Low Doc, No Deposit, Quick Approvals – Best Vehicle Finance Deal in Melbourne
If you are a sole trader, small business owner, contractor, self-employed person, or an ABN holder, you know how difficult it is to get through the process of a conventional vehicle loan without any kind of payslips from the employer. You will also have to bear tighter restrictions on the loan term and instalment along with a higher rate of interest.
Low doc vehicle finance on the other hand lets you borrow money with less paperwork compared to other types of vehicle loans. You can choose the vehicle that you want and a lender will purchase it on your behalf. You will be paying an interest amount to the lender until the end of the loan term, post which you can get ownership of the vehicle or the equipment. Low doc business equipment finance has finance solutions at a lower rate of interest and you do not have to pay an initial deposit amount to borrow the money. Here you do not have to worry even if you do not meet the eligibility criteria of standard loans.
Low Doc Car Loan Features and Benefits
- You will have the flexibility to decide your monthly loan repayment instalment by choosing the repayment term from one to seven years.
Initial deposit amounts are not mandatory for low doc equipment finance, so you can borrow the full amount required to purchase the vehicle or the equipment.
- You can save a lot of money by claiming GST benefits on your business purchase.
- Depending on your income flow, you can structure your loan repayment frequency to weekly, fortnightly, or monthly instalments.
- You can claim tax returns on the interest that you pay on your loan instalments.
- You can further save more money by claiming the declining value of the asset on tax as a business expense.
- You can choose to repay the entire loan earlier than the loan term.
How Can We Help You With Low Doc Truck Loans?
Business owners will need vehicles or equipment to expand operations and grow the business. And the lack of tax returns can hinder your financial options. This is exactly where low doc truck loans come into the picture.
This cost-effective finance option is best suited for business owners as it does not require any standard document. These are specifically designed for applicants who cannot produce two years’ worth of income tax returns. Low doc vehicle finance helps you avoid restrictions on loan terms, borrowing power, and a higher rate of interest. With no doc truck finance, you will be paying a certain amount to the lender as interest until you pay off the loan to get ownership of the asset.
What documentation do you need for a low doc car loan?
- Duly signed declaration of your business income
- Bank statement of your reading account for the past 6 months
- Projected income document confirmed by your accountant
- Profit and Loss statement
- The last two quarters’ BAS returns
- ID proof
- Privacy and consent forms
Why Choose Geo Truck Finance for Your Low Doc Truck Loans
- Our team of professional financial consultants have years of experience and an in-depth understanding of the industry.
- We partner with a lot of lenders across the region to help you benefit from the number of options.
- We compare different factors such as minimum and maximum loan amount and term, deposit and repayment flexibility, processing fees, and interest rate and select the option that best suits your business needs and capabilities.
- We guide you through the whole process and give you the right tools to effectively compare the best options available in the market.
- We provide customised financial solutions that will best suit your business and help you make an informed decision.
- We save your time by avoiding messy paperwork by completing the entire process online on your desktop or smartphone.
- We take the stress and uncertainty out of purchasing your business vehicle or equipment and provide a finance solution with one predictable monthly instalment.
Do you want to purchase equipment for your business? Or are you looking to buy a car, truck, or bus for your business? You need not worry if you do not meet the lending criteria for standard vehicle finance. We will provide low doc truck finance and alternate finance options that quickly serve your business needs and help you expand your operations. Call us on 0415 469 299 or mail us at info@geotruckfinance.com.au to know more about the services that we offer or to talk to our finance experts in Melbourne.
Why Use GEO Truck Finance
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