Finance solutions
Asset Finance
Spread the cost of the equipment your business relies on, from vans and HGVs to machinery, plant and technology, instead of paying for it all up front.
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Often suits
- Businesses buying new or used equipment
- Companies that want to protect cash reserves
- Firms with valuable equipment they already own (refinance)
Typically used for
- Commercial vehicles, trucks and trailers
- Plant, machinery and production lines
- IT, telecoms and specialist equipment
- Releasing cash from assets you already own
Asset finance lets you get the equipment you need now and pay for it over time. Because the lender’s security is the asset itself, it can be easier to arrange than other types of borrowing.
Common types of asset finance
- Hire purchase: pay in instalments and own the asset at the end.
- Finance lease: use the asset for an agreed term without owning it.
- Operating lease: shorter-term use, often including maintenance.
- Asset refinance: release cash from equipment you already own.
Why businesses use it
Spreading the cost keeps cash available for running the business, and repayments can be matched to the working life of the asset. We will help you understand the options and costs so you can decide what suits you, and your accountant can advise on the tax treatment.
Questions about asset finance
What is the difference between hire purchase and leasing?
With hire purchase, you pay for the asset over time and own it at the end. With leasing, you rent the asset for an agreed period and usually hand it back or renew. Each has different accounting and tax treatment, so check with your accountant.
Can I finance used equipment?
Many lenders will finance used equipment, depending on its age, condition and value.
What is asset refinance?
Asset refinance releases cash from equipment you already own by using it as security for new funding.
This page gives general information, not financial advice. Finance is subject to status and each lender's criteria. Bridgemead Finance is a broker, not a lender.
Other finance options
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