KIRKWOOD ASSET FINANCE

Hire Purchase is a popular asset finance option that allows individuals and businesses to acquire assets, such as cars, vans, trucks or equipment, without paying the full upfront cost. With Hire Purchase, the buyer makes regular installment payments over an agreed-upon period until the total cost of the asset is covered, after which ownership is transferred. It offers a convenient and manageable way to own valuable assets while spreading the financial burden over time.

Finance Lease is a flexible asset finance arrangement that enables businesses to use an asset without ownership. With Finance Lease, the lessor purchases the asset and leases it to the lessee for an agreed-upon period. Throughout the lease term, the lessee pays fixed rentals, and at the end of the lease, they can choose to extend the lease, sell the asset and keep a share of the profits, or purchase the asset at its residual value. Generally this option means no end of life damage or excess mileage charges. 

Refinance, also known as capital release, is a financial strategy that allows individuals or businesses to unlock the equity tied up in their existing assets, such as cars, vans or Trucks. By refinancing, borrowers can secure a new loan against the asset's value, enabling them to access a lump sum of cash while still retaining ownership and continuing to use the asset. This can be a useful option for obtaining funds for investment, debt consolidation, or other financial needs, providing a way to leverage existing assets for additional liquidity.