The Top Benefits of Hire Purchase
Why might you want to use a hire purchase arrangement? What is a hire purchase? It is a method of purchasing expensive consumer items in
Types of Asset Finance
Hire Purchase
WIth Hire purchase, the borrower pays a relatively low deposit and then hires the asset from the financier over the term, with the option of buying the asset at the end of the contract.
Asset Refinance
Asset refinance does what it says on the tin; allows businesses to re-finance their existing assets. This involves leveraging the assets you already own to release cash. It is a great way of using the equity contained in high value business assets to generate cash.
Asset Leasing
Leasing an asset gives businesses the option of borrowing an asset from a lender for a fixed period, rather than having to buy it outright. Not only does this overcome the cash flow implications of paying for a new piece of equipment or machinery up front, but it also means the issue of asset depreciation is avoided.
Sale and Leaseback
A sale and leaseback is an arrangement in which the company that sells an asset can lease back that same asset from the financier. It is a relatively simple financial transaction that allows a business to spread the cost of an asset over the term of the lease.
