Asset Finance

What is Asset Finance and is it suitable for my business?

Asset Finance has been used by businesses for many years as a way of funding business assets over a convenient period of time - in certain circumstances it may even be tax efficient (please speak to your acccountant).

Asset Finance is the term used to describe the financing of the asset by the use of a financial instrument such as Hire Purchase or Leasing. Often we are asked to assist clients with Fixed Rate Hire Purchase as they wish to fund the asset for a certain period of time, have ownership at the end of the term and be safe in the knowledge that the interest rate is fixed at the outset.

A Funder will often require a deposit, this could be any amount but is often in the region of 5-10% plus all the VAT on the deal. However in certain circumstances we are able to tailor a deal which allows for a smaller depost and deferral of the VAT.

Terms of the finance generally range between 2-5 years, although for some assets terms of up to 10 years may be considered.

When a Funder looks at your application, they will consider both the financial status of your business combined with the age / suitability of the asset being purchased. The great advantage of using Asset Finance Wales as a broker is that we have access to a panel of lenders which means that the majority of the time we are able to find a lender who is able to help in your circumstances.

Over the years we have helped many different businesses fund a wide variety of assets, from Wales and the rest of the UK. To give you a feeling for the assets which we have been successful in arranging funding for, here is a brief list....it is just a sample:

Cars, Vans, Pickups
HGV Cabs and Trailers
Portakabin / Site Offices / Portable Toilets
IT systems for both offices and Warehouses
Funeral Vehicles
Plant and Machinery / JCB / Tippers / Diggers / Cranes
Minibus / Coach - including vehicle hire
Restaurant / Shop refurbishment

If you've got an asset whcih you need to arrange finance for, please contact us. We'll let you know quickly whether it is something which we can help you with.

Why Use An Asset Finance Broker?

There are several advantages to using an Asset Finance Broker rather than conacting a funder directly.

Firstly, and probably most importantly, we know the Asset Finance market thereby saving you time and frustration. There are so many lenders out there operating in the industy, however the lenders all have there preferred business sectors and assets.

Potentially we may be able to save you money too as the lenders all have their own pricing models, also due to the volume of business we introduce to the lenders we sometimes get preferential rates for our clients

We don't charge you a fee - we get paid a commission from the lenders when we introduce a deal which is successful. Due to the fact that most lenders pay a similar commission we are not swayed to any particular lender.

Asset Finance Broker Hire Purchase and Leasing Finance for Wales

Newport, Cardiff, Swansea, Bridgend, Carmarthen, Llanelli, Merthryr, Haverfordwest, North Wales, Pembrokeshire, Port Talbot

This website is owned by Business Finance Direct Limited Business Finance Direct Limited (FRN No: 976605) are an appointed representative of Alpha Asset Finance Ltd who are authorised and regulated by the Financial Conduct Authority (FRN No : 804584). We are a credit broker and not a lender and work with a panel of lenders from whom we may be paid a commission for effecting the introduction. 2021 Copyright © Alpha Asset Finance Ltd - Alpha Asset Finance is a trading name of Alpha Asset Finance Ltd, Company number 11232961, Registered address Second Floor Office, The Maltings, Wharf Road, Grantham, NG31 6BH. NACFB Membership number: M/0015/20.