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Asset Finance
Spread the cost of equipment, vehicles or machinery. Or unlock cash from assets you already own.
- Fund what you need to run and grow your business.
- Manage your cashflow with monthly payments.
What do you want to finance?
What type of Asset Finance is right for you?
There are different ways to fund your business purchase. This depends on what type of asset it is, whether you’re buying new or used, and if you prefer to hire the asset or purchase it at the end of the agreement.
Finance Lease
An affordable way to lease vehicles without owning them.
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Extend or sell at end.
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New or used vehicles.
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Fund up to 100% of price.
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12 to 60 months.
Business Hire Purchase
Our most popular finance option helps you spread the cost.
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Option to own at end.
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New or used items.
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Fund up to 90% of price.
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12 to 60 months.
Vehicle Contract Hire
A cost-effective way to lease brand-new vehicles without owning them.
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Return the vehicle at end.
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New vehicles only.
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No deposit needed.
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24 to 60 months.
Why choose Lloyds Bank for Asset Finance?
Talk to an asset finance specialist
Get an indicative quote now and one of our specialists will call you back.
Frequently asked questions
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An asset can be anything a business needs, from vehicles and equipment to machinery and technology. What you need depends on the type of business you run, but assets usually include everything you don’t sell to customers.
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Sale & Hire Purchase (HP) Back allows you to initiate new Hire Purchase agreements against assets you’ve recently purchased and paid for in full.
Providing the equipment was purchased no more than six months ago* it can be sold to Lloyds Bank at its full non-depreciated value and hired back to you. This can release cash back into your business with no impact on your day-to-day control of the asset.
*Sale & HP Back can be used to finance goods acquired by you within the last six months in England and Wales, and under Scottish Law within three months.
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The easiest way to apply for Hire Purchase is by getting a free quote.
- Tell us how much you want to borrow, and we’ll give you an indicative quote.
- If you’d like to discuss your quote, we’ll ask for some information about you and your business.
- We’ll call you to discuss your quote and your business requirements. We’ll then give you a decision.
- We’ll contact the supplier and arrange the purchase.
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Asset Finance solutions are used solely for leasing or buying a specific agreed asset. Asset Finance looks to the value of the asset as the security for the finance you need to borrow to lease or buy it. At the end of your agreement, you’ll have different options including owning your asset, returning it, selling it or extending your lease.
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Pricing is tailored on the asset you want to buy or lease.