A facility whereby equity in wholly or partly unencumbered assets can be released in order to give an immediate capital injection to your business. Alternatively, assets subject to agreements with other finance companies can be refinanced with Kingston, leading to a reduction in monthly commitments by extending the period.

Benifits

• Assists cash flow by injecting capital into the business
• Can reduce monthly payments
• You have continued use of the asset being refinanced
• The capital raised allows for the purchase of other business assets not normally considered suitable for standard hire purchase or leasing agreements

Suitable Assets

• Buses and coaches
• Plant and miscellaneous machinery
• Engineering machinery
• Construction equipment
• Commercial vehicles
• The asset must have a minimum value of £5,000 and a maximum value of £250,000
• The asset should have a realisable resale value

How does it work?

• Provide us with full asset details, along with a copy of the original paid invoice as proof of ownership.
• We will obtain a valuation of the asset and advise its suitability together with the amount we will refinance
• You sell the asset to us and we will pay you the agreed amount