Asset Finance

The tried and tested way to get the equipment you need without the big upfront costs.

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WHAT IS ASSET FINANCE?

Straightforward hire purchase or leasing, it lets you buy or lease new equipment without paying all the costs upfront.

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WHY PICK ASSET FINANCE?

It's a sensible way of accessing funds for the purchase or leasing of equipment, machinery or vehicles for your business.

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HOW DOES IT WORK?

We buy the equipment for you via a hire purchase or leasing agreement and you pay us back at a fixed rate over an agreed term.

Give me the facts

ELIGIBILITY Non-regulated business facility only
AMOUNT Min £5,000 (Ltd company) or £25,000 (non-limited). Max £500,000 for a single asset.
DURATION 12 months - 60 months
INTEREST RATE Competitively priced
FEES Set-up fee and option-to-purchase fees apply
APPLICATION PROCESS Online enquiry and call or meeting
SECURITY REQUIRED The asset being financed
SPEED OF DECISION Decision by next working day
TIMING OF CASH Funding within one working day
REPAYMENT Monthly by direct debit
PERSONAL SERVICE Dedicated relationship manager
BEST FOR... Buying a big new business asset

Request a quote from one of our experts

How it works

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GET A QUOTE

Complete the form above to receive a quote or call us on 0800 121 7757.

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PROVIDE YOUR DETAILS

So we can tailor the facility to best suit you.

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FINALISE KEY DOCUMENTATION

You send us the details of the asset you want to borrow against.

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SIGN YOUR AGREEMENT

Payment will be made next working day upon receipt of signed documentation.

Your questions answered

Asset Finance

Who is Asset Finance for?

Asset Finance is for both limited and non-limited companies who want to invest in assets such as equipment, machinery or vehicles without needing to pay for them up front.

How much will it cost me?

You will pay a fixed interest rate which will be outlined in your agreement and is dependent on a variety of factors including the amount borrowed and the duration of the repayments. The monthly cost of these repayments will then remain the same.

Do I own the assets that I buy?

Although you get exclusive use of the assets you’ve bought, they still remain the property of Ultimate Finance. If you have a hire purchase we will give you the option to buy the assets outright, at the end of your agreement, for a small fee. If you have a lease agreement you can continue to hire the equipment or we can arrange a sale.

How can Asset Finance help with my cashflow?

Purchasing businesses assets can result in large up front cost but Asset Finance allows you to spread out the cost with fixed repayments so you'll know exactly how much money you’ll be paying each month.

How does your refinancing facility work?

Refinancing gives you the chance to release the capital tied up in your existing equipment. For more detailed information, please get in touch and one of our team will be happy to help.

Why is there a maximum value of £500,000 for a single asset purchase?

In our experience of this sector, single purchases in excess of this amount are uncommon. However, some specialist equipment may cost more and should this be the case please get in touch to see how we can help.

Want to speak to someone?

We’re always here to support you and your business in a way that best suits you.

Contact Us

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