AFP 4 Business is delighted to be on the approved panel of brokers for a bank that is a specialist lender of asset finance facilities.
Asset finance is available to business users, ranging from sole-traders to large limited companies. Generally, the preferred type of asset to be financed will be wheeled and tracked assets but other types of assets will be considered. Repayment terms usually range from one to five years and individual deal sizes can be from £10,000 to £500,000 and above. Deposits and finance terms are dependent on the age and type of asset, and are subject to the borrower’s status.
Hire purchase is a finance agreement that is secured on the asset being funded. Payments can be tailored to suit your requirements and you have the opportunity to own the asset at the end of the finance period.
A finance lease allows you to use the asset during the lease period, without owning it. The monthly rentals are normally 100% allowable against tax. At the end of the lease, you can either continue with nominal annual rentals or sell the asset as our agent and benefit from a proportion of the sale proceeds.
The following assets are usually financed:
Light commercial vehicles
Heavy commercial vehicles
Bus and coach
Waste recycling equipment