Asset Finance Rates

[Al Gorithum]

Afternoon.

What unsecured commercial asset finance rates are we seeing at the moment (for cars, machinery etc)?

I was offered 4.25% yesterday which I though was good, but wonder if there are any better deals.

[Babber101]

The rate depends on the asset being financed and the strength of the borrowing business (balance sheet, trading track record, credit rating PnL etc). Also the size of the loan will impact the rate.

The larger the loan and the stronger the business the better the rate.

I’d say that’s a pretty good rate.

Let me know if you want a hand as I am a commercial finance broker!