What do you know about Asset Finance?
- Date: 14 August, 2018
Back in June 2018, we asked over 100 businesses for their views on Asset Finance.
For example, is Asset Finance for larger multinational companies? Isn't Leasing something for Cash poor businesses? Our infographic clears up some misconceptions in the Asset Finance market. (Click here to see a full-size version in your browser)
35% of businesses believe it is better to buy equipment outright; however, using finance keeps cash within a business to allow for expansion in other areas while paying over one to five years.
Only two-thirds of businesses are aware that finance can cover assets from as little as £1,000.
One in five businesses believe finance is for those that can't afford to pay outright; however, lots of large businesses including multi-nationals use finance in one form or another who benefit from healthy cash flow and tax savings.