…gives you the certainty of fixed costs enabling you to manage your cash flow for the duration of the agreement and the option to buy the asset at the end.
- NGI finance have many years experience in the manufacturing sector and will continue to offer asset funding solutions as your business expands.
Asset Finance via Hire Purchase
For certain types of asset financing requirements Hire Purchase offers a straightforward way to spread the costs. With this type of asset finance plan you pay a fixed rate of interest and benefit from agreed monthly payments, making budgeting simple and easy.
You choose the amount of deposit you wish to pay, typically between 10%-50% of the car’s price. The remainder of the balance, together with the interest, is repaid over an agreed period (12-60 months).
If you are looking to finance assets like capital equipment or plant and machinery then the benefits of Hire Purchase would be:
- Low deposit – doesn’t tie up personal or business assets
- Fixed monthly payment – makes budgeting simple
- Flexibility – doesn’t compromise your other lines of credit Assets – you gain ownership of the car
- Tax benefits – tax allowances for business users VAT free – no VAT on payments
Contact us now to find out more on 01993 706403
Finance for scaffolding equipment
A local scaffolding business was introduced to NGI via their current bank; the business had won major contracts and was due to double their annual turnover. The cost of hiring scaffolding was proving to be onerous so NGI arranged finance for the purchase of 3 loads of scaffolding.
Delighted with the service, and being able to access previously unknown funding lines, the client approached us to fund 4 company vehicles and a directors car, all of which were financed across 4 different finance companies.
A happy client and a good ongoing relationship all round..!