Whether your looking to buy commercial vehicles, machinery or business equipment asset finance can help you to purchase what you need to grow you business.
Asset finance allows you to purchase the assets you need while paying back manageable monthly instalments. It enables you to invest in your business without having to use existing cash or using an overdraft.
Asset Finance is great to use even when you have the money to make a purchase, as it enables you to spread the cost leaving you with money in the business to use for growth . Pay for the assets with the cash flow generated by using them and keep your cash flow healthy.
With Lease Purchase it allows you to pay VAT upfront and regular monthly payments along with a balloon payment at the end (usually done to keep monthly payments down) and the asset is yours to keep. However if you choose that you no longer need the asset it can be sold to pay the balloon payment back.
Choosing Hire Purchase allows you to pay VAT upfront and regular monthly payments. Hire Purchase gives structured repayment periods to suit your cash flow as well as fixed monthly payments available to help with budgeting or variable rates if preferred.
Once you’ve made all the repayments the asset is yours to keep, with no hidden payments and no large end payments to make.
At ABL Business we support a wide range of businesses, which is why we can help you to get asset finance for any of the following items: