What Is Asset Finance?
Asset finance allows businesses to acquire vehicles, machinery, equipment and technology without paying the full purchase price upfront. Instead, the cost is spread over a fixed term with regular monthly payments — preserving working capital while still gaining access to the assets you need.
What Can It Be Used For?
- Commercial vehicles and HGVs
- Plant and machinery
- Manufacturing equipment
- IT hardware and technology
- Agricultural equipment
- Fit-out and office equipment
How Much Can I Borrow?
Asset finance facilities typically range from £5,000 to £500,000+ depending on the asset value, type and your business profile.
Types Of Asset Finance
- Hire Purchase (HP) — you pay in instalments and own the asset outright at the end of the term
- Finance Lease — you use the asset over the term and return or re-finance it at the end
- Operating Lease — lower monthly costs; the lender retains ownership throughout
- Refinance — release equity from assets you already own to generate working capital
What Are The Interest Rates?
Rates start from 6.9% per annum and depend on asset type, age, term length and your business financials. Secured against the asset itself, rates are often competitive compared to unsecured lending.
Asset finance is secured against the asset being financed. If you do not maintain repayments, the lender may repossess the asset.
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