Simply Asset Finance
A Cost Effective Solution
Asset finance is a broad category of finance that includes Leasing and Hire Purchase. Where this sector differentiates itself from Equipment Finance, is in the type of tangible assets being offered. Generally speaking, asset finance is used to finance larger, more tangible items such as vehicles and machinery.
Asset Finance provides businesses with a measured approach towards purchasing equipment, vehicles and machinery. Rather than paying a cash lump sum upfront – a method of payment which can often be a costly drain on your cash resources – asset finance allows your business to spread the cost of the asset over a period of time. This often better suits the needs of a company, when repayments can be made, for example, through monthly instalments. This prevents you from tying up valuable capital in assets that would otherwise depreciate over time. You can choose to either lease the asset or make use of a Hire Purchase agreement, enabling you to own the asset outright at the end of the contract.
Our competitive finance solutions can help support your business growth. Speak to a member of our team on 01273 961755
Simply Business Finance works hard to provide you with the most competitive lender for your leasing requirements, selecting from a vast network of reliable lenders. The agreements come with fixed repayment amounts so that you can budget accordingly and manage cash-flow for the duration of the contract. Finance can be approved in as little as 24 hours.
The following is just a small selection of the types of assets that can be financed using asset finance. If you desire an asset that you can’t see on the list, get in contact with us and allow Simply Business Finance to help your business find a suitable leasing agreement:
- Garage equipment
- Engineering equipment
- CNC machines
- Agricultural equipment
- Construction equipment
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