How long does approval and payout typically take for green asset finance or hire purchase?
Hire purchase approvals: same day-10 working days; green asset finance: typically 2-6 weeks due to technical checks, certifications and grants.
Category Asset Finance
Can lenders make staged payments to suppliers throughout installation?
Many lenders offer staged (milestone) payments during installations, subject to lender policy, documentation, inspections and agreed milestones.
What’s the difference between Hire Purchase, Finance Lease, and Operating Lease?
Compare Hire Purchase, Finance Lease and Operating Lease: ownership, accounting, tax, VAT, maintenance and end-of-term choices for UK businesses.
What is asset refinance or sale-and-leaseback, and how does it work?
Sale-and-leaseback turns owned assets into immediate cash while you keep using them. Best Business Loans connects UK firms with specialist funders.
Can I finance items bought at auction or via private sale?
Many auction or private-sale purchases can be financed if you have clear title, valuations and paperwork—check options beforehand; get a Quick Quote.
Can delivery, installation, training, and warranties be included in the finance amount?
Often yes - delivery, installation, training and qualifying warranties can usually be included in equipment finance, leases or hire purchase.
Who owns the asset during the agreement, and what happens at the end?
Ownership depends on finance type—lender may keep legal title or you may own it. At the end: return, buy, renew or refinance; check contract.
What’s the difference between hire purchase, finance lease, and operating lease?
Compare hire purchase, finance and operating leases: ownership, balance-sheet, cashflow, tax differences - get a free Quick Quote to match UK lenders.
What happens if an asset becomes obsolete or breaks down—who handles maintenance?
Who pays for maintenance and obsolescence under ownership, hire purchase, lease or asset finance - plus tips on contracts, warranties and insurance.
What deposit is typically required for hire purchase?
Typical UK hire purchase deposits range 0%–30% (commonly 10%–20%), varying by asset, lender and borrower — get a quick quote to check options.
What assets can I fund (vehicles, plant, IT, green tech, etc)?
Guide for UK businesses on funding vehicles, plant, IT, green tech and specialist equipment — finance types, lender criteria and next steps.
What are the typical minimum and maximum asset finance amounts?
Asset finance can start from £1k-£5k; typical SME ranges £5k-£500k, with lenders offering up to multi-million. Get matched via Quick Quote.