There are two ways to the machinery you need: asset finance or a business loan. Use our quick check to calculate your monthly payment for both asset finance and a business loan.
What's right for you — and what's most cost-effective — depends on the following.
"}},{"componentType":"accordion","accordionList":[{"title":"1. Your cash flow","richBody":{"value":"Enough cash reserves to pay the full upfront cost? You're better off with a loan.
Want to spread the cost and free up cash reserves with monthly payments? Asset finance is your best bet.
"}},{"title":"2. How well the asset ages","richBody":{"value":"Looking to buy long-term assets that will increase in value, like property or land? Go for a loan.
Or assets that will age quickly, or need a lot of maintenance? Asset finance is cheaper.
"}},{"title":"3. How long you'll need the asset","richBody":{"value":"Short-term use? Asset finance is the better option.
Long-term investment? Opt for a business loan.
"}}]},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Asset finance","intro":"See our T&Cs and calculate your monthly payment.","image":{"transformBaseUrl":"https://assets.ing.com/transform/d268b27f-be7a-432c-9b0a-c683c737721b/AutoSalon_BBRetail","type":"image","width":1080,"original":"https://assets.ing.com/m/6c70d0276ff84adf/original/AutoSalon_BBRetail.svg","extension":"svg"},"link":{"url":"/en/business/loans-and-finance/lease-and-asset-finance"},"promoText":"More information"},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Business loan","intro":"Check our T&Cs and calculate your monthly payment.","image":{"transformBaseUrl":"https://assets.ing.com/transform/3bc85267-5f21-4123-9318-4256f0d5b689/Mobiel-Bankieren-App","type":"image","width":160,"altTextNL":"Mobiel Bankieren App","original":"https://assets.ing.com/m/25fd5c157fba4665/original/Mobiel-Bankieren-App.svg","extension":"svg"},"link":{"url":"/en/business/loans-and-finance/business-loan"},"promoText":"More information"}]},{"componentType":"sectionTitle","title":"Tax benefits of leasing machinery or large goods vehicles"},{"componentType":"paragraph","richBody":{"value":"Asset finance is a cost-effective option to fund all sorts of machinery or vehicles. With ING financial lease, you won't have to pay the full upfront cost — you'll spread it instead. You'll also become the asset's economic owner. Economic ownership means you can write the asset off as a business expense by claiming insurance, repairs, servicing costs, etc. on your tax return. At the end of the agreement, the asset will be paid off in full, and you'll become its owner outright.
"}},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"The benefits of asset finance","intro":"Why many entrepreneurs choose to fund their machinery.","image":{"transformBaseUrl":"https://assets.ing.com/transform/f16c8448-d470-4e54-96d7-815832f936b6/Man-skeptical-finger-spot","type":"image","width":160,"original":"https://assets.ing.com/m/43201c83e7b5bd2/original/Man-skeptical-finger-spot.svg","extension":"svg"},"link":{"url":"/zakelijk/financieren/lease/3-redenen-om-te-kiezen-voor-lease"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Tax benefits","intro":"Find out about sustainable purchase schemes and potential tax benefits.","image":{"transformBaseUrl":"https://assets.ing.com/transform/0982e592-5068-43ec-b170-0e7c47e2dc0d/Coins-stacked-2-spot","type":"image","width":160,"original":"https://assets.ing.com/m/17c26fe208eb1563/original/Coins-stacked-2-spot.svg","extension":"svg"},"link":{"url":"/zakelijk/financieren/lease/aanschafsubsidies"}}]},{"componentType":"sectionTitle","title":"What sort of machinery can I finance?"},{"componentType":"paragraph","richBody":{"value":"Many types of new or used machinery! Such as:
"}},{"componentType":"paragraph","richBody":{"value":""},"alignedImage":{"original":"https://assets.ing.com/m/7a023106c80e294a/original/lorry.svg","extension":"svg"}},{"componentType":"sectionTitle","title":"The way to your new machinery"},{"componentType":"applicationProcess","steps":{"stepList":[{"title":"Calculate your monthly payment","body":"Do the quick check and find out in less than one minute.","textLink":{"url":"/en/business/loans-and-finance/calculation","text":"ING quick check"}},{"title":"Apply online","body":"It only takes five minutes. And you probably won't need to submit any paperwork."},{"title":"Receive a quote","body":"You'll either receive a quote from us right away, or we'll contact you within two working days. The quote is non-binding."},{"title":"Sign and receive the money","body":"We'll transfer the finance amount as soon as you've signed the legal documents online. You'll have the money within two working days."}]}},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Already a customer?","intro":"Apply in My ING Business.","image":{"transformBaseUrl":"https://assets.ing.com/transform/3e67fcbd-690b-4df7-aa1a-5c06ea90e2f3/Login_outline_orange_RGB","type":"image","width":267,"original":"https://assets.ing.com/m/7aad0a5426549549/original/Login_outline_orange_RGB.png","extension":"png"},"link":{"url":"https://mijnzakelijk.ing.nl/banking/mobile/instant-lease?flow-step=start&EW=true"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Not an ING customer?","intro":"You can still apply! Make an application through our lease calculator.","image":{"transformBaseUrl":"https://assets.ing.com/transform/b42bcf7f-4ef3-4bb2-9cb8-1ff68f306559/Functionalities-Filter_Outline","type":"image","width":32,"altTextNL":"\"\"","original":"https://assets.ing.com/m/3b1df0b0923bacd4/original/Functionalities-Filter_Outline.svg","extension":"svg"},"link":{"url":"/zakelijk/financieren/lease/calculator"}}]},{"componentType":"sectionTitle","title":"Frequently asked questions about business asset finance"},{"componentType":"accordion","accordionList":[{"title":"Can my business apply for asset finance?","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 criteria.
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":"Can I finance used machinery or vehicles?","richBody":{"value":"Absolutely. Calculate your monthly payment here and request a quote. One of our specialists will be in touch within two working days. They'd also be happy to answer any questions about the lease term or monthly payment.
"}},{"title":"What paperwork do I need?","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 2 years.
"}},{"title":"What are the tax benefits to financing my assets?","richBody":{"value":"With asset finance, business assets are listed as economic ownership on your balance sheet. You might be entitled to investment tax deductions. This means you could partially or fully deduct the purchase value from your turnover in your income tax return. You'll pay less tax as a result. You can also depreciate the asset value, which helps reduce your taxable profits.
Going electric? You might be eligible for a sustainable purchase scheme.
"}},{"title":"What's the difference between operational lease and financial lease?","richBody":{"value":"With 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. Operational lease is available for assets worth €1,000,000 and up.
Financial lease is similar to hire purchase. The asset immediately becomes your economic property. At the end of the agreement, once the cost of the asset and the interest is paid off, you'll own it outright.
Learn more about the differences between operational lease and financial lease.
"}},{"title":"What do economic ownership and legal ownership entail?","richBody":{"value":"
Economic ownership
When you're the economic owner of an asset, it's listed on your company's balance sheet and considered company property. You're in full control of the asset, which means it's up to you where and when to have it serviced. With a financial lease, you're the economic owner, but not the legal owner.
Legal ownership
The bank is the legal owner of the asset for the length of the agreement — until the asset is fully paid off. If you're unable to make the monthly payments, the asset is considered collatoral, and the bank will have the right to repossess it.
"}}]}]},"complementaryZone":{"flexComponents":[{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"ING asset finance terms and conditions","intro":"View all T&Cs.","image":{"transformBaseUrl":"https://assets.ing.com/transform/c1b71b0e-ed3c-4f85-bd53-bb21a8a24e0b/View-of-construction-site","type":"image","width":4517,"altTextEN":"\"\"","altTextNL":"\"\"","altTextFR":"\"\"","altTextDE":"\"\"","original":"https://assets.ing.com/m/43ec828c883a7345/original/View-of-construction-site.jpg","extension":"jpg"},"link":{"url":"/en/business/loans-and-finance/lease-and-asset-finance"}},{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"All asset finance options","intro":"Explore all the ways to fund your business purchase.","image":{"transformBaseUrl":"https://assets.ing.com/transform/d130b0d7-8469-4d07-a67a-43b4b4e281a1/Overhead-view-of-a-person-standing-at-the-cash-register-with-a-notepad-and-a-phone-with-the-ING-mobile-app-open-on-the-screen","type":"image","width":5616,"original":"https://assets.ing.com/m/31673aaf98e90c3c/original/Overhead-view-of-a-person-standing-at-the-cash-register-with-a-notepad-and-a-phone-with-the-ING-mobile-app-open-on-the-screen.jpg","extension":"jpg"},"link":{"url":"/en/business/loans-and-finance"}}]}]}}}