In today’s competitive marketplace, businesses across Africa and beyond are turning to asset finance to maintain liquidity, acquire essential equipment, and support expansion plans. Whether you’re in agriculture, logistics, construction, or retail, asset finance offers flexible, tailored solutions that help you access the tools you need without tying up large amounts of working capital.

At Wigmore Trading, we specialise in helping businesses secure the right asset finance solutions to match their operational needs and financial goals. From hire purchase agreements to operating leases, we make capital equipment accessible, affordable, and manageable.

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What is Asset Finance?

Asset finance is a type of funding that enables businesses to acquire or unlock the value of physical assets such as machinery, vehicles, technology, or equipment. Instead of paying for an asset upfront, companies spread the cost over time or release equity from existing assets to reinvest in the business.

Asset finance includes a range of options, each suited to different operational needs:

• Hire Purchase
• Refinance / Capital Release
• Finance Lease
• Operating Lease

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Hire Purchase: Own the Asset in Stages

A hire purchase agreement allows businesses to acquire an asset by paying in instalments over an agreed period. Ownership of the asset transfers to the business once the final payment is made.

Benefits of Hire Purchase:

• Ownership at the end of the term
• Fixed monthly payments for easier budgeting
• Potential tax advantages (capital allowances)
• No need for a large upfront capital outlay

Ideal for: Businesses looking to invest in essential assets such as trucks, agricultural equipment, or manufacturing machinery with a clear path to ownership.

Wigmore Trading can help you structure competitive hire purchase agreements that align with your cash flow and asset lifecycle.

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Refinance / Capital Release: Unlock the Value of Owned Assets

If your business already owns high-value equipment, refinance (or capital release) allows you to unlock equity tied up in those assets. This can be used for working capital, expansion, or to invest in other areas of the business.

Benefits of Refinance:

• Immediate injection of cash
• Keep using the asset while freeing up capital
• Flexible repayment terms

Ideal for: Businesses needing to boost liquidity without taking on new unsecured debt.

At Wigmore Trading, we work with trusted lenders to refinance commercial vehicles, plant machinery, and more—maximising your existing asset base.

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Finance Lease: Use Without Ownership

A finance lease allows you to rent an asset for a fixed period, with the cost spread over regular payments. At the end of the lease, you may have the option to extend, return, or sell the asset on the lender’s behalf.

Benefits of Finance Leasing:

• Off-balance-sheet financing
• Lower upfront costs than buying
• Suitable for short- to medium-term asset use

Ideal for: Businesses needing access to new equipment without the long-term commitment of ownership.

Wigmore Trading offers access to finance lease options across a wide range of assets including generators, logistics vehicles, and industrial equipment.

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Operating Lease: Pure Rental, Full Flexibility

An operating lease is a short- to medium-term rental agreement where the asset is returned to the lessor at the end of the lease term. This model is often used when assets have high obsolescence or for project-based use.

Benefits of Operating Leases:

• No risk of depreciation
• Costs treated as operational expenses
• Freedom to upgrade frequently

Ideal for: Businesses with short-term needs or rapidly evolving technology requirements.

Wigmore Trading partners with equipment suppliers and financiers to offer flexible operating lease arrangements that keep your business agile and modern.

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Why Choose Wigmore Trading for Asset Finance?

With deep expertise in trading, logistics, and business support services across Africa, Wigmore Trading is uniquely positioned to advise and assist companies seeking tailored asset finance solutions. We work with trusted financial institutions and suppliers to provide:

• Fast approvals and flexible terms
• Equipment sourcing and import facilitation
• Finance for both new and used assets
• Support across Nigeria, Ghana, Kenya, South Africa, and beyond

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Ready to Explore Your Asset Finance Options?

Whether you’re scaling operations, managing cash flow, or investing in long-term growth, Wigmore Trading can help you navigate the asset finance landscape with confidence.

👉 Contact us today to discuss your business needs and discover how we can support you with competitive finance packages.