Finance New Assets and Equipment: Spread the cost of the things you need
Get all the new equipment you need working for your business – without having to pay upfront
Current Terms Available
- Terms from 6 to 72 months
- No Maximum value
- Annual rates from 6%
- We can almost always undercut so called "0% finance" deals from suppliers
Leasing and contract hire
- Reduce monthly outgoings
- Adverse Credit – no problem
- Assets generate cash - paying for themselves
- No cash upfront
- Funds for any type of equipment
- Up to 100% funding
- Lease any type of asset
- No capital requirement
Your business needs a huge range of assets and equipment simply to work.
Vehicles, tools, IT and equipment of all kinds from right down to your chair and a desk are essential. But this presents a problem, particularly in the early stages of your business.
Buying all the assets you need for cash means a major capital investment. When it’s a big item, like a van or a machine tool, most firms don’t have the funds available. Asset Finance can provide the solution.
Asset Finance covers a number of funding arrangements, all of which let you spread the cost of the things you need. It includes ways to buy equipment outright, or lease it. It can be simple to arrange - but you need help to be sure you are getting the most appropriate deal for your business.
Why you need Rangewell to set up Asset Finance that’s right for you
Asset Finance can let you spread the cost of all kinds of business equipment from a toolkit to an entire factory and from a car to a bulldozer. It can cover manufacturing equipment finance, medical equipment, a kitchen for a chip shop or an aircraft. Naturally, this range means there are many different types of Asset Finance, and many different providers. Not all providers work in every sector, and terms and rates can vary widely.
At Rangewell, our team includes Asset Finance experts. They can help you find the right kind of finance arrangement, the lenders who work in your sector, and the most competitive deals. By searching across the entire market, we can often find asset finance plans which actually undercut the 0% finance offers provided by vehicle and equipment dealers.
Asset Finance is essential to spread the cost of the equipment you need. Our expertise is essential to get the Asset Finance that’s right for your business.
There are several types of Asset Finance that can help:
Hire Purchase – spreading the cost of buying
Hire Purchase is a simple way to spread the cost of buying an asset.
You pay a deposit plus fixed monthly instalments for the agreed term, which generally lasts between 12 and 72 months. The assets become your property as soon as the final payment is made. This can make HP the solution for durable items you want to keep, such as catering equipment and heavy machinery and for key business items such as a dentist’s chair or a tractor.
Operating Leases work like a rental agreement in that you pay a monthly rental charge to use the asset.
Maintenance, repairs, and registration can be the responsibility of the leasing company. Operating Leases can be ideal for technical equipment with a limited life that you do not wish to own outright. Some types of medical and scientific instruments which may become obsolete may be suitable for an Operating Lease, as it can allow them to be easily replaced.
Finance Leases also let you borrow equipment for a set time, but maintenance, repairs and running costs will become your responsibility.
Finance Leases are common with larger assets such as complete factory plant installations. If you want to set up a complete a production line, for example, a finance lease could provide the scale of funding required.
Real Examples of the types of Asset Finance that Rangewell can help with.
Find funding for vehicles that undercuts the 0% deals offered by dealers
Source lease agreements for machinery from various suppliers to set up a complete production line
Find finance to allow a vet to lease a digital X-ray system - allowing her to launch her practice
Find the most competitive funding arrangement to re-equip a boutique hotel with a kitchen for Michelin starred chef
Set up HP for a truck - with VAT deferred - for a company in a Creditors Voluntary Agreement
Contract Hire is often used for business cars, vans and lorries.
Payments can be reduced, as they are calculated on the purchase value less the estimated residual value of the vehicle at the end of the agreement. This type of finance can be suitable for many kinds of vehicle, from prestige cars, to HGVs and even aircraft.
When you call us, we can explain more about all the different Asset Finance options - helping you see which is the right choice for your business for both today and the future.
What business owners say abut asset finance...
Helping you build your profits
Preserve your working capitalAvoid capital investment whilst getting to the tools, equipment and machinery your business needs.
What is suitable for asset finance?Vehicles, plant and machinery, IT and office equipment, medical, dental and veterinary equipment, hotel and restaurant equipment – whatever asset your business needs.
Monthly payments to fit your budgetYour term and monthly payments can be planned to fit with your turnover. Plus, you can often arrange a funding solution to fit in with your accounting and tax needs.
Scaled for your businessFinance can be arranged for assets and equipment at all levels, from that costing hundreds of pounds to millions. Whatever the scale of your business there is an asset finance solution to fit it.
Fixed paymentsPayments are usually fixed for the term of the arrangement, letting you budget ahead in confidence.
Reduce risk to your businessIf your business hits problems and you can’t keep up the repayments, the lender can recover their costs by taking the equipment. No other assets are at risk.
Download Rangewell’s independent and detailed "step by step" guide to Asset Finance
- What is Asset Finance - and how it gives you a business advantage
- What are the types of Asset Finance - which do you need?
- Why not all providers are equal - finding the one that’s right for you
- How we can help you pay less than 0%
- The downsides to Asset Finance - and how to avoid them
- How to arrange Asset Finance - What paperwork do you need?
- Key terms explained
You may need a specialist lenderNot all providers serve all business sectors. You may need a specialist in your area to provide the funding you need.
Your fleet could be at risk if your business hits problemsIf you are unable to keep up repayments on a hire purchase or lease agreement, your fleet – a key business asset - could be at risk.
Long-term commitmentIt may not be practical to pull out of a lease arrangement once set up. This could be a problem if your business grows and your equipment is no longer adequate, or if technology moves forward.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.