Can you finance a it equipment?

Yes, it equipments are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £2,000 to £500,000, and most deals are written over 12–48 months with a deposit of around 10–20%. Decisions typically take 24 hours. Used machines are financeable too, usually with a shorter term.

IT Equipment Finance: Compare Rates from 200+ Lenders

Q: Can I finance refurbished IT equipment?

Yes, most lenders will finance refurbished IT equipment bought from a certified supplier, and rates are typically similar to those for new equipment when the purchase is made through an authorised refurbisher such as a certified Dell or HP partner. A lender will usually want to see the supplier's invoice itemising each piece of equipment with its own value, in the same way as for a new order, along with details of any warranty the refurbisher provides. Mixing refurbished and new equipment on the same order, for example refurbished laptops alongside a new server, is common and can usually be financed as one agreement rather than two.

Q: What deposit do I need?

For hire purchase, most lenders ask for a deposit of 10 to 20% of the equipment's price, while finance leases and operating leases often require no deposit at all, which is one reason leasing is popular for IT equipment specifically. A larger deposit than the minimum will reduce the monthly payment, though many businesses financing IT equipment prefer to keep cash free and choose a no-deposit lease instead, particularly when refreshing a whole office estate rather than buying a single machine. It's worth comparing the total cost across HP and lease options with different deposit levels before deciding which suits your cash flow.

Q: Is leasing or buying better for IT?

Leasing is often preferred for IT equipment because technology depreciates quickly, and an operating lease lets you refresh hardware every 2 to 3 years while always running current equipment, with the cost treated as an operating expense rather than tying up cash in an asset that will need replacing again regardless of how well it's cared for. Buying through hire purchase suits a business that wants to own the equipment outright and isn't concerned about refreshing it on a fixed cycle, for example networking kit that's expected to stay in service for longer than laptops or servers. The right choice depends on how quickly your business expects to need to upgrade the specific equipment involved.

Q: How quickly can I get IT equipment finance?

Most IT equipment finance applications are approved within 24 hours, and for deals under £30,000, a same-day decision is very common. Larger orders, such as equipping a whole new office or refreshing a fleet of laptops and servers together, may take a little longer to approve simply because the lender is reviewing a bigger, more varied order rather than a single item. Having an itemised supplier quote ready, covering everything from laptops to networking kit, helps the lender assess the full order quickly rather than asking for further detail partway through the application.

Q: Can a new business get IT equipment finance?

Yes, a newly set up business can still get finance for IT equipment, though a business trading for under two years is more likely to be asked for a personal guarantee from a director, or a slightly higher deposit than an established company would need to put down. Lenders will look at the itemised supplier quote and, where available, any contracts or client relationships that give visibility of income even without several years of trading accounts behind you. Because IT equipment is one of the first purchases many new businesses make, lenders in this space are generally used to assessing applications from companies without a long trading history.

Q: Can installation and network setup be included in IT equipment finance?

Yes, most lenders will finance a bundle covering the hardware itself alongside installation, configuration and network cabling, as one agreement rather than separate finance for the equipment and the setup work, provided each element is itemised on the supplier's invoice. This is common when a business is fitting out a new office or moving premises, since the supplier's quote for the whole job, servers, switches, cabling and configuration, is usually priced as one project rather than itemised equipment alone. Financing the full project cost this way means the monthly payment reflects what you're actually spending to get the office fully working, not just the hardware boxes themselves.

Typical Cost

£2k – £500k

Approval Speed

24 hours

Same-day for < £30k

Rates From

5.0% APR

What would a it equipment cost per month?

IT Equipment price (ex VAT) £35,000

Deposit 10%

Agreement term 60 months

Annual interest rate 9%

Balloon payment £0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical it equipment price. Indicative only, not a quote.

Finance options

Hire Purchase (HP)

Rate: From 5.5% APR
Term: 12–48 months
Deposit: 10–20%
Ownership: Yours at the end
Best for: Businesses wanting to own IT assets outright

Finance Lease

Rate: From 5.0% APR
Term: 12–48 months
Deposit: None required
Ownership: Return or buy (balloon payment)
Best for: Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate: From 5.8% APR
Term: 24–36 months
Deposit: None required
Ownership: Return at end
Best for: Refresh tech every 2–3 years. Off balance sheet.

Representative example

On a purchase price of £35,000: a 10% deposit of £3,500, then 48 monthly payments of £738 at 5.9% APR representative (fixed). Total amount payable £38,924, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification	Guide price	Type
Dell PowerEdge R760 Server	£8,000 – £25,000	Rack Server
Apple MacBook Pro 16" (x10)	£25,000 – £40,000	Laptop Fleet
Cisco Catalyst 9300 Switch	£4,000 – £8,000	Network Switch
HP LaserJet Enterprise MFP	£3,000 – £8,000	Enterprise Printer

Tax benefits

IT equipment qualifies for Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in year one. HP allows capital allowances. Lease payments are fully deductible. Operating leases are popular for IT due to rapid depreciation.

Market context

IT equipment, laptops, servers, networking and office computing kit, is bought by every kind of business, but finance is used most by growing companies equipping new starters or refreshing a whole office estate rather than buying one machine at a time. Leasing suits IT particularly well because it keeps the business on current hardware and avoids a lump sum tied up in equipment that will need replacing again within a few years regardless of care. Replacement is driven by software and performance requirements outpacing older hardware, and by warranty periods ending, rather than equipment actually breaking. The used market is active for lower-spec kit but limited for anything specialist.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

Frequently asked questions

Can I finance refurbished IT equipment?

Yes, most lenders will finance refurbished IT equipment bought from a certified supplier, and rates are typically similar to those for new equipment when the purchase is made through an authorised refurbisher such as a certified Dell or HP partner. A lender will usually want to see the supplier's invoice itemising each piece of equipment with its own value, in the same way as for a new order, along with details of any warranty the refurbisher provides. Mixing refurbished and new equipment on the same order, for example refurbished laptops alongside a new server, is common and can usually be financed as one agreement rather than two.

What deposit do I need?

For hire purchase, most lenders ask for a deposit of 10 to 20% of the equipment's price, while finance leases and operating leases often require no deposit at all, which is one reason leasing is popular for IT equipment specifically. A larger deposit than the minimum will reduce the monthly payment, though many businesses financing IT equipment prefer to keep cash free and choose a no-deposit lease instead, particularly when refreshing a whole office estate rather than buying a single machine. It's worth comparing the total cost across HP and lease options with different deposit levels before deciding which suits your cash flow.

Is leasing or buying better for IT?

Leasing is often preferred for IT equipment because technology depreciates quickly, and an operating lease lets you refresh hardware every 2 to 3 years while always running current equipment, with the cost treated as an operating expense rather than tying up cash in an asset that will need replacing again regardless of how well it's cared for. Buying through hire purchase suits a business that wants to own the equipment outright and isn't concerned about refreshing it on a fixed cycle, for example networking kit that's expected to stay in service for longer than laptops or servers. The right choice depends on how quickly your business expects to need to upgrade the specific equipment involved.

How quickly can I get IT equipment finance?

Most IT equipment finance applications are approved within 24 hours, and for deals under £30,000, a same-day decision is very common. Larger orders, such as equipping a whole new office or refreshing a fleet of laptops and servers together, may take a little longer to approve simply because the lender is reviewing a bigger, more varied order rather than a single item. Having an itemised supplier quote ready, covering everything from laptops to networking kit, helps the lender assess the full order quickly rather than asking for further detail partway through the application.

Can a new business get IT equipment finance?

Yes, a newly set up business can still get finance for IT equipment, though a business trading for under two years is more likely to be asked for a personal guarantee from a director, or a slightly higher deposit than an established company would need to put down. Lenders will look at the itemised supplier quote and, where available, any contracts or client relationships that give visibility of income even without several years of trading accounts behind you. Because IT equipment is one of the first purchases many new businesses make, lenders in this space are generally used to assessing applications from companies without a long trading history.

Can installation and network setup be included in IT equipment finance?

Yes, most lenders will finance a bundle covering the hardware itself alongside installation, configuration and network cabling, as one agreement rather than separate finance for the equipment and the setup work, provided each element is itemised on the supplier's invoice. This is common when a business is fitting out a new office or moving premises, since the supplier's quote for the whole job, servers, switches, cabling and configuration, is usually priced as one project rather than itemised equipment alone. Financing the full project cost this way means the monthly payment reflects what you're actually spending to get the office fully working, not just the hardware boxes themselves.

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IT Equipment Finance