Plant finance is a versatile form of financing used by a wide variety of industries and businesses - from large engineering firms to small parts manufacturers. It helps firms keep costs down and improve their cash flow position over the long term.
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Plant finance enables you to spread the cost of plant and machinery to ensure the payments are affordable. It’s also tax efficient: your accountant will be able to minimise your tax liability by offsetting any rental or interest payments and reclaiming any VAT paid.
At the end of your plant finance agreement you can purchase the asset (often for a minimal fee) or to continue to rent it at a much lower payment cost. Hire purchase lets you automatically take title to the equipment at the end of the agreement. Benefits include:
Immediate access to machinery you need
Leasing options that suit how your firm trades
Hire Purchase options for title ownership after the period
Secured and unsecured flexible finance options available subject to eligibility
We compare 120+ lenders to find the right finance for you
A Business Finance Specialist will guide you through the process
It’s free, no obligation and won’t affect you credit score
7.63% APR Representative based on a loan of £50,000 repayable over 24 months. Monthly repayment of £2,252.94. The total amount payable is £54,070.56
*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.
Annual Percentage Rate
Rates from 2.75% APR
1 month to 30 years terms