When seeking quotes, it’s easy to be swayed by seemingly low interest rates. However, exercise caution. A low interest rate can mask a higher overall cost of finance, often due to:
- Additional fees and charges
- A substantial balloon payment at the end of the term
- A higher purchase price
- Equipment obsolescence or an unpopular model
Ultimately, it’s the total cost of finance over the term that matters. Our Manufacturing Equipment Finance Expert ensures you secure a genuinely market competitive rate while steering clear of the headline interest rate trap.
Our Manufacturing Equipment Finance Specialist will secure you a great rate that is truly market competitive, and ensure you avoid the headline interest rate trap.