Asset Finance

Whether you're a small-to-medium sized business, a Farmer or a large Company, AIB can offer an Asset Finance package to suit your needs. The following finance packages have been developed with you, our Business customers, in mind. These consist of a range of practical and tax-efficient ways in which our business customers can get the finance that best suits their needs.

• Equipment Finance - available for a wide range of purposes including, industrial, printing, computers, textile machinery, communications, office, medical/dental, woodworking, shop fitting, catering and farm/fishing/forestry.
• Plant Finance - available for cranes, earthmoving and quarrying machinery, warehouse or construction plant.
• Heavy Goods Vehicle Finance - available for articulated, rigid and tipper trucks, trailers, container units, coaches & buses.
• Vehicle Finance - flexible Finance & Leasing options available for New & Used Cars and Vans, including new category B commercial vehicles, 4x4 vehicles and pick up trucks.

Business Finance Made Easy

• A wide choice of finance options - whether you prefer Leasing or Business Purchase Plan (Hire Purchase)finance, we can develop the most appropriate finance package for your business
• Finance is available over a three, four or five year period - you choose the term that suits you best.
• Repayment options can be structured to take into account any seasonal changes in your business cashflow.
• Our credit decisions are made quickly with minimal paperwork.
• Payment Protection - you have the option of availing of our payment protection to cover your repayments in the event of accident, sickness, serious illness, loss of life, unemployment or business failure (subject to Terms and Conditions). For more information please refer to the "Payment Protection Plan - safeguarding your commitments" brochure available at your local AIB branch.
• As a cash buyer you can negotiate a better deal. By organising your finance in advance with AIB you are then in a stronger negotiating position to evaluate and purchase the asset(s) required by your business.
• We build a strong financial relationship with your business and promise to deliver the highest professional and ethical standards in our dealings with you.

Choose the Finance Option that's right for you.

Business Purchase Plan (Hire Purchase)

This allows you to borrow money over a fixed period of up to 5 years. The asset becomes your property when you have paid the final instalment due under the agreement. The interest rate for a hire purchase agreement is normally fixed for the term of the agreement.

Features:

• Fixed rate of interest for the full term makes it easier to manage your cashflow.
• VAT may be reclaimed on the purchase price if you are VAT registered.*
• Capital allowance costs may also be claimed.*
• Interest charges may be offset against taxable profits.*
• If financing Equipment, Plant, Agri, or a Heavy or Light commercial vehicle, it is shown as an asset on your balance sheet.

Business Lease Plan

The asset is leased to you at a fixed monthly rental for a fixed term. The finance provider owns the asset and charges you for its use.

Features:

• Up to 100% finance available.
• Initial capital outlay is minimised.
• Rental payment fixed for the full term.
• Leasing rentals may qualify for tax deductions*.

* Customers are advised that they should seek independent tax advice when considering this product.

Flexible finance for all your business needs

We also have two short term finance products, Insurance Premium Finance and Prompt Pay (EG. for Business Preliminary Tax, Pension Contributions, Commercial Property rates) which enable you to spread the cost of any large annual payments up to a period of 12 months, therefore improving your business cash flow.

AIB's finance packages are designed to support you in maximising the potential of your business.

For Asset Finance, AIB is the right choice

Contact your AIB Finance & Leasing Representative who will arrange your Asset Business finance,

Drop into any AIB Branch

Call 1890 47 88 33, Lines open 8am - 9pm Monday to Friday and 9am - 6pm Saturday

Important Regulatory Notice

Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. A Documentation Fee of EUR63.49 applies to Loan and Hire Purchase. For Leasing, this Documentation fee also applies and is subject to V.A.T. at the applicable rate. This fee will be charged with the first repayment. In the case of Hire Purchase, there is a purchase fee of EUR12.70 payable on completion. Allied Irish Banks, p.l.c. and AIB Insurance Services Ltd. are regulated by the Financial Regulator.

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