Over 20 years experience in Asset Finance |  Borrow up to £5 million
Flexible deposits & repayment terms | A guaranteed response in 24 hours

At Charles & Dean we have a proud history of helping business owners access the cash they need, when they need it. As an experienced broker we know how to package agreements perfectly for each lender, minimising back-and-forth communication. 


Securing a finance agreement is never simple, but with Charles & Dean we ensure each box gets ticked along the way in a diligent and efficient manner. Our experience with what are often detailed, complex and unique agreements means we’re in a good place to secure even the most challenging requests.

The possibilities are endless when it comes to asset finance. From medical equipment through to agricultural machinery to telephone systems and office layouts. Find out more about the journey of Asset Finance with Charles & Dean here.

Your asset finance options

If your business doesn’t wish to use cash to purchase an asset, Hire Purchase is a good financial alternative. Hire Purchase can be used to purchase a variety of industry assets.

Hire Purchase agreements involve acquiring an asset and spreading the cost with monthly repayments. It’s a flexible option so your business can easily budget for the asset as well as take advantage of the flexible repayment terms and fixed interest rates. Hire Purchase can be a tax-efficient way to buy equipment, as the interest on the payments is tax deductible and capital allowances on the equipment can be claimed immediately.

Hire Purchase is a good option for businesses looking to purchase assets that have a a long term use. The duration of a Hire Purchase agreement is usually between 12 and 72 months and at the end of your agreement, you have the option to own the asset to keep for future use or to sell.

Typical Hire Purchase assets: printing presses, construction equipment, materials handling machinery, commercial vehicles and agricultural equipment.

Reasons to choose Hire Purchase:

 You will gain full ownership of the asset at the end of the agreement
 There is a greater chance of credit approval
 A low deposit is required, typically 10% of the total cost of the asset. 0% deposit may be available subject to status
 It’s easy to budget with flexible repayment terms and fixed interest rates – the cost is spread over a period of time and paid by monthly instalments – that will not increase even if bank interest rates rise
 There is more flexibility for you to make early repayments or over payments at any point during the agreement
✓ Hire Purchase leaves your business the cash for more traditional methods of funding

A Finance Lease is an agreement in which you get full use of the asset without actually owning the equipment. Ownership of the equipment is retained by the lender.

Finance Leasing means your business can take advantage of the flexible repayment terms and fixed interest rates. Payment terms can be structured in line with your business’ cash-flow to make budgeting easier. Finance Lease funding is normally shown as ‘on balance sheet’.

Finance Leasing is a tax-efficient option for your business to acquire the equipment it needs without using up cash that could be used elsewhere. Your business can benefit from the VAT only being payable on the rentals, not on the purchase cost. Plus, you may be able to offset the rental payments against your taxable profits, depending upon the asset type and term.

A Finance Lease is suitable for businesses of all shapes and sizes. For example, if your business needs to purchase agriculture machinery and avoid having to pay upfront the full VAT for the asset, and would like to recover some of the asset’s value at the end of a fixed period by selling the machinery on behalf of the lender; then a Finance Lease could be the right finance solution for your business.


Reasons to choose Finance Leasing: 

 You can reduce upfront costs. Leasing an asset monthly means you don’t have to pay a lump sum upfront, which can be beneficial to your businesses cash flow.

✓ You may be able to offset leasing costs against taxable profit.

✓ Charles & Dean can tailor flexible lease payments to tie up with your cash flow.

 There is the option to carry on renting the equipment once the term ends, often for a reduced cost or sell the asset and retain a proportion of the cash proceeds (if permitted in the lease contract).



Sale & HP / Sale & Lease back means you can refinance specific equipment your business has purchased in the last 90 days to a finance agreement which releases cash back into your business. The lender agrees a value to purchase your asset and uses either a Hire Purchase or Finance Lease agreement to finance the asset back to you over a fixed period of time. Your repayments can be aligned with the income stream generated by the asset.

Sale & HP back
The sale & HP back option is written as a new Hire Purchase agreement.

Sale & Lease back
The Sale & Lease back option is written as a new finance lease agreement.

Reasons to choose Sale & HP / Sale & Lease:

Sale & HP / Sale & Lease is a good option if you are looking to improve your business cash flow as you can pay in monthly instalments.

The initial deposit can be as small as one month’s payment – 0% deposit may be available subject to status

VAT can be spread over the agreement duration.

Sale & HP / Sale & Lease can be utilised when purchasing assets at auction.

Refinance is a way for your business to access cash. It’s when you use existing assets your business already owns as security.

Because the finance is secured against a physical asset, the lender has extra reassurance, meaning the lender has more confidence in your business and won’t require a personal guarantee or need to look into your credit history.

At Charles & Dean we can help your business to refinance its unencumbered assets or assets nearing the end of their finance agreement.

There are two reasons your business may want to consider this option:

To release equity into your business. It’s a great way to improve cash flow and working capital. The amount of money you can borrow will depend on the value of the asset and the loan to value that the lender is willing to provide.

To negotiate a more suitable finance agreement. Refinancing is a useful option if your business is looking to restructure its current finance agreement and would like to reduce monthly payments but still requires use of the asset. There is a wide range of asset refinance products available, we can help you decide the best option for your business.

Contract Hire is a popular form of vehicle leasing. Contract Hire means you take control of a car for a fixed period of time and for a fixed fee. There is a non-refundable upfront payment, followed by regular monthly payments for the length of the contract. You never take ownership of the car and at the end of the contract you return the car to the contract hire company.

Your Contract Hire payments will be determined using a combination of the retail price of the car, the estimated value of the car at the end of the agreement, taking into account depreciation and your expected mileage. You then pay the difference between the two figures in monthly instalments. There is no option to buy the car at the end of the agreement.

Contract Hire is a good option if you would like to agree a maintenance package, such as servicing and tyres. You will also know exactly what you need to pay and when, there are no surprise costs.

Reasons to choose Contract Hire:

 Contract Hire is a good option for businesses as it allows you to update fleets regularly with the latest vehicles, avoid large down-payments and adjust fleet size based on the number of employees

Asset finance is a great option when compared with alternative methods of funding. This is because your business can benefit from the debt being secured against the asset you’re purchasing. Leaving your business the opportunity to utilise business loans or other funding methods for uses that cannot be secured against a particular asset, like cash flow.

We can help you purchase the equipment your business needs, when you need it. Whether you’re looking to finance a new fleet of trade vehicles, construction machinery or medical equipment, we’ve got the expertise to make it happen.

“No one client’s needs are the same.  You can’t beat finding the right proposition, that works specifically well for a client’s individual business needs” – Brad O’Hara, Senior Broker

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