Asset Finance

Acquire The Equipment Your Business Needs Without Depleting Your Working Capital

Asset Finance helps businesses acquire essential equipment, machinery, and vehicles through flexible leasing and hire purchase agreements. Whether you need commercial vehicles, production machinery, or technology infrastructure, asset finance allows you to spread the cost while maintaining operational efficiency.

Types Of Asset Finance

Equipment Leasing

Spread the cost of equipment over time with fixed monthly payments, preserving cash flow for other business needs. Ideal for machinery, computers, and office equipment.

Hire Purchase

Own the asset outright once you've made all payments. A straightforward way to acquire equipment while spreading the cost over an agreed term.

Commercial Vehicle Finance

Finance fleets of vans, trucks, and company cars through tailored agreements that match your business cash flow patterns.

Common Use Cases

Equipment Upgrades

Invest in modern machinery and technology to improve efficiency and reduce operational costs.

Fleet Expansion

Acquire commercial vehicles to support business growth without significant upfront capital expenditure.

Technology Infrastructure

Finance computer systems, servers, and software to keep your business competitive.

Production Machinery

Purchase or lease manufacturing equipment to increase capacity and meet growing demand.

Medical Equipment

Acquire diagnostic and treatment equipment for healthcare practices with manageable payments.

Frequently Asked Questions

What types of assets can be financed?

A wide variety of assets can be financed including commercial vehicles, plant and machinery, medical equipment, office furniture, technology hardware, and manufacturing equipment. Most tangible business assets with identifiable value can be considered for finance.

How long are typical finance terms?

Finance terms typically range from 1 to 7 years depending on the asset type and the finance structure chosen. Equipment leasing agreements commonly run for 3-5 years, while hire purchase arrangements may extend to 7 years for larger items. Your broker will match the term to the expected life of the asset.

Do I need to provide a deposit?

Most asset finance arrangements do require some form of deposit or advance payment, typically ranging from 10-20% of the asset value. The exact amount depends on the asset type, loan size, and your business credit profile. Some specialist lenders may offer zero-deposit options for strong applicants.

What happens at the end of the lease?

At the end of a lease term, you typically have options to return the equipment, upgrade to newer equipment, or in some cases purchase the asset at fair market value. Hire purchase agreements result in automatic ownership once all payments are made. Your finance agreement will specify the exact options available.

Is insurance required on the asset?

Yes, insurance is required on financed assets to protect both the lender's and borrower's interests. Comprehensive insurance covering damage, theft, and liability is typically mandatory. The finance company will be noted as loss payee on the policy, and you must maintain coverage throughout the finance term.

Can I finance second-hand equipment?

Yes, second-hand equipment can be financed, though lenders may have age limits on acceptable assets. Typically, equipment should be no more than 10-15 years old depending on the asset type. The finance amount is based on the current market value of the used equipment, not the original purchase price.

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Speak to our team about your funding requirements and let us find the right solution for your business.

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