In times past, people would visit their local Bank Manager in order to apply for Equipment Finance relating to the purchase of Trucks or Heavy Equipment. This would mean that the applicant would need to take time out of their busy schedule to meet with a Bank Manager in order to discuss their funding proposal.…
The following article will show the main factors that could jeopardise an applicant’s ability to obtain Equipment Finance for Trucks and Heavy Equipment. Applying for finance with various financiers at the same time If someone looking for finance has many applications out at any one time, their credit file shows a credit enquiry with each…
A private sale occurs when the truck or equipment being sold is through a private individual or company. The private individual or company selling the equipment is not a licenced truck or equipment dealer but a business on selling equipment to another party. Finance companies consider vendors in three separate categories; Private Sales – a…
An annual report issued by RABO Bank has indicated that the outlook for the Australian Agricultural Industry is bright for 2016 / 2017. Below are 4 driving factors contributing to strong demand for goods and services in the Agricultural Industry. If you are looking for a great deal on Farm Equipment Finance with Seasonal Payments…
Let’s say a Truck Driver is looking to trade in his current truck at his local dealership to step into a newer more reliable truck. Negative equity will occur if the dealership offers a trade in value on the truck that is lower than what the payout figure is on that same truck. For instance,…
Below are 5 factors that a Financier considers when setting the interest rate for Truck Finance transactions. If you’re looking for a great deal on Truck Finance, please call us today on 1300 788 740 or for instant Truck Loan Approval please complete our Online Truck Finance Pre-Approval Form.
A cash flow forecast outlines income and operating expenses for a business over the next 12 months. This cash flow forecast is required when a new start business is looking to acquire equipment finance for the first time or an existing business requiring finance to purchase an additional item of equipment – when the current…
What is a Credit Score? A credit score is calculated on information in an applicant’s credit report based on the conduct of any type of loan that they have taken out over the last 5 years. In Australia Banks, Utilities and any other lending institutions access credit reports of an applicant to determine whether or…
Our clients obtain Farm Machinery Finance for a range of machinery for different requirements across the Australian agricultural sector. Below is a timeline showing the history and development of much of this machinery in Australia over the past century.
What is a balloon or residual payment? A balloon payment can be applied to any Truck Finance or Heavy Equipment Loan facility in order to reduce monthly payments and preserve cash for working capital purposes. A balloon payment might also be called a residual or RV depending on what type of loan is in place.…
* Figures shown are a guide only and the actual payment may be affected by the age of the asset being purchased and the credit score of the applicant.
