A truck finance broker is a lending industry specialist who works on behalf of operators to secure the most affordable heavy vehicle loans from their lenders. Why would business owners use brokers? Why wouldn’t you just ask your bank for a loan? Browse online and select a lender that has a good website? Ask the lender that financed your current vehicle to finance your next one? Ask other drivers or trucking industry contacts for financing recommendations? Take the offer from the truck dealer?
With many options available for businesses to decide and source asset financing, especially emerging online lenders, how do brokers fit into the mix? The existence of such a wide range of options is one of the key reasons to draw on specialists for assistance.
Multiple options can be confusing, take a lot of time (which you really don’t have) to consider, and do you really have the financial knowledge to understand all the features and conditions of each loan product or offer? Rates and asset finance product features vary with lenders, the market moves, individual businesses, and for some purchases, the vehicle being financed.
Acquiring new vehicles can be a significant investment for most business owners, regardless of the size of their operation and whether purchasing new or second-hand. Securing the right asset finance facility that suits the business at the lowest possible interest rate and most workable terms and repayments is a priority. That is key to how our services can help operators – covering off on a large selection of lenders to secure their most affordable truck finance. Clearing up any confusion operators may have on the options available, allaying worries about selecting the wrong option, and ensuring operators have confidence to make informed decisions.
What is a truck finance broker?
Finance broking is a designated field in the lending sector of the financial industry. Brokers must meet strict criteria to be approved as a Licensed Credit Provider by ASIC. Brokers are required to display their Licensed Credit Provider number on all materials. ASIC also sets the Responsible Lending Guidelines which all credit providers including brokers must abide with.
Brokers are clearly differentiated from banks, finance companies and heavy vehicle dealers and manufacturers that offer credit to customers. They do not have their own funds for lending. They source loans from banks and non-bank lenders.
To be able to do this, brokers must receive approval from banks and other lenders to access their credit product portfolio to source loans for customers. This approval is known as lender accreditation. At Jade we have accreditation with many lenders which provides our customers with extensive access to the lending market, a large selection of loans and highly competitive rates.
How a Jade Truck Finance Broker Can Help You
In simple terms, we do the hard work to find loans, so you don’t have to. We help operators to secure their most affordable and workable vehicle financing through our accredited lenders. Easing the time pressures and confusion that many may encounter when they need a loan for a new vehicle.
We also open up channels to lenders that specialise in heavy vehicle and asset finance and who do not provide lending services directly to business owners. Rates can vary considerably across the lender market. With our experience, resources and expertise we know what lenders are currently offering the best rates and can quickly cover more options quickly.
While banks only offer their own rates and vehicle dealers typically only have the loans and rates from one credit provider to offer, we offer the opportunity to source your best possible from multiple lenders.
Once we have sourced the best possible offer for you, if you accept, we handle processing your application and will even help with settlement. Our focus is on you, and we want you on the road in your new vehicle asap.
Loans Provided by Jade Truck Finance Brokers
When using our services, operators do not compromise on securing the most suitable credit facility for their set-up. We offer a complete selection of asset finance facilities – Lease, Rent-to-Own, Chattel Mortgage and Commercial Hire Purchase.
As specialists in asset finance, we provide support for owner-drivers, smaller operators and those just starting out with our access to Low Docs and No Docs loans through our non-bank lenders.
How to Source Finance through Jade
Sourcing heavy vehicle financing through Jade Truck Loans is easy. Operators simply contact us directly with no referral from a third party or any special criteria required. All business entities with an ABN can be eligible for commercial loans and can use our services.
Brief one of our brokers on your requirements, provide the necessary documents and details, and we find you the best available loan offer from our lender connections. Any offer is presented to you for consideration, you make all the decisions including whether or not to proceed.
Services are available across Australia for loans for new, used and custom vehicles across heavy, medium and light duty ranges.
Save time and confusion and have your financing sourced by a professional connect with a Jade Truck Finance Broker 1300 000 003.
DISCLAIMER: THIS INFORMATION IS ISSUED PURELY FOR THE PURPOSE OF GENERAL INFORMATION PROVISION. IT IS NOT TO BE TAKEN AS THE ONLY SOURCE OF INFORMATION FOR BASING FINANCIAL DECISION-MAKING. THOSE REQUIRING FINANCIAL GUIDANCE AND ADVICE SHOULD CONSULT WITH THEIR FINANCIAL CONSULTANT OR ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATION OF POLICIES, DATA OR ERRORS IN THIS CONTENT.
