Equipment Finance (also known as Asset finance) is an umbrella term for leasing and hire purchase arrangements. Equipment finance enables your company to fund the purchase of assets you need to run and grow your businesses.

What are the benefits of Equipment Finance?

Preserve Your Cashflow

As they say, Cashflow is King. Asset Finance allows you to preserve your cashflow by spreading purchases over several years, leaving your cash reserve intact. Preserving your Cashflow will allow you to:

#1 – Be prepared for the unforeseen

If you spend all your money on a new machine now, you leave yourself without the cash to take up potential opportunities or to pay for unforeseen bills in the future.

#2 – React to Opportunities

Business breaks are precious. When the opportunity knocks, make sure that you have the cashflow to react to those opportunities.

Tax Efficient Means of Finance

By Choosing either Leasing and Hire Purchase you maximise the benefit of the equipment while still allowing your repayments to coincide with Capital allowances.

Help your Business Grow

You use the equipment to pay for itself over its lifetime. For example, if you bought an extra truck, it could pay for itself over it’s useful life span giving you greater opportunity to expand your business.

You get Complete use of the Equipment

You get all the use of the equipment that you would get if you had to pay for it all up front. So you get all the benefits of Finance and all the use of ownership.

If you want to know more about how Equipment Finance can benefit your business please contact us on 1890 252 747