Asset Finance Quote

Getting an Asset Finance Quote

An Asset Finance Quote normally comes shortly after you go down the path of looking at Asset Finance.

Whether you get you quote from a bank, broker or you get your quote from an independent organisation there’s a few basic steps you should take.

1. Get more than one quote.  We would recommend getting a quote from at least three separate organisations.

2. Not only should you get your Asset finance quote from three separate oganisations but we’d also recommend that you try and get three different types of organisations.  A bank, a broker, and an independent.

3. Once you’ve got your quotes, play them off against each other.  Most companies don’t have much leeway, but even a small percentage decrease in the rate can make a huge difference over the lifetime of the finance. You wouldn’t be looking for an asset finance quote if you all the money you need now would you?

4. Take you time.  Don’t accept the first offer.  Read the quote again.  Think it over. 

5. As with all legal document check the fine print. Make sure you go through your quote with a fine toothcomb.  Then get someone else to look it over as well.

6. Just as you’re about to sign, ask one last time “Is this the best you can do.” Brokers especially are mainly after their fee and are most vulnerable at the point of signature, so grab them when it hurts them the most.

Finally, remember, it’s your business, if you’re entirely happy then bring up your concerns with who ever gave you the asset finance quote in the first place.