Are you planning to invest in new assets for your organisation? Before you part with working capital or compromise due to budget constraints, you might want to consider financing the purchase.
Asset finance enables you to acquire the assets you need to carry out your operations without having to pay the full cost upfront. Instead, the cost of the asset is spread out over a period of time enabling you to keep capital for other investments and, thanks to fixed regular repayments, manage your cashflow more effectively.
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Strategically, financing assets can transform how you think about procurement in general - no more need to compromise by using assets beyond their useful life, or face spikes in demand on your cashflow when their renewal becomes business critical.
Spreading the cost over time can help you keep more cash in your organisation while acquiring the assets you need to grow, without the compromises or delays often caused by budget restrictions.
Unlike cash, finance can unlock 100% tax relief (on both capital and interest).
Sinking your capital into ultimately depreciating assets isn't the best use of your money. Finance lets you keep the cash so you can invest where it's needed.
With rates fixed throughout the term, budgeting and planning for growth is much easier.
Avoid having to part with VAT as a lump sum upfront as it's often spread over your repayments (excluding Hire/Lease Purchase agreements).
Never again face unexpected spikes in your expenditure that you have not budgeted for. Spreading the cost lets you plan for the future, avoid equipment redundancy and take control of future investments.
Over-reliance on your primary funder is never a great strategy. Accessing specialist funders increases your available credit lines and reduces your risk.
We can wrap all your project costs into one finance package and cover all your expenditure including non-asset based elements such as labour, fees and delivery.
With a finance lease, the funder pays the supplier for the asset and in turn then become its legal owners. They then lease/hire the equipment back to the end user. The payments are charged plus VAT which can be reclaimed as normal.
Similarly to a finance lease, when you enter a Hire Purchase agreement the asset is paid for by the funder, but they will want the VAT to be paid up front on the cost of the equipment (which can be claimed back as normal). The funder then charges a regular fee to the end user, and the last payment has an additional option to purchase fee which transfers legal title to the end user.
An operating lease is a hire rather than a credit agreement which means the organisation is paying simply to use the equipment for a certain time period. When setting up the lease the lender would estimate how much the equipment is likely to be worth at the end of the finance term (its residual value) and that amount would deducted from the lease value, reducing the payments.
Got a question? Contact us today and one of our expert team members will get back to you.
We have arranged asset finance for thousands of UK organisations during our 25 years, from sole traders to multinational corporations, and there is almost no limit to the range of assets that an organisation can acquire through finance.
From office furniture to agricultural machinery, IT software packages to chip shop fryers, warehouse fit-outs to hairdressing equipment and plant machinery to solar panels, there isn't much that we can't finance.
Planning to invest in assets for your organisation? Sign up today to apply for no-obligation asset finance quote.
Repayments will vary depending on the lender and the type of financing you choose. Generally, repayments have fixed repayment terms and interest rates, whilst others have a variable interest rate based on the time it takes for invoices to be paid.
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There may be fees associated with applying for asset finance, such as valuation fees or application fees, and early repayment penalties may apply if the borrower decides to repay the loan before the end of the agreed-upon term. However, the specific fees and penalties can vary based on the lender and the asset being financed.
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The application process for asset finance typically involves completing an application form, providing relevant documentation, such as financial statements, and undergoing a credit assessment. We aim to make the application process as streamlined as possible.
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The eligibility requirements for asset financing will vary depending on the lender and the type of financing you choose. Generally, lenders will look at your credit score, revenue, and financial history to determine your eligibility. Some lenders may also require collateral or a personal guarantee.
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Asset finance involves obtaining financing for assets such as equipment, vehicles, or real estate in order to support growth or achieve other financial goals. As an asset finance broker, Bluestone offers a range of services to help clients obtain the financing they need for their assets, including loan sourcing, loan structuring, and loan negotiation.
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The timeline for securing asset finance can vary depending on the complexity of the financing arrangement and the specific requirements of the borrower. However, we work closely with our clients throughout the process to ensure that their financing needs are met in a timely and efficient manner. Key steps in the asset finance process typically include loan sourcing, loan structuring, loan negotiation, and loan closing.
Bluestone is able to offer finance for a wide range of assets, including but not limited to vehicles, agricultural equipment, machinery, and commercial properties.
Yes, there are some assets that may not be eligible for leasing, such as intangible assets such as patents or trademarks. This is because these assets cannot physically be used or sold by the lender as collateral.
Asset finance is a type of financing that allows organisations to acquire assets, such as equipment, vehicles, or property, without having to pay the full upfront cost. Our asset finance services provide a range of options to meet the specific needs of your business, including leasing, hire purchase, and loan financing.
We offer financing for a wide range of assets, including equipment, technology, vehicles, and more. There may be some restrictions or limitations based on the type of asset and the specific financing product, but we would be happy to discuss your needs and determine if there are any constraints.
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We know finance can be complex and often it's easier to talk things through. Drop us a message or give us a call 0330 135 8660 and we'll get back to you ASAP.
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