Operators can be ready to take advantage of EOFY sale deals by pre-arranging loans for trailers and equipment through Jade Truck Loans before the event. These end of financial year events can present great opportunities to upgrade vehicles and equipment. With truck sales down for April according to Truck Industry Council data, operators may be more interested in upgrading their trailers and other gear than their vehicles.
Sales may be offered by manufacturers or directly through dealers. These may include promotions such as the Hino run-out event on selected 300 Series models, or discounts on certain equipment and accessories. Whatever you’re in the market to purchase at a sale event, the approach is the same – you need to be ready. By ready, that means have your financing lined up, confirmed and ready to go.
Preparing for EOFY Sales
Over coming weeks we’re sure to see EOFY sale events start across many sectors. These events are typically for a limited time and there may be limited stock of the units on sale. Operators that are in a position to commit immediately are often the first ones to walk away with the deals.
How can you be that operator? By locking in your financing before heading to the dealership. Know what you are approved to include in a loan so you know your budget and what your repayments will be.
When checking out the sales, you may see that some include dealer finance offers. These may appear attractive with exceptionally low rates, but check out the detail.
- Is that low rate guaranteed for the full term of the loan?
- If not, what rate will apply after the initial low-rate promotional period expires?
- Does the finance include the right type of loan to suit your business?
- Does the offer include a repayment term to meet your requirements?
To be confident you are making the right finance decision, contact Jade Truck Loans for a no obligation discussion and quote to compare. We secure highly competitive fixed rates and offer the full selection of loan types to suit all businesses. With Jade finance you can take advantage of the discounts and deals on offer with affordable finance, tailored to your specific requirements.
Individuals planning to start as a contractor from 1 July may take the opportunity to purchase the equipment that they need to set up their business during sale events. Great prices can be on offer, but what about the financing? Take advantage of our access to specialist lenders for No Doc Truck and Trailer Finance for new businesses.
Loans for Trailers and Equipment
Whether buying at a sale or at standard pricing, operators have their choice of asset finance facilities with Jade. Trailers and equipment may be financed with secured asset loans or unsecured loans. The determining factor will be whether the goods are considered suitable collateral for Chattel Mortgage, Lease, Rent-to-Own and CHP. Trailers and large machinery units such as forklifts would typically be considered suitable for asset financing.
Smaller units and purchases such as upgrades to vehicle software, safety equipment installations and smaller machines may not be considered suitable as collateral. These units may be financed with an Unsecured Business Loan.
Current Rates on Loans for Trailers
There has been a lot of focus on interest rates lately, as the RBA has raised the cash rate in three consecutive decisions. Rates across most lending markets have risen in response. What will happen next with interest rates? With the inflation rate rising, further RBA increases can’t be categorically ruled out. But what can most likely be ruled out is a rate cut from the RBA Board at its upcoming meetings.
We support business operators to achieve their best possible rates by covering off on many lenders with our extensive market coverage. Sourcing the best rates and negotiating on the terms and loan conditions to deliver a solution designed to work for that business. See how competitive we are by comparing our rates across our asset finance portfolio with others.
Our asset finance rates are fixed for the full term. So once your financing is confirmed, the rate will not change, despite any decisions by the RBA or the lender. All rates are individually sourced, request a quote for your best offer.
Getting Pre-approved Loans for Trailers
The same rates would apply for the business for both pre-approved and post-purchase loans. Rates are determined by the business financials and credit score, not when the loan application is assessed. The loan products are the same, the rates and terms are the same.
Nothing to lose from arranging finance before heading to a sale event, but plenty to gain. Apply online or by phone for a streamlined process and fast 24 hour approval.
Speak with our brokers about your eligibility for the $20,000 small business Instant Asset Write-off.
Be ready for the EOFY sale with tailored, pre-approved loans for trailers and equipment 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.
