D B Associates use the whole market for asset finance, from high street banks to specialists asset lenders. We match your needs and circumstances with the lenders to find the best rates for your individual needs.
Asset finance can be used on new purchases or on assets already owned.
Please feel free to contact us if you would like more information on the options available.

Hire Purchase

You pay a deposit to the finance company of around 10% - 20% and the finance company then takes ownership of the asset.
You would usually also be required to pay a documentation fee and the full purchase VAT, subject to eligibility you would then recover the VAT yourself and pay pre agreed instalments for the outstanding amount and interest over a set period.
Even though you are not the owner of the asset during the agreement period, you can still claim the writing down allowances as though you had made the purchase.
At the end of the agreement you take ownership of the asset by way of a payment of an option to buy fee.

Hire purchase agreements can be on a fixed or variable rate and the monthly payment can be reduced by way of a balloon payment at the end of the agreement.

Lease Purchase

Lease purchase is similar to hire purchase, the only difference being that you pay a deposit as a multiple of the repayments rather than a 10% - 20% deposit.
The remaining balance and interest is repaid in agreed instalments.
Therefore instead of  the 10% - 20% deposit followed by 36 monthly payments, it would be a deposit of 3 payments followed by 33 monthly payments.

The fee structure and eligibility for the VAT and writing down allowances are the same as hire purchase, as is the the choice of fixed or variable rates.

Finance Lease

With a finance lease the finance company takes full ownership of the asset and rents it to you over a period, the finance company can claim the writing down allowances and convey this benefit to you by reducing the rentals.
The rentals are subject to VAT that you can recover if eligible, you will not however need to pay the purchase VAT.

At the end of the agreement you can enter a secondary period at a reduced rental or you may be allowed to sell the asset on behalf of the finance company and share in the proceeds.