Asset Finance title deeds

robertss

Hi we took out several asset finance deals to start up our company which are now coming to an end however the broker did not inform us at the start of the loans about the payments we would have to make to transfer the title deeds to ourselves some of which are higher than our current monthly payment. Does anyone have any experience of reducing or removing this extra payment which we believe is a con we were not properly informed about?
Thanks

Tixy

It is normal that there would be such a fee to transfer title with this type of agreement. Are the date and amounts of the fees detailed in the loan agreements? On agreements of this type I have seen they usually are mentioned quite clearly.
If they are then regardless of what the broker did or didn't mention I can't see how you are going to get the assets in your name without paying the fees. And I wouldn't imagine they were likely to reduce the fees.