Asset Finance
Spread the cost of big business buys
Our Asset Finance options
Hire Purchase
Purchase a new business asset and spread the cost
- Low initial deposit and flexible payment plans
- No VAT on repayments
- Own the asset on the agreement maturing and payment of the Option to Purchase Fee
Finance Lease
Rent a new asset to support your business
- Flexible payment plans
- Receive some proceeds from the asset sale at the end of the term
Why choose us?
- We can offer one-off funding for a new asset, right through to much larger, complex purchases.
- Our team of experts can also help your business become future-fit by funding assets that will help to reduce your carbon footprint, for example electric vehicles.
- Fees and charges will depend on individual circumstances. Terms and conditions apply.
What assets can I finance?
Here are just some of the assets we can help you finance:
- Light Commercial Vehicles
- Heavy Good Vehicles & Trailers
- Bus & Coach
- Construction
- Agricultural & Forestry
- Industrial Machine tools
- Materials handling & Lifting
- Manufacturing Lines
- Print & Packaging machinery
- Port & airside handling
- Rail maintenance
- Waste & Recycling
Personal guarantees, security and fees
To lend your business money, we may need a personal guarantee from you or someone else. Or security from your business or a guarantor. We may not be able to lend to your business without it.
Your business and guarantor should get legal advice before providing a guarantee or security. If your business breaks its borrowing agreement, your assets will be at risk. They may be sold to repay the business or guarantor’s debt. This includes property.
Security and guarantees reduce our lending risk. They remain in place until your business repays all its debt to us.
You can find out more about personal guarantees on the UK Finance website.
Arrangement and other fees may apply.
Get in touch
Find out how Asset Finance could benefit your business.
Just so you know...
- You may need to obtain consent for personal searches for each party associated with the business.
- We may ask you for a full credit assessment, you will need to provide financial accounts, cashflow statements and or projections as part of your application.
- We may ask you for a personal statement of assets and liabilities.
- We may need a personal guarantee from you or someone else. Or security from your business or a guarantor.
- Enquires will be responded to within 7 days.
And remember...
All Asset Finance loans are subject to status and eligibility
Enquire about Business LendingFancy a chat?
If you'd like to find out what we can do for you, just give us a call.
Call us on
0800 032 3971
Opening times
Monday to Friday, 8am to 6pm
FCA motor finance redress scheme
On 30 March 2026, the Financial Conduct Authority (FCA) published details of a proposed motor finance redress scheme.
How does the scheme apply to Virgin Money?
Virgin Money did not offer traditional motor finance products. Before 2012, Virgin Money provided asset finance under the Clydesdale Bank and Yorkshire Bank brands. In some cases, these agreements were introduced by brokers, and the broker was paid a commission for arranging them.
We stopped accepting asset finance business from brokers on 1 January 2012. We have not paid any broker commission on asset finance since then.
We’ve identified a small number of cases that fall into scope of the FCA scheme. But based on our review of our records, we have not identified any cases where compensation is due.
How to complain
If you took out an asset finance agreement with us through a broker after 7 April 2007, you can contact us. We’ll review your case in line with the FCA scheme requirements.
To qualify for the scheme, you do not need legal representation, or to use a claims management company.
Contact details
Email: customerrelations@virginmoney.com
Phone: 0800 121 4510
Monday to Saturday 7am to 9pm
Sunday 10am to 5pm
Call charges and information
Calls to 0800 numbers are free from UK landlines and personal mobile phones. Calls may be recorded for training and quality purposes.
Clydesdale Financial Services Limited
We’ve received enquiries relating to Clydesdale Financial Services Limited. Virgin Money has no connection with Clydesdale Financial Services Limited. If you held motor finance with Clydesdale Financial Services Limited, please contact Barclays Partner Finance.