The Bank of England’s recent decision to cut the base rate to 4.25% brings notable advantages for asset finance clients. This reduction lowers borrowing costs, making it more affordable for businesses to invest in essential equipment and vehicles. For clients with variable-rate hire purchase or finance lease agreements, the decrease translates to immediate savings on interest payments.
This is especially beneficial for SMEs looking to invest in their growth without straining cash flow. In a competitive market, taking advantage of reduced finance costs can give your business the edge.
To find out how we can support your business with tailored asset finance solutions, contact us today
