Choosing the right type of Asset Finance can help you save time, money, and put you on the path to growing a successful business. So, what is Asset Finance?
Asset Finance is tailored towards self-employed clients, small to medium business owners, and contractors. It allows business owners to purchase the equipment they need to run their businesses effectively.
One of the most popular items that we see purchased through asset finance are cars that are utilised for work such as trucks, utes, and factory forklifts. Asset Finance can also be used for business add-ons such as signature and warehouse racks.
Here are some of the most common asset finance options Zero Mortgage can assist you with:
Commercial Hire Purchase
Commercial Hire allows you to hire and use the asset until the last payment. When you pay the final instalment, the title of the asset transfers to you. You can also tailor payment options, including the repayment period, the deposit size and the final balloon payment to help manage your cash flow.
Chattel Mortgages are a popular finance solution for many businesses and allow you to own the asset from the outset – plus your loan agreement is secured by the asset. You can tailor your loan payments by choosing the term – typically up to five years. You can also structure payments to free up cash flow at times you need it the most.
With a Finance Lease, the financier owns the asset however the client bears the risk of disposal of the asset at the end of the lease. This type of lease can benefit businesses that need vehicles or equipment without tying up a large amount of capital. You can also choose lease payments in advance and terms up to five years.
There is a range of different loans and leases available in the market. At Zero Mortgage we take the time to understand our clients’ needs and future goals, we guide you through the entire loan process and find the ideal solution for you.
If you’re looking to grow your business through asset finance, or would like more information, speak to our team on 1300 474 888 or fill out our enquiry form and we’ll be in contact shortly.