Accelerate your business with a new a car, van, lorry, or machinery — without paying the full cost upfront. Instead, spread the cost and manage your cashflow with monthly payments.
You can take out asset finance with us through ING financial lease, which is similar to hire purchase.
Economic ownership and tax benefits
The asset immediately becomes your economic property. That means you can write it off as a business expense by claiming insurance, repairs, servicing costs, etc. on your tax return. As a result, you'll pay less tax.
Legally own the asset when it's paid off
At the end of the agreement, the asset will be paid off in full, and the asset will become your legal property as well.
"}},{"componentType":"highlight","richBody":{"value":"Before you make an application, see if your business meets the requirements.
"}},{"accordionList":[{"richBody":{"value":"To apply for asset finance from us, you must:
Please note: with the exception of private limited companies, none of the company's owners may have a BKR registration in their name.
The asset you want to finance must:
One of our specialists will be happy to discuss the requirements.
Terms and conditions
If you're taking out asset finance, it's good to know what you can expect. Take a look at our general terms and conditions for credit provision. These T&Cs apply to all ING customers. Other, more specific T&Cs might apply to your business. These will be outlined in your quote after we've approved your application.
"},"title":"Asset finance requirements"},{"richBody":{"value":"It's possible — if you've been self-employed for at least two years. Learn more about asset finance for freelancers.
"},"title":"Asset finance for freelancers"},{"richBody":{"value":"You'll need a quote or contract for the asset. Asset value over €250,000? We'll also need (consolidated) annual financial statements of the past two years.
"},"title":"Required paperwork"},{"richBody":{"value":"If you're taking out asset finance, it's good to know what to expect. Take a look at our general terms and conditions for credit provision. These T&Cs apply to all ING customers. Other, more specific T&Cs might apply to your business. These will be outlined in your quote after we've approved your application.
"},"title":"ING asset finance terms and conditions"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Apply for asset finance"},{"cards":[{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"svg","original":"https://assets.ing.com/m/1554f733b339d7ad/original/Login-Outline.svg","transformBaseUrl":"https://assets.ing.com/transform/fd40e630-1f1f-45a1-92f4-40fddf258917/Login-Outline","type":"image","width":32},"intro":"Apply in My ING Business.","link":{"url":"https://mijnzakelijk.ing.nl/banking/mobile/instant-lease?flow-step=start&EW=true"},"title":"ING customer?"},{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"altTextNL":"\"\"","extension":"svg","original":"https://assets.ing.com/m/3b1df0b0923bacd4/original/Functionalities-Filter_Outline.svg","transformBaseUrl":"https://assets.ing.com/transform/b42bcf7f-4ef3-4bb2-9cb8-1ff68f306559/Functionalities-Filter_Outline","type":"image","width":32},"intro":"Apply through our lease calculator.","link":{"url":"/zakelijk/financieren/lease/calculator"},"title":"Not a customer yet?"}],"componentType":"cards"},{"componentType":"sectionTitle","title":"What to keep in mind about asset finance"},{"accordionList":[{"richBody":{"value":"These are the most common risks associated with asset finance:
You might have trouble making your monthly payments in the future. You never know when you might experience financial setbacks, whether they're caused by a weakened economy or disappointing results. If you can't keep up your payments, we may refer you to our Special Asset Management department.
Your interest rate may change. Variable interest rates fluctuate based on market conditions. If market interest rates rise, so will your interest rate, and you'll end up paying more. If you went with a fixed interest rate and choose to extend your agreement, we'll determine a new interest rate. This may result in higher or lower monthly payments.
You might incur additional costs. Conditions that lead to additional costs may apply. Appraisal fees, for instance. These costs and fees are always outlined in your quote.
Your business may change, affecting your credit needs. If you'd like to apply for credit in the future, we'll always perform an affordability assessment. We’ll also check if your current financial obligations align with your company’s new situation.
Please note there are more risks than what's listed above.
"},"title":"Risk"},{"richBody":{"value":"Each agreement is tailored to your business. Your monthly payment is calculated based on:
The monthly payment consists of a repayment and interest.
If you're going green, you may be eligible for sustainability schemes. Under such a scheme, the purchase value of the asset — and therefore, your monthly payment — will be lower.
Find the current interest rates here.
"},"title":"How we determine your monthly payment"},{"richBody":{"value":"An example of what asset finance could look like.
Funding a new lorry
You need a new lorry to keep your business moving. You have your eye on one — it costs €100,000. You'd like to list it on your balance sheet, and own it at the end of the agreement.
You decide on a lease term of five years, and sign the asset finance contract. The annual interest rate is 4%.
Closing fee paid at the start
The closing free comprises 1% of the purchase value.
1% of €100,000 means the closing fee is €1,000.
You'll pay this fee at the start of the agreement.
Monthly payment: purchase value + accrued interest
Your monthly payment is based on annuity and is comprised of the initial purchase value and the accrued interest.
In the case of your new lorry and a lease agreement of €100,000 over 60 months, the fixed monthly payment is €1,841.65.
After paying it off in full, you'll become the owner of the lorry.
Early repayment charge
If you pay off your lorry early, you'll have to pay an early repayment charge. The amount is based on:
Asset finance (also called 'business lease' or 'financial lease') is similar to hire purchase. The asset immediately becomes your economic property, which means you can list it on your balance sheet. This may result in tax benefits. With asset finance, you're responsible for maintenance, insurance, and any damage. At the end of the agreement, once the cost of the asset and the interest is paid off, you'll own it outright.
With operational lease (sometimes called 'full operational lease'), you 'rent' an asset for your business for a specific period of time. At the end of the agreement, you can choose to return the asset or buy it. You won't be the economic owner of the asset.
Learn more about the differences between operational lease and financial lease.
"},"title":"Differences between asset finance and operational lease"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Other types of asset finance"},{"cards":[{"cardSize":"medium","cardType":"product","checkMarkList":["Net operational lease","For assets worth €1,000,000 and up"],"componentType":"productCard","image":{"extension":"jpg","original":"https://assets.ing.com/m/6f3fc81aeb81b134/original/ing-business-loan-car-1920.jpg","transformBaseUrl":"https://assets.ing.com/transform/39005315-b10e-44db-94cb-cbbae3f9bf1c/ing-business-loan-car-1920","type":"image","width":1920},"link":{"url":"/zakelijk/financieren/lease/operationele-lease"},"title":"Operational lease"},{"cardSize":"medium","cardType":"product","checkMarkList":["Sell an asset, lease it back","Quickly free up cash"],"componentType":"productCard","image":{"extension":"jpg","original":"https://assets.ing.com/m/68b7b8e38f236660/original/side-view-of-man-working-at-construction-site.JPG","transformBaseUrl":"https://assets.ing.com/transform/0e7bfce9-58cd-44ae-9620-53dfd96be3ab/side-view-of-man-working-at-construction-site","type":"image","width":1700},"link":{"url":"/zakelijk/financieren/lease/sale-and-leaseback"},"title":"Sale and leaseback"}],"componentType":"cards"},{"componentType":"sectionTitle","title":"Frequently asked questions about asset finance (business lease)"},{"accordionList":[{"richBody":{"value":"A wide range of vehicles, equipment and machinery! For instance:
Whether it's better to buy or lease depends! When you're on the fence, calculate the Total Cost of Ownership (TCO). This includes all costs that come with the asset during its lifecycle, such as:
What works best for you depends on your financial situation, projected asset usage, and your tolerance to risk. By calculating the TCO for both buying and leasing, you'll see which option is more cost-effective in the long run.
"},"title":"Buying VS leasing a business asset"},{"richBody":{"value":"Yes! Funding a used asset could impact the lease term and monthly payment. You can calculate your monthly payment here and request a quote. One of our specialists will be in touch within two working days. They'll let you know about your options and will also answer any questions.
"},"title":"Can I finance a used car, van, lorry, or machine?"}],"componentType":"accordion"}]},"freeHeaderZone":{"flexComponents":[{"cards":[{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"png","original":"https://assets.ing.com/m/54891f632b4e2a83/original/Calculator-large.png","transformBaseUrl":"https://assets.ing.com/transform/a4d7c995-6ddc-4679-9cd2-76b1b5a59e8a/Calculator-large","type":"image","width":1500},"intro":"No strings attached.","link":{"url":"https://www.ing.nl/zakelijk/financieren/lease/calculator"},"title":"Calculate monthly payment"},{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"svg","original":"https://assets.ing.com/m/218fdc52b7523324/original/Call-center-headset-woman-spot.svg","transformBaseUrl":"https://assets.ing.com/transform/8bf6f4df-09ab-4a06-bb04-bea527498888/Call-center-headset-woman-spot","type":"image","width":160},"intro":"In My ING Business.","link":{"url":"https://mijnzakelijk.ing.nl/banking/mobile/instant-lease?flow-step=start&EW=true"},"title":"Apply online"}],"componentType":"cards"}]},"hasMacro":false,"id":"f5cc3ef3-6dc9-4e07-89d9-595606d49d94","legalZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"🛈 We offer the English information on ING.nl as an additional service. This information was translated from Dutch, and in case of any inconsistency, the original Dutch text shall prevail.
"}}]},"localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Business loans and asset finance","url":"/en/business/loans-and-finance"}},"componentType":"categoryHeader","coreHeader":{"subtitle":"Spread the cost of cars, vans, lorries, or machinery for your business. Apply online.","title":"Asset finance (business lease)"}},"publishDate":"2026-04-13T16:52:29.700+02:00"}}