The asset finance process.
It’s simple. We’ll find you the right asset finance solution that works in your best interest.
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Asset finance is primarily tailored towards self-employed clients, small business owners, and contractors. In saying that, it’s still possible to get personal asset finance, and one of the most popular options is for buying cars.
Compared to traditional forms of finance, the benefits of asset finance can include avoiding depreciation, freeing up capital, improving cash flow and reducing upfront costs.
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Say hello
Get in touch to discuss your current financial situation and goals, in person or online.
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The shortlist
We’ll research our panel of banks and lenders to create a shortlist of asset finance solutions that suit you.
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Pre-approval
Once you’ve chosen a lender, we'll get you pre-approved.
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You go shopping
Time for you to decide on the equipment you need to run or expand your business.
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Secure the finance
We’ll complete all of the paper to work to secure finance from your lender.
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You're done!
The agreement is finalised, the asset purchased and you can begin to enjoy using it, without a large lump sum outlay.
Other things to consider: Balloon payments.
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What?
You choose to pay a larger sum of the loan value at the end of the loan term. The sum you pay is usually based on a fixed percentage of the total loan value.
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Why?
Reduce your repayments when you first start paying off the loan.
Consider how this will affect the amount of interest you pay over the life of the loan and the total amount that is left to pay at the end of your monthly repayment term. The remaining sum will need to be paid in full in one lump sum.
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How do I know if this is right for me?
We can help you understand whether this approach suits your needs and run through the considerations and benefits in more detail. Get in touch.
How will a balloon payment impact my repayments?
Compare how your monthly loan repayments will vary based on your balloon payment percentage.