Northquest offers two types of asset leasing solutions to help you acquire core depreciable assets for your business. These include:
Rental Agreements
With a Rental Agreement, we purchase the asset or technology on your behalf and you rent it back from us paying a fixed monthly cost. At the end of the agreement, you can either continue to rent, upgrade, purchase or return the asset.
Benefits of an Asset Rental Agreement include:
- No upfront capital required
- Preserve credit lines and working capital
- Flexible contract terms from 12-84 months
- Fixed monthly repayments
- The ability to bundle multiple assets
- Eliminate the risk and complexity associated with owning assets
- Flexibility to upgrade to the latest equipment or technology as required
- Enjoy immediate cost savings and productivity gains
Chattel Mortgages
A Chattel Mortgage enables you to take ownership of the asset at the time of purchase. After advancing you the funds to make the purchase, we then take a mortgage over the asset as security for the loan by registering a fixed charge. Once the contract is completed, the charge is removed, giving you clear title to the asset.
Benefits of a Chattel Mortgage include:
- No upfront capital required
- Preserve credit lines and working capital
- Flexible contract terms from 12-84 months
- Fixed monthly repayments
- The ability to bundle multiple assets
- Minimise risk and complexity
- Enjoy immediate cost savings and productivity gains
Asset Classes
Northquest’s Rental Agreement and Chattel Mortgage products cover a wide range of asset classes across many different industries as follows:
Asset classes covered
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Industry sectors
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