Asset Finance
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What is asset finance?
Asset Finance is the method in which any business can purchase a specific asset, however large or small, and spreading the cost over an agreed period, usually anything up to five years. Whether replacing factory machinery, buying new vehicles, or upgrading outdated technology, our asset finance solutions are there to help.
Payments are usually monthly but can also be quarterly. This allows any business to invest in an asset affordably, without putting the strain on your cashflow of having to purchase outright.
Types of asset finance.
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Finance Lease
Finance Lease is an affordable way to buy an asset for your business. Generally, the funder will pay for the asset to your chosen supplier and effectively rent the asset back to you. This is often a suitable option for acquiring equipment which depreciates in value.
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Hire Purchase
Hire Purchase is a popular asset finance solution for any business wishing to purchase an asset with the option of owning it at the end. As with Finance Lease, the funder pays for the equipment up front, and agreed fixed payments are made. At the end of the term, there is the option to own the equipment outright and for title to be passed.
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Refinance
Refinance is an excellent way for a business to access the value of assets already owned. Refinancing existing assets, is a good way to unlock capital already in the company and redeploying it elsewhere within your business.
Aphex Solutions also has access to other asset finance options such as: sales and leaseback, seasonal lease, and master lease.
Need to know more?
For more information on any of the asset finance options, please get in touch
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