Expertise
With experience funding a wide range of assets, we understand the market, your business and the assets you need. With in-house asset management, we've got the expertise to set market leading valuations.
Why choose Aldermore asset finance?
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Funding
We can offer a variety of funding solutions across various products. With daily payment runs, we're able to quickly release funds to you or your supplier.
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Service
Our specialist sales, underwriting and operations teams are here to make sure you get the support you need. With dedicated field and office contacts, you've got named support at the end of the phone when you need it.
Let us finance assets for the industry you’re interested in
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Construction finance
From financing new excavators to or aerial platforms, we’ve got the finance solutions to suit the construction sector.
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Transportation finance
With our support in financing light and heavy vehicles, we’ve got the right solution for you in transportation.
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Agriculture finance
If you need new equipment, renewable energy farm finance, or an agricultural loan for technology, we offer tailored solutions just for you.
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Energy and infrastructure finance
Supporting UK businesses transition to net zero by financing alternative energy solutions.
What is asset finance?
Asset finance is a type of financing that helps businesses get the equipment they need to run and grow their company.
It allows the business to avoid paying the full cost of the asset upfront, by instead spreading the cost over an agreed period of time. The cost of this is passed onto the borrower in the form of regular repayments, with interest applied on top.
Asset finance can be used for a wide variety of purposes, with common uses including vehicles or machinery, for business diversification and expansion.
What are the benefits of asset finance?
There are many reasons to consider asset finance for your business.
Freeing up cash
Asset finance can be used to free up cash flow by spreading the cost of an asset over an agreed period of time, allowing you to make the necessary purchases to run and grow your business.
Tax efficient
Asset finance can be a tax-efficient method of paying off larger assets because the payments you make can have the VAT deducted. This reduces the overall cost, whilst still allowing payments to be spread over a longer period.
Reduced upkeep
When financing through asset finance, the upkeep of the asset in question can be the responsibility of the lender. This can remove pressure, unexpected costs and allow you to claim replacement items if a fault develops. While this does depend on the type of asset finance product chosen, it can be a useful benefit.
Our asset finance solutions
We cover all the main types of asset finance products to support your business goals. These solutions allow you to spread out your costs, without compromising your ability to expand and compete with the wider market.
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Hire purchase
We purchase the asset on your behalf and create a tailored repayment plan to suit your budget. At the end of the term, you can choose to take ownership of the asset for a nominal fee.
Suitable if you
- Want to own the asset outright at the end of the agreement for a nominal fee
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Lease
We offer two types of leases: finance lease and operating lease. Find out more if you think leasing might be right for you.
Suitable if you
- Don't want to own the asset outright at the end of the agreement
- Want to reduce upfront costs by paying VAT with monthly rentals
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Refinance
Refinance is designed to produce an injection of cash that can be used to fund a variety of activities by using certain existing assets as collateral.
Suitable if you
- Want to release funds in existing assets
- Want to fund specific business projects, put a deposit on new equipment, acquire a new business or purchase new assets which aren't suitable for finance
Asset finance FAQs
Asset finance helps businesses acquire the equipment they need to run and grow their business. This includes purchasing new or used assets or releasing equity in equipment already owned.
Asset finance works either by having a lender pay for an asset upfront to the supplier, or with the business using the funds they borrow to secure the asset themselves. The cost of this is then passed onto the borrower in monthly instalments, with interest applied on top.
Unlike overdrafts, asset finance is not repayable on demand. Additionally, it is a form of secured loan, so lending criteria will be different compared to a bank loan.
We offer a range of flexible asset finance products to suit your financial situation when acquiring a business asset.
We can finance a wide range of assets across industries including construction, agriculture and transportation.
Each industry has different demands, and our finance solutions are built with these in mind. Whether it’s a new tractor for farming or an excavator for construction, we have the asset finance options to suit your business needs.
To help us understand your current situation, visit our money worries page to download and complete our financial support form. When you send this in to us, we’ll be in touch to discuss your options.
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Asset finance insights
Award winning finance provider
T&Cs will apply, subject to status and affordability. Any asset used as security may be at risk if you do not repay any debt secured on it.