Plant & Machinery Finance

Plant and Machinery FinanceLeading provider of plant equipment finance

As a leading business finance brokerage in the UK, we understand that having access to specialist equipment is vital for a successful business. With our industry knowledge, we can find you the best plant and machinery finance solutions to help your business grow!
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We provide machinery and finance products for all types of plant and equipment.

Backhoe Loaders
Railway Engineering

Grow your business with our flexible plant machinery finance options

If your business operates in an industrial sector, having access to new and up-to-date equipment is key to your success. We support various companies across these sectors, regardless of size or credit rating, to finance new machinery. We offer different plant machinery finance options that allow you to spread costs over several years.

Rather than purchasing outright or going to a high-street bank and taking out business loans, our finance solutions could help your business acquire assets sustainably and maintain positive cashflow through a range of asset rental & long-term finance deals.

Our experienced team of expert finance brokers can tell you everything you need to know about finance requirements, top current deals, and will help you choose the option that is best for your business needs.
New or used manufacturing equipment
Available on private purchases
Tailored finance packages
Long-term finance solution
Competitive finance solutions
Fixed monthly costs

Finance Lease for Plant & Machinery equipment

What is a Finance Lease?

Finance leasing is popular for industrial businesses where contract hire is unsuitable. Here the lender will hire the machinery to your business and you will repay the them over a fixed period, allowing you to get the assets you need without significant working capital to pay a large sum. 

he ownership will remain with the lender of the equipment at the end of the lease agreement, however you will have the option to renegotiate a new deal, take out another contract on alternate plant or machinery, or hand back the equipment.

Equipment leasing could be an option for your business if you want to spread the cost of the equipment and avoid making plant and machinery purchases outright, meaning you can use the extra capital in other areas of your business.
New or used manufacturing equipment
Adverse and poor credit scores are considered.
Available on private purchases
Tailored finance lease packages
Ideal long-term solution for your business
Competitive finance solutions
Fixed monthly costs
Repayment calculator
Plant Finance Construction Finance
Plant and Machinery Finance - Loader Finance

Lease Purchase for Plant & Machinery equipment 

What is a Lease Purchase?

A purchase lease is comparable to a regular finance lease - the difference between the two is that with a lease purchase agreement, you agree to buy the machinery you need at the end of the contract. This is an ideal financing solution if you eventually want to own the equipment but don't have the funds to pay upfront. Lease purchases are one of the most common long-term options for providing finance and cashflow solutions.

Like a finance lease, you will pay an initial deposit followed by monthly instalments. Once all your final payments have finished, then you will own the equipment.
Tailored packages to suit you and your business
Own the asset at the end of the contract
Competitive finance solutions
Spread the cost of acquiring equipment

Hire purchase for Plant & Machinery equipment

What is a Hire Purchase?

Hire purchase is a great option if you want to purchase and own plant and equipment to help grow your business but need to spread the costs in order to remain flexible. 

A traditional financing method popular with many businesses where the asset is paid for across monthly payments - the contract ends when the outstanding amount is paid in full. You can stay in control of your repayments, and you will have full ownership of the machinery at the end of the agreement.
Spread the cost
Option to own
Balloon payment option
Competitive packages
Need more information or a helping hand?
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Plant and Machinery asset finance funding options

With access to over 40 funders, we can offer you highly competitive finance rates without needing to approach a bank.  AFARL has been helping businesses offset their current overheads, allowing them to purchase machinery on finance, sourcing the finance they require for the lowest interest rates.
Efficient turnaround
Our application process is simple, and you can get your finance in as little as 24 hours (24 hours is possible but in reality it does take considerably longer). Our team of experts will also be with you every step of the away to offer any assistance you may need.
Personalised results
Tailored quotes specific to you and your needs, so you know you are getting the best deal possible. Every application is carefully looked through so we can do our best to solve your problem. If you are struggling to obtain funding, or have been previously refused, we are here to help you in any way we can.
Cash release
Using various methods of asset financing and refinancing can support the growth of your business by freeing up capital you can then inject elsewhere.
Expert knowledge
Asset Finance and Refinance industry experts that have specialist knowledge in different business sectors. We put our years of experience to use by helping provide a solution to your financial problem, regardless of your situation.
Easily apply online in less than 5 minutes
Getting started is easy when you complete our online application form
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Frequently Asked Questions

What is plant machinery finance?
When purchasing new machinery for your business, figuring out the best method can be difficult. Whether you want to buy plant machinery on finance or lease equipment, AFARLs team of Business Finance Specialists is on hand to assist you. 

We work with some of the best lenders in the industry to get you the financing you need to purchase the equipment you need to grow your business. We have various financing options available to fit your needs and budget. Give us a call today, or please fill out one of our contact forms and let us help you get the financing you need to take your business to the next level.
Do I still qualify for a plant and machinery loan even if I have a bad credit history?

Yes! AFARL is a specialist broker offering low-interest asset financing options for businesses with adverse credit scores. In some circumstances, you may need to provide additional security than a typical bank would require. 

Underwriting techniques used by business finance providers differ from those used by high-street banks. Reviews, testimonials, reputation, and even social media profiles can be considered when evaluating your business' sales, turnover, and profit. Your business's credit risk, growth potential, and ability to repay a loan will be assessed to ensure affordability. 
Will I pay more for finance products due to my adverse credit?
If your credit score is low, the interest rates will usually be higher than if your credit score is high. It depends on the type of product chosen and the security offered by the lender. In the case of unsecured business finance, lenders are not adequately protected if payments are not made on time, resulting in significant increases in interest rates. 

In contrast, asset finance provides greater security to lenders, making it less likely that they will lose money in case of default. This will lead to a much smaller increase in cost than products that are not as secure. Offering more security to the lender will ensure your costs & interest rate don't go up too much.
How long can you take out asset finance?
Asset finance agreements are usually governed by the operational lifetime of the assets they finance - especially those involving the purchase of equipment. A finance provider may shorten or lengthen it at their discretion, but it will typically be between one and seven years.
© Copyright 2021 Asset Finance & Refinance Limited. All rights reserved. Authorised and licensed by the FCA.
Disclaimer: Asset Finance and Refinance limited act as a licensed credit broker and not a lender, authorised and regulated by the Financial Conduct Authority, registration number 773835. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required. Written quotations on request. Certain exclusions for NI residents. Asset Finance and Refinance Limited can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.
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