Hire Purchase

A flexible option to invest in equipment without paying upfront costs. Hire the asset over an agreed contract period with the option to purchase it at the end.

Get a quote for Hire Purchase

Funded assets must be for your business, which needs to have been trading for at least 13 months, be UK-based and have a turnover above £50,000.

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Key Features and benefits

  • Funding from £7,500.
  • Flexible repayment structures to suit your business.
  • Get the equipment you need to drive business growth.
  • We cover most new and used asset types; from plant and machinery, to IT equipment.
  • You can purchase the asset at the end of the agreement for a small fee. It is then yours to use or sell.

Is my business eligible?

  • You don’t have to be an existing Lloyds Bank customer.
  • The asset must be for use in your business.
  • Your turnover must be above £50,000 per annum.
  • You must have been trading for a minimum of 13 months and be UK-based.

What we’d need to know

  • The asset you want to purchase.
  • The cost of the asset.
  • The name of the asset supplier.
  • Your preferred term length and deposit amount.

Talk to one of our Asset Finance specialists

Call 0345 602 4796

We’re available from 9am to 5pm, Monday to Friday, except public holidays.

Request a call back

What sort of equipment can I finance?

You can finance a broad range of assets from agriculture machinery like tractors, to other vehicles, like work vans and buses. IT equipment can also be financed.

Transportation

HGV, bus and coach, trailers, cars, marine.

Agriculture

Tractors, combines, biomass, forestry, automation.

Technology

ICT, software, services, telephony, printers, business equipment.

Manufacturing

Standard plant and machinery, production lines, CNC machines, robotics, automation.

Construction

Standard construction and plant hire equipment, diggers, bulldozers, demolition drills, cranes.

Get in touch

For customer services please email: afcustomerservices@lloydsbankcf.co.uk   

For Broker queries please email: BrokerProposals@lloydsbankcf.co.uk

Important information

The provision of our credit or leasing services by us is subject to you meeting our credit approval.

Please ensure that you only apply for credit or leasing services that you can comfortably afford. 

Annual Investment Allowance

How can it help your business?

Finance & Leasing Association

The Finance & Leasing Association is the leading trade body for the asset, consumer and motor finance sectors in the UK.

Get a quote for Hire purchase

Funded assets must be for your business, which needs to have been trading for at least 13 months, be UK-based and have a turnover above £50,000.

Get a quoteopens in a new window

Other finance options

Get in touch

For customer services please email: afcustomerservices@lloydsbankcf.co.uk   

For Broker queries please email: BrokerProposals@lloydsbankcf.co.uk

Important information

Lloyds Bank plc, Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England & Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.

Lloyds UDT Leasing Limited, Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England & Wales no. 665240.

Lloyds Bank Asset Finance, part of Lloyds Banking Group, is a member of the Finance & Leasing Association (FLA) and complies with the FLA Business Code of Practice. Lloyds Banking Group is a member of the Lending Standards Board (LSB) and complies with the LSB Standards of Lending Practice for Business Customers (Asset Finance). Further information is available from the FLA at www.fla.org.uk and from the LSB at www.lendingstandardsboard.org.uk.

We are covered by the Financial Ombudsman Service (FOS). Please note that due to FOS eligibility criteria not all business customers will be covered.

The provision of credit or leasing services by us is subject to you meeting our credit approval.  Please ensure that you only apply for credit or leasing services that you can comfortably afford.