Asset and equipment finance refers to the practice of borrowing money to purchase assets or equipment for business or personal use. This type of finance can be used to acquire a wide range of assets, such as vehicles, machinery, technology, and property.

 

The main advantage of asset and equipment finance is that it allows individuals and businesses to acquire the assets they need without having to pay the full cost upfront. Instead, the cost of the asset is spread out over time through regular repayments, which can help to manage cash flow and preserve working capital.

 

There are several different types of asset and equipment finance available, including leases, hire purchase agreements, and chattel mortgages. Each of these options has its own advantages and disadvantages, and the most appropriate type of finance will depend on the specific needs and circumstances of the borrower.

 

When considering asset and equipment finance, it is important to carefully consider the interest rates, fees, and repayment terms associated with each option. Borrowers should also consider factors such as the expected lifespan of the asset, the potential for depreciation, and the overall impact on their cash flow and financial position.

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MV Finance work closely with their clients, client's Financial Planner and/or Accountants to ensure we're aligning with your overall financial goals.