Asset Finance Information

How does Asset Finance work?

We often get asked "How does Asset Finance work?", so we've illustrated the process to explain it as simply as we can.

 

 

Step 1

The customer decides to purchase equipment from a supplier.

Step 2

Customer contacts Reality Finance to secure the best Finance deal.

Step 3

Reality Finance contacts multiple Funders to find the best option for the customer.

Step 4

Customer agrees best rate for their desired term and gives go ahead with the funding.

Step 5

Finance application approved by Funder and documents sent to customer.

Step 6

Reality Finance contacts the equipment supplier for invoicing of the equipment.

Step 7

Customer sends the signed documents back to Reality Finance to check.

Step 8

Invoice received from the supplier for payment.

Step 9

Customer receives equipment from supplier.

Do you have more questions about Asset Finance?

Take a look at our Business Guide to Asset Finance for a more in-depth overview, where we've answered common questions, explained the different types of asset finance, looked at different funding options and cleared up some misconceptions.

 

Would you like to find out more?

Give us a call on 01483 413859 and speak to one of our lovely team.

Or alternatively you could fill in our callback request form and one of our Brokers will call you directly to discuss your requirements.

 

}
Latest posts
Article Thumb

5 Reasons Your Business Should Offer a Monthly Payment Option

The thought of offering your customers a finance option may seem rather daunting, when it actually couldn’t be simpler.

+13 September, 2023

Article Thumb

Reality Finance Sponsor Pirbright Girls FC

Reality Finance are proud to support Pirbright Girls football club for girls aged 6-10 years old. The new club has recently been established in the heart of Pirbright Village based in Woking, Surrey.

+12 September, 2023

Article Thumb

Tax Advantages of Leasing

If you are buying equipment for your business and considering the leasing route, you will want to understand the tax benefits for your business.

+15 June, 2023