How we help you get the right car loans & equipment finance
- Car loans, commercial vehicles & equipment finance approval within 24 hours
- If its got wheels, we’ll get you the finance for it
- Low doc loans for commercial / business finance
- No financials required on commercial vehicles & equipment
- New & used vehicles
- Applications taken over the phone
- Competitive interest rates
- Refinances from existing lenders
- Purchases from dealers, private sales or sale & hire backs
We will get your car loans, truck loans and commercial equipment finance at extremely competitive rates for used or new cars purchased through a dealer or through a private seller. We search Australia’s leading lenders to get you the right loan and we do all the paperwork for you. We understand that you need a quick approval on your car loan or equipment loan so we will take your application over the phone and get your approval documentation to you within 24 hours. We can get Vehicle Select to find you the lowest price on your chosen vehicle. With this in mind, you will be surprised how much lower your monthly repayments will be, based on the lower loan amount. Whether you want a commercial hire purchase, chattel mortgage, novated lease or straight consumer loan, we can help.
Some car dealerships will offer 0% finance on car loans but this offer isn’t as great as it sounds. Finance providers need to make an income on any money they lend and in the case of 0% finance, you will find the costs are hidden in other areas. Instead of paying additional monthly interest payments, the interest costs are added into the upfront sales price of the car and the servicing conditions. This means you will not be able to negotiate the best purchase price for the car and you will be obligated to have the vehicle serviced with the dealership and the service costs will be inflated to compensate for the 0% interest rate.
Research your vehicle purchase If you do your homework before you purchase any vehicle, you can save yourself thousands of dollars. Research the market value of any vehicle you’re planning to trade in as well as the type of vehicle you are planning to purchase, knowing your numbers up front will give you the confidence to negotiate the best price.
Research your loan & lender There are many lenders wanting to make money on your car loan, it’s vital to shop around and compare interest rates as well as loan terms & conditions. This is where Assured Lending Finance Brokers can help. We will discuss your financial needs with you and then find the right loan options amongst Australia’s leading lenders.
– Commercial Vehicles (over 3.5t GVM, excluding Prime Movers) and Trailers (no weight restriction) not older than 12 years at end of term
– Passenger and Light Commercial Vehicles (up to 3.5t GVM) not older than 10 years at end of term
– Earthmoving equipment
– Yellow Goods
– Material Handling equipment
– Not older than 12 years at end of term
– Tools of Trade
– Earthmoving & Construction Equipment
– Manufacturing & Workshop Equipment
– Must be Serial Numbered
- Standard Car Loans
Standard car loans allows you to borrow a one-off lump sum and make regular set payments to pay it back. The vehicle being purchased is used as security for the loan, which means that if you default on your loan repayments your car can be seized. The interest rates on a secured loan are lower than the rates for a personal loan or credit card.
- Novated Lease
A Novated Lease is a car lease, allowing a business to lease a vehicle for one of their employees. The responsibility for the lease is with the employee and the lease payments are made directly from the employee’s income before tax is taken out (known as salary packaging). Novated leasing is a great way for employees to receive the tax benefits of leasing a vehicle without needing to have a company ABN.
- Commercial Hire Purchase
A Commercial Hire Purchase is where the finance Lender purchases a vehicle on behalf of the customer, and then hires it back to the customer over a set period of time. The customer has the use of the vehicle for the term of the contract but is not the owner of the vehicle. At the end of the contract period, when the total price of the vehicle (minus any residual) and the interest charges have been paid in full, the customer takes ownership of the car.
- A Chattel Mortgage
A Chattel Mortgage is a loan for a car, truck or business plant equipment where you own the vehicle but the lender retains the title until the loan is paid out. The vehicle is used as security for the loan and when the loan payments are completed, the security interest is removed giving the customer clear title to the vehicle.You can claim the allowable depreciation and interest as a tax deduction. GST does not apply to the monthly payments, however the GST on the purchase is recoverable at the time of purchase.