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Spread the cost of equipment, vehicles and machinery, with the asset itself usually the security. Hire purchase, leasing and refinancing.
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 once the final payment and any option-to-purchase fee are paid. A finance lease lets you use the asset while the lender owns it. Refinancing releases cash from assets you already own.
Sourced from each provider’s own website, with the link and the date on every card.
Products: Asset finance for vehicles, equipment and machinery, with the option to own the asset at the end (provided with partner Propel)
Products: Hire purchase, finance lease, contract hire, sale and hire purchase back
Products: Hire purchase, finance lease, residual value lease, sale and leaseback, refinance
Products: Hire purchase, leasing, refinance
Source: bibbyfinancialservices.comchecked 2026-11-01
Products: Leasing, hire purchase, refinance
Products: Hire purchase, finance lease, refinance
Source: novuna.co.ukchecked 2026-11-01
Products: Hire purchase, leasing
Products: Hire purchase, finance lease, operating lease, refinance
Products: Hire purchase, finance lease, refinance
Products: Asset finance for new equipment, refinance of existing assets
10 providers, each read on its own website on the date shown. None of them publishes a headline rate; every one prices per business. “Not published” and “Priced per quote” mean exactly that: the provider does not state the figure, so we do not estimate one.
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Price, deposit, balloon, rate and term: see the monthly payment and the total cost of the asset. Illustrative, free, and nothing is collected.
Businesses that need an asset that holds its value and earns its keep: vans, plant, production equipment. It preserves cash and is often easier to obtain than an unsecured loan, including for younger businesses.
With hire purchase you own the asset at the end once all payments are made. With a lease the finance company owns it and you pay to use it; at the end you may return it, extend the lease or sell it on the owner's behalf, depending on the lease.
Convention in the industry. A flat rate charges interest on the original amount for the whole term, so it understates the true cost compared with an APR. Always compare APR or total payable.
Often more easily than a loan, because the asset secures the deal, though each lender sets its own minimum trading period. Where a lender publishes one, it is in the table.
