Determining which asset finance product is suitable

By asking questions about the asset and how the customer intends to use it, we can arrive at a decision as to whether an asset finance product is suitable and, if so, which one. Other financial questions can be asked to understand the financial consequences of any finance decision.

This guidance note compares:

• • operating leases;
• • finance leases;
• • hire-purchase agreements; and
• • chattel mortgages.

See Determining which asset finance product is suitable.