Procuring heavy vehicles stands as a substantial financial commitment for the majority of enterprises. These investments necessitate tailored heavy vehicle financing solutions that align with distinct objectives and are obtained at the most favorable interest rates to realize the intended return on investment (ROI). This financing process and strategy are not universally offered by all banks and lenders, and not all businesses enjoy direct accessibility to such options.
Specialist services for securing customised heavy vehicle finance and negotiating cheaper rates can be accessed by all businesses through Jade Truck Loans. Services which are available to even the smallest operators including one vehicle operations, sole traders, contractors and even new businesses. So no business that is acquiring heavy vehicles needs to forego the opportunity to secure finance which has been individually structured and negotiated to suit their specific objectives.
With financial pressures on budgets emanating from cost rises, supply chain issues and inflation for starters, businesses need to take advantage of what is available to them in securing cheaper finance. If you’ve never considered utilising our broker-style lender services, we present a snapshot overview of how our services work, what finance products are available and what may be expected in regard to interest rates.
Specialist Approach to Heavy Vehicle Finance
Jade Truck Loans differentiates itself by embracing an approach that resonates with many—an approach that's notably personalized and distinct from what clients may have encountered in the past. At the core of our operations is an unwavering commitment to acting in the best interests of our clients. This commitment translates into meticulously sourcing and negotiating the most competitive interest rates, and securing the optimal heavy vehicle loan that serves to propel and elevate the business aspirations of our customers. As an extra layer of reassurance, our association with FBAA & AFCA underscores our dedication to maintaining the highest standards of ethical practice within the industry.
Each customer is assigned their own personal consultant. These are fully trained and highly skilled finance professionals, working for you. We listen closely to your brief to get a detailed understanding of your business, the industry conditions you operate in and the challenges you are facing.
From that point we proceed to handle the entire finance process on your behalf. Yes, you can stay on the road, keep working and earning while we tackle the hard work. We will present you with quotes and offers and you make the decision around proceeding or not.
Once accepted we process the application and liaise between our lender and the truck dealer to ensure a quick, streamlined settlement.
Specialist Lender Selection
Key to specifically targeted, customised and cheaper interest rate heavy vehicle finance can be the lender. Banks and many large finance companies must adhere to strict guidelines when assessing loan applications and forming finance offers. This is understandable and must be respected.
We are accredited with all four major banks and many smaller banks as well as a diverse range of other lenders. They can be competitive but there are more options on the table through our services.
We also enjoy special broker status with a selection of non-bank lenders, several of which specialise in heavy vehicle finance. These are the lenders that are not accessible directly to business owners. Access is only available via brokers such as ourselves.
What these non-bank lenders can offer as a key advantage is flexibility. The flexibility to negotiate when on interest rates and on loan conditions. Loan conditions can be as important as the interest rate when it comes to a cost-effective and workable loan. If conditions are placed on a loan by a bank or lender that stress the business, then clearly, it’s not going to be a workable option over the long term of the loan.
Finance Products
While our services can secure specialist finance, we do offer the full portfolio of finance products which are offered by most lenders:-
- Heavy Vehicle Leasing
- Chattel Mortgage for Heavy Vehicles
- Rent to Own for Heavy Vehicles
- Commercial Hire Purchase
But unlike many traditional lenders, we also offer:-
- Bad Credit Heavy Vehicle Finance
- Low Doc and No Doc Heavy Vehicle Finance
- New Business Heavy Vehicle Loan
Interest Rate Outlook
Specialist lenders can approach the interest rates differently from say a bank that may offer a widespread and general range of finance. We have non-bank lenders that specifically target key industries. This provides them with a level of in-depth understanding which can result in better rates and better finance.
Currently, lending interest rates are in a cycle of rises as the RBA raises the cash rate to address surging inflation. These moves are also a withdrawal of the support for the economy provided through the pandemic with record low rates.
In the statement issued with the July 2022 RBA decision, Governor Lowe gave strong indications, in fact a direct comment that move rises would be made. The next rate rise could come as soon as the 2 August Board meeting.
As the RBA acts, rates will increase across lending markets. The exact amount each lender raises their own rates will depend on their individual guidelines. Whatever the rate rises, even the smallest rate increase can significantly add to the loan repayments and overall cost of the finance.
Engaging with our specialist heavy vehicle finance services may deliver better rates and cheaper finance to support your business, especially through the current challenging economic conditions.
Contact Jade Truck Loans on 1300 000 003 to discuss heavy vehicle finance for your acquisitions.
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.
