Identify the asset
The business provides the specification, supplier, price and intended use, or evidence of ownership for a refinance.
Asset finance and refinance guide
Asset finance and refinance
Asset finance spreads the cost of vehicles, machinery or equipment over an agreed period. Asset refinance can release capital from qualifying assets already owned by the business. Ownership, purchase options and accounting or tax treatment depend on the structure.
Often considered for
- Vehicles, plant, machinery and specialist equipment
- Technology, production or operational upgrades
- Replacing ageing assets without a large upfront payment
- Releasing working capital from assets already owned
The structure
How asset finance and refinance can work
The exact process, eligibility rules and legal structure vary by provider.
Value and assess
The lender considers the asset's value, useful life, resale market and the business's ability to meet payments.
Fund and repay
The asset is acquired or refinanced under agreed terms, with ownership rights determined by the facility structure.
Lender assessment
What a provider may consider
- Asset type, age, condition and expected useful life
- Purchase price, valuation and resale market
- Supplier quality and delivery timetable
- Business affordability and deposit contribution
- Existing finance, ownership and charges over the asset
Prepare the evidence
Information that may support the request
- Supplier quotation and detailed asset specification
- Accounts, management information and bank statements
- Evidence of deposit or business contribution
- For refinance, proof of ownership and settlement figures
- Details of maintenance, insurance and expected operational benefit
Compare carefully
Points to understand before proceeding
- Clarify whether the business owns the asset during or at the end of the agreement.
- Compare deposits, rentals, fees, purchase options and early-termination costs.
- Check maintenance, insurance and usage obligations.
- Obtain tax and accounting advice because treatment varies by facility and circumstances.
Build the funding case
Present the need, evidence and repayment plan together
Fundry helps businesses organise a structured request for potentially relevant lenders to assess.
This guide provides general information only and is not financial advice or a recommendation. Product structures, eligibility, costs and terms vary by provider and remain subject to assessment. Review any offer carefully and seek independent advice where appropriate.