What are the different types of asset finance?

There are several types of asset finance available, including:

• Chattel mortgage: A loan secured against a specific asset.
• Hire purchase: A type of agreement where the business hires the asset with the option to purchase it at the end of the term.
• Lease: A rental agreement where the business can use the asset for a fixed period.
• Sale and leaseback: A transaction where a business sells an asset to a lender and then leases it back.

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