Business Finance
Compare UK asset finance options for vehicles, machinery, equipment and technology. Choose whether you want to own, lease or refinance an asset, then compare product types, finance amounts, terms, payment structures and specialist asset support.
Finance business assets
Spread the cost of eligible vehicles, machinery and equipment.
Compare the full agreement
Review deposit, term, fees, ownership and total cost.
Asset & business assessed
Eligibility depends on the business, asset and provider criteria.
Suitability
Use this as a starting point — not a guarantee of eligibility or suitability.
Fees & charges
Pricing usually depends on the product, asset, term, deposit, business profile and structure. Compare total payable — not one headline figure.
Pricing usually depends on the product, asset, term, deposit or initial rental, business profile and agreement structure.
Some hire-purchase routes publish fixed and/or variable rate options. Only verified availability is shown on cards.
A balloon can lower regular payments but leaves a larger amount due later. Compare total payable, not just the monthly figure.
Arrangement or product fees may apply. Compare total expected cost — WiT Money does not invent commercial APR figures.
WiT Money does not invent commercial APR figures when providers do not publish them for the exact product.
Asset finance calculator
Illustrative estimate using your own asset price, deposit, term, rate and balloon assumptions.
Illustrative only — not a lender quote. VAT, tax treatment and fees may differ.
Monthly payment amortises the financed amount after subtracting any balloon over the term. The balloon is shown separately and added back into total payable with the deposit.
Illustrative results
Illustrative only — not a lender quote. VAT, tax treatment and fees may differ. Actual repayments depend on provider pricing, deposit, term, balloon and underwriting.
Used assets
Some providers finance used assets, but eligibility can depend on the asset's age, condition, expected useful life and residual value.
Older assets may face tighter terms.
Asset condition may be assessed.
Finance term may need to fit expected remaining life.
Expected value at the end of the agreement can matter.
Accepted asset types also vary — vehicles, plant, technology and specialist equipment are common where providers accept them.
End of agreement
Check ownership, return, mileage, condition and final-payment obligations before signing.
Ownership normally transfers after contractual payments and any applicable final / option fee.
End-of-term options depend on the agreement and do not normally mean automatic ownership.
The asset is usually returned, renewed or replaced under the agreement terms.
Some structures may include a larger final payment.
Maintenance may be included, optional or separate. Vehicle leases may include mileage and return-condition rules. Residual value can affect certain lease structures.
Eligibility
Asset finance eligibility depends on the business, asset and product structure. Only verified criteria are shown.
Meeting typical eligibility criteria does not guarantee approval.
Personal liability
Some providers may require directors or business owners to provide a personal guarantee depending on the business, asset and agreement.
A personal guarantee can create personal liability if the business cannot meet its obligations. Check the scope and limits carefully.
Compare finance
Neither option is universally better — compare structure, security and total cost.
| Aspect | Asset finance | Business loan |
|---|---|---|
| Funding tied to | Funding linked to a specific asset | General-purpose borrowing |
| Security | Asset usually central to the finance | May be secured or unsecured |
| Ownership | Ownership depends on product | Business usually buys the asset directly |
| Term | Agreed finance term for the asset | Repayment under loan terms |
| Deposit | Deposit / initial rental may apply | Not typically structured as an asset deposit |
| Use | Designed for vehicles, machinery and equipment | Can be used for broader business expenditure |
| Repayment | Contractual payments under the asset-finance agreement | Fixed or variable loan repayments |
| Flexibility | Funding tied to a specific asset and structure | May offer more flexibility for mixed purposes |
Tax & accounting
Hire purchase, leasing and other asset-finance structures can receive different tax and accounting treatment depending on the asset, agreement, business and accounting method.
This is general information, not tax or accounting advice. Consider speaking to an accountant. HMRC capital allowances guidance.
Before you apply
Check structure, total payable and end-of-agreement obligations — not upfront payment alone.
Regulation
Regulatory treatment can depend on the provider, borrower and asset-finance agreement. Not all commercial asset finance falls within the same FCA regulatory framework.
Where relevant, check the firm and applicable permissions on the FCA Register. FCA Register.
Our methodology
Comparisons consider published product information where available — commercial relationships do not determine factual guidance.
FAQs
Quick answers before comparing providers or applying.
Reference links only — these organisations do not endorse WIT Money.
Found an outdated finance amount, deposit, asset rule or product term?
Email contact@witfinancegroup.com. We review reported inaccuracies and update verified information promptly.
Review product structure, deposit, term, ownership outcome and total cost carefully — then explore related business finance options.