Asset financing for capital equipment
Buy or lease the equipment that you need to do business now, instead of saving up for it over the long term.
Some of the benefits
Cash flow
Maintain good cash flow and affordability by letting us pay up-front for your assets
Advantage
Hedge against inflation, and put key assets to work while opportunity knocks
Buy or lease
Choose an instalment sale, or a financial lease that gives you the option to own
Your terms
Repayment amounts, initial payments and balloon payments are negotiable
What you get
- A finance package that’s customised to the equipment you want
- Repayment terms that suit the cash flow of your business
- Option to reduce interest by linking your agreement to an Access Finance Account
- Negotiable initial payments, subject to equity requirements
- Linked or fixed interest rate
What it costs
- Initial payments are negotiable*
- Balloon payments are negotiable
- Repayment terms are negotiable
- Monthly repayments are made via debit order
*Subject to equity requirements
How it’s taxed
- You can claim depreciation of business assets on your taxable income
- For professionals, sole proprietors, CCs and companies, assets should be capitalised* and the liability reflected on the balance sheet
- Recoupment tax applies to car allowance holders if the car’s sold for more than the tax value
*In accordance with Generally Accepted Accounting Practice
What we finance
- Quarrying, underground and mobile opencast mining equipment
- Farming equipment for feeds, dairies and vineyards
- Technology equipment for medical, printing and IT sectors
- Manufacturing equipment
- Aviation parts
- Diversified assets
How to get it
If you already have a Business Current Account
- Speak to your business banker
If you don’t
- Call 0860 000 000
- Or speak to us at your nearest branch
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What you get
-
What it costs
-
How it’s taxed
-
What we finance
-
How to get it
- A finance package that’s customised to the equipment you want
- Repayment terms that suit the cash flow of your business
- Option to reduce interest by linking your agreement to an Access Finance Account
- Negotiable initial payments, subject to equity requirements
- Linked or fixed interest rate
- Initial payments are negotiable*
- Balloon payments are negotiable
- Repayment terms are negotiable
- Monthly repayments are made via debit order
*Subject to equity requirements
- You can claim depreciation of business assets on your taxable income
- For professionals, sole proprietors, CCs and companies, assets should be capitalised* and the liability reflected on the balance sheet
- Recoupment tax applies to car allowance holders if the car’s sold for more than the tax value
*In accordance with Generally Accepted Accounting Practice
- Quarrying, underground and mobile opencast mining equipment
- Farming equipment for feeds, dairies and vineyards
- Technology equipment for medical, printing and IT sectors
- Manufacturing equipment
- Aviation parts
- Diversified assets
If you already have a Business Current Account
- Speak to your business banker
If you don’t
- Call 0860 000 000
- Or speak to us at your nearest branch
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Vehicle finance top-up insurance
Avoid financial setbacks should your insurance payout not be enough to settle your outstanding debt or next deposit.
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