Asset Finance

• Our Asset Finance packages give you flexibility in a range of assets that you can acquire to allow your business to expand and develop.
• Flexible borrowing – agree a repayment term that suits you best, typically from two to five years. Payments are tailored to suit your cashflow requirements and align with the asset life.
• Agreements are generally on a fixed rate of interest for the full term to make it easier to manage your cash flow, although we can agree a variable rate of interest.
• Cost-effective – generally just a 10% deposit is required avoiding a substantial outlay for you to buy equipment, so your company's working capital can be used elsewhere.
• Competitive – we offer competitive terms and there are no hidden charges.
• Purchasing - pre-sanctioned facilities allow you to negotiate the best deal on new or used vehicles or machinery

Hire Purchase

• Offers your business a straightforward finance deal. Simply make your fixed rate repayments every month.
• The item is treated as an asset on your business's balance sheet.
• With a hire purchase agreement, interest on payments may be off-set against taxable profits and capital allowances may be claimed. Your repayments are not subject to VAT which may be reclaimable by certain VAT registered businesses. 
• At the end of the agreed term you will own your asset if all repayments have been made.

• Cars and commercial vehicles
• HGVs and trailers
• Buses and coaches
• Plant and machinery
• Construction equipment
• Waste management equipment