Asset Finance
Finch Mortgages helps asset finance customers by securing flexible funding solutions that make it easier to purchase vehicles, equipment, or other essential assets without disrupting cash flow.
What Is an Asset?
An asset is anything of value that you own or control, which can generate income or provide future benefits. In the context of finance, assets can include vehicles, machinery, equipment, or even technology that helps your business operate and grow. These items are considered assets because they hold monetary value and
Key Features and Considerations of Asset Finance Loans
Key Features
- Flexible Funding Options: Allows businesses or individuals to acquire vehicles, equipment, or machinery without paying the full cost upfront.
- Preserves Cash Flow: Spreads the cost over manageable repayments, helping maintain working capital for other expenses.
- Ownership or Lease Choices: Offers options for full ownership at the end of the term or ongoing leasing arrangements.
- Tailored Terms: Loan structures can be customized to suit business cycles, asset lifespan, and budget requirements.
Considerations
- Interest Rates and Fees: Rates may vary depending on asset type, lender, and credit profile, so comparing options is essential.
- Depreciation Risk: Assets like vehicles lose value over time, which can impact resale or trade-in value.
- Maintenance and Insurance Costs: Borrowers remain responsible for upkeep and insurance, adding to overall cost.
- Early Repayment Penalties: Some agreements include fees for paying off the loan early, so terms should be reviewed carefully.
Role of an Adviser
As an Adviser, we provide guidance and support tailored to first home buyers, helping to demystify the business lending environment. Our services include:
- Market Knowledge: We offer insights into the latest loan products from a range of lenders, ensuring you’re aware of all available options.
- Personalised Service: By understanding your specific needs and financial capacity, we can identify loan solutions that align with your goals.
- Application Process: We assist in preparing and lodging your loan application, ensuring all necessary documentation is in order and compliance with lender requirements is met.
- Communication: We act as the point of contact between you and lenders, managing negotiations and correspondence to streamline the approval process.
- Ongoing Support: From pre-approval to settlement, we provide continuous assistance, answering questions and offering guidance throughout your finance journey.
If you’re ready to take the next step, please reach out to us today.
