Tips On Truck Finance
Equally important as getting a great purchase deal on your truck is getting a great finance deal on your truck loan. Many truck loans are arranged over terms up to 7 years. Businesses need to forecast their operations and cash flow well in advance to ensure they will realise their ROI on any finance deals entered into now. Highlighting the importance of getting the best people on-board to assist in securing your truck finance.
The simplest solution is to contact a finance broker that specialises in truck loans.
Using a Truck Finance Broker
Finance brokers are available to all businesses and individuals – sole traders, partnerships, SMEs and large corporations. You don’t need a referral from your accountant or bank, you just contact a broker directly.
When selecting a finance broker there are a few key aspects to look for:
Your broker will be working for you and will not only source you the best truck loan, but in most cases will handle paperwork to save you time and will liaise with the seller and is usually in a position to advise on other matters such as rego transfers etc.
Finding a Broker
The Finance Brokers Association of Australia (FBAA) is responsible for brokers and you should ensure yours is a member of FBAA and adheres to their code of conduct.
There are many ways to source a finance broker – ask your accountant, friend, internet search but just as easy is to contact us. We know people who specialise in truck finance. Contact us for details.
Truck Finance Types
Depending on your business structure and financial objectives, there are a number of commercial finance products for truck loans:
Your broker can explain the details and it is highly recommended to refer to your accountant as to which is best suited to your business.
Make sourcing your truck loan a seamless, streamlined process which delivers the cheapest finance deal to support your business. We know people that specialise in this area, so please contact us for details.