Expert Guide

Asset Finance: The Complete Guide

May 28, 2025 Money Pilot Team

Asset finance allows businesses to purchase high-value assets (plant, machinery, vehicles, IT equipment) without paying the full cost upfront. The lender purchases the asset, and the business pays a monthly fee to use/own it.

Types of Asset Finance

  • Hire Purchase: You pay instalments and own the asset at the end.
  • Finance Lease: You rent the asset for most of its useful life; usually never own it.
  • Equipment Lease: Flexible leasing with options to upgrade equipment.
  • Asset Refinance: Release cash tied up in assets you already own.

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