Question 1

What is Asset Finance?

Accepted Answer

In Short, asset finance is exactly as it sounds, financing a piece of equipment that is key to your business, saving you the cost of buying it outright.
This helps preserve your cash flow for things such as staff wages and at the same time, you are generating income with your new asset whilst paying for it.

Question 2

Why use Asset Finance?

Accepted Answer

Using asset finance helps you purchase new equipment for your business without using up cash by paying for equipment outright. Once your finance is in place you can begin to use your new piece of equipment straight away, letting it pay for itself in the process.
If you need to upgrade equipment it can be replaced straight away when you need it using finance rather than taking time to save and pay for new equipment.

Question 3

What can be financed?

Accepted Answer

Most assets, be it a traditional ‘hard’ asset such as machinery, tractors, forklifts and vans, to ‘soft’ assets such as IT software, office supplies, furniture and installation.
We’re able to finance assets in almost any industry, not just the ones listed on this site, so whatever asset you are looking to purchase to move your business forward just contact us and we’ll be happy to help.

Question 4

Isn’t it cheaper just to go direct to a lender?

Accepted Answer

At AGF Finance we have great connections with a number of lenders and due to the volume of business, we can acquire the most competitive rates on the market for our customers. Also, by working with AGF Finance to arrange your finance for you, we do all the legwork.

Question 5

What finance products do we offer?

Accepted Answer

At AGF Finance we work with several funders that can offer a range of finance facilities for your business including Hire Purchase, Finance Lease, Operating Lease, Loan, Contract Hire, Sale & HP Back

Question 6

What if we are one of many suppliers?

Accepted Answer

It’s common that on major projects you may be one of many suppliers involved. The customer may ultimately take on several different agreements some involving several suppliers, taking into account financial amounts, timescales and your terms.

Question 7

How do we get the finance in place?

Accepted Answer

Once we have spoken to the client and collected the information, dependent on the customers profile, type of equipment involved, particular requirements, we submit to one, perhaps two of a pool of funders we work with for an approval. Once approval is gained, the paperwork generated, we visit the customer for signature.

What we get asked the most!