Vehicle and Equipment Finance, also known as Asset Finance is used for the purpose of purchasing vehicles, equipment and other non-property assets.

Aston Mortgage & Finance can assist you in obtaining funding for assets such as >

• Motor Vehicles (fleet cars, utilities)
• Transport Equipment (trucks, trailers, tankers etc)
• Yellow Goods (earthmovers etc)
• Farm Equipment
• Ships, Airplanes, Trains and Buses
• Other assets (office furniture, IT systems and medical equipment)

Within Vehicle and Equipment Finance, there are various facilities on offer such as Chattel Mortgage (Equipment Loan), Hire Purchase Agreement (Offer to Hire or Lease Purchase), Finance Lease, Operating Lease and Novated Lease (a business leasing a vehicle on behalf of their employee with repayments made out of the employees pre-tax income). Each of these facilities have different accounting, tax and residual value implications associated with them. We suggest that clients consult their accountant to determine which type of facility is most appropriate for their particular circumstances.

Purchasing an asset using cash can be restrictive on a business' ability to grow or even continue to trade effectively on a day to day basis. Correctly structuring an asset purchase can assist to spread the cost over the life of the asset, leaving vital cash for your working capital needs. Whether purchasing a new asset or looking to release equity from an existing asset, where a sale & leaseback may be available (age restrictions apply to various assets in this regard), Aston Mortgage & Finance are the structuring experts.

Asset Finance is generally a fixed interest rate loan structured over the useful life of the asset. You may choose to have a balloon or residual payment (a lump sum payable at the end of finance term) to be cleared upon sale of the asset in order to reduce your monthly commitment. Vehicle and Equipment Finance is secured by the asset it is funding and repayments can be structured monthly, quarterly, semi-annually and annually depending upon cashflow. We have extensive experience in structuring these transactions as well as access to numerous financiers who specialise in this area.