Get the equipment your business needs now and spread the cost over 1 to 8 years. Nexgen compares 100+ UK lenders for hire purchase and leasing, from £5,000 to £10 million.
Nexgen Business Finance Limited is a credit broker, not a lender, and an Appointed Representative of AFS Compliance Limited, authorised and regulated by the Financial Conduct Authority (FRN 625035).
Asset finance lets your business acquire equipment, machinery, vehicles or technology without paying the full cost upfront. You pay fixed instalments over 1 to 8 years, and the finance is secured against the asset itself, so your working capital stays free.
It works for almost any business asset: plant and machinery, commercial vehicles, IT hardware and software, manufacturing and agricultural equipment, even specialist kit. One of our more unusual deals financed a fleet of heated pig huts, so there is very little we can't help with.
Depending on the agreement, repayments or capital allowances may help reduce your tax bill, and we can coordinate directly with your supplier so the asset arrives without delay. Your accountant can confirm the tax treatment for your business.
From a single machine to a full production line.
Match repayments to the working life of the asset.
Machinery, vehicles, office tech or specialist equipment.
Hire purchase can need a minimal or even zero deposit, with VAT deferral sometimes available.
We compare 100+ lenders to keep your financing costs down.
We coordinate with your supplier so you get the asset fast.
Capital allowances or deductible payments may reduce your tax bill.
Repayments can be aligned with your seasonal cash flow.
| Hire purchase | Finance lease | |
|---|---|---|
| Ownership | You own the asset after the final payment | The lender owns it; you pay to use it |
| Deposit | Usually a deposit, sometimes zero | Often lower upfront cost |
| VAT | Paid upfront (may be deferred) | Spread across rentals |
| Best for | Assets you want to keep long term | Assets you upgrade regularly |
Published stories relevant to this funding route.
Discover how we helped Padel Power arrange funding for its Northampton sports venue—and why an existing relationship with Josh and Taylor made Nexgen the team they chose to work with…
Read the full story →Need to fund a shop fit-out? See how a UK jewellery store financed their store refurbishment project. A Nexgen Business Finance case study.
Read the full story →NTFC Case Study: Learn how Northampton Town secured finance to finally complete the East Stand development. Solutions explored via Nexgen Business Finance
Read the full story →Historical outcomes do not guarantee similar finance terms or results.
Move the slider for an instant estimate, then check your eligibility in about two minutes. A specialist will come back with real quotes from our lender panel.
Illustrative only, not a quotation for finance. For UK incorporated businesses. Your rate depends on your circumstances.
A two-minute enquiry or a quick call.
Matched to high-street, specialist and niche lenders.
Options and terms, often within hours.
E-sign and funds are released.
Same account manager for future funding.
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Asset finance is funding used by UK businesses to acquire equipment, vehicles or machinery without paying the full cost upfront. Options like hire purchase or finance lease let you spread the cost over an agreed term.
A wide range, including commercial vehicles, construction plant, IT hardware and software, manufacturing machinery, agricultural equipment and office equipment.
It preserves your working capital, gives predictable fixed payments, can be tax efficient, and gives you the latest equipment without a large initial outlay.
Yes. Many lenders finance used assets, although the age and resale value of the asset can affect the term and rate offered.
Not always. Some hire purchase agreements need a minimal or zero deposit, depending on the asset and your business profile.
Tell us about your business and the asset you need, and we'll present suitable quotes from our lender panel so you can compare rates and terms.
Not quite the right fit? We arrange every major type of business finance and can compare options side by side for you.
A lump sum for growth, cash flow, stock, hiring or marketing, with no asset security.
Find out moreVans, trucks, cars and whole fleets on hire purchase or lease.
Find out moreRelease up to 90% of unpaid invoices, often within 24–48 hours.
Find out moreRaise cash against equipment or vehicles you already own.
Find out moreCommercial mortgages, bridging loans and development finance.
Find out moreFund solar, heat pumps, EV charging and energy-efficient kit.
Find out moreNot sure which is right for you? Tell us what you need and we'll recommend the best option.
A practical guide to how business loans work for small businesses.
Read the guideHow business asset finance can lower your corporation tax and fund growth.
Read the guideTurn unpaid invoices into fast, flexible working capital.
Read the guideCut energy costs and spread the cost of solar installation.
Read the guideTwo minutes online, no obligation, and no effect on your credit score. A specialist will come back with real options from 100+ lenders.
