Asset finance
Asset Finance
Asset financing is a type of lending that gives you access to business assets such as cars, trucks and other vehicles.
These can be obtained for the purpose of releasing cash from their value in those already owned by an entrepreneur or company owner who needs additional funds during growth periods because they have been so successful at first!
Asset finance includes:
- chattel mortgages (less common)
- equipment leasing/finance leases (more common)
Hire purchase deals where you exchange your own work time for use on one asset; operating lease agreements help keep costs down while still offering some degree protection against loss through repair expenses if something goes wrong with it
Asset finance to get new assets and equipment
Asset finance is a way of getting new equipment and assets for your company. It can be expensive, but it might be the right move that solves all your cash flow problems!
Chattel Mortgage
A chattel mortgage is a type of formal agreement that you can use to purchase an asset (like cars, equipment or even houses). The security for your loan would be whatever property is being financed; in other words – the item itself. This makes it very similar structurally with traditional home loans and mortgages where lenders rely on properties as collateral instead!
An Equipment Loan is an excellent alternative to a Hire Purchase or Finance Lease, as it gives you ownership of the asset from day one and allows for easy repaying through its income. However there are some downsides: if payments aren’t made on time then your finance provider might be able to take back your car/equipment after a certain period has passed – this isn’t what most people want!
Hire purchase
Hire purchase is a popular financial strategy for individuals to leverage their money and purchase an asset, such as real estate. You can pay in installments over time which will reduce the cost of ownership on your balance sheet but also mean that you’re responsible if anything happens with this item during its tenure – though there’s no risk because once hire-purchase agreements end, owners gain full control back!
Why Us
If you are looking for Asset Finance or car finance in Australia, Mortgage24 is the team to contact.
We offer a no-obligation consultation over the phone, answering all your questions.
If your business needs a hassle- free Asset Finance with some of Australia’s most competitive interest rates, contact Mortgage24 today.