Generally, asset finance providers will consider a wide range of high-value items – both for purchase and leasing or borrowing against.
However, these assets must meet the DIMS criteria. That is to say that the assets in question are:
• Durable
• Identifiable
• Moveable
• Saleable
This can include vehicles, plant, machinery, IT hardware and software, printers, LED lighting, etc. Even livestock can be purchased on asset finance!
As a rule of thumb, asset finance becomes better value if the asset is over £10,000, but lower value assets can also be financed on asset finance.