Asset finance explained with Lombard

What is asset finance?

It is a finance option businesses can use to grow by acquiring much needed equipment, such as vehicle fleets, farm machinery and even aircraft. You pay a regular amount to use the asset over an agreed period, avoiding the full cost of buying outright.

Asset finance and your business

What are the business advantages of asset finance?

Your business could gain a competitive edge by accessing the latest equipment and technological innovations, all whilst being able to spread the cost of the asset over a long period and gaining potential tax benefits.

Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances.

Firms that need to maintain close control over working capital and cash flow could benefit from these advantages to asset finance:

Additional benefits of asset finance

Types of asset finance

Hire Purchase

Flexible interest rates – With a choice of fixed or variable rates, you could make the choice that suits you and your business best.

Business Contract Hire

Access the latest vehicles without worrying about depreciation and other risks of ownership.

Chattel Loan Mortgage

Use assets such as aircraft or machinery as security. At the end of the agreement, the mortgage is removed.


Enjoy the benefits of ownership without the risk like depreciation or time and costs of disposal.

Residual Value Lease

Lease high value equipment, vehicles, or machinery and enjoy lower monthly repayments and reduced risks.

Businesses we've supported

We've supported Sleepeezee on their journey to become greener - see for yourself!

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