Are YOU making any of these?
We meet with many businesses and often notice that some businesses are at risk of falling into these bad habits when looking at asset finance needs…..
- Chasing the lowest monthly repayment without looking at the total cost
Low monthly payments can look attractive, but they usually mean a longer term and higher overall cost. Always compare the total repayable across different options. - Not clarifying fees and end-of-term conditions
Hidden charges (like documentation fees, annual admin fees or high final “balloon” payments) can catch you out. Ask lenders to spell out all fees in writing before you sign. - Using asset finance for the wrong types of purchases
Asset finance works best for tangible assets with a clear resale value (vehicles, machinery, IT equipment). Using it for short-term or consumable costs (like marketing or stock) is a mismatch and can strain cashflow. - Failing to align repayment schedules with business cash flow
Seasonal businesses in particular can struggle if repayments don’t match income cycles. Many lenders will agree to structured or seasonal payments — but you need to request it upfront. - Not reviewing agreements as your business grows
An asset finance deal that suited you at the start may not be right 18 months later. Businesses often miss the chance to refinance or restructure deals for better terms once they’ve grown stronger.
Want to sense-check your options?
We’re happy to have a no-obligation chat about your specific situation — whether you’re planning ahead or just exploring ideas.
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