Asset Finance for Construction
Construction plant and machinery represents a significant capital investment. Asset finance lets construction companies acquire the equipment they need, from mini diggers and telehandlers to tower cranes and concrete pumps, with manageable monthly payments secured against the asset itself.
Construction-specialist lenders understand the seasonal and project-based nature of the industry. They can structure seasonal payment profiles (lower payments in winter, higher in summer) and offer balloon payments at the end of the term to keep monthly costs down during the contract period.
Key Benefits
- Acquire plant for specific contracts without upfront capital outlay
- Seasonal payment profiles available (lower in winter months)
- Claim AIA on hire purchase, offset against Corporation Tax
- Refinance existing owned plant to release working capital
Frequently Asked Questions
Can I finance equipment for a single contract?
Yes. If the contract duration matches the finance term, lenders can structure payments accordingly. For shorter contracts, operating leases or hire arrangements may be more cost-effective.
What about plant that moves between sites?
Mobile plant (excavators, dumpers, cranes) is routinely financed. Lenders may require the asset to be tracked or for you to maintain adequate insurance covering multiple site locations.
Can I part-exchange existing equipment?
Many dealers and some lenders facilitate part-exchange. The trade-in value of your old equipment reduces the amount financed for the new asset, lowering your monthly payments.
Is finance available for specialist attachments?
Yes. Attachments (buckets, breakers, augers, etc.) can be financed either bundled with the base machine or as standalone items. Minimum finance amounts typically apply (£5k-£10k).
Related Funding Options
Asset Finance UK
Spread the cost of business equipment, machinery, and vehicles. Hire purchase, finance lease, and operating lease options for UK businesses.
Bridging Loans for Construction Companies
Short-term bridging finance for UK construction firms. Fund land purchases, site acquisitions, and cash flow gaps between project stages.
Construction & Development Finance UK
Fund property development and construction projects. Stage-released development finance for UK builders and developers.
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Get matched with lendersCoreFi is a trading name of JG Core Ltd (Company #16218779, England & Wales). CoreFi acts as a commercial finance broker and does not provide regulated financial advice. All products described are unregulated business-to-business finance. Information on this page is for general guidance only and does not constitute a formal offer of finance. Terms, rates, and availability are subject to lender criteria and may change without notice.