Vehicle & Equipment Refinance
Better terms on existing finance, or cash from what you already own
No selling, no disruption, just access to value that’s already yours
Already have vehicle or equipment finance in place? We may be able to refinance it onto more favourable terms, often at a lower cost than you’d expect to switch.
Own your vehicles, plant or machinery outright? Refinancing lets you release the cash tied up in them, without giving up use of the asset.
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FCA
Authorised rep, FRN 625035
100+ specialist lenders
Market-wide
20+ years experience
Surrey & UK
1k+ businesses
Funded across the UK
Three ways refinancing could work for you or your business
Refinancing isn’t one-size-fits-all. Depending on your situation, it could help you free up cash, improve your terms, or ease your monthly outgoings.
Two ways to refinance. One goal: putting you on better terms
If you already have finance on a vehicle or piece of equipment, refinancing means moving that agreement onto new terms, often improving your rate or your monthly cost versus what you’re on now.
If you own an asset outright, refinancing works differently: you put it onto a new finance agreement in exchange for a lump sum of working capital, while the asset stays exactly where it is, in your yard or on your drive, doing its job.
Either way, it’s a straightforward way to access value or improve your terms, without selling anything or taking on unsecured debt.
What can be refinanced
Any vehicle or business equipment
From single vehicles to full fleets, if you own it outright, there’s a good chance we can refinance it.
Refinance applies to vehicles, plant and large machinery, it isn’t available for IT equipment or office/shop fit-outs.
Plant & Machinery
Excavators, diggers and construction or agricultural equipment you own outright
Trucks & HGVs
Rigid and artic units already funding your haulage or logistics operation
Vans
Panel vans, pickups and LCVs, single vehicles or full fleets
Coaches
Minibuses, buses and school-run vehicles with no finance outstanding
Forklift
Lifting gear, reach trucks and warehouse equipment already in use
Classic Cars
Vintage and high-end vehicles, subject to specialist valuation
Cars
Business-owned cars, from compacts to executive saloons
Taxis
PCO-licensed vehicles already earning, now working harder for you
Why businesses refinance
Cash flow doesn’t always move in a straight line. A quiet month, a delayed invoice, or a new opportunity that needs upfront investment can all put pressure on working capital, even when the business itself is healthy.
Refinancing lets you unlock value that’s already sitting on your books, giving you flexibility when you need it, without disrupting how you operate day to day.
Refinance for your business or in your own name
Whether the asset is owned by the company or by you personally, refinancing works the same way.
Business
Vehicles
Plant & machinery
Personal
Cars
Leisure vehicles
If your rate feels high, or your payments are tight, it’s worth a conversation
Dealership finance isn’t always the most competitive option, and it’s not something most people ever go back and check.
If you’re currently paying more than you’d like each month, or you’ve simply never compared your rate against the wider market, refinancing could put you on more suitable terms.
There’s no obligation, and it costs nothing to find out where you stand.
See what your repayments could look like
Get an instant, no-obligation estimate of your monthly repayments. Adjust the figures below, then request a tailored quote whenever you’re ready.
These figures are applicable to UK incorporated businesses only.
Estimated monthly repayment
£0 /mo
based on 8.0% indicative APR
- Amount financed
- £0
- Deposit
- £0
- Balloon payment
- £0
- Total repayable
- £0
- Total cost of finance
- £0
Indicative figures only. Calculations are for illustrative purposes and do not constitute a quotation or offer of finance. Actual rates and monthly repayments will depend on the lender, the asset, your credit profile and the structure of the agreement. Source Asset Finance is a credit broker, not a lender. Billy Walker t/a Source Asset Finance is an appointed representative of AFS Compliance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN: 625035). Finance is subject to status, age and affordability. Terms and conditions apply.
Frequently asked questions about refinancing
Let's find the right option for you
Whether you know exactly what you need or want to talk through your options, we're here to help, whenever you're ready.