Refinance
Replace an existing finance agreement with a new one.
- Release equity from your existing assets
- Consolidate your agreements to lower monthly costs
- Find a lower-interest finance agreement
How refinancing works
Refinancing in asset financing refers to the process of replacing an existing loan or financing arrangement with a new loan, typically with more favourable terms or conditions.
This can involve obtaining a new loan from the same lender or transferring the debt to a different lender.
By considering your options for refinancing, you may be able to obtain a new agreement with a lower interest rate. You may also want to release equity from your existing assets to gain access to cashflow.
Why choose TAFCO?
With years of experience and a commitment to customer satisfaction, TAFCO is your trusted partner for asset refinancing solutions. Whether you’re a small business looking to optimise your debt structure or a large enterprise seeking to leverage the value of your assets, we’re here to help you achieve your financial objectives.
Your partner in growth
Our friendly and experienced team will guide you through the refinancing process from start to finish, ensuring a smooth and hassle-free experience. We handle the paperwork and logistics, so you can focus on running your business with confidence.
Got questions?
We’re here to help
Here at TAFCO, we pride ourselves on offering an honest and friendly service to companies who are in need of asset finance solutions. Not only that, we also have one of the lowest margin requirements in the broker industry, meaning you get a better rate.
Call us directly:
01270 845 888
Mon-Fri 9am-5pm
Frequently Asked Questions
What is asset finance?
Asset finance is a financial solution that allows businesses to acquire assets such as machinery, vehicles, technology equipment, and more without paying the full purchase price upfront. Instead, the assets are financed through loans, leases, or other arrangements, with repayments spread over time.
What kind of assets can be financed?
A wide range of assets can be financed, including but not limited to vehicles, manufacturing equipment, office furniture, IT infrastructure and agricultural machinery.
What are the different types of asset finance available?
The main types of asset finance include hire purchase, finance lease, operating lease, and asset refinancing. Each type offers different benefits and structures, catering to various business needs and financial situations.
What factors are considered in the approval process?
Lenders typically consider factors such as your business’s creditworthiness, financial stability, the value and condition of the assets being financed, and your ability to repay the finance. Each lender may have specific criteria they use to assess applications.
How long does the approval process take?
The approval process for asset finance can vary depending on the lender, the complexity of the application, and the type of assets being financed. It may take anywhere from a few days to a few weeks to receive approval.