Asset finance is a form of finance that enables businesses to acquire assets without having to pay the full cost upfront. It is a type of lending that is secured against the asset being purchased, and is often used to fund the purchase of large items such as vehicles, machinery, and equipment. Asset finance can be used to purchase both new and used assets, and can be tailored to suit the needs of the borrower. Asset finance can be used to spread the cost of an asset over a period of time, allowing businesses to manage their cash flow more effectively. It can also be used to free up capital for other investments, or to finance the purchase of assets that may not be available through traditional financing. Asset finance is provided by a range of lenders, including banks, asset finance companies, and specialist lenders. Companies in the market include Hitachi Capital, Close Brothers Asset Finance, and Aldermore Asset Finance. Show Less Read more
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