Asset finance in Leicester
CoreFi arranges asset finance for Leicester limited companies, covering machinery, vehicles and equipment through hire purchase and leasing. As a broker we match your business to lenders on a whole-of-market panel. We do not lend ourselves, and all terms are indicative until a lender assesses your case.
Asset finance lets a Leicester business fund the machinery, vehicles and equipment it needs while spreading the cost over the asset's working life. CoreFi arranges these facilities as a broker, from knitting and finishing machines in the old textile quarter to refrigerated vans for food producers and trailers for hauliers off the M1.
Rather than paying out capital in one go, most Leicester firms prefer to fund equipment through hire purchase or leasing so cash stays in the business. We take your requirement to lenders on a whole-of-market panel and explain the likely structure before anything is submitted. The lender decides whether to lend and sets the price; any figures we give are indicative and illustrative only.
- 1
List the assets you need to fund
Tell us what you want to acquire, whether that is machinery, vehicles or equipment, along with rough costs and whether the items are new or used. This shapes which lenders are the right fit.
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We compare panel options
We match your requirement to lenders on a whole-of-market panel and explain hire purchase versus leasing, with indicative structures and costs, so you can see the trade-offs before committing.
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We submit and manage the case
We package your figures and put the case to the chosen lender. They assess affordability, decide whether to lend and set the final terms; we keep you updated through to drawdown.
Machinery finance for Leicester manufacturers
The manufacturing streets around Frog Island, Woodgate and St Margaret's still run on machinery, from industrial knitting, cutting and pressing equipment in the surviving garment trade to ovens, mixers and packing lines in the city's food producers. This kind of kit is expensive, wears with use and often needs upgrading to win larger contracts. Asset finance lets a Leicester manufacturer spread that cost over the useful life of the machine rather than draining working capital at the point of purchase. We help firms structure hire purchase, where you own the asset at the end, or leasing, where you use it for a set term, and we take the request to lenders whose appetite suits used and new equipment alike. What actually gets approved, and at what rate, is the lender's decision.
Vehicle and fleet finance for logistics operators
With the M1 at junctions 21 and 21A and the M69 heading to Coventry, Leicester is a serious logistics location, and the firms based around Braunstone, Grove Park at Enderby and the wider county distribution parks rely on rolling stock. Whether it is a single Luton van for a growing distributor, a tractor unit and trailers for a haulier, or forklifts and yard equipment for a warehouse operation, asset finance keeps cash free while the vehicles earn. We arrange hire purchase and finance leases for commercial vehicles across a whole-of-market panel, and we can look at both new purchases and refinancing of assets a business already owns. Every quote is indicative; the lender assesses the deal and sets the final terms.
Equipment finance across the local SME base
Beyond the factories and hauliers, Leicester's broad SME base needs equipment too. That might be commercial kitchen and refrigeration kit for a caterer near the Cultural Quarter, retail fit-out and point-of-sale systems for a trader at Highcross or Fosse Park, print and signage machinery, or IT and telecoms for a professional firm. Asset finance suits any of these because it ties the cost to something with a clear working value. We take time to understand what the equipment is for and how long it will earn, then match the request to lenders whose criteria fit that asset type. As a broker we arrange the facility only; approval, affordability and pricing all rest with the lender.
Frequently asked questions
What is the difference between hire purchase and leasing?
With hire purchase you pay in instalments and own the asset at the end. With leasing you pay to use the asset over a term and typically hand it back or renew. Which suits your Leicester business depends on the asset and how long you will use it; the lender confirms the terms.
Can I finance used machinery or vehicles?
Often yes. Many lenders on our whole-of-market panel fund used equipment and vehicles, which matters for Leicester's textile and logistics firms buying quality second-hand kit. The lender assesses the specific asset and decides.
Can I refinance equipment my business already owns?
In many cases, yes. Refinancing existing assets can release cash back into a Leicester business. Whether it is possible depends on the asset and the lender's criteria, and any figures we discuss are indicative until the lender assesses it.
Does CoreFi provide the asset finance directly?
No. We are a broker. We match your Leicester limited company to asset finance lenders and manage the process, but the lender provides the facility and decides on approval and pricing.
How quickly can asset finance be arranged?
Timelines vary by lender and by how ready your figures are. Straightforward vehicle or equipment deals can move quickly, but any timeline we mention is indicative only, as the lender controls the assessment and drawdown.
Get matched with lenders for your Leicester 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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