Within the construction industry, plant machinery is vital to the success of your company. Here at Capital Asset Finance we can help you afford the machinery you require by using our machinery finance solutions.
Why use asset finance for your construction needs?
Whether you are looking for a new or used excavator, bulldozer etc, asset finance is by far your most efficient way to acquire these assets. Spreading the cost of the asset over 3-6 years eases your cash-flow burden and allows you to take advantage of numerous tax benefits.
Here at Capital Asset Finance, we take the workload of shopping around away from you as the customer. With a range of lenders at our disposal (70+) we do the shopping around on your behalf ensuring you always get the best deal with the best rates (subject to credit).
What are your finance options?
Your finance option depends on your finance requirement
Hire Purchase
Hire purchase is the most utilised form of asset finance with 55% of all arrangements done through this product. With our tailored plans to suit your budget and cashflow needs this is the simplest form of asset finance. When the term ends, you will own the asset.
Finance Lease
A Finance Lease is very similar to Hire Purchase, although VAT is paid monthly, rather than at the beginning of the term as with HP. A Finance Lease is also considered an operating expense, and therefore the tax on each payment is fully deductible.
Refinance
Every business requires investment to grow. Refinance offers an alternative way to raise funds away from the more typical option of going to your bank. Although using your bank is a great option, keeping that availability for a ‘rainy day’ or specific raising option is vital. Raising capital against an asset is a great alternative to inject working capital into the business.
Please give us a call if you would like to know any more details or enquire about any of the above.
Plant & Machinery Equipment We Finance
If what you are considering costs over £950, it’s likely we can finance it. Please do get in touch to let us know what you may be looking for/supplying, and we will advise on whether we can finance it.