Asset finance

Spread the cost of equipment, vehicles and machinery, with the asset itself usually the security. Hire purchase, leasing and refinancing.

Comparison table in progress. We publish a table only once every figure in it is sourced to the lender. Until then, here is what this finance is and what to weigh. For a live sourced comparison now, see business loans.

How it works

You spread the cost of an asset (a vehicle, machinery, equipment) over its useful life, and the asset itself is usually the security, so you rarely need other collateral. Hire purchase ends with you owning the asset; leasing keeps it with the lender; refinancing releases cash from assets you already own.

What to compare

The flat rate versus the APR, the deposit, the balloon payment at the end, and who is responsible for maintenance. We are verifying each lender’s published figures before publishing a table.