Types of Computer Asset Finance

Put simply, Competitive Commercial Computer Asset Finance is the provision of credit or leasing facilities to fund your acquisition of business vehicles.

What is Competitive Commercial Computer Asset Finance?

Security is primarily taken on the vehicle concerned and is generally a stand-alone facility. The cost is spread over a period up to the useful life of the vehicle.

The Benefits Of Competitive Commercial Computer Asset Finance:

The cost of the vehicle can be linked to the income stream it might generate.
Relatively straightforward facility to arrange.
The rental profile is agreed at inception allowing simple cashflow management.
It is a stand-alone facility that leaves other lines of credit intact for working capital.
Unlike an overdraft, asset finance is generally non-cancellable providing the agreement is maintained correctly.

Types of Competitive Commercial Computer Asset Finance:

Competitive Commercial Hire Purchase with Computer Asset Finance
In basic terms, you source the asset and negotiate the purchase price with the supplier. You pay a deposit to the finance company, typically 10-20%, and the finance company then takes title direct from the supplier.
Competitive Commercial Lease Purchase with Computer Asset Finance
Lease Purchase is practically identical to Hire Purchase, the only difference being that instead of paying a deposit of 10-15% you typically pay a deposit as a multiple of the repayments. The remaining balance and interest is repaid in instalments. The number of instalments is defined by the pause.
Competitive Commercial Contract Purchase with Computer Asset Finance
The only salient difference is that typically at the end of the agreement there is a balloon or guaranteed future value specified. This final value reduces the amount you have to repay in instalments.
Competitive Commercial Finance Lease with Computer Asset Finance
With any lease contract the finance company takes full ownership of the asset and rents the goods to you over a predetermined period. The finance company can claim the writing down allowances and convey this benefit to you by reducing the rentals.
Competitive Commercial Operating Lease with Computer Asset Finance
The only difference between an Operating and a Finance Lease is that the primary period rentals do not cover substantially all of the capital cost and hire charges. For example a lease for a printing press costing £400,000 may include a residual value at the end of the primary period of £150,000. The primary rentals are thus based on £250,000 and not the capital cost of £400,000.
Competitive Commercial Capital Raising with Computer Asset Finance
If you require financing for an unsuitable asset, or for project work (MBO etc), capital raising by Sale & LeaseBack, Sale & HPBack, or Chattel Mortgage will enable you to put the equity of your existing assets to good use.

Variations

Further Competitive Commercial services offered by Asset Finance:

UK Business and Commercial Computer Asset Finance:

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Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Commercial Asset Finance Deal.