Asset finance is taking out a loan to purchase a new vehicle or equipment for your business. 

The asset that you are purchasing is used to secure the loan. The debt is then repaid over a fixed term of your choosing. Normally 3 to 5 years. You can opt to have a balloon payment at the end of the fixed term or choose to pay out the debt in full during the life of the loan.

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A new vehicle is the most common asset financed, but banks will also lend against other equipment like forklifts and tractors, or office equipment and fittings.

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Asset finance can be straightforward depending on your circumstances. For any business that have been operating for 2 years, and the business owner owns a property in their name, no financials are required to complete an application when the lending is under a certain limit. This means we can secure the finance for you quickly and with a minimum of fuss.

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Talk to us before you purchase your next vehicle or equipment and let us take the stress out of the buying process.