Business Vehicle Finance
Motor Vehicle Finance with NO Financials Up To 150k (L0-DOC)
Low Doc business vehicle finance is a solution for self-employed people or companies who don’t have access to normal loan requirements such as tax returns and other financial documentations to support their income.
A low doc (lo doc, no doc) car loan is often referred to as a self-declaration loan because the lender allows you to self declare your income.
FAFS low doc vehicle loans covers cars, utilities, trucks, trailers, fork-lifts, bob-cats, cranes, farm equipment and much more. Our panel includes leading lenders such as: CBFC, Macquarie Bank, Esanda, Westpac Equipment Finance and Capital Finance & Fleet Partners.
Are you:
- A Property Owner?
- The current holder of an ABN registered for GST for a minimum of 24 months?
- Purchasing a Motor Vehicle up to 4 years old?
Then you have yourself quick and easy Finance with no Financials required *, still at the standard (competitive) rates, terms and residuals that are available.
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Scenario Example:
Gary is a plumber and has been in business for 7 years. His financials have not been done and he owns his home, with about $140,000 equity. He wants to buy a new ute for work, valued at $50,000.
Because Gary meets the Low Doc criteria, he would qualify for the loan, without having to provide financials or any other security. |
Low Doc Finance Options
FAFS provide two types of low doc finance:
Chattel Mortgage
A chattel mortgage allows you to own the car with the lender taking security over it. This product allows you to claim interest on the loan and depreciation on the vehicle as a tax deduction. There is no lump sum residual payment at the end of term.
Finance Lease
A finance lease means the finance company legally owns the car and you lease the vehicle from the lender. The monthly payments are tax deductable. The Finance Lease has a residual value or lump sum payment at the end of the term.
Contact FAFS about a loan approval today !
If you’re looking for a car loan with minimum documentation requirements and competitive interest rates then contact us about a loan approval today.
* Please Note, some conditions do apply:
- All standard rates, terms and residuals are available
- Applicant and Guarantors must satisfy Veda Report and credit checks
- Motor Vehicles can only be purchased from a dealership (no private sale)
- One transaction per ABN, per 6 month period
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