Apply For A Truck Loan Today
Informed Asset Finance Australia has all the lenders under one roof. This means that we are able source the most competitive deal for you from our panel & utilise our specialist knowledge to make the whole process easier. If you have been declined by your bank then we can assist with lenders that want your business! Check out our rates & give us a call for a friendly, no obligation chat.
Current Truck Loan Rates
Rate for Consumer Purchase
Rate for Dealer Purchase
Rate for Business Vehicles
Finding The Right Equipment & Finance Broker
Equipment and truck finance is a relatively complex process, but it doesn’t have to be complicated. A good finance broker in Melbourne can help you get the best financing possible for your new equipment or truck purchase, so that you can enjoy the purchase and pay off your debt over time.
Finding the right dealer to walk you through the loan process can be important, too. Not only should the dealer be experienced in equipment finance, but they should also be able to tell you the different options available to you. Make sure that the dealership you choose has a good reputation, with good financial backing.
Get The Best Rates Possible For Equipment & Truck Loans
Make sure you ask questions. The number one thing that slows down the process of getting a new auto loan is a lack of understanding. When you are shopping for financing for your truck, don’t be afraid to ask questions. Remember that the salesperson from the dealer has probably been doing this all day and is ready to take your money.
Explore other options. You can try to find a good rate on your own, but oftentimes the best rates are offered to those who shop around. By getting quotes from at least three dealerships, you can see who is willing to give you the best interest rate. This is a good time to check your own credit score, as well. By comparing your score with the offered quotes, you can quickly find areas that need improvement.
Take it slow. If you have had a bad credit history in the past, a broker can help you get a loan despite your past credit problems. Don’t be quick to approve your own loan, however, as it’s easier to get yourself into trouble by overextending yourself financially than it is to recover from a poor credit history.
Another option for getting equipment and truck finance loan in Melbourne is through non-bank or credit unions. These organisations may have special financing programs for those with less-than-perfect credit.
However, this type of financing may come at a very high interest rate. Plus, since you won’t be working with a dealership, the dealer will typically mark up the price of the truck to make up for the financing fee. If you want to work with a local company, make sure they provide all of the needed paperwork and return the car in good shape when the financing is complete.
Of course, you can also go to a local dealership and get financing directly for the equipment you need. While the rate may be slightly higher than a non-bank or credit union facility, it may be worth it to get the type of vehicle you need. Additionally, going to a dealership will allow you to see the actual equipment you’re buying and give you the opportunity to test drive it
Go Over The Equipment & Truck Lease Agreement
In many cases, the dealer will also be able to arrange for a vehicle loan with the best terms available. Remember, when using a dealership to obtain equipment and truck financing, always ensure that you go over all of the terms and conditions of the contract before signing it. Most dealerships offer detailed information about what happens if you violate any part of the agreement, so it’s important to fully understand what is covered and not covered.
Equipment and truck loans can save you thousands of dollars over the life of the equipment. However, the biggest savings are realised when you use a local finance broker instead of an expensive dealer.
A local dealer may have special financing programs that require no down payment, allowing you to quickly obtain the truck you need without waiting on credit approval. With technology and an ever-growing market, there is really no reason to delay or suffer through a lack of affordable equipment.
Truck brokers do not offer credit cards. Instead, they work with trucking companies to find you the best financing options available for your needs. When you use a truck finance broker, you are putting your job in their hands. However, a good broker will always make sure that you are making the most of your money and your situation. They may ask for certain information upfront, but they should never force you into anything that isn’t right for you.
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