Questions, page-2

I have previously posted some info that partly answer your questions - Check out the WAM thread 13/11/16 and another on 11/10/16. (Purchase of Linx and QPF)
FYI you do not need to be with an aggregator in the Asset finance game, but the lenders prefer it. There is literally 100's of small AF brokers dotted all over the country that quietly plod along with a very loyal client base. Most of these guys (and ladies) are ex bank finance company staff. Most are ready to retire and want a bucket load of cash for their business- but if they are gone from the business it's not worth much- no trail comms no value. I have seen some crazy numbers put on broker firms up for sale.

Still a growing industry and good move for COG to get in before someone else wakes up to the potential here-

Average life of an AF contract is around 35 months and most is replacement vehicles/ equipment which are quick and easy to get approved- The big bucks can be made in "rentals" or operating lease off balance sheet lending where $$$ can be made in inertia rentals, but needs specialist lenders who need to know their stuff.

I still stand by my concerns re non compete clauses when they buy a business, and have yet to buy - but still watching.....

Hope that helps Cheers..