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A guide to asset finance Pt.6

We have now reached the end of our two week breakdown of asset finance products. If you would like to discuss any of the option or think we’ve missed out on a product you’d like to know more about, please do not hesitate to respond below or email info@smefinances.co.uk

  • Contract hire (or vehicle asset finance)

As per the title, this commercial product relates specifically to vehicles. Like most of the product breakdowns over the last two weeks – this relates to the securing of a product which is repaid over a period of time whereby the product is either owned, purchased or returned to the lender at the end of the contract.

The beauty of a contract hire product for a business requiring a fleet of vehicles is an obviously one; a fleet of vehicles without a large outlay, the maintenance and servicing managed by the lender and the potential to secure the vehicles at the end of the term.

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