All types of financing offer different advantages and
it is important that you assess your circumstances and needs
before committing to a specific finance contract.
For example, if you:
Want to own the asset straight away, an outright purchase
(cash or loan/overdraft) might be appropriate;
May want to own the asset at some point in time and want
to take advantage of instalment payments, hire purchase
might be the best option;
Do not want to own the asset at all but require it for
most of its useful life, consider a financial lease; and
Require the asset for a period of time significantly
shorter than the useful life of it, consider an operating
lease.
