^700k Leasing Finance – Get Your Custom Quote Today

With an operating lease, the provider typically assesses affordability and credit strength, plus the asset’s condition and marketability. For a larger ticket, such as around £700k, suitability may also hinge on how the business will maintain the asset and whether repayments are sustainable. Terms are commonly in the 24 to 72 month range, and pricing may be presented as an interest rate or APR-equivalent. Decisioning for straightforward cases is often around 3 to 10 working days, though more complex reviews can extend to 2 to 3+ weeks.

A finance lease is frequently chosen when you want a clearer route to acquire the asset at the end of the term, or in practice continue ownership. Eligibility tends to include credit and affordability checks, plus scrutiny of expected economic life and residual value. Terms are commonly 36 to 84 months, and pricing may be quoted as an interest rate or APR-equivalent. Where expressed, typical APR-equivalent ranges can be around 6% to 12.5% for lower-risk cases. For decision timelines, many applications land within 5 to 15 working days, with longer times for higher-value assets and complex documentation.

Hire purchase (HP) spreads the cost with structured instalments while building ownership through the agreement. For SMEs seeking around £700k, lenders generally look for strong repayment capacity and good asset documentation. Terms are commonly 12 to 84 months, and pricing is usually interest charged over instalments, with typical APR ranges often around 6% to 14% depending on credit profile, deposit, term length, and asset type. Decisioning is commonly 5 to 15 working days, and can be quicker when documentation is clear and the asset can be validated easily.