FAQs

Yes. You may choose a shorter term when refinancing, which can increase monthly payments but reduce the overall interest paid. Partial repayments or lump-sum reductions may also be possible, depending on the lender.

Yes. Subject to vehicle age and lender criteria, you may be able to extend the term of the new agreement (often up to 60 months). Extending the term can reduce monthly payments, though it may increase the total amount of interest payable over time.

You will need to request a written settlement quotation from your existing finance provider. This document is typically valid for 28 days and confirms the amount required to settle your current agreement. Once provided, we can reassess refinancing options promptly.

Because we work with a wide panel of specialist lenders, we can often consider vehicles that fall outside typical high-street criteria. This may include older vehicles, higher-mileage cars, classic vehicles, supercars, and specialist commercial assets, subject to lender approval.

A soft search is done first to show you options without affecting your credit score. A hard search is only carried out if you wish to proceed with a lender, and this may be visible to other lenders.

Yes. Evogo Asset Finance works with both private individuals and businesses. We can refinance vehicles or equipment used for business purposes, whether that is a single executive vehicle or a wider fleet, and structure agreements to support cash flow or align with commercial and tax considerations.

Business finance may be unregulated and available to limited companies and partnerships only.

Refinancing may be worth considering when:

• Interest rates have reduced since your original agreement was taken out
• Your credit profile has improved
• You are partway through your agreement and have built equity in the vehicle

Whether refinancing is appropriate will depend on the specific details of your agreement and your circumstances.

Yes. Evogo Asset Finance works with both private individuals and businesses. We can refinance vehicles or equipment used for business purposes, whether that is a single executive vehicle or a wider fleet, and structure agreements to support cash flow or align with commercial and tax considerations.

Business finance may be unregulated and available to limited companies and partnerships only.

You may be able to reduce your monthly repayments if you can obtain a lower interest rate than your current agreement. This will depend on your individual circumstances and the terms of any new agreement. Lower monthly repayments may result in paying more interest overall if the repayment term is extended.

Vehicle refinancing involves replacing your existing finance agreement with a new one. This can be useful if interest rates have reduced, your personal or business circumstances have improved, or your current agreement no longer suits your needs.

As true specialists across a diverse range of industries, we bring deep market knowledge, access to a broad panel of specialist lenders, and an unwavering commitment to understanding your unique business finance needs. We work diligently to source the absolute best finance options, making the entire process efficient and effective, so you can confidently focus on driving your business growth and asset acquisition.

Absolutely. We offer strategic refinancing solutions for existing business assets. This can be a smart financial move to unlock capital, enhance cash flow, or secure more favourable terms on your current finance agreements.

While many of our business finance products feature fixed rates for predictable budgeting, we can certainly discuss variable rate options where suitable. This offers flexibility depending on prevailing market conditions and your business’s risk appetite for borrowing costs.

Yes, Evogo Asset Finance expertly arranges finance solutions for both new business equipment and quality used business assets across all the diverse sectors we serve.

We understand that speed is critical for business growth. Our streamlined finance application process allows us to often provide rapid approval decisions, sometimes within hours, ensuring swift access to the business finance your enterprise needs for expansion and investment.

A Finance Lease is a popular rental agreement, primarily designed for businesses, where you make regular instalment payments for the use of an asset. At the end of the term, you typically have flexible options such as selling the asset to a third party (often retaining most of the sale proceeds), continuing to lease for a nominal secondary period, or returning the equipment. Legal ownership remains with the finance provider during the lease term.

We can finance a vast range of business equipment – from farm machinery, brewing tanks, and excavators to CNC machines, IT infrastructure, commercial vehicles, heavy goods vehicles (HGVs), trailers, and waste processing equipment. If it’s a tangible asset vital for your business operations, Evogo Asset Finance can likely help finance it.

We possess deep specialist knowledge and extensive expertise across a wide array of sectors, including Agriculture, Brewing, Construction, Engineering, IT, Media & Technology, Manufacturing, Commercial Vehicles, HGV-Trailer, Recycling  and Waste Management. Our understanding allows for truly bespoke finance solutions.

Asset Finance empowers your business to acquire essential equipment, machinery, or commercial vehicles without a significant upfront capital outlay. This crucial finance solution helps preserve vital cash flow, effectively spreads the cost of assets over time, and can offer substantial tax efficiencies for your operation.

We provide a comprehensive range of business finance solutions, including flexible Asset Finance (such as Hire Purchase, Finance Lease, and Operating Lease), dedicated Commercial Vehicle Finance, specialist industry-specific finance (e.g., Agriculture Finance, Brewing Industry Finance, Construction Finance, Engineering Finance, IT, Media & Technology Finance, Energy & Green Finance, Recycling & Waste Management Finance, HGV & Trailer Finance), and strategic Re-finance options.

Yes, refinancing existing car finance is a key service we offer. We can expertly help you explore refinance options to potentially lower your current monthly payments or secure a more favourable interest rate on your vehicle loan.

Yes, absolutely. Evogo Asset Finance holds proven specialist expertise in financing high-value cars, prestige vehicle finance, classic car finance, and the rapidly growing sector of electric vehicle (EV) finance, understanding the unique requirements and market dynamics for these luxury assets.

We pride ourselves on our highly efficient car finance application process. Once we receive all necessary information, we can often provide a rapid approval decision within hours, with finance funds potentially released swiftly following agreement signing.

Interest rates for car finance are determined by the specific finance product, your credit history, the agreed loan term, and the vehicle itself. Evogo Asset Finance leverages its extensive panel of specialist lenders to source the most competitive rates available for your unique circumstances.

While an initial deposit can effectively reduce your overall monthly payments, many of our car finance options can be structured with a low or even zero-deposit finance arrangement, depending on your individual credit profile and the chosen vehicle.

Absolutely. We expertly arrange finance solutions for both new cars and quality used cars, subject to specific lender criteria regarding the vehicle’s age and mileage. Our goal is to find the right used car finance for you.

• Hire Purchase (HP): With HP car finance, you typically pay an initial deposit, followed by fixed monthly payments. You gain outright ownership of the vehicle once all payments, including a nominal ‘Option to Purchase’ fee, are completed.
• Personal Contract Purchase (PCP): PCP car finance allows for lower monthly payments by deferring a significant ‘balloon payment’ (Guaranteed Future Value). At the agreement’s end, you have the flexibility to pay the balloon to own the car, simply return it, or trade it in for a new vehicle finance agreement.
• Lease Purchase: Similar to PCP, Lease Purchase features a balloon payment at the end, but this final payment is usually obligatory if you wish to own the vehicle. It’s often a preferred finance solution for higher-value vehicles where eventual ownership is desired with reduced upfront monthly costs.

We are specialists in sourcing diverse car finance options meticulously tailored to your needs, including traditional Hire Purchase (HP), flexible Personal Contract Purchase (PCP), and advantageous Lease Purchase agreements. Beyond standard vehicles, we excel in providing specialist finance for high-value cars, prestige vehicles, classic car finance, and cutting-edge electric vehicle (EV) finance.