Asset Finance
At Bothwick Finance, we arrange tailored asset finance solutions for UK businesses across a wide range of sectors. By working with a broad panel of lenders, we structure facilities that reflect your business needs, asset type, and long-term plans.
What is asset finance?
Asset finance is a form of business funding that enables you to purchase or lease equipment while paying for it in fixed, manageable instalments. In most cases, the asset itself acts as security for the finance, which can result in more competitive rates compared to unsecured borrowing.
Asset finance can be used for a wide range of business assets, including:
Rather than paying the full cost upfront, your business spreads the expense over an agreed term, allowing you to invest in essential assets without restricting cash flow.
How asset finance works
The asset finance process is designed to be straightforward and efficient:
1
Identify the asset
You select the equipment, vehicle, or machinery your business needs.
2
Facility structuring
We assess your requirements and approach suitable lenders from our panel.
3
Agreement and approval
Terms are agreed based on the asset, your trading position, and preferred repayment period.
4
Asset acquisition
The asset is purchased and put into use within your business.
5
Repayment
You make regular payments over the agreed term, typically between 12 and 84 months.
Throughout the process, we ensure you understand the structure and obligations before proceeding.
Types of asset finance available
Different asset finance structures suit different business objectives. We will advise on the most appropriate option based on how you intend to use the asset.
Hire Purchase
Hire purchase allows your business to spread the cost of an asset while working towards ownership. Once all payments are made, the asset becomes yours. This option is commonly used for vehicles, machinery, and long-term equipment investments.
Finance Lease
With a finance lease, your business rents the asset for an agreed period while benefiting from full operational use. Ownership remains with the lender, but the asset appears on your balance sheet, and you may have options at the end of the agreement.
Operating Lease
An operating lease provides flexibility where ownership is not required. You use the asset for a fixed term and return it at the end, making this option suitable for equipment that may need frequent upgrading.
Key benefits of asset finance
Asset finance offers several advantages for businesses of all sizes:
- Preserve working capital for day-to-day operations
- Predictable monthly repayments
- Access higher-value equipment sooner
- Flexible terms aligned to asset lifespan
- Potential tax efficiencies, depending on structure
Because the asset typically provides security, asset finance can often be arranged without requiring property as collateral.
Who is asset finance suitable for?
Asset finance is widely used across many UK industries, including:
- Construction and civil engineering
- Manufacturing and engineering
- Agriculture and rural businesses
- Logistics and transport
- Renewable energy and sustainability projects
It can support both growing businesses investing in expansion and established companies replacing or upgrading existing assets.
Why choose Bothwick Finance?
Choosing the right asset finance structure is just as important as securing funding. At Bothwick Finance, we focus on providing solutions that work for your business over the long term.
When you work with us, you benefit from:
1
Access to a wide panel of UK asset finance lenders
1
Sector-specific experience
1
Clear and transparent advice
1
Competitive terms based on your business profile
1
Ongoing support from experienced account managers
Our role is to simplify the process and ensure the finance supports your operational goals.
Frequently asked questions
Asset finance FAQs
Can asset finance be used for used equipment?
Yes. Many lenders are happy to finance used assets, subject to age, condition, and valuation.
Do I need to pay a deposit?
This depends on the asset and lender. Some agreements require a deposit, while others can be structured with little or no upfront payment.
How long can I finance an asset for?
Is asset finance suitable for new businesses?
In some cases, yes. Availability depends on the asset, director experience, and overall business profile.
Request a quote
If you are considering asset finance for your business, we can help you secure a solution that fits your needs and budget.
Request a quote today and one of our account managers will provide a tailored view of the options available to your business.
Terms typically range from 12 to 84 months, depending on the asset type and expected lifespan.