^Get Asset Finance for Dairy Farms – Apply Now

Hire Purchase (HP) is commonly available for agreements from about £10,000 up to £500,000, depending on the asset and borrower profile. Lending terms are often 24 to 84 months, with longer terms for higher-value machinery. Rates are sometimes quoted as fixed APR or an effective rate depending on the structure, and asset-backed pricing often falls in the broad 6% to 13% APR range. Decisions are frequently around 1 to 3 weeks once a complete application is received, with equipment valuations and credit checks helping shape the timeline.

Asset leasing is typically structured for amounts such as £5,000 to £400,000 for many dairy cases, though larger installs can be considered depending on asset values. Lease terms commonly run 24 to 72 months. Instead of a single headline APR, pricing is usually expressed as lease rentals, which can translate to an effective annual cost often broadly similar to asset-backed lending, commonly around 6% to 13% depending on residual value and term. Standard decisions are often 1 to 3 weeks, but some cases can take longer when residual values or specialist equipment reviews are required.

Conditional sale structures are similar to HP, but paperwork and recovery or ownership terms differ. Refinancing, where offered, usually requires evidence of existing ownership and that the asset can be secured with acceptable market value. Typical amounts can be around £10,000 to £350,000, with terms often 24 to 84 months based on remaining useful life. Effective rates for asset-backed refinancing and conditional sale structures commonly fall within about 6% to 13%, influenced by affordability, term and assessed security value. Decisions are often 2 to 4 weeks due to checks on existing finance, charges, ownership evidence and any valuation refresh.