asset finance
If you’re looking to buy something for your business but don’t want to take a chunk out of your working capital, asset finance allows you to spread the cost over monthly repayments.
asset finance
helping your business grow...
Asset finance is an option you can use to grow your business and purchase new assets, like vehicles, machinery and equipment, and allows you to pay a regular amount to use the asset over an agreed time period.
Business asset finance is typically attractive to those who want to put their growth plans into action but don’t necessarily have the cash ready, or business owners who would rather spread large costs over a longer period.
If you don’t have time to speak to someone, Asset Finance Compared is our online platform that allows you to get a Decision in Principle in 60 seconds, wherever you are.
Call 0115 958 6872, email enquiries@maffinancegroup.co.uk or fill in an enquiry form for further information.
some of the sectors that we work in...
asset finance explained...
Asset finance is an option that businesses can use to grow through the acquisition of new assets, ranging from machinery and equipment, vehicles and technology. You will pay a regular, monthly amount to use the asset over an agreed period of time, meaning you won’t have to take a chunk out of your working capital to pay for the asset outright.
Remember: when opting for hire purchase, your business will own the asset at the end of the agreement.
The most common type of asset finance is hire purchase (HP) which lets you spread the purchase cost of an asset, like a car or equipment, over a longer period with fixed regular payments. It can be flexible on the amount of your deposit and monthly payments to suit your business needs.
Other types of asset finance include:
- Equipment leasing
- Finance lease
- Operating lease
- Asset refinance
- Contract hire
- Easier to obtain than traditional bank loans
- Fixed payments make budgeting and cash flow simple to manage
- Most agreements have fixed interest rates
- Failure to pay only results in the loss of assets, nothing more
Asset finance is designed for any type of business, from eligible limited companies, SMEs and partnerships, to sole traders and public limited companies.
It’s targeted at those who wish to purchase an item that has high value to support their business’s growth but want to spread the cost of the item over its usable life.
things to consider...
term length
Assets can be funded
for up to 7 years
useful life
Funding can be arranged over the useful life of the asset, sometimes with a balloon payment
vAT
You can delay paying the VAT for 3 months through our VAT deferral option.
types of asset finance



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get in touch...
0115 958 6872 and a member of our team will be happy to speak to you.