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Asset Finance: The Complete Guide

August 11, 2022 1 Min Read
Business Finance

Asset finance allows businesses to purchase high-value assets (plant, machinery, vehicles, IT equipment) without paying the full cost upfront. The lender purchases the asset, and the business pays a monthly fee to use/own it.

Types of Asset Finance

  • Hire Purchase: You pay instalments and own the asset at the end.
  • Finance Lease: You rent the asset for most of its useful life; usually never own it.
  • Equipment Lease: Flexible leasing with options to upgrade equipment.
  • Asset Refinance: Release cash tied up in assets you already own.

Money Pilot can help you find the lender that’s right for your asset finance needs.

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Yes — comparing finance options and getting matched with lenders through Money Pilot is completely free, with no obligation to proceed.

Business finance, property finance, bridging loans, commercial mortgages and more — our panel of 200+ lenders covers most funding needs.

Often, yes. Many of our lenders specialise in cases with adverse credit history — our matching engine will surface the right options for your circumstances.

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You can complete the whole journey online, but our team is always on hand if you would rather talk it through with a specialist.

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