Asset & Equipment Finance Chattel Mortgage and Commercial Lease

If your business needs to acquire assets like vehicles, equipment, or machinery, asset finance solutions like chattel mortgages and commercial leases may be an option. These financing options can provide flexibility and tax benefits but can also be complex to navigate. That’s where Nexgen Lending can be a valuable asset, helping your business to secure asset finance that suits your needs.
Before delving into how we can assist with these financing options, let’s briefly understand what chattel mortgages and commercial leases entail
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Chattel Mortgage

A chattel mortgage is a type of loan where a business borrows funds to purchase an asset, and the asset itself serves as security for the loan. The business takes ownership of the asset from the outset and repays the loan over a fixed term, including interest. At the end of the loan term, the business gains full ownership of the asset after making all payment, as the lender releases the charge over the asset.

Commercial Lease

In a commercial lease arrangement, the financier purchases the asset and then leases it to the business for a period of time. The business has possession and use of the asset during the lease term but doesn’t own it. At the end of the lease term, the business typically can purchase the asset for any residual or balloon payment, extend the lease, or return it.

How Nexgen Lending can assist

with your Asset and Equipment Finance

Understanding Your Business Needs

The first step in helping you finance is understanding your specific requirements. Nexgen Lending will take the time to understand what you and your business require, budget constraints, and long-term goals to determine whether a chattel mortgage or commercial lease is the more suitable finance option.

Access to a broad range of Lenders

Nexgen Lending has access to an extensive network of lenders, including those specialising in asset finance. We connect businesses with lenders who offer competitive rates and terms for chattel mortgages and commercial leases, ensuring clients can access a wide range of financing options.

Comparison of Loan Offers

Nexgen Lending will provide your business with a comprehensive comparison of loan offers from different Asset and Equipment Finance lenders. This allows you and your business to evaluate interest rates, repayment terms, fees, and other relevant factors to make a well-informed decision that aligns with your financial strategy.

Expert Guidance

Asset finance can be complex, with various legal and financial intricacies. Nexgen Lending's expertise can help your business navigate the lending complexities and ensure you are fully aware of the terms and conditions associated with your chosen financing option.

Customised Solutions

At Nexgen Lending, we understand that every business is unique. We provide personalised solutions that cater to each business's finance needs and financial circumstances, ensuring that the chosen asset finance option aligns with the business's objectives.