Skip to content

Asset finance

Asset finance spreads the cost of vehicles, machinery and equipment over its working life through hire purchase or leasing, with the asset itself securing the agreement so your cash stays in the business.

Put the equipment to work before it's paid for

Apply for asset financeSpeak to our team
Check your eligibilityStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your finance manager.

£10K£1M
How long have you been trading?
What's your average monthly turnover?

Total money coming into your business account in a typical month.

What type of business is it?
Where should we reach you?

We'll use this only for your application.

Asset finance at a glance
Amount£10,000 – £1,000,000 per asset or package
TermUp to 60 months, matched to the asset's working life
SpeedDecision within 24 hours
PaymentsFixed monthly payments, with or without a deposit
Best forVans, plant, machinery, kitchens, medical and technology equipment

What businesses use it for

  • Vans and commercial vehicles
  • Excavators, telehandlers and plant
  • CNC machines and production lines
  • Commercial kitchens and refrigeration
  • Dental chairs, imaging and clinical equipment
  • Servers, EPOS systems and IT hardware

How does asset finance work?

  1. 1

    Send us the supplier's quote, new or used, and tell us whether you want to own the asset at the end or simply use it.

  2. 2

    We confirm the asset's value and recommend hire purchase or leasing, with a term matched to how long the asset will earn for you.

  3. 3

    Once you sign, we pay the supplier directly and the asset is delivered to you.

  4. 4

    Make fixed monthly payments. With hire purchase, ownership passes to you after the final payment; with leasing, you can return, extend or upgrade.

Why choose Rook Bristol for asset finance?

Keep working capital free

Spread the cost rather than paying up front, so cash stays available for payroll, stock and the unexpected.

The asset secures the finance

Because the agreement is secured on the equipment, it can be easier to arrange than unsecured borrowing.

Own it or lease it

Hire purchase leads to ownership. Leasing keeps payments lower and makes upgrades simple. Your team explains the trade-offs.

Possible tax advantages

Depending on the structure, you may be able to claim capital allowances or treat lease rentals as a business expense. Check the detail with your accountant.

Asset finance by industry

Related funding

Asset finance questions

Something else on your mind? Ask the team.

What is asset finance?
Asset finance is a way to acquire business equipment and spread the cost over time. The two main types are hire purchase, where you own the asset at the end, and leasing, where you rent it for an agreed period.
What's the difference between hire purchase and leasing?
With hire purchase you pay in instalments and ownership transfers to you after the final payment, usually with a small option-to-purchase fee. With leasing the finance provider owns the asset and you pay to use it, with options to return, extend or upgrade at the end.
Do I need a deposit?
Not always. Depending on your business and the asset, we may be able to finance the full cost. A deposit can reduce your monthly payments.
Can I finance used equipment?
Yes. We finance new and used assets from dealers, manufacturers and private sellers, subject to valuation.
How is VAT handled?
On hire purchase, VAT is usually payable up front with the deposit, and VAT-registered businesses can normally reclaim it on their next return. On leasing, VAT is added to each rental. Your accountant can confirm the treatment for your business.
Can I refinance equipment I already own?
In some cases, yes. Refinancing an owned asset can release cash back into the business. Ask your finance team whether your equipment qualifies.

Ready to see your asset finance offer?

Businesses, brokers and introducers: check eligibility in about three minutes, or talk to our team about working together.

Apply nowContact our team