Vehicle and Equipment Loans
At FORWARD THINKING FINANCE we can source finance for your next Vehicle and Equipment purchase.
Cars, Trucks, Vans, Motor Cycles, Boats, Trailers, Caravans, Plant and Equipment can all be financed.
Some of the Finance structures we can help you apply for: Hire Purchase, Lease Agreement, Novated Lease, Bill of Sale or Chattel Mortgage.
Please note that each structure is different to the other when assessed for taxation purposes; therefore check with your Accountant prior to asking for a specific structure. Alternatively provide us with your Accountant’s details and we can discuss with them the appropriate finance structure that suits your circumstances. We regularly liaise with Accountants and attend to joint appointments with our clients when required.
Some common Q&A’s:
Q. What are the loan terms for Vehicle and Equipment Finance?
A. Usually loan terms are between one to five years.
Q. Can I buy used vehicles or Equipment?
A. Yes, however the vehicle or Equipment purchased should not be older than 10 years old. If older than 10 years then certification may be necessary. Contact us prior to seeking finance for older vehicles and equipment.
Q. What is a balloon or residual value?
A. A balloon or residual value is an outstanding amount owing by you at the end of the loan term. You can usually state the percentage or value; however for Novated Leases usually the Government percentages will be used.
Q. Why would I have a balloon or residual value set in the finance contract?
A. Having a balloon or residual value will usually result in a lower repayment amount each month. Also, some clients like to sell or trade in their item financed at the end of the term period. Therefore the balloon or residual amount is usually the selling price or trade in amount.
Call FORWARD THINKING FINANCE on 0451 485 540 and secure finance for your next Vehicle or Equipment purchase.