GET FUNDING

Estimate Your Asset Finance Loan Costs using our calculator

Curious about your borrowing power? Use our Free Asset Finance Calculator to estimate your monthly repayments and total costs for purchasing or hiring new equipment.

How to use the calculator:

Adjust the Sliders: Select your type of asset, select the amount to borrow, term length, and interest rate and the calculator will update automatically.

Asset Finance Calculator FAQs

What is asset finance and how can it benefit my business?

Asset finance is a funding solution that allows your business to acquire essential equipment, machinery, vehicles, or technology without paying the full cost upfront. Instead of a large one-off payment, you spread the cost over time while preserving your working capital (Asset Finance) – keeping cash free for day-to-day operations and growth opportunities.

There are several structures to suit different business needs. Options include hire purchase, hire purchase with VAT deferral, asset leasing, and asset refinancing (Asset Finance) – each offering different benefits around ownership, cash flow, and flexibility depending on your situation.

With hire purchase, you spread the cost of an asset over time with fixed monthly repayments, and ownership transfers to your business once all payments are complete. Asset leasing, on the other hand, typically offers lower monthly payments and flexible end-of-term options, including the ability to upgrade to newer models (Asset Finance) – making it better suited to equipment that needs regular updating.

You can use the free Asset Finance Calculator on the Compare Your Funding website to estimate your monthly repayments and total costs. Simply adjust the sliders to select your asset type, the amount you wish to borrow, the term length, and the interest rate, and the calculator will update automatically. (Asset Finance)

There are difference tax benefits and we would suggest speaking to an accountant to go through the options.