Asset Finance

• What Assets Do We Finance?

  We finance a wide range of assets and can cover most equipment types in most sectors. We can lend from as little as £2,500 to as much £2m which gives an idea on the scope of equipment we can fund.
  Just an idea on the types of equipment we fund are as follows:

  – Light Commercial vehicles
  – Heavy Goods Vehicles
  – Plant Machinery
  – Trailers
  – Construction equipment
  – Manufacturing processing equipment
  – Manufacturing Robotics
  – Printing equipment
  – IT equipment

  And much more! So please do contact us for further information.

• How long can I take the finance over?

  This is very much down to the amount borrowed, the age and type of equipment. It is possible to fund over 120 months (10 years) but on average a maximum term is 60 months (5 years).

  If the amount borrowed is more than £20,000 and the equipment is within a few years old, 84 months (7 years) is certainly possible subject to credit and status.

• What finance options are available?

  Our Asset finance products are as follows:

  – Hire Purchase (HP)
  – Hire Purchase with Balloon
  – Lease
  – Lease with Balloon
  – VAT Deferrals are available.
  – Seasonal payments are available (subject to your business type)

  Finance Products Explained

  Which finance product to choose can sometimes feel like a complex process, especially if you haven’t opted for finance before. At Bear Credit we pride ourselves on providing clear, straight forward information to help you make the right finance choice. We want our customers to understand what product options are available, what they mean and how they can help. ‘Read More’ for information on our finance products.

  Read More

• What Deposit do I need to pay?

  If the equipment attracts VAT, for HP we do expect the VAT as deposit.
  If there is No VAT, a 10% deposit would be suitable.

  For a Lease, we can provide finance from a minimum of 1 monthly payment in advance followed by the term.

• Limited Company, Sole Trader or Partnership wanting to apply for Asset Finance?

  Get in touch for a personalised quotation and let us do the hard work for you.

  Call us on 01502 473319 or message us via our ‘Contact Us’ page.

  Apply Today