New asset finance is a type of funding used by businesses to acquire new assets like machinery, vehicles, technology, and more without paying the full cost upfront.

You can finance a wide range of assets, including but not limited to machinery, vehicles, IT equipment, renewable energy infrastructure, manufacturing equipment, security systems, and more.

Interest rates can vary greatly depending on the type of finance, the term length, the amount being financed, and your creditworthiness. We work with a panel of 79 lenders, enabling us to offer competitive rates tailored to your circumstances.

At Red Fox Finance, we provide a variety of finance options for new assets, including leases, hire purchase agreements, chattel mortgages, and more. We match the best option to your business needs.

The application process can vary, but typically, it takes between a few days to a few weeks, depending on the complexity of the transaction and the level of due diligence required.

Typically, you will need to provide financial statements, proof of business ownership, tax returns, and details about the asset you wish to finance. This may vary depending on the lender.

While a good credit history can make it easier to secure finance, a poor credit history doesn't necessarily rule out the possibility. We work with a diverse range of lenders, some of whom specialise in working with businesses with less than perfect credit.

Potential fees can include origination fees, service or administration fees, early repayment fees, and possible insurance costs. We ensure all costs are transparent and known upfront.

This depends on the specific terms of your finance agreement. Some lenders may charge early repayment fees, so it's important to understand your agreement before making additional payments.

While new asset finance is typically used for new assets, it's possible to finance used equipment. The specifics will depend on the type of asset and its condition.

By enabling you to spread the cost of new assets over time, new asset finance can help preserve your working capital and improve cash flow management.

Yes, while financing can be more challenging for startups due to lack of trading history, we have lenders in our panel who specialise in startup financing.

Repayments can be structured in various ways, including monthly, quarterly, annually, or seasonally, depending on your cash flow needs.

This depends on the type of finance you choose. In some cases, such as hire purchase or chattel mortgage, you own the asset at the end of the term.

Some finance options may allow for asset upgrades during the term, but this would need to be discussed with the specific lender.

If you default on your repayments, the lender may repossess the financed asset. The specific consequences depend on the terms of your agreement.

This depends on the type of finance. For some agreements, you may own the asset outright, for others, you might need to pay a final balloon payment, or you could return the asset to the lender.

Yes, it's possible to finance multiple assets at once, depending on the lender and your financial situation.

Yes, at Red Fox Finance, we offer an easy online application process. However, we're also more than happy to assist you over the phone or in person.

Red Fox Finance offers a personalized, transparent service. With access to a wide panel of lenders, we can match you with the most suitable finance options for your business needs.