Yes, in many cases. Refinancing — sometimes called capital release or sale and hire purchase back — lets you raise funds against machinery or vehicles your business already owns. The lender buys the asset from you, pays you the agreed value, and you continue using it while repaying under a new agreement.
It is typically used to release cash tied up in equipment for working capital, tax bills, a new opportunity or to restructure existing borrowing. The asset normally needs to be owned outright, or the existing finance settled as part of the transaction. Lenders will want proof of ownership, a valuation and evidence that the asset is in good condition and properly maintained.
The amount you can raise is based on the lender’s view of the asset’s current value, not what you paid for it, so expect that figure to be lower than you might hope. Older equipment raises less and over a shorter term.
Be clear about the trade-off: you are converting an asset you own free and clear into a monthly liability, and the asset now secures that liability. If payments are missed, equipment you previously owned outright can be repossessed. Refinance for a purpose that will earn a return, not to fill a recurring hole in cash flow. Availability and terms depend on the lender’s assessment and your individual circumstances.
CW Asset Finance is an independent credit broker, not a lender. We are an Appointed Representative of Rural Finance Limited (FRN 630701), which is authorised and regulated by the Financial Conduct Authority, and a member of the NACFB. Finance is subject to status and lender approval. Assets financed are usually secured against the agreement and may be at risk if payments are not maintained.