Who owns the asset during the agreement?

It depends on the structure. Under hire purchase, ownership generally transfers at the end of the term; under a lease it usually remains with the funder.

Route 04 of 10

Asset & Equipment Finance

Vehicles, machinery, technology and equipment.

Asset and equipment finance may be considered when a business needs vehicles, machinery, technology or specialist equipment.

Discuss your funding requirement All finance routes

Machinery running on a UK production floor

Navy and gold illustration of financed equipment

Understanding asset & equipment finance.

In educational terms, options can include hire purchase, leasing or refinancing existing assets. The right structure depends on how the asset will be used and the wider financial picture.

Amworth is an introducer, not a lender. Nothing on this page is advice, an offer, or an indication that finance will be available to your business.

Real businesses, real timing, real trading patterns.

Decision map

Whether it fits, and how it can be built.

General indicators only. Providers set their own criteria and reach their own decisions.

This may be worth exploring if…

The funding is tied to a specific, identifiable asset
You would rather spread the cost across the asset's working life
You already own assets and want to consider refinancing them

Common structures within the category

01
Hire purchase
Payments are made over an agreed term, with ownership passing to the business at the end.
02
Finance or operating lease
The business uses the asset for an agreed period. Ownership usually stays with the funder.
03
Asset refinance
Raising funds against assets the business already owns, subject to valuation and condition.

The provider’s perspective

What a provider wants to understand before deciding.

Purpose of the funding and how it supports the business
Trading history and turnover
Profitability and repayment capacity
Existing borrowing and commitments
Credit profile of the business and its directors
Any security available, including personal guarantees
The type, age, condition and resale value of the asset

Costs vary by provider, product, amount, term and the risk presented. We do not quote rates on this website because pricing is set by the provider following their own assessment. Some facilities are unsecured; others require security over an asset, a debenture, or a personal guarantee. Any costs, fees and security requirements are set out by the provider in writing before you commit.

Documents worth having to hand

Checklist

Latest filed accounts
Recent management accounts, where available
Three to six months of business bank statements
A short summary of what the funding is for
Details of existing finance agreements
A supplier quotation or invoice for the asset

Nothing here is mandatory before you contact us — it simply makes the first conversation more productive.

Questions