Introduction
Asset finance covers a wide range of real-world business needs. If a business uses equipment to operate, there’s a good chance asset finance could apply.
Common examples of asset finance
Some of the most common examples include:
Vehicle finance
Company cars, vans, HGVs, and fleet vehicles are frequently financed rather than bought outright.
Plant and machinery
Construction equipment, manufacturing machinery, and specialist tools are often funded this way.
Technology and IT equipment
Servers, computers, telecoms systems, and office tech can all be financed.
Agricultural and specialist equipment
Farming machinery, processing equipment, and industry-specific tools are commonly funded using asset finance.
Why asset finance suits these assets
These assets:
- Are essential for operations
- Generate revenue
- Have a predictable lifespan
This makes them ideal for spreading costs over time.
Real-world business example
A construction company needs a new excavator. Buying outright would strain cash flow. Using asset finance allows them to:
- Use the equipment immediately
- Spread the cost monthly
- Match repayments to project income
This reduces pressure while supporting growth.
Are second-hand assets financeable?
In many cases, yes. Some lenders finance used assets, depending on age, condition, and value.
This can be helpful for businesses looking to manage costs.
🔵 Get in touch with TMS Finance Today
This new page represents our commitment to faster, smarter business finance. TMS Finance continues to invest in tools that make funding accessible and straightforward. Whether you need £10,000 or £500,000, our team is ready to support you.
If you want quick clarity on your funding options, visit our new business funding eligibility page today. Our specialists are looking forward to helping you take your next step with confidence.