New asset finance can be a game-changer for businesses looking to grow and expand their operations. Whether you're acquiring new technology, machinery, vehicles, or other business-critical equipment, understanding the rates and costs involved in new asset finance can help you make the most informed decisions.
Interest rates are a key component of any finance agreement. These rates can vary greatly depending on the type of finance, the term length, the amount being financed, and the creditworthiness of the borrower. With our panel of 79 lenders at Red Fox Finance, we have access to a diverse range of interest rates and can work to match your business with the most suitable lender offering competitive rates.
Get A Quote
We operate on a transparent model, charging only a monthly fee for our services. With us, you can be confident that there are no additional or hidden fees. We value your trust and aim to offer a straightforward financial partnership, allowing you to concentrate on the growth of your business without any unwelcome surprises.
Depending on the type of assets you're financing, you may need to consider the cost of insurance. This insurance is usually a requirement by lenders to protect the value of the assets until the loan is fully repaid.
While not a direct cost of the loan, the depreciation of your new assets and the ongoing maintenance costs should be factored into your overall budget. Some equipment might require regular maintenance or may depreciate quickly, which could affect your return on investment.
New asset finance can be an effective way to support your business growth, but understanding the potential costs and rates involved is crucial. At Red Fox Finance, we pride ourselves on our transparency and dedication to finding the best financial solutions for our clients. We'll guide you through every aspect of the loan agreement, ensuring you're fully aware of the rates and costs involved in your new asset finance.
Get A Quote
Stay informed with the latest rates and costs vital for new asset finance. As you plan your application, understanding potential hurdles in new asset finance can better equip you for success. Dive deeper into what lenders look for to ensure your application is primed for approval. Have more questions? Our comprehensive FAQs on new asset finance can provide the clarity you seek.
Find out the best funding options for your business, enter your number and our team will call you back.
