Asset Finance

Asset Finance enables your business to re-finance your existing assets or rent equipment or vehicles with the option to purchase allowing you to spread the cost of repayment over a period of time.

GET QUOTE

Prefer to talk? Call us on
0800 133 7042

What is Asset Finance?

Asset Finance enables your business to re-finance your existing assets or rent equipment or vehicles with the option to purchase allowing you to spread the cost of repayment over a period of time. This is the perfect finance solution for your financial growth.

We understand that it is essential for you to remain current with the latest developments, new techniques and methods, investing in new equipment or software solutions, new techniques and practices that will keep you ahead of your competition – Although new technologies and innovations come at a cost, the investment may be more affordable than you think.

Covering most plant & machinery, Commercial vehicles, IT and business equipment and Vehicle finance, there isn’t an area of business that we don’t cover. Some common business sectors include Construction, Manufacturing, Agriculture, Engineering, Printing, Transport logistics and Waste Management.

There are various asset finance products available including Hire Purchase, Sale and HP Back, Refinancing, Lease Finance and Operating Lease products. Apply today for a free no obligation quote and see how an asset finance solution can help your business grow.

The Benefits

The benefits of Asset Finance:

  • Release capital locked in assets
  • You get access to the latest equipment
  • Can be obtained quickly
  • Flexible funding to suit your business needs
  • Clear budget management

Types of Asset Finance

You can choose to release capital in existing assets or fund new assets and equipment. Here are some of the main types of asset finance:

Refinancing

Refinancing lets you release the capital locked in your own business assets. The amount you can borrow will depend on the value of the asset you want to finance.

Hire Purchase (HP)

Hire Purchase (HP) allows you to buy new business equipment on credit. You will pay monthly instalments for using the asset but you will own it once the term has been settled.

Lease Finance

Lease Finance allows you to access new equipment by renting it for a contracted term. You will pay rent for using the asset but will never own it.

Operating Lease

Operating Lease is very similar to Lease finance and is more suitable for short term use. The rent can be lower due to the difference between original purchase cost and residual value at the end of the agreement – payments do not cover the full amount of the asset.

Do I Qualify?

To qualify for a asset finance, your business must:

  • Achieve sales in excess of £100,000
  • Require the finance for business use
  • Be a UK Limited Company (Not available to sole traders)

If you don’t meet this criteria, don’t worry! We have a wide range of other business finance options available for you.

Get your free quote

Fleximize logo
Boost capital logo
liberis logo
ldf logo
bibby financial services logo
365 business finance logo