FAQ

Frequently Asked Questions

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What should I do if I can't fill in all of the form?

While certain fields are compulsory, we appreciate that some aspects of your funding requirement will not have been resolved. In these instances follow the guidance of the 'i' box to figure out how best to move on.

If there are sections that you need to complete but cannot, then use the final screen ('any further details' section) to explain the answer that you have given.

If you are still having trouble - don't panic! Please just email your requirement to strangerequirement@equipmentfinance.com

What equipment can I finance?

Equipmentfinance.com can fund nearly all equipment. The main rules to equipment funding is that the equipment is moveable and identifiable - in other words it can be sold on.

However in the strange world that is asset finance, we could show you examples where we have funded everything from school central heating systems, to scaffolding polls, to buildings to fixtures and fittings - all of which may not be moveable, or identifiable, or both!

Basically the best advice is to give us the problem and let us see what we can do!

What terms do you offer?

Standard equipment finance terms are 3 - 5 years. However we can offer funding up to 7 years and less than 2, dependent upon your credit profile and the equipment involved.

I want to buy more than just the first piece of equipment I am looking at today

We can provide credit lines for your company that will assist with future growth and allow great planning going forward - please note this on your quotation request form and one of our equipmentfinance.com team will be in touch

Can I speak to someone if I prefer to do so?

We appreciate that for all the Internets' benefits, you sometimes cannot beat speaking to a real person.

Our contact centre is available Monday - Friday 8.30 am - 5.30 pm to handle any queries you have - telephone number 01244 527300.

Who do equipmentfinance.com deal with?

We deal with most of the equipment finance suppliers in the UK. Our parent company is currently the largest equipment finance broker - hence we use already well developed relationships to generate the best deals for our customers.

Why shouldn't I just approach a finance company directly?

In short - you won't get the best service and you are unlikely to get the best deal.

There are many equipment finance companies in the UK, all targeting different markets and with different rate structures. Knowing who does what and when is an art that has taken us many years to hone! While it is possible for you to find this out, the amount of effort it will take far outweighs any cost of using equipmentfinance.com instead!

In addition, due to the volumes that we write, we can obtain better direct rates and we also have many facilities that only deal through brokers like ourselves to minimise costs.

How does equipmentfinance.com make any money?

There are two ways that equipmentfinance.com generates income - firstly through a commission built into the deal that you sign up to or alternatively through a nominal fee payable directly from you upon drawdown of the funding.

It is important to note however that each finance company that we deal with offers the same commission terms - ensuring that we are independent in the choices that we are making when looking for the best equipment finance package.

Also any fee that you pay is payable once the deal is drawn down. We don't charge up-front fees as we believe that a client should pay only after they have achieved the result they require - ensuring that we have to prove our worth to your business before it costs you anything.

Will my credit record be affected?

No. We will only progress to undertaking any sort of credit search once you are happy to proceed on the terms that we obtain in principle.

I am already dealing with my bank - will this affect what they are doing?

We will more than likely deal with your bank already - but banks are big places and it's unlikely that we will deal with the same team that you are.

Either way we get to see what your bank to do - it may well be that with our terms with your bank we can actually get you a better deal anyway!

Needless to say, we will ensure that any applications we make do not affect your standing with the bank.