Asset Finance

Asset finance – hire purchase & finance lease.

Finance Lease and Hire Purchase

In the asset finance sector, there are a variety of products and an even wider variety of product names! 
Finance Lease
Finance lease and operating lease

If your business needs equipment, plant or vehicles for a given term, or the asset will be effectively worn out at the end of the term, this is the ideal solution and the most tax efficient.


Find out more about leasing

Hire Purchase
Hire Purchase or Lease Purchase

To maintain ownership of the asset at the end of the term, or to remove your business from onerous lease conditions around usage, mileage or servicing it can be better to own the vehicle or equipment from day one. 

Find out more about hire purchase options

Finance Lease
Raise money for your business

Cashflow in business can be tricky, but if you have the assets then let us arrange the funding for you. 

Find out more about leasing

About us
Award winning finance

Why should you work with Acorn finance?

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Why Acorn finance

21 years and 6 best UK broker awards…

Asset refinance

Refinancing an asset or vehicle is a great option when your business needs a cash injection.

Acorn finance have a broad panel of funders offering finance against everything from working assets within the business to classic cars or the owner’s yacht!

With no limits to the level of funding available, we just need to understand the value of the asset and put together a plan which is affordable to your business.

Equipment and Asset Leasing

Leasing equipment and vehicles is extremely common across the business world. There are various forms of lease which suit different equipment and circumstances.

The finance lease is used where you, the customer will take the asset for most or all of it’s useful life, take care of maintenance and then, at the end of the lease period either;

  • Continue to lease on a secondary lease period, potentially with lower lease payments
  • Sell the vehicle or equipment and keep a percentage of the sale value
  • Hand the asset back to the lessor (finance company)

Hire purchase

In a hire purchase agreement you, the customer pays a deposit against the asset or vehicle followed by monthly instalments for an agreed term, generally between two and five years.

A hire purchase agreement allows payments to be spread on the purchase of an expensive asset without the use of other security (a house or business premises for example). The lender will secure the loan against the asset so, if the loan repayments go into arrears the vehicle or equipment could be repossessed.

In car finance many customers are now looking to contract hire or PCP (Personal Contract Purchase) agreements rather than hire purchase, in the situation where a customer wants to have a new car often, the repayments being lower with a PCP.

Find out more about PCP options here

PCP – Personal Contract Purchase