Asset Finance and Leasing
Asset Finance- whether it’s leasing or hire purchase, is a great way to help a business purchase new assets, without the need for a large cash outlay upfront. You get the use and benefit of the asset immediately, while you pay over an agreed timeframe –this tailored solution simply takes the weight off your cashflow.
Whether your choose leasing or hire purchase, you can fund a wide range of assets – in addition to the usual assets such as trucks, vans, plant and equipment, you can also fund office equipment and technology such as IT systems, telecoms, CCTV, AV Equipment or LED technology as well as shop fit-outs and catering equipment and a lot more. You can even release cash by refinancing your existing assets.
Which Asset Finance Solution is right for your business?
Leasing gives a business the full use and benefits of the asset for a monthly fee, however the business does not have ownership of the asset. At the end of the primary rental term, the business has the option to return the equipment, or use it through a secondary rental agreement.
Hire Purchase enables a business to buy assets by spreading the cost of the asset over an agreed timeframe. At the end of the term, you have the option to purchase the asset for a small fee.
Asset Refinance allows a business to release cash tied up in unencumbered assets. The business simply sells the asset to the funder and then leases it back, paying a monthly fee. At the end of the term, there is a nominal ‘purchase fee’.
What are the benefits?
- Maximise cashflow. Asset Finance frees up your working capital.
- Flexible packages. The funding can be tailored to suit your asset needs.
- Protects against depreciation. You can upgrade your assets to protect against obsolescence.
- Manage your cash. Asset Finance allows you manage your cash and predict your outgoings.
What’s the next step?
When you call Clancy Business Finance, we’ll assess your requirements and advise you which asset finance option will work best for your business. With our knowledge of the lenders and their criteria, we’ll manage your lending application and guide you through the entire process, to ensure you get the best asset finance solution to suit your exact needs, at the best rates.