Vehicle Finance

We are Specialists when it comes to vehicle finance. From commercial vehicles to prestige cars, we have 20 years vehicle finance experience.

Funding your next vehicle

We know vehicle finance inside and out. You might run a fleet of vans for your business. Or, you are looking to get a prestige vehicle for yourself. There are plenty of finance deals available. With finance rates at an all-time low, it’s a great time to fund your next vehicle.

There are many vehicle finance options available. And, it’s a minefield for you to know what is best. As vehicle finance experts, we are here to guide you through the process.

Types of vehicle finance we have available

Hire Purchase

Hire Purchase is a vehicle finance agreement where the business acquires ownership. Legal title transfers after payments are complete. This includes the final purchase payment.

Also, you can defer part of the cost with a Balloon Payment. Here we offset a portion to the end of the agreement. We base this on the value of the vehicle at the end of the agreement.


  • Fixed monthly cost
  • Ownership at the end of the agreement
  • Flexible contract
  • Balloon Payment option
  • Low initial outlay
  • Business capital not tied up in a depreciating asset
  • Finance not subject to VAT
  • Interest reclaimable against tax
  • Writing down allowance

Finance Lease

Finance Lease is a flexible vehicle finance option. This option is perfect for businesses looking to manage the vehicle. Also, you show the vehicle on your balance sheet. This has its advantages.

Above all, Finance Lease is a VAT-beneficial option. You can pay the entire vehicle cost over the agreed lease period. Also, you will pay any interest charges. Or, you can pay lower monthly rentals by adding a final balloon payment. For this, we base the balloon payment on the expected resale value.


  • Minimum capital expenditure
  • Accurate monthly budgeting
  • A fixed interest rate is available on all contracts
  • No damage recharge as you are responsible for disposal of the vehicle
  • VAT recovery on the lease rentals (subject to 50% block)
  • Corporation tax relief available against the lease rental charges
  • Rentals can be offset against the businesses profits

Contract Hire

Contract Hire is a simple vehicle finance option. Typically, contracts range from 24 to 60 months. Most importantly, we tailor contracts to your requirements.

Contract Hire makes budgeting simple. Firstly, the initial rentals are low. Secondly, the monthly costs are then fixed. Also, you have no risk of residual values at the end. At the end of the agreement, you hand the vehicle back. In addition, you can include maintenance and recovery. As a result, this removes the stress and financial risks of ownership.


  • Fixed cost making budgeting more simple
  • Small initial outlay
  • No exposure to residual value risk
  • VAT recovery on the lease rentals (subject to 50% block)
  • VAT is payable on each lease rental (as opposed to upfront)
  • Corporation tax relief available against the lease rental charges
  • Eliminates most of the stresses and financial risks of vehicle ownership
  • Reduced fleet administration

Why choose Asset Funding UK?

We have access to many finance partners. As a result, we can fund any vehicle purchase. Also, we offer refinancing of current vehicles at low rates.

Fast, flexible underwriting for new and established businesses. After all, we work with all industries. So, let’s drive your business forward with vehicle finance.

Industries we work with