Asset Finance Compared, or AFC, is a unique platform that compares a wide panel of funders and delivers an instant quote.
This quote is a decision in principle, and once you’re happy, we handle everything through to payout in-house.
Everything can be handled online, but you speak to a member of the team if you prefer.
We just need your basic details, some information about your business and details of the asset you’re buying.
If you’re happy with your quote, we’ll then need an electronic copy of your ID.
As part of the process, we’ll ask for your permission to undertake soft searches to confirm your identity.
The searches will not leave a footprint on your file or affect your credit rating.
Do you ever leave a hard search?
If you’re a sole trader, a full credit search will be required by the funder for the deal to be credit-approved.
And if you’re a limited company that’s been trading for less than three years, full credit searches on the directors may be required.
These searches will be recorded on your credit report and can be seen by other funders.
If you proceed to the next stage with your asset finance quote and the deal is credit-approved, you will need to provide an electronic copy of your identification.
This can be your passport or photo driving licence.
Your identity is then checked electronically through our verification system, meaning there’s no need for us to visit you.
We use various credit data reference agencies to verify your residency and identity.
This is to protect you, and us, from any potential fraudulent activity.
Once your deal is credit-approved, your identity is checked through our digital verification process.
These copies of your identification are not stored on our server.
We assess everything through the platform to deliver an instant Decision in Principle in 60 seconds.
We won’t redirect you to elsewhere to go through the process again, or say we’ll get in touch with you to provide a quote at a later date.
Once you’re happy to proceed with the quote and you’ve accepted the terms and conditions, we handle everything in-house.
It can all be handled online, but you also have the option to speak to a member of the team at any time.
And if you’re a start-up or business in the early stages of trading, we can still issue an instant quote.
No problem, we can still deliver a quote.
We will just need the details of the supplier before we obtain final credit approval from the funder.
We compare a wide panel of funders because we want to find the rate that is most suited to your circumstances.
The quote that the platform issues is the single most competitive quote.
Yes, we will. We have funders for all types of businesses, new and old.
We may need further information for start-ups, but we will get in touch to discuss this after the initial quote has been issued.
Once the quote is issued, we’ll be in touch to discuss the timing of the payout of the deal.
However, if you have any questions at any point, you can contact us by calling 01773 864 864 or emailing us on [email protected].
For anything over £100,000, click here to fill in a simple finance request form.
Once completed, one of our relationship managers will contact you and provide a quote.
The platform issues quotes for businesses that operate in the UK and whose owners or directors are UK residents.
Please note: the minimum age of business users permitted to get a quote through the platform is 18 years old.