What is an example of asset finance?

You can use business asset finance in various ways to suit your company and requirements. For example, you may wish to use asset finance to secure new equipment either to meet customer demand or replace a broken or faulty unit. In this instance, you can get high-quality equipment essential to the continued growth of your business without taking a huge hit on finance with a large upfront payment. Instead, repayment on the asset finance agreement is affordable and manageable while your new piece of equipment continues to bring in revenue for the business.