What types of assets can I finance?

Most business assets can be financed, including commercial vehicles, machinery, IT equipment, agricultural equipment, medical equipment and office furniture. Your broker will confirm what lenders will consider for your asset.

What is the difference between hire purchase and a finance lease?

With hire purchase you own the asset outright after all payments. With a finance lease the lender retains ownership but you have use of the asset for the agreed term with options at the end.

Are there tax advantages to asset finance?

Some types of asset finance may have tax advantages, depending on how they're structured and your company's circumstances. Speak to your accountant before deciding.

How much deposit is required?

It depends on the lender, the asset and your company's circumstances. Some products need little or no deposit. Your broker will explain what each lender requires.

Can I finance used equipment?

Yes. Many lenders will finance used equipment and vehicles as well as new. The terms on offer can depend on the asset's age, condition and value, and your broker will explain what lenders will consider.

Who is this service for?

UK limited companies, LLPs and PLCs only. It isn't available to sole traders, partnerships or individuals.

Asset Finance for UK Limited Companies

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What?

What is asset finance?

Asset finance lets your company get equipment, machinery, vehicles and technology without paying the full cost upfront. Instead, you spread the cost through regular payments over an agreed term, which helps protect your working capital.

Why?

Why use a commercial finance broker?

Asset finance providers differ in their rates, deposit requirements and end-of-term options. Compare Commercial doesn't compare providers or give advice. We pass your enquiry to one FCA-authorised commercial finance broker, who can explain the options, such as hire purchase or leasing, and look for a structure that suits your company.

How?

How to get matched with an asset finance broker

Fill in the short form

Tell us your company name, how much you need to borrow and what it's for, then add your contact details. It only takes a couple of minutes.

We pass on your details

We don't compare lenders or give advice. We simply pass your details to one FCA-authorised commercial finance broker, who will call you as soon as possible during business hours.

Talk through your options

The broker will talk you through your company's options. From here you deal with the broker directly, and there's no obligation to go ahead.

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Frequently asked questions

Asset Finance FAQs

Common questions about asset finance, hire purchase and leasing for UK limited companies.

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