Asset Finance Part I

MODULE PR1.1
Principles of Asset Finance Part I

Tutor: Alick C Mulhall, FINANCE INDUSTRY TRAINING
Dates: 20 January & 21 April 2009

Topics

Finance products, the market and legal environment
Non-tax-based asset finance products

• credit sale
• hire purchase
• conditional sale

The derivatives

• lease purchase
• contract purchase

Tax-based asset finance products: leasing

• definition
• the attractions and benefits of leasing

The market place

How the asset finance market divides
The supply chain – how leasing interacts
The roles of:

• finance providers
• brokers

Types of customers
The regulatory environment

The Consumer Credit Act 1974 (as amended by the Consumer Credit Act 2006)

• definitions of consumer credit and consumer hire agreements
• regulated and unregulated agreements
• exemptions for small business and high net worth individuals
• unfair relationships
• HP Flat rates and how interest is charged
• HP - “half” and “third” rules

The Sale of Goods and Services Act(s)