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Asset Finance is the key to getting the right assets for your company in the most cost effective manner. This can enable you to maximise your tax and cashflow management.
Structured Finance Solutions for Your Asset Purchases
With a dedicated team of Asset Finance specialists
available to discuss a customer's individual
requirements, Bank of Ireland can offer a packaged
solution to enable customers to acquire a range of
assets within the UK and abroad.
Whether it is commercial vehicles, cars, production
machinery, office equipment or construction equipment,
Asset Finance has a range of options to assist you in
making the right decision at the right time.
Hire Purchase
One of the most adaptable ways to fund fixed assets
is Hire Purchase. With monthly repayments structure d
over 2-5 years, the customer can enjoy economic
ownership from the outset. This is particularly suitable
with equipment which has a long working life within
the business. To read more about Hire Purchase click here. .
Leasing
With the use of Tax Based Leasing customers are able to
use plant, equipment or vehicles without having to own
them. In effect, these can be rented initially over a 2-5
year term. To read more about Leasing click here. .
Chattels Mortgage
Businesses that enjoy strong cashflow are able to benefit from the flexibility of repayments under Chattels Mortgage. This is simply a loan secured by title to the equipment. Interest is debited quarterly on the capital outstanding at any time. To read more about Chattels Mortgages click here. .
The Next Move
Choosing the right product at the right time is not a simple policy decision. Our experience in discussions with businesses has in reality led to a range of products being used for different assets over varying periods. It is up to us to show you the options and develop a packaged response to your needs. All you need to do is contact us now and one of our specialists will call you to arrange a meeting.