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 firstname.lastname@example.org
- 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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