Fund new assets, or release the capital in yours.

Asset finance keeps the cost of equipment in step with the work it does, instead of paying for years of use out of a single quarter’s cash. It runs in both directions: funding the next machine, or releasing money from the ones already on site.

Most asset finance pays for something new. Hire purchase spreads the cost of a vehicle, machine or production line over its working life and the asset is yours at the end; a lease keeps it off the balance sheet and treats the rentals as an operating cost. Either way the asset is its own security, so the facility sits outside your bank lines and leaves them free for the business.

Refinance works the other way round: it raises a lump sum against equipment you own outright or have nearly paid off. The lender takes security over the asset, you keep using it, and ownership passes back in full once the agreement is repaid. It is a common way to fund growth, consolidate more expensive borrowing or ease cash flow without touching the property.

Pricing reflects the asset class and your credit profile. New commercial vehicles and plant with a strong credit history attract the keenest rates; used, specialist or soft assets, and start-up or adverse cases, carry a loading. Green assets such as electric vehicles and renewables attract a discount with several lenders. Terms typically run from one to seven years.