Finance the asset. Keep moving.
Businesses and individuals may need vehicles, equipment or other assets to support their work, lifestyle or plans.
Rather than paying the full purchase price upfront, asset finance can provide alternative ways of funding an asset depending on the circumstances and type of finance involved.
What is asset finance?
Asset finance is a broad term covering finance arrangements used to acquire assets such as vehicles, machinery and equipment.
The structure available can vary depending on the asset, lender, purpose and applicant.
What can potentially be financed?
Vehicles and commercial vehicles
Plant and machinery
Business equipment
Technology and specialist equipment
Other eligible assets
Why consider asset finance?
One potential benefit is that it may allow you to acquire an asset without paying the entire purchase price upfront.
For businesses, this can sometimes help preserve available working capital for other operational requirements.
The cheapest monthly repayment isn't necessarily the best overall option. Consider the total cost, term, ownership structure, repayment requirements and how the asset fits into your plans.
Things to consider.
Before arranging finance, consider what the asset will be used for, how long you expect to keep it and how the repayments fit within your broader financial position.
For businesses, it can also be useful to consider how the asset contributes to revenue, productivity or operational capacity.
Your next step.
If you're considering purchasing a vehicle, equipment or another asset, discussing your requirements early can help you understand the finance structures that may be available.
Looking to finance an asset?
Tell us what you're looking to purchase and we'll help you explore your potential options.
TALK TO CAPITALEDGE →