LZEV finance is available at competitive rates and flexible terms through Jade Truck Loans to enable an affordable transition to low and zero emission vehicles. The benefits of operating low emission vehicles have been widely promoted both for the environment and for operators. But for an operator to fully realise the potential advantages, the total investment must be viable for the business. The move to changing one vehicle or an entire fleet from diesel to these new technologies can be a major investment for operators of all sizes. The decision to transition may rely heavily on the acquisition costs, including the financing, of the new vehicles and any possible changes to the operational set-up that the change would require.
Heavy vehicle financing can be a major consideration in any asset acquisition. Securing financing that is individually sourced and structured to suit the specific requirements of the business, may be the solution needed to affordable transition your business to low emission vehicles.
With low and zero emission vehicles featuring prominently at the Brisbane Truck Show, many business operators may now be inspired and motivated to consider the move. We elaborate on the financing options and how we assist businesses to secure the most competitive financing.
How to Secure LZEV Finance that Works for You
While financing for low and zero emission vehicles is based on the same credit products and application requirements as diesel vehicles, loan offers, including interest rates, do vary for individual businesses. Rates and approval criteria vary across the lending market. Securing the most competitive and affordable loan can rely heavily on applying to the right lender.
If you’re considering acquiring new vehicles to make the transition to low and zero emission vehicles, consider using Jade for your financing. We provide business owners with fast, direct access to a vast selection of lenders to ensure that they have the best opportunity to secure their most competitive loan offer.
Our brokers work with individual business owners to understand their specific operation, their objectives and the financial position, and individually source and structure loans that target those requirements, starting with securing the most competitive interest rates.
Securing the most competitive interest rate is integral to any asset acquisition finance. But the term, balloon and any lender conditions applied can also have significant impacts on the effectiveness of the loan. Securing a loan term that delivers workable repayments is critical to maintaining workable cash flow. Using our specialist services, operators are assured that their loan is structured to meet their ROI targets and individual cash flow projections.
LZEV Truck Loans Products
Low and zero emission vehicles are financed with the same commercial credit facilities as diesel and hydrogen cell vehicles. The same loan considerations apply to both new and used vehicles – where the vehicle is considered suitable as loan collateral, asset acquisition finance products are available.
In general terms, new and quality used vehicles are typically accepted as loan security, subject to individual lender approval. This would include the new low emission models such as the eConic and AE-Actros from Mercedes-Benz, Volvo’s Aero FH, the 40 BEV by Scania and others.
The selection of asset acquisition credit facilities includes Leasing, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own. To determine which is the most suitable for an individual business, operators need to assess the features of each loan product as workable with the accounting method they use, how they treat assets on their balance sheet, and their general financial objectives. A discussion with the business’ accountant is recommended.
While the features, including tax deductions and interest rates, vary across the selection of heavy vehicle financing products, we secure all asset financing at fixed rates, over fixed terms, and with a fixed repayment schedule.
Preparing & Planning Finance for LZEV
To work up budgets and initial figures on acquiring a new low emission vehicle, use our Finance Calculator. This loan tool can be used effectively to calculate workable estimates to include in budgets, to compare repayments on the different models available, and to plan how you would like your loan structured.
To start with a realistic loan total, discuss all the vehicle options and the all-up costs with the dealer. When additional packs and options are included in the initial purchase from the dealer, we generally include the costs in the loan. Make sure you calculate estimates using the interest rate relevant to the credit facility that best suits your business structure. Rates may change over time, depending on RBA and lender decisions, but our current rates can be used as a guide for estimating purposes.
To be fully prepared to order a new low emission vehicle, consider pre-approved financing. With your loan application conditionally approved prior to committing to a purchase, you may be better placed to order a vehicle set-up to meet your budget. For expert assistance in financing a new generation low emission vehicle, connect with us online or over the phone.
For highly competitive LZEV finance, request a quote from Jade Truck Loans on 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.
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