Why use an asset finance broker?

Why use an asset finance broker?

Date Posted: 31 January 2024

What is an Asset Finance Broker?

It’s important to understand what an asset finance broker is, and the benefits of using one before considering if you should use one.

An asset finance broker is a person or company whose role is to assist their clients in the purchase of assets from a supplier assisting them to find the right lender to suit their needs.

The brokers don’t usually work with a single financial provider and will instead use their expertise of the market to find the best deals which suit the client. Some brokers will charge clients directly, others will work off commission. At Ethos, we take a commission fee from the lenders meaning you have no additional upfront costs.

Brokers will advise the client on certain criteria which may be relevant in their circumstances, they will also negotiate with the lenders to secure the best deals, meaning the clients don’t have to.

Why Use an Asset Finance Broker?

Depending on the company, the assets they require are usually a significant upfront costs; asset finance offers the flexibility to spread the cost and supporting cashflow.

An asset finance broker will be able to find the best price while saving the client time dealing with lenders. As a result, repayments should be less, and the client can focus on expanding their business.

What’s right for one company may not be appropriate for another. Brokers need to get a full understanding of their client’s requirements to source asset funding which is right for them. One way in which brokers do this is by looking into which type of financial option will work for a businesses circumstance. Find out about the different financial option types.

Asset finance brokers will continue to support companies to ensure any funding works for the long-term.

How To Choose A Broker

License

It’s vital to ensure any broker has the appropriate licenses and are fully authorised and regulated by the Financial Conduct Authority.

Reputable

Check the reputation of a broker online. Look at their reviews and see what other people are saying about them.

Relationship

Good brokers will aim to build a strong relationship with their clients. This helps them understand their circumstances and find them the best possible deals and retain their business supporting the future growth of the clients business.

Knowledgeable

Brokers should know their industry inside-out. A good broker will be able to help with any enquiries.

At Ethos, we take pride in building long-term relationships with our clients and lenders. As a result, we’re confident we can help companies get the very best rates and giving the very best advice for even the most complex payment structures. Message us today if you want to find out more.

Related News Articles & Case Studies

If you enjoyed this news article, you might also like some of our other insightful articles & case studies, including:

Related Articles

Contact Us

Contact our team today to discuss your next purchase.

Jigsaw Pieces

Sectors
Finance Soloutions

Finance Solutions
Customers with salesmen

About us
Customers with salesmen

Electric Broker
App Store Logo
Google Play Logo

© 2024 Ethos Asset Finance Limited Website by Bluesky Interactive.

Ethos Asset Finance Ltd are authorised & regulated by the Financial Conduct Authority for Full Permission Credit broking under FRN 723779.

Ethos Asset Finance Ltd are registered under Data Protection ZA156001.

Ethos Asset Finance Ltd are a credit broker and not a lender. We can introduce you to a carefully selected number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We do not charge you a fee for our services. We will provide you with information about the products we offer, including their key features and costs, to help you make your own decision. We do not provide advice or make recommendations. You may wish to consider any alternative options that maybe available to you. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). You accept and agree we will receive a commission payment from the lender on completion of the finance arrangement. The lenders we work with could pay commission at different rates. The commission we receive is included in the amount you pay to the lender over the term of your finance agreement.

Disclaimer

Ethos Asset Finance Limited makes every effort to ensure that the information contained on the Website ("the Information") is accurate and complete. However, errors and omissions may occur from time to time and we are not able to guarantee the accuracy of the Information. Therefore, we cannot be held liable for any reliance which you place on the Information. Ethos Asset Finance Limited does not give any warranties in respect of the Website or the Information or the goods and services available via the Website and makes no representations as the fitness for a particular purpose of any goods or services available via the Website. Ethos advertise vehicles on behalf of existing clients and suppliers at their request. 

Ethos advertise vehicles on behalf of existing clients and suppliers at their request. Ethos accepts no responsibility for the representation, condition or warranty related aspects of these vehicles. It is the buyer’s responsibility to ensure they are fully satisfied with the quality & condition of these vehicles prior to finalising the purchase. Business & Fleet Users only.