Key Features And Benefits:

  • Refinance is a finance facility that provides a simple way to releasing equity in unencumbered assets or assets nearing the end of their original finance arrangements.  The result is a speedy cashflow boost to a customer’s working capital;
  • The customer invoices the sale of the assets at current market value (or slightly less) to the new finance company who then incepts a new finance agreement.  The customer receives the sale proceeds minus any residual finance that may still have been outstanding to the original funder;
  • It can also be a useful way of restructuring existing finance agreements to result in a lower monthly repayment whilst continuing to have the use of the assets;
  • The new finance agreement can be either Hire Purchase or Finance Lease, depending on the customer’s particular circumstances.  This is over a fixed period of time, usually up to a maximum of 5 years.

 

Please get in touch to learn how we can help you.

 

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