Ignition Credit - The Equipment Finance Specialist

Igntion Credit, part of the STAR Asset Finance Group, is one of the UK’s leading Business Finance providers, offering a comprehensive range of competitive finance rates and terms.

Finance example over 3 years (excluding VAT)
Your monthly payment:
Total repayment:

1 month payable in advance followed by 35 monthly payments

Finance example over 4 years (excluding VAT)
Your monthly payment:
Total repayment:

1 month payable in advance followed by 47 monthly payments

Finance example over 5 years (excluding VAT)
Your monthly payment:
Total repayment:

1 month payable in advance followed by 59 monthly payments

For all other business types and enquiries, please contact Callum Thompson on 01872 247200.

  1. For public sector enquiries or for an accurate quotation, please contact us directly on 01872 247200.
  2. The rental price indicated is for general guidance and is subject to affordability checks.
  3. Business Customers only.

*Estimated price shown excludes VAT and is based on business trading more than 3 years. Actual quotations are subject to status and affordability checks . Terms and Conditions apply. Rates will vary depending on individual circumstances of your business, and these examples are for illustrative purposes only. Finance example quoted is a Business Hire Purchase. For tax and VAT advice please see your accountant. Documentation fees do apply.




Equipment finance is typically provided by way of a Leasing agreement or Hire Purchase facility. This enables you and your business to invest in vital equipment with the cost of the investment made more affordable through monthly or quarterly payments appropriate to the asset type and needs of your business.

What is a Finance Lease?

Essentially, Finance leasing enables the business to acquire the assets needed to maintain a business, without needing to buy the asset outright.

Benefits of Leasing:

  • Finance Leases offer flexibility in terms of length of agreement, rental repayment profile and end of lease options.
  • Unlike making an outright purchase, you will retain cash within your business.
  • Effective financial planning. The lease repayment profile gives you confidence in being able to budget for the lifetime of the asset.
  • Tax advantages
  • Using the latest assets will ensure you remain competitive by keeping your costs low
  • Fast turnaround times
  • Potential to carry on using the asset at the end of the lease period for a nominal payment, or you can look to upgrade the equipment with another lease.

Things to be mindful of:

  • The agreement is secured against the asset.
  • Non-payment could negatively affect the credit rating of the business and the guarantor.

What is a Hire Purchase?

Hire purchase is a form of finance that can be used to buy new or used equipment. You essentially hire the asset over the contract period and once the facility has been paid off, you are the legal owner of the asset.

Benefits of Hire Purchase:

  • Rather than one large sum, you can spread the cost over a 3 to 5 year period.
  • Makes larger more expensive assets more affordable to the business.
  • Flexibility, you can choose a fixed term and deposit that suits you.
  • As the hire purchaser, you’ll own the asset after paying the option to purchase fee.
  • There are usually no taxes charges on Hire Purchase agreements.
  • Hire Purchase can be paid off early, depending on the customer.

Things to be mindful of:

  • Asset depreciation.
  • Non-payment could negatively affect the credit rating of the business and the guarantor and could result in the asset being re-possessed.

Ignition Credit PLC works with a panel of finance lenders to find a potentially suitable arrangement for you. Sometimes we act as the lender ourselves. We will discuss this option with you if relevant. Once we have found a potentially suitable arrangement, we will present the lender’s agreement to you which we believe achieves the appropriate customer outcome for you based on the information you have provided us with.


It is important that you read the whole document carefully. We will discuss the agreement with you and will be happy to explain the terms of the agreement.


Ignition Credit PLC do not charge you a fee for our brokering service, whichever lender we introduce you to, we will receive commission from. Different lenders pay different commission amounts based on different commission models and different interest amounts. For transparency we work with the following commission models: either a fixed fee or fixed rate of commission, a percentage of the amount you borrow or rate for risk (this is based on the risk profile of the proposal). Under some commission models that we operate under, the more that you pay to the lender the more that we may receive by way of commission.


Where Igniton Credit PLC are acting as the lender no external commission is received. We will always direct your proposal to the funder that offers the appropriate customer outcome, if you are wanting to understand the amount of commission payable or commission model, please contact us on 01675 469219.


Ignition Credit PLC are authorised and regulated by the Financial Conduct Authority, Firm Reference Number 679018.Ignition Credit PLC are an authorised Credit Broker and Lender. Ignition works with a panel of lenders.


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