IT Equipment Finance

Q: Can I finance refurbished IT equipment?

Yes. Most lenders finance refurbished equipment from certified suppliers. Rates are similar to new when purchased from authorised refurbishers like Dell or HP certified partners.

Q: What deposit do I need?

For hire purchase, most lenders ask for 10–20% deposit. Finance leases and operating leases often require no deposit. Larger deposits reduce monthly payments.

Q: Is leasing or buying better for IT?

Leasing is often preferred for IT because technology depreciates fast. An operating lease lets you refresh every 2–3 years, always using current tech, with the cost treated as an operating expense.

Q: How quickly can I get IT equipment finance?

Most applications are approved within 24 hours. For deals under £30k, same-day approval is very common.

Spread the cost of IT equipment from £2,000 to £500,000+ with flexible finance options. HP, lease, or refinance — compare rates from 40+ lenders.

Typical Cost

£2k – £500k

Approval Speed

24 hours

Same-day for < £30k

Rates From

From 5.0% APR

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

Borrow £35,000 over 48 months at 5.9% APR (fixed). Monthly repayment: ~£728. Total amount payable: ~£34,944. Rates depend on your circumstances.

Popular models

Model	Price Range	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

UK businesses spend £65bn annually on IT. The average UK company refreshes laptops every 3–4 years and servers every 5 years. Cloud and hybrid infrastructure is driving increased investment in edge computing and networking equipment.

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. Our eligibility check uses a soft search only — no impact on your credit score.

Frequently asked questions

Can I finance refurbished IT equipment?