We offer a range of flexible asset finance funding solutions, including but not limited to; hire purchase, leasing and refinancing, that will allow you to purchase assets including new and second-hand commercial vehicles, plant and machinery, and construction equipment.
Asset finance is one of the fastest growing funding options in the market. In contrast to bank loans and overdrafts, our suite of products allows you to put the asset straight to work and keep your working capital intact.
Why tie up vital cash flow at a time when banks are reluctant to lend? Investing in new equipment using asset finance may be a more cost effective way to fund your purchases and may reduce some of the risk that ownership may encounter. With asset finance, you spread the cost of the equipment over the course of its economic life, with fixed monthly payments on agreements from 12 to 72 months.
With Hire Purchase and Lease Finance, there are options to suit many finance structures and provide an alternative to buying outright with cash. You may even release the capital tied up in the assets you already own using our Refinance options. And with our straightforward approach to Asset Finance, you’ll get a quick decision. We don’t do “computer says no” and one of our asset finance experts will look at every deal we can’t say yes to right away, to see if there’s something that we can do.
Reasons to use Hire Purchase:
⬗ A quick response with a straightforward service.
⬗ With Asset Finance, you may have access to funds where traditional options may not be accessible.
⬗ A clear repayment plan with total clarity on fees and charges.
⬗ A transparent application process that keeps you informed every step of the way.
⬗ Where we can’t give an auto-yes, a real person will look at the deal - we never take a “computer
says no” approach.
Our team of finance specialists will advise you of which of our asset finance products best suit your requirements, ensuring you have the right solution to help manage your cash flow and grow your business.
Hire Purchase
First Rapid Bank