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Asset Finance & Leasing

Need a new piece of equipment for your business? Asset Finance can help you buy, lease or replace equipment. Whether you’re looking to upgrade or are starting out, our team of accredited brokers have access to Asset Finance & Leasing options that can get you the equipment you need.

Asset finance • Leasing • Secure the funds you need

I want asset finance or leasing

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Note that not all lenders offer all product types. Our team will present options that best suit your needs.

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Your Guide to Asset Financing & Leasing

What is Asset Finance & Leasing?

Asset Finance & Leasing is a type of lending product that uses assets purchased to secure loans.These loans can be used to buy, replace or lease assets that your business can use to operate.

What are types of Asset Finance & Leasing options available?

There are 5 main types of Asset Finance & Leasing options that may be available to you.

  1. Hire Purchase
  2. Equipment Leasing
  3. Finance Leasing
  4. Operating Leasing
  5. Asset Refinancing

What is a Hire Purchase?

Similar to a mortgage used to purchase a property, a Hire Purchase allows you to purchase an item with a small deposit, then pay off the item over time with installment and interest repayments. Just like with a home, you will be responsible for insuring and maintaining the asset.

What is Equipment Leasing?

With equipment leasing, you don’t own the asset, however rent it instead. This may be useful if you don’t require the equipment long-term. At the end of the lease, you can choose to either buy the item, extend the lease, or upgrade the item.

What is Finance Leasing?

A Finance Lease is a longer term lease for an asset that spreads payments over a longer period of time than an Equipment Lease, thus offering lower repayments. You will however never own the asset as you would with Hire Purchase financing.

What is an Operating Lease?

An Operating Lease allows you to secure an asset for your business, however the company that is leasing the asset to you, is responsible for the maintenance of the asset. This means that if the equipment breaks down or needs servicing, the cost is included within your lease agreement. You may consider this option if you would like to know exactly how much an asset will cost you to operate.

What is Asset Refinancing?

This type of Asset Refinancing allows you to unlock cash from equipment you already own. This is done by the lending company purchasing an asset from you, then leasing the asset back to you.

*With our process, in most circumstances your entire application can be signed digitally with software such as Docusign, however there are some forms with specific lenders that will need to be signed by hand.

Before making a decision on whether this type of loan is suitable for you it is important for you to consider the above information and discuss the suitability of this loan type with your Mortgage Professional.

This is general information only and is subject to change at any time. Your complete financial situation will need to be assessed before acceptance of any proposal or product.

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