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Asset Finance

Need finance to buy assets for your business?
We can help.

Unlock your company’s potential with our Asset Finance packages

Does your business need to buy or upgrade equipment, or vehicles including commercials and cars, or expand its current operation? Allied Irish Bank (GB) has a range of Asset Finance solutions that can help you purchase assets in a cost-effective and tax-efficient way with repayments that work for you.

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  • Our Asset Finance packages give you flexibility in a range of assets that you can acquire to allow your business to expand and develop.
  • Flexible borrowing – agree a repayment term that suits you best, typically from two to five years. Payments are tailored to suit your cashflow requirements and align with the asset life.
  • Agreements are generally on a fixed rate of interest for the full term to make it easier to manage your cash flow, although we can agree a variable rate of interest.
  • Cost-effective – generally just a 10% deposit is required avoiding a substantial outlay for you to buy equipment, so your company’s working capital can be used elsewhere.
  • Competitive – we offer competitive terms and there are no hidden charges.
  • Purchasing – pre-sanctioned facilities allow you to negotiate the best deal on new or used vehicles or machinery

Hire Purchase

  • Offers your business a straightforward finance deal. Simply make your fixed rate repayments every month.
  • The item is treated as an asset on your business’s balance sheet.
  • With a hire purchase agreement, interest on payments may be off-set against taxable profits and capital allowances may be claimed. Your repayments are not subject to VAT which may be reclaimable by certain VAT registered businesses.
  • At the end of the agreed term you will own your asset if all repayments have been made.
  • Cars and commercial vehicles
  • HGVs and trailers
  • Buses and coaches
  • Plant and machinery
  • Construction equipment
  • Waste management equipment