There are two main forms of asset finance delivery, by direct Asset Finance or vendor Asset Finance.

Direct Asset Finance – This method of asset based financing comes through financial institutions like specialist financiers, brokering services and banks. The finance is arranged separately from the manufacturer or vendor of the asset.

Vendor Asset Finance – This type occurs when the manufacturer or vendor of an asset offers a finance option for buying their products as an alternative to purchasing the asset with a one-off payment. This is often a convenient way to sort out finance if you already have an established business relationship with the manufacturer.

Asset Financing solutions are very useful when dealing with budgeting. It means that your firm can budget for the monthly payments rather than a single lump sum payment. You can gain the benefits of using the asset before it has been paid for in full.

Asset Finance also comes with some tax benefits. Generally operating lease payments are fully tax deductible which means that they can be made with pre-tax money. If you purchase an asset with a lump sum payment you have to use taxed money.

Get in touch with assetfinancebroker.co.uk today, we will help you find the most suitable Asset Finance provider for your business requirements. We will put you in contact with a quality UK finance company free of leasing broker charge.