Australia's Easiest Way to Get a Car Loan
When a business does not have all the financial records and documents required by the banks and other lenders, let’s face it, it’s not easy to secure affordable, workable car loans. This type of business finance is referred to as Low Doc Vehicle Finance and is not available through all lenders. We make it easier to access this type of finance. The interest rate might be above the best business rates available, but this table provides a quick idea of what low rates we can achieve for different finance products.
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Low-Rate Car Finance
Low Doc Finance: Explained
Low Doc describes the type of business finance application and is not an actual finance product. It is the term used in the lending sector to describe finance applicants that do not have the entirety of the finance documentation to complete the standard application form or meet all the criteria. In addition to the lack of documents, a business may not have traded for the minimum time period as designated by a lender to be eligible for finance.
Note that Low Doc Car Finance is not the same as bad credit finance. The business submitting a Low Doc application may have a good credit rating based on their trading history to date and/or the credit record of the business owner.
This description may apply to a wide range of business entities across all industry sectors. They may be recently established large businesses, SMEs, owner-operators, partnerships, sole traders, self-employed or ABN-only holders. Essentially any operation that has not had sufficient trading time to accrue a significant amount of records about the business.
This can apply to tradespeople, creatives and IT specialists, professionals in the legal and medical sectors, construction contractors, health and fitness operators and many others. The common factor is, simply not have all the documents or docs, needed to be eligible for finance through traditional channels.
The docs refer to finance records such as BAS returns, bank statements, tax returns, annual accounts and similar.
Easily Access Low Doc Car Loan Lenders
Whatever the sector and whatever the size of the operation, Easy is prepared to assist with quotes for affordable business vehicle finance. Banks, large finance companies and some other lenders operate to strict guidelines. Guidelines which do not allow for varying the eligibility criteria. For those needing Low Doc Car Loans, that can make the task extremely difficult.
Easy makes it easier through our specialist non-bank lenders. Our lender panel, the lenders that we access quotes for customers, is extensive. It includes specialist lenders that do offer Low Doc Loans and, due to their set-up, are more flexible and open to negotiating.
Not all these specialist lenders are easy to find. Many don’t provide services directly to customers. Access to quotes is provided through set-ups like finance brokers and our type of service.
Submit Your Low Doc Application Today
No impact on credit score
Australia’s Easiest Car Finance
The easier way to source affordable, cost-effective and cheaper car loans and business vehicle finance!
Fast Loan Approvals
Low-Rate Car Finance