Injection Moulding Tool Finance

Finance Your Injection Moulding Tool

An injection moulding tool has many uses for business operating in the manufacturing industry, including precision engineering, high-volume production and product testing.

The type of business finance that is right for your business will depend on your structure and the assets available on your balance sheet.

We can arrange finance for businesses looking to fund the acquisition of an injection moulding tool.

What is injection moulding tool finance?

Injection moulding tool finance is a method of asset finance that allows your business to acquire an asset that is necessary for your business operations, whilst also purchasing the tool in a way that works for your business’ capital and cash flow.

Two methods of spreading the cost of an injection moulding tool are hire purchase and financing leasing. However, if your business has assets on the balance sheet, asset refinancing is a great way of funding an injection moulding tool.

The MAF Finance Group manufacturing division can assist with any manufacturing-based needs a business may have across the UK.  

Types of injection moulding tool finance available

Hire purchase: Hire purchase contracts generally have a term of up to five years. At the beginning of the agreement, you make an initial deposit, followed by a series of fixed monthly payments according to a structured instalment plan. Once the final payment is made, your business gains ownership of the asset.

Finance lease: A finance lease can be a suitable choice if your business does not require ownership of the asset. In this arrangement, you rent the injection moulding tool from the lender and make regular fixed payments throughout the lease term, at the end of the term, you will not own the asset.

Asset refinance: Leveraging the equity in an asset on your business’ balance sheet is an excellent option for investing in an injection moulding tool for your business. In this arrangement, the asset is sold to a lender, who then rents it back to your business under set terms.

How does injection moulding tool finance work?

With injection moulding tool finance, you pay an initial deposit, and then the remaining amount is paid over a fixed period with monthly instalments. Throughout the agreement, you do not have ownership of the injection moulding tool, however this tool can be used for your business. By financing your injection moulding tool, you can set the length of the agreement, as well as the deposit amount.  

Is injection moulding tool finance right for your business?

Paying for an injection moulding tool upfront could present issues with business capital and cash flow. Through financing an injection moulding tool, including hire purchase, finance lease and asset refinancing, you can pay for the asset over an extended time frame.

Through predictable repayments and a regular schedule, businesses can easily budget the payments of the injection moulding tool, making the repayment of the asset manageable.

Applying for injection moulding tool finance

MAF Finance Group works with an array of banks and lenders to provide the best financial solutions.

If you want to get a quote or could use further information, please fill out our form and we will be in touch shortly. If you would like to speak to us directly, you can call us on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, you can email us at [email protected].