Best Business Loans for Construction / Guides / Plant and machinery finance for construction
Guide · reviewed 11 November 2026
Plant and machinery finance for construction
Answer in brief
Plant and machinery finance spreads the cost of construction equipment over one to five years or more, with the machine securing the deal. Hire purchase lets you own it at the end, and leasing lets you upgrade. If you already own plant outright, refinance can release cash from it.
Buy, lease or hire?
| Hire purchase | Lease | Short-term hire | |
|---|---|---|---|
| Ownership | Yours at the end | Lender's | Hire company's |
| Best for | Kit you use every week | Kit you'll upgrade | Kit you use occasionally |
| Cost | Lowest over a long life | Fixed rentals | Highest per day |
Used plant
Lenders finance used machines but may limit the age at the end of the term and want a valuation.
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