Asset Refinance Rates 2026 — Updated October 2026
- Typical asset refinance rates
- c.6.5%–10% APRTypical asset refinance rates
- Typical completion
- 3–7 working daysTypical completion
- Asset age at end of term
- Up to 10 yearsAsset age at end of term
- Last updated
- October 2026Last updated
Asset refinance releases cash from equipment, vehicles or plant you own outright or have part-paid. In October 2026 typical rates run 6.5%–10% APR, depending on asset age, resale value and trading record.
What asset refinance costs: worked example
- Monthly payment
- £4,666 a month
- Total repaid
- £167,974
£150,000 released over 36 months at 7.5% APR
Quotes from 130+ lenders, same working day
The figures above are indicative and describe the best case. Send your own scenario and we will come back the same working day with terms from the lenders that actually fit it.
- Enquiry type
- Asset Finance
- About
- Asset Refinance Rates
No upfront fees on loans over £1m.
Enough detail to price it is the amount, the security, the purpose and how you plan to repay. The rest we can fill in on a call.
Whole of market · 130+ lenders · FCA 814533 · Same working day response
Rate context and outlook
Bank Rate is 3.75% after the 17 September hold. Variable business facilities (revolving credit, invoice finance) move only with Bank Rate.
Fixed-rate hire purchase and leases are funded against swap rates, so some funders may nudge fixed pricing up after the September swap move. Quotes are typically held for 30 days.
Reviewed by David Doulton, Director, Doulton Bridging Finance — over 20 years in property finance. Last reviewed 1 October 2026. Doulton Money Ltd t/a Doulton Bridging Finance, FCA No. 814533.
Frequently asked questions
Can I refinance assets still on finance?
Yes; the new funder settles the existing agreement and releases the equity.
How old can the assets be?
Typically up to 10 years at the end of the new term, depending on type.
How fast is asset refinance?
Often 3–7 working days.
Can a new business get finance?
Yes, though many funders want 1–2 years of trading or a larger deposit; directors' personal credit matters more for young businesses.
Is VAT charged on hire purchase?
On HP, VAT is paid upfront with the deposit and can usually be reclaimed; on leases it is added to each rental.
What is a balloon payment?
A larger final payment that lowers the monthly cost; you pay it, refinance it or return the asset, depending on the product.
Do I need to put down a deposit?
Usually 0%–20%, depending on the asset, its age and your trading history.
Where this applies
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Independent whole-of-market advice · FCA No. 814533