Asset Refinancing for UK Businesses

Your vehicles, machinery and equipment could help fund your next business move. Asset refinancing allows you to raise money against eligible existing assets while continuing to use them in your day-to-day operations.

Whether you’re looking to support working capital or fund a planned investment, Ethos can explore options through our panel of lenders. The funding available will depend on your assets, existing commitments and business circumstances.

Discuss asset refinancing

How Asset Refinancing Works

Refinancing uses the value in vehicles or equipment your business already has to support a new finance agreement. Assets may be considered whether they are owned outright or have outstanding finance, subject to lender criteria.

Share details of the vehicles, machinery or equipment involved, how much funding you need and what you plan to use it for. Let us know about any existing finance agreements.

We’ll discuss your requirements and explain the information needed to approach lenders. They will assess the assets, any outstanding finance and your business’s ability to meet the repayments.

If funding is offered, we’ll explain the repayments, costs and conditions, including how any existing finance would be settled. You can then decide whether to proceed.

You continue using the asset during the agreement, subject to its terms. Legal ownership and security arrangements depend on the finance structure, and we’ll explain these before you commit.

What Assets Could You Refinance?

We can explore refinancing for a range of business assets, including:

Business Vehicles

Chauffeur vehicles, vans, HGVs, buses and coaches used in your business.

Plant and Machinery

Construction plant, agricultural machinery and other substantial equipment that supports your operations.

Modern CNC Workshop with Forklift Background

Business Equipment

Manufacturing machinery and specialist equipment used to produce goods or deliver your services.

Eligibility depends on the asset’s type, age, condition, value and remaining working life, alongside lender criteria. Tell us what you have, even if it isn’t listed above.

How Much Could Your Assets Release?

The value of an asset is not necessarily the amount your business will receive. Available funding depends on the lender’s assessment and any existing commitments attached to it.

The main factors include:

The lender’s valuation and advance: How much the asset is worth and how much the lender is willing to provide against it.
Outstanding finance: Any balance that needs to be settled with your current finance provider.
Fees and deductions: Any applicable costs that affect the funds paid to your business.

We’ll explain the proposed funding, any settlement arrangements and the net amount available before you decide whether to proceed.

What to Consider Before Refinancing

Refinancing can release funds, but it also creates a repayment commitment. Before proceeding, consider:

The full cost
Look at the interest, fees, total amount payable and any final payment, alongside the regular repayments.

Your business cash flow
Consider how the repayments will fit alongside wages, operating costs and other finance commitments, including during quieter periods.

Your existing agreement
Where an asset already has finance outstanding, check the settlement amount and any charges involved in ending that agreement.

The asset’s role in your business
The asset supports the finance agreement and may be repossessed if repayments are not maintained. Consider the effect that losing access to it would have on your operations.

Ethos is a credit broker, not a lender. Our team will explain the features, costs and conditions of the available options so you can make an informed decision.

Asset Refinancing FAQs

Potentially. The lender will consider the asset’s value, the settlement figure on your existing agreement and whether sufficient value remains to support further funding. Any existing finance settlement would form part of the proposed arrangement.

You can usually continue using it in your business, subject to the agreement’s terms. Ownership, maintenance and insurance responsibilities will depend on the finance structure and will be explained before you proceed.

Several eligible assets may be considered as part of a funding proposal. Provide a list of the vehicles or equipment involved, together with details of any existing finance, so we can explore the available options.

Useful details include the asset’s make, model, age and condition, plus mileage or operating hours where relevant. We’ll also ask about ownership, existing finance, the amount you need and its intended purpose. Further business and financial information may be required by the lender.

Timescales depend on the assets, valuation requirements, existing finance settlements and the lender’s checks. Tell us about any deadline at the outset so we can discuss the likely process and information needed.

Finance for a new purchase helps your business acquire a vehicle or equipment. Refinancing raises funds against eligible assets your business already has. Tell us whether you’re buying something new, raising funds from existing assets or considering both.

Could Your Existing Assets Support Your Next Business Move?

Tell us about the vehicles, machinery or equipment involved, how much funding you’re looking for and what you intend to use it for.

You don’t need every detail before contacting us. Share what you know, and our team will explain the next steps.

Call 01423 608666 or send us an enquiry.

Discuss asset refinancing

Why Businesses Choose Ethos

Ethos is an independently owned Asset Finance company which operates across the UK.

Asset Finance

Asset Refinancing

Commercial Funding

Invoice Factoring

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Asset Refinancing for UK Businesses

How Asset Refinancing Works

Tell Us About Your Assets

Explore the Available Funding

Review Any Offer

What Assets Could You Refinance?

Business Vehicles

Plant and Machinery

Business Equipment

How Much Could Your Assets Release?

What to Consider Before Refinancing

Asset Refinancing FAQs

Can I refinance an asset that still has finance outstanding?

Can I continue using the vehicle or equipment?

Can I refinance several assets together?

What information should I have ready?

How long does asset refinancing take?

How is refinancing different from financing a new purchase?

Could Your Existing Assets Support Your Next Business Move?

Why Businesses Choose Ethos

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