Choosing the Right Type of Finance
All types of financing offer different
advantages and it is important that you assess your
circumstances and needs before committing to a specific
finance contract.
For example, if you ...
... want to own the asset straight away, rather than
lease it, then buying the asset outright is probably
a better option of you, and you can do this by taking
out a loan or an overdraft.
... may want to own the asset at some point in the
future and want to take advantage of installment payments,
it probably makes more sense to consider hire purchase.
... require the asset for a period of time significantly
shorter than the useful life of it; an operating lease
may be of more benefit to you.
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Asset
Financing Guide
