Eldred Group Asset Finance:
At Eldred Group we help companies finance the asset they require. Whether that is to develop, become more efficient or help transition to net zero. Our bespoke and flexible asset finance solutions help spread the cost of capital expenditure.
What is Asset Finance?
Asset Finance refers to a financial arrangement where a business obtains funds to acquire or use an asset, such as equipment, machinery, vehicles. It is a type of financing that allows businesses to access the necessary assets without paying the full cost upfront. Asset finance can take different forms: Hire Purchase, Operating Lease, Finance Lease.
Why use Asset Finance?
- Spread cost of expensive assets over time
- Support your companies cash flow
- Avoid large upfront costs
- Keep up to date with the latest technology
What’s on offer?
- Lending from £25,000 for businesses
- Up to 100% of the asset cost covered
- Terms of 1 to 5 years, with the option to buy the asset at the end of term
Our Asset Finance Solutions
Hire Purchase
Hire Purchase (HP) is a simple and affordable means for businesses to acquire valuable, high specification equipment, machinery and vehicles by spreading the cost over an agreed period of time.
Suitable if:
- Want to own the asset at the end of the agreement
- Intend to use the asset for an extensive period of time
- Customise or modify the asset to suit your specification requirements
- Depending on your jurisdiction, there may be tax advantages associated with Hire Purchase
Operating Lease
Operating Lease is a type of lease agreement where the lessor (funder), grants the use of an asset to a business, for a specific period of time. In an operating lease, the lessee does not assume ownership of the asset at the end of the agreement.
Suitable if:
- You need equipment or assets for a relatively short period of time, typically less than the item’s useful life
- When the equipment or asset is in danger of becoming obsolete
- The asset / equipment has high maintenance and repair costs
Finance Lease
Finance Lease is a type of lease agreement where the Lessee (the entity using the asset) receives the benefits and risks associated with owning the leased asset. It is a long-term lease arrangement that is similar to a loan for purchasing an asset.
Suitable if:
- You need the asset / equipment for an extended period, when you intend to use it until the end of its economic life
- The entity is looking to potential purchase the asset at the end of the lease term, typically at a predetermined price
- You require customisation of the asset