What is Asset Finance?
If you are new to asset finance, here is a quick explanation of what asset finance is and how it works.
Asset Finance is…
…a finance option businesses can use to grow by acquiring much needed equipment, such as vehicle fleets, farm machinery and even aircrafts. You pay a regular amount to use the asset over an agreed period, avoiding the full cost of buying outright. Asset finance could make it easier to raise funds for additional finance needs, in contrast to traditional loans. Spreading costs of an asset and avoiding ownership costs such as maintenance, help maintain cash flow in your business. Asset financing also differs from a standard loan in that an asset secures the finance agreement.