A brief on asset finance

June 25, 2012  //  Posted by: Financial advisor  //  Category: Finance

Asset finance, financial tipsAsset finance is a broad term that will encapsulate the various different finance packages. There are : Hire purchase asset finance, Lease purchases. In hire purchases, the business owner is allowed to purchase a contract, pay a deposit, a monthly fee. Once the purchase price is repaid full the business owner can select any item at a predetermined fee, or he can also return the item to the lender. In financial lease, the financial company owns the asset and it can then rent it for a limited given span of time.

But you cannot sell the asset as it does not belong to you. Using an operating lease is another option of your financial asset. This option does not allow you for a second rental period. All these options fall under the broad term of Asset finance. You can do this after you do a lot of research and these financial terms and their details can be found in internet.

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