does an asset finance broker do? In today’s post we want to share a little more information, how the process works and the advantages of using one. What does an asset finance broker do? An asset finance broker’s aim is to work closely with their customer to understand their business and requirements and to …
Need an asset finance jargon buster? In today’s post, we have pulled together a handy guide to some of the most common asset finance terms. You can read our car finance jargon buster post here too. Asset An asset is any resource with a financial value that is controlled by a company, country, or individual. …
As we help with asset finance, we thought it was only right that we share some posts explaining what some of the finance options are available on the market. In this post we’re talking about hire purchase. What is Hire Purchase? Hire purchase is where the finance company will purchase the asset for the business …
There are many reasons why a lender might not accept your finance application for car or asset finance. Below, we have outlined 5 of the most common reasons why a lender might not accept your application. 1. A missed payment on a previous loan It’s a good idea to check your credit report before you …
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There are many myths and misconceptions around asset finance. Here are 5 asset finance myths and the truth behind them. 1. A bank is the best place to get business funding This is such a common myth. Many people think that the easiest route is to go to your bank for business finance, however you’re …
Asset finance is a type of lending that enables you to access business asset such as equipment, machinery and vehicles without having to buy them upfront. In this post we share the different asset finance options you have available when looking to purchase an asset – if you’re unsure or would like more information then …
What are the different finance options for purchasing an asset? Read More »
Asset finance is where you obtain finance when purchasing a new asset, and the asset is then used as security against the lending. The ‘asset’ can refer to a number of different items but is most popular with businesses who are purchasing vehicles, equipment and machinery. It’s a great option for a business. Here are …
