Leasing for financing allows businesses to acquire the equipment or assets they need while spreading the cost over a set period. This approach is ideal for companies looking to preserve working capital or secure financing without committing to an upfront purchase. It enables businesses to access necessary resources while maintaining financial flexibility.
With contract hire, businesses lease essential vehicles such as trucks, lorries, or tractors for a fixed term without owning them. At the end of the lease, the vehicle is either returned or a new contract can be negotiated for another term. This option helps businesses avoid significant upfront costs while providing access to newer models and greater flexibility in fleet management.
Asset finance can facilitate growth and expansion by offering several key benefits:
The asset serves as the collateral eliminating the need for additional security.
Please note that the information provided is not financial advice. It’s important to seek independent financial guidance before making decisions about your financial future.
All loans and credit agreements carry risks, such as the potential for late payments or non-payment, which could negatively affect your business credit score and impact future financing options. Always review the terms and conditions of any agreement before proceeding. If you experience difficulty with repayments, please contact us for support.
Funding Options, now part of Tide, helps UK businesses connect with over 120 lenders. Funding Options acts as a credit broker and does not provide loans directly. All finance and quotes are subject to status and income. Applicants must be 18 or older, and terms and conditions apply. Guarantees and indemnities may be required. Funding Options will receive a commission or finder’s fee for facilitating these introductions based on the applicant’s circumstances and creditworthiness.
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