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With new equipment HP, the lender assesses the deal based on affordability and how the business can service instalments, alongside the asset being properly evidenced. UK limited companies and sole traders with a trading history are typically considered, and some deposits may be required depending on credit quality. The finance market often sees around 6% to 20% APR, but pricing can rise for weaker profiles. Amounts often range from £5,000 to £250,000, depending on asset type, value and lender risk appetite.

Used equipment HP usually follows similar underwriting themes, but lenders may request evidence of condition, provenance and, where relevant, servicing or maintenance records. This is because the asset has already depreciated, so residual value assumptions matter. Typical amounts are often £5,000 to £200,000, with APR frequently around 7% to 25% depending on age, condition and deposit level. Some used deals may extend to around 60 months where residual value is strong and the asset meets lender thresholds.

This structure can suit businesses that want predictable lower monthly commitments while keeping an asset strategy that includes a planned final payment. Eligibility depends on the lender’s validation of residual and balloon assumptions, plus your ability to fund the balloon at the end through savings, refinancing plans, or expected disposal. Market pricing can still commonly sit around 6% to 20% APR in favourable cases, but the effective overall cost can differ due to the repayment profile. Typical amounts often range from £10,000 to £300,000.