February saw growth in the asset finance market

Recent reports show that asset finance business rose in 2025.  

It was announced by the Finance & Leasing Association (FLA) that new business in the asset finance industry, specifically in facilities such as finance leasing and hire purchase, saw a YoY growth of 1% in comparison to February 2024. As well as this, YoY growth for January and February combined was 2%.  

Industries seeing growth include plant and machinery (2%), IT equipment (35%) and Aircraft, ships and rolling stock (144%).  

New business in the 12 months leading up to January 2025 also saw a 3% increase in comparison to the year previous.  

Benefits of finance lease 

• Minimal cost upfront 
• Fixed regular payments 
• 50% of VAT can be reclaimed 
• 100% of VAT for maintenance can be reclaimed 
• Choice to retain use of the asset at the end of the facility term 
• Additional lines of finance may not affect core banking arrangements 

Benefits of hire purchase 

• A useful agreement if you can’t afford to make a big payment upfront 
• Flexible payments are an option to reduce your monthly payments by paying a larger deposit or a large sum at the end of the agreement 
• At the end of the contract, you will own the asset 
• You can defer the VAT for 3 months with HP 
• Fixed rate loan so interest rates tend to be low 
• A facility can be structured to suit your budgeting plans 

Apply for asset finance with MAF Finance Group 

MAF Finance Group can compare offerings from a wide panel of funders to find the options that suits your business best. 

To get a quote or if you need further information, fill in the form below. If you want to speak to someone directly, call us on 0115 958 6872. Alternatively, email us at [email protected].