T&Cs will apply, subject to status and affordability. Any asset used as security may be at risk if you do not repay any debt secured on it.<\/b><\/p>\n<\/section>\n<\/article>\n
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Refinance is a finance facility which provides a simple way of 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\u2019s working capital.<\/p>\n
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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 and the customer receives the sale proceeds less any residual finance that may have still been outstanding to the original funder.<\/p>\n
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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.<\/p>\n
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The new finance agreement can be either Hire Purchase or Finance Lease, depending on the customer\u2019s circumstances, over a fixed period of time, usually a maximum of 5 years.<\/p>\n
<\/p>\n T&Cs will apply, subject to status and affordability. Any asset used as security may be at risk if you do not repay any debt secured on it.<\/b><\/p>\n<\/section>\n<\/article>\n <\/p>\n