Asset Finance Calculator
Asset finance lets you spread the cost of vehicles, machinery, or equipment over time. Enter the asset value, your deposit, and term to see indicative monthly payments.
Your inputs
Estimated cost
Deposit
£15,000
Amount financed
£135,000
Monthly payment
£3,264.15
Total cost of asset
£171,679
Assumptions used in this calculator
- Calculation assumes a hire purchase agreement with equal monthly payments.
- VAT is typically reclaimable on the equipment value if your business is VAT registered.
- Documentation fees and option-to-purchase fees may apply at end of term.
Calculator questions
Do I need a deposit for asset finance?
Many facilities are available with zero deposit, especially for established businesses. A 10-20% deposit can reduce the rate and improve approval odds.
What's the difference between hire purchase and lease?
Hire purchase transfers ownership at the end of the term; a finance lease typically does not. We can advise which structure fits your tax and accounting goals.
How to get asset finance through Spark Finance
- 1
Identify the asset you need and obtain a supplier quote or invoice.
- 2
Apply through Spark Finance with your bank statements and the asset details.
- 3
Receive competing offers from specialist asset finance lenders on our 250+ panel.
- 4
Sign your hire purchase or lease agreement and the asset is delivered or funded directly.
