Business Support Finder
Aldermore Asset Finance
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Aldermore Support Type:
Finance Description:
Asset finance is a way to spread the purchase cost over an asset's economic life. You pay for the asset whilst it supports your business and you can also fix the cost of buying it too.
Aldermore offers two types of asset finance:
- Hire purchase - this product provides a fixed or variable rate and with this option you generally pay the VAT and an initial deposit at the start - followed by a structured repayment profile designed to facilitate cash flow.
- Leasing - this product provides fixed rentals over an agreed lease term. Leasing allows you to use and possess the asset for the period of the lease. When the contract ends, you can choose to retain use and possession of the leased asset in return for secondary period rentals.
Lending can range from £5,000 up to £1,000,000 and the loan to value (LTV) can be up to 100 per cent of the asset cost excluding VAT.
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Wales