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Answer a few questions for us to understand your business' needs
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We will advise which options could be suitable for your business
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We'll present any offers available for your business. You choose the one that best suits your business.
Asset finance is a type of business funding that allows companies to acquire essential equipment, machinery, or vehicles without paying the full cost upfront. Instead, you pay regular instalments over an agreed term, spreading the cost of the asset while preserving cash flow.
This form of finance is commonly used by SMEs and larger corporations to invest in growth, upgrade ageing assets, or expand operations without tying up working capital.
Select the equipment, machinery, or vehicle you need.
Compare providers to find the most competitive rates and terms.
Choose the finance type and term length (typically 1 to 7 years).
Make regular repayments based on the agreement.
Depending on the type of finance, you may own the asset, return it, or extend the lease.
At Compare Asset Finance, we make it easy to compare a full range of asset finance options from top UK lenders.
Whether you're looking for hire purchase agreements, finance leases, equipment loans, vehicle finance, machinery funding, or any other type of asset finance, our specialised partners, expert business finance brokers, help you find the best deal for your business, saving you time, money, and hassle.
Quick online quotes
Transparent fees and terms
Wide range of finance providers
No-obligation comparisons
Many benefits:
Before entering into an asset finance agreement, it’s important to understand a few key considerations. Most lenders will conduct a credit check to assess your business's financial standing, so having a strong credit profile can help secure better rates. The issue of asset depreciation should also be kept in mind — depending on the type of finance chosen, you may or may not be responsible for the declining value of the asset over time.
Tax implications can vary between finance options. For example, certain types of leasing may allow you to reclaim VAT or deduct payments as business expenses, but this depends on your agreement and should be discussed with a qualified accountant. Additionally, always read the small print regarding early repayment — some lenders impose penalties or restrictions for settling the balance ahead of schedule.
Finally, it's crucial to understand what happens at the end of your finance term. In some cases, you may take ownership of the asset; in others, you may need to return it or negotiate a new agreement. Clarity on these terms will help you make an informed choice that suits your business’s goals.
It’s possible, though rates may be higher. Some lenders specialise in bad credit finance.
This depends on the lender and asset value. Some agreements offer 100% finance, while others may require a deposit.
It depends on your goals. Leasing offers flexibility and lower upfront costs, while hire purchase allows for ownership.
Common examples include vehicles, construction machinery, IT equipment, manufacturing tools, and medical devices.
Some lenders offer approval within 24–48 hours, especially for lower-value assets.
