The invention discloses an ultrasonic-vibration surface-enhanced and finishing processing device with electric-contact heating assistance. The ultrasonic-vibration surface-enhanced and finishing processing device comprises an electric brush, a main shaft, a guide line, an arc-extinguishing device, a power supply, an ultrasonic-vibration generation device, a workpiece and a chuck, wherein a knife head of the ultrasonic generation device, the power supply, the arc-extinguishing device, the electric brush sheathed on the main shaft, the main shaft, the chuck and the workpiece are connected in sequence and in series to form a conducting loop; current generated in the conducting loop is utilized to enable a material of the contact part between the surface of the workpiece and the knife head to generate joule heat for instantaneous warming and softening, and by combination of ultrasonic vibration, finishing processing, surface enhancement, fine-grain enhancement and residual stress elimination are realized. The invention also discloses an ultrasonic-vibration surface-enhanced and finishing processing method with the electric-contact heating assistance utilizing the device. The ultrasonic-vibration surface-enhanced and finishing processing device and method disclosed by the invention have the advantages that the structure is simple, the precise finishing processing and surface enhancement of various conducting materials can be realized, the quality of the processed surface can be improved, the surface roughness is reduced, the surface residual stress can be eliminated, and the ultrasonic vibration also can play a role in enhancing fine grains of the material of the surface of the workpiece.