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Asset Finance

Asset finance is a business finance tool used to either buy equipment your business needs or to raise cash from assets you already own. Asset finance is great for businesses who want to put their growth plans into action but recognise cash can be better utilised elsewhere in a business. Funding equipment means you can keep cash usable in your business rather than tied into an asset.

The funder buys the asset for the customer. At the end of the term and once all the payments have been made, title for the asset passes to the customer, who will then own the asset, unlike a lease. VAT is payable upfront or subject to approval, but can be deferred for up to 4 months, which is a great way of managing your cashflow.


✓ Simple product to achieve ownership.
✓ Tax advantages as you can reclaim the VAT.
✓ Plus you may be able to claim capital allowances and offset repayment interest against pre-tax profits.
✓ Seasonal & staged payments available to help structure deals to match you cash flow.

The funder buys the asset you need, and rents it to you on a lease. At the end of the term you can continue to use the asset for a reduced rental, sell the asset and keep a proportion of the sale value or return it to the funder.


✓ Low upfront cost as the VAT is payable over the term
✓ Tax efficient as rentals can be offset against pre-tax profits.
✓ VAT can be claimed back on monthly rentals.
✓ Off balance sheet funding

Much like a Finance Lease, an Operating Lease allows you to rent the asset from the funder. The difference being you pay a reduced rental as you only rent the asset for some of its useful life. The funder agrees to a residual value for what the asset will be worth at the end of the agreement. Your rentals are based on the cost difference between that and the purchase price. You can at the end of the term, rent, purchase or return the asset.


✓ Off balance sheet funding
✓ Reduce rentals
✓ Low initial cost outlay

Some of the
Industries we cover






Vehicle Rental


The Process

  1. Step 1


    We quote the customer giving you an indicative idea of pricing. Each quote is subject to approval.

  2. Step 2


    We collect all the data from your business and the supplier to submit the deal to the funder.

  3. Step 3


    Decisions are typically given within 48 hours providing all the information required has been submitted.

  4. Step 4

    Terms Agreed

    Should we manage to gain an acceptance for your deal we will provide confirmed terms. You can then decide if you wish to proceed.

  5. Step 5


    We raise an invoice from you or the supplier for your equipment so it can be paid for.

  6. Step 6

    Document Signing

    We complete all documentation with you, talking you through the contracts you are signing.

  7. Step 7


    Funds are released to you or the supplier for your asset.


Charmaine McEwanCharmaine McEwan
14:08 14 Jun 23
We can not thank Ruth enough for everything she has done for our company the time Ruth has spent with us finding the right finance for us and is always at the end of the phone to answer any questions our experience with Ruth has always been straightforward and very quick and professional we wouldn’t use anyone else for all our company’s finance needs. Charmaine
Cheryl PughCheryl Pugh
13:27 14 Jun 23
Amica Finance have completed on numerous purchases for us and each time, they have talked through all options and always sought the very best deals. We will continue to use for future purchases.
17:58 20 Apr 23
Great service from Ruth at Amica. She helped me get the finance for my new van this week which I urgently needed before the weekend. Ruth said no problem, and to her word had the finance sorted at a great rate and paid to the dealer within in couple of days. Very happy with the service and will be using Amica again to finance van purchases and equipment. Thanks Ruth.
Jason BaughanJason Baughan
14:55 01 Dec 22
We at A&C Maintenance have used Amica for the purchase of our new machine and they have been excellent throughout. They kept us well informed and sorted out the finance quickly and efficiently for us. We will be purchasing further machinery next year and will definitely use this company again. Many thanks again to Ruth and the team.
hazell nixonhazell nixon
14:08 29 Nov 22
Very quick & friendly service, process was quick. Jon and the team kept me updated and explained the process excellently. Very happy and a great service from start to finish!I definitely recommend
Deborah MaddoxDeborah Maddox
09:14 01 Sep 22
Excellent service provided for assisting with arranging the finance for purchasing our new car and obtaining a great deal on the finance. Kept informed during the process from start to finish. Would highly recommend
David GatesDavid Gates
13:30 26 Aug 22
Great people to deal with, the trailer was exactly as described when I went to view it. Easy transaction and all the paperwork needed was supplied. Will definitely deal with Jon and George again
Charlotte Anne StormCharlotte Anne Storm
06:59 05 Aug 22
I cannot recommend Amica enough! 5 star service from a 5 star team! You can tell the customer is important to them and they pride themselves on getting you what you want and need, within your budget and time frame.I dealt with Ruth & her team and let me tell you, what a treat! They took most of my information from the company I was financing the product from, called me to check a few details (only once, they were thorough and made sure they knew everything they needed before there call), I then got a few options for my terms etc on email, I read them, picked one and then next thing I knew I had my new equipment on the way! I've worked in finance & I have several finance agreements and I have to say this was the most seamless, stress-free, professional, friendly experience I've ever had! Will definitely be back when I need my next item.Ruth followed up with a call about 2 weeks after my equipment had arrived to make sure everything had gone smoothly with the other company and we were still happy. (before our deadline to change our mind) & the team sent us cake as a thank you!CharMacc Scrap Metals.
Sarah MarshallSarah Marshall
05:23 15 May 22
Ruth couldn’t do enough for us. She made the full process simple and easy. Great communication and nothing was too much. We even received a little gift in the post after purchase was complete! Would 100% recommend!
Cameron McErleanCameron McErlean
17:05 22 Apr 22
Amica Finance was recommended to me by Leisure Displays Ltd and I’m definitely glad i took their advice. Matt Coxon was great from the start. Every question was answered quickly and clearly. The whole process could not have been easier and from talking to Matt to picking up my new car has taken just 1 week. Very impressed. Thanks