Frequently Asked Questions
Have a question for us? Here are some of the more common ones and their answers.
What areas do you service?
We are a business that combines a human touch with modern technology - giving us the ability to provide the best possible service to clients Australia-wide. Whether you're in the city or on the back of a tractor, we've got you covered.
I have only just started in business, is it possible for me to obtain finance?
Do i need full business financials to obtain finance approval?
There are several ways that lenders can verify your ability to service a loan and gain comfort with you and your business as a borrower. This is where our experience and expertise becomes invaluable in securing you an approval.
do you offer car loans for personal purposes?
We are a specialist finance broker for self-employed clients and assets relating to operating a business. We do however, have a relationship with an excellent Mortgage & Finance Broker who can offer personal/consumer loan services. Please see our Partners page for details.
How long will it take to get approval and pick up my new equipment?
This depends a lot on a few variables, for example:
- Whether your circumstances fit neatly into an existing lender policy or whether a more detailed application and submission is required
- Turnaround time on receiving any supporting documents and/or returned signed loan documents
- The vendor/dealer's speed in supplying us an invoice and confirming cleared funds at settlement
how many lenders do you have access to?
We have 18+ lenders on our panel at any given time. This list is constantly reviewed and updated by our Lending Panel Committee based on lenders' changing abilities to provide competitive finance options for our clients.
can you provide me a quote before we start an application?
Yes of course. You are welcome to contact us to request a quote based on the type of equipment, the price, the preferred term and some other variables. This quote is not an offer or approval of finance and would always be subject to an application and may vary slightly once a full submission is assessed.
what is a residual (balloon) payment?
A residual (AKA balloon) payment is a portion of the cost of the equipment that is deferred until right at the end of the finance term and is payable as a lump sum. The idea behind this is that it would typically represent what the goods might be worth to trade or sell second hand at the end of the term, and could potentially reduce your monthly payments by having a lump sum amount payable at the end of the finance contract. In some cases, it is also possible to refinance the residual payment over another couple of years if you intend to retain the goods for longer and would prefer not to outlay the entire residual payment as a lump sum.