What is the process?

At Leasedirect we have a tried and tested formulae to ensure we achieve the best available product for your business.

Initially we will do a basic fact find that will help us develop an understanding of your business and the terms on finance that you require. Our consultant will then package this information and provide an initial overview to one of our in-house underwriters.

Our underwriter will then establish the best terms the market can supply. This will usually involve speaking directly with financiers to establish details such as the length of term available, the monthly cost, deposit terms and any other requirements that the prospective financier may have.

This stage does not involve recording any credit checks, but is designed to give you an idea of the terms that are currently available so that you can base your purchasing decision on accurate information.

Your consultant will then return with our underwriter’s feedback, discussing the options that are available and the likely information required to proceed. At this point we then look to progress to full proposal, expecting to obtain a qualified decision within 48 hours.

Once finance has been agreed we would then speak directly with your supplier (when you have one) to arrange invoicing. Your consultant will then arrange to either send out documentation in the post or visit you in person to sign your agreement.

Only when you are happy with your equipment do we pay the supplier. As an additionally security check, a member of our credit team will contact you to confirm all is well prior to pay out.

Your credit agreement will now begin. This should mean that apart from obtaining a few details and requiring a couple of minutes to sign the agreement, we have successfully negotiated all terms and invoicing on your behalf with minimal upheaval on your part. This is the key aim of our process, providing you with the decision making power, with us simply presenting the options currently available.

For more information regarding the process, please click here