Asset Finance

Asset Finance: Helping You Access What You Need

Asset finance provides a straightforward way to acquire the vehicles, machinery, or equipment your business needs without paying the full cost upfront. At Porter Finance, we can introduce lenders offering flexible structures designed to support your cash flow and long-term plans.

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Hire Purchase (HP)
Hire Purchase enables you to spread the cost of an asset over a fixed period, usually between 1 and 7 years. When all payments are complete and the Option to Purchase fee is paid (this varies between lenders), ownership transfers to your business.

• Ownership at the end – once the agreement is finished and the Option to Purchase fee is settled, the asset becomes yours.
• Flexible deposits – including VAT, which can sometimes be reduced or deferred.
• Regular repayments – fixed instalments help spread the cost more evenly.
• Optional final payment – in some cases, part of the cost can be deferred to the end to reduce monthly outgoings.

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Finance Lease
A lease allows your business to use an asset over an agreed term, without automatic ownership at the end. When the lease ends, you may continue leasing, return the asset, or in some cases make further payments to retain its use.

• Lower upfront cost – VAT is spread over the lease term.
• Predictable costs – fixed monthly repayments support consistent budgeting.
• Tax treatment – repayments may be deductible as a business expense (please seek professional advice).
• End-of-term flexibility – depending on the agreement, you may return, continue leasing, or make additional payments to retain use.

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Guiding Your Business Forward
Whether you choose Hire Purchase or Leasing, Porter Finance works with you to explore funding options that match your business goals and cash flow priorities.

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