Equipment Refinance
Refinance is one of the most underutilised finance products & can be a great way to release working capital from assets you already own. Refinance is strictly only for Vehicles, Plant & Machinery whether currently in finance or not.
So many businesses within the UK have sizable amounts of equity tied up in machinery. A good rule of thumb is that lenders will release around 80% of the current equipment value into your business as working capital. The equipment remains in your possession & you can continue using it as you usually would.
Origin Finance is an expert in refinance and is on hand to provide a free no obligation valuation of your vehicles & machinery so you know how much funding can be raised.
96%
APPROVAL RATE
2 Hours
APPROVAL TIME
£150m+
RAISED TO DATE
5 STAR
TRUSTPILOT & GOOGLE
Frequently Asked Questions
[astra_custom_layout id=1730]
Equipment refinance is a financial product that allows businesses to unlock the equity in their owned vehicles, plant, and machinery to access working capital. By refinancing assets that are currently owned outright or under finance, businesses can convert their existing equipment value into cash, which can be used for various purposes such as business expansion, debt consolidation, cash flow management, equipment upgrades, or other strategic initiatives. Equipment refinance is a versatile finance solution that can help businesses optimise their capital structure and leverage underutilised assets to drive growth.
Origin Finance's equipment refinance program is specifically designed for vehicles, plant, and machinery used in various industries. Whether your business owns commercial vehicles, construction equipment, manufacturing machinery, agricultural implements, or other types of specialised equipment, you may be eligible for equipment refinance with Origin Finance. We offer refinance solutions tailored to the unique requirements of different equipment types, allowing businesses to unlock the value of their assets and access the liquidity needed to support their operations.
The equipment refinance process with Origin Finance is straightforward and streamlined to provide businesses with a hassle-free finance experience. Upon submitting an application for equipment refinance, our team will conduct a thorough assessment of your equipment, its current market value, and your finance needs. Once the evaluation is completed, we will present you with refinance options tailored to your business requirements, including loan amounts, repayment terms, and interest rates. Upon approval, the refinancing process will be initiated, and you will receive the agreed-upon funds to use as working capital for your business.
Yes, businesses have the option to refinance equipment that is currently under finance with another lender through Origin Finance's equipment refinance program. By refinancing existing finance agreements, businesses can potentially secure more favourable terms, lower interest rates, or access additional funding based on the equity in their equipment. Origin Finance specialises in helping businesses optimise their finance arrangements and transition existing equipment finance agreements to more competitive and flexible terms that better suit their financial objectives.
Origin Finance stands out as a preferred partner for equipment refinance due to our industry expertise, personalised service, and commitment to delivering tailored finance solutions that meet our clients' needs. With Origin Finance, businesses can benefit from competitive rates, flexible repayment options, quick approval processes, and dedicated support from our team of finance professionals. We understand the value of your equipment assets and work closely with you to unlock their potential through strategic refinance solutions that align with your business goals.
Origin Finance offers flexible loan terms for equipment refinance to accommodate the diverse needs of businesses. Loan terms may vary based on factors such as the type of equipment, loan amount, and business requirements. Businesses can choose from various repayment schedules, including fixed monthly payments, balloon payments, or customised terms to align with their cash flow and financial goals.
Origin Finance understands that businesses may face challenges with credit history and offers solutions for businesses with varying credit profiles. While credit history is considered during the loan evaluation process, businesses with less-than-perfect credit may still be eligible for equipment refinance. Our team assesses each application holistically, taking into account factors beyond credit scores to provide finance options that suit the unique circumstances of the business.
Origin Finance prioritises efficiency and timely funding for approved equipment refinance applications. Upon approval of the refinancing request and completion of the necessary documentation, businesses can typically expect to receive funding within a short timeframe. Our streamlined process aims to expedite the funding process, allowing businesses to access the working capital they need promptly to support their operational requirements.
Businesses have the flexibility to utilise the funds obtained through equipment refinance from Origin Finance for a wide range of purposes related to their operations and growth strategies. Whether businesses intend to invest in new equipment, expand their facilities, boost working capital, or pursue other business initiatives, the funds unlocked through equipment refinance can be tailored to suit the specific needs and objectives of the business.
Origin Finance's equipment refinance program distinguishes itself through its customer-centric approach, industry knowledge, and commitment to providing tailored finance solutions for businesses. Our team works closely with businesses to understand their equipment finance needs, develop customised refinancing packages, and offer ongoing support throughout the loan term. By choosing Origin Finance for equipment refinance, businesses can benefit from a partner that prioritises their success and provides strategic financial solutions to optimise their equipment assets and working capital.