Resources
How to Keep Your Telecommunications Infrastructure Up to Date
Communication has become pivotal in the world today, and very few of us even dare to part with our cell phones for longer than a few minutes. This is how we stay in touch, and it is no different for a business. Having an up to date telecommunications infrastructure,...
How Does Fleet Financing Work in 2022? (Truck Finance, vehicle leasing, and more)
There are very few businesses that do not require a vehicle of some description in order to operate. These may vary from delivery cars for small items or services to light-duty trucks, cargo trucks, refrigerated trucks, trailers, and even boats or ships. Some...
Tailored Technology Leasing to Suit Your Business Needs
No matter the business you are in, you need an infrastructure. An infrastructure that requires planning, staff, and equipment. Whether you are in the mining industry, construction, medical, IT, telecommunications, or any other industry, Equipment Finance can tailor a...
Save Costs by Leasing IT Equipment
No business can survive without IT equipment in the 21 st century. Whether you are an existing company or a start-up, there comes a point where you need to acquire or upgrade current IT equipment, and the question will come up – should I lease IT equipment? Why not...
Medical Equipment Leasing in South Africa
Acquiring new medical equipment can be an expensive and difficult process. Deciding on whether to buy or lease your medical equipment is not an easy decision either. Many of us prefer our own things, things which belong to us like a car or house, but with the speed...
How to Finance Your Leisure Equipment
We all need to work; this is a given. Whether you work regular office hours or shift work, we all also need time off to relax and recover from the stresses of work-life. Leisure time is needed so that we can stay both mentally and physically healthy. Binge-watching...
How a New Forklift can Help with Your Material Handling
If you are in the business of handling heavy materials or boxes, in warehouses or in loading docks, or anywhere else, you need a forklift. They are heavy and robust and get the job done. It is an essential investment for a business that uses machinery regularly, but...
Why Construction Equipment is So Important
Anybody who has ever done any home DIY will know that having the right tools to do a job is essential. Not only to do a good job but to do it as quickly as possible. This is particularly true in the construction industry where having the right equipment is crucial....
Is Renting/Leasing Office Equipment Right for my Business?
You’ve done your research, your business is viable, and people believe in you and the fact that you will run it successfully. Running a business, however, is no easy job especially when it comes to getting the finances the setup costs. You need to have the right...
Frequently Asked Questions
What is an example of asset finance?
An example of asset finance is when a business leases a machine, such as a milling machine, from an asset finance company. This loan is “secured” against the purchased or leased asset and if the business fails to make repayments, the lender can repossess the asset. Asset finance is a great way for businesses to acquire the necessary machinery without investing large amounts of capital upfront.
What are the different types of asset finance?
Asset finance can come in many forms, such as leasing, hire purchase agreements, or loan agreements. Leasing is when a business rents the asset for an agreed period of time and then returns it to the lender. A hire purchase agreement gives the business more ownership of the asset after they make payments on it over a set period of time. Finally, a loan agreement provides funds upfront to buy an asset and then requires regular repayments until the loan is repaid.
At Equipment Finance, we offer asset leasing finance only.
What is asset finance and leasing?
Asset financing and leasing is a type of business finance that allows business owners to purchase or lease assets such as machinery, vehicles or other equipment. Instead of paying the full upfront for such assets, you can spread the cost over an agreed period of time with fixed payments. The key feature of asset finance is that the asset being financed is used as collateral for the loan, which means that if you default on the loan, the lender can seize the asset.
What is the difference between loan and asset finance?
A loan is a lump sum of money that you borrow, while asset finance involves the use of an asset or equipment as collateral for the loan. With asset finance, the lender has the right to seize the asset if payments are not made on time. Loans also tend to have higher interest rates than asset finance because they do not rely on any form of physical collateral. Asset finance is usually more affordable and suitable for businesses that need large pieces of equipment but don’t have the upfront cash to purchase it.