Asset finance is a broad term for finance arrangements used to acquire vehicles, machinery, equipment and other eligible assets.
Depending on your circumstances and the lender, different structures may be available. Speak with a finance specialist and your accountant before making decisions.
What asset finance means
In practical terms, asset finance can help a business acquire an eligible asset without necessarily paying the full purchase price upfront. Available options depend on the asset, your circumstances and lender criteria.
Common asset types
Businesses may explore finance for vehicles, trucks, equipment, machinery and a range of specialist assets, subject to eligibility.
Important considerations
Before applying, consider how the asset will be used, your preferred timing, cash flow and any information that may be requested during assessment. Approval is not guaranteed.