Asset finance is a good way to minimise or even remove upfront costs, providing you with flexibility to invest elsewhere in your business, on further assets or to support cash flow. Payment frequency and terms are agreed to suit the customer. Leasing is also highly tax efficient, and can allow for 100% corporation tax relief.
3 Steps To Securing Finance
Gives you access to and usage of a piece of equipment for an agreed cost, paid over an agreed period of time. This is effectively known as renting an asset. You will always have the option of an upgrade during the term.
If you want the option of owning the asset at the end of your agreement period, Hire Purchase gives you this flexibility. A popular option for assets that have a high residual value. Hire Purchase also enables you to benefit from your annual investment allowance.