Asset finance explained
How asset finance works
As asset finance becomes more prominent in Australia, it’s important to understand how it works and what type of customer it suits.
What is asset finance?
Asset finance is primarily tailored towards self-employed clients, small business owners, and contractors. It enables customers to purchase the equipment they need to run their business. Cars that are utilised for work such as utes for tradesmen can be financed and can include add-ons such as signage and roof racks. Even some business insurances can be included.
In saying that, it’s still possible to get personal asset finance, and one of the most popular options is for buying cars. Click here to take a look at some of the most common asset finance options.