Annual Service Fees – Check the small print.

In 2007 one of the asset finance lenders was thinking of ways to cover the costs of some their office support staff.  These were the staff who provided things such as settlement quotations, copies of documents and general administration queries.

They came up with the idea of charging annual service fees.  Since then many others have also decided to charge them.  Often these are not fully disclosed at the quotation stage so whenever you are signing asset finance documents check them carefully.

At Premier Business Finance we have agreed with all our regular lenders that no customer will be paying such fees.  In the unusual event of us having to use a non regular lender any such fee is fully disclosed and there are no disappointing surprises.

Please contact us for further information.