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Asset finance

Asset finance for machinery, vehicles and equipment

Spread the cost of the equipment your business needs, so it pays for itself while you use it. We arrange hire purchase, leasing and asset refinance for new and used assets.

See what we arrange
Manufacturing business owner standing beside new CNC machinery in his workshop
What we arrange

Ways to fund the equipment you need

The best option depends on whether you want to own the asset and how you want to treat it for tax.

Hire purchase

Spread the cost and own the asset when the final payment is made.

Finance lease

Use the asset for a fixed rental without the upfront cost of buying it.

Vehicle and fleet finance

Vans, HGVs, cars and specialist vehicles for business use.

Plant and machinery

Production lines, CNC machines, construction plant and agricultural equipment.

Asset refinance

Release cash from equipment you already own outright.

Technology and fit-out

IT, medical and catering equipment, and shop or clinic fit-outs.

At a glance

Typical asset finance terms

Asset finance is usually secured on the asset itself, which keeps it accessible.

Amount£10,000 to £5 million+
Term1 to 7 years, matched to the asset's working life
DepositOften 0% to 20% depending on the asset
AssetsNew and used, from dealers or private sellers
SecurityUsually the asset itself

Indicative ranges across the lenders we work with. Actual terms depend on the lender, your business, the security offered and status. Finance is subject to lender approval.

Who it's for

  • Manufacturers and engineering firms
  • Transport, logistics and construction businesses
  • Clinics, salons and hospitality businesses fitting out premises
  • Any business replacing or adding equipment

What lenders will usually ask for

  • Quote or invoice for the asset
  • Last filed accounts or recent bank statements
  • Details of existing finance agreements
  • Director identification
How it works

From first call to funds in your account

  1. Tell us what you need

    A short enquiry or call about the amount, the purpose and your business.

  2. We build your case

    We prepare the figures, security and story in the format lenders expect.

  3. We approach lenders

    We go to the lenders whose appetite fits your deal and negotiate terms.

  4. We see it through

    We manage valuations, solicitors and conditions until funds are released.

Questions

Asset finance FAQs

What is the difference between hire purchase and leasing?

With hire purchase you own the asset after the final payment. With a lease you rent the asset for an agreed period and do not normally take ownership.

Can I finance used equipment?

Yes. Many lenders fund used assets, including private sales, subject to the asset's age and condition.

Does asset finance need a deposit?

Some deals need no deposit. For others a deposit of 10% to 20% is common, and the VAT may be paid upfront or financed separately.

Related finance

Other ways we can help

Commercial finance

Business loans, revolving credit and invoice finance.

Find out more

Trade finance

Letters of credit, import loans and stock finance.

Find out more

Commercial mortgages

Owner-occupied and investment property finance.

Find out more

Need new equipment? Let's get it funded.

Two minutes to enquire. A broker replies within one working day.