Asset finance in Aberdeen
CoreFi arranges asset finance for Aberdeen limited companies, from workshop plant and inspection equipment to commercial vehicles and offshore-related kit. We approach a whole-of-market panel to match your business to lenders that price the asset and the sector fairly. We are a broker, not a lender.
Asset finance lets an Aberdeen business acquire or refinance equipment while spreading the cost, so capital is not swallowed in one go. CoreFi arranges it as a broker, going to a whole-of-market panel rather than a single lender, which matters when the asset is specialist and the sector is cyclical.
Whether it is fabrication and machining equipment in Altens, survey and inspection kit for subsea work, a fleet upgrade for a Dyce-based logistics operator, or plant for a groundworks firm, the right lender is the one that understands the asset and the industry behind it. That is the match we exist to find.
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Describe the asset
Tell us what you want to finance or refinance, whether it is plant, vehicles or specialist equipment, along with rough cost and how quickly you need it.
- 2
We match it to lenders
We approach asset finance lenders on our whole-of-market panel that understand your equipment and the Aberdeen sector, and come back with indicative structures and costs.
- 3
Complete and draw down
You choose the option that fits. We help package the case and manage it to the lender's decision so the asset can be put to work.
Equipment the North East actually runs on
The assets we see financed in Aberdeen reflect the local economy. Engineering and fabrication businesses around Altens and Tullos need machining centres, welding plant and lifting equipment. Subsea and inspection firms carry specialist survey, ROV-support and testing kit that generalist lenders can struggle to value. Logistics and offshore-support operators near the harbour and Dyce run fleets of HGVs, vans and specialist vehicles that need regular renewal. Increasingly we also see energy transition businesses financing tooling for wind and renewables work. Because we understand what these assets are and how they hold value, we can put a request in front of lenders who will treat it as a known quantity rather than a risk they cannot read.
Hire purchase, leasing and refinance
Asset finance is not one product. Hire purchase spreads the cost of buying an asset outright over time, ending in ownership. Leasing keeps the asset off the balance sheet in the way some businesses prefer and can suit fast-depreciating kit. Refinance, sometimes called sale and leaseback, releases cash from equipment you already own, which can be a sensible way for an Aberdeen firm to fund working capital or a new contract without new borrowing against the business generally. Structures, terms and pricing vary by lender and by asset, and everything we outline is indicative until a lender assesses the specific case. Our job is to explain which structure fits your position and then find the lender to deliver it.
Why a broker helps with specialist kit
The more specialist the asset, the more the choice of lender matters. A high street relationship manager may not know how to value an item of subsea or drilling-related equipment, and a poorly understood asset often leads to a cautious or expensive offer, if any. By approaching our whole-of-market panel, we can steer specialist assets towards lenders that already finance them and understand residual values in the Aberdeen market. For your business that usually means a smoother process and terms that reflect the true worth of the kit, rather than a lender pricing in uncertainty it does not need to.
Frequently asked questions
What kinds of assets can be financed?
Most business equipment that holds value can be considered, from machining and fabrication plant to commercial vehicles, survey and inspection kit, and specialist offshore-related equipment. Suitability and terms depend on the asset and the lender, so early figures are indicative only.
Can I refinance equipment I already own?
Often yes. Refinance, or sale and leaseback, can release cash from assets you already own to fund working capital or a new contract. Whether it is available and on what terms is for the lender to decide once they assess the asset.
Do you finance specialist subsea or energy equipment?
We work with lenders on our whole-of-market panel who understand specialist Aberdeen sectors. That does not guarantee an offer, but it does mean we can put unusual or high-value kit in front of lenders more likely to value it correctly.
Is CoreFi lending me the money?
No. We are a broker, not a lender. We arrange asset finance by matching your Aberdeen business to lenders on our panel. The lender makes the credit decision, sets the price and provides the funding.
Get matched with lenders for your Aberdeen business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
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