Boss Asset Finance

🔧 UNDER THE HOOD SERIES 🔧 WORDS FROM OUR MANAGING DIRECTOR “Currently for every extra percentage point of commission charged by the broker, the flat rate of interest paid by the customer increases by 0.38%. Therefore when an average broker is charging its customers 4% commission and we’re charging our customers 1% commission. They’re paying 1.14% more on their flat rate of interest than our customers. For the same deal, with the same funder?" Matthew Wordsworth Managing Director --------------------------------------------------------------------- 95% of the time, clients who approach us are getting ripped off by their current broker. Get in touch today for a free consultation. 03300 948588 | info@bossassetfinance.com --------------------------------------------------------------------- #QuestionYourBroker #Finance #AssetFinance #Broker #ChangingTheFaceOfFinance #FinanceIndustry Trevor Jacobs Matthew Wordsworth

🚨 New Court of Appeal Ruling on Finance Commissions 🚨 The UK Court of Appeal has ruled that finance brokers cannot lawfully receive commissions from lenders without fully informed consent from the customer. Key Takeaways: • Brokers must act in the customer’s best interest, ensuring transparency on: - The existence and amount of any commission - How the commission is calculated - The broker-lender relationship • Customers must provide explicit, informed consent through a signed declaration. At Boss Asset Finance, we’ve always been committed to transparency by clearly disclosing our commission on every deal and charging a fixed 1% commission for our exclusive customers. This approach ensures fairness and compliance, setting the standard for customer-first practices in finance. For a free consultation, get in touch today. 03300 948588 | info@bossassetfinance.com #BreakingNews #AssetFinance #Broker #BrokerFees #Compliance #CourtOfAppeal #Lenders #Consent #OnePercentClub #Commission #Finance 

🔧 UNDER THE HOOD SERIES 🔧 WORDS FROM OUR MANAGING DIRECTOR “If broker commission had no impact on the cost of funding for our clients, and was simply a sales cost absorbed by the funders, then believe me, human nature would dictate that we’d all be charging as much as we could get away with and a clients choice of broker would solely be based on the strength of relationships and how many times they’d been to the races. Unfortunately, for our competitors that charge their clients 4% commission (and more!) it really does have an effect. Which is why once a new client tries BAF, even once, we generally win all their business." Matthew Wordsworth Managing Director --------------------------------------------------------------------- 95% of the clients who come to us discover they're paying more than they should with their current broker. For a free consultation, get in touch today. 03300 948588 | info@bossassetfinance.com #QuestionYourBroker #Finance #AssetFinance #Broker #ChangingTheFaceOfFinance #FinanceIndustry #OnePercentClub #Consultation Matthew Wordsworth Trevor Jacobs

🔧 UNDER THE HOOD SERIES 🔧 WORDS FROM OUR MANAGING DIRECTOR “If broker commission had no impact on the cost of funding for our clients, and was simply a sales cost absorbed by the funders, then believe me, human nature would dictate that we’d all be charging as much as we could get away with and a clients choice of broker would solely be based on the strength of relationships and how many times they’d been to the races. Unfortunately, for our competitors that charge their clients 4% commission (and more!) it really does have an effect. Which is why once a new client tries BAF, even once, we generally win all their business." Matthew Wordsworth Managing Director --------------------------------------------------------------------- 95% of the clients who come to us discover they're paying more than they should with their current broker. For a free consultation, get in touch today. 03300 948588 | info@bossassetfinance.com #QuestionYourBroker #Finance #AssetFinance #Broker #ChangingTheFaceOfFinance #FinanceIndustry #OnePercentClub #Consultation Trevor Jacobs Matthew Wordsworth

🔧 UNDER THE HOOD SERIES 🔧 WORDS FROM OUR MANAGING DIRECTOR “If you don’t think the amount of commission your broker charges has any impact on your cost of funding. Then why don’t all asset finance brokers charge the same rate? If it had no impact on the funding cost for my clients, then why would I choose to charge 1% for all my exclusive clients, when the average asset broker is charging 4%? It would make no sense and wouldn’t help me win new business, as there’d be no advantage to the client. Fortunately for me and my clients, it does have an impact, and I am charging less." Matthew Wordsworth Managing Director --------------------------------------------------------------------- An impressive 95% of clients who reach out to us discover they've been overpaying with their current broker. Get in touch today for a free consultation. 03300 948588 | info@bossassetfinance.com #QuestionYourBroker #Finance #AssetFinance #Broker #ChangingTheFaceOfFinance #FinanceIndustry #OnePercentClub #Consultation Trevor Jacobs Matthew Wordsworth

🔧 UNDER THE HOOD SERIES 🔧 WORDS FROM OUR MANAGING DIRECTOR “Currently for every extra percentage point of commission charged by the broker, the flat rate of interest paid by the customer increases by 0.38%.   Therefore when an average broker is charging its customers 4% commission and we’re charging our customers 1% commission. They’re paying 1.14% more on their flat rate of interest than our customers. For the same deal, with the same funder.?" Matthew Wordsworth Managing Director --------------------------------------------------------------------- 95% of the time, clients who approach us are getting ripped off by their current broker. Get in touch today for a free consultation. 03300 948588 | info@bossassetfinance.com --------------------------------------------------------------------- #QuestionYourBroker #Finance #AssetFinance #Broker #ChangingTheFaceOfFinance #FinanceIndustry Trevor Jacobs Matthew Wordsworth

🤔 ❓ Is this broker telling you the truth? ❓ 🤔 'The amount of commission that we recieve from a lender does not have an effect on the amount that you pay to that lender under your credit agreement'. ❗ NO!! This is a lie!! The commission paid to the broker is added to the interest the funder charges. • • • Ready to see what we can do for your business? info@bossassetfinance.co.uk 03300 948588 #BAF #OnePercentClub #AssetFinance #Finance #Broker #Commission #Funder #Interest #Finance

Why overpay for asset finance? According to national statistics, the average UK broker fees for plant and equipment are 4%! At Boss Asset Finance, we charge a fair and reasonable rate starting at 1%. bossassetfinance.co.uk #FairRates #Savings #Broker #BAF #AssetFinance #OnePercentClub #Fees

Does the broker commission affect the interest you pay? The answer to the question is quite simple – YES!! Any commission paid to your Broker by the Funder is added to the Interest the Funder charges you, so both the Interest Rate and the amount of Interest Paid are increased. For more information, contact us today ➡ bossassetfinance.co.uk #Asset #Finance #AssetFinance #Broker #Commission #Interest #BAF #OnePercentClub

How to identify another Broker: - Probably has their teeth whitened - Wears an expensive watch - Claims to have in depth financial knowledge - Claims they are working in your best interest - Claims they can get you a 'good deal' - Then charges you 4% commission rates for the privilege - Invites you to numerous corporate days out - Takes a lot of nice holidays - Drives a Range Rover Join the 1% club. Same product, different price. • • • bossassetfinance.co.uk #BAF #OnePercentClub #Brokers #Fees #Broker #AssetFinance #Finance #Service