Asset finance
Spread the cost of equipment, vehicles and machinery over its working life.
- How much
- £5,000 – £2,000,000 per asset
- Typical terms
- 12 – 84 months
- How fast
- Timings depend on the lender, the amount and the checks needed. We'll give you a realistic timeline.
Indicative only. Subject to lender assessment and approval. How we're paid: our service is free to your business; we receive a commission or finder's fee for arranging finance. Broker Terms
Asset finance calculator
Monthly payment
£1,366.99
- Deposit
- £6,000
- Amount financed
- £54,000
- Total cost
- £71,615
- Total interest
- £11,615
Illustrative rate 9.9% APR. Hire purchase means you own the asset after the last payment, and VAT is usually paid upfront. With a lease you rent the asset and VAT is added to each payment.
Illustrative only. Indicative only. Subject to lender assessment and approval.
What it is
Hire purchase and lease agreements that let you use an asset while paying for it monthly.
The asset itself usually acts as the security, which can widen what is available to you.
Refinancing existing owned assets can also release cash back into the business.
Who it suits
- Limited companies buying vehicles, plant, machinery, IT or fit-out equipment.
- Businesses that want to protect working capital instead of paying up front.
- Companies with valuable owned assets that could be refinanced.
What you need
To get started
- An active limited company and a supplier quote or invoice for the asset
- Recent bank statements and filed accounts where available
- Details of any deposit you can contribute
Pros
- Payments matched to the useful life of the asset
- The asset provides the security, so less reliance on other collateral
- Options to own at the end or hand the asset back
Watch-outs
- You may not own the asset until the final payment
- Deposits are often required for younger companies
- Specialist or soft assets can be harder to place
FAQ
Asset finance, explained.
Check your asset finance options in minutes.
Start with your company name. No credit check, no obligation, and a named relationship manager if you want to talk it through.
UK limited companies and LLPs. Indicative only. Subject to lender assessment and approval.