Hire Purchase
Purpose: Enables businesses to spread the cost of an asset over an agreed period, with ownership at the end of the contract.
How It Works:
Pay an initial deposit.
Make fixed monthly payments over an agreed term.
Ownership transfers to the customer once the final payment is made.
Best For: Businesses looking to own their assets after the finance term.
Finance Lease
Purpose: Provides access to high-value assets without the obligation of ownership.
How It Works:
The lender purchases the asset and leases it to the business.
The customer pays fixed monthly rental payments.
At the end of the term, the asset can be returned, upgraded, or extended on a secondary lease.
Operating Lease
Purpose: A short-term leasing solution where the asset is returned at the end of the term.
How It Works:
The customer rents the asset for a specific period.
The lease payments are lower as the lender retains ownership and residual value risk.
At the end of the contract, the asset is returned with no further obligation.
Best For: Businesses that require equipment for a limited time or projects.
Asset Refinance
Purpose: Unlocks capital tied up in owned assets by selling them to a lender and leasing them back.
How It Works:
The business sells an asset it already owns to the lender.
The lender provides funding, and the business leases the asset back.
Helps improve cash flow while retaining asset usage.
Best For: Businesses needing to raise funds quickly while continuing to use their assets. The business owns the asset at the end of the refinance agreement.
Vehicle Finance
Purpose: Enables businesses to finance fleet vehicles, company cars, or commercial transport.
Options Available:
Contract Hire (Long-term vehicle leasing with maintenance options).
Hire Purchase (Own the vehicle after repayments).
Finance Lease (Flexible leasing for commercial use).
Best For: Logistics, transportation, and companies needing fleet management solutions.