Easy Way Forward for Self-Employed Car Loans

The application form requires business operators to provide a range of documents which prove their financial position. The documents may include BAS returns, tax returns, bank statements, annual accounts from the accountant, trading and turnover figures. We encourage our customers to provide as much of this documentation as possible to support their application. If accounts prepared by an accountant are not available, simple spreadsheets prepared by the business owner and supported by bank statements can be submitted.

Where all the documentation is not available, operators may consider our Low Doc and No Doc financing options.

Due to small size of one-person operation, it may be expected that the owner’s financials will also be assessed as part of the approval process. This can include the credit history, assets and liabilities and tax returns.

Commercial vehicle finance products allow for the vehicle being purchased to be accepted as the credit security. With some small operations, additional collateral may be requested. This may be provided with assets and property owned by the business owner and other suitable collateral.

The amount requested in the financing will also be assessed by lenders. With some applications, a lender may place a maximum amount on how much they will approve. Where an operator had wanted no deposit financing, they may consider reducing the amount requested by paying a deposit or selecting a lower priced vehicle.

Whether you have recently made the decision to work for yourself as your primary or secondary source of income or if you made that move some time ago, we are well-resourced and set-up to assist you with motor vehicle finance. The key is finding lenders that have credit approval guidelines that are aligned with your individual set-up. These guidelines may be in regard to time in business, minimum turnover figures, strength of financials and security.

Our services as a motor vehicle finance broker include selecting which of our many lenders have guidelines and approval criteria that suit our sole trader customers. On receiving your details we carry out that process and provide quotes and offers at competitive rates, quickly and easily.

Whether you’re an owner driver courier, a small online retailer, a creative or media freelancer, contract tradie, small grower selling at the markets or direct, IT contractor or in any other field or industry, working with us to source motor vehicle funding is a simple process.