2008

Cut out the middle man for better returns on your investments

7 July 2008

"We are often asked how we are able to offer investors such attractive rates of interest on deposits compared to those being offered by other finance companies", says Clive George, Managing Director of Asset Finance Ltd. "Is it because we take greater risks with our investors' money in the hope of generating bigger and better returns?" The answer is no. "Does it imply we are unable to offer the same levels of protection for their money as other finance companies?" Again, the answer to this question is no.

The key to running a sustainable finance company is good hard cash

“Cash is king” when it comes to running a finance company and the lack of it has contributed to the downfall of many companies within the non-banking sector.

During the last two years, 15 finance companies have fallen into receivership in New Zealand, with millions being lost due to bad company management and a failure to keep a tight control over loan books.