Generated by All in One SEO Pro v4.9.9, this is an llms-full.txt file, used by LLMs to index the site. # Jade Finance Personal and Business Loan Broker ## Posts ### [Personal Loan Broker Insights](https://jade.finance/blog/personal-loan-broker-insights) **Published:** December 12, 2023 **Author:** Publisher **Content:** ## ![Insightful guide to understanding personal loan brokers](https://jade.finance/wp-content/uploads/2023/12/Jade-Finance-Loan-Broker.jpg "Smiling,Financial,Advisor,Consulting,Interracial,Couple,About,New,House,At - Jade Finance") **The Role of a Personal Loan Broker in Modern Finance** In the ever-evolving world of finance, the role of a personal loan broker has become increasingly significant. These professionals serve as intermediaries between lenders and borrowers, offering a personalized approach to securing loans. Unlike traditional banking channels, personal loan brokers provide a bespoke service, tailoring loan solutions to individual needs. A broker’s deep understanding of the financial market and various loan products allows them to offer invaluable insights to clients. They navigate the complexities of loan applications, interest rates, and repayment terms, simplifying the process for borrowers. For many, this guidance is not just a convenience but a necessity in making informed financial decisions. Furthermore, personal loan brokers often have access to a wider range of products than a single lender. This access means they can compare different options, helping clients secure loans with the most favourable terms. In a world where financial products are abundant and often complex, the expertise of a personal loan broker can be a game-changer. Brokers are not just facilitators but educators and advisors, guiding clients through the maze of personal finance. Whether for a significant purchase or an unexpected expense, a broker’s role is ensuring clients make borrowing decisions that align with their financial goals and capabilities. ## **Exploring the Benefits of Using a Personal Loan Broker** But why exactly should one consider using a personal loan broker? The benefits are manifold. To start with, brokers save clients time and effort. Comparing loans, understanding terms, and completing applications can be daunting and time-consuming. A broker streamlines this process, presenting clients with options that match their financial situation and preferences. Moreover, brokers often have established relationships with multiple lenders. This network can translate into more competitive interest rates and favourable terms for the borrower. Brokers negotiate on behalf of their clients, leveraging their industry knowledge and connections to secure the best deals. Clients also benefit from the personalized service that brokers provide. Unlike the one-size-fits-all approach of many banks, brokers take the time to understand each client’s unique financial situation. This bespoke service ensures that the recommended loan products are not just the most advantageous in the market but also the most suitable for the individual’s specific needs. In addition, brokers often assist clients who might struggle to secure loans through traditional channels. For those with less-than-perfect credit scores or unique financial circumstances, a broker’s expertise can be crucial in finding lending solutions that would otherwise be inaccessible. ## **Types of Loans a Personal Loan Broker Can Help You With** facilitate. Their expertise covers a broad spectrum, including: - **Secured Loans:** These are loans backed by an asset, like a house or car, which serves as collateral. Brokers can help find the most suitable secured loan options, ensuring that the terms and risks are clear to the borrower. - **Unsecured Loans:** Unlike secured loans, these do not require collateral. Brokers can assist in navigating these typically higher-interest-rate loans, finding options with the best possible terms. - **Specialty Loans:** Some borrowers have unique needs, such as small business loans or loans for specific purposes like education or home improvement. Brokers can connect clients with specialized lenders who cater to these specific requirements. The versatility of brokers makes them invaluable to a wide range of borrowers, each with their own financial needs and goals. ## **Personal Loan Broker vs Direct Lender: What’s the Difference?** Understanding the difference between a personal loan broker and a direct lender is key. While a broker offers a range of products from different lenders, a direct lender offers only their own products. Depending on your needs, one may be more suitable than the other. ### **The Impact of Credit Scores on Personal Loan Finance Brokers Service** Credit scores play a significant role in loan eligibility and terms. A good broker can advise clients on how to improve their credit scores and find suitable loan options regardless of their credit history. ### **Navigating Interest Rates and Fees with a Personal Loan Broker** When seeking a personal loan, understanding and managing the interest rates and fees is crucial, as they play a significant role in determining the overall cost of the loan. With their specialized knowledge and access to a wide range of loan products, brokers are instrumental in helping clients find loans with the most favourable terms. Brokers are adept at distinguishing between secured and [unsecured personal loans](https://jade.finance/personal-loans/unsecured-personal-loans). Secured personal loans often have lower interest rates because they are backed by collateral, such as property or a vehicle, reducing the lender’s risk. Unsecured personal loans, on the other hand, do not require collateral but typically come with higher interest rates due to the increased risk for the lender. The loan amount is another critical factor. Larger loans might have different rates and fee structures compared to smaller amounts. A broker can provide insights into how the loan amount impacts the interest rate and fees, ensuring clients understand the nuances of their loan agreement. Brokers excel in explaining and comparing the ‘comparison rate’ of different loans. The comparison rate includes not just the interest rate but also takes into account fees and other costs associated with the loan. This rate offers a more accurate picture of the true cost of the loan, aiding clients in making an informed decision. Personal loan brokers aim to find the ‘best personal loan’ that aligns with their client’s specific financial circumstances and goals. They consider various factors, including the interest rate, fees, loan terms, and repayment flexibility. By leveraging their expertise and relationships with multiple lenders, brokers can often negotiate better terms than individuals might achieve on their own. ### **Personal Loan Brokers and Debt Consolidation: A Strategic Approach** Personal loan brokers play a pivotal role in assisting individuals who are burdened with multiple debts, offering a strategic approach. When a person faces various debts, such as credit card bills, car loans, or other personal loans, managing them individually can be challenging, especially if each has its own high interest rate and differing repayment terms. This is where debt consolidation comes into play, and personal loan brokers become invaluable. Debt consolidation involves combining multiple debts into a single, more manageable loan. Brokers help clients navigate this process by identifying suitable consolidation loans. They have expertise in comparing offers from various online lenders, which often provide competitive interest rates and flexible terms compared to traditional banks. By consolidating debts, clients usually benefit from a lower overall interest rate, which can significantly reduce the total cost over the life of the loan. By leveraging their network and expertise, brokers can provide personalized advice, helping clients choose the best loan option that aligns with their financial situation and goals. Their guidance can lead to more favourable loan terms, potentially saving clients significant money and simplifying their financial management.” ## **Frequently Asked Questions About Personal Loan Brokers** ### What is a Personal Loan Broker? A personal loan broker is a professional intermediary who assists individuals in finding and securing personal loans. They work with multiple lenders to find loans that match a client’s financial situation and needs. ### How Does a Personal Loan Broker Differ from a Direct Lender? Unlike a direct lender who only offers their own loan products, a personal loan broker provides access to a variety of loan options from different lenders. This allows for more tailored and potentially beneficial loan choices for the borrower. ### What are the Advantages of Using a Personal Loan Broker? Personal loan brokers save time and effort by comparing loan options, negotiate better terms and interest rates due to their relationships with lenders, and provide personalized service based on the client’s financial situation. ### Can Personal Loan Brokers Help People with Bad Credit? Yes, brokers can assist individuals with less-than-perfect credit scores by finding lenders willing to offer loans under those circumstances, often with more favourable terms than might be found independently. ### Are There Fees Associated with Using a Personal Loan Broker? This varies by broker. Some may charge a fee for their services, while others receive commission from the lenders. It’s important to inquire about fees upfront. ### What Types of Loans Can a Personal Loan Broker Help Me With? Brokers can assist with various types of loans, including secured and unsecured loans, specialty loans for specific purposes like small business or home improvement, and more. ### How Does a Personal Loan Broker Determine the Best Loan for Me? Brokers assess your financial situation, credit score, borrowing needs, and preferences to match you with suitable loan options from their network of lenders. ### Is It Faster to Get a Loan Through a Broker or Directly from a Bank? Often, it’s faster through a broker due to their streamlined processes and pre-established relationships with multiple lenders. ### Can Personal Loan Brokers Help with Debt Consolidation? Yes, they can guide clients through the process of consolidating multiple debts into a single loan, often with better terms and interest rates. ### How Do I Choose a Reliable Personal Loan Broker? Look for licensed and experienced brokers with positive reviews and testimonials. It’s also important to ensure they offer clear communication and fully disclose their fee structure. ### **Why a Personal Loan Broker Might Be Your Best Bet** A personal loan broker offers a tailored, knowledgeable approach to borrowing that can significantly benefit a wide range of clients. Whether you’re looking for competitive rates, have unique financial needs, or value expert guidance. Jade Finance is the best option for the [best personal loan broker](https://jade.finance/personal-loan-broker), with over 80 lenders to compare from, meaning we always get the lowest interest rates. This means you have a better chance of finding a loan that fits your needs and can afford. **Categories:** Finance --- ### [Checking Out RV, Boat, Bike and Car EOFY Sales? Here’s What You Need to Know About Deals and Offers.](https://jade.finance/blog/checking-out-rv-boat-bike-and-car-eofy-sales-heres-what-you-need-to-know-about-deals-and-offers) **Published:** May 25, 2026 **Author:** Publisher **Excerpt:** EOFY sales for cars, motorbikes, boats and caravans can include varying types of discounting and buyers should be fully across the deal details before buying. **Content:** EOFY sales for cars, motorbikes, boats and caravans can include varying types of discounting and buyers should be fully across the deal details before buying. End of financial year sale time can be quite frantic with plenty of hype and ads for reduced prices on a wide range of goods. This is a highly anticipated time of the year for many people that have been waiting for the price to come down to buy their new car, boat or caravan. While this can be a great time to buy, buyers can be confronted with not just a simple price reduction, but a range of different deals and offers. Navigating through the options can be confusing for many buyers. The process may slow down the process of securing limited quantity models. Whether in the market for a new vehicle, boat, caravan, motorbike or business equipment, you’ll want to be quick to secure a great deal. To help buyers get across the different types of sale offers and be ready to buy, we provide this explainer with expert tips on what to watch out for and how to secure affordable loans. ## Price Cut EOFY Sales This is the easiest sale to navigate where a set dollar discount amount is advertised. Where a percentage discount is available, buyers will have to do the sums to work out the price. Slightly more complex, but still a lower price and hopefully savings. Buyers should check that the price cut applies to the model that they want. Discounts may apply only to selected ranges or model variants which do not suit the buyer’s purposes. If not ideal, why not check out what’s available from another brand on the vehicle or boat you really want? Also check if the discount is off the entire purchase price. Or especially with cars, are dealer delivery charges on top of that? The colour or other features may not be exactly what you had in mind, but the price cut could be worth compromising on small details. ## What is a Cashback? Cashbacks seem to be offered on many purchases. While popular with dealers and manufacturers, they may not be so popular with buyers. Why? Because the buyer has to do the work to get their discount or cashback. The price cut is not immediately applied at the point of purchase. What is a cashback? The [ACCC](https://www.accc.gov.au "ACCC"), the authority responsible for competition and pricing, explains that a cashback is a type of price discounting. With this type of offer, the buyer needs to either go online or complete a form to send in to the brand or manufacturer to redeem the discount. This means keeping the receipt and ensuring you have all the details – model number, date of purchase, place of purchase, serial numbers and other specifics. The ACCC’s advice to buyers before purchasing is to check if there is a cut-off date to claim the cashback; what steps they need to take to submit their claim; and how long they will need to wait to get their rebate. After submitting a cashback claim, make sure you retain all the details and keep a copy of the claim submission in case there are delays or you need to follow up. Buyers who require a loan to purchase their goods will need to source financing to cover the full price before the cashback is applied. ## Run-Outs and Clearances EOFY sales are often scheduled around the timing of new model launches for the brand. Manufacturers may offer a dealer-wide sale event on current and demo models to clear inventories before the arrival of the new models. Dealers may run their own clearances simply to reduce stock levels. These events typically include reduced prices but may not be ‘store-wide’, ‘brand-wide’ or ‘range-wide’. The clearance may be for just the one or a few models or just on a few vehicles. Caravan dealers will often run clearances on their showroom stock. The sale only applies to those specific RVs, not to orders for new RVs to be built. With marine dealer clearances, the deals may be on boat and trailer packages that are available on the lot. Note that we do offer [Secured Boat Loans](/boat-loans) to cover the full package purchase of boat, motor and trailer. To capture the best deals in these events, it may pay to be open-minded and be quick with your finance pre-arranged. Open-minded to consider another colour perhaps on a demo vehicle, or a top-of-the-range variant with extra accessories. Compromises can be required to realise savings at sale time. ## EOFY Sales With Free Inclusions It’s quite common to see cars, motorbikes and equipment advertised with FREE items included in the price. The price may not be reduced, but the manufacturer or dealer is including extras for the same price. These may be free servicing, extended warranties, accessory packs and motorcycle merchandise. Nice little extras if that is what a buyer wants. Check the details and decide if those FREE items do represent value for you. ## EOFY Sales With Low-Rate Finance Deals Special dealer finance offers at sale time and at other times should be closely studied by buyers before they commit. These types of offers can include a very low rate of interest or an advertised ‘price per month’. The offer can typically include the condition ‘from’ or an asterisk\*. This usually means that not every buyer is eligible or will receive that price or finance offer. Details that buyers should be looking at include – is the type of loan suitable for you? If a business operation, can you choose Lease, [Chattel Mortgage](/business-loans/chattel-mortgage), CHP or Rent-to-Own? Does the advertised interest rate apply to the entire loan term? Does the rate or payments advertised include fees and charges? Are negotiable terms to suit you and deliver payments that suit you available? Who is eligible for the financing? Are there special terms and conditions? To ensure you are getting your best possible finance deal from the most suitable lender, request a quote from Jade to compare with any dealer finance offers. We provide services to individuals and businesses. We source the most competitive rates from 80+ lenders and negotiate directly with lenders on terms and payment schedules to suit buyer budgets and cash flow. With any discounted goods, the price still has to be affordable for the buyer. Use our buying tools — [Finance Calculator](/car-loans/car-finance-calculator) and Rate Calculator — to determine if the goods on sale are in your affordability zone. To be ready to buy, apply for pre-approved finance and set your sights on prices within your borrowing capacity and loan payment limits. **Approach EOFY sales with confidence and with the best finance from Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [How to Find the Best Car to Buy and Best Vehicle Financing](https://jade.finance/blog/how-to-find-the-best-car-to-buy-and-best-vehicle-financing) **Published:** May 11, 2026 **Author:** Publisher **Excerpt:** To find the best car to buy, buyers can draw on resources including the car of the year awards, vehicle sales results, and special offers with price discounts. **Content:** To find the best car to buy, buyers can draw on resources including the car of the year awards, vehicle sales results, and special offers with price discounts. Australians have a huge choice of new cars to purchase with an extensive auto market including many brands, vehicle types and all fuel systems. This wide selection can be exciting for some buyers, offering the opportunity to visit multiple dealerships for close-up inspections and test drives. For others, it can present a nightmare. Trying to decide which is the ideal choice for them from so many options. Trying to find the best car to buy, the vehicle that not only suits their driving and travel requirements, but is reliable and considered a good buy. Buyers face decisions around going low emission or staying with petrol or diesel. Opting for some of the more affordable models coming onto the market from brands that they are not familiar with. Is that a risk? Then there is the price consideration. Should they be guided by the prices advertised by dealers and manufacturers? What does ‘prices from’ mean for the price they will be charged? Buying a new vehicle is not a process that many Australians undertake very often. Most car owners will probably upgrade their vehicles only every 4-5 years. So, when it is time for a new one, they may need some guidance to find their ideal option. That guidance is available from several sources. Buyers may opt to follow the choice of motoring experts with Drive’s Car of the Year awards. Buyers can buy a car that has been voted the best in its category by experts that know their stuff. They may choose to follow the crowd and purchase what many others have already determined is a good vehicle by referring to the data on what models are selling best. Buyers can dig deeper by seeking reviews of different models as published by respected organisations such as the NRMA. If the best car to buy is the model with the best price tag reduction, then heading to the EOFY and run-out sales is an ideal approach. To assist buyers that are in the market for a new vehicle right now, we provide summaries from these sources and provide guidance on motor vehicle financing. An aspect of the purchase that can be the deciding factor for many buyers. ## Select Best Car to Buy from Awards Winners Having experts help you select your vehicle can be a big bonus. That is available to you with Drive’s Car of the Year awards. Each year the experts judge multiple models across many categories to determine an overall winner and the best in each category. The categories cover a wide selection of buyers. The judging is very comprehensive with the experts considering specific criteria with extensive testing undertaken. Vehicles only cover new models that arrived on the Australian market in the specific judging period. Buyers can review all the winners for 2026 at [Drive](https://www.drive.com.au) but here are a few to get you started. The overall winner for the year is Tesla’s Model Y. For a vehicle for urban driving with a price below $30k, check out the Dolphin Essential by BYD. SUVs continue their popularity with Australian drivers and across the different sizes and price ranges the winners emerged as Hyundai’s Kona, Zeekr 7X, Genesis GV70 and Ford Everest. If you’re looking at the luxury market, look at the BMW Series 5 as a winner. [Ford Ranger](https://www.ford.com.au/showroom/trucks-and-vans/ranger/) took out the gong for best dual cab. For those considering switching to an EV, the judges crowned The Tesla Model Y, Polestar 4 and BYD Atto 2 as winners in their respective categories. ## Sales Guidance to Best Car to Buy If you want to save time making your own assessments and let others make the decisions for you, then refer to the [FCAI](https://www.fcai.com.au "FCAI")’s sales results which are released each month. You’ll find the best- selling brands and models for that month. The most recent figures released in early May reveal Toyota, Mazda and Kia as the brands that sold the most units in April 2026. Best-selling models were headed by Toyota’s RAV4 the Ranger, HiLux, Chery’s Tiggo 4Pro, Kona, Prado Sealion 7 from BYD, Haval’s Jolion, Everest and Mitsubishi’s Outlander. ## Best Buys at EOFY Car Sales A reduced price tag can mean the best car to buy for many drivers. The time is coming up for a bonanza in that area with the annual end of financial year sales events and run-out clearances. You may find these offered by manufacturers such as the current offers from [Mitsubishi](https://www.mitsubishi-motors.com.au/offers.html), or direct from dealers. ## Finance for Your Best Car to Buy Everything may be perfect with a vehicle, but if the financing does not suit you, doesn’t work for you, or is priced at too high an interest rate, then it won’t be your best choice. Ensure your best buy is genuinely the best with our [competitive car loan interest rates](/car-loans/car-loan-interest-rates) and personally sourced loans. For an indication of loan payments on models you are considering, use our [Car Finance Calculator](/car-loans/car-finance-calculator) with our latest best rates. Use the calculator to compare rates and models to assist with your vehicle selection. To be fully prepared to capture special deals and limited stock models, apply for finance before heading to the dealership. **Ensure your choice is the best car to buy with the best finance from Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Motor Vehicle Finance for Gig Workers – Affordable Loans Available](https://jade.finance/blog/motor-vehicle-finance-for-gig-workers-affordable-loans-available) **Published:** April 27, 2026 **Author:** Publisher **Excerpt:** Motor vehicle finance for gig workers with little or no work-related financial details is available as ABN Car Loans through brokers and specialised lenders. **Content:** Motor vehicle finance for gig workers with little or no work-related financial details is available as ABN Car Loans through brokers and specialised lenders. Operating in the gig, task or part-time economy is increasingly popular. The number of individuals seeking additional income and options to full-time work continues to grow. The popularity of this sector of the economy is also driven by customer demand for delivery services and alternative transport options. Individuals may choose this style of working as their main and sole source of income, as an extra stream of income, or as an addition to other part-time work. It can suit many individuals — mature and young workers, semi-retirees, students, and those re-entering the workforce. To be eligible to participate with many providers in the gig economy, operators are required to hold an Australian Business Number (ABN) and, for many services, have a suitable vehicle. That can mean purchasing a suitable vehicle and for many, that can mean sourcing a car loan. That is the stage where many individuals may face obstacles – meeting the eligibility criteria for business financing. Holding an ABN is an essential requirement for business vehicle loans. But lenders also require a range of financial records. Many lenders also require the operator to have been in business for at least 12, if not 24, months. Consequently, new workers looking to get into the sector may not meet the criteria for business loan approval. As specialists in car finance, we offer options for business entities and individuals that find themselves in this situation. ## Motor Vehicle Finance for Gig Workers – Options Individuals setting up as a business operation may apply for a business car loan as an ABN-only loan. Alternatively, they may apply for a [Personal Car Loan](/car-loans/secured-car-finance) where they have complete personal financial records. Buying the vehicle as a private vehicle and using it for business purposes may present a more easily attainable option to securing business finance with no docs for some individuals. [Business car loan interest rates](/car-loans/car-loan-interest-rates) are lower than personal car loan rates and tax deductions are available, which makes business finance more attractive. Tax deductions do not apply to personal car loan products. Individuals will need to check with an accountant on the [ATO](https://www.ato.gov.au) rulings for eligible tax-deductible expenses when using a private vehicle for business purposes. Extensive, detailed record-keeping may be required. ## ABN Car Loan – Business Vehicle Finance Individuals that do not meet all the criteria as required by some in the lending sector, can apply for an [ABN Car Loan](/business-loans/abn-loans). This category of applicant can be eligible for business finance with an ABN, ID, minimal or no financial records, and low turnover. This loan is in the same category as Low Docs and [No Docs Car Loans](/car-loans/low-doc-car-loan). Applications typically require the individual to provide their personal financial information. This would include personal income tax returns, previous or current payslips, bank statements, asset details and debts and liabilities. Personal credit scores are checked in lieu of a business credit history being available. ABN Car Loans are not available through all lenders. We have access to specialist lenders that do offer this opportunity. Providing a potential workable channel for individuals to set up and start operating as self-employed. Your Jade broker will handle all lender contacts on your behalf. Sourcing the most suitable lender and the most affordable offer. Applicants can expect there may be conditions and limitations placed on any loan application approval. These may be a limit on the amount that can be borrowed, a higher rate than a business with full documentation would be offered, and extra collateral, in addition to the vehicle, may be required. To be confident that finance has been secured before proceeding to commit to buying, individuals can apply for pre-approved finance. The application is processed and the loan quoted ahead of purchase. Providing the individual with confirmed information on how much they can borrow and what their repayments may be. When the application is approved, the individual can choose which asset credit facility will best suit the structure of the entity. The choices include [Lease](/car-loans/car-leasing), Chattel Mortgage and Commercial Hire Purchase. Consulting with an accountant on this decision is strongly advised. ## Motor Vehicle Finance for Gig Workers – Tax Benefits All business car loans offer tax deductions for vehicles to be used in a commercial operation, for business purposes. Lease provides tax-deductible payments, while Chattel Mortgage and CHP offer a deduction through vehicle depreciation. When purchasing a vehicle with business finance and also using it for personal purposes, Fringe Benefits Tax (FBT) may apply. If a vehicle is financed with a personal loan and used for business purposes, individuals will need to consult an accountant on how the business would reimburse the individual for the mileage and running costs. ABN Car Loans could be the opportunity you have been looking for, to enter the gig economy and generate an income stream. Speak with us about your options. **To discuss your eligibility and options for motor vehicle finance for gig workers [connect with a Jade Finance broker online](/contact-us) or by phone.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Australia EU Free Trade Agreement – Lower Prices for Euro Cars, Machinery, Boats.](https://jade.finance/blog/australia-eu-free-trade-agreement-lower-prices-for-euro-cars-machinery-boats) **Published:** April 13, 2026 **Author:** Publisher **Excerpt:** The Australia EU Free Trade Agreement (FTA) is a trade deal between the two markets to remove most tariffs on imports and open export markets. **Content:** The Australia EU Free Trade Agreement (FTA) is a trade deal between the two markets to remove most tariffs on imports and open export markets. With fuel prices and the Middle East crisis dominating the news cycle, this FTA announcement probably went unnoticed by many Australians. But it is an announcement that should be of interest to anyone considering buying cars, boats, motorcycles, equipment and other goods from European brands in the future. Currently there are tariffs or import duties on almost all goods coming into Australia from European Union countries. These tariffs and duties are paid by the company importing the goods. This is usually the Australian branch of the Euro company, a dealership, or their Australian agent. This duty then flows through to the price that is charged to consumers. Consumers don’t pay this as an additional charge on top of the purchase price. It is factored in as the goods go from the importer to possibly a wholesaler and finally to the dealer for sale to customers. Many European countries are home to some of the world’s most luxurious and aspirational brands. But also to some well-priced and extremely popular makes of cars and other goods. The FTA may bring many of these makes and models into the affordability zone of more buyers. In the motor vehicle market, while the FTA will see some reductions, the Luxury Car Tax (LCT) still remains on some vehicles. But tweaking of this tax is part of the agreement with the LCT thresholds on EVs lifted. While the Prime Minister Anthony Albanese and Trade Minister Don Farrell announced the completion of 8 years of negotiations, the final details and commencement date is yet to be confirmed. ## What is the Australian EU Free Trade Agreement? A Free Trade Agreement, or FTA, is a deal negotiated between countries to allow imports and exports to be traded with duties. Australia has imposed a 5% duty on European goods and the EU has restrictions and tariffs on some Australian products. This new agreement removes most of these duties. The negotiations started 8 years ago, in 2018, but agreement was only finally reached in March this year. It is expected that approximately 98% of products imported into Australia from European Union countries will now be exempt from a trade tariff. Australia also imposes a Luxury Car Tax on vehicle imports above a certain threshold. Thresholds are adjusted each financial year. Crucial to negotiations was easing of the LCT. When the FTA comes into effect, the threshold for LCT on zero emission vehicles will be increased to $120,000. Making many EVs from luxury brands more affordable. ## What Buyers will Notice with EU Free Trade Agreement Buyers of European brands in many sectors – food as well as cars, bikes, boats, equipment and machinery may notice changes to pricing of new goods after the FTA is implemented. The motor vehicle market is a key sector, and buyers may have access to better pricing on many European branded cars. FCAI Tony Weber said that the FTA was welcomed as it brought the EU market in line with tariff-free Asian markets, the largest source market for cars in Australia. Brands to start adding to your wish list may include Audi, Lamborghini, [Porsche](https://www.porsche.com/australia/ "Porsche"), Peugeot, Mercedes-Benz and BMW for starters. The LCT component of the FTA sees the threshold for this tax on EVs increased. This would remove both the tariff and LCT on many models including the [BMW iX3](https://www.bmw.com.au/en/models/x-series/ix3/bmw-ix3.html "BMW iX3") and VW ID.Buzz GTX. Motorcycle brands which may have new model prices reduced include Moto Guzzi, BMW Motorrad, Ducati and Aprilia. Boating enthusiasts may also be in for a welcome reduction on some models from brands such as Beneteau and Jeanneau. While businesses in agriculture and construction may see prices reduced with tariffs removed on brands such as Deutz-Fahr, Liebherr and Claas. The removal of tariffs will apply to new goods entering the country after the implementation date. Models currently in showrooms will already have had the tariff applied and as such no change in price would be expected. The second-hand market would also see no change when the FTA is introduced. ## Will EU FTA change finance and interest rates? The introduction of a free trade agreement between the European Union and Australia will not result in changes to credit products or interest rates. Trade policy does not determine credit facilities or interest rates. Rates offered by lenders are influenced by RBA decisions. [Loan options for cars](/car-loans), boats, motorcycles and [equipment](/equipment-loans), and our competitive interest rate financing will not be impacted in any way when this agreement is implemented. Buyers may however realise a benefit with financing if a lower loan amount is required to make their purchase. Lower prices can mean less finance is needed. This may play out with lower repayments and depending on individual applications, possibly a lower rate offer. Buyers keen to start planning their possibilities can work up loan estimates with our [Car Finance Calculator](/car-loans/car-finance-calculator). When the start date for the FTA is announced, consider applying for conditional loan pre-approval to know exactly which model you are in a position to purchase. **To take advantage of potential lower priced goods when the Australia EU Free Trade Agreement is implemented, [request a finance quote](/free-finance-quote) from Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [New to finance? How to find the best loans - expert assistance, ASIC advice](https://jade.finance/blog/new-to-finance-how-to-find-the-best-loans-expert-assistance-asic-advice) **Published:** April 6, 2026 **Author:** Publisher **Excerpt:** To find their best loans, new borrowers can refer to resources provided by ASIC for financial advice and use a finance broker to source the most suitable loan. **Content:** To find their best loans, new borrowers can refer to resources provided by ASIC for financial advice and use a finance broker to source the most suitable loan. ASIC recently published the outcome of their research which revealed that social media and AI were dominant influences when many young Australians made their financial decisions. While the research findings primarily discuss cryptocurrency investments, the same concept can also apply when borrowing money. Expert assistance, advice and resources are readily available to assist all borrowers – even first timers, find their best loans. Seeking professional advice on finance decisions is always important. With the Reserve Bank increasing the cash rate twice this year already, that advice may make a big difference to your loan. We take advantage of this timely warning from ASIC on investments to explain why sourcing trusted, reputable and professional services when borrowing can also be critical to individual financial circumstances. ## ASIC Alert In revealing the results of their recent research on Gen Zs, [ASIC](http://www.asic.gov.au) has urged younger people to ‘sense check’ advice sourced regarding money. Stating that social media can fuel risky decisions around finances. The research showed that nearly 66% of Gen Zs use social media and around 20% use AI when making financial decisions. The study found that while many had a ‘strong appetite’ for content that was trustworthy, searches often led to sources focused more on engagement than accuracy. Outcomes which were seen as contributing to riskier decisions, especially in regard to cryptocurrency investment. On a positive note, the research revealed that 60% did use professional or formal sources and 50% friends and family. But social media was a dominant influence. Alan Kirkland, the ASIC Commissioner, said that while social media was part of our lives, younger Australians should seek a balance with evidence-based and reputable information. Taking time to check and compare the information with trusted sources. Mr Kirkland said social media financial information and from AI may be incomplete, misleading and of a promotional nature. ## Why is it Important to Get Your Best Loans? While the ASIC study results discuss investment primarily, many may use the same sources and tools when making loan decisions. Sources which may limit the opportunity to find the most suitable and best loan available. Loan products, interest rates, terms and conditions vary across the lending market. [Consumer loans for cars](/car-loans/secured-car-finance), boats, [motor bikes](/bike-loans), caravans and personal items can have numerous differences depending on the lender and the individual borrower. The interest rate affects the repayments. You will be making these repayments every month for the term of the loan. Sign up to a loan with a rate higher than you may have been offered and you’ll not only pay more than you could have each month, but you’ll be paying more than you could have for the goods. If the repayments put pressure on the budget this could lead to a loan default. Default on a loan and not only might the goods be repossessed, but the borrower can have their credit score significantly damaged. In the current lending market with rates recently increasing, it is more important than ever in the past few years to ensure you have secured your best rate and your best finance offer. ## Best Loans Assistance – Using a Broker Using a trusted, [licensed finance broker](/personal-loan-broker) provides borrowers with access to professional expert advice and a vast selection of lenders. All borrowers can use the services of a finance broker with no referral required. Brokers are licensed through ASIC and must adhere to the Guide for Responsible Lenders. Providing borrowers the assurance that their best interests are being addressed. Brokers are not lenders. They have accreditation with lenders. This allows them to source loans for their clients through those lenders. A broker will take your brief, discuss your financial objectives and find you the most suitable loan to meet your requirements. At Jade, we are accredited with more than 80 lenders. This allows our brokers access to extensive coverage of the lending market and the ability to find the best possible rates. There is no need for borrowers to risk relying solely on influencers, social media and AI when real people, finance professionals, are available to assist them in sourcing their finance. Whether it be for a car loan, marine finance, motorbike, or a personal loan for a range of expenses, your Jade broker will find your best offer. ## Personal Loan Resources – Moneysmart Resources are also available through ASIC’s [Moneysmart website](http://www.moneysmart.gov.au). The site recently received a refresh and provides important educational material to assist borrowers to make more informed decisions around their finances. Moneysmart provides a free resource which is independent and packed with trusted information and can make a great starting point for those that are new to taking on a loan. **For trusted, reliable services to find your best loans, [contact a Jade Finance broker](/contact-us).** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Do you need a large income to get approved for a car loan?](https://jade.finance/blog/do-you-need-a-large-income-to-get-approved-for-a-car-loan) **Published:** February 16, 2026 **Author:** Publisher **Excerpt:** Applicants do not always need a large income to get approved for a car loan as approval is based on the credit score, eligibility, financials and the LVR. **Content:** Applicants do not always need a large income to get approved for a car loan as approval is based on the credit score, eligibility, financials and the LVR. When assessing credit applications, lenders look at all the factors. While the salary or earnings will be important for the person to afford the repayments, a lower salary does not exclude an individual from being approved for vehicle finance. Individuals in a lower salary band but with a strong personal balance sheet and good credit score can be approved. While high-earning individuals with high debt and less than good credit score may not be approved. Businesses with lower turnover can be approved by meeting other lender criteria such as providing additional collateral. The salary or earnings requirements for finance approval can vary with individual lenders. Banks and non-bank lenders have their own guidelines and criteria for approving applications. Some may include a minimum personal income or business turnover level. Finding the lender that matches the applicant’s profile may be key to approval and an affordable finance offer. We assist both lower and high salary applicants find their most suitable lender with our access to over 80+ lenders. ## Requirements to Get Approved for a Car Loan There are different requirements for businesses and individuals for vehicle finance approval. Personal vehicle finance applicants must meet the requirements as set out by and regulated by [ASIC](https://www.asic.gov.au "ASIC") under consumer credit laws. Business finance is not regulated in the same way and applicants must meet the individual lender’s criteria. Applicants for personal loans must be over the age of 18 years, have Australian citizenship or acceptable visa, have employment, provide their financial documentation, ID, residential and other details. Businesses are required to have an ABN, ID, and provide a range of financial documentation on the operation for a minimum of 12 months. Some lenders also have criteria for minimum trading periods and minimum turnover. Businesses that do not have full documentation and do not meet minimum criteria may apply for [Low Docs Vehicle Financing](/car-loans/low-doc-car-loan). ## How Income to Get Approved for a Car Loan is Assessed When applying for [vehicle finance](/car-loans), the lender will assess the individual application for the borrowing capacity or power for that person. This is the amount that the lender is prepared to extend to that person at a certain interest rate. Borrowing capacity is based purely on income and expenses. The credit score and other factors are not assessed in determining borrowing capacity. Lenders will use similar formulae and processes in determining borrowing power. What may be considered as a protection for lower earners is that lenders must abide by ASIC regulations when approving applications and making finance offers. These regulations include not approving a loan that is unsuitable or unaffordable for the individual. This only applies to personal loans. Borrowing power provides applicants with an indication of what they can borrow, but not necessarily what car they can buy with finance. The amount being borrowed compared with the value of the vehicle is also key to getting approved for vehicle finance. This is known as the loan-to-value ratio (LVR). Where the loan represents a high percentage of the price or value of the vehicle, this may be considered a higher risk. A higher interest rate may be applied, or the application may be rejected. Using a trade-in or making a deposit to reduce the amount required for the loan can improve the LVR and the prospects for approval. ## Know if You Have Enough Income to Get Approved for a Car Loan The quickest way to find out if you are earning enough to get approved for vehicle finance is to apply for conditional approval. But be aware, applying to multiple lenders for the same loan can result in a downgrading of the credit score. Using a broker to cover the lending market and source the loan does not affect the individual’s credit score. Conditional finance approval is approval of an application prior to a vehicle being purchased. Applicants can lodge their application with an estimate of what they would like to borrow and an indication of the vehicle they are looking to buy. Applications are processed and the approved borrowing capacity and estimate of rates and repayments may be obtained. Conditional approval may be sought a long way ahead of purchase. There is no obligation attached. When the time to purchase approaches, buyers can apply for pre-approved finance. This provides them with a specific finance quote which is valid for 1-6 weeks, depending on the lender. Seeking approval prior to purchase can be a smart move. Buyers know if they are approved and for what amount. Allowing them to find the vehicle in a price range that suits their loan payments. ## Tips for Lower Income Earners to Get Approved If you’re unsure if you have sufficient income to get approved for a car loan, here’s a few tips from our experts: - Use a broker to assist you find the right lender and advise you of your options. - Improve your financials and personal balance sheet by paying off other loans and debts before submitting an application. - Consider reducing the amount you need for the loan with a larger deposit and/or selecting a lower priced vehicle to reduce repayments to an affordable level. **To find out if you have sufficient income to get approved for a car loan connect with Jade Finance online or by phone.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Do all personal loan rates increase with RBA rate rise?](https://jade.finance/blog/do-all-personal-loan-rates-increase-with-rba-rate-rise) **Published:** February 16, 2026 **Author:** Publisher **Excerpt:** Personal loan rates on new loans and on existing variable rate loans may increase in response to the RBA cash rate rise depending on the lender and type of loan. **Content:** Personal loan rates on new loans and on existing variable rate loans may increase in response to the RBA cash rate rise depending on the lender and type of loan. [The Reserve Bank (RBA)](http://www.rba.gov.au) the official cash rate on 3 February by 0.25% to 3.85%. The decision to increase the cash rate was made on the back of a rise in inflation which RBA Governor Michele Bullock said is now above the RBA’s target and will likely stay above that target for a while. Banks and lenders can choose whether or not to follow the RBA and reprice their lending products. What credit products and what rates change after an RBA decision is totally up to the lender. But it is typical for lenders to increase variable rate loans and fixed rate credit products may also see a rate change. This may apply across the portfolio of secured and unsecured credit products or only on a selection of loans. ## Why RBA Decisions Cause Personal Loan Rates to Rise The RBA sets Australia’s official cash rate. This is not the interest rate that borrowers will be offered on personal loans or other types of credit products. The cash rate is the overnight lending rate for loans between banks. As this is an interest rate charged to lenders, the cash rate reflects the funding costs of the lenders. Lenders set the rate they will charge on different loans based on a number of factors. These include the cash rate as a base, their own costs of acquiring funding, operational costs, risk assessment of the specific lending market, and their appetite or interest in lending in a particular market. Those lenders that are particularly interested in being active in a certain market typically offer the most competitive rates. Lenders are not compelled to make rate changes when the RBA changes the cash rate. But most will. This is seen within days in the home loan market where variable rate loans are changed, usually by the amount of the RBA change. This is referred to as ‘passing on’ the increase or cut to customers. In other markets such as motor vehicles, recreational goods, and general-purpose personal loans, the decision around changing their current advertised rate is with the lender. This leads to a situation where there can be variations in rates across the market. ## Personal Loan Rates – Existing Finance Not all personal loan rates will be increased following an RBA cash rate rise. Borrowers with existing loans that have a fixed rate, will not see their rate or repayments change. Fixed rate loans include [Secured Loans](/car-loans/secured-car-finance) for cars, boats, caravans, motorbikes and other goods that can be used as loan collateral. Borrowers with existing loans that have a variable interest rate can usually expect to have a rate increase. A variable interest rate is subject to market fluctuations – both cuts and increases. When the rate changes so does the monthly payment. Variable rates apply to some [Unsecured Personal Loans](/personal-loans/unsecured-personal-loans) that can be used for a wide range of expenses such as medical, travel, weddings, education and household goods. When a variable rate loan changes, lenders will advise their customers of the upcoming change. Where a borrower finds an increase to their variable rate loan makes the repayments an unworkable proposition, they may consider refinancing by seeking a lower rate from another lender. Our brokers can assist borrowers that are seeking a lower rate on an existing loan. ## Variations with New Personal Loan Rates When applying for new loans, applicants will notice variations across the lending market. While there are rate variations with lenders offering personal loans, there will also be variations in the rate that individuals are offered. Lenders assess each application to determine the rate they will offer to that individual for the specific purpose of the finance. The interest rate is essentially the lender’s assessment of the risk of lending to that individual. The rate offer will primarily depend on a amount being borrowed compared with the value of the goods, the financial position and credit score of the applicant and what collateral is provided for the loan. As unsecured loans do not require collateral, the rate is always higher than for a secured loan. Lenders will advertise their best rate for applicants that have a good credit score for a loan on new goods. A comparison rate is also displayed for consumer loans. This is the rate on a particular loan example when the advertised rate is applied, and some lender fees are included. Rates vary with the types of loans – secured and unsecured and may vary for different categories of goods such as motor vehicles compared with recreational goods. Some lenders have maximum limits on how much they will loan on their different credit products. Individuals will be advised of their borrowing capacity – how much they can borrow, when they apply for the loan. ## Comparing Personal Loan Rates Individuals seeking new loans can [compare our current rates](/personal-loans/best-leisure-rates) to plan their purchase and finance. We have the tech to stay across lender rate changes and source the most competitive rates on the market. To assist loan-seekers find their best rate offer, our broker services are readily available to all eligible applicants. Contact can be made online or by phone. For the most competitive personal loan rates, connect with Jade Finance online or by phone. *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [What will we see with loan changes from RBA rate increase?](https://jade.finance/blog/what-will-we-see-with-loan-changes-from-rba-rate-increase) **Published:** March 20, 2026 **Author:** Publisher **Excerpt:** Loan changes from RBA rate increase announcements may be seen in existing variable rate loans across consumer, business and home loan markets. **Content:** Loan changes from RBA rate increase announcements may be seen in existing variable rate loans across consumer, business and home loan markets. Lenders across most markets typically change their interest rates following a Reserve Bank cash decision. But those changes are not uniform across the lending industry. While mortgage rate changes are usually passed on in full to customers by lenders, changes in other sectors can vary. Lenders determine their own rates and the timing of any alterations, either up or down. The March 17 decision by [the Reserve Bank](https://www.rba.gov.au "the Reserve Bank") Monetary Policy Board sees the cash rate rise by 25 basis points to 4.1%. This is back to where the cash rate sat in February 2025, just over a year ago. Two rate cuts then followed in May and August as the rate of inflation started to fall. The cash rate remained at 3.6% until the February 2026 when the RBA increased it to 3.85% following a significant spike in inflation. Inflation is again at the centre of the latest decision, fuelled in part by the effect on global oil markets and shipping of the conflict in the Middle East. - What could happen with your loan? - What interest rate will you get on a new loan? For current loan holders and businesses and individuals planning to take on finance, we cover off on the March RBA interest rate decision and how competitive rates can be achieved through Jade. ## What caused the RBA rate increase? In announcing the RBA’s March monetary policy decision, Governor Bullock said Australia’s inflation rate was too high before the spike in fuel prices and the Middle East conflict. Ms Bullock explained that adjusting the cash rate was the RBA’s only tool for tackling inflation. The risk on not acting now was seen as too high as inflation could increase and be more difficult to control at a higher rate and a later time. Uncertainty around the Middle East situation is a major concern to the Board with the timing of how long the conflict would continue and the effects on both the domestic and global economy unknown. The timing of the decision was given as the reason to a split between Board members. Five board members voted for a rate increase and four to hold the rate steady. But all were agreed that a cash rate increase was required. The four were in favour of waiting for further data and developments. That data will be available on 25 March with the next inflation rate statistics from [the ABS](https://www.abs.gov.au "the ABS"). The RBA Monetary Policy Board next meets on 4-5 May to make the next cash rate decision. ## Consumer Loan Changes from RBA Rate Increase Consumers with current loans that have a fixed interest rate will not see any change to the rate or repayments. These types of credit include [Secured Loans for cars](/car-loans/secured-car-finance), boats, motorcycles and caravans and Personal Loans with a fixed rate. Loans at a variable interest rate such as [Unsecured Personal Loans](/personal-loans/unsecured-personal-loans) will be subject to the lender’s decision re adjusting the current rate. New loan applications will be priced at current rates. We continually update [our Rate Tables](/car-loans/car-loan-interest-rates) for buyers to get estimates on the finance they are planning. ## Business Loan Changes from RBA Rate Increase Commercial credit lenders can vary in their responses to RBA decisions. This sector can be highly competitive with many specialist non-bank lenders. Asset finance with fixed rates will remain unchanged over the full fixed term. Finance with variable rates including Lines of Credit, Trade Loans and Business Overdrafts are likely to change. If planning to take on new finance, [refer to our latest rates](/business-loans/business-loan-calculator) in the relevant market. Our rates have been updated to reflect the latest lender adjustments. ## Home Loan Changes from RBA Rate Increase [Home loans](/home-loan) are typically the first market to see changes following RBA cash rate decisions. The latest decision will see variable rate mortgages increase in line with the 0.25% increase as lenders pass on the rate rise. For a $500,000 mortgage than can represent around a $76 increase per month, for a $600,000 mortgage approximately a $100 per month rise, and those with a $1,000,000 mortgage may expect an increase in the vicinity of $151 in monthly repayments. Dependent on lender and the current rate. Mortgage holders that have effectively utilised their offset account in recent years, may be well-placed to handle their rate increase. Rate increases can be a good time to consider whether refinancing may improve your position. Mortgage holders can speak with our specialist mortgage brokers about their options for switching to a better rate. ## Access Most Competitive Lending Rates While lending rate markets are expected to rise following the RBA March decision, variations will continue to be seen across all sectors. With our access to 80+ lenders, we remain well-positioned to find customers their most competitive rate. **With loan changes from RBA rate increase, [speak with a Jade Finance broker](/contact-us) about your prospects for a better rate.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [What is the most suitable home improvement loan for small jobs?](https://jade.finance/blog/what-is-the-most-suitable-home-improvement-loan-for-small-jobs) **Published:** November 26, 2025 **Author:** Publisher **Excerpt:** A home improvement loan may be provided with an Unsecured Personal Loan for small jobs such as new kitchens, bathrooms, painting, landscaping and repairs. **Content:** A home improvement loan may be provided with an Unsecured Personal Loan for small jobs such as new kitchens, bathrooms, painting, landscaping and repairs. A range of other smaller upgrades requiring DIY and/or tradespeople can be financed. With more free time, the holiday period is a popular time for many homeowners to get into improving their property. Improvements may be for the purpose of increasing the value of the property. Possibly handling some long-overlooked repairs and upgrades to prepare the house for the new year sales season. Or possibly finally responding to requests from a partner. With fast loan approval available, we may have your finance available well in time to get your place spruced up over the holidays. Ready to entertain guests, have more liveable space for a growing family, or to enjoy a change of décor and less recurring problems. ## Types of Loans for Home Improvements Finance is available to fund small projects as opposed to large-scale alterations is typically provided with [Unsecured Personal Loans](/personal-loans/unsecured-personal-loans). This is a very versatile credit facility as it does not require collateral and can be used for a wide range of personal expense purposes. Unlike finance for a car or boat, the purpose of unsecured finance is not required to be used as the loan security. As no collateral is required, the interest rate is higher than for a secured loan which has the collateral of the purchase as lender’s insurance. Homeowners with equity in their home may include that in their application to contribute to a better rate. Unsecured Personal Loans may be arranged at a fixed or variable rate, over a fixed term, and with regular monthly repayments. Should a variable rate change over the term, the repayments would also change. Additional payments are allowed. Many lenders offer this type of credit, but features of individual loan products can vary, along with the rates. Some lenders have maximum lending limits. The limit you will be approved to borrow will be assessed and based on your credit profile and financials. To apply for an unsecured loan, applicants will need to provide their financials, ID and other details as is required under Consumer Credit Laws regulated by [ASIC](http://www.asic.gov.au "ASIC"). Small house improvements would not require plans to be included with the application. Where a larger scale project is being planned which includes major structural works, a Construction Loan would be required. These are structured differently to Unsecured Personal Loans, have deposit requirements, and do require council-approved plans and builder quotes. Investors seeking to improve an investment property may require different credit facilities, depending on the scale of the works. Speaking with one of our brokers can quickly clarify what type of finance product is most suitable for your project. ## What jobs would a home improvement loan cover? The range of improvements which may be financed with a personal loan can be extensive. They may involve DIY projects where the homeowner has significant materials and supplies to purchase. They may require payment to professional trades people. Replacing and installing a new kitchen or bathroom may be considered a project financed with a personal loan, subject to any structural wall changes. Painting the exterior or interior throughout and carrying out repairs and maintenance to electricals, plumbing and roofing may also be eligible for this type of credit. Landscaping and installing new bi-fold doors to create an entertaining space of family room may be on your planning list. With storm season in full swing, homeowners may be looking at installing some form or protection for their property or having work carried out to better protect from falling trees and flash flooding damage. To confirm what type of finance is most suitable for the projects on your to-do list, simply contact us online or by phone for one of our brokers to clarify your specific options. ## Planning Your Home Improvement Loan To plan the affordability of taking on your project with financing, refer to [our Personal Loan Calculator](/personal-loans/personal-loan-calculator). This device will allow you to DIY your own finance estimates based on different project budgets and tailor your plans to your most affordable repayments. Simply vary the loan amount to allow for more trades and note the difference in repayments if you get professionals to help with the work, or if you do the job yourself. ## Get Quick Loan Approval for Holiday Projects You may think you’ve left it late in the year to get on with those summer jobs around the house. But with our fast 24-hour finance approval, you may have your funding approved asap and you can get on with making plans to improve your property. [Applications](/personal-loans/personal-loan-apply) can be submitted online or by phone. **For quick approval on a home improvement loan with your most competitive rates, apply now with Jade Finance online or by phone.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Unlocking Growth: The Case For Financing Your Construction Equipment](https://jade.finance/blog/unlocking-growth-the-case-for-financing-your-construction-equipment) **Published:** July 29, 2024 **Author:** Publisher **Content:** The world of construction is an expensive one. It often requires large investments in state-of-the-art equipment to ensure you’re staying competitive. And while outright purchases might make more sense in terms of simplicity – financing construction equipment can form an important part of a more convenient financial strategy. In this guide, we’ll explore the benefits that can be extracted from construction equipment financing. Including improved cash flow management, and harnessing up-to-date machinery while avoiding huge upfront costs – financing has a wide array of advantages suitable for both established and growing companies. ## Why Finance Construction equipment? ### 1. Better Cash Flow Management To stay as competitive and as efficient as possible, acquiring cutting edge equipment is an essential part of a construction company’s operation. However, it can also place enormous strain on a company’s financial resources. This is why many businesses will turn to financing such as leasing and loan products. Offering fantastic flexibility in terms of payment terms, these financing options can be specifically tailored to a company’s unique financial needs. By choosing to finance your construction equipment, you will avoid the large upfront payment and instead pay over a more extended time frame via manageable periodic payments. By paying periodically, a construction company will preserve their capital for other needs within the business. Financing ensures funds aren’t tied up in machinery, thus offering flexibility in allocating this resource elsewhere. ### 2. Tax Benefits Tax advantages are a major drawcard when it comes to running a business. They are also another important reason why construction equipment financing is an important consideration to undertake. In addition to easing cash flow, exploring equipment financing can allow you to deduct monthly loan payments as an operating expense, thus reducing your taxable income. By making these monthly deductions, your company’s tax liability will be significantly reduced, which in turn will lead to greater savings. However, it’s important to discuss the tax implications and benefits specific to your own financial situation with an accountant or tax advisor. ### 3. Harness the Latest Technology In our ever-evolving, fast-paced world – keeping up with the latest tools is an ongoing challenge for construction companies. But with equipment financing, it’s made much more simple. Rather than continuing to use old, out-of-date machinery – financing enables companies to get the newest gear and technology thus leading to better and more efficient operations. In the context of equipment financing, selecting a lease or a loan product is not just about saving money. It also provides businesses with the right equipment to do the best job they possibly can. To put it simply, by financing your next piece of construction equipment – you will be helping your company stay modern and competitive in a saturated market. ### 4. Productivity and Task Streamlining Ditch the constant repairs or slow machinery by financing your construction equipment. By using a lease or loan product for your next big purchase, you can help keep the workflow of your business smooth and consistent. Updated equipment often performs better and faster, and in turn the chances of unexpected breakdowns are reduced significantly. Due to this – work on a site can continue without interruptions, overall assisting the productivity of business operations. Additionally, newer equipment often has advanced features that can assist in task streamlining and shorter job completion timelines. ### 5. Quicker Investment Return While undertaking a loan for construction equipment may be spread over a longer period of time, the benefits of the equipment, in terms of revenue and operation, are enjoyed immediately. By funding equipment via financing the return on investment is essentially accelerated and can help to position a business advantageously in a competitive market. Additionally, with finance, downtime in the company will become more rare, leading to the output and quality of the operations being significantly increased. Due to this, construction businesses can expect to reap a much quicker return on investment. ### 6. Flexibility via Asset Management When running a business, flexibility can be hard to come by. So, when an opportunity arises for you to grab it – you’ll want to take it. Financing can often provide a variety of options at the end of the financing term. This can provide a very strategic way to manage your assets. Simply put – at the end of a financing term, borrowers won’t typically be locked into a single choice. They will generally be provided with a choice depending on their current needs and market conditions. For example, if the equipment has proven invaluable and still holds significant utility – you can choose to buy it outright. However, if there is newer technology now on the market that better serves your requirements – you can choose to upgrade instead. Alternatively, if the equipment no longer aligns with your company direction – you can choose to return it. By financing, a business can be more adaptable, therefore staying nimble and aligning more closely with the operational and financial goals of the company. ### 7. Preserving Lines of Credit By choosing not to exhaust your credit on a large construction equipment purchase, a business will be able to retain their resources for unforeseen expenses, emergencies, or other business ventures. When a business chooses to finance their construction equipment, this is a strategic decision to protect its existing lines of credit. In turn, this can demonstrate the business is careful with their funds and ensures its growth won’t be limited due to a lack of accessible funds. ## Final Thoughts If you’re a small business owner – construction equipment might be a high cost for you to consider. However, to take on more work and grow the business, it is an essential part of the process. In Australia, there are many different finance options available that make obtaining equipment possible. Financing ensures businesses don’t overspend on equipment they may only need temporarily. It also requires a much smaller upfront cost compared to buying equipment outright. With a large suite of equipment financing options available in Australia, including hire purchase, operating lease, financial lease, and more – it’s important to do your research to ensure you are obtaining the right loan for your situation. ## Finance Your Construction Equipment With Jade Finance Limiting your loan options to just one bank or one lender is limiting your business growth and investment opportunities. Our team at Jade breaks those limitations by offering you more lenders, options, and chances to reduce your financing costs. With most banks and lending facilities available to us, we can broaden your options to secure better financing deals that support your business. We will support your business beyond just one loan – as a respected client we can work with you to revitalise your operation with cheaper, more affordable finance options across multiple areas. **Elevate your construction equipment financing with our expertise. Call us today on 1300 000 003 or [request a quick quote](https://jade.finance/free-finance-quote "Free Finance Quote").** **Categories:** Finance --- ### [The Lowdown on Credit Scores: A Comprehensive Roadmap to Your Credit Rating](https://jade.finance/blog/the-lowdown-on-credit-scores-a-comprehensive-roadmap-to-your-credit-rating) **Published:** June 17, 2024 **Author:** Publisher **Content:** Have you ever borrowed money online? What about from a bank? Or from a private investor? If the answer is yes, you have a credit score. That is, your borrowing and repayment history. Sometimes referred to as your credit rating, lenders will use this information to decide whether or not to lend to you. If a lender is willing to lend money to you, your credit score will help them determine your credit limit as a borrower, the interest rate they will offer you, and any other applicable conditions. Simply put, your credit score is your reputation as a borrower. So it’s important to maintain a good credit score to ensure you can borrow necessary money now and in the future. ## But what is a good credit score? Anyone who has ever opened a line of credit will have a credit report. A credit report is an information statement about your credit activity and current credit situation. Most credit reports will show your credit score as a number between 0-1200 or 0-1000 depending on the scoring model being used. As a rule of thumb, the higher your number within the model, the better your credit score. When considering scores within the 0-1200 model, any number above 661 is considered ‘good’, and a score above 853 is considered ‘excellent’. When considering scores within the 0-1000 model, any number above 540 is considered good, and a score above 690 is considered excellent. According to [credit reporting company Equifax](https://www.equifax.com.au/personal/), the average credit score among Australians is 855. So, as a country, we are doing pretty well. What a good credit score means is that you are a responsible borrower. This means your chances of being approved for a loan are increased. However, lenders also take into account other factors affecting individuals including employment, income, and debt when deciding whether to lend to someone. ## What products require a good credit score? Although many factors are taken into account when a credit application is being assessed, if you have a good credit score, you will find it easier to get approved for: - [**Personal Loans**](https://jade.finance/personal-loan-broker) Loans for things like debt consolidation, home renovations, and personal lines of credit will take into account your credit score. - [**Car Loans**](https://jade.finance/car-loans) As these are typically secured loans, they are less risky for lenders. But some lenders may still only consider borrowers with good credit scores. - **Credit Cards** A good credit score will enable you to obtain credit cards with higher limits. - **Home Loans** The higher your credit score, the more willing home loan providers will be to work with you. ## What is a bad credit score? The exact range for a bad credit score in Australia will depend on the scoring model being used, but usually a number between 300 and 500 is considered a bad credit score. Lenders will regard individuals with higher scores to be lower risk and individuals with lower scores to be higher risk. ## How could a bad credit score affect me? A bad credit score can significantly affect your credit report. Basically, it tells lenders that you have a less than ideal reputation, or even a very poor reputation, for borrowing money. Which I think we can agree does not sound like someone to trust with a loan. These are just some of the ways a bad credit score can affect you: - **Higher Interest Rates** Typically, the interest rates that are advertised by lenders are only available to borrowers with ‘excellent’ credit scores. An additional 1-3% will usually be added for borrowers with ‘very good’ credit scores, and approximately 3-6% for borrowers with a ‘good’ credit score. - **Loan and credit application rejection** With a lower credit score, your loan and credit applications will typically be subject to more rejections. Sometimes you might not even meet a lender’s minimum requirements and will receive an instant rejection. - **Renting Difficulty** As if finding a place to rent isn’t hard enough, if you have a bad credit score you could be shooting yourself in the foot even more. Landlords will often run a credit check to determine if they think you will be able to pay rent on time. If you’ve had a history of late payments, they will be less likely to rent to you. - **Paying higher premiums** If you have a poor payment history or outstanding debt, chances are high that most insurance companies will charge you a higher premium than others. ## What actions will decrease my credit score? Missing monthly repayments, paying monthly repayments late, defaulting on payments, entering debt agreements, declaring bankruptcy, and frequent credit enquiries are just some of the aspects that contribute to a bad credit score. Some of these factors can stay on your credit report for more than seven years, but less severe factors will usually be removed after two or five years. Something important to note is that even after you pay off an outstanding bill, it will remain on your report for another five or seven years. ## How can I increase my credit score? If you have a bad credit score, all is not lost. Your credit score is not a permanent number and, through consistency, it is possible to improve your credit score and become an ideal borrowing candidate. Some positive behaviours you can undertake to improve your score include: - **Paying off old debt** The first thing you need to do is pay off any outstanding debt and settle your accounts. Paying off debt can significantly improve your credit score, but it also lowers the amount of interest you will need to pay over time. - **Apply for short term loans** With a bad credit score, you can still apply for short term loans. Choosing to repay them on a regular basis, and not missing any payments, will boost your credit score. - **Pay on time, every time** Consistency is key when it comes to a good credit score. Paying bills on time, every time, will stand out in your payment history and make lenders more comfortable lending to you. A key way to make sure you don’t miss these payments is to set up an autopay mechanism for recurring payments. You can also discuss easier repayment options with credit providers and adjust your due dates if multiple bills are culminating on the same day. - **Check your credit report regularly** By analysing your credit report you will be able to identify the specific factors that are bringing down your score. In addition, if you see any errors showing up on your credit report, it is important to dispute them to get them taken off quickly and improve your score. - **Don’t apply for multiple credit products at the same time** If lenders can see you have been stretching yourself thin by applying for multiple credit products simultaneously, they will be less likely to lend to you. In addition, if you apply for multiple loans or credit cards at the same time, this can generate several hard inquiries on your credit report and bring your score down. As a good rule of thumb, if you have been rejected for a loan, you should wait two weeks – two months before applying again. ## How to access your credit score Individuals are entitled to receive a number of free copies of their credit report every 3 months. There are companies that advertise a fee to provide a copy of a credit report. Before jumping in for those services, it may be advisable to consider your free options first. The Federal Government [MoneySmart](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) website provides information on where to access a free copy of your credit report. This information includes the contact details for several credit reporting agencies. ## Looking for a business loan? Get the best deal available with JADE Finance Although good credit generally means lower rates, [JADE Finance](https://jade.finance/) has a variety of services available, regardless of credit score. Based on our realistic view, we completely acknowledge certain events can occur that negatively impact a business’ credit rating. Our database of banks and lenders is extensive and we have the knowledge and expertise to connect you with the ones that provide loans to individuals and businesses with a variety of credit scores. So, even if you have had a loan application rejected by a bank or lender, our loan brokers are happy to discuss the options available. Get in touch to see how we can help you by calling 1300 000 008, or securing a [Free Quote](https://jade.finance/free-finance-quote). **Categories:** Finance --- ### [Teaming Up for Success: The Power of Partnering with a Broker](https://jade.finance/blog/teaming-up-for-success-the-power-of-partnering-with-a-broker) **Published:** June 17, 2024 **Author:** Publisher **Content:** Nobody likes to waste their time, experience unnecessary hassle, or feel limited in what they can achieve. And honestly, these frustrations are completely avoidable on your journey to secure a personal or business loan. How? Through partnering with a finance broker, navigating the complex lending market is greatly simplified, and you can find the best loan for your circumstance. While many people elect to take on the process alone, which is completely fine… there are plenty of other things you could be doing while someone else does the legwork. ## But what is the power of partnering with a broker? Simply put – Time is power. Expert advice is power. Financial insight is power. Money-saving is power. The list could go on. But in this guide we will touch on some of the most basic reasons why you should team up with a [personal loan broker](https://jade.finance/personal-loan-broker) to secure your next loan. ### Lender Access The first compelling reason why using a finance broker is advantageous is because of the extensive portfolio of banks and lenders they have easy access to. This extensive access means that a broker will be able to fit you with the right product or loan for your circumstance. If one lender does not have the best product for you, finance brokers have a long list they can work through until they find a product that is in your best interest. ### Expert Advice Many brokers have years of experience in the financial services industry and are ripe with expert advice. They take the time to explore your individual situation to determine your financial goals and assess them properly against what is on offer in the market. This professionalism and expertise means that they are able to compare rates, negotiate terms, and manage the application process with ease. And if this isn’t enough to have you looking up ‘*personal loan brokers near me*’, they are also able to suggest financial solutions that you may not have considered before. Simply put, by leveraging the expertise of a broker, you will be more informed and confident when making decisions over your finances. ### Financial Insights Finance brokers have access to a wide variety of established and emerging digital and technical tools, and have the knowledge on how to use them properly to obtain important information. Through these tools and the experience of knowing how to interpret the data, brokers can provide valuable insights to the financial market that you might not see yourself. If you are a [sole trader](https://jade.finance/business-loans/sole-trader-loans), one benefit of this insight is that a broker will know which lender is going to suit you best and offer you the best deal. Brokers are the first to learn about global trends within the financial market, all of which will help you receive a competitive deal. ### Better Interest Rates Loan brokers will often have access to exclusive deals and lending options. More often than not, these deals may not be available to the general public. By electing to use a broker to secure your loan, you could receive better interest rates, fees, and terms for your circumstance. This is because brokers are able to not only access exclusive deals, but also shop around and compare policies, increasing the likelihood of [finding better rates](https://jade.finance/business-loans/commercial-business-car-loan-rates). ### Personalised Service Your specific needs, circumstances, and preferences are of importance when it comes to securing a loan. Finance brokers take the time to understand these crucial factors to find solutions that fit your financing requirements. As an added benefit, this ensures that you’re not paying for things you don’t need. An added bonus of using a broker is that they are committed to building a long-lasting relationship and can provide ongoing advice to you as your needs change. ### Time The loan market is highly-competitive, and can make finding the right loan for you incredibly daunting. Not to mention contacting banks and comparing loans online is time consuming. By using a broker, you can avoid all this. Head out to lunch or spend time with the family while they scour the market for the right deal for you. ## Why Should I Partner With a Broker at JADE Finance? With over 25+ years of experience, Jade Finance has a large office of fully qualified, well-trained, licensed professionals who are committed to their clients through the peaks and troughs of the ever-evolving financial services industry. With new players constantly emerging, and existing companies expanding their products and offering – Jade Finance is a strong, stable company that you can trust to uphold your best interests. To get in touch with one of our brokers, call 1300 000 008 or [**Request a Quote**.](https://jade.finance/free-finance-quote) **Categories:** Finance --- ### [Secure finance now on best-selling SUVs for Christmas holiday road trips](https://jade.finance/blog/secure-finance-now-on-best-selling-suvs-for-christmas-holiday-road-trips) **Published:** September 22, 2025 **Author:** Publisher **Excerpt:** Best-selling SUVs from leading makers Toyota, Ford, Kia and Mazda can make ideal road trip vehicles with a wide range of sizes and variants on the market. **Content:** Best-selling SUVs from leading makers Toyota, Ford, Kia and Mazda can make ideal road trip vehicles with a wide range of sizes and variants on the market. Buyers keen to acquire their new vehicle in time for their end-of-year holidays can secure pre-purchase finance to assist with deciding what to buy. In the August car sales results, SUV models continue their huge popularity with Australian drivers, making up 60% of total, with several models in the top 10 selling cars overall. In considering what make and model to purchase, buyers can review the latest sales results. The 10 brands that sold the most new cars overall for August were Toyota, Ford, Kia and Mazda, followed by Hyundai and BYD, then Mitsubishi and GMW, then MG and finally Chery. The results are interesting with Kia in third place, ahead of Mazda and the appearance of several Chinese brands in the top 10. The Chief Executive of the Federal Chamber of Automotive Industries, Tony Weber, made mention of 4 Chinese brands in the top 10 for the first time, when he released the monthly sales data. This, he said, shows the evolving nature of the Australian market. ## Latest Best-selling SUVs The monthly car sales figures are released by the FCAI and detail the top 10 overall models plus the top 3 in individual model category. Overall, the models that sold the most units for the month were Ford’s Ranger, Toyota’s HiLux then its RAV4, the MGZS, Tesla Y, Isuzu D-Max, Ford Everest, then Toyota’s Prado, the Hyundai Kona and Toyota Corolla. The SUV sales are divided into light, small, medium, large and upper large with price range categories also reported. Allowing buyers to more easily identify the category of the vehicle to consider that meets their individual needs and budget. In the light category the Mazda CX-3, Toyota Yaris Cross and Hyundai Venue were the best sellers. In the small segment with pricing below $45,000 it was the MGZS, [Hyundai Kona](https://www.hyundai.com/au/en/cars/suvs/kona "Hyundai Kona") and Chery Tiggo 4 that sold the most units. Above $45,000 small SUVs that sold best in August were the Audi Q3, VW T-Roc and the Mercedes GLA. In the medium size range with prices under $60,000 the best sellers were the RAV4, Mitsubishi Outlander and the Kia Sportage. The Sportage is one of Kia’s leading models and sales of this model one of the reasons attributed to the brand’s great results overall for the month. Buyers looking in the over $60,000 price range for a medium-sized SUV may consider the Tesla Y, though reports have low stock levels so you may need to be quick, or the Lexus NX or the Mazda CX-60. When a road trip calls for the whole family or large crew of friends plus a whole lot of gear, possibly towing a caravan or boat, a large SUV may be required. Buyers should look at the large models. The models in the price range under $80,000 that have sold best lately are the Everest, Toyota Prado and [Isuzu MU-X](https://www.isuzuute.com.au/mu-x/overview "Isuzu MU-X"). A little more money, over $80,000, and take a look at the Land Rover Defender, Toyota Land Cruiser and Nissan Patrol. The largest sized SUVs are the Upper Large which are obviously larger in size, but also in price. The models to consider are the Land Cruiser, Lexus GX, Patrol, BMW X7, Land Rover Discovery and Mercedes GLS. For road trippers towing boats and caravans and/or wanting to bring dirt bikes, a cab chassis may also make an ideal choice. These are also very popular as can be seen in the top 10 selling models overall. While Ranger, HiLux and D-Max are perennial top sellers, the new [Kia Tasman](https://www.kia.com/au/cars/tasman/features.html "Kia Tasman") may also be worth putting on the test-drive list. This is the first cab chassis released in Australia by Kia and is also attributed to the great sales results for the brand. With pricing from early $40,000 through to the $70,000 approximately mark, there are variants to suit many budgets. ## Secure Finance on Best-Selling SUVs Now Reminder for those still getting over a cold, wet winter, It’s not long until summer end-of-year holiday time. That means time to get organised with that new vehicle. To assist with buying to a budget, we provide pre-purchase finance approval. Buyers can apply for their loan based on what they would like to spend on their vehicle – an estimate loan total. This may include the vehicle and the necessary accessories to ensure a safe trip and all bases covered with terrain to be travelled and gear to be stowed. Pre-purchase finance is available for private buyers on [Secured Car Loans](/car-loans/secured-car-finance), and for business buyers on Lease, CHP and Chattel Mortgage. Our same [competitive rates](/compare-finance-interest-rates "competitive rates") apply regardless of when the loan application is made – before or after purchase, and all our loan features and our individual service apply. **Start actioning that road trip by applying for finance on best-selling SUVs with Jade Finance today.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Planning new heavy vehicles this year? Top selling truck brands revealed](https://jade.finance/blog/planning-new-heavy-vehicles-this-year-top-selling-truck-brands-revealed) **Published:** January 16, 2023 **Author:** Publisher **Content:** Decisions to upgrade with new trucks may have been put on the back burner over the past year due to a range of reasons. Supply issues, uncertainty around inflation and rising operating costs as well as the shortages in the labour market, the impacts of floods amongst many others. For some it may just be a time issue – not having the time to spend checking out the market to decide on which vehicle to purchase. To assist time-poor buyers and for those that like to stay across what others are buying, the release of sales data in the sector reveals the top selling truck brands across all segments. **Now may be opportune timing to purchase from one of the top selling truck brands to achieve cheaper interest rate finance prior to more rate rises from the RBA.** It may also be opportune to equip the business with cost-efficient, more productive new vehicles to capture emerging opportunities and to offset the increasingly higher costs of operations. It is also a very opportune time to get in to realise the tax advantages of acquiring new assets by utilising temporary full expensing. It appears that many operators made that decision in 2022 as the truck sector posted a new sales record. As reported by [trucksales](https://www.trucksales.com.au/), Tony McMullen from the TIC said that the year had exceeded the expectations and exceeded the previous record posted in 2018. While a record year for sales in total, some segments performed better than others. A 16.6% rise in the December monthly sales figures was recorded for 2022 compared with 2021. This was a new December record for total truck sales. Heavy-duty truck sales increased over both December and for the quarter when compared with 2021. Slow results were posted for medium-duty trucks with the December sales figures for last year below those of December 2021. Light-duty trucks however continued the positive trend, setting a record for the month and for 2022. As has been mentioned many times from many sources over the past few years, when considering any sales figures, consideration should be made for the economic conditions and market constraints. The supply chain issues globally, while showing some easing in some sectors, continue to impact stock levels and availability in many areas. In the truck sector, brands will be facing varying challenges and opportunities in regard to supply. ## 2022’s Top Selling Truck Brands The sales figures for the truck market are reported on a regular basis with the top selling brands named but sales data for individual models has not been obtained. But the results may provide assistance for buyers without the time to visit multiple dealerships to discuss specifics. Possibly the location prevents buyers from easy access to dealerships. Over 2022, in the heavy-duty segment, it was Kenworth leading the top selling truck brands on sales. Volvo was the second best in sales, followed by Isuzu. Volvo’s results compared to the previous year was extremely impressive – more than 50% increase. This is one result where supply chain issues may have been an issue in 2021. Isuzu had been having a great year and the annual results attest to that. Comparing 2022 with 2021, the brand posted an uptick in sales of just shy of 36%. UD was another of the top selling truck brands to post an eye-watering uptick – 74% above their 2021 results. But not all brands posted such impressive results or even increases. Freightliner, Western Star and Mercedes-Benz all recorded decreased sales in 2022 compared to the previous year. The top selling truck brands in the medium-duty segment were somewhat predictable with three always featuring in the top sales results. The results for 2022 see Isuzu posting the highest sales, then Hino with Fuso in third position. Isuzu being the only of the three to actually record an increase as Hino and Fuso recorded a small decrease in sales for the year. Isuzu also topped the sales charts in the light-duty truck segment. The brand’s 37% rise in annual sales over the 2021 figures outsold second place Fuso which recorded a 4.6% rise. In third position, Hino’s sales fell 18.5% on results from the previous year. Interesting data for buyer consideration but also consider the [truck finance options](https://jade.finance/truck-loans) available through Jade Finance to ensure the overall investment delivers a positive outcome. ## Truck Loan Options There are a number of finance-related reasons to expedite truck acquisitions at the moment. The first is the interest rate scenario. The RBA is due to meet in early February for its first rate decision for the year and the latest inflation data may give reason for another rate rise. Securing cheaper rate finance now on a model from the top selling truck brands, could represent significant savings over the term of the loan. The second reason is the countdown to the [end of temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) on 30 June. Those seeking to make the most of this measure need to have the trucks in the business, operational, by the deadline to be eligible. To assist in expediting the purchase, pre-approved [Chattel Mortgage Truck Loans](https://jade.finance/business-loans/chattel-mortgage-calculator) are available through Jade Finance. **To secure finance for one of the top selling truck brands, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Making the move to work for yourself? Get affordable self-employed new business car finance](https://jade.finance/blog/making-the-move-to-work-for-yourself-get-affordable-self-employed-new-business-car-finance) **Published:** June 23, 2025 **Author:** Publisher **Excerpt:** New business car finance are loans for motor vehicles for individuals starting a new venture and that do not have all the financials usually required by lenders. **Content:** New business car finance are loans for motor vehicles for individuals starting a new venture and that do not have all the financials usually required by lenders. These types of loans can be in high demand at this time of year as many look to making that move to working for themselves from 1 July. Is financial year 25/26 the time for you to make the move to working for yourself? Setting up as a contractor in your field? An owner-driver? Your own operation as a plumber, electrician, carpenter? Your own retail establishment, fitness or medical practice? In many industries, a business owner needs a motor vehicle and the financing to buy it. Without at least a year’s worth of financial records, sourcing affordable financing as a start-up operator can be one of the biggest challenges of starting the business. But there are opportunities to secure workable vehicle loans through our specialist non-bank lenders. We cover off on what is required, what is involved and how we can assist. ## What is new business car finance? In applying for commercial credit products, businesses must provide financial documents on their operation, typically for at least the past 12 months, sometimes for a longer period. Financials refer to income tax returns, the annual accounts, bank statements, BAS returns, the asset and liability schedule, current turnover, and profit and loss statement. These are typically the minimum requirements set by banks and some other lenders. In addition, lenders may insist that the business has traded for at least 1-2 years and has a minimum turnover level. New enterprises, some of which may not be yet actively trading, clearly will not have accrued these financial records. [New business car loans](/car-loans/low-doc-car-loan) are provided by specialist non-bank lenders and are approved based on minimal financials. These loans are known as ‘without financials’, ABN-only loans, Low Docs and No Docs loans. These terms describe the category of application. They are not specific loan products. Businesses requiring this type of special approval may include sole traders, small companies and partnerships. ## What is required for new business car finance? The specific requirements for this type of loan approval can vary with different lenders. With our access to a large lender base, we support operators by identifying the lender with criteria in line with their current situation. While some lender criteria can vary, it is essential that the applicant has an ABN and identification, but registration for GST is not required. Applicants will want to present as strong an application as possible to ensure the best possible loan offer is received. To do this, we advise they prepare what financials they can, based on any work which has been done, the plan for the operation, any contracts that have been secured, and similar documents. Personal financials are usually required. Applicants should be prepared with their latest personal income tax return, their bank statements, and itemised lists of their debts and any personal assets. They can expect that their personal credit rating will also be checked. Commercial vehicle loan products do allow for the vehicle to be the collateral for the loan. For many businesses, no additional security is required. For those just starting up, additional security is usually required. Operators can provide this collateral with other goods that they own or, subject to lender approval, cash reserves or a personal guarantee. ## What new business car finance products are available? As mentioned above, Low Docs and other terms refer to the application category not a type of loan. When approved, the Low Docs loan applicants may choose the type of commercial loan that is aligned with the method of accounting they are implementing and their approach to their balance sheet, tax and other key goals. Referring to an accountant is highly recommended. Low Docs loans are available with Commercial Hire Purchase, [Lease](/car-loans/car-leasing), and Chattel Mortgage. All offer tax deductions, fixed interest rates, fixed terms, and end of term lump sum payouts – balloons and residuals. Interest rates differ with commercial credit facilities. Low Docs loans typically involve a higher rate than the best rate that lenders will be offering. To be prepared to purchase with the confidence that you have been approved for financing, new operators can take advantage of our pre-approved loan service. This involves applying for your loan before even deciding on the vehicle you want to purchase. We will source the best offer and process the application through to condition approval stage. Providing you with the amount you are approved to borrow and allowing a vehicle to be selected to suit the loan approved. ## What vehicles can be purchased with new business finance? All types of vehicles can be financed with Low Docs and No Docs loans. The loan amount approved may determine the price range if a deposit is not available. Tradies may consider a top-selling cab chassis such as the [Ford Ranger](https://www.ford.com.au/showroom/trucks-and-vans/ranger/ "Ford Ranger") or [Toyota HiLux](https://www.toyota.com.au/hilux "Toyota HiLux"), owner-drivers and retailers a commercial van, and contractors in other fields such as IT and business services, a fuel-efficient city car such as the very popular Kia, [Hyundai](https://www.hyundai.com/au/en "Hyundai") and Mazda models. **Whatever your industry, whatever vehicle you want to purchase, contact Jade Finance for new business car finance online or by phone 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Just weeks to August Sydney Boat Show – time to secure your finance for show specials](https://jade.finance/blog/just-weeks-to-august-sydney-boat-show-time-to-secure-your-finance-for-show-specials) **Published:** July 10, 2025 **Author:** Publisher **Excerpt:** Buyers attending the August Sydney Boat Show can secure their boat loans prior to the day and be ready to order with pre-approved finance through Jade Finance. **Content:** Buyers attending the August Sydney Boat Show can secure their boat loans prior to the day and be ready to order with pre-approved finance through Jade Finance. Being prepared to place an order with finance already secured can provide the opportunity to capture any show specials, special edition boats, expedite delivery in time for the start of the new boating season, and avoid agreeing to dealer finance at the show which may be higher than we can secure for you. With the first of two shows for Sydney starting soon and tickets already selling, now is the time to make your plans and apply for a no-obligation, pre-approved boat loan. Yes, the August show is just one of two shows that the [Boating Industry Association (BIA)](https://www.bia.org.au "Boating Industry Association (BIA)") will be holding in Sydney this year. The August show at Sydney Olympic Park focuses on trailer boats, fishing, gear and similar, with the November show the traditional on-water display at Cockle Bay in Sydney’s Darling Harbour. Ideal for boating enthusiasts to enjoy two events celebrating the boating lifestyle. The August show is ideally scheduled for those looking to purchase a new boat to launch at the start of spring/summer, and for existing boat owners looking to upgrade their watercraft with the latest tech, safety equipment, electronics and other gear. ## [Sydney Boat Show](https://sydneyboatshow.com.au/ "Sydney Boat Show") – Event Details Sydney Olympic Park, inland from Sydney’s main harbour and waterways, despite being on the Parramatta River, may seem an odd venue for a marine show. But the location is central and convenient, and the facilities are ideal for displaying smaller watercraft and marine-related gear. The show runs Thursday to Sunday, 14 17 August, from 9am-5pm daily. The show will be held at the Sydney Showgrounds in the Sydney Olympic Park precinct. The location is easily accessible by bus, train, ferry and car. Parking is available but should be booked in advance. The organisers have arranged packages for show goers with accommodation providers. These deals are detailed on the event website. Also head to the website to secure your [tickets](https://sydneyboatshow.com.au/sydney-boat-show/tickets/ "tickets") online. There will be plenty to see and experience at the show. Trailer and other watercraft will be displayed along with the latest tech in the marine industry and the show will include a special focus on Australia’s favourite leisure activity – fishing. Expert and show ambassador Andrew ‘ET’ Ettinghausen will be on-hand and the Fishing Supertank will be a feature attraction. ## Sydney Boat Show Exhibitors Earmarking the brands and boats you definitely want to see at an expo ahead of arrival, can be a smart move. These shows can cover large spaces and attract big crowds. Having a plan of action can make getting around to the exhibitors you want to visit and see the boats you want to buy a lot easier. At this moment, the exhibitor directory and site plan has not yet been posted on the show website. We encourage visitors to check the site for when it is available and make your plan. What we do know is that power, paddle and sail craft will on display as well as plenty of gear. Organisers have revealed some big names confirmed to exhibit – Sea-Doo, MW Naturcal, Garmin, Mercury, Malibu, Navico, Kawasaki, Watersports, and Honda, just a few of the hundreds of brands and manufacturers that will be displaying their products. ## Pre-Approved Boat Loans for Sydney Boat Show Buyers If you’ve never thought of applying for a loan before you even decided what boat to buy, be assured, the process is straightforward, the same as applying after purchase, and can offer many benefits. The same types of loans are available, and the same documents and financials are required for the application. The same [interest rate](/boat-loans/interest-rates) offer applies for pre and post purchase loan applications. The one big difference between pre and post-purchase loans is setting the loan amount required. Prior to deciding on a vessel, buyers usually do not know how much they will need. For the pre-approved loan application, simply provide an estimate. Lenders will be establishing your individual borrowing capacity when assessing the application. This may be helpful in setting a buying limit and determining which model you can afford. If planning to order a new boat, the most suitable loan to apply for will be a [Secured Boat Loan](/boat-loans/secured-boat-loan). The vessel is used as the finance collateral, attractive rates apply, and many applicants may be approved for no deposit financing. If you need the boat delivered to your location from another state or interstate, remember to include an allowance for transportation when estimating your loan requirements. Where the dealer is offering a boat and trailer package, both items may be included in the loan. If you’re planning to order a range of new gear and accessories, consider an [Unsecured Loan](/boat-loans/unsecured-boat-loans). Multiple items may be purchased with the one loan as the goods would not be considered as suitable for loan collateral, and individual pricing may be below the minimum loan threshold for many of our lenders. Apply now and you could have the funds available in your bank account to confidently order at the event. **Be ready to order at the Sydney Boat Show with a pre-approved boat loan through Jade Finance – apply online or by phone 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [It’s show time! How to get boat and caravan finance pre-purchase](https://jade.finance/blog/its-show-time-how-to-get-boat-and-caravan-finance-pre-purchase) **Published:** March 4, 2026 **Author:** Publisher **Excerpt:** Caravan finance pre-purchase and pre-approved boat loans are available for buyers attending the upcoming Sanctuary Cove Boat Show and Rosehill Caravan Supershow. **Content:** Caravan finance pre-purchase and pre-approved boat loans are available for buyers attending the upcoming Sanctuary Cove Boat Show and Rosehill Caravan Supershow. Autumn is the season for the start of major industry showcase events for some of Australia’s favourites – boats and RVs. A big calendar of events for the marine and RV industries is scheduled across the country and it’s time for serious buyers to get organised. Major events like [the Sanctuary Cove Boat Show](https://sanctuarycoveboatshow.com.au/ "the Sanctuary Cove Boat Show") and [the Rosehill Caravan Supershow](https://www.supershow.com.au/ "the Rosehill Caravan Supershow") offer buyers the ideal opportunity to inspect multiple makes and models in the same place at the same time. A great chance to compare features and make those important buying decisions. But to be ready to place the order and possibly be first to buy a limited-edition model or take advantage of a show special discount, buyers need to have their financing confirmed. That can be a quick and simple process with either conditional approval or a confirmed pre-approved loan offer. ## What is boat and caravan finance pre-purchase? Boat and caravan finance pre-purchase is the process of arranging a loan before buying the RV or vessel. Loans may even be arranged before the buyer has made their final choice as to which make or model to purchase. Pre-purchase loans on new models would apply to a [Secured Boat Loan](/boat-loans) or [Secured Caravan Loan](/caravan-loans). These attract the most competitive fixed interest rates, have a fixed term and provide a fixed schedule of monthly loan payments. In sourcing financing prior to purchase, buyers do not compromise on their opportunity to secure their best possible interest rate with Jade. The same rate would apply for that individual whether the loan is arranged before or after a purchase commitment is made. Conditional pre-approval is one option and can be as simple as having our brokers arrange assessment of application to determine your borrowing capacity at current interest rates. This involves reviewing income, expenses and debts only. For some buyers, knowing the amount they would be approved to borrow is sufficient information to proceed to the purchase. The boat or RV is found, the price confirmed, and the complete loan application then assessed for a specific loan offer. A pre-approved loan goes to the next stage. The complete loan application is required to be completed with all personal, employment and other details reviewed along with the credit profile. We select the most suitable lender, source the best rates, and arrange the offer based on the loan estimate from the buyer. The offer is valid for a few weeks. The buyer then has the time to confidently negotiate price with a dealer and place their order. The specific loan amount is finalised by the lender when the supplier invoice is received. Either options can be ‘must-have’ for a show visitor that is intent on buying or ordering at the event. They know exactly the price range they should be looking at and can specify the options and extras they want on the day, to their finance budget. Pre-approved loans can be a big time-saver. No need to re-visit a dealer after a show. The entire purchase process can be finalised in the one meeting at the event. Applying follows the same procedures as post-purchase loans and can be started by phone or online with Jade. ## Best Timing to Get Caravan Finance Pre-purchase? The timing for securing pre-approval is quite flexible. Conditional approval with confirmation of borrowing capacity can be sought months out from the show or right up to the last minute. Pre-approved loan offers have a time after which they expire. The best time to arrange a pre-approved loan is 4-6 weeks prior to an industry showcase. Approval on pre-purchase loans can be received within 24 hours for many applicants. So if you have left it until the last minute, don’t panic. Submit your details for one of our brokers to process your application asap. ## Estimating Pre-approved Boat Loans and Caravan Finance If you do arrive at an event without pre-approval, they are options for you to find out what your boat or caravan loan may cost. [Our Finance Calculators](/caravan-loans/caravan-loan-calculator) are available online to refer to on your phone to get quick repayment estimates. Our teams are also attending many of the showcases to assist buyers with the finance requirements. Keep an eye out for the Jade Finance stand to speak directly with one of our brokers. ## Show Time – What’s On? The Rosehill Caravan Supershow runs from Tuesday April 28 through to Sunday May 3 at Rosehill Racecourse in Sydney. Parking is available on site, there are numerous public transport options, and all the leading RV brands are expected to exhibit. The Sanctuary Cove International Boat Show will be held on 21st to 24th May at Sanctuary Cove on Queensland’s Gold Coast. Stay across the event website for transport details from the Gold Coast to Sanctuary Cove and for the full list of exhibitors to start your wish list. The show offers a range of hospitality options for an even more exciting visitor experience. **Don’t miss out on buying at upcoming industry showcases. Get boat and caravan finance pre-purchase by connecting with Jade Finance online or by phone.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [How does a novice get into boating? Courses, Resources, Loans for Entry Level Boats](https://jade.finance/blog/how-does-a-novice-get-into-boating-courses-resources-loans-for-entry-level-boats) **Published:** November 14, 2025 **Author:** Publisher **Excerpt:** Novices looking to get into boating can enrol in courses, use marine industry resources and access affordable finance on entry level boats through Jade Finance. **Content:** Novices looking to get into boating can enrol in courses, use marine industry resources and access affordable finance on entry level boats through Jade Finance. Getting out on the waterways in a boat is one of the most popular recreational activities in Australia. The enjoyment of being on the water is accessible to many people. Novices are well catered for at sailing and power boat clubs, through training courses for all levels, and with informative resources available through the marine sector. Buying your own watercraft to get started can also be affordable and accessible with the right financing. ## Discover Boating As the peak boating season approaches, the [Boating Industry Association](http://www.bia.org.au "Boating Industry Association") is inspiring novices to get involved in this great recreation with their annual Discover Boating campaign – ‘See You Out There’. A campaign to inspire novices and old hands to get out on the water and enjoy this great recreational activity. The campaign showcases how boating can be enjoyed for fun, recreation and for sporting activities. The CEO of BIA, Andrew Fielding noting that boating has something to offer everyone with power boating, fishing, family outings, paddling and more. Mr Fielding said boating was accessible and inclusive for all levels of experience, age and budgets. The campaign is linked with the [Association’s resource – Discover Boating](https://discoverboating.com.au/ "Association’s resource – Discover Boating"). This is an invaluable source of information on many aspects of boating including safety, weather, education, suggestions for places to go, and a great ‘how to’ section. A great starting place for novices to get an overview of how to go about getting out on the water. ## Courses to Help Get into Boating To operate most watercraft, even tinnies and jet skis, a boating licence is required. Licences are issued by the maritime authority in each state and territory. Requirements may differ for each state. Check your state for what initial training and certification is required. The licence is a basic. Operational skill is a necessity when taking on the responsibilities of the skipper of a watercraft. Courses are available by respected training providers in a range of areas and for different skills levels. Refer to [the Education page ](https://discoverboating.com.au/get-involved/boating-education/ "the Education page ")at Discover Boating for information on courses for all levels of experience. If sailing is your preferred way to get out on the water, enrolling in a Learn to Sail course can be a great start to learn and meet new crew mates. Sailing clubs can also offer opportunities to learn and sail on club boats while mastering the skills. To find courses, classes and local clubs, refer to [Australian Sailing](https://www.sailing.org.au/ "Australian Sailing"). The weather plays an important part in on-water activities. Especially if heading offshore for a fishing adventure. But even in enclosed waters, wind, waves and tides can present major risks to boaters. [The Bureau of Meteorology](http://www.bom.gov.au "The Bureau of Meteorology") provides boaters with a range of resources and alerts include an app for quick reference when out and about. ## Boat Owning Considerations Owing a boat can be a great experience. Deciding what to buy can depend on where you intend to go, your skill level, and of course, your budget. Novices can be drawn to a trailer boat – a small runabout suitable for fishing, family days out, and tow sports. Entry level models can be sourced from brands such as Malibu Boats, Barcrusher, and the [iconic Quintrex](http://www.quintrex.com.au "iconic Quintrex"). For great value, consider a package deal with the boat, trailer and motor. These are usually available through marine dealers. Second hand boats can present good value but care should be taken when buying. Order an inspection from a marine engineer or surveyor if unsure of the condition. If buying via online platforms, always take care to verify details before handing over funds. Inspect the boat in person rather than relying only on photos. Buyers that use Jade Finance for their loan can also take advantage of our services to check the PPSR to ensure the boat is not under finance, and other checks we carry out for our customers. Except for paddle boats and small sailing boats, registration of the boat and trailer will be required. Boats are registered through the state maritime authority. You’ll also need somewhere to moor, store or park the boat when not being used. Maritime authorities can advise on mooring availability. Marinas offer great services and most offer security. Dry dock storage is also a great option and can reduce wear and tear when a boat is left outdoors. If planning to park a trailer boat on the street, check Council regulations. ## Affordable Loans to Get into Boating Buying your first boat with finance can be extremely affordable with our competitive interest rate loans. Recreational vessels of all sizes and types can be financed with a [Secured Boat Loan](/boat-loans/secured-boat-loan), where the boat is accepted as security for the finance. Our highly [competitive fixed interest rates](/boat-loans/interest-rates) apply, fixed terms are negotiated to deliver a fixed monthly payment schedule. Insurance is required. Used boats will need to be accepted as suitable collateral for a Secured Boat Loan. If not accepted, buyers can consider an Unsecured Personal Loan. Rates, loan amounts and terms can vary for used compared with new models. To comparing boats and setting your purchasing budget, use our planning resource – [our Finance Calculator](/boat-loans/boat-finance-calculator), to get your loan estimates. Many applications can be approved within 24 hours so we can get you into boating asap. **To get into boating with an affordable boat loan, speak with Jade Finance or request a quote online.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Dealer, Direct or Broker? What is the best way to get a personal car loan?](https://jade.finance/blog/dealer-direct-or-broker-what-is-the-best-way-to-get-a-personal-car-loan) **Published:** August 4, 2025 **Author:** Publisher **Excerpt:** New car buyers can source a personal car loan through the motor dealer, by applying direct to a bank or finance company, or using a motor vehicle finance broker. **Content:** New car buyers can source a personal car loan through the motor dealer, by applying direct to a bank or finance company, or using a motor vehicle finance broker. The way a loan is sourced may result in varying outcomes with loan conditions, terms and interest rates varying across the motor vehicle finance market. With most buyers seeking the cheapest and most workable finance, assessing the options for sourcing the loan may result in the best outcome. One aspect that buyers will quickly realise when surveying the lender market is the differences in motor vehicle [interest rates](/compare-finance-interest-rates). While lenders will use the [RBA](http://www.rba.gov.au "RBA") cash rate as a base, each will set their rates on specific loans according to their own guidelines and forecasts. The amount that a buyer can borrow to finance a new vehicle can also vary with the lender. Individuals will be assessed by lenders to determine their credit limit or borrowing capacity. In addition, some lenders will have maximum amounts they offer on personal loans. This may affect any deposit required or the price of the vehicle that can be purchased. Approval criteria also vary with lenders. Meeting or not meeting lender criteria can flow through to the rate and overall finance offer. To assist buyers select the best way to source their finance, we provide this explainer on the different options. ## Applying for a Personal Car Loan New cars are usually financed with a [Secured Car Loan](/car-loans/secured-car-finance). Secured format loans are available through all lenders, dealers and brokers, but may have varying features depending on the lender. What is common to all secured loans is that the vehicle is used as the collateral for the finance. Some buyers may be approved without any additional collateral required while some may be required to provide extra assets. This type of credit product may be used to finance all types of vehicles, subject to lender approval. To be eligible for personal finance, applicants must meet the guidelines as set for Consumer Credit as regulated by [ASIC](http://www.asic.gov.au "ASIC"). These include being over 18 years of age, having employment and income and providing a range of documentation on financials and other aspects with the application. Credit profiles are checked by lenders with applicants with good ratings receiving the best rates and loan conditions. ## Personal Car Loan through the Motor Dealer Many motor vehicle dealers offer their buyers the opportunity to sign up for finance while buying their vehicle – at the point of purchase. The finance may be arranged through a lender or credit provider as a partnership with that dealership or it may be finance through the vehicle manufacturer. With this type of finance, buyers are provided with only the one lender option. Applicants are offered the interest rates and loan products only available through that lender. While securing finance this way may seem a fast and handy way to go about the process, buyers may be overlooking opportunities to achieve better rates from other lenders. ## Securing a Personal Car Loan Directly from a Lender Many buyers will source their own finance by applying directly to a bank or a finance company. With rates varying across the market, buyers may look to applying to several credit providers or requesting quotes from several to compare and find the best. A great idea to find the cheapest offer. Not a great idea when it comes to your credit rating. What is a lesser-known issue is that applications for credit are reported to Credit Reporting Agencies and appear on individual credit reports. The same reports that lenders refer to when assessing credit ratings. Multiple applications can be seen as a negative and impact any loan offers. Apply direct also only allows the option of offers from one or a few of the multiple lenders in this sector. ## Using a Broker to Secure a Personal Car Loan An option available to all vehicle buyers is to use a specialist motor vehicle finance broker to secure their loan. Both individuals and businesses can use a broker to handle their requirements from the initial enquiry through to settlement. The benefits of using Jade include having your best rate and most suitable loan found for you from our large 80+ lender selection. We don’t just offer one lender such as a dealer or a bank may, we offer more choices and with that, more opportunities to secure the loan that best suits you and at the best interest rates. And, when a broker covers the market for you, it does not impact your credit profile in the way applying to multiple lenders directly does. When using Jade, you will be assigned a broker to handle your loan individually and personally. Assisting you with the application, finding your best offer, processing your application and carrying out all contact with the lenders. You have an expert working in your best interests. Providing fast, efficient service to get you behind the wheel of your new vehicle with the best finance, quickly and easily. To compare what we may achieve for you, refer to our current interest rates on personal car loans and calculate estimated repayments using our [Finance Calculator](/car-loans/car-finance-calculator). **For the best way to secure a personal car loan, simply connect with Jade Finance online or by phone.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Be Ready with Finance Secured for Australia’s First Light Commercial Motor Show](https://jade.finance/blog/be-ready-with-finance-secured-for-australias-first-light-commercial-motor-show) **Published:** July 30, 2025 **Author:** Publisher **Excerpt:** Australia’s first Light Commercial Motor Show is set for early August at Sydney’s ICC and buyers can be prepared to order with pre-approved vehicle finance. **Content:** Australia’s first Light Commercial Motor Show is set for early August at Sydney’s ICC and buyers can be prepared to order with pre-approved vehicle finance. What a great opportunity to be treated to an entire expo devoted to Australia’s favourite, top-selling vehicle category. And a great opportunity to place an order, if you have your loan confirmed before arriving at the show. Pre-approved vehicle loans can be secured for both private and commercial buyers with financing with the choice of credit facility. The interest rates, features and offers approved, are the same for applications made before and after a purchase deal is done. Take full advantage of this exciting new show to compare many of the most popular and new cab chassis and ute models and order your favourite. The date is fast approaching, but with 24 hour approval it may not be too late to secure financing beforehand. ## Book Tickets for Light Commercial Motor Show The [Light Commercial Motor Show (LCMS)](https://www.futuredriveauto.au/syd/lcms2025 "Light Commercial Motor Show (LCMS)") is sure to be a very popular event and visitors are urged to obtain their tickets now. The event is run from 7-10 August with the first two days for trade visitors and the rest of the event for all those interested in light commercials for recreation, towing boats and caravans, and taking on off the beaten track routes. Business operators can secure the Business Delegate Pass which entitles entry to both the LCMS and to Small Biz Week which is also running at the ICC at the same time. For non-commercial show visitors a General Admission Pass is available. On all 4 days, doors will be open from 9am through to 5pm. It can be advisable to visit busy shows early to avoid the crowds. Numbers usually build later in the day. Australia is not treated to many shows for motor vehicles and this is a first. For those that regularly attend outdoor, boat and caravan shows, they are aware that the chance to inspect many different models in one location at the same time can be a great buying benefit. It saves time in visiting several dealerships and trying to accurately recall specific features of different models. So what can you expect to see at LCMS? Plenty of commercial vans, dual cab chassis, 4x4s, and utes. Specific models on display will include Australia’s favourites – Ford Ranger and [Toyota HiLux](http://www.toyota.com.au "Toyota HiLux"), a great value option in the BYD Shark 6, the Kia Tasman, Caddy and Amarok from Volkswagen, and models from lesser known, emerging brands XPeng and Farizon. Plenty of models to inspect and compare for suitability to your specific lifestyle, business and purpose. Not only inspect but take the opportunity for a Test Drive on a dedicated track. Yes, experiences for test drives are offered. But bookings need to be made. Be quick and [register now](https://www.futuredriveauto.au/syd/lcms25/test-drives "register now") so you don’t miss this rare chance. In addition to vehicle models, the show will also showcase technology, software, tools and accessories. Entertainment activities include live presentations on the main stage by experts in various fields. ## Light Commercial Vehicle Finance for Business Operators across all industries – building and construction, agriculture, removals and storage, general delivery, landscaping and gardening, servicing and maintenance, can select the commercial credit facility that best suits their business operation. All [business vehicle acquisition finance](/business-loans/business-car-finance) can be pre-approved, including Leasing, Chattel Mortgage, and Commercial Hire Purchase. When getting a loan approved prior to purchase, operators do not need to compromise on the features or interest rates. Tax benefits still apply, your best fixed rates still apply, and we negotiate the most workable fixed terms and fixed repayments. ## Personal Cab Chassis and Ute Loans Buyers of light commercials for personal purposes can secure pre-approved finance with a [Secured Car Loan](/car-loans/secured-car-finance). Lenders accept most new vehicles as the loan security, the rates, terms and repayments are fixed, and no deposit financing may be approved. There is no difference in the rates and repayments for car loan applications made before a purchase is made. In fact, seeking pre-approval can be extremely advantageous. Providing buyers with their approved credit limit to select the model that fits with their repayments. ## Apply for Pre-Approved Loans for Light Commercial Motor Show Our 24 hour approval loan approvals may help those that have left it late to apply for car finance before arriving at the LCMS. Applications may be submitted online or by phone. Financial documents will be required for both business and personal loans – have them ready to speed up the process. It can be advisable to visit the preferred brand’s website for a RRP to use as a guide for the loan required. We will process your application to the conditional approval stage. There is no obligation to proceed at that stage. If you do proceed to order a vehicle, get the exact amount required from the dealer, advise your Jade Finance broker, and we will finalise your finance. **Apply for pre-approved business and personal car loans through Jade Finance ahead of the Light Commercial Motor Show.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [How do you get approved for a personal loan?](https://jade.finance/blog/how-do-you-get-approved-for-a-personal-loan) **Published:** February 2, 2026 **Author:** Publisher **Excerpt:** To get approved for a personal loan, applicants must meet ASIC Consumer Credit eligibility requirements and lender criteria including credit score and finances. **Content:** To get approved for a personal loan, applicants must meet ASIC Consumer Credit eligibility requirements and lender criteria including credit score and finances. Loans to individuals for any purpose fall under the Consumer Credit market and lenders offering this type of credit must adhere to ASIC regulations. Getting approval for credit involves satisfying all the requirements under the law plus the requirements of the lender for the type of finance being requested. While the ASIC requirements apply across the market, lender eligibility requirements and approval guidelines can vary with different credit products and lenders. For example, different guidelines can apply to Secured Loans for [cars](/car-loans/secured-car-finance), motorbikes, boats and caravans compared with [Unsecured Personal Loans](/personal-loans/unsecured-personal-loans) for other purposes such as travel. Lenders will have their own guidelines in regard to the minimum credit score and income level for approval. They also have loan limits on certain credit products. The amount being requested for the finance will also have an impact on approval. Lenders look at the loan-to-value ratio when approving secured loan applications. This is how much is borrowed compared with the value of the goods being used as collateral. Lenders also determine the borrowing power or capacity for that individual when assessing applications. Where the amount requested is above that capacity, the application will likely not be approved. This is particularly relevant with unsecured loans where no collateral is required. Before submitting a finance application, applicants may benefit from checking their eligibility and the requirements for the credit product that they are considering. ## Who is eligible to get approved for a personal loan? Under the ASIC Consumer Credit Laws, persons must be 18 years or older to be eligible to apply for credit and be an Australian citizen. If not an Australian citizen, individuals must have permanent residency status or approved visa. Individuals will need to have employment or other income stream. ## Documents Required to Get Approved for a Personal Loan Applicants will be required to provide the lender with a range of documents pertaining to their identity, employment, place of residence, income and expenditure. These include tax returns, payslips, bank statements and the standard forms of photographic proof of identity. Expenses will need to be detailed – rent, utilities, regular weekly costs, loan payments and credit card details. The limit on credit cards is requested as this is assessed by lenders as a potential debt. Details of assets – cash, savings, property and goods of value, should be provided. Individuals that are self-employed will need to provide financials such as tax returns going back several years with the Notice of Assessment from the Australian Taxation Office. ## Credit Scores Required for Personal Loan Approval Credit scores are integral to getting finance approval and for being offered the best rates. Individual lenders will have the minimum score that they will accept for different credit products. Individuals do not need to submit their credit report with their application. Lenders will access the report and history when approval by the applicant is given. Applicants with good scores will receive better rates and may be approved for higher loan limits. The application may also be approved more quickly. ## Options if You Can’t Get Approved for a Personal Loan Individuals having trouble getting their application approved can consider a number of options, depending on the reason for the rejection. Ask the lender for the rejection reason so you have a starting point to consider your options. If the reason is credit score, head over to [Moneysmart](https://www.moneysmart.gov.au "Moneysmart") and review the ways suggested to potentially fix any errors on the credit report. Paying off other loans may improve the personal balance sheet and the credit score. Consider requesting a lower credit amount. The lender may consider you do not have the income level to meet the repayments on the amount requested. Using a guarantor may be an option for some individuals. This involves getting another person who is approved by the lender to guarantee your loan. That means, they will pay off the loan should you be unable to do so. Guarantors are widely used by younger loan applicants who have not yet established their credit history and/or have lower income levels. An obvious move when an application is rejected is simply to apply to another lender. STOP! Before you do that, know that multiple applications for the same loan can have a negative effect on the individual’s credit score. The solution to covering many lenders and avoiding damage to the credit rating is to use a finance broker such as Jade. We cover off on our large lender selection to find the most suitable lender, most suitable credit product and best rates without impacting the individual’s credit score. ## How We Help with Personal Loan Approvals We assist individuals to secure both secured and unsecured personal loans by handling the entire process on their behalf. We select the right lender, advise the most appropriate credit product, and deal with all lender contacts including processing the application. **For personal service to get approved for a personal loan for a wide range of purposes, connect with [Jade Finance online](/contact-us) or by [phone](tel:1300000008 "phone").** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Which 2026 Cars are Worth Waiting For?](https://jade.finance/blog/which-2026-cars-are-worth-waiting-for) **Published:** January 23, 2026 **Author:** Publisher **Excerpt:** Global automotive manufacturers are accelerating in 2026 to roll out one of the most diverse model line-ups in recent years. We’re talking long-awaited next-gen SUVs and performance flagships, plus a whole new wave of new electric and hybrid vehicles. **Content:** Global automotive manufacturers are accelerating in 2026 to roll out one of the most diverse model line-ups in recent years. We’re talking long-awaited next-gen SUVs and performance flagships, plus a whole new wave of new electric and hybrid vehicles. > This year is shaping up to be pivotal for car buyers worldwide with a major boom from the global automotive industry. This guide will take you through a global view of the most talked-about 2026 vehicles with a keen focus on those models that have already received strong international praise. We’ll also touch on electric vehicles coming to Australia that have been gaining traction in overseas markets. But first, here is a comprehensive release-timing table covering every major 2026 car launch on the horizon from April onwards. Ensure you know what’s coming and when to expect it by scrolling down. ## All the new cars coming to Australia in 2026 (April onwards) Second Quarter 2026Mid 2026Second Half 2026Late 2026- Audi Q3 - Audi Q3 Sportback - Lamborghini Temarario - Mazda 6e - Jeep Compass - Cupra Leon facelift - GWM Wey luxury sub-brand - Isuzu Electric D-Max - Leapmotor B05 - Volvo EX60 - Zeekr 7X update - Ferrari 849 Testarossa - Genesis GV60 Magma, - Genesis hybrid powertrains - Range Rover electric - Mercedes-Benz GLC EQ - Mercedes-Benz hybrid and EV - Mercedes-Benz Updated GLE and GLS - Mercedes-Benz AMG GT XX - Nissan X-Trail facelift - Porsche 718 EV - Volkswagen Touareg Final Edition - Volkswagen New T-Roc - Renault 5 Turbo 3E - Alpine A390 - Cupra Formentor facelift - Honda Prelude - Honda Super One - Jeep Wagoneer S - Jeep Recon - Mazda CX-5 - McLaren W1 - Mitsubishi Foxtron-based EV - Nissan Ariya facelift - Nissan Leaf - Nissan Y63 Patrol - Renault 5 Turbo 3E - Skoda Epiq - Xpend M03 ## **Well-Reviewed or Highly Anticipated for 2026** We’ve identified four 2026 models that have already generated strong interest thanks to early international reviews, previews, and manufacturer confirmations. These four vehicles stand out for their evolution in 2026 with regard to design, technology, and drivetrains improvements. Keep reading for information as to why the Audi Q3, Jeep Compass, Mazda CX-5, and Genesis GV60 are among the most anticipated for the 2026 year. ### Audi Q3 (Including Sportback) The next-gen Audi Q3 is being praised overseas for its premium interior and ride quality. The expanded digital features of the model have also received significant attention. International previews have highlighted improved infotainment for the Q3, as well as enhanced driver assistance systems and a broader mix of petrol, hybrid, and mild-hybrid options. The Sportback variant of the Q3 has maintained international appeal for its coupe-like style, however, 2026 reviews have noted the practicality of the vehicle is compromised compared to the standard Q3. ![Next-gen Audi Q3 SUV, praised for its premium interior and ride quality.](https://jade.finance/wp-content/uploads/2026/01/Audi-Q3.webp "Audi Q3 - Jade Finance") ### Jeep Compass (2026) Updated for 2026, the Jeep Compass has banked positive attention for its interior, updated infotainment, and improved on-road comfort. Many overseas markets have highlighted the stronger electrification options available, as well as a better riding experience. We consider the Jeep Compass to be positioned very competitively for 2026 in the crowded mid-size SUV segment. ![2026 Jeep Compass in blue with black roof driving off-road, kicking up dust.](https://jade.finance/wp-content/uploads/2026/01/Jeep-Compass.webp "Jeep Compass - Jade Finance") ### Mazda CX-5 (2026) A reputation for strong build quality and engaging driving dynamics is being built for the 2026 Mazda CX-5. International reviews have suggested the new version has focused on improving the interior, updating safety tech and refreshing the styling, rather than a full reinvention. In 2026, the CX-5 is looking like a safe bet for buyers interested in a reliable yet comfortable vehicle. ![2026 Mazda CX-5 driving on a winding road, highlighting its refreshed styling and comfortable ride.](https://jade.finance/wp-content/uploads/2026/01/Mazda-CX-5.webp "Mazda CX-5 - Jade Finance") ### Genesis GV60 (Including GV60 Magma performance variant) Continuing its global praise for providing luxury EVs, the GV60 is standing out in 2026 for its interior quality and refined features. Its high-performing GV60 Magma variant is also gaining a solid reputation with international reviewers turning their attention to the sportier electric SUV for its sharp handling and increased power. ![Light blue 2026 Genesis GV60 electric SUV with refined features parked by the ocean.](https://jade.finance/wp-content/uploads/2026/01/Genesis-GV60.webp "Genesis GV60 - Jade Finance") ## Electric Vehicles Gaining Global Traction in 2026 Focus remains on electric vehicles in 2026 with several new models gaining attention overseas. We’ve identified three that are standing out for their improvements in driving range, charging speed, and design refinements – Volvo EX60 (2026), Zeekr 7X (update), and Renault 5 Turbo 3E. ### Volvo EX60 (2026) This model is shaping up to be one of the most important EV launches for 2026. So far, international reports point to a long driving range, as well as advanced safety systems, and much faster charging. This EV is positioned as an electric alternative to the highly-popular mid-size SUVs offered by Volvo, and there is an expectation this model is going to play a key role in the long-term electrification strategy for the company. ![Light blue 2026 Volvo electric SUV concept, showing advanced design features and long-range potential.](https://jade.finance/wp-content/uploads/2026/01/Volvo-EX60.webp "Volvo EX60 - Jade Finance") ### Zeekr 7X update The updated Zeekr 7X is continuing to attract attention from global markets in China and part of Europe. Attention is mainly focused on its strong performance figures coupled with a premium interior and competitive pricing. International reviews are highlighting a high-tech cabin, and long driving range capabilities. Rapid charging support is a major drawcard which is sure to be well-received when the update hits Australia mid-year. ![White Zeekr 7X SUV parked outside a modern building, highlighting its sleek design and advanced features.](https://jade.finance/wp-content/uploads/2026/01/Zeekr-7X.webp "Zeekr 7X - Jade Finance") ### Renault 5 Turbo 3E Strong global buzz is being generated by the Renault 5 Turbo 3E. International reviews are pointing to this model as a ‘high-performance electric reinterpretation of the classic hot hatch’. Early impressions from the global market are focused on the aggressive styling of the Turbo 3E, coupled with rear-wheel drive and great performance credentials. While the model is said to be more niche, it’s still standing out as one of the most highly-anticipated EVs expected in Australia in 2026. ![The insane Renault 5 Turbo 3E during a photoshoot in a dark room, with hero yellow and black two-tone livery.](https://jade.finance/wp-content/uploads/2026/01/Renault-5-Turbo-3E.webp "Renault 5 Turbo 3E - Jade Finance") ## International Reviews for 2026 Aussie Buyers Many 2026 vehicles are yet to reach all global markets, but early international reviews already offer real-world insight into performance, reliability, technology, and overall driving experience. For many new models coming to Australia in 2026, drivers in Europe, China and North America have already spent time behind the wheel and shared their impressions. We’ve linked to international feedback for each upcoming Australian release to highlight strengths and weaknesses that don’t usually appear in official specifications. Find the right ride comfort, efficiency, infotainment, and build quality for you by gaining a clear picture of which 2026 models are genuinely worth waiting for. ### International Reviews for 2026 Car Releases Second Quarter 2026Mid 2026Second Half 2026Late 2026- [Audi Q3](https://www.youtube.com/watch?v=kaD1ZSs8jRs) - [Audi Q3 Sportback ](https://www.completecar.ie/car-reviews/article/Audi/Q3/Q3_Sportback_e-Hybrid_(2026)/2601/14402/2025-Audi-Q3-Sportback-e-Hybrid-(2026)-review.html) - [Lamborghini Temarario](https://www.carsguide.com.au/luxury/lamborghini-temerario-99193) - [Mazda 6e](https://www.whichcar.com.au/reviews/2026-mazda-6e-review-wheels-verdict-bold-new-sedan) - [Nissan X-Trail facelift ](https://www.chasingcars.com.au/news/future-cars/facelifted-2026-nissan-x-trail-unveiled-in-japan-with-sporty-nismo-and-rugged-rock-creek-variants-to-rival-new-generation-toyota-rav4/) - [Porsche 718 EV](https://www.carsguide.com.au/porsche/718/reviews/2026) - [Volkswagen Touareg Final Edition](https://www.carexpert.com.au/car-news/volkswagen-touareg-to-bow-out-with-a-2026-final-edition-confirmed-for-australia) - [Volkswagen New T-Roc](https://www.topgear.com/car-reviews/t-roc) - [Xpend M03](https://www.arenaev.com/xpengs_mona_m03_review_interior_design_features-news-5355.php) - [Jeep Compass ](https://www.youtube.com/watch?v=S1tMF7AaWdU) - [Cupra Leon facelift ](https://www.carexpert.com.au/car-news/2026-cupra-leon-price-and-specs-facelifted-small-car-gets-new-wagon-hybrid-options) - [Isuzu Electric D-Max](https://www.youtube.com/watch?v=RipwAodyUvI) - [Leapmotor B05](https://www.carexpert.com.au/car-news/leapmotor-b05-golf-size-ev-unveiled-will-spawn-gti-rival) - [Volvo EX60](https://www.carsguide.com.au/car-news/gamechanger-ev-with-800km-plus-range-100535) - [Zeekr 7X update](https://www.carexpert.com.au/car-reviews/2026-zeekr-7x-review) - [Nissan Ariya facelift](https://www.carexpert.com.au/car-reviews/2026-nissan-ariya-review) - [Nissan Leaf](https://www.carexpert.com.au/car-reviews/2026-nissan-leaf-review-quick-drive) - [Nissan Y63 Patrol](https://www.chasingcars.com.au/reviews/large-suvs/nissan-patrol-y63-2026-review-international-first-drive/) - [Renault 5 Turbo 3E](https://www.carexpert.com.au/car-news/2027-renault-5-turbo-3e-australia-bound-hot-hatch-ev-will-be-very-exclusive) - [Mercedes-Benz AMG GT XX](https://www.topgear.com/car-news/first-look/meet-223mph-concept-amg-gt-xx-a-1340bhp-ev-previews-merc-amgs-e-hypercar) - [Ferrari 849 Testarossa ](https://f1rstmotors.com/news/2026-ferrari-849-testarossa) - [Genesis GV60 Magma](https://www.youtube.com/watch?v=b5k58l5ECOQ&vl=en) - [Genesis hybrid powertrains ](https://www.carexpert.com.au/car-news/2026-genesis-gv70-to-get-hybrid-and-erev-power-report) - [Range Rover electric](https://www.topgear.com/car-reviews/land-rover/range-rover-electric-prototype/first-drive) - [Mercedes-Benz GLC EQ](https://www.electrifying.com/reviews/mercedes-reviews/glc-eq/review) - [Mercedes-Benz hybrid and EV](https://www.youtube.com/watch?v=zNpqbhiDmcw) - [Mercedes-Benz Updated GLE and GLS](https://www.drive.com.au/showrooms/mercedes-benz/gle-class/) - [Skoda Epiq](https://www.youtube.com/watch?v=PWpyoYh9F2I) - [Renault 5 Turbo 3E](https://www.topgear.com/car-news/electric/renault-5-turbo-3e-flat-out-mad-bad-540bhp-superhero-r5) - [Alpine A390](https://www.carexpert.com.au/car-reviews/2026-alpine-a390-gt-review-quick-drive) - [Cupra Formentor facelift ](https://www.drive.com.au/reviews/2026-cupra-leon-review-australian-first-drive/) - [Honda Prelude](https://www.chasingcars.com.au/reviews/sports-cars/honda-prelude-2026-review-international-first-drive/) - [Honda Super One ](https://www.carexpert.com.au/car-reviews/2026-honda-super-one-review-quick-drive) - [Jeep Wagoneer S](https://insideevs.com/reviews/748515/jeep-wagoneer-s-first-drive/) - [Jeep Recon](https://www.caranddriver.com/jeep/recon-ev) - [Mazda CX-5](https://www.youtube.com/watch?v=2s9ELMl8m4s) - [McLaren W1](https://www.motortrend.com/cars/mclaren/w1) - [Mitsubishi Foxtron-based EV](https://zecar.com/reviews/foxconn-ev-suv-to-hit-aussie-roads-2026) ## Get Pre-approved Car Funding with Jade Finance Pre-approval is available for private buyers on [**Secured Car Loans**](/car-loans/secured-car-finance), and for business buyers on Lease, CHP, Rent-to-Own, and Chattel Mortgage. Our same [**competitive rates**](/car-loans/secured-car-finance) apply regardless of when the loan application is made – before or after purchase. *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Best New Car Releases in Australia 2026](https://jade.finance/blog/best-new-car-releases-in-australia-2026) **Published:** January 23, 2026 **Author:** Publisher **Excerpt:** A diverse range of new cars is set to infuse Australia’s motor vehicle market in 2026. From electric SUVs to rugged utes and luxury models - buyers are positioned for increased choice in the new model year with plenty EV, hybrid, and traditional petrol vehicles on offer. **Content:** A diverse range of new cars is set to infuse Australia’s motor vehicle market in 2026. From electric SUVs to rugged utes and luxury models – buyers are positioned for increased choice in the new model year with plenty EV, hybrid, and traditional petrol vehicles on offer. The balance presented by the 2026 line-up is compelling with expansion evident in every direction, contributing solid options across almost all segments. In this guide, we’ll break down the best cars heading down under in 2026, why you should wait for them, and where they sit in the market. ## Electric Cars ![White BMW iX3 electric car parked on a dirt path with autumn trees in the background](https://jade.finance/wp-content/uploads/2026/01/BMW-iX3.webp "BMW-iX3 - Jade Finance")*BMW iX3*Range and charging speed have taken a leap forward 2026, making electric cars more viable for more buyers. Across the range, the BMW iX3 is the standout, built on a next-generation electric platform, delivering better range, faster charging, better interior space, improved performance, lighter weight, and future-proof technology. Buyers seeking a more affordable or compact EV can find what they need in the BYD Atto 2 and Suzuki eVitara, two models designed for everyday Australian driving. These models will hit the market in 2026 with more practical cabin space, an appealing price point, improved driving range, lower running costs, all within the familiar proportions of an SUV. ### Key Electric Cars Arriving in 2026 ModelSegmentWhy it’s Worth Waiting ForWhen is it expected?**BMW iX3**Mid-size EV SUVLonger driving range with next-gen fast charging, fresh interior and exterior design, and next-level technology. Up to 800km driving range, charging speeds up to 400kW, all-wheel drivetrain.Mid 2026**Mazda 6e**Electric sedanRivals the Tesla Model 3 but rooted in Mazda’s design. Up to 500km driving range, DC fast charging from 30-80% in 15 minutes. Exact top kW is not officially confirmed for Australia.Timing unconfirmed**BYD Atto 2**Small EV SUVValue-focused and urban-friendly EV. Up to 345km driving range, DC fast-charging up to 82kW or 10-80% in approx 38 minutes.Fourth quarter of 2025**Suzuki eVitara**Compact EV SUVSuzuki’s first EV for Australia, accompanied by the new hybrid variant of the Vitara small SUV. Up to 426km driving range, DC fast-charging around 70kW or 10-80% in 45 minutes.First quarter of 2026**Renault Scenic E-Tech**Mid-size EV SUV625km driving range with a family-focus. Long-range 87kWh version has a 625km driving range, DC fast-charging up to 130kW on a standard battery.Early 2026## Electric Utes and Work Vehicles ![2026 Ford Ranger Super Duty pickup truck for Australian new car releases](https://jade.finance/wp-content/uploads/2026/01/Ford-Ranger-Super-Duty.webp "Ford Ranger Super Duty - Jade Finance")*Ford Ranger Super Duty*In 2026, the arrival of electric utes is something to be excited for. This category has previously been seen as incompatible with electric vehicles, but, in the new model year, this perception has clearly changed. Models that are changing the game include the Isuzu D-Max EV and Toyota HiLux BEV. From instant torque to reduced servicing costs, the appeal of these utes is on the rise, providing a good alternative for fleets and urban and regional businesses. However, while EVs like these are beginning to target real-world work, it’ll be a long time before diesel vehicles are replaced across the board. Alongside the EVs, traditional utes are continuing to push forward with the Ford Ranger Super Duty a key model offering greater choice to buyers. Additionally, the all-new Nissan Navara will also arrive in Australia in early 2026 as the fifth-generation of one of the country’s most recognisable utes. ### Key Electric Utes and Work Vehicles Arriving in 2026 ModelPowertrainWhy it’s Worth Waiting ForWhen is it expected?**Toyota HiLux BEV**ElectricNew look, redesigned cabin, updated tech, optional diesel or EV powertrain, braked towing capacity is 3500kg, and 1100kg payload.Early 2026**Isuzu D-Max EV**ElectricIsuzu’s first EV to be sold in Australia. A 1000kg payload, 3500kg towing capacity, and expected to travel 263km on a single full battery.Mid 2026**Ford Ranger Super Duty**DieselHeavier-duty version of the biggest-selling new vehicle in Australia, the Ford Ranger ute. This model features a 4500kg braked towing capacity, 1825 max payload allowance, and 4500kg GVM.Early 2026**Nissan Navara (new gen)**Petrol/diesel with a Hybrid likelyA max braked towing capacity of 3500kg, payload of 950kg – 1047kg depending on the variant, GVM of 3190kg, and a GCM of 3190kg.March 2026## Notable SUVs Arriving in 2026 ![New 2026 Jeep Compass SUV in vibrant lime green, driving on a winding road, revealing upcoming Australian car releases](https://jade.finance/wp-content/uploads/2026/01/Jeep.webp "Jeep - Jade Finance")*Jeep Compass new generation*At the backbone of the Australian car market is the trusty SUV, and in 2026, we can appreciate how refined this segment has become with a range of impressive new arrivals on the horizon. One of the most anticipated models set to hit Australia is the next-generation Toyota RAV4, offering both hybrid and plug-in hybrid options. Plug-in hybrids are particularly compelling for SUVs in 2026 with vehicles like the Tiggo 9 PHEV offering electric only ranges for short-distance driving while retaining long-distance flexibility. Meanwhile, Electric SUVs like the Hyundai Elexio and Renault Scenic E-Tech are further increasing the competition in the mid-size EV market with better value for money on standard features and advanced tech. ### Key SUVs earmarked for 2026 ModelTypeWhy it’s Worth Waiting ForWhen is it expected?**Toyota RAV4 (Gen 6)**Hybrid/PHEVBraked towing capacity up to 1500kg, PHEV battery is 22.7kWh lithium-ion, DC fast-charging up to 50kW or 10-80% in 30 minutes.Hybrid models in the first quarter of 2026. PHEV models in mid-2026.**Chery Tiggo 9 PHEV**Plug-in Hybrid SUVPlug-in hybrid system with petrol engine and electric, combined output of 315kW, DC fast charging up to 771kW, braked towing capacity of 1500kg, notable for its strong electric-only range for a PHEV.Late 2025/Early 2026**Hyundai Elexio**Electric SUVFront-wheel-drive single motor, DC fast charging from 30-80% in 27 minutes, expected to include advanced driver assistance and safety technology, generous 506L boot size, built on Hyundai’s E-GMP EV platform.Early 2026**Jeep Compass (new-generation)**Petrol/diesel and hybrid variantsElectric (BEV) of 170kW, Mild Hybrid (MHEV of 108kW, Plug-in Hybrid (PHEV) of 143kW with electricity and power systems. DC fast charging up to 160kW with a claimed driving range of up to 500km.Mid 2026## Closing Thoughts In 2026, there is a clear shift towards EVs, with a number of key trends defining the new model year lineup. From improved EV driving ranges to better suit Australian driving habits, to faster charging for more realistic long-distance travel and plug-in hybrids with EV-only capabilities. In 2026, advanced driver assistance is standard among models, rather than an optional feature, and infotainment centres are being refined. If you’re considering a new car in the next few years, 2026 has a standout lineup with more usable EVs, more efficient hybrids, and refined traditional models. **Categories:** Information --- ### [Can I get a loan to pay a tax bill?](https://jade.finance/blog/can-i-get-a-loan-to-pay-a-tax-bill) **Published:** January 5, 2026 **Author:** Publisher **Excerpt:** A loan to pay a tax bill may be approved for both individuals and business operators with unsecured credit products at competitive interest rates through Jade Finance. **Content:** A loan to pay tax bill may be approved for both individuals and business operators with unsecured credit products at competitive interest rates through Jade Finance. While ‘tax time’ is considered to be at the end of the financial year, 30 June – 1 July, crunch time for taxation can be early in the year when any income tax payable is due for payment. If you don’t pay on time, the [Australian Taxation Office](https://www.ato.gov.au "Australian Taxation Office") will charge you interest which compounds over time. Leading to an ever-increasing debt and the potential for financial issues. Individuals that are employees will have their taxation deducted from wages and paid by their employer. But those that derive additional income from a rental property, gig work, investments, and other sources, may find themselves subject to additional taxation when their ATO assessment arrives. The date for personal tax payments is March. Businesses also face early year deadlines for their taxation commitments – both income tax and their quarterly or annual BAS. After a tough year of rising inflation and high costs of living and coming fast after the festive season, that deadline to pay debts to the ATO may be very untimely. If the debt is not paid, not only is interest applicable but penalties may also apply. The options are to come to an arrangement with the ATO to pay off outstanding debts over time or take out a loan through a lender. We outline the finance products we have to assist individuals and businesses to pay their ATO debts and why finance may be an advantage over an ATO arrangement. ## Personal Loan to Pay Tax Bill For individuals with a personal income debt to the ATO, an [Unsecured Personal Loan](/personal-loans/unsecured-personal-loans) may be considered. This is a very versatile credit product which can be used to cover expenses which are not available or suitable as finance collateral. The interest rate may be fixed or variable and terms negotiated by our brokers to best suit individual requirements. Short term loans may be secured to ensure the debt is finalised before the next ATO assessment is due. To be eligible for a consumer credit product, applicants will need to be over the age of 18 years, have employment and income, and provide financial documentation and details or Australian residency and ID. Arranging finance to finalise ATO debts as early as possible before the due date may avoid penalties and a last minute panic as the deadline looms. If planning to take on finance for another purpose this year – a new car, boat, or motorbike, finalising other debts may improve your financial position and credit profile and result in better rates and finance solutions. ## Business Loan to Pay Tax Bill Businesses with debts to the ATO can consider unsecured commercial credit facilities. The options include a Business Overdraft and an [Unsecured Business Loan](/business-loans). An Overdraft is extremely versatile and allows the business to pay down the debt as cash flow permits. Terms may be set or the line of credit established on an ongoing basis which is reviewed at various time by our non-bank lenders. Unsecured Business Loans are individually sourced and structured to best meet our client’s requirements. No collateral is required so there is no need to tie up assets as finance security. Terms can be negotiated and with our highly competitive rates, this credit product may present a very affordable solution. Interest charges and lender charges on both Overdrafts and Unsecured Business Loans are typically tax deductible. ## Why take out a loan to pay tax bill? Where individuals and businesses have a debt to the ATO, an arrangement to pay off the debt may be sought from the ATO. But interest will be charged and penalties may still apply. With our access to a large lender base and highly competitive rates, our rates will likely be much cheaper than what the ATO will charge you. For businesses, there is another important reason – [changes to ATO debts](https://www.ato.gov.au/about-ato/new-legislation/in-detail/businesses/deny-deductions-for-ato-interest-charges "changes to ATO debts") that came into effect on 1 July 2025. The change – interest charged on ATO debts is no longer a tax deduction. Prior to this date, businesses could deduct interest which made repaying ATO debts more workable. But with this benefit no longer an option, the interest charged by the ATO will need to be covered from the business profits. This applies to debts incurred from 1 July 2025. The advantage of covering the ATO debt with commercial finance is that businesses will be allowed to deduct interest on business loans from taxable income. Depending on the size of the debt and the finance, this may represent a significant benefit compared with paying the interest from profit. In addition, when entering an arrangement to repay debt directly to the ATO, the interest charged accrues and compounds over time. Interest on some ATO charges is applied on a daily basis. Making the actual interest rate being paid much greater than that quoted. Sourcing finance for ATO debt through Jade at competitive rates and over a fixed term may present a much more affordable option for your business. **To discuss your options for a loan to pay tax bill, [contact Jade Finance online](/contact-us) or [by phone](tel:1300000008).** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [What is pre-delivery finance?](https://jade.finance/blog/what-is-pre-delivery-finance) **Published:** November 3, 2025 **Author:** Publisher **Excerpt:** Pre-delivery finance is a loan that is sourced with pricing and conditional approval in advance of the buyer taking delivery or the availability of the goods. **Content:** Pre-delivery finance is a loan that is sourced with pricing and conditional approval in advance of the buyer taking delivery or the availability of the goods. The same as pre-approved loans but typically obtained further ahead of purchase, a pre-delivery loan may provide many benefits in several scenarios. These can include where buyers need to pre-order vehicles which are in high demand or arriving in the market with limited availability. This may also apply to boats, limited edition motorcycle models, heavy vehicles, and a wide range of machinery and equipment. Buyers that need to pre-order to secure their goods when the shipment arrives or the goods are launched, often want to have an indication of their loan commitment first. They may also want the assurance that they will be approved for the loan required before placing their order and paying any deposit or holding payment. ## How is pre-delivery finance priced? Loans sourced well in advance of taking delivery of the goods should be taken as an estimate and used as a guide to the final outcome. Depending on the timeframe between being quoted and taking delivery, final settlement, interest rates and the loan amount required may change. Rates may change with [RBA decisions](http://www.rba.gov.au "RBA decisions"). To establish how much is required for the loan, buyers will need to obtain pricing from the dealer or manufacturer. If the goods are being imported, often the exact selling price will not be known until the goods land in the dealerships. Buyers need to request a price guide from the manufacturer to use as their loan estimate. The loan application is then completed, and a quote and approval sought, based on the buyer’s current credit score and financial documentations. The interest rate quoted will be at the current rates offered by the chosen lender. Offers are valid for a set time period. Lenders provide conditional approval with a quote for rates and repayments. The quote is conditional on the interest rate market and the buyer’s credit profile at the time that the loan is required. It will also be conditional on the buyer confirming the exact amount required for the loan. Depending on the timeframe between application and delivery, interest rates may vary. The rate at the time the loan is required may be lower or higher than quoted at the pre-delivery stage. When the date for taking delivery approaches and the buyer does have an exact loan amount, the loan offer may be reviewed and finalised. When finalising pre-delivery finance, lenders will apply current rates and assess the current credit position. Any variations required will be made in any final loan offer. Offers do not carry an obligation to proceed. If the final price of the goods or the goods themselves are not acceptable to the buyer when available for sale, any loan offer would simply expire. ## What loans are available for pre-delivery finance? Loans can be arranged prior to delivery with many credit products. While pre-delivery loans are widely used for low stock motor vehicles and limited-edition motorbikes, they can be used for caravans, boats, trucks and equipment. The relevant credit product would apply. For private buyers the appropriate category of secured loan would apply – [Secured Car Loan](/car-loans/secured-car-finance), Secured Boat Loan, Secured Caravan Finance, or [Secured Motorcycle Finance](/bike-loans/secured-motorcycle-loans). Business buyers select the credit facilities that best suits their structure and objectives from Chattel Mortgage, [Lease](/car-loans/car-leasing), Rent-to-Own and Commercial Hire Purchase. All the features and benefits applicable to the credit facility apply with pre-arranged finance. This includes our fixed rates, fixed terms and fixed repayments, and tax benefits for commercial credit facilities. ## What are the advantages of pre-delivery finance? The benefits of arranging a loan well ahead of taking delivery of the goods may depend on individual objectives. For buyers of low stock and limited-edition models, it may be that they can confidently place their order or expression of interest and avoid the risk of missing out on their prized purchase. Buyers can benefit from the assurance that will be approved for the loan amount required for the goods. Proceeding to pre-order without that assurance may lead to some nerve-racking moments when the goods are ready for purchase. Business owners may also benefit from being able to budget for asset investments well ahead of actual delivery. ## Considering pre-delivery finance on a F-150? The release of pricing on the [new model Ford F-150](https://www.ford.com.au/showroom/trucks-and-vans/f-150/ "new model Ford F-150") provides an ideal current example of how pre-delivery finance can benefit buyers. The latest model in the range, the Platinum, is due for availability in Australia early in 2026. Ahead of the release, dealers are taking pre-orders now. Pricing guides have been released which can provide buyers with an indication of their loan requirements and the figures needed to apply for pre-approved finance. Secure conditional loan approval now with Jade so you can place your order and not miss out on this great vehicle. **For pre-delivery finance on your chosen model, speak with Jade Finance or request a quote online.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR. **Categories:** Finance --- ### [Are we about to see the end of the Luxury Car Tax and cheaper cars?](https://jade.finance/blog/are-we-about-to-see-the-end-of-the-luxury-car-tax-and-cheaper-cars) **Published:** May 19, 2025 **Author:** Publisher **Excerpt:** Luxury Car Tax is applied to vehicles imported/sold in Australia with a price in excess of the thresholds applicable to the year and the vehicle type. **Content:** Luxury Car Tax is applied to vehicles imported/sold in Australia with a price in excess of the thresholds applicable to the year and the vehicle type. The Luxury Car Tax (LCT) is a 33% tax which applies not to the entire price but to the excess of the price above the applicable threshold. Exemptions apply to commercial vehicles used to transport goods. The thresholds differ for fuel-efficient and other cars, as defined by the [ATO](https://www.ato.gov.au "ATO"). These types of taxes, essentially a tariff, are primarily imposed by a country to protect its local industries from cheap imports. When the LCT was introduced, Australia did have a large vehicle manufacturing industry with Holden and Ford the two major brands. But with the exit of these and other brands from manufacturing in Australia, and with a push for free trade agreements by many countries, it appears LCT may be on the way out. News media has reported that the re-elected Albanese Labor Government has plans to end LCT, as it enters talks with the EU on tariffs and trade. In the current global tariff scenario, free trade agreements with Europe are seen as providing opportunities for our key industries, especially agricultural produce. If we are about to say goodbye to LCT, we could be saying ‘hello’ to lower pricing on many cars defined as ‘luxury’. At that current LCT thresholds for this financial year, that is cars priced above $80,567 and fuel-efficient models priced above $91,387. While the term ‘luxury’ conjures thoughts of aspirational brands such as [Audi](https://www.audi.com.au/en/ "Audi"), Mercedes, BMW and Porsche, the threshold also captures many models from popular Japanese and South Korean brands. Buyers are not hit with any extra charge when purchasing, as the importer bears the tax and it is incorporated into the price offered to buyers. With quite broad coverage of makes and models, many buyers may be keen to know when this may happen and how it will reduce the price of the car they are considering. The timing is unknown as, to our knowledge, there has been no official confirmation from the Government at this stage. The LCT is subject to a tax Act and as such, presumably needs a Parliamentary decision to amend or discontinue the specific Act. Prime Minister Albanese has recalled Federal Parliament from July, after the new Senate is in place. What luxury car buyers can do in the interim is understand how LCT is currently impacting the price of the cars they are interested in and what savings they may make it is abolished on new models arriving in this financial year. ## Luxury Car Tax: Overview As the name implies, the [Luxury Car Tax](https://www.ato.gov.au/tax-rates-and-codes/luxury-car-tax-rate-and-thresholds "Luxury Car Tax") is a tax on luxury cars. Specifically, those imported and sold in Australia that have a price exceeding the threshold applicable to the year of import and/or sale. The current rate for this tax is 33%. The 33% is taxed on the portion of the price inclusive of GST which exceeds the applicable threshold. The importer pays the tax to the government and then incorporates the charge into their selling price. The tax applies to cars with capacity for a maximum of 9 passengers and less than 2 tonnes. Motorcycles are not subject to LCT. Different thresholds apply to petrol/diesel fuelled and fuel-efficient models. Commercial vehicles for use in business for goods transportation are exempt. The thresholds are changed each financial year, reflected price changes. Different thresholds apply to different years of importation/sale. While buyers may only find out the exact amount of LCT included in their price when an invoice is received after purchase, at 33% it’s clear that the LCT on many vehicles can be a significant amount. If and when it no longer applies, the price of these cars could be found significantly lower. ## Luxury Car Loan Options A reduction in the car price then flows through to the finance and the loan payments. With less borrowings required to make the purchase a lower monthly payment may be achieved. Making many aspirational models more affordable and attainable for more buyers. When considering this possibility and using our [Finance Calculators](/car-loans/car-finance-calculator) to work out loan estimates, buyers should take into account the normal price rises on new models. High-end and models above the LCT price thresholds can be financed with the same loan products as all other cars. For private buyers that is the [Secured Car Loan](/car-loans/secured-car-finance). For business buyers, the loan options include Leasing, Commercial Hire Purchase and [Chattel Mortgage](/business-loans/business-car-finance). Buyers can request a quote to consider affordability and/or apply for pre-approved financing for the confidence to proceed to engage in negotiations with car dealers. For more information and updates on the future of LCT, stay tuned to our Blogs. **For affordable financing on cars subject to the Luxury Car Tax, contact Jade Finance online or by phone 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Replace or repurpose? Compare equipment finance with machinery modification loan options](https://jade.finance/blog/compare-equipment-finance-options) **Published:** December 9, 2024 **Author:** Publisher **Excerpt:** A range of cost-effective equipment finance products are available through Jade Finance to enable business owners to repurpose rather than replace key machinery. **Content:** Changes within a business operation, or from external factors in the markets served can result in existing machinery no longer being fully suited to the purpose, product or the project. Putting operators in a position to consider replacing the unit with a more suitable model. But is replacing the asset the only option? Depending on the specific unit, there may be a more affordable, workable alternative by repurposing the unit with modifications, attachments and system upgrades. A range of cost-effective equipment finance products are available through Jade Finance to enable business owners to repurpose rather than replace key machinery. The types of modifications that may be financed include the purchase of attachments, tech systems and accessories to adapt tractors, loaders and agricultural machines to suit different crops. Acquiring new buckets, couplers and similar for dozers, graders and other construction, forestry and mining sector machines. Leading brands of construction and agricultural machinery include [Caterpillar](https://www.cat.com/en_AU.html), JD, [Case](https://www.caseih.com/en-au/australia) and other provide an extensive selection of attachments for many of their machines. Where a new range of products requires the production process to be adapted, the requirements may include special parts and/or new digital operating systems. Businesses relying on computer systems may regularly need to adapt their software. Business owners looking to move into new markets to take on other types of projects may need to adapt their assets accordingly. Many business owners may simply be seeking to improve productivity and efficiency without having to invest in new machines. We provide an overview of the loans available for modifications to allow operators to compare with financing new equipment to assist their decision-making. ## Repurposing Machines with Equipment Finance Buckets, stump grinders, tractor attachments, accessories and other major parts that are considered to be acceptable as collateral, may be financed with asset acquisition credit facilities. These include [Chattel Mortgage](/business-loans/chattel-mortgage), Rent-to-Own, Leasing and Hire Purchase. As secured format loans, these facilities offer cost-effective solutions with affordable rates and flexible terms available. Payments may be structured in line with the life cycle of either the main unit or the newly installed extra. Modifications which require software packs, tech kits, and some parts and components, may be suited to financing with non-asset credit facilities including unsecured and secured business loans. These types of loans can be used for a broad range of business expenditure. Secured loans may use other assets of the company as collateral. Where no security by way of assets is available, an unsecured format loan may suit the purchase. Unsecured loans do attract higher rates than secured loans. The versatility of general business loans allows for extra expenses included in the modification process, such as labour, installation and commissioning costs, to be financed. Easing pressure on existing cash flow funds and potentially presenting a very workable and viable option to achieving the business objective. Where lower cost modifications are required, business may also consider an [overdraft](/business-loans/business-overdraft). Rates on overdraft finance are higher compared with secured loans. But the flexibility they present, may present the ideal solution to quickly modifying existing machines to new purposes. If the modifications require multiple parts and systems, it may be possible to secure one financing arrangement to include all the requirements. Providing operators with a more streamlined option with the one monthly repayment only. There will be multiple variations in requirements for different machines and different businesses. Having an initial conversation with our experts can quickly clarify the most cost-effective solution for your specific requirements. ## Comparing Equipment Acquisition and Modification Options The decision as to which is the best way forward – buy a new machine or modify the existing, will be up to individual business owners. To assist with that decision, our [Finance Calculator](/business-loans/business-loan-calculator) can be used to generate estimates on all the business loan options. Interest rates will vary based on individual business profiles. But our current rates may be used to obtain quick estimates for comparison purposes. To estimate repayments on acquiring new machines, use the interest rate relevant to the choice of asset acquisition credit facility – Leasing, Chattel Mortgage, CHP or Rent-to-Own. If the intention would be to sell or trade-in the existing machine, deduct that amount from the loan total, if desired. When estimating loans for attachments and other parts to modify existing equipment, use the price of the goods as the total required and the interest rate for the loan type required – Secured or Unsecured Business Loans, or Business Overdraft. All amounts can be changed to work out different combinations with different terms, rates, balloons and totals. How do the numbers stack up for your business? Replace or repurpose? For quotes based on your specific purchases and profile, contact our brokers. **For quotes on cost-effective, workable equipment finance to modify and repurpose existing machinery, contact Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Catch You at The 2025 Casino Truck Show](https://jade.finance/blog/catch-you-at-the-2025-casino-truck-show) **Published:** July 9, 2025 **Author:** Publisher **Excerpt:** A massive line-up of trucks is set to dazzle business owners, operators and heavy vehicle enthusiasts when the 2025 North Coast Petroleum Casino Truck Show rolls into town. **Content:** A massive line-up of trucks is set to dazzle business owners, operators and heavy vehicle enthusiasts when the 2025 North Coast Petroleum Casino Truck Show rolls into town. Taking place on August 2nd, the event will be bigger than ever before and we’re excited to announce that [Jade Finance](https://jade.finance/) will have a team on the ground ready to chat with operators and answer any finance related questions. With 550 trucks expected to line the streets of Casino, the latest in heavy vehicle innovation will be on display, as well as plenty of custom rigs, industry experts, and networking opportunities to connect with businesses shaping the future of the trucking industry. Jade Finance is an official sponsor of the event this year and will be presenting the trophy for Exceptional Fleet Display. Come see our tent and grab some free merchandise including trucker hats, stubby holders and balloons. Head down from 10am when the Dawsons Haulage truck parade kickstarts the entire event. There will be music from Country Mud Band and Pink Zinc Band, as well as food stalls, and industry displays. It’s the greatest truck show in the Southern Hemisphere with over 30,000 attendees. In the market for a new or used heavy vehicle? Purchase quickly and easily by securing a low-rate pre-approved truck loan with our team of expert brokers. To get started, connect with us online or by phone today. **Where Our Tent Will Be:** *Nearby the Barker and Walker Street roundabout, Casino NSW.* ![Aerial view of the location where the Jade Finance stand will be at the Casino Truck Show in 2025.](https://jade.finance/wp-content/uploads/2025/07/2025-Casino-Truck-Show-Jade-Location.webp "2025 Casino Truck Show Jade Location - Jade Finance") **Further Reading:** - [How a Pre-approved Loan Works](https://jade.finance/blog/why-pre-approved-loans-can-be-a-smart-decision) - [Top-Selling Trucks of 2025](https://jade.finance/blog/planning-new-heavy-vehicles-this-year-top-selling-truck-brands-revealed) **Categories:** Information --- ### [Tax Time: Car Finance Tax Deductions](https://jade.finance/blog/tax-time-car-finance-tax-deductions) **Published:** June 9, 2025 **Author:** Publisher **Excerpt:** Car finance tax deductions are included with commercial finance products, but personal car loan payments are not deductible, though some expenses may be allowed. **Content:** Car finance tax deductions are included with commercial finance products, but personal car loan payments are not deductible, though some expenses may be allowed. Especially if preparing your own tax return and if you are financing a new vehicle for the new financial year, it is important to know what deductions the Australian Taxation Office (ATO) allows on your type of loan. The [ATO](https://www.ato.gov.au) has been very forthcoming in warning taxpayers that they will be looking closely at expenses claimed on personal income tax returns. Making mistakes on a return may lead to outcomes including penalties applied, extra unexpected tax payable and an audit by the ATO. Note that those that accrue debts with the ATO that are subject to interest, cannot deduct that interest from their taxable income after 1 July 2025. For those completing their 2024/25 returns and for buyers budgeting for car purchases in 2025/26, we provide details on the deductions which apply to both business and personal motor vehicle financing. ## Private Car Finance Tax Deductions Individuals with a personal car loan such as [Secured Car Finance](/car-loans/secured-car-finance) cannot claim their loan payments as a tax deduction, even if they use the vehicle for work-related purposes. Owners of privately-owned vehicles which are used at times for purposes attached to employment, may be eligible to claim some expenses. The [ATO clearly sets out the guidelines](https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/cars-transport-and-travel/motor-vehicle-and-car-expenses "ATO clearly sets out the guidelines") for private vehicle owners claiming vehicle expenses on their tax return. These guidelines include:- the individual must lease or own the vehicle; the mileage must be related to their work; driving from home to a place of employment is not a claimable purpose; the individual must have spent money on the expense and not have received a reimbursement for those expenses from their employer; if a car allowance is received from the employer it must be claimed in assessable income; and a number of other conditions. If you are an employee and you use your car for work-related purposes, it is advised that you read the ATO conditions and confirm with your employer that the appropriate arrangements are in place. If you are paid a car allowance, the employer should be reporting this payment to the ATO when reporting wages. These reports go direct to the ATO and are used to generate returns. ## Novated Lease Car Finance Tax Deductions Employees that have entered into a [Novated Lease](/car-loans/novated-car-leasing-salary-sacrificing), Salary Sacrificing, vehicle financing agreement, are not eligible to claim tax deductions. With this type of loan, the employer makes the repayments and receives the relevant business tax deduction. FBT may also need to be paid by the employer. As the car is owned by the employer over the Lease term, the employee would not be entitled to claim any expenses for work-related trips. Any expenses they may incur, should be reimbursed by the employer. With this type of financing, the employee may receive a tax benefit if the sacrificed salary places them in a lower tax bracket. Coming into the new financial year, if this type of car loan arrangement is of interest to you, contact us for a quote and more details. ## Business Car Finance Tax Deductions All types of [commercial car loans](/business-loans/business-car-finance) include tax deductions. Chattel Mortgage and Commercial Hire Purchase deliver a deduction when the vehicle is depreciated in line with ATO schedules, and the interest payments and lender fees are also deductible. Lease payments are fully deductible as they are treated as an expense by the ATO. The business then typically claims all the costs associated with running, maintaining, registering, insuring and servicing the vehicle. If a company car is provided to an employee and that vehicle is used for some private trips, Fringe Benefits Tax (FBT) applies. The ATO provides rulings as to how private:business mileage is determined to arrive at the FBT payable. This usually involves the employee keeping a log book for a minimum time when the vehicle is purchased, or ongoing. Where an employer enters into a Novated Lease Vehicle Finance arrangement with an employee, the employer and not the employee is eligible for any tax deductions related to the vehicle. Where an employee uses their own vehicle for work purposes, they should be reimbursed in line with ATO rulings. This typically involves a per kilometre reimbursement which is included in their wages. ## Tax Rulings for 2025/26 Car Purchases If purchasing new cars for the 2025/26 financial year, the same tax rulings apply as for 2024/25. Tax deductions on business vehicles remain the same for the relevant credit products. Changes only apply where the government announces a temporary change to tax policy such as Instant Asset Write-off (IAWO). Currently, IAWO does not apply to assets purchased in 2025/26. While no tax deductions are available for personal vehicle purchases, individuals can minimise their car loan payments by securing the best interest rate financing through Jade. **For loans that are optimised for car finance tax deductions, Contact Jade Finance online or by phone 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Ultimate Holidays Checklist: Essential Boating Safety Gear in Queensland](https://jade.finance/blog/ultimate-holidays-checklist-essential-boating-safety-gear-in-queensland) **Published:** June 17, 2024 **Author:** Publisher **Content:** Sun, fun, fishing, and of course, the boat engine starting on time, every time – these are the first essentials that come to mind when heading out on the water during the holidays. But sometimes things don’t go to plan – and by neglecting the true holiday boating essentials, things could go from bad to worse in the blink of an eye. So before your next day in the boat, consider the below boat safety equipment checklist for registered vessels to keep you, your friends, and family safe this holiday season. ## Why Should I Care About Boat Safety? Boat safety gear is essential for not only legal reasons, personal safety, and emergency preparedness, but also for your peace of mind. Knowing you have the right equipment should something go wrong, and knowing how to use it, can bring a sense of security to your boat trip during the busy Queensland holiday period. Not only that, but it means that if something does go wrong, you will be able to adapt to the circumstance, and marine rescue resources will be able to be deployed to where they are most critically needed. ## Your Must-Carry Checklist The below four items are legally-required safety equipment that must be aboard your vessel while on the water in Queensland. More information can be found on the [Maritime Safety Queensland ](https://www.msq.qld.gov.au/Safety/Safety-equipment-recreational-ships)website. ### Item 1: Fire Fighting Equipment Chances are you’ve heard stories about boats going up in flames. And although this often makes news, it’s actually one of the most common emergencies onboard a vessel. Having an extinguisher, and knowing how to use it, is essential when aboard a boat. If you have a bigger boat, your fire safety equipment should include other items such as fire hoses, fixed fire fighting systems, fire blankets, and even buckets. ### Item 2: Signaling Device When on the water, there aren’t many ways to communicate with other boats in the area. This is why a sound signaling device is a safety requirement aboard vessels. These devices are used to communicate information to other boats on the water such as navigational information, calls for help, or danger warnings. All vessels are required to have at least one signaling device such as an air horn or whistle, with larger boats required to also have a bell. Visual signaling devices, such as lights, can also be incorporated. ### Item 3: Lifejacket Lifejackets for each person aboard your boat is a basic and essential piece of safety equipment. In the event of an emergency, lifejackets greatly improve the survival rate of those involved. If you are boating in Queensland these holidays, it is important to note that from June 1, 2024, all registered boats operating in designated smooth waters will have to carry enough life jackets for everyone aboard. This was previously an exception to the rules, but it is now a requirement. ### Item 4: EPIRB or PLB An Emergency Position Indicating Radio Beacon, EPIRB, is a small electronic device that assists marine search and rescue services to locate people in distress. Only the size of a milk carton, this is an important piece of emergency equipment that kick-starts the process for a rescue response. Under the legal requirements in Queensland, this piece of equipment is typically only required beyond partially smooth waters. If you are operating a lightweight watercraft, you may be permitted to use a Personal Locator Beacon, PLB, instead. Read the [**conditions of carriage**](https://www.msq.qld.gov.au/safety/distress-signals) to see if you are eligible. ## Your Should-Carry Checklist The below five items are recommended safety equipment that must be aboard your vessel while on the water. More information can be found on the [**Maritime Safety Queensland** ](https://www.msq.qld.gov.au/Safety/Safety-equipment-recreational-ships)website. ### Item 1: Anchor While it is only a recommended item under state government maritime legislation, an anchor is actually one of the most important pieces of equipment to ensure safety. Use of an anchor to secure your vessel, while on the water, can help to maintain your desired location, help control the boat in bad weather, and keep you a safe distance from hazards. However, having an anchor is not sufficient. The anchor must also be dependable, solid, and the right size for your vessel. ### Item 2: Drinking Water The heat of the sun and the salt of the sea are the perfect ingredients for dehydration. And in an emergency situation, or simply just an unexpected delay, having drinking water aboard your vessel is a critical resource. Making sure there is enough water for not only yourself, but also your passengers, is an important consideration. Although it is not a legal requirement, going a whole day in the sun, or even longer, without anything to drink, is a recipe for disaster. ### Item 3: Oars or Paddles Although it is bulky, and not the most aesthetically pleasing addition to your boat, including oars or paddles to your safety equipment stash could save you in a sticky situation. If your engine runs out of fuel, or your vessel loses power, It is important to have a second means of propulsion to ensure you can maneuver your boat and navigate to safety. ### Item 4: Pumping or Bailing Equipment If your boat is filling with water, and all you’ve got are fishing rods and snacks – you’re going to wish you had thought more about your safety plan. Keeping a bucket in your boat is a very good idea for emergency situations where you need to scoop water out of the inside of the vessel to stay afloat. ### Item 5: Handheld Electronic Navigation Device The final piece of essential safety gear we recommend storing in your boat while on the water is a marine GPS. As fun and freeing being on a boat is, a marine GPS is crucial if you are heading to rougher areas, or out at night. By having a Handheld Electronic Navigation Device, you will be able to navigate home in times of reduced visibility, and even be informed about what lies beneath the water like rocks and reefs. ## Safe Harbour: Summing Up During the holidays, everyone wants to relax and enjoy a bit of fun. But there’s nothing less fun than being the person, or people, brought to shore by the marine search and rescue services. With so many people on the water during the holiday season, the odds of accidents or incidents occurring is much higher. Be prepared with this checklist and check the [Maritime Safety Queensland ](https://www.msq.qld.gov.au/Safety/Safety-equipment-recreational-ships)website to receive further information. *Please note this checklist serves as a guide for boat safety during the holiday season. Please conduct proper research to ensure you comply with all legal requirements before hitting the water.* ## Looking to Finance Your Boat This Holiday Season? [Compare Marine Loans](https://jade.finance/boat-loans) with the vast pool of banks and lenders at JADE Finance. With signature cheap rates, strong negotiating skills, and fantastic bargaining power, Jade has the advantage of assessing and comparing the right lender to suit your marine purchase. Whether you’re purchasing for leisure, business, or personal interest – Jade offers a range of financing options including [boat lease](https://jade.finance/boat-loans/boat-lease), [chattel mortgage](https://jade.finance/boat-loans/boat-chattel-mortgage), [commercial hire purchase](https://jade.finance/boat-loans/commercial-hire-purchase), [secured boat finance](https://jade.finance/boat-loans/secured-boat-loan), [unsecured personal loans](https://jade.finance/boat-loans/unsecured-boat-loans), [refinancing](https://jade.finance/boat-loans/refinancing) and more. We also have options for [Yacht and Houseboat Loans](https://jade.finance/boat-loans/yacht-and-houseboat-loans) or [Jet Ski Finance](https://jade.finance/boat-loans/jet-ski-finance). At Jade, our brokers will work hard for you to source the best watercraft loan deal based on your particular loan specs. Let us negotiate on your behalf, call 1300 000 008 or [Request a Quote](https://jade.finance/free-finance-quote). **Categories:** Information --- ### [Owe money to the tax dept? ATO Debt Changes You Need to Know](https://jade.finance/blog/owe-money-to-the-tax-dept-ato-debt-changes-you-need-to-know) **Published:** May 28, 2025 **Author:** Publisher **Excerpt:** From 1 July 2025 ATO debt changes come into effect that no longer allow general interest charges and shortfall interest charges to be eligible tax deductions. **Content:** From 1 July 2025 ATO debt changes come into effect that no longer allow general interest charges and shortfall interest charges to be eligible tax deductions. Businesses that currently have debts to the taxation department and are paying off the debts with interest charges, will no longer be able to deduct the interest as a business expense. This may be a significant development for many business owners and alternative payment arrangements with financing may be considered as a workable option. This change to the taxation laws was announced in the 2023-2024 MYEFO – Mid-Year Economic and Fiscal Outlook. The changes have been passed by law and come into effect from the start of the next financial year. When the charge applied and when the payment is remitted, does affect the tax deductibility of the interest payment. But essentially, from 1 July, interest payments on debts with the ATO will not be a tax deduction and as such, will need to be paid from business profits. For businesses subject to this change we may have suitable financing solutions which present more affordable ways to deal with payments to the tax department. We explain the changes which are due to come into effect and how we may assist ease the cost burden. ## **Details of [ATO Debt Changes](https://www.ato.gov.au/about-ato/new-legislation/in-detail/businesses/deny-deductions-for-ato-interest-charges "ATO Debt Changes")** How the change to how interest on debts to the ATO is treated affects different businesses depends on the timing of the charges, the type of charges and when the charges are paid. All changes start from 1 July this year. The timing of general interest charges (GIC) and shortfall interest charges (SIC) differs. GIC are subject to daily basis charging. SIC which is the shortfall on unpaid income tax is applied in the same year that the assessment notice was served. The year of incurring charges affects if the interest will be tax deductible. If the SIC or GIC was incurred prior to 1 July 2025, the interest is still treated as a tax deduction for this current financial year, 2024-2025 and earlier years. Where charges in the years prior to the change are deducted from taxable income but the remittance was made later, in another financial year, the payment amount is included in the assessment for the year of the payment. From 1 July, all new charges incurred will not be treated as a tax deduction. This includes for GIC and for SIC on late tax payments and other outstanding payments for the financial years before and after 1 July. So, if you are late submitting tax returns for earlier years, you may be subject to this change. If your business is paying off debts to the ATO which attract not only interest but compounding interest, then you may be advised to consider your options for meeting your obligations more affordably. ## Significance of ATO Debt Changes Tax deductions are generally accepted as a major part of running a business. In general terms, many business owners have the expectation that all their costs of operating that business will be tax deductible. With the interest on tax debts now essentially fines, they are not deductible. The scenario is that instead of being able to deduct those amounts from income to reduce payable tax, the amounts will have to come from profit. Eating away at profit margins. For very small businesses, this may be the owner’s income. Repaying an ATO debt with interest accruing and compounding could be more significant than it appears. The real cost could be not just the interest rate charged by the ATO, but that you will be paying income tax on the monies to pay that debt. Based on our rough estimates, the real interest rate could be around 15%. There are options which we will outline. ## Addressing ATO Debt Changes Rather than continuing to pay debts with non-deductible interest charged by the ATO, business owners may consider commercial credit facilities to pay out the debt. We offer a full range of [commercial credit facilities](/business-loans) which are used for many different types of expenses that are not suited to asset acquisition secured loans. Our rates are highly competitive, and the interest is a deductible business expense. An [Unsecured Business Loan](/business-loans/unsecured-business-loans) may be an ideal finance product to address a taxation debt. Pay out the obligation to the ATO and repay the loan over a term negotiated to deliver workable repayments. Flexible terms can be secured, competitive rates sourced to suit your business, and interest charges and lender fees are deductible. [Lender Overdrafts](/business-loans/business-overdraft) are another flexible loan product which can be used for expenditure such as tax debts. Arrangements can be made for short-term overdrafts or longer term, ongoing lines of credit. Overdrafts are sourced and structured by our brokers to meet the individual requirements of the business. If you may be facing a debt to the ATO from 1 July with non-deductible interest charges, speak with us about the finance options we may arrange for you. **Contact Jade Finance online or by phone 1300 000 008 for options to finance ATO debts.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Tariffs, Trade Wars, Inflation, Interest Rates – Basic Explainer](https://jade.finance/blog/tariffs-trade-wars-inflation-interest-rates-basic-explainer) **Published:** April 28, 2025 **Author:** Publisher **Excerpt:** Tariffs imposed globally by the US in April 2025 have resulted in reciprocal levies by some countries, a rise in global trade tensions and growth downgrades. **Content:** Tariffs imposed globally by the US in April 2025 have resulted in reciprocal levies by some countries, a rise in global trade tensions and growth downgrades. Australians will particularly have seen the immediate effect of the Trump administration’s tariffs on the sharemarket. But following initial losses many stocks have bounced back. The US imposed tariffs were a key part of the Trump election campaign, but few expected the large scale and scope of what eventuated which was not widely anticipated. Initially the reason for imposing tariffs on China, Mexico and Canada was because those countries had not done enough to stop the drug fentanyl entering the US. Reasons for expanding tariffs to many other countries was to address trade imbalances with other countries, and to support US manufacturing. A minimum of 10% tariff was imposed across the globe with higher levels based on the trade balance. All countries and territories appear to have made the list, including Australian territories, the Heard and Macquarie Islands, which are only inhabited by penguins and seals. After a reciprocal tariff was imposed by some countries particularly of note China, the US further increased the tariff on China to 145% before exempting some goods. The European Union, Canada and others also imposed a reciprocal rate, but the Australian Government said it would not impose a tariff on US imports. The US tariff situation has created global trade tensions, uncertainty in many sectors, and the possibility of a rise in inflation in the US and fall in economic growth globally. But what does it mean for Australia and especially for inflation and the interest rate cuts on the horizon? It is an evolving and complex scenario which is changing on an almost daily basis. We unpack some of the basics and answer some key questions to explain the potential impacts for Australia, especially in the lending sector. ## What are tariffs? A tariff is a levy imposed by a country on goods imported into their country. The tariff is collected by the government with the cost historically passed onto the importer with a higher price for the goods by the exporter. Tariffs have historically been imposed to protect domestic industries from cheap imports and especially to protect the agricultural sector. In recent times, the world has transitioned to many free trade agreements, which is seen as mutually beneficial to trading partners, in a very global economy. ## What are the US Tariffs on Australia? The US imposed a 10% tariff on Australian imports, despite that fact that Australia has what is known as a trade deficit with the US – we import more US products than we sell to the US. Aluminium, steel and beef are the hardest hit sectors as the major Australian exporters to the US. Other industries and companies that export to the US will be impacted. But a tariff is paid by the importer who historically will add this to the cost of their products to their customers. It is up to the end consumer in the US if they are prepared to pay a higher price for Australian goods to see if there is any fall in demand. The Trump administration has also talked about a levy on pharmaceuticals as it sees our PBS system as a trade sanction. That has not as yet eventuated. ## What is the effect of China’s response to US tariffs? China was the recipient of the highest tariff increase by the US and they immediately responded with reciprocal levies which has led to global trade tensions. China is Australia’s largest trading partner and any changes in the China economy have potential to impact Australia. Sharemarkets reacted quickly with falls in share prices across the board. For some Australian industries, there has been an uplift of orders of their products into China as a result of the ‘tit-for-tat’ scenario. The current US decisions are forecast to lead to a rise inflation in the US as Americans pay more for imported goods, especially many of their basic needs such as clothing, which are primarily manufactured in China. Many electronic goods including many mobile phones and components for other goods are manufactured in China. Many auto parts are manufactured in Mexico and Canada for final assembly by US auto manufacturers. The Head of the Federal Reserve in the US, Jerome Powell, has said a rise in inflation is a possibility and that could lead to a rise in interest rates. Globally, the [International Monetary Fund (IMF)](https://www.imf.org/en/Home "International Monetary Fund (IMF)") has forecast a slowdown in global growth. In late April, the IMF downgraded the US growth forecast to 1.8% from 2.7% and Australia’s growth rate to 1.6% from 2.1% for 2025. In dollar figures, that is estimated to be a cost to the Australian economy of $13 billion. The Australian dollar (AUD) is expected to rise against the US dollar (USD) which will impact the cost of goods imported into Australia from the US. On the positive side, as China introduces measures to support its economy, commodity prices for Australian exports should remain stable. ## How will tariffs and trade affect interest rates? For Australians considering taking on finance and those with variable interest rate loans, their primary concern will likely be how the trade tensions will affect the expected upcoming rate cuts. When delivering Monetary Policy decisions, the [Reserve Bank (RBA)](https://www.rba.gov.au "Reserve Bank (RBA)") always mentions the global economic trends as a consideration in their decision. In the current scenario with growth downgrades and shifts in the AUD, analysts and banks are reportedly still factoring in further cuts to the cash rate by the RBA. Possibly a 25 basis points cut at the May meeting and another later in the year. Any rate cut by the RBA typically flows through to lending rates in the [consumer credit](/best-leisure-rates) and [business finance](/business-loans) markets. As mentioned above, the global tariff and trade scenario is evolving and changing. With our extensive lender base, we continue to source highly competitive interest rates on loans across our portfolio. **For quotes on consumer loans and business finance or to discuss if tariffs will impact your current loan, contact Jade Finance online or by phone 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Save on costs with low rate shared boat loans, share caravan finance](https://jade.finance/blog/save-on-costs-with-low-rate-shared-boat-loans-share-caravan-finance) **Published:** February 6, 2024 **Author:** Publisher **Content:** Want a boat or a caravan but even with our low rate funding, the prospect is outside your budget? Why not consider shared ownership options. Options are available through timeshare companies and buying with another friend or group of friends or family. **Jade Finance opens possibilities for shared ownership with competitive rates on shared boat loans and shared caravan finance**. Affordable funding to cover an individual’s cost of purchasing their share of a watercraft or RV with other parties. This can be a great way to enjoy boating and the great outdoors at a fraction of the cost of buying the vessel or vehicle on your own. Not only is the monthly repayment outlay less on a share than the whole, other costs are also split – registration, servicing, repairs, insurance and storage and moorage. Sharing ownership of recreational goods can be an astute decision for buyers that have limited time or access to use those goods. While some watercraft and RV owners will getaway every weekend or multiple times each year, some are only interested or available for occasionally using the craft. Sharing ownership and the costs, frees up funds to use for other pursuits and purposes. To see if this could be a viable option for your boating and travel plans, consider our funding options or contact us for a quote. ## Shared Boat Loans and RV Sharing Options The way in which the joint ownership arrangements are approached may have a bearing on the type of funding available. There are companies that offering time share arrangements in both vessels and RVs. Buyers can select the package that suits them. Buyers can apply with us for the funding to cover the costs. Time share packages are usually a one-off cost which can cover a timeframe. The other option to buy into a vessel or vehicle is in conjunction with friends or family. The process of buying a new model may be undertaken jointly. Alternatively, a friend may suggest you pay them a portion of the value of their vehicle or vessel to own a share. Arrangements made on this basis may require some form of formal documentation as an assurance for each party should anything go wrong. ## Sharing Boat or Caravan Ownership – Competitive Loans When applying for credit to jointly own a recreational vessel or vehicle, the suitability of a secured or unsecured credit product needs to be determined. If the applicant only owns a portion of the asset, in most cases, they would not be able to offer that portion as collateral. If purchasing a timeshare package, no asset would be available for security. The timeshare package may be able to be resold, but likely not considered suitable collateral by our lenders. For most buyers considering any sharing ownership arrangement, an [Unsecured Personal Loan](https://jade.finance/personal-loans/unsecured-personal-loans "Learn how Unsecured Personal Loans work") will likely be the most appropriate credit product. This product can suit a range of personal acquisitions including all types of watercraft and RV where the goods are not available to use as collateral for a secured credit product. While the credit is not secured by the goods ‘under finance’, applicants may still need to provide lenders with some form of collateral to get approved. This may be other unencumbered assets such as motor vehicles, cash or in some cases, a personal guarantee. The interest rate on unsecured credit may be arranged at either a fixed or a variable rate. With variable rates, the rate may change if and when the lender changes their rates. This often occurs when the [Reserve Bank](https://www.rba.gov.au/ "Reserve Bank") announces an interest rate rise or cut. A fixed rate remains unchanged over the full credit term. Additional payments can be made with this credit, extra to the scheduled repayments. This provides flexibility to pay off the share sooner if circumstances permit. With a variable rate loan, no break fees are charged when a loan is paid out early. With fixed rate credit, minimal break fees are charged. Applications are assessed as per consumer credit regulations so the credit score and history will have a bearing on the rate offered and the terms and conditions approved. ## Working Out Your Shared Boat Loans Repayments Using our [loan repayment calculator](https://jade.finance/ "Access information on our financing repayment calculator") is a great first step towards buying a watercraft or RV – by yourself or with others. Simply enter the amount required, the interest rate for an unsecured personal loan, preferred repayment period and the monthly amount due will be displayed. If the repayment estimate is above expectation, adjust the term or consider asking another individual to join your syndicate as co-owner! If our highly competitive rates deliver a monthly repayment way below what you expected, why not work out estimate repayments on purchasing the entire vessel or RV with a Secured Loan. We may be able to make sole ownership cheaper than you imagine. **Apply for financing to co-own a vessel or vehicle with shared boat loans or shared caravan finance with Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Buying a new car? Model inspo and finance insights.](https://jade.finance/blog/buying-a-new-car-model-inspo-and-finance-insights) **Published:** April 24, 2025 **Author:** Publisher **Excerpt:** When buying a new car, buyers can find inspiration from car sales figures and professional finance assistance for motor vehicle loans from brokers Jade Finance. **Content:** When buying a new car, buyers can find inspiration from car sales figures and professional finance assistance for motor vehicle loans from brokers Jade Finance. Purchasing a new vehicle can be a big move for many buyers and, where finance is required, a move to be carefully considered from every angle. Deciding which vehicle to buy can be a fun but challenging experience. The Australian market offers buyers a vast selection of makes and models across the price spectrum. There are some broader issues to take into account when choosing a new car at the moment. The new NEVS – National Electric Vehicle Strategy has come into effect, and this has the potential to leas to changes in the types of vehicles available in Australia. Manufacturers may discontinue some petrol and diesel vehicles to avoid penalties, and/or buyers may see price increases for these vehicles as manufacturers are hit with penalties. Options in the low emission segment are expected to increase. From a finance perspective, after a long run of interest rate holds from the RBA, a rate cut was announced in March. Further cuts are highly anticipated this year, and if they materialise, will most likely flow through to the motor vehicle lending market. Leading to lower motor vehicle financing interest rates. For purchasers buying a new car now, we report on the top selling models for March as inspiration and provide our expert insights on securing affordable motor vehicle finance. ## Latest Top Selling Cars To coincide with [Ford](https://www.ford.com.au "Ford") celebrating 100 years in Australia and announcing the new Ranger Super-Duty model, the current Ranger took over the top spot in the sales figures for March 2025. As reported by the FCAI, the Ranger tipped the RAV4 from number best seller for the first time in a few months. The [Toyota](https://www.toyota.com.au "Toyota") HiLux continued to maintain popularity with buyers, as the third best seller. Others in the top 10 selling vehicles for the month included the Mitsubishi’s Outlander, Toyota’s Prado, the Shar 6 from BYD, Everest, D-Max, MG’s XS and Hyundai’s Kona. Toyota maintained its lead as the top selling brand ahead of Ford, then came Mazda, Kia, Mitsubishi, BYD, GWM, Nissan and MG. In some of the very popular SUV categories, the top sellers for the month, in addition to the top 10 overall mentioned, included the Mazda CX3, Toyota Yaris Cross, BMW X1, Kia Sportage, VW T-Rox, BMW X5, and Range Rover Sport. The HiLux, Ranger, D-Max, BT-50 and BYD Shark 6 filled the top 3 spots in the ute categories. In announcing the March results, the FCAI notes that the sales of EVs are not moving at a pace which would meet the NEVS long-term targets. Australians are still not taking up EVs in big numbers. For those that are ready to move to a low emission vehicle, Australians now have 89 models to choose from. Get browsing and compare pricing in car loan terms using our Finance Calculator. ## Possible Deals with Discontinued Models Manufacturers regularly phase-out models for various reasons. A run-out sale is clearing the remaining stock of a particular model to allow for the new version. But the introduction in Australia of the NEVS may see the discontinuation of some models entirely from a brand’s line-up in the local market. The NEVS is being seen as a reason that manufacturers may phase out some of their petrol and diesel models to avoid penalties. Kia is one brand that is reported to be making changes to supply of some of its vehicles and supply timing due to the new rulings. For buyers, this may represent the opportunity to capture a good deal on the last stock of some models. Buying a model that is being discontinued for sale in Australia does not mean being left high and dry in regard to servicing. Most manufacturers provide servicing and parts for many older models, well after they are no longer available for sale. After all, used vehicles which are several years old can still be serviced. Buyers can keep an eye on news from their preferred brands to see what deals may be available. If you do have a preferred model which you feel may be discontinued, it may be wise to act quickly to secure your vehicle. Also, not far ahead will be the traditional end of financial year clearances. This can be a great time to score a discount on the purchase price of new cars. ## Finance Considerations when Buying a New Car Most new car buyers require finance, and the loan can be as important as the vehicle when it comes to the final purchase decision. Car finance is available for [private](/car-loans) and business buyers through banks, finance companies, dealers and vehicle manufacturers, plus through brokers such as Jade Finance. The difference with what we can offer compared with the other sources is a great selection of lenders and a greater opportunity to secure the most competitive rates and overall loan offer. Business buyers should consider the tax benefits of different [business credit products](/business-loans/business-car-finance) to suit their business set-up and objectives. All buyers will be considering the interest rate market with rate cuts a possibility in coming months. Two things to mention with rates: first, is the rate on your loan fixed or variable? Fixed rates do not change over the term while variable rates can change. Secondly, if you hold off on buying in anticipation of a rate cut, how much would a cut of say 0.25% mean to your loan payments? How would any potential savings balance out with any possible increase in the price of the vehicle during your waiting time? Some interesting scenarios to consider. Buyers can easily access our [Car Finance Calculator](/car-loans/car-finance-calculator) online to carry out a range of calculations to compare vehicle prices and get loan estimates. **When buying a new car, connect with Jade Finance online or by phone 1300 000 008 for prompt attention in sourcing affordable vehicle finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Review of Best Boat Brands for 2025](https://jade.finance/blog/review-of-best-boat-brands-for-2025) **Published:** April 8, 2025 **Author:** Publisher **Excerpt:** Finding the right boat for your requirements can be overwhelming for both experienced captains and marine newcomers. Keep the excitement alive while selecting your new fishing or cruising companion by creating a shortlist of available options. **Content:** Finding the right boat for your requirements can be overwhelming for both experienced captains and marine newcomers. Keep the excitement alive while selecting your new fishing or cruising companion by creating a shortlist of available options. If you’re considering a vessel from *Extreme Boats, Formosa, Yellowfin, Stacer or Seafarer,* use our 2025 review of Australian boat brands as a hub of information to assist you in making the right choice. **In this article** - [Extreme Boats](#extreme-boats "Extreme Boats") - [Formosa](#formosa) - [Yellowfin](#yellowfin) - [Stacer](#stacer) - [Seafarer](#seafarer) - [Finance your boat](#finance-your-boat) ## Extreme Boats ![Extreme Boats](https://jade.finance/wp-content/uploads/2025/04/Review-of-Best-Boat-Brands-for-2025-Img-05.webp "Review of Best Boat Brands for 2025 Img-05 - Jade Finance")Extreme Boats offers six highly durable and versatile models for all types of marine requirements, including Game King, Walk Around, Sport Fisher, Console, XST SRT, and the 1770 Enduro. Whether you’re navigating challenging coastal waters or having a leisurely day out, each range delivers reliability, safety, and comfort. Across all models, you can expect a stable ride thanks to robust hulls that have been built to withstand tough environments. Prior to purchasing your own vessel, we recommend consulting a range of expert reviews and viewing the boat firsthand. For further information on the range, visit [the Extreme Boats website](https://www.extremeboats.co.nz/ "the Extreme Boats website"). PositivesNegativesEight mill hull of 795 Walkaround makes boat really soft to ride.The materials used mean these boats have a high price tag.Great visibility across the range, especially in the 745 Game King.Aluminium construction adds weight to the boat.Use of high quality aluminium makes the range strong and reliable in rough conditions.Built for practicality, not for luxury.A lot of models are available, each tailored to different boating activities and hobbies.Consumers have reported bubbling on painted aluminum after a couple of years.Plenty of customisation options across the range including configurations, layouts and additional accessories.More susceptible to long-term damage due to lack of foam flotation feature.Extreme boats tend to retain their value and have a strong resale market.Range lacks a separate fuel tank which can make cleaning, repairing, replacing the tank a timely and expensive task. ## Formosa ![Formosa](https://jade.finance/wp-content/uploads/2025/04/Review-of-Best-Boat-Brands-for-2025-Img-02.webp "Review of Best Boat Brands for 2025 Img-02 - Jade Finance")A collection of high-quality, tough boats that can tackle a wide variety of aquatic environments – the Formosa boat range handles harsh coastal and offshore conditions quite well. Select from the GRT and SRT ranges based on your preferences – GRT for rough waters, and SRT for sportier, high-speed uses. If you’re after a stable ride in tough conditions, Formosa is a top choice. Prior to purchasing your own vessel, we recommend consulting a range of expert reviews and viewing the boat firsthand. For further information on the range, visit [the Formosa website](https://www.formosamarineboats.com.au/ "the Formosa website"). PositivesNegativesThe range is fully framed, making them strong and durable boats.Not 100% customisable.Formosa boats are built to last.Not designed on a proven commercial hull.Has foam flotation – the range will not sink and benefits from thermal insulation and soundproofing.Limited by a short 3-year warranty.Separate fuel tanks make cleaning, repair and replacement simple.Solid construction and premium features mean Formosa boats are pricey.Side console models have a lot of space.Aluminium inclusions make the range heavier than some rivals.Good stability for fishing purposes.Consumers have reported Formosa aluminium hulls often amplify engine noise. ## **Yellowfin** ![Yellowfin](https://jade.finance/wp-content/uploads/2025/04/Review-of-Best-Boat-Brands-for-2025-Img-03.webp "Review of Best Boat Brands for 2025 Img-03 - Jade Finance")Chase barra inland or tuna offshore, the Yellowfin range is extensive and packed with well-crafted vessels made for fishermen, by fishermen. From console configurations, console, extended cabin and more – we highly rate the smooth handling and visibility offered across the range. If you’re an adventurous boater seeking a reliable boat for various conditions, especially for offshore fishing, the Yellowfin range provides plenty of storage, comfort, and facilities to match. Prior to purchasing your own vessel, we recommend consulting a range of expert reviews and viewing the boat firsthand. For further information on the range, visit [the Yellowfin website](https://www.yellowfinplateboats.com.au/ "the Yellowfin website"). PositivesNegativesA great riding hull.Hull is mainly focused on fishing, not cruising or other purposes.Yellowfin 35 has a great riding mono hull despite the small cockpit area.Cockpits feel small across the range compared to rivals.Yellowfin boats are known for their speed and navigational ease.Underwhelming number of amenities.Resistant to corrosion – perfect for coastal boating and fishing.Yellowfin boats that are in 30ft range have issues launching in anything but deep water.Consumers have reported leaks in live wells and bait wells a few years after purchase.Really short 1-year recreational warranty. ## Stacer ![Stacer](https://jade.finance/wp-content/uploads/2025/04/Review-of-Best-Boat-Brands-for-2025-Img-04.webp "Review of Best Boat Brands for 2025 Img-04 - Jade Finance")A variety of lengths from 2m to 7m, Stacer boats are suitable for numerous marine purposes. Whether you’re fishing or recreationally cruising, there are nine available series within the range including Open Boats, Prolines, Crossfires, Outlaws, Runabouts, Bowriders, Cabins, and the Plate Series. The variety in size and offerings gives boaters plenty of choice when it comes to finding the right one for their needs, plus numerous extras for full customisation. Prior to purchasing your own vessel, we recommend consulting a range of expert reviews and viewing the boat firsthand. For further information on the range, visit [the Stacer website](https://www.stacer.com.au/aluminium-boat-range "the Stacer website"). PositivesNegativesStacer Outlaw 529 is a good-value fishing machine with efficient power.Short 3-year warranty.Plenty of models to suit a range of purposes including runabouts and side consoles.Some models, like the Proline series, start with basic configurations and will require significant upgrades.An Australian-made product manufactured in-country.Certain upgrades cannot be added after the build process (bow thruster brackets and live bait tanks).Many models in the range feature the Stacer Revolution hull which is renowned for its smooth and stable ride.Consumers have reported the helm position feels low.‘Ready 2 Go’ packages available, inclusive of boat, trailer, engine and other essentials.Lots of quality control checks during manufacture. ## **Seafarer** ![Seafarer](https://jade.finance/wp-content/uploads/2025/04/Review-of-Best-Boat-Brands-for-2025-Img-01.webp "Review of Best Boat Brands for 2025 Img-01 - Jade Finance")Great companions for fishing and bluewater expeditions, the Seafarer range is known for its solid build quality, as well as overall performance and suitability. Technical contributions across the range have led to boats that are impressive in design as well as in their overall riding experience. We don’t have a lot of negatives for this range, apart from the expensive price tag which is fairly consistent across each model. Prior to purchasing your own vessel, we recommend consulting a range of expert reviews and viewing the boat firsthand. For further information on the range, visit [the Seafarer website](https://seafarerboats.com.au/ "the Seafarer website"). PositivesNegativesRange has offshore pedigree.Seafarers are on the heavier side, especially in X series which includes an extra 100kg of foam flotation, heavy duty fittings and rails.X series has an extra 100kg of construction foam flotation, heavy duty fittings, and rails.Not as nimble as rivals due to heaviness.Well-regarded fibreglass hulls that have been built to withstand conditions on long coastal cruises.Not generally built for high-speed performance.Resale value for Seafarers holds up well.Space can be tight in smaller models like Seafarer 20 despite functional interior layouts.X series includes foam flotation – prevents sinking and benefits from thermal insulation and soundproofing.Consumers have reported age-related wear and tear including fading gelcoat, small cracks in the fiberglass. ## Looking to Finance Your Boat? Jade Finance Has a Wide Variety of Loan Options Available. If marine finance is at the front of your mind, get in touch. You’ll be partnered with a Jade Finance consultant who can provide specific details on boat financing facilities and how each could work for your financial situation. Experience why we are Australia’s leading specialist in leisure lending. Get in touch now by calling 1300 000 008 or [**request a free quote**](/boat-loans). **Categories:** Information --- ### [2025 Review of Best Caravan Brands](https://jade.finance/blog/2025-review-of-best-caravan-brands) **Published:** April 8, 2025 **Author:** Publisher **Content:** Discover Australia’s expansive network of city and regional roads in your ideal new or used home on wheels with our 2025 review of the country’s most respected caravan brands. From heavy-duty off-roaders through to luxury on-road options – the right choice for your requirements is out there. See what Lotus, JB, Willow RV, Red Centre, Jayco, and Titanium Caravans have to offer, below. **In this article** - [Lotus Caravans](#lotus) - [JB Caravans](#jb) - [Willow RV Caravans](#willow) - [Red Centre Caravans](#red-centre) - [Jayco Australia](#jayco) - [Titanium Caravans](#titanium) - [Get the cheapest rates](#cheapest-rates) ## Lotus Caravans A high-quality manufacturer in Australia, Lotus Caravans was established in 2004 and is well-known for producing premium luxury on-road and off-road campers. The off-road ranges include Sprint, Freelander, Trooper, Off-Grid, and Off-Limits. The on-road range includes Hollywood, Transformer, and Crystal River. Across the RV market, Lotus Caravans is commended for its best-in-market chassis design and suspension system, especially in the Trooper model. ![Lotus Caravans](https://jade.finance/wp-content/uploads/2025/04/2025-Review-of-Best-Caravan-Brands-Img-05.webp "2025 Review of Best Caravan Brands Img-05 - Jade Finance") Prior to purchasing your own van, we recommend consulting a range of expert reviews and viewing the caravan firsthand. For further information on the range, visit the [Lotus Caravans website](https://lotuscaravans.com.au/ "Lotus Caravans website"). PositivesNegativesNo MDF (Medium Density Fiberboard) used for interior construction across full Lotus caravan range.Need a big car to tow these vans.Chassis is considered to be the best in the market.Trooper windows and exterior above-door light disliked among buyers for their tendency to allow insects inside the van.Real Italian leather used across range.Jockey wheels can deteriorate quickly under the weight of the vans.German marine grade aluminium skin.Next-to-bedhead charging points are not in a practical position.Increased storage for 2025 models.No roof hatch in bedroom for breeze while free-camping.Plenty of customisation options. ## JB Caravans Both off-road and on-road vanning enthusiasts will find a lot to like in Australia’s JB Caravans range of on-road, semi off-road, and off-road models. Established in 2010, JB’s range has been designed for tough Aussie environments. The range is manufactured in-country, producing off-roaders the Gator and Scorpion; semi off-roader the Dirt Roader; and on-roader the Dreamline. JB Caravans is popular among adventurers and industry experts alike, with owners tipping their hat towards a number of features including storage options, towing ease, and amount of interior space. ![JB Caravans](https://jade.finance/wp-content/uploads/2025/04/2025-Review-of-Best-Caravan-Brands-Img-06.webp "2025 Review of Best Caravan Brands Img-06 - Jade Finance") Prior to purchasing your own van, we recommend consulting a range of expert reviews and viewing the caravan firsthand. For further information on the range, visit the [JB Caravans website](https://www.jbcaravans.com.au/ "JB Caravans website"). PositivesNegativesATX airbag suspension.High price tag.GatorX stone guard integrated into the toolbox for 2025.Quality and price tag considered to be misaligned by consumers.All timber removed from new builds to eliminate rotting.Checkerplate exterior peeling reported among consumers.Checker plate exterior is tough and durable for off-roading.No awning anti-flap kit with JB Gator.LED lighting throughout.Vans are on the heavier side while still maintaining standard payload.Automatic horizon leveling.Completely Australian-made in Melbourne with lots of quality inclusions. ## Willow RV Caravans A good 45 years of combined experience across the UK, South Africa and Australia, Willor RV is a crowd favourite. Lightweight yet tough in harsh conditions, the range includes the Illawarra, Waratah, Ironbark, Boab, and Conifer Series. Most popular among travellers is the Conifer Series, while the Boab leans more towards adventure uses, and Ironbark towards luxury exploration. The Conifer is loved for its large interior space and multiple configuration options. ![Willow RV Caravans](https://jade.finance/wp-content/uploads/2025/04/2025-Review-of-Best-Caravan-Brands-Img-02.webp "2025 Review of Best Caravan Brands Img-02 - Jade Finance") Prior to purchasing your own van, we recommend consulting a range of expert reviews and viewing the caravan firsthand. For further information on the range, visit the [Willow RV website](https://willowrv.com.au/ "Willow RV website"). PositivesNegativesSuspension system is robust across the range.Size and weight may exceed towing capacity for most SUVs.Materials used across the range look and feel high quality.High price tag, especially for off-road models.The Boab series is well-equipped for off-road travel.Trailer sits low compared to other campers.Van body construction avoids timber by using manmade materials.Some MDF used throughout the models.Full length manual awning is great.Considerable lack of storage. Bedroom has the most storage but majority is shallow and narrow.Conifer series is hardy.Small space for more than one person.Water pump and battery is mounted discretely and neatly under the bed. ## Red Centre Caravans Consumers envisioning rugged trips across a wide range of terrains will often look towards Red Centre Caravans. Their selection of caravans accommodates a variety of adventuring needs with the range inclusive of off-roaders, semi off-roaders, single-axles, and touring caravans; hybrid campers; and motorhomes. The Tanami model is one of the best off-roaders in the range with a 6-inch drawbar, fully independent 3.5 tonne dual-shock suspension system, and all-terrain tyres. ![Red Centre Caravans](https://jade.finance/wp-content/uploads/2025/04/2025-Review-of-Best-Caravan-Brands-Img-03.webp "2025 Review of Best Caravan Brands Img-03 - Jade Finance") Prior to purchasing your own van, we recommend consulting a range of expert reviews and viewing the caravan firsthand. For further information on the range, visit the [Red Centre Caravans website](https://redcentrecaravans.com.au/ "Red Centre Caravans website"). PositivesNegativesThe plumbing system in the Tanami model is designed for remote camping (2 x 95L tanks and a 1 x 62L drinking water tank).Galvanised chassis adds weight to the overall van, making the steel prone to cracking which can affect the towing and fuel efficiency across the range.Floor plans are customisable across the range, with plenty of family and luxury layouts.While competitively priced, Red Centre Caravans may not be the most suitable for specific needs.Long term travel is benefitted by the advanced power systems installed.Suspension often requires frequent upgrades or maintenance if used for regular rough terrain adventuring.Strong aluminium frames and top-of-the-line chassis and suspension system for off-roaders. ## Jayco Australia Since 1968, Jayco has been a long-standing force in the caravan industry. Over the years, consumers have chosen Jayco for affordability and durability, both of which still hold up across the brand’s newer models. Equipped with a variety of comforts, the range includes the Starcraft, Discovery, All Terrain, and Silverline models. Self-sufficient adventurers will find what they need in the off-grid lineup, including the Crosstrak, All Terrain and All-Terrain Pop Top. Not completely off-grid but also offered in pop top configurations are the Starcraft and Discovery caravans. ![Jayco Australia](https://jade.finance/wp-content/uploads/2025/04/2025-Review-of-Best-Caravan-Brands-Img-04.webp "2025 Review of Best Caravan Brands Img-04 - Jade Finance") Prior to purchasing your own van, we recommend consulting a range of expert reviews and viewing the caravan firsthand. For further information on the range, visit the [Jayco Australia website](https://www.jayco.com.au/ "Jayco Australia website"). PositivesNegativesGood ground clearance across the range.Floor plan layout options are limited.Natural light in bed area is a huge drawcard.Jayco is the most massed produced caravan in Australia, with many aspects across the range indicative of a budget build.Ease of hook up and head off.Storage is somewhat limited.Self-sufficiency in off-grid range isn’t cutting edge but does the job.Resale value doesn’t really reflect the original investment amount.Price is a strong selling point for Jayco caravans.Outside water tap on the front chassis is a great extra touch. ## Titanium Caravans Not many products compare in strength and durability when it comes to the Titanium Caravans range. The brand is known for building caravans suitable for the tough Aussie conditions, while also including plenty of extra details for enjoyable road tripping. That said, the weight of a Titanium is significant, especially for travellers thinking of towing it with a smaller vehicle. Big 4x4s are recommended for this solid, adventure-ready product that offers great value for money. Titanium Caravans’ range is inclusive of the Ti22 series (S1, S2, S3, S4), and the HS series (HS1, HS2). ![Titanium Caravans](https://jade.finance/wp-content/uploads/2025/04/2025-Review-of-Best-Caravan-Brands-Img-01.webp "2025 Review of Best Caravan Brands Img-01 - Jade Finance") Prior to purchasing your own van, we recommend consulting a range of expert reviews and viewing the caravan firsthand. For further information on the range, visit the [Titanium Caravans website](https://titaniumcaravans.com.au/ "Titanium Caravans website"). PositivesNegativesReally nice external storage solutions.An expensive purchase.Appealing interior layout with options to personalise it to suit your own preferences.Heavy-duty tow vehicle is required.Tough build to handle the toughest environments – protection from rocks, hail sun.Resale value tends to drop quicker than expected.Smooth and stable ride on rough terrain.Tows really well with a big 4×4. ## In the market for a new caravan? Choose JADE Finance for the cheapest possible rates and terms available… If you want to feel confident in your decision to finance your caravan, the only business that should come to mind is [Jade Finance](https://jade.finance "Jade Finance"). An enviable reputation in the recreation finance sector, cheap interest rates, and a service tailored to your needs are just a few of the benefits you will receive through our personal and professional finance brokers. We have a large source of options available to ensure you are getting the right loan for you and your caravan. Made a shortlist of RVs that match your specifications? Weed out the ones that exceed your budget by comparing quickly and easily with our online caravan loan calculator. Enter the loan amount, loan term and interest rate and receive an invaluable estimate for financial planning. If respect and attention to detail is the kind of service you want, [Request a Quote](/caravan-loans) with Jade Finance. **Categories:** Finance --- ### [Boats, Trucks, RVs, Equipment – Apply for Pre-Approved Loans for Shows in May](https://jade.finance/blog/boats-trucks-rvs-equipment-apply-for-pre-approved-loans-for-shows-in-may) **Published:** March 31, 2025 **Author:** Publisher **Excerpt:** Buyers planning to order boats, caravans, trucks and equipment at expos coming up in May can now apply for pre-approved loans through Jade Finance. **Content:** Buyers planning to order boats, caravans, trucks and equipment at expos coming up in May can now apply for pre-approved loans through Jade Finance. With the ‘settling-back-into-work’ period of the year over, the calendar of public and industry shows and expos gets into full swing.Some of the biggest shows in certain industries will be held in May and for keen buyers, now is the time to prepare and apply for finance. The process of applying for finance before the goods are purchased is not unusual and is the preferred approach by many individuals and businesses. Why? The process, the products and the outcomes are the same as when finance is sourced after the sale. But the pre-purchase approach can deliver additional benefits of providing greater confidence to proceed, providing buyers with the assurance that they do have the funds to commit to the sale, providing the chance to take advantage of show specials and low supply goods, and saving time in having to visit a dealership after the show. Pre-arranged financing is available for individuals for the purchase of goods for personal use and for businesses acquiring assets. We provide details of the process along with information of the May shows to start planning for. ## Shows and Expo Coming up in May Here’s a rundown on some of the major events coming up in May where visitors may wish to consider applying for pre-arranged finance. The [Sanctuary Cove Boat Show](https://sanctuarycoveboatshow.com.au/), an iconic event on the boating calendar will be held on the Gold Coast on 22-25 May. This show will have over 750 boats displayed, live boat trials and inspections, fishing demos and plenty of other activities. Exhibitors will be set up both on water at the marina and on land. For all things boating and amazing visitor experiences, book tickets at the show website. The outdoor lifestyle enthusiasts and those wanting to get into that holiday and travel style, the NSW Caravan Camping Supershow at Rosehill Gardens Racecourse is a must. This is the largest show in the caravan industry calendar with over 250 companies exhibiting the latest RVs and products over 6 massive days – 29 April through to 4 May. Manufacturers showcasing at the event include Avan, Austrack, Crusader, Millard, Harvok, Supreme, and many, many more. Tickets can [purchased online](https://www.supershow.com.au/maps/ "purchased online") and the full exhibitor listing reviewed on the event website. For operators in the transport sector and those using heavy vehicles in their business, there is no bigger event than the Brisbane Truck Show. Owned and hosted by the Heavy Vehicle Industry Association, this event will be held from 15-18 May at the Brisbane Convention Centre. All the leading heavy vehicle brands will be attending with the opportunity for operators to speak with the company reps in person and see many options for consideration. Showcases of the latest low and zero emission vehicles from Scania, Volvo, Mercedes and others will be a highlight. Tickets and accommodation deals available at [the show website](https://brisbanetruckshow.com.au/ "the show website"). The Heavy Equipment & Machinery Show is held alongside the Brisbane Truck Show and offers operators access for the same ticket price. Run by the Queensland Civil Contractors Association, this is a great opportunity to see machinery and equipment for a wide range of industries and applications. Another big event for the construction sector is the [National Diesel, Dirt and Turf Expo](https://www.dieseldirtandturf.com.au/ "National Diesel, Dirt and Turf Expo") to be held at Sydney’s Eastern Creek Dragway on 16-18 May. This is a huge event for the industry with well over 1,000 brands to be showcased. A particular highlight of this event is the Pickles Auction which is run live at the expo on the Friday. A great opportunity to get late model equipment and machinery at great deals. Diarise the dates for your show of interest, review the exhibitors and goods available, and start thinking finance. ## How to Apply for Pre-approved Loans When finance is arranged prior to goods being ‘purchased’ – a deal confirmed with a seller, or goods to be acquired selected, the same credit facilities apply as when sourcing finance after purchase. For individuals buying boats and caravans at upcoming shows, the popular choice of finance will be our [Secured Boat Loan](/boat-loans/secured-boat-loan) and our [Secured Caravan Loan](/caravan-loans/new-caravan-finance). For business operators sourcing pre-approval for financing to order at truck and equipment shows, they can select the credit facility that works best for their business set-up from Lease, Rent-to-Own, [Chattel Mortgage](/business-loans/chattel-mortgage) or Commercial Hire Purchase. Whether requiring personal or business loans, the same application process including the same documentation, credit and financials reviews will be undertaken by our brokers and lenders. Our brokers will be individually sourcing the best fixed interest rates, negotiating the most suitable fixed terms and delivering you the most affordable loan solution. You will receive the same interest rate offer whether you apply for a loan before or after you purchase your goods. The advantages of pre-purchase financing can be significant. **To find out more on how to apply for pre-approved loans to order at shows and expos, connect with Jade Finance online or by phone 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Hyundai Beats Top Sellers for Car of the Year 2025](https://jade.finance/blog/hyundai-beats-top-sellers-for-car-of-the-year-2025) **Published:** March 3, 2025 **Author:** Publisher **Excerpt:** Hyundai beat the top selling motor vehicle brands to take out the Drive 2025 Car of the Year with its Santa Fe Hybrid model and won two of the SUV categories. **Content:** Hyundai beat the top selling motor vehicle brands to take out the Drive 2025 Car of the Year with its Santa Fe Hybrid model and won two of the SUV categories. An impressive result for the very popular South Korean manufacturer in a highly competitive field of contenders. Reflecting the trends in the Australian motor vehicle market, hybrid models overall received high acclaim with numerous gongs – winners and top 3 finishes, across the categories. Drive has been running these annual awards for around 20 years, with their expert judges assessing vehicles in 19 categories against specific criteria. The announcement of the winners is highly anticipated each year by many motoring enthusiasts and potential buyers. Giving potential buyers insights into what the judges – experts in the motoring field, consider are the best cars currently available on the Australian market. But are the judges’ choices in line with your idea of the best car? For many buyers, affordability will be key to any new vehicle purchase. Judging the [Best Affordable Cars](https://www.drive.com.au/drive-car-of-the-year/2025/best-affordable-cars-2025/ "Best Affordable Cars") are part of the awards program. But to be genuinely ‘affordable’ for individual buyers, many will need their finance to also be affordable. While reviewing this year’s winners as a possible purchase, buyers can use our Car Finance Calculator with our latest competitive rates, to assess how affordable we may make that vehicle for you. ## Winners of Car of the Year 2025 The Car of the Year (COTY) awards were judged in 19 categories this year. The categories cover options for all types of buyers from family cars, small cars, all sizes of SUVs, luxury ranges, electric vehicles and the very popular cab chassis ute. Categories are stipulated based on pricing which can make it easier for buyers to assess. Prices may not include all dealer and delivery charges, etc. Here are what the Drive judges consider the winners:- - Family Cars, price range under $80k Kia Carnival - Luxury Cars, price range under $100k Polestar 4 - SUV Off-road, price under $80k Ford Everest - SUV Off-road, price under $150k Land Rover Defender 110 - SUV Small, price under $50k Hyundai Kona Hybrid - SUV Small, price under $80k Mini Countryman - SUV Medium, price under $50k Hyundai Tucson Hybrid - SUV Medium, price under $80k Genesis GV 70 - SUV Large, price under $80k, Hyundai Santa Fe Hybrid - SUV Luxury, price under $150k Porsche Macan - Dual Cab Utes, price under $50k SsangYong Musso - Dual Cab Utes, price under $100k Ford Ranger - Dual Cab Utes, price under $150k Silverado 1500 - Urban Cars, price under $30k Chery Tiggo 4 Pro - Urban Cars, price under $50k Honda Civic Hybrid - Electric Vehicles, price under $50 BYD Seal Dynamic - Electric Vehicles, price under $100k Model 3 Tesla - Family Electric Vehicles, price under $100k Volkswagen ID Buzz - Luxury Electric Vehicles, price under $150k Macan by Porsche Want more vehicles to consider? Refer to the top 3 and finalists in each category on [the Drive COTY website](https://www.drive.com.au/drive-car-of-the-year/2025/ "the Drive COTY website"). The site also contains information on how the judges arrived at their decisions with the assessment report for each winner. Why they chose that vehicle, including the overall winner – the [Hyundai Santa Fe Hybrid](https://www.hyundai.com/au/en/cars/suvs/santa-fe-hybrid "Hyundai Santa Fe Hybrid"). ## Quickly Estimate Finance for Your Car of the Year While reviewing the winners, potential buyers can quickly estimate their loan with the [Jade Finance Calculator](/car-loans/car-finance-calculator). This handy device allows buyers to calculate estimated repayments based on their loan amount for their choice of [motor vehicle finance](/car-loans) – Personal Secured Loans, Chattel Mortgage, Leasing or Commercial Hire Purchase. To get started, refer to the website for the selected manufacturer for a pricing. Most manufacturers will display a price range for the different variants in each model range. Allow for the dealer charges and possibly any accessories you may like to include with your vehicle when estimating your specific loan total with the calculator. Use the rate we are currently achieving for your preferred loan, and the monthly repayment estimate will be displayed. Calculator estimate not quite in your ballpark? Change the loan amount or loan term and note the different result. Estimate in your budget? Proceed to request a quote or apply for finance online or by phone. To be ready to place your order on your first dealership visit, apply for pre-approved finance. This is available on all types of motor vehicle financing, attracts the same interest rates as for post-purchase loans, and businesses receive all the appropriate tax benefits. Purchasing what experts consider are the best cars on the market can be affordable with financing at our [highly competitive rates](/car-loans/car-loan-interest-rates). Each loan is individually sourced and structured to best address personal preferences and requirements, ensuring the purchase works with the household budget or business cash flow. **Acquire your Car of the Year quickly and affordably with the most competitive interest rate loan secured through Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Road trip time! Australia’s best beaches 2025 Announced](https://jade.finance/blog/road-trip-time-australias-best-beaches-2025-announced) **Published:** February 21, 2025 **Author:** Publisher **Excerpt:** Australia’s best beaches for the year have been announced by Tourism Australia, providing destination inspiration for road trips by car, caravan or motorbike. **Content:** Australia’s best beaches for the year have been announced by Tourism Australia, providing destination inspiration for road trips by car, caravan or motorbike. For those needing a suitable vehicle for such a road trip, Jade Finance offers competitive rates on loans for cars, caravans and motorbikes. The top 10 beaches in Australia, curated annually by Tourism Australia ambassador Brad Farmer, this year include locations in Tasmania, NSW, Queensland, South Australia and Western Australia. Providing variety and options for travellers looking to visit and experience these amazing locations themselves. If your current 2, 4 or recreational vehicle is not ideally suited to such a road trip, we can provide the motivation to upgrade to a new vehicle with affordable finance. Getting you totally sorted with the right vehicle and any accessories to ensure the trip is a totally enjoyable experience. Start planning by checking out the locations of 2025’s top 10 beaches and the loans available to suit your budget. ## Australia’s Best Beaches for 2025 For the first time since this program started, Tasmania has taken out the first place with [Bay of Fires](https://tasmania.com/points-of-interest/bay-of-fires/ "Bay of Fires") – Larapuna, receiving the honour of Australia’s finest stretch of sand. Located in the north-east of the state, the area is known for its white sand, clear sea and granite rocks. Travellers heading to the Apple Isle from mainland states can travel on the Spirit of Tasmania to Devonport to access the north-east of the state. There are a range of accommodation options in the area from the free camp site and holiday parks for caravanners and campers, to lodges, villas and other properties. If travelling across Bass Strait is not your preference, most of the other 9 locations in the top 10 are based on mainland Australia. Number two is on the NSW mid-north coast just north of Coffs Harbour – [Woolgoolga](https://www.visitnsw.com/destinations/north-coast/coffs-harbour-area/woolgoolga "Woolgoolga"). Easily accessible by road and offering plenty of accommodation options in the area and local attractions such as The Big Banana. For the third best beach you will have to leave the vehicle at home and board a plane to Norfolk Island to experience Emily Bay Lagoon. The fourth best is the very popular North Kirra Beach on Queensland’s Gold Coast. Next on the list provides travellers with the option to venture further afield to Little Lagoon in the Shark Bay region of north-west Western Australia. The region has many attractions including Monkey Mia and is close to the town of Denham for accommodation and facilities. South Australia’s Fishery Bay in the Port Lincoln area also makes the top 10. This beach allows for competent drivers of 4WD vehicles to access the beach directly. Motivation to buy a vehicle with serious off-road capabilities? The final two in the top 10 are 1770 Beach in FNQ and Scarborough in Perth’s northern suburbs. Both within close proximity to major urban centres for accommodation, nightlife, restaurants and holiday parks for caravanners. Which ones will be included on your road trip? First step may be purchasing a new vehicle suitable for your travel plans. ## Australia’s Best Beaches Road Trip – Vehicle Loan Options Whether planning a road trip on new 2 or 4 wheels or in a RV, we can assist with finance to make the purchase. Our consumer loans include Secured Loans for [motorbikes](/bike-loans), [passenger cars](/car-loans), SUVs, cab chassis and all types of [recreational vehicles](/caravan-loans). Our interest rates are highly competitive, sourced individually by our brokers from our base of over 80 lenders, to suit individual profiles and requirements. Secured loans are suited to new vehicles as lenders typically accept the vehicle as the collateral for the finance. Most applicants will not need to put up other personal assets to secure their loan. If buyers require accessories and extras with their RVs, 4WDs and SUVs, these can usually be included in the loan when purchased at the same time, from the same dealer as the vehicle. Simplifying the purchase, the finance and the budget. Interest rates are fixed, which means the rate will not change over the term of the loan. Terms are fixed as is the schedule of monthly repayments. Deposits required will be dependent on lender’s determining individual borrowing limits. Some applicants with good credit scores and strong financials can be approved for no deposit finance. Freeing up other funds to spend on the road trip. To start comparing vehicles based on finance payments, use our [Finance Calculators](/car-loans/car-finance-calculator) to generate estimates. This easy-to-use device is a quick and simple way to see the difference in monthly commitments for vehicles at different prices. Left road trip plans to the last minute and need to purchase that new vehicle asap? No problem at Jade Finance. Many applicants can receive their loan approval within 24 hours. Apply online or by phone to have your vehicle finance – motorcycle loans, car loans, caravan loans, personally handled for you by one of our skilled brokers. **Experience Australia’s best beaches in a new vehicle with an affordable loan secured through Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Best Medium-priced, Midsize Family SUV in Australia 2025](https://jade.finance/blog/best-medium-priced-midsize-family-suv-in-australia-2025) **Published:** January 22, 2025 **Author:** Publisher **Excerpt:** For affordable, high-quality SUVs that match your family’s requirements, here are our picks for the Best Medium-Priced Family Midsize SUV in Australia for 2025. **Content:** Buying a new car for your family involves weighing a long list of considerations. Fortunately, the Australian SUV market in 2025 offers an extensive range of models packed with practical features, comfort and performance. While many of these models come with a hefty price tag, there are numerous budget-friendly options available. For affordable, high-quality SUVs that match your family’s requirements, here are our picks for the Best Medium-Priced Family Midsize SUV in Australia for 2025. **Vehicles in this article** - [Nissan X-Trail](#Nissan-X-Trail) - [Hyundai Tucson](#Hyundai-Tucson) - [Kia Sportage](#Kia-Sportage) - [GWM Haval H6](#GWM-Haval-H6) - [Mitsubishi Outlander](#Mitsubishi-Outlander) - [Volkswagen Tiguan](#Volkswagen-Tiguan) - [Honda CR-V](#Honda-CR-V) - [Toyota RAV4](#Toyota-RAV4) - [Mazda CX-60](#Mazda-CX-60) ## Nissan X-Trail From $37,750 (five available trims) ![Nissan X-Trail](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img1.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img1 - Jade Finance")A longstanding compact crossover SUV for families seeking a little extra space, the Nissan X-Trail remains a solid mid-size vehicle choice in 2025. Available in five trims – ST, ST-L, N-Trek, Ti and Ti-L, the X-Trail has a range of powertrains on offer, including a 1.5-litre turbocharged three-cylinder engine and the e-power hybrid system. With its seamless blending of practicality with modern technology, we concur with Nissan’s statement that this is the brand’s “most advanced SUV on the market”. Each variant boasts a sophisticated interior with high-quality materials everywhere. This is contrasted almost perfectly are rugged undertones which add a little extra spice. Want to know more? Head to [**2025 Nissan X-Trail**](https://www.nissan.com.au/vehicles/browse-range/x-trail.html). **Five Available Trims**: ST, ST-L, N-Trek, Ti and Ti-L. ProsConsComfortable interior, plenty of spaceMore of an urban cruiserQuiet, economical engineLess boot space than rivalsQuality features throughoutCramped third row[Scroll up to vehicle list](#vehicle-list) ## Hyundai Tucson From $29,750 (three available trims) ![Hyundai Tucson](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img2.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img2 - Jade Finance")In 2025, the Hyundai Tucson SUV offers great value for money with a bold design and impressive technology. It’s got a range of engines to choose from, having ditched its diesel in favour of a petrol-powered hybrid powertrain. Three model grades are available in the 2025 range, the standard Tucson, Tucson Elite, and Tucson Premium. A few exterior updates have been made for the new year including a new grille, bumper, LED headlights and LED taillights. Overall, the Hyundai Tucson refresh for 2025 maintains a modern feel with a number of useful technological advancements. To read more, head to [2025 Hyundai Tucson](https://www.hyundai.com/au/en/cars/suvs/tucson). **Three Available Trims**: Tucson, Tucson Elite, Tucson Premium. ProsConsPleasant on-road behaviourDisappointing real-world fuel economyImproved interior technologyReduced rear visibility in some trimsStrikingly modern designShort service intervals: Every 10,000km[Scroll up to vehicle list](#vehicle-list) ## Kia Sportage From $32,995 (four available trims) ![Kia Sportage](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img3.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img3 - Jade Finance")Priced competitively, with the cheapest version undercutting the closely-related Hyundai Tucson and other rivals, the Kia Sportage is an ideal mid-sized family SUV in 2025. This great-looking weapon-of-a-car offers a roomy cabin area with a large boot and a lovely-looking interior. Not to mention the driving experience which is smooth, smooth, smooth. If you’re after an SUV with high-tech capabilities, great safety features, and plenty of space within – we recommend the Kia Sportage ten-fold. Want to know more? Head to [2025 Kia Sportage](https://www.kia.com/au/cars/sportage/features.html). **Four Available Trims**: S, SX, SX+, GT-Line. ProsConsGood looking, quiet, high tech interiorEngine underpowered, sluggish accelerationRoomy seating, huge cargo areaFeels a bit stiff on rougher roadsPrice undercuts most of competitionNo hybrid or electric option on lower trims[Scroll up to vehicle list](#vehicle-list) ## GWM Haval H6 From $30,990 (six available trims) ![GWM Haval H6](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img4.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img4 - Jade Finance")Gifted a facelift for 2025, Haval’s increasingly popular H6 medium-sized SUV offers fresh styling, more power, and a way nice interior. There are six available trims for the H6, including the Premium, Lux, Lux Hybrid, Vanta, Ultra, and Ultra Hybrid. The most fuel efficient out of the variants in the Ultra Hybrid which has a 2 speed auto dedicated hybrid which is powered by a 1.5L Turbo Direct F/INJ. All variants benefit from a slick-looking screen which accompanies the minimalist dashboard with neat ambient lighting. We definitely don’t mind the look of this car, or the feel of it. For more information, visit [2025 GWM Haval H6](https://www.gwmanz.com/au/models/suv/haval-h6/). **Six Available Trims**: Premium, Lux, Lux Hybrid, Vanta, Ultra, Ultra Hybrid. ProsConsGood-looking cabin with lots of spaceFiddly media controlsBase model is affordableClimate controls are through the screenMature front-end stylingSteering feedback isn’t fantastic[Scroll up to vehicle list](#vehicle-list) ## Mitsubishi Outlander From $37,740 (14 available trims) ![Mitsubishi Outlander](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img5.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img5 - Jade Finance")Like other compact SUVs, the Mitsubishi Outlander prioritises cargo space and comfort over driving excitement and looks. In 2025, it received a refresh with updated styling and a range of new features, including a Yamaha audio system and a much-needed rearrangement of the center console to allow for more storage. Additional changes to the suspension and sound-deadening material throughout the vehicle have also been made to enhance the overall ride experience. For more information, visit [2025 Mitsubishi Outlander](https://www.mitsubishi-motors.com.au/vehicles/outlander.html). **14 Available Trims**: ES (2WD), ES (AWD), LS (2WD), LS (AWD), Black Edition (2WD), Aspire (2WD) Aspire (AWD), Exceed (AWD), Exceed Tourer (AWD), Phev ES (AWD), Phev Aspire (AWD), Phev Exceed (AWD), Phev Exceed Tourer (AWD), Phev GSR (AWD). ProsConsMany trims able to seat 7 peopleLacks responsivenessPremium-like interiorComparable-sized EVs priced similarlyGenerous warranty offeredFuel efficiency lower than competitors[Scroll up to vehicle list](#vehicle-list) ## Volkswagen Tiguan From $43,990 (5 available trims) ![Volkswagen Tiguan](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img6.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img6 - Jade Finance")Big changes are evident for the third-generation Volkswagen Tiguan in 2025. The widely-loved compact SUV has arrived in Australia with a heavily revamped equipment list and a clear prioritisation on more mainstream audiences rather than those who want to stand out. Our test-drive of this mid-size SUV was pleasurable with more than enough conventional features, plus huge boot space, leg room and adequate safety systems. Drivers who appreciated the first two generations of Tiguan for its sportiness will be happy to hear the new version offers even better! Read more online at [2025 VW Tiguan](https://www.volkswagen.com.au/en/models/tiguan.html). **5 Available Trims**: 110TSI Life, 132TSI Life, 162TSI Elegance, 147TDI Elegance, 162TSI R-Line. ProsConsReally nice, upmarket interior finishesStarting price is highGreat cabin space, practical bootHas some ergonomic quirksDrives sharplyInfotainment could be easier to use[Scroll up to vehicle list](#vehicle-list) ## Honda CR-V From $41,815 (7 Available Trims) ![Honda CR-V](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img7.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img7 - Jade Finance")While a hybrid powertrain had been offered overseas for the previous-generation of Honda CR-V, no such offer was available in Australia. Until now. In 2025, Honda is cashing in on the rampant demand for a hybrid option by providing buyers with the new CR-V e:HEV. However, it’s only a toe-dip for Honda who seem to be testing the waters with just one option on offer, lacking all-wheel drive and basing it on the most expensive RS trim level. Overall, we’re content with the 2025 Honda CR-V range, thanks to the consistently-good build quality, agile handling, and range of easy-to-use technology. Want to know more? Read [2025 Honda CR-V](https://www.honda.com.au/cars/suv/2024-cr-v). **7 Available Trims**: VTi X+, VTi L, VTi L (AWD), VTi X7, VTi L7, VTi LX (AWD) e:HEV RS. ProsConsReally nice build qualityNot a lot of difference to predecessorEasy-to-use tech featuresAcceleration isn’t inspiringCompetent handlingInterior is kind-of bland[Scroll up to vehicle list](#vehicle-list) ## Toyota RAV4 From $45,754 (5 Available Trims) ![Toyota RAV4](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img8.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img8 - Jade Finance")No price or spec adjustments have been made for the 2025 model of the Toyota RAV, also known as Australia’s most popular medium SUV. Offering five different trim levels – GX, GXL, XSE, Cruiser and Edge – pricing for the range starts at $45,754 for the GX, before on-road costs. Each model is powered by a 2.5L four-cylinder hybrid drivetrain, following the discontinuation of all petrol-only models in June last year. Overall, we consider the RAV4 to be a pleasant and capable mid-size SUV, perfect for day-to-day practicality. For more information, go to [2025 Toyota RAV4](https://www.toyota.com.au/rav4). **5 Available Trims**: GX, GXL, XSE, Cruiser, Edge. ProsConsChiseled styling, good looking carDull to driveLots of safety features includedBase model light on equipmentFuel economy is pretty goodOff-road options no longer available[Scroll up to vehicle list](#vehicle-list) ## Mazda CX-60 From $56,990 (3 Available Trims) ![Mazda CX-60](https://jade.finance/wp-content/uploads/2025/01/Best-Medium-priced-Midsize-Family-SUV-in-Australia-2025_Img9.webp "Best Medium-priced Midsize Family SUV in Australia 2025_Img9 - Jade Finance")A stylish mid-size crossover SUV, the 2025 generation of the Mazda CX-60 continues to be an appealing choice for drivers seeking a vehicle with a good combination of luxury, performance, and advanced tech. Choose between a mild-hybrid petrol (G40e), mild-hybrid diesel (D50e), or plug-in hybrid petrol (P50e) powertrain for base Evolve, mid-range GT, and top-spec Azami trims. All in all, we rate the CX-60 for its driving dynamics, and great-looking interior. For more information, go to [2025 Mazda CX-60](https://www.mazda.com.au/cars/cx-60/). **3 Available Trims**: Evolve, GT, Azami. ProsConsEnjoyable handlingTransmission feels a little clunkyHigh quality interior materialsLooks pretty similar to the CX-5Advanced technologyStiff, sensitive ride on 20-inch wheels[Scroll up to vehicle list](#vehicle-list) ## Looking to Finance your new car? Get cheap rates with JADE Finance. If you want to feel confident in your decision to finance your car, the only business that should come to mind is [Jade Finance](/car-loans). An enviable reputation in the motor vehicle finance sector, [cheap interest rates](/car-loans/car-loan-interest-rates), and a service tailored to your needs are just a few of the benefits you will receive through our personal and professional finance brokers. We have a large source of options available to ensure you are getting the right loan for you and your car. Made a shortlist of cars that match your specifications? Weed out the ones that exceed your budget by comparing quickly and easily with our online car loan calculator. Enter the loan amount, loan term and interest rate and receive an invaluable estimate for financial planning. If respect and attention to detail is the kind of service you want, [Request a Quote](/free-finance-quote "Free Finance Quote") with Jade Finance. --- *Article updated 17/02/2025 to reflect new information around pricing, trim levels available, and other details.* **Categories:** Information --- ### [Best Dual-cab Utes in Australia 2025](https://jade.finance/blog/best-dual-cab-utes-in-australia-2025) **Published:** February 13, 2025 **Author:** Publisher **Excerpt:** From rugged workhorses to reliable family vehicles and stylish weekend rides - find the right pick-up for your requirements with our guide to the Best Dual-cab Utes in Australia 2025. **Content:** Aussies have a long-standing love for dual-cab utes. They truly are the ultimate all-rounder for buyers seeking a vehicle that can accommodate a range of purposes. However, with so many new pick-ups being released this year, it can be hard to determine the right one for you. From rugged workhorses to reliable family vehicles and stylish weekend rides – find the right pick-up for your requirements with our guide to the Best Dual-cab Utes in Australia 2025. **Vehicles in this article** - [Ford F-150](#ford-f-150) - [Ford Ranger](#ford-ranger) - [VW Amarok](#vw-amarok) - [GWM Cannon](#gwm-cannon) - [KGM SsangYong Musso](#ssangyong-musso) - [Isuzu D-Max](#isuzu-d-max) - [Mitsubishi Triton](#mitsubishi-triton) - [LDV T60](#ldv-t60) - [Toyota HiLux](#toyota-hilux) - [Nissan Navara](#nissan-navara) - [Kia Tasman](#kia-tasman) - [INEOS Grenadier Quartermaster](#ineos-grenadier) ## Ford F-150 From $118,783 (two available trims) ![Red Ford F-150 parked on a little dirt slop surrounded by dust](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-12.webp "Best-dual-cab-utes-in-Australia-2025-12 - Jade Finance")For nearly half a century, the Ford F-150 has been an American standout, and now Aussie ute enthusiasts get their turn. Destined to turn heads with an eye-catching, tough and productive design, the F-150 lineup descends on Australia with two models, the XLT and LARIAT. A chrome-bar grille, LED headlamps and 20-inch chrome-like wheels, the LARIAT is a good-looking dual-cab with distinguished leather seating and a twin-panel moonroof. However, buyers looking for a ute with a slightly tougher design and function may lean more towards the XLT for its dark interior materials, extensive under-seat storage, and stealth black grille. [More details here](https://www.ford.com.au/showroom/trucks-and-vans/f-150/ "More details here"). TrimProsCons**Ford F-150 LARIAT**Easy-to-use infotainmentBig price jump from XLTHigh towing capacityNo ANCAP safety ratingNice seatsThirsty engine**Ford F-150 XLT**Highly practical vehicleLight steeringSpacious CabinNew model revealed overseasComfortable to Drive[Scroll up to vehicle list](#vehicle-list) ## Ford Ranger From $48,358 (four available trims) ![An orange Ford Ranger Raptor driving along a sealed highway](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-04.webp "Best-dual-cab-utes-in-Australia-2025-04 - Jade Finance")Although it’s been two years since its update, the Ford Ranger continues to shake the room as the country’s best-selling dual-cab ute. And if you’ve got something that works, why change it? In 2025, Ford is sticking to its strategy, offering the same four trims – XL, XLT, LARIAT and Raptor – with no changes to the simple and functional vehicle. Offering highly capable horsepower and torque from a 2.7L EcoBoost engine, or a performance-driven 3.0L EcoBoost engine in the Ranger Raptor, versatile driving with up to seven different drive modes, carefully-tuned for a quality ride. [More details here](https://www.ford.com.au/showroom/trucks-and-vans/ranger/). TrimProsCons**Ford Ranger XL**Good balance of featuresInterior not the flashestTough and dependableLimited engine optionsGets the job doneHigh price for entry-level vehicle**Ford Ranger XLT**Still market’s best uteSteep price hikeHard-wearing materialsSteering can feel heavyReasonable rear-seat roomNot the most efficient vehicle**Ford Ranger LARIAT**10-speed transmissionTransmission can be choppyMore luxe than other trimsLots of infotainment controlsVery comfortable seatsLess powerful 2.7L engine**Ford Ranger Raptor**Good family carExpensiveVery comfortable on roadHigh fuel consumptionProdigious performanceMaybe not the best day-to-day car[Scroll up to vehicle list](#vehicle-list) ## VW Amarok From $55,490 (five available trims) ![White VW Amarok with a front wheel in the air as it climbs a rutted offroad track](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-05.webp "Best-dual-cab-utes-in-Australia-2025-05 - Jade Finance")Ute enthusiasts with high expectations, can settle their eyes on the VW Amarok. Available in five trims – Core, Life, Style, Panamericana, and Aventura – the Amarok range is constructed in South Africa specifically to suit the Aussie dream. Offering top-level performance in tough environments, the range incorporates noticeably-advanced technology, design, comfort and safety. Braked towing for the range is substantial at 3.5 tonnes, backed by a powerful engine offering 125 to 222kW. A new model – the ‘10 Deserts Edition’ – is set to hit the market mid-2025 with limited stock. The model will only be available in clear white. [More details here](https://www.volkswagen.com.au/en/models/amarok.html). TrimProsCons**Amarok Core**More affordable than other trimsLacks premium featuresReliable engineInterior feels basicGood off-road capabilityFewer customisation options**Amarok Life**Comfort boostedStill lacks premium featuresImproved sound systemBetter suited to urban drivingMid-range priceLess off-road equipment**Amarok Style**Looks and feels premiumLess rugged than higher trimAdvanced driver-assistancePrice hikes from Life trimCabin noise is betterFuel efficiency lower than other trims**Amarok Panamericana**Great for off-road enthusiastsPrice boosted for premium featuresOutdoor-ready lookStiffer urban ride due to off-road enhancementsLarger wheels**Amarok Aventura**Top-of-the-line variantMost expensive variantLeather upholsteryMore of an on-road luxury vehicleMost powerful engine optionsHigher operating costs[Scroll up to vehicle list](#vehicle-list) ## GWM Cannon From $40,085 (four available trims) ![A blue GWM Cannon driving through a river crossing spraying water up while driving an offroad track](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-02.webp "Best-dual-cab-utes-in-Australia-2025-02 - Jade Finance")GWM’s Cannon range has earned a reputation as a quality choice for drivers seeking a dual-cab ute. After giving each trim a spin, we confidently agree. With an impressive combination of comfort and functionality, the range is perfect for blending work and play. Offering plenty of power, each variant is supercharged with a robust turbo-charged engine, paired with responsive transmission and impressive 4×4 capabilities. Conquer all kinds of terrain effortlessly and tow with ease, the Cannon is a commanding pick-up on our list. [More details here](https://www.gwmanz.com/au/models/ute/cannon/). TrimProsCons**Cannon Lux**Good mix of features and comfortLacks advanced off-road techHigh-quality interiorLess refined featuresGood off-road performanceNot as many safety features**Cannon Ultra**Enhanced luxury featuresPriced higher than Lux variantGreat tech and comfortLess rugged for off-roadingBetter ride qualityDecreased fuel efficiency**Cannon Vanta**Really nice exterior stylingLacks rugged upgradesSolid tech and safety featuresLess luxurious touchesSporty featuresComfort takes a back seat**Cannon XSR**Best for off-roadingExpensive as top-of-the-rangeEnhanced suspensionFirmer ride on paved roadsBold exterior with sporty style Less practical for everyday life[Scroll up to vehicle list](#vehicle-list) ## KGM SsangYong Musso From $40,000 (three available trims) ![An olive SsangYong Musso parked on a residential street](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-09.webp "Best-dual-cab-utes-in-Australia-2025-09 - Jade Finance")A 4×4 dual-cab ute that effortlessly unites both luxury and rugged capability – ah, yes please! KGM SsangYong’s 2025 Musso range offers three available trims – Musso ELX, Adventure and Ultimate. Energised by a powerful 2.2L four–cylinder turbo-diesel and six speed transmission, each model is impressive for its design and off-roading capabilities. Not to mention its imposing towing capability which enables the pick-up to haul its maximum trailer weight while carrying at its maximum payload. We highly rate the top-of-the-range Ultimate variant for its leather-accented interior which offers substantial elegance in contrast to the 4×4 vigor. [More details here](https://kgm.com.au/models/configurator?screen=grade). TrimProsCons**Musso ELX**790kg payloadAverage engine performanceValue for moneyNot the best off-roaderQuality, refined buildLacks some standard features**Musso Adventure**880kg payloadLacks ground clearanceQuiet diesel engineRear centre seatbelt is lap onlyWell-made, comfortable interiorLacks safety features**Musso Ultimate**880kg payloadGround clearance is low360 degree parking assist cameraStill lap-only middle rear seat belt[Scroll up to vehicle list](#vehicle-list) ## Isuzu D-Max From $32,700 (five available trims) ![A silver Isuzu D-Max parked across a sealed outback highway](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-03.webp "Best-dual-cab-utes-in-Australia-2025-03 - Jade Finance")Built to excel on and off-road in the harsh Australian conditions, the Isuzu D-Max pushes the limits of what it means to be a 4×4 dual-cab pick-up. Available in five different trims, give the D-max a spin and attend to the energy behind its 3.0L turbo-diesel engine that delivers 140kw of power and 450nm of torque across all kinds of terrain. With plenty of cutting-edge safety features, remarkable engineering and avant-garde technology – this model really knows how to shine, especially in the newly-released 2025 Isuzu D-Max Blade which bestows upgraded suspension and a sharper focus on the needs of Aussie ute enthusiasts. [More details here](https://www.isuzuute.com.au/d-max/overview). TrimProsCons**SX Crew Cab Ute**Quality interiorLess towing capacity than more expensive modelsGood electronic driving aidsDecent fuel economy**LS-M Crew Cab Ute**Offers a nice interior3.0L engine can be noisyRobust performance**X-Rider Crew Cab Ute**Comfortable rideSome interior materials feel cheapThumbs up for the addition of Rough TerrainWhy not just spend an extra $3k and get LS-UInterior technology has been improved**LS-U Crew Cab Ute**Feels dependably solid6-speed auto could do with an update to 8-speed.A no-frills 4×4Reliable, comfortable, capable.**X-Terrain Crew Cab Ute**Really nice front seatsThe sun visor and rear-view mirror don’t align. Knock each other.Engine is punchy and efficient[Scroll up to vehicle list](#vehicle-list) ## Mitsubishi Triton From $30,740 (five available trims) ![Orange Mitsubishi Triton driving down a dirt track on the site of a hill](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-06.webp "Best-dual-cab-utes-in-Australia-2025-06 - Jade Finance")In 2025, there are only minor upgrades to the Mitsubishi Triton, maintaining its competitive pricing even with the addition of a new mid-range variant, the Triton GLX-R. The new model combines features from the higher-end GLS and GSR trims, offering them at a more affordable price, plus a dual-strut tailgate assist system which is standard for the top-tier models. A five-star ANCAP rating has been awarded to the entire Mitsubishi Triton range, which now offers five trim levels subsequent to the introduction of the GLX-R. The base model of the Mitsubishi Triton is the GLX which starts from $30,740, and rises to $63,840 for the most expensive model, the GSR. [More details here](https://www.mitsubishi-motors.com.au/vehicles/triton.html). TrimProsCons**GLX**Engine is powerfulTouchscreen feels cheapInterior quality matches looksReduced payloadGood value for moneyHandsfree calling sucks**GLX+**Attractive interiorExterior look is divisiveDecent standard featuresDriver monitoring is intrusivePriced well**GLX-R**A lot to like about the interiorInfotainment display is smallClimate control system is reliable and easy-to-useNo key-less push-button startNo wireless charging pad like more premium trims**GLS**Towing capacity now meets dual-cab ute standardIdling stop-start can be laggyBi-turbo diesel offers good fuel economyTransmission needs more gearsLong conditional warrantyDriver attention monitor is annoying**GSR**Capped-price servicing remains competitivePerformance doesn’t quite compete with rivalsTop model is affordable compared to rivalsDriver attention monitoring is annoying[Scroll up to vehicle list](#vehicle-list) ## LDV T60 From $41,042 (five available trims) ![A white LDV T60 parked on a service road in an industrial area](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-07.webp "Best-dual-cab-utes-in-Australia-2025-07 - Jade Finance")Competing firmly with top ute players like Ford Ranger, Toyota HiLux and Nissan Navara, the Chinese-designed LDV T60 is a major dual-cab pickup in 2025. The model first arrived in Australia in October 2017 and has quickly become an attractive 4×4 option for its attractive pricing, high-level specifications, and strong 3000kg braked towing capacity. The LDV T60 is a dominant alternative to its increasingly expensive rivals, while still packing a high level of performance. For the entry-level model, the LDV T60 starts at $41,042 and goes right through to the top-of-the-range model at $52,095. [More details here](https://www.ldvautomotive.com.au/vehicles/ldv-t60-max-ute/). TrimProsCons**PRO**2.0L Bi-turbo diesel engineExcessive noise reportedReverse cameraServicing can be costly7 year/200,000km warrantyNo capped-price service plan**LUXE**Leather trim seatsSome basic safety tech is MIA360 degree panoramic cameraServicing can be costlyKeyless entry and push button startA few unhappy reports online**PLUS**Rear multi link suspensionSounds gruff and agriculturalWireless mobile charging padSome basic safety tech is MIADual infotainment and driver displayNo capped-price servicing**MEGA TUB**315mm longer tubSome basic safety tech is missingBlack sailplane, roof rails, side stepsInfotainment display could be betterRear on-demand differential lockEngine feels down on power**MEGA TUB PLUS**Rear multi link suspensionSome basic safety tech is MIALane keep assistRide not the smoothestUnique 18” black alloy wheelsInterior not as high-end as rivals[Scroll up to vehicle list](#vehicle-list) ## Toyota HiLux From $39,625 (five available trims) ![Red Toyota HiLux on the side of a hill](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-01.webp "Best-dual-cab-utes-in-Australia-2025-01 - Jade Finance")Toyota’s best selling model and an icon in the Australian ute market, the HiLux continues to crack the country’s list of best selling vehicles.With highly versatile capabilities – the HiLux is a good choice for buyers looking to embark on tough jobs, off-road adventures, family vacations, or just simple everyday use. Select from five trims – WorkMate, SR, SR5, Rogue and GR-Sport. Toyota is constantly evolving and refining the HiLux range to better suit the changing demands of Australian drivers. While there are no updates for 2025 following the 2024 facelift, the next-generation HiLux is expected in 2026. However, it won’t be a complete overhaul, according to reports from South America. [More details here](https://www.toyota.com.au/hilux). TrimProsCons**WorkMate**Exterior looks ready for workExpensive maintenance costsBasic, decent value, frugal on fuelRuns out of puff relatively quicklymulti-purposefulDon’t expect it to tow anything**SR**Impressive engine performanceShort service intervals (6 months)Better fuel economyExpensive maintenance costsMore affordableFirm ride**SR5**Good build qualityShort service intervals (6 months)High load-carrying abilityRear seating feels cramped**Rogue**Running ground clearance of 265mmTyres on 4WD model are not designed for off-roadingComfortable driver’s seatPlastic mud guards are less-than-idealCabin feels familiar and intuitive**GR-Sport**Designed for Australian conditionsInterior could do with a refreshWider track makes ute feel more solidPrice keeps increasingQuicker than other HiLux turbo-dieselsShort service intervals (6 months)[Scroll up to vehicle list](#vehicle-list) ## Nissan Navara From $33,550 (27 available trims) ![White Nissan Navara rolling along a sealed industrial back road](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-10.webp "Best-dual-cab-utes-in-Australia-2025-10 - Jade Finance")In 2025, Nissan has made no changes to its Navara range in terms of standard specifications. However, a new-generation release in 2026 is expected to heat up Australia’s dual-cab ute market. Until then, Aussies will have to make due with the extensive 27-variant range which offers a mix of practicality, capability, and avant-garde technology. From SL single-cabs for commercial buyers, to models better suited to hard-core off-roading – Nissan’s Navara range has something for everyone. [More details here](https://www.nissan.com.au/vehicles/browse-range/navara.html). TrimProsCons**SL**Payload and towing capacityNo ANCAP safety ratingService IntervalsRear seating is tight for threeMost fuel efficient trimLimited wheel/driver’s seat adjustment**ST**Cabin materials are qualityLess backseat room than competitors20,000km service intervalsSafety features could be improvedGood fuel economyDriver’s seat doesn’t feel the best**ST-X**A good off-roaderServicing is expensiveHas quality standard equipmentPrice jump from ST is significantA nice-looking dual cabInterior feels dated**PRO-4X**Looks tough and goes toughThis trim uses the most fuelMore affordable than rival Ranger RaptorInterior feels a bit datedVery polite on-road mannersSteering is slow and unresponsive[Scroll up to vehicle list](#vehicle-list) ## Kia Tasman Pricing TBC. (3 available trims) ![Black Kia Tasman driving along a country dirt road](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-08.webp "Best-dual-cab-utes-in-Australia-2025-08 - Jade Finance")The wait is almost over for ute enthusiasts looking to try their hand at Kia’s first-ever ute. Set to hit Australian showrooms in June or July, pre production models of the 2025 Kia Tasman are already being seen on local roads with buzz building among Aussie buyers. Powered by a 2.2L turbo-diesel engine and delivering 154kW of power and 441Nm of torque, the bold design of the dual-cab pick-up has divided opinions across the market. However, Kia’s reputation for value, reliability and innovation has kept expectations high. A major drawcard for the new ute is the promised versatility and toughness, with suspension and steering specifically designed for Australia’s unique conditions. A three-tier model line-up is expected for the dual cab – Tasman Baseline, Tasman X-Line, and Tasman X-Pro. [More details here](https://www.kia.com/au/cars/tasman/register.html). TrimProsCons**2025 Kia Tasman Ute Range** *Details not yet released*Suspension and steering tailored for AustraliaBuyers are heavily divided on the model’s unconventional stylingAttractive value-pricingNeed to wait until mid-2025 to test it3500kg towing capacityEngine could lack grunt[Scroll up to vehicle list](#vehicle-list) ## INEOS Grenadier Quartermaster From $105,000 (3 available trims) ![A white INEOS Grenadier Quartermaster parked on a dirt clearing in the outback](https://jade.finance/wp-content/uploads/2025/02/Best-dual-cab-utes-in-Australia-2025-11.webp "Best-dual-cab-utes-in-Australia-2025-11 - Jade Finance")A rival for the Jeep Gladiator and Toyota Landcruiser 70 Series, Ineos has expanded its Grenadier lineup with the launch of the Grenadier Quartermaster, a rugged dual-cab 4×4 ute. The 2025 pick-up is available in three trims – Grenadier Quartermaster, Grenadier Quartermaster Trailmaster, and the Grenadier Quartermaster Fieldmaster. Offering an extra 30cm in length than the wagon version, the new model is powered by inline sixes (petrol and diesel) and offers various configurations and customisation options for buyers. [More details here](https://ineosgrenadier.com/en/au/films-and-images#quartermaster). TrimProsCons**Grenadier Quartermaster**Powered by BMW 3L Inline Six, paired with the ZF gearboxSpare wheel eats into tub spaceComfortable off-road, and internallyExpensive for a base modelClassic and rugged stylingReally big turning circleRoad driving behaviour is poor**Grenadier Quartermaster Trailmaster**Powered by BMW 3L Inline Six, paired with the ZF gearboxTurning circle still hugeComfortable off-roadPayload less than rivalsNice-looking pick-upSpare wheel still takes up tub spaceRoad driving behaviour is poor**Grenadier Quartermaster Fieldmaster**Powered by BMW 3L Inline Six, paired with the ZF gearboxPayload lower than other work-oriented utesExcellent visibilityRear seat cramped to maintain tub spaceConfident in rough road conditionsRoad driving behaviour is poorPurpose-built for heavy-duty underpinnings[Scroll up to vehicle list](#vehicle-list) ## Looking to Finance your new car? Get cheap rates with JADE Finance. If you want to feel confident in your decision to finance your car, the only business that should come to mind is **[Jade Finance](/car-loans)**. An enviable reputation in the motor vehicle finance sector, **[cheap interest rates](/car-loans/car-loan-interest-rates)**, and a service tailored to your needs are just a few of the benefits you will receive through our personal and professional finance brokers. We have a large source of options available to ensure you are getting the right loan for you and your car. Made a shortlist of cars that match your specifications? Weed out the ones that exceed your budget by comparing quickly and easily with our online car loan calculator. Enter the loan amount, loan term and interest rate and receive an invaluable estimate for financial planning. If respect and attention to detail is the kind of service you want, [Request a Quote](/free-finance-quote) with Jade Finance. **Categories:** Information --- ### [Don’t Miss Out on Plate Clearance Sales - Get Fast Car Loan Approval](https://jade.finance/blog/dont-miss-out-on-plate-clearance-sales-get-fast-car-loan-approval) **Published:** February 7, 2025 **Author:** Publisher **Excerpt:** Plate clearance sales are events by car brands offering discounts and special deals on current year models to clear stock prior to the next year models arriving. **Content:** Whether in the market for a workhorse, a family-friendly SUV, or a budget EV, buyers can get great prices and deals on new cars at the moment with plate clearance sales on MY24 vehicles. Clearances are being offered from top-selling brands including Ford, Mazda and Mitsubishi on various models across their range. Deals currently available include price discounts, cash backs, gift cards and free extras. But buyers may need to be fast and well-prepared as clearances are subject to stock availability and/or time limits. Securing car loans before heading to the dealership can place buyers in pole position for getting their vehicle of choice, as deals may be limited to certain model variants. Where the clearances offer a price cut, that means a lesser amount may be required for the car loan which may flow through to other finance benefits including lower rates. Check out the clearances currently available and submit your application for pre-approved car finance so you don’t miss out. ## What are plate clearance sales? Plate clearance sales are events by car brands offering discounts and special deals on current year models to clear stock prior to the next year models arriving. The ‘plate’ is an automotive industry term which signifies the year the vehicle was manufactured in the source country. The deal offered may take the form of a discount on the RRP, a cash back with purchase, added extras at no charge and other offers. Clearances are on the current year models, ie MY24, and may be limited to certain vehicles. As these events are clearing stock, availability is limited to only the number of vehicles available and possibly to the specific number available through individual dealers. Deals may not be across the entire range and specific offers can be different for different models. Demo (demonstrators) models may be included in the clearances. These are particular cars which dealers have used over the year to demonstrate features to buyers. Such vehicles often have accessories included and while they will have some mileage, possibly 500klms, they can present excellent value buys. ## Plate Clearance Sales Now On We’ve done a quick browse of clearances now available and present some of the best for buyer consideration. After being in high demand and topping sales charts in 2024, it’s hard to believe that some [Ford](https://www.ford.com.au/) Ranger variants are current subject to special deals as are MY23 F-150s and Transit Vans. The deal from Ford is a gift card in the form of a credit card valued at $2K-$8K, depending on the particular model. While not a price discount, this type of deal may be considered as a cash back and free up other funds to go towards a car deposit. Bonuses are available on two extremely popular [Mazda](https://www.mazda.com.au/) SUV models – the CX3 and CX5. As a great workhorse, businesses may like to look at the deals currently available on the VW MY24 Amarok. Nissan has a great selection of deals on many models in their range. A cash back of up to $8K is available on some variants of the Navara, up to $5K on some X-Trail and Qashqai vehicles and discounts on other vehicles. The Nissan Leaf may present a great current buy for those looking for a small-sized electric car. For popular cab chassis and SUVs, head to [Mitsubishi](https://www.mitsubishi-motors.com.au/offers.html?group=private) for great offers on Eclipse Cross, Triton and Pajero Sport Outlander. If you’re a member of an NBL Club, you’ll even get an extra deal as Mitsubishi is a partner with the competition. At Hyundai you’ll find bonus offers and price reductions are available on selected Honda SUVs. With all special deals and offers, buyers should refer to the terms and conditions to ensure they suit the individual and confirm availability in their state, city or through their local dealership. Where clearances involve the buyer committing to finance through that dealer or manufacturer, we recommend looking closely at the finance deal, comparing the rates and conditions with [our offers](/car-loans/car-loan-interest-rates), to ensure it is the best you could be offered. Our [Finance Calculator](/car-loans/car-finance-calculator) may be extremely useful in these situations. ## Fast Car Loan Approval for Plate Clearance Sales Vehicles Clearances allow buyers to capture deals on new vehicles. While that model may be about to be surpassed by a newer model, the cars are brand new and eligible for [new car finance](/car-loans/new-car-finance). For private buyers that will mean our Secured Car Loan and for businesses, their choice of asset finance product. New cars attract the best rates and with the car securing the loan, lenders may be ready to approve higher borrowing limits. A scenario which may mean no deposit finance approval which may free up money for other purposes. All types of car loans can be approved prior to purchase to ensure buyers are ready to commit and secure the vehicle of their choice. We can get most applications approved within 24 hours to assist buyers to maximise the opportunities available with these sale events. **Avoid disappointment! Secure your plate clearance sales vehicle finance now through Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Top 10 Budget-Friendly 2024 Car Releases in Australia](https://jade.finance/blog/top-10-budget-friendly-2024-car-releases-in-australia) **Published:** June 17, 2024 **Author:** Publisher **Content:** Interest rate hikes seem to be a never-ending trend in the Australian economy. So much so that many new-car buyers are using price as the sole deciding factor when choosing a new vehicle to own. But believe it or not, if you’re strapped for cash, it doesn’t mean you have to sacrifice your car ownership vision completely. There are a number of affordable car options available that offer a high standard of equipment, safety, functionality, and design. Don’t pigeonhole yourself into small or second-hand cars. If you want to drive your dollar further, here are our choices for the Top 10 Budget-Friendly Car Releases in Australia. ## 2024 Toyota Corolla Cross : $23,860 – $29,385 ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img0-1024x576.png "New-car-releases-top-10-budget-Aus_Img0 - Jade Finance") The [2024 Toyota Corolla Cross](https://www.toyota.com/corollacross/) has a number of notable features that make it an ideal budget-friendly purchase. Boasting tuned suspension, a 2.0-L engine, and an impressive fuel efficacy rating – it’s clear why this release is on our list. With the Carolla Cross, you’ll enjoy stability and ride comfort via multi-link rear suspension, as well as extra traction for rough roads via All-Wheel Drive (AWD). By selecting this model you could also save even further with the opportunity to minimise your fuel consumption thanks to a four-cylinder engine, delivering a combined 32 mpg. For further details visit [2024 Toyota Corolla Cross](https://www.toyota.com/corollacross/). ProsConsCheapNoisy engine under loadComfortable ride qualityLess rear legroom than most rivalsSolid advanced driver assist techNo significant changesRoomy cargo areaInterior design## **2024 Mitsubishi ASX GS (2WD) : $24,490 – $35,240** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img1-1024x623.png "New-car-releases-top-10-budget-Aus_Img1 - Jade Finance") Rocking its fourth face lift since it was first released in 2019, the [2024 Mitsubishi ASX GS (2WD)](https://www.mitsubishi-motors.com.au/vehicles/asx/range-specifications.html) is a front wheel drive, 4-door wagon. It is regarded as a small SUV built in Japan with prices starting from $24,490 before on-road costs. Powered by a 2.0L four-cylinder engine, this unleaded-petrol release has 197 Nm of torque via a 5 speed manual. For further details, visit [2024 Mitsubishi ASX GS (2WD)](https://www.mitsubishi-motors.com.au/vehicles/asx/range-specifications.html). ProsConsExcellent value for moneyInterior feels dated compared to rivalsCheap to run and spacious interiorFirst released in 2019Long warranty (10 years) Front seats not good for long-driveFuel efficient and 2.4 litre engineLacks latest driver assist functions## **2024 Hyundai Kona : $25,625 – $33,175** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img2-1024x575.png "New-car-releases-top-10-budget-Aus_Img2 - Jade Finance") Featuring a more modern appearance, the [2024 Hyundai Kona](https://www.hyundai.com/au/en/cars/suvs/kona) looks more rugged than it is. A subcompact soft-roader made for the urban jungle, this release is powered by one of two gas-fed four-cylinder engines, with an extra powerful 190-hp turbocharged 1.6-litre available. The 2024 Kona is more spacious than the last-generation model thanks to its longer wheelbase and slimmer front seat backs that free up more space for rear-seat riders. For further details, visit [2024 Hyundai Kona](https://www.hyundai.com/au/en/cars/suvs/kona). ProsConsCabin area has more room than previous-generation modelPoky accelerationMore refined and practicalDriving demeanour isn’t as good as previous-generation modelStrong value for moneyMore expensive than 2023## **2024 Toyota Hilux WorkMate : $26,475 – $46,665** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img3-1024x538.png "New-car-releases-top-10-budget-Aus_Img3 - Jade Finance") Modernised with a new look and features – the [2024 Toyota Hilux WorkMate](https://www.toyota.com.au/hilux/workmate) is now on sale in Australia with 48-volt technology in select samples. Powered by a 2.7-litre four-cylinder petrol engine, producing 122kW/245 Nm and matched to a five-speed manual or six-speed automatic transmission. When driving this release, the standard safety features you will enjoy include autonomous braking, adaptive cruise control, lane departure warning, brake-based lane keep assist, and traffic sign recognition. For more information, visit [Toyota Hilux WorkMate](https://www.toyota.com.au/hilux/workmate). ProsConsOne of the best off-road traction-control systems No increase in tyre diameter, no off-road improvementIncreased ride height and track width beneficial for off-roadersPayload is lacking, especially when towing at the limitSolid all-rounderUpdated model is around the corner## **2024 GWM Haval Jolion Premium : $28,490** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img4-1024x683.png "New-car-releases-top-10-budget-Aus_Img4 - Jade Finance") A unique blend of style, space, and technology – the [Haval Jolion](https://www.gwmanz.com/au/models/suv/haval-jolion/?gad_source=1&gclid=Cj0KCQjw3tCyBhDBARIsAEY0XNlE3muRplUFYZHSSnHFnCPaWtdCShMjpDek7zHDGQsvZ_bk70krJPoaArXxEALw_wcB) Premium stands out. Boasting a dynamic driving experience for both urban explorers and weekend adventurers, the compact SUV is available in petrol and hybrid versions. Focusing on comfort and practicality, this release is a great option for those long drives. The design of the Jolion has a comprehensive array of safety technologies including multiple airbags and driver-assist technologies to ensure a secure and protected driving experience. For further details, visit [GWM Haval Jolion Premium](https://www.gwmanz.com/au/models/suv/haval-jolion/?gad_source=1&gclid=Cj0KCQjw3tCyBhDBARIsAEY0XNlE3muRplUFYZHSSnHFnCPaWtdCShMjpDek7zHDGQsvZ_bk70krJPoaArXxEALw_wcB). ProsConsAttractive, roomy interiorInterior built to the pricePunchy, efficient hybridDriver-assists touchy and can be invasiveSeven-year warranty## **2024 Toyota RAV4 LE : $28,675** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img5-1024x576.png "New-car-releases-top-10-budget-Aus_Img5 - Jade Finance") The 2024 release of the [Toyota RAV4 LE](https://www.toyota.com.au/rav4?gad_source=1&gclid=Cj0KCQjw3tCyBhDBARIsAEY0XNlSCECkc2TR7JMi71X1ddOvYXqxR4B5adcBIzkzfq7hDf1WpM3y-QMaArZHEALw_wcB&gclsrc=aw.ds) is designed to provide you with the confidence to go further. Tackle the trails or tame the pavement with the multi-link rear suspension and All-Wheel Drive. Designed with premium materials and a focus on comfort, the level of refinement in this vehicle has been increased for both on and off-road travelling. RAV4 LE boasts dynamic torque vectoring AWD, offering great enhancement to the responsiveness and stability of the vehicle. For further details, visit [Toyota RAV4 LE](https://www.toyota.com.au/rav4?gad_source=1&gclid=Cj0KCQjw3tCyBhDBARIsAEY0XNlSCECkc2TR7JMi71X1ddOvYXqxR4B5adcBIzkzfq7hDf1WpM3y-QMaArZHEALw_wcB&gclsrc=aw.ds). ProsConsQuiet interior and comfortable ride quality Lacklustre acceleration Abundant cargo and passenger spaceVague steering Easy-to-use controlsNo changes in the 2024 releaseGreat resale value making it a very sensible purchaseHigh demand – delivery times can be extended1 year free roadside assistance## **2024 Kia Seltos S 2.0 FWD : $29,500** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img6-1024x698.png "New-car-releases-top-10-budget-Aus_Img6 - Jade Finance") For a small SUV, the [2024 Kia Seltos S](https://www.kia.com/us/en) offers a nice degree of roominess and versatility. Coupled with excellent fuel economy and an affordable price – this base model is functional and well-equipped. With solid fundamentals for an affordable car, both driver and passenger seats are well-padded and offer a good range of adjustment. The more expensive models of the Kia Seltos S have flashier graphics and bigger screens, but aside from that the only thing you’ll miss out on in this budget-friendly model is the factory satellite navigation. For further details, visit [Kia Seltos](https://www.kia.com/us/en). ProsConsRefined 1.6 or 2L engineInterior built to budgetSpacious interior for priceOverly active safety equipmentRear air vents and USB-C PortsStiff ride and loud cabin## **2024 Volkswagen Polo : $29,490** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img7.png "New-car-releases-top-10-budget-Aus_Img7 - Jade Finance") Squeezing in just under the $30k mark, the [2024 Volkswagen Polo](https://www.volkswagen.com.au/en/models/polo.html "2024 Volkswagen Polo") has a classy interior with a nice feel about it. Despite an old-school tech experience (no Apple CarPlay) and a smaller screen compared to its 2024 rivals, you still get what you would expect from a modern day vehicle. With a speedometer front and centre and useful driver information on the screen, there’s a lot to like about this little car. When it comes to boot space, with this release you will enjoy a larger-than-expected 351L of cargo space. For further details, visit [](https://www.mazda.com.au/cars/cx-3/?ds_rl=1273431&ds_rl=1197676&gad_source=1&gclid=Cj0KCQjw3tCyBhDBARIsAEY0XNlKC5eLHozenebGVkdSnp5Rk0H6PiykkOXmfolkEE4B2a4hUDqFhAsaAphPEALw_wcB&gclsrc=aw.ds)[2024 Volkswagen Polo](https://www.volkswagen.com.au/en/models/polo.html "2024 Volkswagen Polo"). ProsConsGood feel compared to rivalsMissing some handy safety itemsSophisticationCan be expensive to serviceRelatively spaciousFewer features such as rear split seats, LED lights, driver armrest etc. ## **2024 Skoda Kamiq Runout : $32,990** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img8.png "New-car-releases-top-10-budget-Aus_Img8 - Jade Finance") If you’re wondering what makes a [2024 Kamiq Runout](https://www.skoda.com.au/models/new-kamiq/new-kamiq), the answer is in the keyless start, smartphone connection, side assist with rear traffic alerts, and LED headlights. If you were thinking this more affordable model of the Style would involve some stripped-out budget grade, you’d be pleasantly surprised. The interior of this model, particularly the seats, are pretty much the same as the Style. Boasting good comfort and support, as well as a wide range of adjustment, Skoda has maintained its quality touch. For further details, visit [Skoda Kamiq Runout](https://www.skoda.com.au/models/new-kamiq/new-kamiq). ProsConsPleasant to driveHigh pay-as-you-go servicing costs Spacious interior Adaptive cruise control removedHandy, practical touches Design is a basic modelPunchy turbo three-cylinder engineAn upgrade is just months away## **2024 Mazda CX-3 G20 Evolve : $31,050** ![](https://jade.finance/wp-content/uploads/2024/06/New-car-releases-top-10-budget-Aus_Img9.png "New-car-releases-top-10-budget-Aus_Img9 - Jade Finance") Offering a city-sized package and reasonable fuel economy, the [2024 Mazda CX-3 G20 Evolve](https://www.mazda.com.au/cars/cx-3/?ds_rl=1273431&ds_rl=1197676&gad_source=1&gclid=Cj0KCQjw3tCyBhDBARIsAEY0XNlKC5eLHozenebGVkdSnp5Rk0H6PiykkOXmfolkEE4B2a4hUDqFhAsaAphPEALw_wcB&gclsrc=aw.ds) doesn’t stray too far from its hatchback sibling, the Mazda 2. Although the CX3 model is an older player in the car market, it’s still a top selling favourite. The Evolve has a unique leatherette and suede interior, with an all-black centre console. Powered by a 2L naturally aspirated four-cylinder petrol engine, this release develops 195 Nm of torque at 2800 rpm. It is now available exclusively with front-wheel drive and a six-speed automatic transmission. For further details, visit [Mazda CX-3](https://www.mazda.com.au/cars/cx-3/?ds_rl=1273431&ds_rl=1197676&gad_source=1&gclid=Cj0KCQjw3tCyBhDBARIsAEY0XNlKC5eLHozenebGVkdSnp5Rk0H6PiykkOXmfolkEE4B2a4hUDqFhAsaAphPEALw_wcB&gclsrc=aw.ds). ProsConsBenchmark interior presentationTight rear seats and bootSolid value for moneyNo wireless CarPlayFun to drive Rivals have more torque and efficiency## Looking to Finance your new car? Get cheap rates with JADE Finance. If you want to feel confident in your decision to finance your car, the only business that should come to mind is [Jade Finance](https://jade.finance/). An enviable reputation in the motor vehicle finance sector, [cheap interest rates](/car-loans/car-loan-interest-rates), and a service tailored to your needs are just a few of the benefits you will receive through our personal and professional finance brokers. We have a large source of options available to ensure you are getting the right loan for you and your car. If respect and attention to detail is the kind of service you want, [Request a Quote](/free-finance-quote "Free Finance Quote") with Jade Finance. **Categories:** Information --- ### [Best Medium-sized Luxury SUV in Australia 2025](https://jade.finance/blog/best-medium-sized-luxury-suv-in-australia-2025) **Published:** January 23, 2025 **Author:** Publisher **Excerpt:** Australian drivers looking to blend luxury with performance and practicality can count on a SUV to deliver. From urban cruisers to off-road adventurers - here are our picks for the Best Medium-sized Luxury SUV in Australia 2025. **Content:** Australian drivers looking to blend luxury with performance and practicality can count on a SUV to deliver. In the right SUV, it doesn’t matter whether you’re steering the streets of Sydney or cruising wide-open country roads. This class of motor vehicle offers the perfect mix of style, space and advanced technology. But with such a vast range of options available in 2025, how do you decide the best one for you? From urban cruisers to off-road adventurers – here are our picks for the Best Medium-sized Luxury SUV in Australia 2025. ## 2025 Mercedes-Benz GLC $115,200 – $198,415 ![2025 Mercedes-Benz GLC](https://jade.finance/wp-content/uploads/2025/01/2025-Mercedes-Benz-GLC.webp "2025 Mercedes-Benz GLC - Jade Finance")An ideal blend of performance, comfort, and advanced technology, the 2025 Mercedes-Benz GLC is a solid choice for buyers seeking a medium-sized SUV. With efficient, everyday turbocharged engines and high-performance AMG models available, the GLC is a golden nugget for both urban and country adventures. Not to mention its advanced infotainment system and comprehensive safety features including brake and lane assist. In terms of comfortability and drivability, the 2025 GLC delivers on all fronts. For more information, visit [**Mercedes-Benz GLC**](https://www.mercedes-benz.com.au/passengercars/models/suv/glc/overview.html). ProsConsTurbocharged four-cylinder enginesExpensiveRange of great safety featuresSmaller cargo space than SUV rivalsSmooth, comfortable rideAMG engine model is thirstyPerforms well on city streets, tough terrainTech features can be complex to use ## BMW X3 $84,500 – $152,199 ![BMW X3](https://jade.finance/wp-content/uploads/2025/01/BMW-X3.webp "BMW X3 - Jade Finance")A top contender in the medium-sized luxury SUV market, the BMW X3 has a refined design in 2025 with cutting-edge technology and athletic performance. It offers a variety of engine variants including turbocharged four-cylinder and six-cylinder M50. On the inside, the X3 boasts eco-friendly premium materials, including user-friendly infotainment and ample cargo space. All in all, the 2025 X3 is a versatile and well-rounded SUV for a variety of buying purposes. For more information, visit [**BMW X3**](https://www.bmw.com/en-au/models/x-series/x3/bmw-x3.html). ProsConsStrong acceleration (especially with X3 M50 engine)Expensive (especially for the higher trims and X3 M50)High-quality interior materialsNot the largest cargo space for its classUpdated in-car technologySome advanced features only available in higher trimsIncreased efficiency for all engine variants with 48-volt mild-hybrid technologyInterior feels cramped despite larger dimensions than predecessor ## Audi Q5 $119,084 – $124,315 ![Audi Q5](https://jade.finance/wp-content/uploads/2025/01/Audi-Q5.webp "Audi Q5 - Jade Finance")Boasting a well-built interior, the 2025 Audi Q5 provides a modern design with lots of room and top-tier materials. While a solid choice in the market, the Q5 is the older variant and is starting to look outdated compared to its rivals. With Audi confirming a new release arriving in Australia during the fourth quarter of this year, we recommend buyers wait for the upcoming version which is expected to offer updated features and a fresher design. To read more about the current version, visit [**Audi Q5**](https://www.audi.com.au/en/models/q5/q5/). ProsConsRefined interior with high-quality materialsPremium price tagOffers a smooth rideLooks outdated compared to rivalsGood stability in all weather conditionsRear seats lack adjustable seatbacksEnhanced safety featuresNew model just around the corner ## Genesis GV70 $86,278 – $111,603 ![Genesis GV70](https://jade.finance/wp-content/uploads/2025/01/Genesis-GV70.webp "Genesis GV70 - Jade Finance")For 2025, Genesis has officially released the facelift for the GV70, marking subtle but noticeable changes to the interior, along with new colour choices, refreshed wheels and updated exterior features. We consider the new build a compelling option for buyers seeking a refined vehicle with a current design and increased levels of customisation. Released as part of Hyundai’s premium Genesis lineup, the GV70 offers an exhilarating drive with maximum levels of comfort. Check out the official [**2025 Genesis GV70**](https://www.genesis.com/au/en/models/luxury-suv-genesis/gv70/highlights.html) highlights page for further details. ProsConsLuxurious interior with high-quality materialsHigher trims less affordable than competitorsHigh-end audio system and advanced techFirm ride in certain trimsIncreased customisation levelsCargo space feels tightNew colour choices, updated exterior featuresInfotainment controls placed weirdly ## Lexus NX $71,000 – $106,980 ![Lexus NX](https://jade.finance/wp-content/uploads/2025/01/Lexus-NX.webp "Lexus NX - Jade Finance")An SUV with appreciable design, tech and performance – the 2025 Lexus NX packs a smooth, quiet ride with deluxe interior materials. Available with a range of powertrains, including a turbocharged four-cylinder engine and hybrid variant – we recommend test driving this model to find the right customisation for your requirements. Lexus is known for its reliability and strong safety features, and the NX upholds that reputation. For more information, visit [**Lexus NX**](https://www.lexus.com.au/models/nx/overview). ProsConsStylish, bold designSome trims feel firmer than expectedPremium interior materialsCargo capacity is smaller than some rivalsImpressive fuel efficiencyRear seats can feel crampedInfotainment is easy to useHigher trims can push price up significantly ## Tesla Model Y $63,400 – $89,904 ![Tesla Model Y](https://jade.finance/wp-content/uploads/2025/01/Tesla-Model-Y.webp "Tesla Model Y - Jade Finance")Coming in May to the Australian EV segment is the 2025 Tesla Model Y (Project Juniper). The updated model is expected to bring refreshed suspension, wheels and tyres, and provide a smoother and quieter ride. From initial inspections, the interior looks identical to the Tesla Model 3 with a range of other design elements clearly incorporated from its smaller sibling. However, the new model promises enhanced safety features, improved handling characteristics, and more advanced Autopilot capabilities. There are multiple configurations for this model – choose from long range and performance variants. Before its release in May, read more about the new updates at [**2025 Tesla Model Y**](https://www.tesla.com/en_au/modely). ProsConsGreat driving range for longer tripsLess affordable than traditional gas-powered SUVsFast accelerationMinimalist cabin looks sparseSpacious interior with lots of legroomInterior identical to predecessorLarge touchscreen controls everythingCentral screen takes driving information away from line of sight ## Porsche Macan $128,400 – $184,400 ![Porsche Macan](https://jade.finance/wp-content/uploads/2025/01/Porsche-Macan.webp "Porsche Macan - Jade Finance")For a compact luxury SUV with practicality and style, the 2025 Porsche Macan makes our list. It’s got sporty handling for a dynamic driving experience. The Macan stands out in its class for its luxurious interior materials and cutting-edge technology, including a large touchscreen and premium audio options. However, it is important to note there are no petrol options for the new model and the price tag is more premium than its predecessor. For more information, visit **2025 Porsche Macan**. ProsConsPorsche’s new updated interior design layoutExpensive compared to other compact luxury SUVsSleek, minimalist designCargo capacity smaller than competitors in the same segmentComposed on twisty roads and highwaysOnly comes in electric variantsLower running costsRear hatch opening is narrow ## Mazda CX-70 $75,970 – $82,970 ![Mazda CX-70](https://jade.finance/wp-content/uploads/2025/01/Mazda-CX-70.webp "Mazda CX-70 - Jade Finance")As Mazda actively tries their hand in the luxury car segment, the 2025 release of the Mazda CX-70 competes with established premium brands by offering high-end materials, a refined interior and advanced tech features, at a competitive price. Like other 2025 SUV releases, the CX-70 has a range of powertrains on offer including the everyday turbocharged four-cylinder and a hybrid option. In Mazda’s newly released models, it’s clear Mazda is making a clear push toward a more upmarket position. For further details on the new model, visit [**Mazda CX-70**](https://www.mazda.com.au/cars/cx-70/). ProsConsResponsive driveLacks high-end engine optionsCabin filled with high-quality materialsSuspension set up feels firmGreener fuel efficiencyLess appealing to budget-conscious buyersSpacious cabin and cargo spaceNo third-row seat option ## Volkswagen Touareg $86,790 – $129,990 ![Volkswagen Touareg](https://jade.finance/wp-content/uploads/2025/01/Volkswagen-Touareg.webp "Volkswagen Touareg - Jade Finance")A more affordable package compared to its European rivals, the 2025 Volkswagen Touareg has great design and ample high-end features. Powered by a turbocharged engine, this model presents an impressive suite of advanced driver-assistance features. Buyers looking for a smooth driving experience coupled with a sleek design can lay their sights on the Touareg. For more information, visit [**2025 Volkswagen Touareg**](https://www.volkswagen.com.au/en/models/touareg.html). ProsConsHigh-quality interior with impressive materialsPremium features boost price above other mid-size SUVsGood off-road capabilityCargo space small with rear seats upSmooth accelerationSportier trims with larger wheels less comfortable on rougher roadsImpressive towing capacityFuel economy not as impressive as hybrids or smaller SUVs ## Volvo XC60 $73,990 – $101,390 ![Volvo XC60](https://jade.finance/wp-content/uploads/2025/01/Volvo-XC60.webp "Volvo XC60 - Jade Finance")A luxury compact SUV with a polished Scandinavian design, the 2025 Volvo XC60 boasts top-notch safety features and a great driving experience. The XC60 is not only a great choice in the luxury mid-sized SUV segment, but also a quintessential family car thanks to Volvo’s well-renowned focus on safety. If you’re a buyer eager for both beautiful design and peace of mind, the 2025 Volvo XC60 is a top choice. And let’s not forget the range of powertrains the XC60 offers – mild hybrid, plug-in hybrid, and a more fuel efficient four-cylinder option. For more information, visit[ ](https://www.volvocars.com/us/cars/xc60/)[**2025 Volvo XC60**](https://www.volvocars.com/au/cars/xc60/). ProsConsOne of the safest vehicle in its classRear seats can feel cramped on long tripsPremium interior cabin materialsSmall cargo space compared to other luxury SUVsOffers mild-hybrid and plug-in hybrid optionsLess powerful than competitorsStrong resale valueBetter suited to on-road driving, less capable in rugged conditions. ## Looking to Finance your new car? Get cheap rates with JADE Finance. If you want to feel confident in your decision to finance your car, the only business that should come to mind is [Jade Finance](/car-loans). An enviable reputation in the motor vehicle finance sector, [cheap interest rates](/car-loans/car-loan-interest-rates), and a service tailored to your needs are just a few of the benefits you will receive through our personal and professional finance brokers. We have a large source of options available to ensure you are getting the right loan for you and your car. Made a shortlist of cars that match your personal or commercial specifications? Weed out the ones that exceed your budget by comparing quickly and easily via our online car loan calculator. Enter the loan amount, loan term and interest rate and receive an invaluable weekly, fortnightly or monthly repayment estimate for financial planning. If respect and attention to detail is the kind of service you want, [request a quote](/free-finance-quote "Free Finance Quote") with Jade Finance. **Categories:** Information --- ### [How do I get a lower interest rate on my loan?](https://jade.finance/blog/how-do-i-get-a-lower-interest-rate-on-my-loan) **Published:** January 28, 2025 **Author:** Publisher **Excerpt:** When applying for a loan, one of the most important factors to keep in mind is the interest rate. Low interest rates can significantly reduce the total amount you pay over the life of a loan. **Content:** When applying for a loan, one of the most important factors to keep in mind is the interest rate. Low interest rates can significantly reduce the total amount you pay over the life of a loan. Whether you’re in the market for a car loan, personal loan, equipment loan, or caravan loan, finding ways to secure a lower rate can save you hundreds, even thousands, of dollars. Keep reading this guide to understand how you can achieve a better interest rate on your loan! ## Compare Lenders Lenders offer different interest rates and terms across the market, so it’s worth taking the time to shop around. By comparing your options, you can make a well-informed choice and possibly save thousands in interest over the life of your loan. The lower the rate you achieve, the less you’ll pay overall. However, it’s important to remember that applying for quotes from multiple lenders can result in several hard enquiries on your credit report, which can have a negative impact on your credit score. To avoid this, consider comparing your options through a broker. ## Choose a Shorter Loan Term Lower interest rates are generally offered for shorter loan terms. This is because the loan is paid off more quickly. While a shorter loan term will result in higher monthly payments, you will pay less interest over the life of the loan. Not only that, but a shorter-term loan can also help you establish a positive repayment history, which could make it easier to obtain future loans at favourable rates. While a shorter loan term offers a range of advantages, it is important to ensure you can comfortably manage the higher monthly payments. If the payments are too high, you could experience financial strain and struggle to meet other financial obligations. When choosing a shorter loan term, balance it with your ability to make consistent, on-time payments. ## Use a Broker to Negotiate with Lenders Using a broker can help you negotiate a better interest rate on your loan. This is because brokers have established relationships with the lenders they are accredited with and can leverage this network to negotiate a better interest rate on your behalf. By using a broker for your loan, you could also access lenders that specialise in the type of equipment you are purchasing, resulting in even lower rates. ## Refinance Your Loan If interest rates have dropped since you took out your original loan, refinancing can help lower your rate. Under refinancing, your existing loan is replaced with a new one at a lower rate. This is an effective way to reduce the amount of interest you pay over the life of your loan. Alternatively, if your credit score has improved since you took out your original loan, you could be able to achieve a lower interest rate by applying for refinance. ## Credit Score Your credit score tells a lender everything they need to know about you. It outlines your financial situation by providing lenders with a measure of your financial health and how responsibly you use and manage credit. The higher your credit score, the lower-risk you are as a borrower, and the lower interest rates you will be able to achieve. Maintaining a strong credit score will make lenders more inclined to offer you favourable rates. If you want to boost your credit score, there are various steps you can take. For example, you can consistently pay your bills on time, only apply for credit when you need it, pay off old debt, reduce the limit on your credit card, consider consolidating your debts, and rectify any errors on your credit report. ## Low Expenses Cutting down on non-essential expenses can help both private and commercial buyers achieve a lower rate on their loan. Having low operational costs or private spending costs can indicate strong financial health to lenders and make them more inclined to offer you a lower interest rate on your loan. Private buyers in the market for a loan should consider cutting down on discretionary spending by tracking monthly budgets, eliminating unnecessary subscriptions, and prioritising savings. Commercial buyers in the market for a loan should consider reducing overhead costs, monitoring cash flow, and negotiating better deals with suppliers. ## Maintain a Low Level of Debt Credit is money you borrow from a bank or lender. The amount that you borrow is your debt. To achieve lower interest rates on future credit applications, it is important to maintain a low level of debt. When deciding whether to lend to you, lenders assess your debt-to-income ratio (DTI) to determine your financial health and risk. Your DTI compares the amount of debt you have to your income, and helps lenders understand how much of your income is already committed to repaying debts. By maintaining a healthy DTI, the more likely you are to qualify for loans with lower rates and more flexible terms. In short, the less debt you have, the stronger your borrowing power and the lower your offered interest rates will be. ## Closing Thoughts Securing a lower interest rate on your loan can make a significant difference in the total amount you repay over time. By comparing lenders, opting for a shorter loan term, using a broker, refinancing when possible, and maintaining a strong credit score – you could save big during the lifetime of your loan. Other factors that can help you achieve a lower interest rate on your loan include having a loan-to-value ratio (LVR) of 80% or less, a steady employment status, and being an owner-occupier. Your LVR is the amount of money you need to borrow to purchase a specific asset, against the value of that asset. In the end, the key to lowering your interest rate is early preparation. Take the time to explore your options, assess your financial situation, and make informed decisions. A great way to understand your monthly repayment capacity is to use an online loan calculator – a free device that provides repayment estimates based on your entered combination of interest rate, loan term, and loan amount. [Check it out online now](/personal-loans/personal-loan-calculator)! **Looking for a personal or commercial loan? Get the lowest interest rates available with JADE Finance.** Our expert brokers are accredited with an extensive panel of 80+ banks and lenders and know exactly where to find the best interest rates for every type of financial situation. Contact our loan specialists [online or by phone](/contact-us) today! **Categories:** Finance --- ### [Affordable Family SUV in Australia 2025](https://jade.finance/blog/affordable-family-suv-in-australia-2025) **Published:** January 23, 2025 **Author:** Publisher **Excerpt:** Whether your main focus is on safety, space, reliability, resale value, or fuel efficiency - there are plenty of options that don’t compromise on quality. Here are our picks for buyers seeking an Affordable Family SUV in Australia 2025. **Content:** Finding a suitable SUV for you and your family doesn’t need to burn a hole in your pocket. There are plenty of affordable makes and models available on the SUV market, boasting spades of important features. Whether your main focus is on safety, space, reliability, resale value, or fuel efficiency – there are plenty of options that don’t compromise on quality. Get behind the wheel of a great, budget-friendly vehicle – here are our picks for buyers seeking an Affordable Family SUV in Australia 2025. ## Hyundai Kona $32,500 – $68,000 ![Hyundai Kona](https://jade.finance/wp-content/uploads/2025/01/Hyundai-Kona.webp "Hyundai Kona - Jade Finance")Apart from a $500 price bump at point of entry, there aren’t a lot of changes to the latest-generation Hyundai Kona from its predecessor. Two other identified changes are leather-appointed armrests on the doors of the Base Kona, and updated badging on the rear of the hybrid variants. Three powertrains options remain for the Kona, including a 2.0litre naturally aspirated four-cylinder, a 1.6-litre turbocharged four-cylinder, a 1.6-litre petrol-electric hybrid four-cylinder and full electric version. Overall, this small SUV is a top choice with a large cargo area, attractive interior, and efficient fuel consumption. Check out more details at [**2025 Hyundai Kona**](https://www.hyundai.com/au/en/cars/suvs/kona). ProsConsEfficient fuel consumption on the petrol variantsPretty similar to predecessorReally good infotainment and connectivity$500 price hike from outgoing Kona despite not much differenceComfortable ride with spacious interiorSome interior materials feel cheap ## MG ZS Hybrid+ $33,990 – $36,990 ![MG ZS Hybrid+](https://jade.finance/wp-content/uploads/2025/01/MG-ZS-Hybrid.webp "MG ZS Hybrid+ - Jade Finance")An important latest-generation launch for MG this year is the ZS. It’s the best-selling small SUV in Australia that has been given a spruce-up in 2025 with more space, technology and hybrid power for the first time. Hybrid models are the only variants on offer until regular petrol variants arrive at a later date. Pricing on the MG ZS Hybrid + is a lot more than the previous ZS which started from $20,990 in its cheapest entry-level form. The price hike can be attributed to the inclusion of modern crash-avoidance safety technology, as well as hybrid power. Check out more details at [**2025 MG ZS Hybrid+**](https://mgmotor.com.au/models/mg-allnewzs/). ProsConsEfficient hybrid engineInterior styling is derivativeSpacious cargo area for priceNo reach adjustment for steering columnGood value for moneySignificant price hike ## Nissan Qashqai $34,390 – $52,590 ![Nissan Qashqai](https://jade.finance/wp-content/uploads/2025/01/Nissan-Qashqai.webp "Nissan Qashqai - Jade Finance")Hitting the market with a comprehensive facelift, ditching its previous chrome grille surround trim and shifting to a wider intake ‘inspired by ancient Japanese armour scales’. In 2025, Qashqai benefits from significant safety upgrades which include a new bird’s eye surround-view camera to allow drivers to visualise the car from any angle. Unfortunately, Australia has missed out on multiple variants of the SUV that are available in Europe. However, the latest-generation Australian 2025 release is still a solid option for a family SUV with a turbocharged 1.3-litre four-cylinder petrol engine. Check out more details at [**2025 Nissan Qashqai**](https://www.nissan.com.au/vehicles/browse-range/qashqai.html). ProsConsNew bold front grill adds to modern designHigher trim levels are expensiveFuel efficient engine depending on variantPerformance of engine not as powerful as rivalsMore composed drive to predecessorNo AWD option, only front-wheel in Australia ## **Mazda CX-3** $30,370 – $38,890 ![Mazda CX-3](https://jade.finance/wp-content/uploads/2025/01/Mazda-CX-3.webp "Mazda CX-3 - Jade Finance")The price-tag has been hiked for the Mazda CX-3 in 2025 as the brand axes its old G20 Sport variant. Now, the range opens at $30,370 before on-road costs for the G20 Pure, which is $3420 more expensive than the 2024 lineup’s entry point. Changes to the G20 Pure include new 18-inch alloy wheels, adaptive cruise control and Smart Brake Support. Additional features increase as the model level does. In terms of safety, the Mazda CX-3 is currently unrated by safety authority ANCAP due to its five-star rating from 2015 expiring – however it does boast important safety features including adaptive cruise control, blind-spot monitoring, rear cross-traffic alert, lane departure warning and more. Check out more details at [**2025 Mazda CX-3**](https://www.mazda.com.au/cars/cx-3/). ProsConsRelatively fuel-efficient for its classRelatively outdated media softwareNice interior tweaking, premium feelBackseats are kind-of tightEngaging handling, responsive steeringCan feel slow on the open road ## **Toyota Corolla Cross** $33,858 – $50,620 ![Toyota Corolla Cross](https://jade.finance/wp-content/uploads/2025/01/Toyota-Corolla-Cross.webp "Toyota Corolla Cross - Jade Finance")A 5-seat SUV with a 5-star ANCAP safety rating – that’s about as interesting as this car gets. The 2025 Toyota Corolla Cross lacks any standout features in the crowded compact SUV market. But it’s practical and comfortable, with a hybrid engine boasting good fuel economy. While it has a spacious and comfortable interior, lots of hard plastics have been used which feel pretty cheap, especially in lower trims. Overall, the Cross is a solid choice for an affordable family vehicle, just not the most exciting in its class. Check out more details at [**2025 Toyota Corolla Cross**](https://www.toyota.com.au/corolla-cross). ProsConsRoomy cargo area for a small SUVReally uninspiring designComfortable and practicalBetter options if looking for something more fun and interesting to driveGenerous list of standard advanced driver assist featuresLess rear legroom than most rivals ## Kia Seltos $29,850 – $41,850 ![Kia Seltos](https://jade.finance/wp-content/uploads/2025/01/Kia-Seltos.webp "Kia Seltos - Jade Finance")Building on Kia’s reputation for dynamic design, cutting-edge technology and powerful aesthetics – the latest generation of the Seltos has set a high benchmark in the crowded small-SUV market. It’s got 4 available trims in Australia – S, Sport, Sport+, and GT-Line. While the S variant is entry-level, it still boasts an extensive kit with alloy wheels, revised styling, and quality interior features at a competitive price point. Overall, the 2025 Kia Seltos remains a solid choice for those seeking an affordable, reliable SUV thanks to its straightforward features and value for money. For more information, head to [**2025 Kia Seltos**](https://www.kia.com/au/cars/seltos/features.html). ProsConsHandles nicely, responds quicklyInterior built to low priceBig and practical bootNo adaptive cruise controlGood driving experienceBuild quality feels cheap ## Mitsubishi ASX $24,490 – $35,240 ![Mitsubishi ASX](https://jade.finance/wp-content/uploads/2025/01/Mitsubishi-ASX.webp "Mitsubishi ASX - Jade Finance")A confirmed arrival later this year is the new-generation Mitsubishi ASX. In the 2025 model, modern styling, advanced tech, and enhanced driving dynamics are expected – marking a significant departure from the current ASX which has been a staple for the brand’s lineup for the past 15 years. Additionally, the 2025 models will bring efficient engine options, including small turbocharged petrol engines and potentially hybrid options. Further details on the new-generation can be found at [**2025 Mitsubishi ASX**](https://www.mitsubishi-motors.com.au/vehicles/asx.html). ProsConsA very affordable SUVDon’t know when it will be releasedA good-looking carLooks a little datedLong warrantyThirsty engine ## GWM Haval Jolion $23,990 – $37,990 ![GWM Haval Jolion](https://jade.finance/wp-content/uploads/2025/01/GWM-Haval-Jolion.webp "GWM Haval Jolion - Jade Finance")A strong blend of style, technology and value is evident in the 2025 GWM Haval Jolion lineup, but it’s not without its drawbacks. While the design of variants in the range is modern and appealing, as well as a tech-rich cabin with decent interior materials – some rivals offer more premium features, interiors and refinement at similar price points. Performance-wise, the Jolion generates adequate power from its turbocharged engines, and the overall comfort of the ride is commendable with plenty of room to improve in later models. Ultimately, the Jolion lineup is a solid choice for families prioritising affordability and safety features. For more details, visit [**2025 GWM Haval Jolion**](https://www.gwmanz.com/au/models/suv/haval-jolion/). ProsConsSpacious interiorThrottle is pretty jerkyAttractive drive-away pricingInvasive safety tech beepsFlexible cargo spaceCabin design is confusing ## Chery Omoda 5 $27,990 – $33,990 ![Chery Omoda 5](https://jade.finance/wp-content/uploads/2025/01/Chery-Omoda-5.webp "Chery Omoda 5 - Jade Finance")An eyecatching design to hit the 2025 affordable SUV market in Australia – the Chery Omoda 5 has a new, lower-priced version with less equipment but stronger value proposition. Introduced as a sharply priced entry-level model, the Omoda 5 doesn’t look much like an entry-level model at all. With a driveaway price below $30,000, the latest-generation is a pretty smart choice for style-conscious buyers on a budget. By progressing to the next model up, buyers will achieve a more powerful engine and all-wheel drive for just over $40,000. For further details, check out [**2025 Chery Omoda 5**](https://cherymotor.com.au/models/omoda-5). ProsConsPremium feel insideBoot and back seat are compactPerformance looks solidNot the best-feeling driveHighly competitive entry-level driveaway pricingOverwhelming functions in touchscreen menu ## Looking to Finance your new car? Get cheap rates with JADE Finance. If you want to feel confident in your decision to finance your car, the only business that should come to mind is [Jade Finance](/car-loans). An enviable reputation in the motor vehicle finance sector, [cheap interest rates](/car-loans/car-loan-interest-rates), and a service tailored to your needs are just a few of the benefits you will receive through our personal and professional finance brokers. We have a large source of options available to ensure you are getting the right loan for you and your car. Made a shortlist of cars that match your specifications? Weed out the ones that exceed your budget by comparing quickly and easily with our [online car loan calculator](/car-loans/car-finance-calculator). Enter the loan amount, loan term and interest rate and receive an invaluable estimate for financial planning. If respect and attention to detail is the kind of service you want, [Request a Quote](/free-finance-quote "Free Finance Quote") with Jade Finance. **Categories:** Information --- ### [Holiday planning? Last minute finance for boats and caravans and new car loans](https://jade.finance/blog/holiday-planning-last-minute-finance-for-boats-and-caravans-and-new-car-loans) **Published:** December 5, 2022 **Author:** Publisher **Content:** We’re only weeks away from Christmas and the traditional Aussie holiday season. There are sure to be those that are still to lock in their plans and those that need to change plans due to unforeseen circumstances. **Changes to holiday plans could result in you looking for last-minute finance for a boat, a caravan or new car loans at cheaper interest rates.** The recent floods in the eastern states have created devastation for those living in the regions and disappointment for those that planned to visit this holiday season. A change of plans may now include buying a boat and heading to the coast. A higher-than-expected airline ticket price or reduced flight availability may cause a change in plans and buying a car or motorbike for a road trip. The hassles of the year may represent the desire for freedom and getting away from it all in the privacy of your own caravan rather than staying in hotels and other accommodation. Or maybe you’re sticking with your original plans but you just haven’t got around to actually actioning the required purchase. Whatever major purchase those holiday plans entail, if they require finance, and especially in a hurry, then talk with us about getting it happening. Our consultants can assist by handling the entire loan sourcing, processing and settlement stages so you can concentrate on sourcing the New Car Loans, bike, boat or caravan – a process that may be tricky with current supply issues. So the more time you have for that and the less time spent on sourcing finance, the better the chances of enjoying the holiday. ## **Finance Options** We handle the full range of consumer finance including:- - [Boat Loans](https://jade.finance/boat-loans) - [Caravan Finance](https://jade.finance/caravan-loans) - [Personal Car Loans](https://jade.finance/car-loans/personal-secured-car-loans) - [Motorcycle Finance](https://jade.finance/bike-loans/motorcycle-finance) For the purchase of new goods, a Secured Loan will be the most suitable for most buyers. The same loan structure applies across the different categories for secured loans. The standard features of our secured loans include: - The goods are accepted as security against the loan by the lender. In most instances, no additional security would be requested. - A fixed interest rate which remains fixed for the full loan term. So even when the [RBA](https://rba.gov.au/) announces further rate rises, the rate on the loan and the repayments remain unchanged. - The cheapest interest rate is sourced from across our extensive lender accreditations. - The loan term is fixed and negotiated as best as possible to suit our customer’s requirements. - The repayments are fixed so our customers can budget and plan other purchases. - Additional payments are permissible if desired, to pay off the loan earlier. Fees may apply if this occurs. ## **Getting New Car Loans** **Quickly** Our broker-style lender services provide significant time-savings for our customers as well as securing the cheapest interest rates. When individuals approach loan sourcing on their own, it can be a timely and confusing process to get quotes from sufficient lenders to be confident they have sourced the best offer. If the finance is for a last-minute purchase, that time may not be sufficient. Our consultants handle sourcing the quote, getting fast approvals and even assisting through to the final stage to ensure prompt settlement. The same interest rates would apply to an offer, regardless of if the loan is required quickly or according to normal time frames. Customers can contribute to hastening the process with our checklist of tips and hints. ## **Applying for Finance: Checklist** - Establish a clear idea of what you can afford in loan repayments and source the boat, bike, car or caravan that is in line with your expectations. Our finance calculators are great for this purpose. - Use the [personal finance calculator](https://jade.finance/personal-loans/personal-loan-calculator) to get rough repayment estimates ahead of committing to a purchase to save shopping time. Be sure to use the appropriate calculator and interest rate for the loan required. - When using a calculator, remember that interest rates advertised may vary from what you are offered. Working up estimates at slightly higher rates may prevent surprises if a higher rate is offered. - Allow a little extra in the loan amount above the price advertised by the dealer. This may be required if accessories are required, additional rego, optional extras etc. We note that in some ride away pricing for some motorcycles, the price only includes 6 months and not 12 months of rego. The price is higher for the full first year of rego. - With boat purchases, extra safety equipment such as compliant life jackets may be needed as may bait boxes, bimini tops, extra covers or a higher rated outboard motor. - For caravans, buyers may want to add extra water tanks or solar power to be self-sufficient for stays at free camping sites or in more remote areas. - Prepare as well as possible for the requirements of the loan application. Consumer finance is regulated by [ASIC](https://asic.gov.au/) and as a Licensed Credit Provider, we are required to meet those regulations. That includes requesting a range of documents and details from loan applicants. - Gather your paperwork – income/pay slips, bank statements, list employment and residential history, prepare a personal balance sheet of what you owe and what you own so you are ready to complete the loan application form on the first discussion with our consultant. All this preparation can increase the speed at which we can process your application. In addition, the more detailed information we have on your financial position, the better position our consultants will be in to negotiate on your behalf for cheaper interest rates. So if last minute holiday plans require last minute New Car Loans or looking to purchase a boat, bike or caravan, contact us to get the road trip or water adventure underway. **Contact Jade Finance 1300 000 008 for last minute finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Will the new vehicle efficiency standard – NVES, affect car finance?](https://jade.finance/blog/nves-impact-car-finance) **Published:** January 20, 2025 **Author:** Publisher **Excerpt:** The NVES is Australia’s New Vehicle Efficiency Standard which establishes targets for emissions on new cars for manufacturers to meet, with penalties applicable. **Content:** The NVES is Australia’s New Vehicle Efficiency Standard which establishes targets for emissions on new cars for manufacturers to meet, with penalties applicable. This new Standard is seen as one of the biggest changes to Australia’s new vehicle market in decades. The Standard came into effect on January 1 this year and, understandably, buyers planning new car purchases may have concerns about how it will affect their purchase and their finance. The effects are set to primarily change the range of EV or ‘clean’ vehicles which are available in the Australian market, while many petrol and diesel models may disappear where manufacturers face fines for not meeting the emissions target across their ranges. The Standard aims to reduce vehicle emissions in Australia. The emissions are averaged across the range of each manufacturer so the greater number of low-emission models in the range, the better the prospect of the brand meeting target and avoiding a penalty. Where the target is not met, fines will be imposed on the manufacturer, not on the buyer. The Standard is aimed at increasing EV sales and encouraging brands to bring more low-emission models into the local market. Buyers will then have more choices than currently available when it comes to buying a low-emission vehicle. Australia has been behind the global trend in this area and this Standard brings us in line and presents new car buyers with a way to save on their fuel costs. But with fines applicable, the Standard is seen by some as potentially increasing the price of high emission models, some of which are Aussie favourites. There are reports that at least some manufacturers will have to pass on their increased costs imposed with the fines to buyers. It is expected that brands will axe some high emission models from their line-up in order to meet targets. There is a lot for new car buyers to unpack with this change and we provide a basic explainer of some of the key aspects to clarify the situation for buyers. Be assured that car loans and motor vehicle finance products are not affected by this change and buyers are not fined for buying petrol and diesel models. But the Standard is set to have an effect on our choices of new cars and potentially on the price. ## New Vehicle Efficiency Standard Overview NVES applies to new vehicles that are sold in the local market and set CO2, ie emissions, targets. The targets differ for passenger and light commercial vehicles less than 4500kg GVM. Each model in the range of each brand is checked when the model is introduced and annually. The average for emissions of all models is calculated to establish if the manufacturer is meeting their target. In order to achieve their target, brands will need to include a larger number of low emissions compared with ‘dirty’ fuel vehicles. The targets and assessment process only applies to brand new models, not to the second-hand market and not to vehicles that are currently owned. There are many aspects to the Standard and [the Government has set up a website](https://www.infrastructure.gov.au/infrastructure-transport-vehicles/vehicles/new-vehicle-efficiency-standard) to explain the details and address questions for car owners and buyers. ### Car Choices Under New Vehicle Efficiency Standard When it comes to selecting a new car to purchase, buyers are likely to see changes in the range of models available, especially in low-emission options. Manufacturers have known about the introduction of the new Standard for some time, and we are seeing a number of new brands and models being released. Buyers can expect to see more EVs with models not previously launched in Australia becoming available. Current ranges including the very popular utes such as the [HiLux](https://www.toyota.com.au/hilux) and Ranger will not be banned from sale. But brands will need to better balance their line-up with both low and higher emission options to avoid penalties. Some models may disappear from the market, so be prepared to be open-minded when it comes to choosing your next car. The wider selection can provide buyers with the opportunity to test drive brands and models not previously considered and to give more serious thought to going with an EV or hybrid. The penalty system will be phased in and as fines are applied to manufacturers, buyers are likely to see increases in the prices of some models from some brands. Buyers are not fined, but brands will likely want to cover their increased costs with the fines with increased pricing. Upgrading sooner rather than waiting may be a smart move. Pricing on EVs may become more competitive and more affordable models may become available than currently in the local market. Pricing has long been considered an obstacle of EV take-up in Australia. To help with selecting a vehicle where financing is required, use our [Finance Calculator](/car-loans/car-finance-calculator) to compare models with different prices. ### Finance Impacts of New Vehicle Efficiency Standard This significant change to the new car market will not affect the [personal car loan](/car-loans/new-car-finance) and business vehicle financing products available. The same features, tax benefits and interest rates will continue to apply. What may affect financing for some buyers is if the price of their vehicle of choice increases. This may increase the loan required and place even greater importance on achieving our [highly competitive interest rates](/car-loans/car-loan-interest-rates). **For competitive rates on personal and business car financing, contact Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Fund those NY resolutions with affordable personal loans](https://jade.finance/blog/fund-new-year-goals-loans) **Published:** January 6, 2025 **Author:** Publisher **Excerpt:** Jade Finance assists individuals to fund new year goals with affordable personal loans for cars, boats, motorcycles, RVs, weddings, holidays and other purposes. **Content:** What are your new year resolutions and goals? Buy a new car, get into boating, take a bucket-list holiday, get married, carry out home improvements, upskill with training? While setting goals can be motivational and inspirational, achieving those ambitions can often require finance. Jade Finance assists individuals to fund new year goals with affordable personal loans for cars, boats, motorcycles, RVs, weddings, holidays and other purposes. Using our finance broker services is available to individuals requiring a loan for a wide range of purposes and purchases. Utilising our expertise and vast lender connections, individuals receive specialist support to secure finance at competitive rates which may make those resolutions and goals far more realistic and achievable than you think. Consider the options available and connect with us to discuss your specific objectives. ## Eligibility for Personal Loans Before booking that holiday or wedding venue or placing a deposit on that new boat, first check that you are eligible for a loan. Finance for personal purposes as opposed to business finance, is known as Consumer Credit. This is a sector of the finance market which operates with guidelines overseen by [ASIC](https://www.asic.gov.au). Credit providers must adhere to these guidelines in approving finance. Eligibility requirements include being over 18 years of age, having employment or regular source of income, residence in Australia and ID. Applicants will be required to provide verifiable details and documents such as bank statements, pay slips, tax returns, driver licence and other ID, etc. For more information on eligibility connect with us for confirmation. ## Secured Personal Loans A [secured loan](/personal-loans/secured-personal-loans) is credit which uses the goods being financed as the collateral for the loan. This type of loan is typically used to finance cars, boats, motorbikes, caravans and other goods which can be used as collateral for a loan. The lender will need to approve the goods as suitable collateral. Most new goods will be acceptable but used goods will need to be assessed. With lenders having the goods as security, they may approve higher borrowing limits on secured credit which may provide for a lower deposit. The amount that an individual will be approved to borrow is referred to as their credit limit. This is determined by the lender assessing the financial position and credit score of the applicant. This in turn can determine what deposit the buyer needs to make on the purchase. Compared with an unsecured loan, secured credit attracts lower interest rates. Interest rates are fixed and the repayment term also fixed. This results in a fixed schedule of monthly loan payments. Allowing for streamlined budgeting to make your purchase. When considering a Secured Car Loan, Boat Loan, Motorbike or RV Loan, borrowers should be aware that insurance will be required on the goods. ## Unsecured Personal Loans If NY goals include expenditure for purposes not considered suitable as loan collateral, an [unsecured loan](/personal-loans/unsecured-personal-loans) may suit the purpose. This type of credit can be used for many purposes including holidays and travel, weddings and other milestone events, home improvements not eligible for construction loans, educational and medical expenses, and household goods such as furniture and electronics. With the purpose of the finance not available to secure the loan with collateral, this type of credit attracts a higher interest rate than a secured loan. Rates may be fixed or variable, depending on individual lenders and preferences. Credit limits may apply, subject to individual lender guidelines. An unsecured loan can provide a flexible funding option with no break fees applicable if the loan is paid out before the end of the term. To discuss if this type of credit is a workable option to fund your goal, request a quote. ## Achieving Goals with Best Personal Loan Rates Affordably achieving those goals with credit may depend on being offered the best interest rate on your loan. Rates vary with different lenders and with different lending products and with the individual specifics of each applicant. Individuals may improve their prospects of being offered their best rate by addressing the credit score and personal balance sheet before applying for credit. Good credit scores attract the best interest rates, which is critical to achieving the most affordable loan. How is your credit score? Individuals can request a copy of their Credit Report to review the entries and see if there are any errors that could be fixed to improve their rating. The steps required to do this are available on the [Moneysmart](https://www.moneysmart.gov.au) website. Now to the personal balance sheet. That is what is owed and what is owned by an individual. This can affect the credit limit approved by a lender for a new loan. Consider paying off other debts, including credit cards, to reduce liabilities and improve the balance sheet. ## Budgeting for Personal Loans To prepare a budget to fund those 2025 goals, use our [Finance Calculator](/personal-loans/personal-loan-calculator) to work up loan repayment estimates. This tool can be used to calculate estimates on all types of credit by using the applicable interest rate. Estimates may be used to establish initial budgets, consider feasibility of proceeding, and to compare different goods to purchase. For a quote specific to your requirements, contact us to find you the best rates on a loan to suit your purpose. **For affordable personal loans to fund your 2025 goals, contact Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [6 Important Differences of Low Doc and Full Doc Loans](https://jade.finance/blog/6-important-differences-of-low-doc-and-full-doc-loans) **Published:** June 17, 2024 **Author:** Publisher **Content:** ## The Lowdown When assessing your home, personal, or business loan application, the key thing lenders look for is proof that you are going to be able to comfortably repay the loan you are applying for. Depending on whether you are wanting to secure a low doc or full-doc loan will determine how much financial information you need to provide as part of the application. ‘Low doc’ and ‘full doc’ are terms that might seem confusing at first glance, but make sense very quickly. The truth is, the meaning of low doc and full doc is just as simple as the names suggest. Low doc means loans that require less financial documentation, and full doc means loans that require comprehensive documentation. However, there are a few other nitty gritty details to be aware of when choosing the best loan option for you. Here are 6 important differences of low doc and full-doc loans: ### 1. Documentation The main difference between a low doc and full doc loan is of course the amount of documentation that is required for each loan type. This documentation is used to prove your income and the serviceability of the loan. Low-doc loans require less financial documentation to prove your income, assets and liabilities. This loan type will typically be used by people who are [self employed (sole-traders)](https://jade.finance/business-loans/sole-trader-loans), or by small businesses and often at times the business operator don’t have all the documents required for a full doc to get a [car loan](https://jade.finance/business-loans/abn-car-loans), [equipment loan](https://jade.finance/equipment-loans/equipment-finance-broker) or [truck finance](https://jade.finance/truck-loans/truck-finance-interest-rates). Although each lender will have slightly different low doc loan requirements, the main documents you (the borrower) may need to provide are business and personal bank statements, a letter from your accountant, your ABN, GST registration, Business Activity Statements, and your tax returns if they are available. A full-doc loan on the other hand, otherwise known as a standard-doc loan, requires comprehensive financial documentation to prove your income when applying for a loan. It is a type of mortgage where you (the borrower) must provide full documentation to validate your income, assets, and liabilities. For a full-doc loan, the documents that lenders may require you to provide include proof of income, asset verification, credit history, employment verification, and identification. ### 2. Eligibility Another key difference between low doc and full doc loans is the eligibility criteria. [A low doc loan](https://jade.finance/blog/low-docs-loan-options) will typically be the best option for you if you’ve been in a business for less than two years, or if your income is seasonal or irregular. Low doc loans may also be recommended if your income is from combined sources, or if you have recently switched industries or employment type. Eligibility for a full doc loan will require the borrower to have a stable, verifiable income and employment history. The benefit of qualifying for a full doc loan is that you will be able to borrow more. ### 3. Interest Rates and Fees Interest rates for low doc and full doc loans are assessed based on the level of risk the borrower represents for the lender. Due to the minimal documentation provided to the lender for low-doc loans, this loan-type will have a higher interest rate than full-doc loans because more risk is involved. Low-doc loans are also often unregulated and may culminate in you paying higher fees in addition to more interest, and lenders may also require you to take out additional lender’s mortgage insurance. Due to the extensive documentation provided for full-doc loans, this loan type is favored by lenders because it is less risky than low-doc loans, meaning borrowers will often be able to secure lower interest rates and fees. ### 4. Approval Process The fourth important difference between a low doc and full doc loan is the time it takes to be approved for each. Due to the comprehensive amount of documentation required for full doc, the approval process can be time-consuming for borrowers and take significantly longer than low doc. When considering the timeline for approval of a low-doc loan, the answer can often be ambiguous. However, at Jade Finance we can settle [low doc loans](https://jade.finance/business-loans/no-low-doc-loan) on the same day, and full-doc loans within a few days to a week, depending on the lender. ### 5. Loan Size and Term When borrowing money, the size and term of a loan is an important factor. For a low-doc loan, a borrower can expect to receive a smaller loan amount and shorter loan terms. This is, again, based on the risk to the lender due to minimal documentation. For a full-doc loan, a borrower will be offered much greater flexibility in the loan size and term because of the comprehensive documentation provided by the borrower. ### 6. Risk Assessment As lightly touched on throughout this guide, a sixth important difference between low doc and full-doc loans is the risk assessment. Due to the requirement of less documentation for a low-doc loan, it should be unsurprising that this type of loan carries more risk. Full-doc loans on the other hand, go through a comprehensive and time-consuming process to verify a borrower’s income and ability to repay. Therefore, full-doc loans are lower risk and are able to offer better terms than low-doc loans. ## Wrap-Up To settle this guide, we have outlined six differences between low and full-doc loans which include documentation, eligibility, interest rates and fees, the approval process, loan size and term, and risk assessment. When determining which loan type to apply for, it is important to understand the differences to ensure you are getting the best financing for you and your business needs. ## Compare rates and repayments for low doc car loans at JADE Finance. Why? [Jade Finance](https://jade.finance/) is accredited with bank and non-bank lenders that can be more flexible and offer cost-effective low-doc loans. With every application assessed individually, our lenders apply different conditions to help you get the best deal available. Let our brokers negotiate the best interest rates and conditions for you by calling 1300 000 008 or [**Request a Quote**](https://jade.finance/free-finance-quote). **Categories:** Finance --- ### [How Should I Finance My Commercial Vessel?](https://jade.finance/blog/finance-commercial-vessel-options) **Published:** December 3, 2024 **Author:** Publisher **Excerpt:** Explore the best financing options for your commercial vessel purchase: Chattel Mortgage, Hire Purchase, or Boat Lease. Find the right solution today. **Content:** Buying a new commercial boat is a big decision for a business. And with numerous financing options on the marine lending market, it can also be difficult to determine the best way to buy your new vessel. In this guide we will outline the three main financing options you can select for your boat purchase – Chattel Mortgage, Commercial Hire Purchase, and Boat Lease. Our expert [Jade Boat Loan brokers](https://jade.finance/boat-loans/boat-loan-broker "Boat Loan Broker") have a vast list of 80+ banks and lenders at their fingertips. Secure the best rate on the commercial marine lending market by engaging us to compare the extensive range of rates and terms for you. As professional brokers, we work for you and we use our strong negotiating skills and bargaining power to get you the best rates possible. 1. [Chattel Mortgage](#aioseo-chattel-mortgage) 2. [Commercial Hire Purchase (CHP)](#aioseo-commercial-hire-purchase-chp) 3. [Boat Lease](#aioseo-boat-lease) ## Chattel Mortgage Used for many business structures and a vast number of boat acquisitions, [chattel mortgage](https://jade.finance/business-loans/chattel-mortgage "Chattel Mortgage") is the most popular commercial finance facility on the commercial market. With this commercial finance facility, the lending company takes a ‘mortgage’ over the boat until the loan is completely finalised by the borrower. The lender’s interest in the boat (aka the chattel) is then registered with the Personal Property Security Register. It is essentially a loan that is secured against a movable asset. The main difference between a chattel mortgage and a traditional mortgage is that traditional mortgages are used to finance immovable properties like houses or land. With Chattel Mortgage, the borrower takes ownership of the boat at the time of initial purchase and signing of the loan agreement. They will then make monthly repayments for the term outlined in the finance contract. If a borrower defaults on their loan, the asset can be repossessed by the lender. AdvantagesDisadvantagesLower interest ratesLender can repossess assetFlexible repayment termsHigher monthly payments than some other loan typesNo need for large depositHigher interest rates than some other loan typesImmediate access to assetBalloon payment at end of loan term## Commercial Hire Purchase (CHP) Used to facilitate the purchase of expensive business assets, like boats, [Commercial Hire Purchase (CHP)](https://jade.finance/boat-loans/commercial-hire-purchase "Commercial Hire Purchase") is suited to a vast range of businesses. Whether your business is a large fishing operator, a small fishing business, a marine salvage and repair operator, ferry operator, charter vessel owner, boat and houseboat rental business, or other marine business operation – CHP could be a fantastic financing option for your new asset. Suitable for the purchase of single vessels or multiple vessels, or the refinancing of an existing boat loan, CHP involves the lender purchasing the boat on behalf of the borrower. Then the lender essentially ‘hires’ the vessel back to the borrower at the agreed monthly loan repayment amount. For the duration of a CHP loan, the lending company will hold ownership over the boat for the term of the hire (loan) agreement. Throughout the loan term, the borrower retains use of the boat and is responsible for the maintenance and operating expenses of the vessel during that time. CHP allows businesses to utilise essential assets to generate revenue, even if they’re still in the process of purchasing them. **Advantages****Disadvantages**Spread our cost of high ticket items Total cost can be higherOwnership at end of termOwnership only after final paymentImmediate use of assetCommitment to fixed monthly paymentsRelatively easy financing to obtainGenerally involve lengthy terms of 3 – 5 yearsFixed interest rateWorkable terms and repayments## Boat Lease Businesses wanting to acquire a boat while keeping it off their balance sheet, may choose a [boat lease](https://jade.finance/boat-loans/boat-lease "Boat Lease") to finance their marine purchase. Boat lease is a good financing option for the purchase of a variety of new and second-hand vessels, from dealers, private sellers, or auctions. Boat lease is a commercial finance facility that involves a business having complete use of the boat during the loan term while the lender holds ownership. In this circumstance, the lender effectively leases the boat back to the business, the borrower. After all the monthly payments and residual have been settled, the ownership of the boat will transfer to the business. A key benefit of a boat lease is that during the lease term, the boat will not appear on the business’ balance sheet as an asset/liability. The monthly payments instead appear as an operating expense. **Advantages****Disadvantages**Affordable down payments Lender retains ownership during leaseNo repair and maintenance costsPotentially higher long-term costsLender ownership retentionRestrictive lease terms and conditionsOff Balance Sheet BenefitPotential extra fees and chargesEnd-of-lease OptionsTax deductible leasing payments*To determine which finance product is best suited to both the boat you are purchasing and your business structure, our expert marine finance brokers recommend consulting with your accountant.* **To find the most compatible and cheapest boat loan rates based on your needs and responsibilities, reach out to Jade Boat Loans.** Our team brings your boating dream to reality with better finance options for your leisure and recreation vessel. For consumer recreational use we offer secured lending and unsecured loans. For marine businesses we provide the full suite of commercial [marine financing products](https://jade.finance/boat-loans/commercial-boat-finance "Commercial Boat Finance"). With strong bargaining power across a wide selection of banks and lenders, our brokers have the advantage of assessing and comparing the top lenders and identifying who is offering the best deals. Let us negotiate on your behalf for the best deal. [Call us on 1300 000 008](tel:1300000008), or [request a quick quote](https://jade.finance/free-finance-quote "Free Finance Quote") online. **Categories:** Finance --- ### [Why You Should Finance Your Farm Equipment Instead of Buying](https://jade.finance/blog/financing-your-farm-equipment) **Published:** December 3, 2024 **Author:** Publisher **Excerpt:** Discover why financing your farm equipment is a smart choice for farmers. From lower monthly payments and tax benefits to preserving working capital, financing helps you get the machinery you need without the upfront cost. **Content:** When it comes to farming, having the right equipment is essential. However, buying equipment outright can be a huge expense. That’s why many farmers choose finance. ## What is Equipment Financing? Equipment financing is a funding option for businesses to acquire expensive gear without the need for an upfront payment. Through Jade Finance, businesses can get some of the best financing deals possible thanks to our extensive range of banks and lenders. The biggest drawcard of equipment financing is that businesses can get the equipment they need by making regular payments over a period of time. Financing can include the total cost of the equipment or just a portion of the cost. ## Benefits of Financing Farming Equipment Reliable and efficient farm machinery is at the heart of a successful farming business. This machinery can range in size and expense and can include tractors, harvesters, feeders, utility vehicles, greenhouse equipment, fencing and enclosures, sprayers, and ventilation and lighting systems. In this guide, we’ll outline six reasons why you should choose to finance your new farming equipment. ### Lower monthly payments Arguably one of the most incremental parts to financing your farming equipment, is the fact that it lowers your monthly payments. Not only does this free up extra cash each month, it allows you to use it for other necessary business expenses. This can be especially beneficial during off-seasons or times when your cash flow may be tight. Additionally, lower monthly payments can help you manage your finances more effectively, ensuring you have enough funds for unexpected expenses. ### Flexible repayment options When you finance your farm machinery, a key benefit is that you’ll receive several repayment options to choose from. This promotes greater flexibility in tailoring the loan to your specific financial situation. You can select a repayment plan that aligns with your income patterns, such as seasonal payments that match your harvest cycles. ### Avoiding large upfront cost The main reason farmers may choose finance is so they can spread the cost of the purchase over time, rather than needing a large sum of money all at once. This is helpful for farmers who need to replace a variety of machinery at the same time, or if they’re strapped for cash. Financing allows you to invest in necessary equipment without compromising your working capital, ensuring the farm remains operational and competitive. ### Tax benefits Come tax time, you may be able to save a significant amount of money. Depending on the type of finance you secure, the interest you pay on your loan could be tax-deductible. This is a huge benefit because not only does it reduce your overall tax liability, but it frees up funds for you to reinvest in your farming operations. Additionally, some financing arrangements may allow you to deduct depreciation on the equipment, contributing to even further tax relief. ### Preserve working capital The unpredictable nature of farming, due to weather patterns and fluctuating crop prices, can cause many farmers to experience cash flow shortages. However, when you finance your farm equipment, you’ll be provided with the benefit of preserving working capital. This is because you won’t have to tie-up all of your cash in one purchase, allowing you to spend it elsewhere. ### Get the equipment you need now The main objective of financing is to get your business new equipment immediately and then pay for it as you generate income. This allows you to start using the machinery right away, contributing to productivity and efficiency. Providing immediate access to equipment is important for timely operations to ensure a farm remains competitive and can effectively meet market demands. ## Purchasing Equipment Outright Upfront payments, limited cash flow, depreciation, and the significant strain on maintenance and upgrades are just some of the downfalls of purchasing your equipment outright. When deciding between equipment financing and purchasing equipment outright, businesses should consider their financial situation, long-term goals, and the specific needs of their business. By considering the below factors, farmers can make a more informed decision about whether to finance. - Cost of the equipment. - Tax implications. - Expected life of the equipment. - Cash flow needs of your business. - Maintenance and upgrade cost. ## What Type of Equipment Financing Should I Use? Once you’ve decided to finance your new farming equipment, the next thing to consider is the type of finance you want to secure. Equipment financing at Jade includes chattel mortgage, equipment lease, equipment rental, and commercial hire purchase. **Chattel Mortgage** - Fixed interest rate for the duration of the loan. - Fixed monthly repayments Interest portion of the monthly repayments is usually fully tax deductible as a business expense. - Depreciation on the equipment is accounted as a tax deduction. **Equipment Lease** - Fixed interest rate for the full term of the asset lease. - Fixed loan term Lease terms normally from 1 year to 7 years. - Fixed monthly repayments. - Fixed residual amount, payable at the completion of the asset lease term. - GST charged on the monthly lease payments and residual (when paid) is claimed by the borrower. **Equipment Rental** - Fixed interest rate Fixed monthly repayments. - Flexible terms of up to 6 years GST can be claimed by the borrower on the monthly repayments. - Monthly payments are tax deductible as a business expense. **Commercial Hire Purchase** - Fixed interest rate. - Fixed monthly repayments Terms from 1 year to 7 year. - Monthly payments are tax deductible as normal operating expenses. - GST doesn’t apply to the monthly payments or the residual. - Ownership of the asset is with the lender. - Ownership is normally transferred at completion of the loan. ## **Farming equipment finance is ‘in our DNA’. Get in touch with our team at JADE Finance today.** As the go-to finance broker when it comes to getting a great deal for the full range of farming equipment – Jade Equipment Finance has a number of [loan options for Australian Businesses](https://jade.finance/business-loans "Business Loans") that could work for you. We have several expert brokers who operate exclusively in this sector and have done so for a very long time. Our list of lenders is extensive and we will work hard to source you the very best deal available – from [tractor finance](https://jade.finance/equipment-loans/tractor "Tractor Loans"), [agricultural farm machinery loans](https://jade.finance/equipment-loans/farm-equipment-loans "Farm Equipment Loans"), [diggers](https://jade.finance/equipment-loans/earthmoving-equipment-loans "Earthmoving Equipment Loans"), [excavators ](https://jade.finance/equipment-loans/excavator-finance "Excavator Finance")and more. To talk to one of our experienced brokers, [call us on 1300 000 008](tel:1300000008) or [Request a Quote](https://jade.finance/free-finance-quote "Free Finance Quote"). **Categories:** Information --- ### [Our Tips for Getting the Best Car Loan Rate](https://jade.finance/blog/getting-the-best-car-loan-rate) **Published:** December 3, 2024 **Author:** Publisher **Excerpt:** Discover how to secure the best car loan rate with our tips. Learn how improving your credit score, comparing loan options, and negotiating terms can save you money. **Content:** Last year, around 480,000 buyers likely accepted higher rates on their car purchase than they needed to. Why? Because they opted for dealership financing without exploring their other options. By choosing to accept a deal offered by your dealership, you could be accepting higher interest rates and far less flexible loan terms compared to other financing options. By comparing different lenders and their rates, you can find a loan that not only meets your financial needs but also offers the most competitive rate available. When you take the time to research and compare interest rates, you can save a substantial amount of money over the life of your loan. In this guide, we will provide you with practical tips and strategies to help you secure the best rate on your car loan. ## Getting the best car loan rate: What’s the big deal? Because car financing will typically involve a shorter loan term, many borrowers will assume the interest rate is less important. However, even small differences in interest rates can cause significant effects on the total cost of a loan. To secure the best car finance possible for your financial situation, there are number of steps you can take: ### Improve your credit score When determining what interest rate to offer you, the first thing a lender will look at is your credit score. To make sure you are best representing yourself, start by making sure your credit history details are correct and that any issues or incorrect information is rectified quickly. After this, you should pay off any existing debts and avoid applying for new credit applications as these will cause your credit score to dip. ### Compare different loan products Although tempting, don’t accept the first offer presented through your dealership. It may seem easier, or like a good deal, but it’s important to compare a variety of loan products through a range of lenders. When considering a deal, look at the interest rate, as well as the loan terms, fees and charges. ### Negotiate for better loan terms When you negotiate with a lender, you may be able to secure a better loan term. An example of this is if you requested a shorter loan term to reduce your overall amount of interest, and possibly reduced interest fees. ### Beware of Balloon Payments A ‘balloon payment’ means you will pay off part of your loan as regular repayments, then pay a final lump sum amount at the end of your loan term. Although this seems like a good deal because it lowers your monthly payments, you’ll have to repay the lump sum with interest. This will often mean the total cost of your loan will be higher. ### Secured vs unsecured Most car loans are secured, with the car itself used as collateral. If you don’t pay the loan back on time, the lender can repossess your car and sell it. Due to this security, you will often be able to secure a lower interest rate. With an unsecured loan, you won’t have to provide your car as security, but the interest rate will be higher. ### Ask a broker for help The easiest way to secure the cheapest car loan rate on the market is by contacting one of our experienced Jade Finance brokers. By using our brokers, you’ll receive next-level loan comparisons from a range of 80+ banks and lenders. By coming directly to us, we’ll negotiate for the best deal on your behalf. ## Closing thoughts Although acquiring a loan through a dealership is more convenient, they will often have higher interest rates and less flexible terms. When seeking a loan, it is essential to compare various loan products to find the most competitive one for your financial needs. It is important to remember that small differences can make a big impact on your total loan cost. By improving your credit score, negotiating terms, and considering secured or unsecured loans, you can boost your chances of acquiring the best rate. **To Get the Best Car Loan Rates in Australia, Talk to Jade Finance.** If you want to feel confident in your decision to finance your car, the only business that should come to mind is Jade Car Loans. An enviable reputation in the motor vehicle finance sector, [cheap interest rates](https://www.jadecarloans.com.au/car-finance-interest-rates), and a service tailored to your needs are just a few of the benefits you will receive through our personal and professional finance brokers. We have a large source of options available to ensure you are getting the right loan for you and your car. If respect and attention to detail is the kind of service you want, [Request a Quote](https://jade.finance/free-finance-quote "Free Finance Quote") with Jade Car Loans today. **Categories:** Finance --- ### [Why You Need a Hybrid Camper](https://jade.finance/blog/why-you-need-a-hybrid-camper) **Published:** December 3, 2024 **Author:** Publisher **Excerpt:** Hybrid campers combine the luxuries of a caravan with the compact design of a camper trailer, offering versatility, comfort, and easy towing. Discover why they’re perfect for modern-day explorers. **Content:** If you’re looking for the freedom to travel more easily, explore diverse destinations, and enjoy comfortable and flexible camping experiences – researching hybrid campers could mean you’re on the right path. Providing a range of advantages, a hybrid camper is a highly desirable choice if you want to combine the luxuries of a caravan with the compact design and abilities of a camper trailer. Offering a versatile, lightweight, spacious, convenient, and flexible camping option – hybrid campers are becoming a popular choice in the leisure-vehicle market. ## But what exactly is a hybrid camper? Resembling a standard trailer or mini caravan when on the road, a hybrid camper trailer is typically compact, lightweight, and as wide as a four wheel drive or ute. With its ability to be towed off road as well as on freeways and highways, hybrid campers are becoming a top option for travellers looking for mobility, comfortable travel, quick set up and pack down, and adaptability. Hybrid campers feature mesh/fabric pop-outs from the front, rear and sides of the camper, as well as pop-top roofs that create extra space inside. Hybrid campers also include outside kitchens, sleeping areas with beds and couches, sometimes showers and toilets, as well as a large amount of storage. However, the exact inclusions of each hybrid camper will vary from manufacturer to manufacturer. ![A parked Jayco Starcraft hybrid camper is being towed by a Toyota Prado 4WD on a family holiday.](https://jade.finance/wp-content/uploads/2024/12/hybrid-camper-and-4wd-1024x576.webp "Hybrid Camper and 4WD - Jade Finance")## Why Camping and Outdoor Enthusiasts Will Love a Hybrid Camper While traditional camper trailers offer more comfort and convenience than a tent – they can’t really compare to caravans which are like mini homes on wheels. However, caravans are much more limited, with off-road adventures generally out of the question. Which is why the popularity of hybrid campers has been steadily increasing in recent years, offering easier towing and greater access to Australia’s most beautiful and remote areas. Whether you’re travelling as a family, in a couple, with friends, or alone – a hybrid camper is up there as a solid choice. Some of the advantages a hybrid camper provides include: - Extra security with lockable design. - Access to showers and toilets. - Comfort of couches, queen-sized beds, tables, and kitchen. - Extendable design for living space inside. - Perfect for all weather including sun, wind, and rain. - Heavy duty brakes, independent suspension, shock absorbers. ## An Ideal Solution for Modern-Day Explorers If you’re yearning for a blend of comfort, convenience, and adventure in your camping experiences, hybrid campers are an ideal solution for modern-day explorers. Below are some of the key benefits hybrid campers provide, outlining exactly why they’re becoming the go-to choice for campers seeking a blend of comfort and adventure. ### Versatility Hybrid campers combine the features of traditional camper trailers and pop-up campers. They often have hard sides like caravans for better insulation and protection, with fold-out tent sections for extra space. ### Lightweight Hybrids are generally lighter than caravans, making them easier to tow with a wider range of vehicles. This can save greatly on fuel costs. ### Spaciousness Despite their compact size when towed, the fold-out sections of hybrid campers expand the living area significantly when set up. ### Affordability Hybrid campers will often cost less than caravans while still offering similar luxuries. This makes them a bit more budget-friendly for those looking to enjoy the comforts of a camper without the high price. ### Convenience In a hybrid camper, the modern amenities like kitchens, bathrooms, and air conditioning make camping much more comfortable. The hard-sided parts also provide additional weather protection and security compared to tent camping. ### Easy Storage Because they are compact in size, hybrid campers are often easier to store when not in use. They are generally able to fit in smaller spaces. ### Flexibility The design of hybrid campers generally allows greater flexibility in choosing campsites because they can fit into spaces that larger caravans and camper trailers cannot. This can provide more options when selecting camping spots. ## Looking to Finance A Hybrid Camper? Jade Finance Has a Wide Variety of Loan Options Available. If caravan finance is at the front of your mind, get in touch. You’ll be partnered with a Jade Finance expert consultant who can provide more specific details on the key aspects of each leisure product financing type and explain how it would work in your situation. Experience why we are Australia’s leading specialist in leisure lending via our method for ease of application, long list of lenders, simple process, and quick turnaround times. To make the right choices on your financial needs, discuss your leisure product today with a Jade Finance consultant by [calling 1300 000 008](tel:1300000008) or [request a free quote](https://jade.finance/free-finance-quote "Free Finance Quote"). **Categories:** Information --- ### [How YOU can beat the bank on your next loan](https://jade.finance/blog/how-to-beat-the-bank-on-your-loan) **Published:** December 3, 2024 **Author:** Publisher **Excerpt:** Discover how to beat the bank on your next loan. Use a broker to access better rates, terms, and negotiation power for tailored financing solutions. **Content:** Banks are notorious for their rigid lending criteria, high interest rates, and inflexible terms. Unfortunately, the prominence of their name in the financial sphere misleads many borrowers who turn to them for familiarity and reliability, saddling them with increasingly high costs on their loans. With less incentive than brokers to shop around for the best deals on behalf of their customers, suboptimal loans are a stark reality for many borrowers. If you’ve found yourself in this situation and want a more tailored and beneficial lending product for your new purchase, or want to refinance a current loan to harness better rates and terms – here’s how you can beat the bank. ## Secure Better Rates, Terms – Leverage a Broker Shopping around, negotiating with lenders, and optimising your loan application are three key steps to finding better rates and terms on your loan. However, doing this on your own can present a number of challenges. Firstly, researching lenders to find the best rates and terms for your specific situation is time consuming. Secondly, sourcing multiple quotes from multiple lenders can negatively impact your credit score. And lastly, lacking important industry knowledge will impact your ability to effectively negotiate with lenders. By using a broker for all three tasks, plus many others, a number of benefits can emerge. From access to more lenders and specialised knowledge, to increased negotiation power and time efficiency – brokers can provide a competitive edge over banks to secure better rates and terms for borrowers. ### Access to Multiple Lenders Brokers, like our loan experts at Jade Finance, work with a network of lenders. By having an extensive number of lenders they deal with regularly, they are able to access a substantial range of loan products and interest rates. When borrowers approach them for a deal on their loan, they are able to tap into this network to shop around and find the best possible rates and terms for their customer. The comparison of multiple offers gives brokerages their competitive edge, often securing lower interest rates than what a single bank can offer. ### Specialised Knowledge Because brokers specialise in loans and financing, they can be much more knowledgeable about different loan products and the best options for specific financial situations. Due to this knowledge, brokers can provide tailored loan solutions that better meet the specific needs of a borrower. ### Negotiation Power Brokers have a deep understanding of lending criteria and market conditions. It is due to this understanding that they are able to negotiate more effectively on behalf of their clients. Additionally, the volume of loans brokers’ handle allows them to secure better rates and terms from lenders. ### Flexibility and Accessibility Borrowers have unique needs when it comes to securing a loan. By using a broker, more flexible loan terms and repayment options can be achieved. Brokers also have access to a variety of non-bank lenders who often offer more competitive rates or terms, especially for borrowers who don’t meet traditional bank criteria. ### Time Efficiency Applying for a loan can be a very time consuming task. By enlisting a broker, the paperwork and administrative tasks are taken care of, making the loan application process quicker and easier for the borrower. Due to the relationships brokers’ build with lenders throughout their career, faster approval times compared to banks can often be achieved. ### Customer Focus Brokers take the time to understand your financial goals. It is due to this that they are able to provide a more personalised service to borrowers and offer ongoing support and advice throughout the loan term. ## Closing Thoughts Banks can present a challenging landscape for borrowers with their strict lending criteria, interest rates, and inflexible terms. Many individuals are misled by the familiarity and perceived reliability of well-known banks, only to find themselves burdened with costly and suboptimal loans. To avoid this pitfall and secure a better deal on your loan, using a broker is a significantly beneficial choice. With their industry knowledge and negotiation power, brokers provide personalised service and flexible terms to help you get the best possible deal for your financial situation. ## Why Should I Partner With a Broker at JADE Finance? With over 25+ years of experience, Jade Finance has a large office of fully qualified, well-trained, licensed professionals who are committed to their clients through the peaks and troughs of the ever-evolving financial services industry. With new players constantly emerging, and existing companies expanding their products and offering – Jade Finance is a strong, stable company that you can trust to uphold your best interests. To get in touch with one of our brokers, call [1300 000 008](tel:1300000008) or [Request a Quote.](https://jade.finance/free-finance-quote) **Categories:** Finance --- ### [Interest Rates: Understanding the Different Types](https://jade.finance/blog/understanding-different-interest-rates) **Published:** December 3, 2024 **Author:** Publisher **Excerpt:** Learn about different interest rates: variable, fixed, flat, APR, and comparison rates. Understand their pros, cons, and how to choose the right one. **Content:** Interest rates. We have a love-hate relationship with them. Especially when it comes to the level they’re sitting at. Some people love interest rates because they can mean they can earn more money. In contrast, borrowers dislike interest rates because they can result in higher loan payments to buy big ticket items. But what is an interest rate? An interest rate is the price you pay to borrow money. It can be thought of as the “cost of money” and is a percentage of the principal amount loaned. Generally, an interest rate will be calculated on an annual basis and shown as an annual percentage rate (APR). Interest rates apply to most lending and borrowing transactions which can include cars, boats, equipment, business expenses and travel expenses. For a loan, the interest rate will be applied to the principal amount (the amount of the loan). Therefore, the interest rate is the cost of debt for the borrower and the rate of return for the lender. The difference between the total repayment amount and the original loan is the interest charged. Low risk and high risk borrowers are charged interest rates according to their level of risk. Low risk borrowers will generally receive lower rates and thus a lower cost loan, while high risk borrowers receive higher rates and thus a higher cost loan. - [What is a Variable Interest Rate?](#aioseo-what-is-a-variable-interest-rate) - [Fixed Interest Rates Explained](#aioseo-fixed-interest-rates-explained) - [What is a Flat Interest Rate?](#aioseo-what-is-a-flat-interest-rate) - [Annual Percentage Rates (APR)](#aioseo-annual-percentage-rates-apr) - [Comparison Rate](#aioseo-comparison-rate) ## What is a Variable Interest Rate? Also sometimes referred to as an ‘adjustable’ rate, a variable interest rate is an interest rate on a loan that fluctuates over time. The fluctuation happens due to the rate being based on an underlying benchmark interest rate. Variable interest rates can be advantageous to borrowers if the underlying rate declines because it means the borrower’s interest payment will also fall. The downside of variable interest rates is that if the rate rises, the borrower’s interest payments will increase. When it comes to the underlying benchmark interest rate for a variable interest rate, it is highly dependent on the type of loan being acquired. Variable interest rates can be found in credit cards, personal loans, student loans, and some auto loans. **PROS****CONS**Variable interest rates are generally lower than fixed interest rates Variable interest rates can go up significantly and the borrower can struggle to repay the loanWhen interest rates decline, the borrower benefitsVariable interest rates are unpredictableIf interest rates increase, the lender benefitsVariable interest rates are harder for a lender to predict future cash flows## Fixed Interest Rates Explained Fixed interest rates are pretty simple. It’s a rate that doesn’t change throughout the life of your loan, or for part of the loan. With a fixed interest rate, a borrower will pay an agreed amount of interest on their loan for a set period of time. Variable interest rates are the opposite of fixed interest rates. However, both types of rates refer to interest that is added to the amount borrowed. When a borrower makes a repayment on their loan, the repayment amount will include part of the principal amount and the interest incurred. People generally choose a fixed interest rate because it won’t change for the duration of the loan term. This consistency can be useful for planning your finances and can be considered a safer choice if you need to know what to budget each month. ****PROS******CONS**Rate rises won’t impact you, saving you money on repayments in the futureFixed rate loans can limit your ability to pay of your loan faster via additional paymentsRepayments will stay the same throughout the loan periodYou won’t benefit from any interest rate falls## What is a Flat Interest Rate? - Early repayments - Some sort of credit if that happens - Specify business only A flat interest rate is a loan where the interest is calculated on the original loan amount for the entire loan period. Under a flat interest rate, the repayments will be equal throughout the loan term. Flat interest rates will generally result in higher overall interest payments compared to fixed interest rates. This is because flat interest rates are calculated on the full original amount of the loan for the entire term, while fixed interest rates are calculated on the decreasing loan amount as you repay the loan. There are a number of reasons why someone would choose a flat interest rate for their loan. Firstly, the calculation is simple and easy to understand how much interest will be paid over the life of the loan. Secondly, monthly payments under a flat interest rate are fixed and predictable which can make budgeting easier. Thirdly, it can be far easier to compare loans with flat interest rates because the interest rate calculation doesn’t change over time. Finally, regardless of how much the loan is repaid, the interest will stay the same which can offer a sense of stability for some borrowers. **PROS****CONS**Easy to calculateHigher overall interest costsPredictable, fixed payments resulting in easier budgeting Borrower won’t benefit from early repaymentsConsistent repayment amounts Is not reflective of the actual loan balance Can be more expensive ## Annual Percentage Rates (APR) Simply put, Annual Percentage Rate (APR) is the true cost of borrowing money. It includes the interest rate as well as any other fees associated with the loan. APR is expressed as a yearly percentage and represents the annual cost of funds over the life of your loan. The APR gives consumers a bottom-line number they can compare among lenders, credit cards, and investment products. It differs from interest rate for a number of key reasons. In short, while the interest rate tells a borrower how much they will pay in interest alone, the APR will tell them the total cost of the loan including fees. **Interest Rate****APR (Annual Percentage Rate)**Only includes the cost of borrowing moneyIncludes cost of borrowing money plus additional feesEasier to calculateHarder to calculateGood for understanding basic loan costBetter for comparing overall loan costs## Comparison Rate A comparison rate is a legal requirement for lenders to display next to their advertised interest rates. Comparison rates refer to the true cost of the loan inclusive of fees and make it easier for borrowers to compare different loan products available by multiple lenders. **PROS****CONS**Includes interest and feesMight not include all possible feesEasier to compare loansCan vary between lendersReflects true cost of borrowingMay not reflect individual borrowers situationHelps avoid hidden costsCan be complicated to calculate## Closing Thoughts When making borrowing decisions, it is important to remain educated on the market. Understanding different types of interest rates is an integral part of this. Whether you’re considering a variable, fixed, or flat interest rate, or evaluating the APR and comparison rates – each type of interest rate has its own advantages and disadvantages. For a full rundown of each rate type ahead of your next loan application, the brokers at Jade Finance are extremely knowledgeable and eager to help. **Looking for a low interest rate on your next big ticket purchase?** [JADE Finance](https://jade.finance/) consultants are highly trained, fully licensed financial professionals who can accurately assist you with securing a low interest rate for your specific financial situation. We ensure the loan application process is as streamlined and stress-free for you as possible, providing workable financial solutions to help you achieve your financial goals. By providing our brokers with a few details, your circumstances will be thoroughly considered to determine the best way forward for you. [Call us on 1300 000 008](tel:1300000008) or [Request a Quote](https://jade.finance/free-finance-quote). **Categories:** Finance --- ### [Should I Select Agreed Value or Market Value Insurance?](https://jade.finance/blog/agreed-market-trade-values) **Published:** December 3, 2024 **Author:** Publisher **Excerpt:** Learn the pros and cons of agreed value vs. market value car insurance to make an informed decision and find the best coverage for your needs. **Content:** If someone steals your car or your car is written off, it is important to understand your options when renewing or acquiring car insurance. These options include market value and agreed value. If you don’t know what insuring your car at market or agreed value means, you’re not alone. In this guide, we will break down the advantages and disadvantages of market value and agreed value so you can make an informed decision on which cover is going to suit your situation best. ## Agreed Value vs Market Value If your car is written-off or stolen, meaning you are left without a car, market value or agreed value is the amount your car is insured for. It determines how much compensation you will receive from the loss of your car. ### Market Value Insuring your car for market value means that you will be provided with compensation to replace your car based on its worth ‘in the market’. This compensation is determined by your insurer and is assessed based on your car at the time it was lost or damaged. The make, model, age, odometer, and overall condition of your car will also be taken into account. Insuring your car for market value will generally involve cheaper premiums than if you selected an agreed value. Why? Because the market value of your car depreciates over time and therefore an insurer will estimate what they think your car was worth before it was damaged, which is typically lower than what you bought your car for. ### Agreed Value Conversely, by insuring your car for an agreed value, you will be covered for an amount your insurer agrees your car is worth, regardless of its depreciation during the policy. Under an agreed value insurance policy, if your car is written off or stolen and not recovered, you will know how much money you will receive from your insurer. ## Which is better – Market Value or Agreed Value Car Insurance? Whether to opt for market value or agreed value car insurance should depend on your personal circumstances. However, generally, when trying to determine whether to insure your car for market value or agreed value car insurance, there are two main factors to consider. How much do you think your car is worth in relation to the market? And how much do you want to spend on premiums? By insuring your car for market value, you are more likely to take advantage of cheaper premiums, but potentially receive less than what you paid for it initially. Market value car insurance is generally more suitable for older vehicles where depreciation and wear and tear is significant. If your car is a reasonably modern model, or has received certain modifications, the market may not reflect the actual worth of your vehicle. In this circumstance, you can have it insured for replacement at a specified value if you need to make a total loss claim, also known as agreed value. Under an agreed value policy it is important to be aware that your premium will generally be higher than if you opted for market value. ## Closing Thoughts When making the choice between market value and agreed value car insurance, you need to determine the best decision for your specific financial situation. Older cars are usually more suited to market value insurance which offers cheaper premiums, but provides compensation based on the car’s worth at the time it was lost. Because your car’s worth decreases over time, so will the amount of money you will likely receive. Newer or modified vehicles where the true value is not accurately reflected by the market, will often find agreed value insurance more beneficial. Agreed value insurance offers a set payout which is agreed upon with the insurer at the beginning of the policy, regardless of depreciation. **Seeking Car Insurance That Works for You? Jade Finance supports customers with all aspects of their motor vehicle purchase.** Providing general advice on car insurance, our expert brokers are committed to helping our customers wherever possible, from initial contact right through to settlement. Insurance and lending are key sectors in the Financial Services industry, and while we’re not insurance brokers nor are we aligned with any insurance company, our expert loan consultants are extremely knowledgeable on insurance matters. For more information, get in touch with us today! [Connect with one of our brokers online](https://jade.finance/contact-us "Contact Us") or [by phone on 1300 000 008](tel:1300000008). **Categories:** Finance --- ### [How Your Business can Benefit from Debtor Invoice Financing](https://jade.finance/blog/debtor-invoice-financing-benefits) **Published:** December 3, 2024 **Author:** Publisher **Excerpt:** Improve cash flow and stay competitive with debtor invoice financing. Learn how it helps businesses bridge gaps between sales and payments efficiently. **Content:** When a business wants to grow its offerings, it will generally increase its sales. However, a key problem many businesses face when increasing sales, is the lengthy wait time that can occur between sale and payment. As a business continues making sales, more and more working capital ends up in accounts receivable, inaccessible to business owners, meaning less funds are available for their business operations. Not having enough working capital available for business operations can cause major cash flow issues for many growing enterprises. To bridge the gap between sale and payment, a number of businesses will turn to debtor invoice financing. ## How Debtor Finance Works 1. Debtor invoice financing exists after a business has provided goods or services to a client. Once the business issues the client with an invoice, they will have a gap in their cash flow while they wait for payment. 2. Rather than waiting for payment, debtor invoice financing means the business will sell their invoice to a bank or lender at a discount. 3. The finance provider will then immediately provide the business with an agreed percentage of the amount of the invoice to help them bridge their cash flow gap. 4. After the client has settled their outstanding invoice, the business will receive the remaining owed balance, minus any admin fees from the debtor invoice financing agreement. ## Advantages of Debtor Invoice Financing There are a number of advantages to debtor invoice financing for businesses that are experiencing cash flow management issues as a result of delayed invoice payments. Improved cash flow is an important drawcard of debtor invoice financing. This form of financing means businesses can access money that is tied up in invoices sooner to ensure they can continue to cover their operating expenses. With debtor invoice financing, businesses are able to offer their clients extended payment terms. By offering extended payment terms, a business is able to remain competitive in the marketplace, win new clients, and decrease the financial impact of generous payment terms. Debtor invoice financing is a good option for businesses without a strong credit history. This form of financing is based on the creditworthiness of a business’s customers and clients, rather than the business itself. Due to the added no-collateral requirement benefit, debtor invoice financing is also accessible to a wider range of businesses. ## Disadvantages of Debtor Invoice Financing As a short-term financing solution, debtor invoice financing also involves some important drawback considerations, like financing fees, accessibility, and the potential for recourse. Although no collateral is required for debtor invoice financing, a number of bank or lender fees still exist. These fees are often included in the initial agreement, and can involve a factor rate, transaction fee, and an account maintenance fee. Additionally, not all businesses will be capable of accessing debtor invoice financing. If a business’s clients have poor credit history, the business may not be able to get debtor invoice financing. This is because the clients’ creditworthiness is assessed for the loan, rather than the business. Finally, if a business’s client defaults on their payment, the finance provider may still seek recourse from the business. Due to this risk never fully being controlled, bad debt protection will often exist for an additional fee. ## Should Your Business Consider Debtor Invoice Financing? Debtor invoice financing is a great tool for growing businesses with increasing working capital requirements, and can also help businesses struggling with cash flow problems due to a backlog of unpaid invoices. Other reasons a business may consider debtor invoice financing include when access to working capital is limited; when a business is struggling to commit to new projects; when customer relationships are getting awkward; when a commercial loan isn’t enough to cover cash flow gaps; when a commercial loan isn’t flexible enough; and when a commercial loan application has been rejected. It is important to consider the various advantages and disadvantages of this form of financing before making a decision. Every business has different requirements based on its industry, needs, and long term financial objectives. **Get Competitive Business Debtor Invoice Financing Rates – Reach out to the Expert Loan Specialists at Jade Finance.** As an integral part of our commercial loan portfolio, Jade Finance provides effective Debtor Invoice Funding to support businesses on either a long-term ongoing basis, or to solve short-term cash flow issues. Debtor Invoice Financing can provide your business with immediate funds by way of the initial payment from the lender when you raise the invoice. Let your Jade consultant establish a debtor invoice funding facility with a lender perfectly matched to you and your business profile. [Give us a call](tel:1300000008 "Give us a call") to [receive a quick quote](https://jade.finance/free-finance-quote "Free Finance Quote"), or [connect with us online](https://jade.finance/contact-us "Contact Us"). **Categories:** Finance --- ### [Considering an EV but unsure of which one? Check out the nominees for Drive’s Best Electric Cars Award](https://jade.finance/blog/best-electric-cars-award-nominees) **Published:** November 25, 2024 **Author:** Publisher **Excerpt:** Jade Finance assists buyers to more affordable purchase the best electric cars with competitive rates on personal and business vehicle loans. **Content:** Car owners that have always driven a petrol or diesel vehicle may, understandably, be finding the decision to buy an EV a less straightforward process than updating to another traditional fuel model. While these new technology vehicles have been on the market for quite a while and the majority of manufacturers have at least one EV model in their line-up, for first time buyers, it may be difficult to determine which are the best electric cars for their purposes. Drive’s motoring experts have been coming to the aid of buyers since 2006 with their Car of the Year Awards. An annual program which has experts assess new models across multiple categories to determine THE best model per category and as the overall Car of the Year. Providing possible direction for buyers confronted with an extensive new car market in Australia. For prospective EV buyers, there are several categories for EVs. The contenders or nominees have been announced, the finalists will be come later this year, and the ultimate winners in February 2025. ## What are the Drive Awards for Car of the Year? Most car buyers will be familiar with the Drive website as a resource for all things motoring. The business [runs the awards each year](https://www.drive.com.au/news/drive-car-of-the-year-2025-awards-are-go/), with their specialist motoring writers and other experts comprising the judging panel. There are 19 categories overall which are assessed each year against market trends and categories dropped or added accordingly. They cover all types of vehicles including family cars, urban drives, luxury models, SUVs, cab chassis, and EVs. Within these larger segments, the individual categories are set according to price ranges. Providing a resourceful guide for buyers. The rules include that the specific model must be new or have substantially changed from any earlier model. The current model must have been on the market, available to buyers, prior to the cut-off date late in the judging year. ## Awards Nominees for Best Electric Cars 2025 The EV categories are set according to price and certain aspects and attributes. The budget category is for vehicles with a RRP below the $50K mark. The models in contention for this award are the MG4, the Seal Dynamic by BYD and the Omoda E5 from Chery. The category for Family EVs is for models that come in for less than $100K with an attention to space and practical features – the aspects families are looking for in a new car. In contention for the top award are the 2024 winner, Kia EV9, plus Kia’s EV5, the EQB by Mercedes-Benz, the ID Buzz from VW, Skoda’s Enyaq, Ioniq 5 Hyundai, Polestar 4, Solterra by Subaru, and [Toyota’s bA4X](https://www.toyota.com.au/bz4x-ev). The Luxury segment is for vehicles with a below $150K price, with status and style and essentially epitomise pure luxury. The models vying for this aware are the iX by BMW, Cadillac’s Lyriq, Polestar’s 3 and 4, the Porsche Macan, Mercedes EQV and the Zeekr 009. The Urban EV category is probably the most diverse as it covers models that cost less than $100k and include cutting edge features, style and versatility. The winner from last year, Tesla’s 3, is once again contending along with the two models by Smart – 1 and 3, Megane EA Tech by the Renault, [Mercedes-Benz EQA](https://www.mercedes-benz.com.au/passengercars/models/suv/eqa/overview.html), Volvo’s EX30, Zeekr X, Jeep Avenger, Audi’s e-tron, Abarth 500e, the Cooper and the Countryman by Mini and two BMW models – ix2 and i4eDrive35. That’s the list of contenders in the EV categories for buyers to consider with finalists to be announced in the near future. ## Comparing Finance on Best Electric Cars Evaluating vehicles to purchase based on features and the assessment of expert judges is an important step to find the EV that suits the life and work style and driving purposes. But when the financing is required to make the purchase, comparing loans on the different vehicles is another very important stage. EVs do typically have price tags above similar petrol models. Jade Finance assists buyers to more affordable purchase the best electric cars with competitive rates on personal and business vehicle loans. Loan repayment **c**omparisons on different vehicles can be made using our current rates with our [Car Finance Calculator](/car-loans/car-finance-calculator) to generate estimates. Rates are different for personal and business vehicle finance. Private buyers should use our current rate for [Secured Car Loans](/car-loans/car-loan-interest-rates) and business buyers the rate for their choice of [Lease](/car-loans/car-leasing), CHP, or Chattel Mortgage. Our competitive rates may make the EV you are interested in affordable within your budget and the purchase a very realistic prospect. **For affordable financing on the best electric cars, contact Jade Finance to request a quote.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [How trading in a car can impact a new vehicle loan – consider the upsides and downsides](https://jade.finance/blog/trading-car-impacts-new-vehicle-loan) **Published:** October 28, 2024 **Author:** Publisher **Excerpt:** Jade Finance provides an explanation of trading in a car, compares with selling privately and outlines possible impacts on the new and current car loan. **Content:** When it’s time for an upgrade, most vehicle owners will automatically include trading in a car as standard procedure, without giving little thought to any other options or how it may affect their new vehicle finance. The alternative to a trade-in is to sell the vehicle. Should you sell or should you trade-in? Does the type of vehicle make a difference? What should you expect when trading in a car? Jade Finance provides an explanation of trading in a car, compares with selling privately and outlines possible impacts on the new and current car loan. Ensuring buyers are fully aware of their options and can proceed to secure the most advantageous and affordable new vehicle purchase with finance. ## Trading in a Car Compared with Private Sale Vehicle owners face two options with their current vehicle when buying new. They can use the current vehicle as a trade-in on the new, or they can sell the current vehicle. The procedure to trade an existing on a new vehicle is fairly straightforward. Present the vehicle to the dealer when telling them what vehicle you are looking to buy from them. You should tell the dealer if the vehicle is under finance and if so, how much is still owing. This can be significant as the dealer will be aware that most buyers will want any return on their current vehicle to cover any outstanding loan balance. The dealer will assess the vehicle, this usually only takes a few minutes and is carried out while the buyer inspects the new vehicle being considered. The dealer prepares their offer for the new vehicle price, taking into account the trade. They may offer the option of cash for the current car or a deduction on the price of the new vehicle. Often a better deal can be secured with the price deduction. The dealer will be working out a trade-in price on a value which is typically wholesale or less. The offer may also reflect how much room-to-move the dealer has on the new vehicle price and/or the way they intend to on-sell the vehicle. They may sell it in their own used car section or sell it to another dealer through the motor vehicle trade market. Compared with being tasked with the selling the vehicle, many buyers consider a trade-in a much better option. The process of selling a car can be onerous – preparing online advertisements, dealing with prospective buyers and avoiding frauds. But the price received by selling privately can be higher than the trade-in value. Dealers pay wholesale, private buyers pay retail. When selling yourself, having long rego and the vehicle in good condition can attract a better price. These aspects are less relevant to dealers. When a sale is agreed, the owner signs the registration transfer, and it is up to the new owner to affect the change. ## Trading in a Car Under Finance If the car you are trading is still under finance, you are responsible for finalising the loan. Dealers will be checking on the [PPSR](https://www.ppsr.gov.au) to see if a vehicle is under finance. A payout figure will need to be obtained as break fees can apply when a loan is finalised early. The borrower/new car buyer can decide to make the payment in cash or it can be possible to arrange for the dealer to make the payment from the trade-in value in some instances. If finance is owed and the plan is to cover it with the trade-in, this will mean that the full trade-in amount won’t be deducted from the new car price. ## Effect of Trading in a Car on New Vehicle Finance Where there is no money owed on a trade-in, the buyer can realise a better result with the new vehicle finance. For starters, the trade-in amount reduces the price, the total finance needed and therefore the monthly payment. Essentially the trade-in is the deposit and reduces the loan to value ratio – the amount borrowed compared with the value of the vehicle. While the borrower is taking out a loan for the full amount they need to pay, they are not borrowing the full value of the vehicle. Lenders can see this as a positive, a lower risk, and may offer a better interest rate. To calculate the difference in repayments on different [Secured Car Loans](/car-loans/secured-car-finance) and business vehicle finance, use our [Finance Calculators](/car-loans/car-finance-calculator). Businesses may need to consider the tax implications of using a trade-in to reduce the loan required. If using the trade as a deposit and reducing the financing, will this impact tax deductions? If taking the trade in cash, it may need to be declared in income and be subject to income tax. These issues should be discussed with an accountant to determine the best way to proceed. ## What to Consider When Trading in a Car The biggest unknown with a trade-in is what you will be offered. For many car owners, it won’t be as much as they are expecting. Perusing the second-hand market for indications can lead to misleading indications. These may be prices from used car dealers or private sellers. Prices which can differ significantly from trade-in offers. Consider if selling the vehicle online privately may be a workable option for you. For quotes on new car finance prior to purchase, ask our brokers for repayments based on different loan amounts to assess your options. We may be able to access our motor vehicle trade connections to obtain a trade-in estimate for your planning purposes. **When trading in a car and requiring new car finance, contact Jade Finance to request a quote and professional assistance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Upgrading? Road trip planned? Wondering what are the best SUVs on the market? Latest best sellers to consider](https://jade.finance/blog/best-suvs-for-road-trips) **Published:** November 11, 2024 **Author:** Publisher **Excerpt:** Buyers looking to purchase one of the best SUVs on the market can source competitive interest rate private car loans and business finance through Jade Finance. **Content:** The middle and the end of the year are the two most popular periods for drivers to upgrade their cars. The end of the year can often coincide with the need to get a better vehicle for a holiday road trip. And what could be a better vehicle to head off in but a SUV. But with such a vast range available, buyers may be hard-pressed to decide the best SUVs to consider. ‘Best’ can have numerous interpretations, mean different things to different drivers. While individual brand, style, appearance and size preferences can narrow down the buying options, referring to what is selling best in the current market may provide buying guidance. That information can be found in the monthly vehicle sales reports as provided by the FCAI – the [Federal Chamber of Automotive Industries](https://www.fcai.com.au). The Chamber compiles sales figures as supplied by manufacturers and compiles the results overall, by best-selling brands, individual models, and across vehicle categories. In the SUV segment, the results are released for a number of categories covering different sized vehicles and price ranges. Valuable intel for buyers! Buyers may need to be quick to secure their vehicle as the FCAI reports that total vehicle sales are over 1,000,000 for this year so far. Tony Webber, the Chamber’s CEO notes that the market has seen some easing, but the results for last month were very good for an October. We’ve summarised the latest sales results for October so keen buyers can quickly see what the top sellers are in their price and size range, and we overview the financing options available to make the purchase. ## Best SUVs Based on October Sales The SUV has emerged in recent years as a go-to vehicle type for many drivers. It has the versatility to suit families and individuals, business owners, and multiple lifestyles. Manufacturers have responded by continuing to launch new models across multiple segments. But overall, for October and for the past months, [Toyota’s RAV4](https://www.toyota.com.au/rav4) has been not only the best-selling SUV, but the best-selling vehicle in the market. If in the market for the smallest SUV available, considered the ‘light’ segment, the Mazda CX-3 was October’s top seller. Next was Toyota’s Yaris Cross and Suzuki’s Jimny. If these are a bit too small for your needs, in the small segment with a price tag below $45,000, it was Hyundai’s Kona that attracted most buyers. Next was the MG ZS and Mitsubishi’s ASX. In the same category but with pricing above $45,000 the Audi Q3 sold the most units followed by BMW X1 and Mercedes’ GLA. The next segment is medium with pricing below $60,000. This is where the RAV4 stood out and took top spot ahead of Kia’s Sportage and Mitsubishi’s Outlander. For buyers seeking a bit more luxury, for a medium SUV costing more than $60,000, consider the top selling Tesla Model Y, the Lexus NX or Porsche’s Macan. Got a large family or plenty of gear to stow? A large SUV could be your ideal vehicle. For less than $70,000 most buyers opted for Ford’s Everest ahead of Isuzu’s MU-X and Toyota’s Kluger. For those with deeper pockets and more than $70,000 to invest in a large SUV, check out the Defender by Land Rover, X5 from BMW, or the GLE wagon from Mercedes. If your work or your play involves heavy terrain or loads more gear the larger SUV could be your choice of vehicle. At below $120,000 Toyota’s LandCruiser sold most units in October ahead of Nissan’s Patrol and the EV9 from Kia. No price or size limit? Over that $120,000 price point the GX from Lexus topped the sales charts, ahead of BMW’s X7 and the LX from Lexus. If comparing vehicles at different price points, use our [Car Finance Calculator](/car-loans/car-finance-calculator) to see the difference in repayment estimates for each model. ## October’s Best-Selling Brands and Vehicles Overall The SUV is so popular that multiple models featured in the top ten sellers for October. In total vehicle sales, Toyota’s RAV4 was numero uno, then came Ford’s Ranger and Toyota’s HiLux. The three vehicles that have dominated monthly sales for some time. The remaining models in the top ten were Kia Sportage, Outlander from Mitsubishi, Mazda’s CX-5, and two Hyundai’s rounded out the list – Tucson and Kona. Buyers who are loyal to vehicle manufacturers may also be interested in the ten top selling brands for last month. In no surprises the top three spots were taken by the usual three. October saw Toyota come out in front ahead of Ford and then Mazda. The remaining ten included Hyundai, then Kia and Mitsubishi, the well-priced MG, a great work vehicle the Isuzu Ute, the GWM badge and finally VW. ## Best Finance for Best SUVs Buyers looking to purchase one of the best SUVs on the market can source competitive interest rate private car loans and business finance through Jade Finance. We provide the complete selection of [new car loan products](/car-loans/new-car-finance) to suit both private and business buyers. Any of the top selling SUV models can be financed for private buyers with our Secured Car Loan and for business buyers with our complete selection of commercial vehicle financing facilities. If looking to purchase asap, loan approval can be approved within 24 hours. **For highly competitive rates and individually sourced loans on the best SUVs, contact Jade Finance to request a quote.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Looking to make the move to cheaper energy costs? Consider your solar loans options for business and residential systems](https://jade.finance/blog/looking-to-make-the-move-to-cheaper-energy-costs-consider-your-solar-loans-options-for-business-and-residential-systems) **Published:** October 14, 2024 **Author:** Publisher **Excerpt:** Consider solar loans options available through Jade Finance for residential and business installation to make a move to renewables with competitive rate finance. **Content:** High power bills are a major worry for both businesses and households. Pressuring cash flow and budgets and creating stress and the need for compromising on other living expenses. Many Australians are also keen to move away from fossil fuel to renewables to support climate change initiatives. Making solar a very popular consideration for property owners. If you want to call time on being subjected to the price fluctuations of energy providers, take greater control of your power bills, reduce costs and your impact on the environment, consider the options available for solar loans to make an affordable move to renewables. There’s no denying that the cost of purchasing panels and the supporting systems, and the expense of installation, even for a small property, can be significant. Low interest rate financing with workable repayments may bring that cost into the affordability zone for many households and business. Consider solar loans options available through Jade Finance for residential and business installation to make a move to renewables with competitive rate finance. ## Consider Your Residential and Domestic Solar Loans Options The size, scope and inclusions in purchasing and installing an alternative energy system in a residential property can determine the most suitable type of financing. The equipment parts of the system may be accepted as suitable collateral for a [Secured Personal Loan](/personal-loans/secured-personal-loans). Design fees and labour costs, where charged separately form the panels and hardware, possibly from another supplier, may be financed with an Unsecured Personal Loan. Where an entire system installation – panels, storage, technical system, labour, is provided by the one supplier, on the one invoice, an all-inclusive finance package may be secured. Our brokers work with individual property owners to determine the most affordable funding solution. Interest rates on secured loans are fixed so there would be no change to repayments over the fixed terms. An unsecured loan may attract a fixed or variable rate. Terms are negotiated to deliver a repayment schedule that best meets the requirements of the individual household budget. ## Range of Commercial Solar Loans Credit Facilities Businesses looking to install alternative energy systems on their premises can select the asset acquisition credit facility that best suits their operation. Choices for the equipment components include Chattel Mortgage, Rent-to-Own, Hire Purchase, and Leasing. Where longer term ownership of the system is the objective, [Chattel Mortgage](/business-loans/chattel-mortgage) and Hire Purchase may be the most suitable options. Where a replacement or upgrade is being considered in coming years, Leasing may be a more workable funding product. Asset acquisition credit facilities are secured format financing where the goods being financed are used as the security for the loan. This applies to the panels, batteries, and other equipment involved in the installation. If the labour for installation is supplied separately, a Business Loan or Overdraft may be required for this expense. Our brokers work with individual businesses to structure a financing package which best suits the ROI targets, cash flow projections, and delivers a workable repayment schedule over the repayment term. Balloons can be used with Chattel Mortgage and Hire Purchase to reduce monthly commitments. ## Reduce the Cost of Installation with Low Interest Rate Solar Loans Investing in solar panels and battery storage facilities can be a long-term strategy by property owners to reduce their power bills. Making the importance of achieving competitive rates on the funding even more significant to reduce the short-term cost impact of the installation. There are many providers of credit for solar installations currently in the space, including system suppliers and dealers providing financing alongside the purchase. While this may be seen as a convenient way to secure funding, it will typically be provided through a third party – a finance company. When considering any offers of finance, property owners should ask, is this the best deal I can get? Chances are, we can secure you a better interest rate. We have access to over 80 lenders and considerable leverage in the lending market. Allowing our brokers to secure the most competitive interest rates. Our rates on secured credit products – personal and business, are fixed, ensuring there will be no change to repayments over a fixed term if there are rate changes by the [RBA](https://www.rba.gov.au). To compare our rates, simply use our [finance calculators](/personal-loans/personal-loan-calculator). Ensure you use the correct interest rate we are currently displaying for your choice of loan when generating estimates for comparison purposes. ## What You Need to Apply for Solar Loans Residential property owners applying for solar loans will need to meet the Consumer Credit guidelines as set out by [ASIC](https://www.asic.gov.au). Credit providers must adhere to these guidelines. Proof of income, employment, assets, expenses, ID and other documentation is required. Credit scores will be reviewed by lenders with good ratings receiving the best rates and offers. Business applicants will be required to hold an ABN and provide a range of documentation on their financial position. These documents include tax returns, annual accounts, BAS returns, bank statements, profit and loss statements, asset and liability schedules and similar. Credit history will be assessed. Applying for solar loans with Jade is a straightforward process. Initial quotes and applications can be requested and submitted online or by phone. One of our brokers will handle the entire finance sourcing and application processing operation. Individual service is provided to ensure fast approvals to expedite your installation and the commencement of lowering your power bills. **For a solar loans quote to suit your specific property and installation, contact Jade Finance and request a quote.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Planning to Buy at Sydney Boat Show? Apply for Low Rate Boat Loan Today!](https://jade.finance/blog/planning-to-buy-at-sydney-boat-show-apply-for-low-rate-boat-loan-today) **Published:** July 22, 2024 **Author:** Publisher **Content:** Red alert – the highly anticipated [Sydney Boat Show](https://sydneyboatshow.com.au/) for 2024 opens in a matter of days. This iconic event is a must-attend for enthusiasts of all things boating, for those looking to get into sailing and boating, and for buyers keen to be one of the first to purchase the latest boat releases. With just days to go, it’s time for those buyers to start thinking boat loan and contacting Jade to secure their financing. If you’ve never thought of arranging marine finance before committing to a purchase or even making a final choice, it may be worth considering the benefits of making your finance the first priority in your boat purchase process. Many buyers already take this approach and enjoy the advantages that it provides in convenience, confidence, and the chance to potentially capitalise on low stock, special edition vessels, and boat-show-only discounts. Buyers can get boat loans at competitive rates approved with Jade Finance in 24 hours and be ready to order their new vessel while visiting the Sydney Boat Show. ## Learn More About Securing Boat Finance Before Purchase Applying for marine finance before buying with Jade Finance is quick, easy and hassle-free. Approval in advance of purchase is available across the full range of watercraft from a small trailer fishing boat, a [Kawasaki Jetski](https://www.kawasaki.com.au/en-au/watercraft/jet-ski/stand-up/jet-ski-sx-r-160), mono, catamaran and trimaran yachts through to the top of the range luxury motor yachts such as by [Horizon Yachts](https://www.horizonyachtaus.com) – all of which will be displaying at the Sydney Boat Show. The same credit facilities apply to all types of boat loan applications. For private recreational vessels buyers, a [Secured Boat Loan](/boat-loans) is the most popular loan format. This loan has a straightforward format where the vessel forms the collateral for the loan. We arrange secured boat loans with our signature lowest interest rates which are fixed and over a fixed finance term. Providing buyers with a regular fixed monthly schedule of repayments which remain unchanged over the complete loan term. The variations in the application and approval process of pre versus post buying loans are with knowing the specifics of the boat to be purchased and the exact finance amount needed at the time of applying. As the boat may not have been selected, these details are not available when applying for pre-approved marine finance. Lenders will need details of the vessel for final approval and finalising any offer. But conditional approval can be secured by our experts based on the buyer’s estimate of the total loan amount and a general indication of the type and model of the boat(s) under consideration. Once these details and the standard loan application personal and financial information is provided to your Jade broker, we proceed to source the best rates from the most suitable lender, negotiate the best offer, and process the application to the conditional approval stage. When buyers have this approval, they then have a set amount of time, which is advised with the approval news, to utilise the offer. If a buyer has a change of mind and does not decide to buy with finance at this stage, any offer expires. When the buyer does make a purchase, the boat details along with the exact loan amount and dealer invoice is provided to us, so we can amend and finalise the loan, ready for settlement. The process is simple and can give buyers greater confidence to negotiate with dealers on price, knowing their loan limits. ## Get Our Best Boat Loan Interest Rates – All Loans, Always Regardless of when a buyer applies for boat finance – whether after they have committed to a purchase or in the lead up to a major event such as the Sydney Boat Show, they can be assured of always receiving our best rates and our comprehensive personal service. We always source the most competitive rates from across our extensive lender base, to ensure every customer receives the l lowest possible rate. Compare our rates and use our [Finance Calculator](https://jade.finance/boat-loans/boat-finance-calculator) to start comparing repayment estimates on any number of boat models that fit your plans. Or get straight to the application process by [requesting a quote](/free-finance-quote). Applications can be approved within 24 hours, so you can have your financing confirmed in time to buy at the Sydney International Boat Show. ## Plan Your Visit to the Sydney Boat Show This iconic boating industry event will get underway on 1 August in the Cockle Bay Precinct at Sydney’s Darling Harbour. The show runs from the Thursday through to the Sunday, providing 4 big days to explore all things boating and inspect new boats to buy. Buyers can check the [exhibitor listing](https://sydneyboatshow.com.au/exhibitor-directory/) to earmark the companies they particularly want to visit. Displays will include a wide selection of power and sail craft on the water. In the ICC exhibitors will be displaying the latest in products, accessories, electronics and services for the boating community. The entertainment and information schedule is also jam-packed with masterclasses from top fihing experts, discover sessions on paddling and sailing and a load of fun for all. Most importantly – [book tickets online](https://sydneyboatshow.com.au)! **Make a move to turn your boating dreams into a reality with a boat loan from Jade Finance and be ready to order at the Sydney Boat Show.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Get a competitive head start. Action 2025 strategies now with cost-effective marketing finance](https://jade.finance/blog/get-a-competitive-head-start-action-2025-strategies-now-with-cost-effective-marketing-finance) **Published:** September 17, 2024 **Author:** Publisher **Excerpt:** Marketing finance to enable the implementation of strategies to increase sales is available through Jade Finance with affordable commercial loan options. **Content:** Marketing finance to enable the implementation of strategies to increase sales is available through Jade Finance with affordable commercial loan options. Taking on credit to fund promotional and marketing activities may not be something that business owners have previously considered. But given the recent economic conditions with costs-of-living pressuring sales across many industries, cash flow may not be available to fund business development and promotional initiatives. Finance may provide a very realistic and achievable solution to implementing 2025 strategies now, and getting a head start on the competition. Financing non-asset business expenses can be facilitated through a number of different types of commercial credit products. We cover off on the features and benefits of the different credit options, what is required to be eligible, and how business owners can secure a workable solution to suit their specific requirements. ## What is Marketing Finance? Marketing finance is essentially business credit to cover the expenses associated with promotional activities, business development, marketing initiatives, and advertising campaigns. The specifics, the concepts and strategies will vary with the business and industry but may include a range of costs to be covered. Financing can be provided to cover the costs of creative and other consultants, designers, digital specialists, media advertising, billboards, promotional gifts and giveaways, point of sale material for seller outlets, launch events and similar inclusions. ## Business Loan Options to Finance Marketing Strategies Financing for marketing and promotional activities is non-asset credit and is provided through a choice of several commercial loan products:- **[Lender Overdrafts](/business-loans/business-overdraft)**: This line of credit form of funding is an extremely flexible and versatile commercial loan facility. A credit limit is established when the application is approved, and funds made available to the business by a lender to that limit. The business has the flexibility to use as much of that limit as is required and at the time the expenses are due. Where the marketing activities involve multiple suppliers over possibly several months, an overdraft allows the business to be able to pay the invoices as they arrive. Interest is charged by the lender on a monthly basis and only on the amount of credit which has been used in that time period. Operators can pay down the overdraft in line with their turnover. The term for an overdraft can be negotiated by our experts to suit individual requirements. It may be for a short term – a few months, or over a longer period of 6-12 months. Some businesses opt for an ongoing overdraft or line of credit where they experience cash flow shortages due to the seasonal nature of the business. **[Secured Business Loans](/business-loans):** This type of credit has fixed rates, fixed terms and fixed repayments. Allowing businesses to plan repaying the costs of marketing programs over a longer period. While elements of marketing activities would not be acceptable as loan collateral, where a business can provide other property or assets as collateral, a secured format loan may provide a very cost-effective solution. Due to the loan being secured with collateral, rates are extremely competitive, and terms can be approved to deliver manageable monthly repayments. **[Unsecured Business Loans](/business-loans/unsecured-business-loans)**: Where collateral is not available for a secured format loan, unsecured options are available. This type of credit does have a higher rate of interest than a secured format loan but may provide a workable credit solution for many businesses to cover a range of expenditure. ## Comparing Marketing Finance Options To decide which form of credit is the most suitable for the purpose required, businesses can compare options based on interest rates, terms, and loan amounts required. In comparing interest rates on the different options, note that secured and unsecured loans may be arranged with fixed rates which won’t change if the [RBA](https://www.rba.gov.au) announces changes to the cash rate and lenders follow. Overdrafts are usually offered with variable rates. If rate changes are announced, changes to the overdraft rate may be applied. With rate cuts strongly tipped for at least 2025, this may mean a reduced rate moving forward.. The terms available on different credit products can be considered in relation to the loan amount required. If the business projects an immediate and positive response to the initiatives and a resultant increase in turnover, a flexible overdraft may suit. This allows the operator to pay down the loan as cash flow allows. Loans arranged over fixed terms may suit large amounts or where the resultant response in turnover may be realised over a longer timeframe. Giving operators more time to repay the loan. ## Speak with Our Experts for Workable Marketing Finance Our brokers are specialists in sourcing and structuring commercial financing solutions to suit specific purposes. Speak with us to have the options detailed and quotes obtained from across our large selection of lenders, for your consideration. **Get ahead of the competition with marketing finance to action your plans. Contact Jade Finance on 1300 000 008 for quotes on the credit options available.** *DISCLAIMER: THE SPECIFIC PURPOSE IN PROVIDING THIS ARTICLE IS FOR GENERAL INFORMATION ONLY. IT IS NOT INTENDED AS THE SOLE SOURCE OF FINANCIAL INFORMATION ON WHICH TO MAKE BUSINESS FINANCE DECISIONS. BUSINESS OWNERS WHO REQUIRE ADVICE OR GUIDANCE AROUND THEIR SPECIFIC FINANCIAL CIRCUMSTANCES ARE RECOMMENDED TO CONSULT WITH AN ADVISOR OR ACCOUNTANT. NO LIABILITY IS ACCEPTED IN REGARD TO ANY MISREPRESENTATIONS OR ANY ERRORS RE ANY DATA, SPECIFICS, POLICIES AND OTHER INFORMATION AS SOURCED FROM OTHERS* **Categories:** Finance --- ### [Pre-Tax Time Preparation: Business Finance Moves](https://jade.finance/blog/pre-tax-time-preparation-business-finance-moves) **Published:** April 26, 2022 **Author:** Publisher **Content:** May and June are very popular months for business owners and operators to get busy to ensure their pre-tax preparations are in place in time for the end of financial year. While EOFY strategies will depend on individual objectives, utilising the benefits of business finance to increase tax deductions is extremely popular. We provide an overview of how a range of business finance products can assist businesses with tax benefits and to better position themselves for improved productivity and profitability in the new financial year. ## **Asset Acquisitions** One of the popular pre-tax time actions for businesses is to acquire new assets. Assets such as motor vehicles, trucks, plant, machinery and equipment. Currently there are tax measures in place which make the acquisition of new assets and extremely attractive option in regard to tax deductions. The tax measures – [temporary full expensing and IAWO](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) are available for eligible assets acquired by eligible businesses. But in order to take advantage of these measures in this current financial year, the goods must be acquired and operating in that business by the end of financial year. These measures allow for the full acquisition price of the eligible assets to be deducted as a tax deduction in the year of purchase. With some high-priced items that may represent a significant deduction which would reduce the tax payable. It may also put the business into a loss rather than a profit position for the year. That may in turn bring in the possibility of taking advantage of another current measure – Loss Carry Back. Utilising this measure may result in a cash tax return being received. Refer to your accountant to discuss the suitability of your business for these tax measures. Refer to the [ATO guidelines](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) for the criteria for eligibility for both businesses and assets. Note that as confirmed in the Federal Budget 22/23, temporary full expensing is available through the next financial year, to 30 June 2023. The tax benefits available for assets acquired after 1 July would be realised in the 2022/23 financial year. ## **Asset Acquisition Finance** To finance the purchase of business assets, business have the choice of Leasing, Rent to Own, Commercial Hire Purchase and Chattel Mortgage. For those considering IAWO, [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator) is considered the loan type most suited to that tax measure. By acquiring eligible assets with [Chattel Mortgage](/business-loans/chattel-mortgage-calculator "Best Selling Trucks – November Figures") finance in this financial year, the full amount of the purchase price can be written-off to tax when the tax return is prepared. All business finance products do include a tax deductible element. How much and when the tax deduction is realised varies across the product selection. The timing of the purchase and the finance can impact the timing of realising the benefit. For example, in regard to GST, with Chattel Mortgage, the entire amount of GST payable on the purchase of assets can be claimed in the next BAS. Whereas with Leasing, the GST is added to the monthly lease payments and claimed in that way on the corresponding BAS returns. ## **Restructuring Finance Arrangements** It’s been a tough few years for many businesses with drought, COVID and floods for starters. Issues around supply chain delays and labour market pressures may continue to impact some businesses into 2023. Why not consider starting the new financial year in a better position with the assistance of business finance. This may be achieved by restructuring current loans through refinancing or by seeking finance to support investment in the business or to ease cash flow. Consider these options which Jade Finance can assist you with sourcing:- - Refinancing - [Business Overdraft](https://jade.finance/business-loans/business-overdraft) - Secured and Unsecured Business Loans These finance measures can be sourced and structured to specifically meet the financial goals of individual businesses. ## **Business Finance Interest Rates** In addition to the approach of the EOFY another very compelling motivation for businesses to review their current financial arrangements now is the interest rate situation. For quite some time the general lending market has been in a position to offer extremely low interest rates. In fact, the RBA has not raised the cash rate for over 12 years and in November 2020 the rate was cut to the current record low of 0.1%. But that situation is about to change. The RBA is tipped to make their first move on rates in June or even possibly at its May Board meeting – yes, that’s next week! We say ‘first’ because many analysts expect the RBA to act several times in 2022 and in 2023. As to by how much each increase will be – we await the outcome of these meetings to know the figure. When the RBA increases the cash rate, the lending market responds. Each bank and non-bank lender will follow their own individual guidelines in regard to lifting their interest rates in each of their lending markets. So securing business finance as soon as possible could mean a significant saving in the loan repayments and on the total interest payable over the finance term. We confirm that despite the expected increase in rates, Jade Finance will, as always, continue to secure better rates and the cheapest rates achievable for our customers. The clock is ticking towards 30 June, so act now and discuss your ideas and goals with one of our consultants to see how we can assist you meet your targets. **Contact Jade Finance 1300 000 008 for business finance solutions** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Don’t miss out on your TFE deductions with Chattel Mortgage](https://jade.finance/blog/dont-miss-out-on-your-tfe-deductions-with-chattel-mortgage) **Published:** September 26, 2022 **Author:** Publisher **Content:** TFE? That’s temporary full expensing aka IAWO or Instant Asset Write-off. A very generous taxation measure which is currently available for the purchase of eligible assets by eligible businesses. Why Chattel Mortgage? Chattel Mortgage is seen as the most appropriate form of finance for cars, trucks and equipment to realise the benefits of temporary full expensing. Why are we bringing this up now? Because the current availability timeframe for businesses to take advantage of temporary full expensing expires on the 30th June 2023. In order to be eligible, the acquired assets must be operating in the business by that deadline date. That’s ages away, why talk about it now? There are a number of reasons why businesses should revisit temporary full expensing as a potential cost saver for their operation. Reasons which we will also revisit as we provide this rewind-fast-forward article on Chattel Mortgage and how it can facilitate the benefits of temporary full expensing. Also highlighting how **achieving cheaper interest rate Chattel Mortgage through Jade Finance for cars, trucks and equipment purchase can enhance outcomes of temporary full expensing**. ## **Overview: Temporary Full Expensing** Many will be more familiar with Instant Asset Write-off than temporary full expensing. Apart from providing for the catchy IAWO, it probably more easily describes the concept of accelerated asset depreciation. Essentially IAWO and temporary full expensing are both accelerated asset depreciation measures. These measures allow businesses to write-off or depreciate the full value/purchase price of new depreciable assets in the same year that they were acquired. Under the normal tax rulings, depreciable assets have to written-down or depreciated incrementally over a set number of years, as per the ATO depreciation schedule. The increase in the amount to be written off in that first year can be significant, depending on the cost of the asset. Depreciable assets may include cars, motor vehicles, trucks, business equipment, plant and machinery. These measures are introduced by government, under regulation by the [ATO](https://www.ato.gov.au/) to address specific economic conditions. At the outset of the COVID-19 situation in early 2020, IAWO was included in the business stimulus package. The objective being to incentivise business owners to purchase new vehicles, trucks and equipment and thus, stimulate the economy. As the pandemic rolled on, the Government tweaked the criteria of IAWO and it became known as temporary full expensing. In the October 2021 Budget, the timeframe was extended to 30 June 2023. In order to be able to utilise this benefit, businesses and the assets must [meet the criteria](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing). ## **Why Now Could be the Time to Act** As many operators will know, as the countdown to end of financial year gets underway in late April through, there can be a big rush to purchase motor vehicles and equipment before 30 June. EOFY clearances and sales are a good reminder. But the current supply situation in many markets, especially motor vehicles, should be a reason to move those EOFY purchases forward. The supply issues are still not resolved, with the [FCA](https://www.fcai.com.au)[I](https://www.fcai.com.au/) stating recently it could be well into 2023 before motor vehicle markets are stabilised. Wait and buyers may miss out. Another important reason is interest rates. As most will be well aware, the [RBA](https://www.rba.gov.au/) has made 5 significant increases to the cash rate in the last 5 months with another due on the first Tuesday in October. At this stage, it really is not known when the RBA will pause this rate-rise cycle as global factors and how inflation in Australia is tracking is uncertain. Acting now and securing Chattel Mortgage finance to utilise temporary full expensing could prove an astute move. ## **Chattel Mortgage Relevance** That’s the perfect segue to why Chattel Mortgage is relevant to these particular tax measures. With [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) finance the business buyer immediately accepts the ownership of the vehicle, truck or equipment and repays the finance in monthly payments. In so doing, the asset becomes an asset/liability on their books and as such is a depreciable asset. As a depreciable asset, when meeting the ATO criteria, it may be subject to temporary full expensing. This is a different finance product to [Asset Lease](https://jade.finance/car-loans/car-leasing) where the lender has the ownership and the business makes tax deductible lease payments. Chattel Mortgage is a very versatile form of business finance which is used to finance the purchase of a wide range of business assets. The lender accepts the assets as security against the finance. Jade Finance streamlines the process of securing Chattel Mortgage finance by handling the sourcing, quoting, negotiating, loan structuring and settlement stages. We offer a fixed interest rate and fixed finance terms to provide certainty for business operators that the finance repayments will remain constant and unchanged over the term. Another reason that makes Chattel Mortgage a very popular choice is the [interest rate](/equipment-loans/best-equipment-rates) which typically comes in lower than for Leasing. A busy period is on approach for many operators with the festive season while others may be opting to embark on those COVID-delayed travel and holiday plans. Addressing asset acquisition plans with a view to temporary full expensing before this time may be a good plan. **Contact Jade Finance 1300 000 008 to discuss Chattel Mortgage for cars, equipment and trucks to take advantage of temporary full expensing.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Rate Rise Speculation and other Economic News](https://jade.finance/blog/rate-rise-speculation-and-other-economic-news) **Published:** March 5, 2021 **Author:** Publisher **Content:** It’s been a busy start to 2021 on the economic front as the Australian economy moves into post-COVID recovery and Governments weigh up the results of different measures introduced through 2020. We have a number of issues to cover off which have been making news lately and may impact or influence your business equipment and vehicle decisions. ## **Rate Rise Speculation Quashed** As did no doubt many other keen observers of economic news and indicator, with raised eyebrows we read several pieces where some economic analysts/journalists speculated that interest rates would or should be increased. The reasoning behind the claims were the [heating up in the housing market with prices](https://www.theage.com.au/national/victoria/signs-of-an-overheating-housing-market-should-not-be-ignored-20210305-p5782a.html) increasing at a rapid rate in key regions. It was reasoned that a rise in interest rates would arrest this trend. If you saw or heard similar stories and didn’t have the opportunity to investigate further, don’t worry. The Governor of the Reserve Bank, the authority responsible for setting the official interest rates, [Philip Lowe](https://www.rba.gov.au/about-rba/people/gov.html), quickly moved to quell this suggestion while addressing a business summit. Dr Lowe stated that despite the improving overall economy, the RBA was not likely to increase the official cash rate until there was stronger wages growth and a significant drop in unemployment. Timing-wise, he mentioned as far ahead as 2024. He said he was looking to inflation remaining stable in a band of 2-3% which would mean unemployment significant below the February rate. So the RBA has confirmed its intentions to stay on its present course. For both business and personal finance that should mean historic low lending levels for some time. It’s worth noting that the majority of both [personal loans](/personal-loans/best-personal-loan-interest-rates) and [business finance deals](https://jade.finance/business-loans/best-business-loan-interest-rates) secured through Jade Finance are at our cheap fixed interest rates. A fixed interest rate on loans for cars, vehicles, equipment, boats, bikes, caravans and trucks means the loan remains at that level for the fixed loan term. So if you have a current Jade Finance loan in place, a shift in interest rates would not affect your loan repayments. ## **Economic Data: December 2020 Figures** With some of the government stimulus measures winding down in some aspects over the latter part of 2020, there was possibly greater interest to see how that would impact the December GDP and other economic data. The news was better than expected, to quote the [Federal Treasurer Josh Frydenberg](https://www.aph.gov.au/Senators_and_Members/Parliamentarian?MPID=FKL). In announcing the release of the data, the Treasurer said the results were much better than anticipated with the economic growing 3.1% in the quarter, meaning two consecutive quarters of growth. While he acknowledged that there was still a long way to go with the COVID-19 recovery with many sectors still hard-hit, the results were encouraging. He noted that both business and consumer confidence indices were up and over 300,000 jobs were added to the economy in the quarter. ## **Business Equipment Investment** What could all this mean for your business? Clearly it will depend on your sector but with confidence on the rise if could mean your customers will be better-prepared to purchase your goods. A sign perhaps to implement those growth or expansion plans which perhaps have been on the back burner, with an investment in new equipment. Jade Finance provides finance for a broad range of business equipment. Our loans are not limited to a definition of equipment as heavy duty machinery and yellow goods, though the construction and associated industries are a major part of our business. Through us, you can seek loans for IT, computer systems, electronics, updates to technology, office fit-outs and fittings to cater for the new work style, medical devices, copying and imaging equipment and many other items. With the low interest rates we can achieve across all our loan types, the achieving cost-effective and workable finance solutions can be a reality for many businesses. If you’re in doubt as to whether the equipment you are considering is included under our [equipment finance](https://jade.finance/equipment-loans) category, a quick call to us will have your question answered. ## **Government Schemes and Supports** While the JobKeeper scheme will expire on 31 March 2021, the Federal Government has announced an extension of the wage subsidy scheme for apprentices and trainees. This has now been extended to include those that sign into the scheme by 30 September 2021. In breaking news, just as our team is completing our regular blog articles, the Prime Minister has announced a [$1.2 billion package to support the extremely hard-hit aviation and tourism sectors](https://theconversation.com/morrison-government-to-subsidise-holidaymakers-in-1-2-billion-tourism-and-aviation-package-156875). We’ll take our time to absorb and analyse the detail and see how this may work in with how Jade Finance provides support to business with cheaper business finance. ## **Preparing for that Getaway** With the Easter/autumn school holiday season approaching, if you are mulling over buying a boat or caravan to enjoy your holidays, you’ll want to get into action and contact us to arrange a loan for the purchase. Our services are structured to deliver quick quotes, fast approvals and prompt settlement for all those last minute purchases. **For business finance and consumer loans, contact Jade Finance Call 1300 000 008** *DISCLAIMER: THE INFORMATION IN THIS ARTICLE IS PREPARED SOLELY FOR INFORMATION PURPOSES AND IS NOT INTENDED AS FINANCIAL ADVICE OR AS THE SOLE BASIS FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING ADVICE SHOULD CONSULT A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATIONS OF PRODUCTS, POLICIES AND INFORMATION OR ERRORS IN THE CONTENT AS REFERRED FROM OTHER SOURCES.* **Categories:** Information --- ### [Temporary Full Expensing: Explainer](https://jade.finance/blog/temporary-full-expensing-explainer) **Published:** October 27, 2020 **Author:** Publisher **Content:** Following the Federal Budget announcement in early October 2020, some businesses may be understandably confused or at least puzzled by the term ‘temporary full expensing’. An accounting measure, it’s not a concept that would be widely encountered in general business activities. But it is highly relevant to business asset acquisitions. Acquisitions such as cars, commercial vehicles, trucks and many types of business equipment and machinery. While you might choose to leave the technical aspects of bookkeeping and your accounts to your accountant, it can be beneficial for purchasing decision-makers to have a better understanding of measures available to the business. We’ve done the research on your behalf, referred to the experts and present this basic explanation of temporary full expensing and how your business may benefit from this measure with your purchases. ## **The Basics** Temporary full expensing is an accounting measure where the full amount of the costs related to the purchase of an asset are fully deducted as expenses in one financial year. Essentially a form of accelerated depreciation. Under normal accounting rules and regulations, assets would be depreciated over time. The ATO sets the percentage per year that assets can be depreciated. So businesses only receive that amount of tax deduction on the asset purchase in any one year. Under full expensing, the full amount is deducted in the one year. By having this increased tax deduction, the taxable income of a business is reduced, less tax paid which allows more funds for general cash flow expenses or further investments. ‘Temporary’ refers to this only being applicable to a specific time-frame or period. More on that below. ## **Differentiation: Full Expensing versus IAWO** In regard to the budget and the current investment allowances on offer, confusion arises in considering temporary full expensing (TFE) with the current Instant Asset Write-Off measures. The IAWO has been available since March 2020, also with a limited timeframe, and most business owners will have got their heads around how this works. Many SMEs have already taken advantage of IAWO with the acquisition of assets under $150,000. So what can TFE offer that IAWO doesn’t already provide? The answer is in the size of the business and the cost of the assets. And in relation to the budget, with the deadline. Both TFE and IAWO are accelerated depreciation measures and offered by the Federal Government as investment allowances to stimulate the economy in the post-COVID recovery. To boost investment and spending in the current recession. ## **Eligibility Criteria** Time to drill down into the detail around eligibility. ### **Business Size** - IAWO is limited to businesses with aggregated turnover of less than $500 million. - Temporary full expensing is available to businesses with turnover up to $5 billion. To put that in context, it is reported that only a handful of Australian businesses are in the ‘over $5 billion turnover’ category. ### **Asset Value** - With IAWO, the value of the asset that could be realised is limited to $150,000 - With temporary full expensing, there is no maximum value on the asset purchase. Eligible businesses can now invest in equipment and machinery valued at over $150,000 and deduct the purchase price in the financial year of purchase – temporarily! ### **Timeframe** - Prior to the budget announcement the deadline for IAWO was 31 December 2020. You’re likely to be well aware of this as many lenders, including [Jade Finance](https://jade.finance/), as well as manufacturers and equipment suppliers have been reminding buyers for some months. - The Budget has extended the deadline to 30 June 2021. - The timeframe for temporary full expensing is very specific. The assets must be acquired after TEF was introduced, that is the time/date the Treasurer brought down the Budget Bill – precisely 7.30pm AEDT on Tuesday 6 October 2020. The end date is 30 June 2022. ### **Eligible Assets** - Both IAWO and TFE relate to new assets. - But some second-hand assets may be eligible under the IAWO for SMEs. - From the ATO information sourced, it appears that businesses with under $50m turnover can claim second-hand assets valued under $150,000 if purchased prior to 31 December 2020 and installed and being used in the business by 30 June 2021. With all accounting measures, we strongly recommend you consult with your own accountant to receive clarity over your individual business position and asset eligibility. ## **Selecting the Appropriate Finance** Now you hopefully have a better understanding of the investment allowances on offer, it’s time to address the type of finance that you need to utilise to benefit from these measures. The key is in the term ‘depreciation’. It’s logical that a business can’t depreciate, that is claim a tax deduction, for an asset that it does not own. Ownership is the significant term when selecting the appropriate finance product if you want to realise the TFE or IAWO benefits. With leasing and rent to own, the ownership of the asset is retained by the lender until such time as the borrower finalises the loan. With Chattel Mortgage, the borrower takes ownership of the asset once the finance and sale contracts are settled. This entitles the borrower to depreciate the asset. Chattel Mortgage therefore is suited to IAWO and TFE. Leasing and rent to own do offer borrowers other tax benefits. Unlike Chattel Mortgage where only the interest included in repayments is tax deductible, the lease/rental payments of leasing are considered an operating expense and hence tax deductible. Both IAWO and temporary full expensing offer businesses potential benefits in regard to asset acquisitions. Benefits can also be realised when sourcing the cheapest finance deal which Jade Finance can assist with. Our [cheap personal finance](/personal-loans/best-personal-loan-interest-rates) deals are permanent! **To discuss asset finance, please contact us and speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: THIS ARTICLE INCLUDES INFORMATION, DATA, SPECS, DETAILS AND MATERIALS SOURCED FROM EXTERNAL SOURCES SUCH AS MANUFACTURERS, SUPPLIERS, GOVERNMENT DEPARTMENTS AND OTHER ORGANISATIONS AND NO LIABILITY IS ACCEPTED FOR ERRORS IN THE REPRESENTATION OR PRESENTATION OF SUCH INFORMATION. THE ARTICLE IS PRESENTED AS GENERAL INFORMATION ONLY AND IS NOT INTENDED AS SPECIFIC FINANCIAL ADVICE FOR INDIVIDUALS AND BUSINESSES. THOSE REQUIRING ADVICE IN REGARD TO THEIR INDIVIDUAL CIRCUMSTANCES ARE DIRECTED TO SEEK INDEPENDENT ADVICE FROM THEIR FINANCIAL ADVISOR OR CONSULTANT.* **Categories:** Information --- ### [Understanding asset depreciation as a tax benefit](https://jade.finance/blog/understanding-asset-depreciation-as-a-tax-benefit) **Published:** September 30, 2024 **Author:** Publisher **Excerpt:** Get a better understanding of how asset depreciation works as a tax benefit with commercial finance for business with a basic explainer from Jade Finance. **Content:** Get a better understanding of how asset depreciation works as a tax benefit with commercial finance for business with a basic explainer from Jade Finance. Having a deeper knowledge of the terminology and the concepts used in the commercial credit sector, may enable business owners to better understand how a particular credit product will work for their operation. Many long-established business owners will already have at least a basic knowledge of what asset depreciation means. But the specifics, for example how it is calculated, may remain a mystery for their accountant to deal with. For operators setting up a new business or taking on their first loan for business vehicles or equipment, knowing more about the features of the credit facilities available may provide greater confidence in making decisions. How depreciation is calculated and how it applies to different assets and different business, is set out in the rulings and the regulations by the Australian Taxation Office (ATO). What is a rather straightforward concept, asset depreciation gets a lot more complex when it comes to the calculations of how much of a tax benefit may be realised each year. Without going too far into the complexities, we will provide a plain-speak explanation of the concept, how it applies to business financing, and how it compares with other tax deductions on asset acquisition loans. ## Defining Asset Depreciation Assets are categorised as all plant, machinery, equipment and vehicles used by a business in its operation. As assets are used, their value decreases over time. This decrease in the value of an asset is known as depreciation. For financial purposes, the beginning of the operating time of an asset, the first time it is used, is defined as ‘the depreciating asset start time’. This timing is important when calculating a tax benefit as it determines the number of days of use in that financial year. If the goods were acquired and first used from 1 July and right through to 30 June the following year, the depreciating time for that year would be 365 or 366 days. But if the first use was later in the financial year, the first year of depreciation would be calculated on a lesser number of days. The ‘working or effective life’ of the asset also needs to be determined for depreciation purposes. This may be how long the asset will be owned by the business. As the asset decreases in value each year, the total devaluation, which is known as the depreciated value, also decreases. The depreciated value per annum, is the amount of the tax deduction a business can realise. Asset depreciation allows for an amount of the value of that asset to be deducted each year over several years until fully expended, ie the full amount is accounted for. That is the standard ruling under the ATO guidelines. But the Federal Government can introduce changes to those ruling for special purposes and for short periods. This was seen during the package of COVID business stimulus measures introduced and which included Instant Asset Write-Off and Temporary Full Expensing. These measures allowed for not just a small portion of the value of assets to be tax deducted each year, but for the complete, total value of new assets to be fully deductible in the year that they were purchased and first used. ## How Asset Depreciation is Calculated There are two methods provided by the ATO to calculate the annual amount which is allowed to be deducted through depreciation – the prime cost method and the diminishing value method. Small enterprises may utilise a simplified method which is also offered. These calculations are typically carried out by the accountant for the business when preparing tax returns and annual business accounts. The deductible amount decreases each year as the total value of the assets decreases. For a deeper dive into the specifics, refer to [the ATO guide](https://www.ato.gov.au/forms-and-instructions/depreciating-assets-guide-2024/depreciating-assets-effective-life-cost-and-decline-in-value). ## Tax Benefit of Asset Depreciation with Commercial Loans Depreciation is a tax deduction which is available with [Commercial Hire Purchase](/business-loans/commercial-hire-purchase) and [Chattel Mortgage](/business-loans/chattel-mortgage), but not with [Rent-to-Own](/business-loans/rent-to-own) and [Lease](/equipment-loans/equipment-leasing). This difference comes down to a key basic difference with credit facilities – the ownership of the asset during loan term. With Lease and Rent-to-Own, the lender holds ownership of the asset until the loan is finalised. As the lessee does not own the asset, they are not eligible to depreciate the asset. With Commercial Hire Purchase and Chattel Mortgage, the borrower receives ownership of the asset at settlement, enters the asset into their books, and is eligible to claim the depreciated value as a tax deduction. While not eligible for claiming the depreciative value as a tax deduction, businesses using Rent-to-Own and Lease can claim their monthly payments as a tax deduction. Interest charges on Chattel Mortgage and CHP payments are also deductible. By either the end of the finance term with Lease and Rent-to-Own, or by the end of the effective life of the asset with CHP and Chattel Mortgage, the full value of the asset has been deducted from taxable income. Whatever credit facility best suits your business to finance motor vehicles, trucks, plant, machinery or equipment, we can assist with tax-optimised loan solutions. **For tax-optimised asset financing, contact Jade Finance on 1300 000 008.** *DISCLAIMER: THE SPECIFIC PURPOSE IN PROVIDING THIS ARTICLE IS FOR GENERAL INFORMATION ONLY. IT IS NOT INTENDED AS THE SOLE SOURCE OF FINANCIAL INFORMATION ON WHICH TO MAKE BUSINESS FINANCE DECISIONS. BUSINESS OWNERS WHO REQUIRE ADVICE OR GUIDANCE AROUND THEIR SPECIFIC FINANCIAL CIRCUMSTANCES ARE RECOMMENDED TO CONSULT WITH AN ADVISOR OR ACCOUNTANT. NO LIABILITY IS ACCEPTED IN REGARD TO ANY MISREPRESENTATIONS OR ANY ERRORS RE ANY DATA, SPECIFICS, POLICIES AND OTHER INFORMATION AS SOURCED FROM OTHERS* **Categories:** Finance --- ### [Should you buy with finance now, or wait for an interest rate cut?](https://jade.finance/blog/should-you-buy-with-finance-now-or-wait-for-an-interest-rate-cut) **Published:** September 30, 2024 **Author:** Publisher **Excerpt:** Jade Finance provides a summary of data, forecasts and considerations for buyers deciding whether to buy now with finance or wait for an interest rate cut. **Content:** It’s been four years since there was an interest rate cut in Australia. But with the latest figures from the Australian Bureau of Statistics (ABS) showing inflation continuing to fall and the recent September Reserve Bank (RBA) cash rate hold decision, many Australians will be wondering when the next interest rate cut will be. Both consumers and businesses considering taking on finance to buy goods will no doubt be trying to decide if they should buy now with finance, or wait for the highly anticipated interest rate cut? For many buyers, the timing could be a major consideration. Great buying opportunities are coming up with caravan and boat shows in October and business operators may be looking to upgrade or replace vehicles, plant, equipment in readiness for the new year. Jade Finance provides a summary of data, forecasts and considerations for buyers deciding whether to buy now with finance or wait for an interest rate cut. Information to assist buyers seeking loans for cars, boats, caravans, trucks and business equipment with important timing decisions. ## RBA Comments re Interest Rate Cut At its two-day September meeting, the [RBA Board](https://www.rba.gov.au) decided to keep the cash rate on hold at 4.35%. In good news for borrowers, the Board said it did not consider a rate hike at the meeting. RBA Governor Michelle Bullock commented that the Board focussed on what had changed since it’s August meeting, and what the Board would need to see in order to decide on a rate rise or rate cut. Nothing was ruled in or out. But commentators noted that this was the first time in several meetings that the Board has not considered a rate rise. Though Ms Bullock did say that a rate cut was unlikely in the near term. Ms Bullock said that while monetary policy was working broadly as anticipate with no change to the Board’s assessment from its August meeting, there were uncertainties. Uncertainties were noted both in the Australian economy and overseas. ## Interest Rate Cut – Economic Indicator Considerations There have been many remarks and forecasts by financial commentators and others on what should, could and will happen with interest rates. Some lean strongly to a cut at the RBA Board’s December meeting, others look as far out as May 2025. Looking at the figures that matter to the RBA, headline inflation fell in August to 2.7% down from July’s 3.5%, but underlying inflation remains high, at 3.4%. Underlying inflation is the key figure for the RBA Board. The significant fall in headline inflation is seen primarily as a result of the effect of Government subsidies. In releasing the latest inflation figures, Ms Michele Marquardt from the [ABS](https://www.abs.gov.au) noted that the energy rebate from both the Commonwealth and State Governments resulted in electricity pricing falling by 14.6% in the August figures, compared with July’s 6.4%. Calculating figures without these rebates, Ms Marquardt notes that prices for electricity would have increase 0.1% for August and 0.9% for July. Ms Bullock said that the RBA’s current forecasts have inflation returning to its target in 2026. Commenting that while headline inflation will continue to fall, underlying inflations is still too high, and this is more indicative of the situation. The US Federal Reserve and central banks in a number of other countries including the UK and New Zealand recently cut their cash rate. In response to a question in the post-decision press conference regarding specifically the US cut, Ms Bullock noted the differences between the US and Australian scenarios. Saying that in the US and in some other countries, both inflation and rates rose to higher levels and these countries were now further along the cycle than Australia. ## Personal and Business Finance Timing Considerations The next monetary policy decision from the RBA is Tuesday 10 December and after that, not until February. Lenders may move to change their interest rates prior to the RBA decisions, based on their own forecasts. For buyers trying to time purchases with finance, we present some considerations to put in the mix when deciding when the right time for you to buy with finance is for them. Consider if the price of the goods you are intending to buy will increase while you wait for interest rates to come down. Consider, if replacing cars and equipment, if your current goods will require significant repair costs during your wait time. Incurring either of these additional expenses may outweigh any reduction in interest payments should rates go down. Another consideration is your financial position – credit profile, income and personal or business balance sheet change. If these improve, great. If they deteriorate, you may not be offered a better rate than you may be offered now. ## Calculating Repayments with and without an Interest Rate Cut To work up some tangible figures to consider, use our [Finance Calculators](/car-loans/car-finance-calculator). These tools allow users to input whatever figures they like to compare loan scenarios. Enter the current rate we are advertising and then re-calculate with a slightly lower rate, in the event that rates do get cut before you apply. Make sure you enter the correct rate – the rate applicable to the loan you are considering. Personal Car Loans for example, use our [Secured Car Loan rate](/car-loans/car-loan-interest-rates) for new and many second-hand models. Businesses should use the interest rate for their choice of credit facility – [Chattel Mortgage](/business-loans/chattel-mortgage), Lease, Rent-to-Own or Commercial Hire Purchase, for the type of asset being acquired – vehicles, plant, machinery and equipment. If planning to make a deposit, deduct that amount from the total when entering the loan amount required. Remember these are estimates which do not allow for your personal or business credit rating or for the fees and charges that the lender will apply to your loan. **For specific figures to assist in making buying decisions contact Jade Finance and request a quote.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [What’s happening with interest rates?](https://jade.finance/blog/whats-happening-with-interest-rates) **Published:** March 26, 2021 **Author:** Publisher **Content:** Australians have what we consider a healthy obsession with interest rates. As a lender that has built a business model around achieving cheap interest rate loans for our customers across our loan portfolio, we are extremely aware of the significance of interest rates to achieving financial objectives. The lower the rate the more affordable the repayments and the sooner our customers can own their business assets and consumer goods and hit those financial targets. We are completely across movements in rates and trends across the markets and we also keep abreast of what is being discussed in the financial media. We are well aware that any commentary and opinion whether backed by data, research and figures or not, has the potential to influence important purchase decisions by both individuals and businesses. Our team take note of what is being discussed across many channels to analyse and consider so we can not only make adjustments to our own position but we can enlighten and clarify the detail through our informative articles and educational blogs. One topic which has popped up in the media recently is speculation around an increase in interest rates. This discussion has emerged as a result of a significant increase in residential property prices in key areas. A spike was driven by increased demand related to the historic low interest rates on home loans. The speculation, or in some cases even the suggestion, is that the RBA should increase interest rates to put a dampening on this surge in housing prices. While the discussion is primarily around home loan interest rates, any changes made in the [official cash rate by the RBA](https://www.rba.gov.au/statistics/cash-rate/) can have a potential impact on other lending sectors. That is on our customers in asset finance, consumer loans and business finance. If you have also heard or read these speculative comments, you may be wondering if there will be an increase in interest rates and how it may affect any loans you currently have or intend to take out through [Jade Finance](https://jade.finance/) or other lenders. We’ve put together this brief overview of interest rates for your information and to provide you with some clarity on where rates might head in the near future. ## **RBA and the Official Cash Rate** When speculation around a rise in interest rates was first raised, Philip Lowe, Governor of the Reserve Bank addressed the matter directly. He commented that despite such suggestions that the RBA should raise rates to slow the rise in housing prices, the RBA had no intention of raising the cash rate at this point in time. In several speeches, Dr Lowe has mentioned the specific indicators the RBA board would be taking into account before making any changes to interest rates. These would include the rate of growth and level of inflation and employment figures. While Australia has seen a remarkable drop in unemployment over consecutive months, decreases which exceeded even the expectations of Treasurer Josh Frydenberg, the current level was not significant to indicate a rate rise was imminent. [More statistics here](https://www.aph.gov.au/About_Parliament/Parliamentary_departments/Parliamentary_Library/Research). The official cash rate is significant to all lending rates. It is not the rate that applies to either consumer loans or business finance but it is the rate that determines lenders costs to acquire their funds. Therefore it is a key determinant in the rate that individual lenders apply to different types of finance. Based on the recent comments from Dr Lowe and the current economic climate coming out of the COVID-induced recession, we are not expecting interest rates on our loans in the short term. In fact, Dr Lowe has indicated previously that he expected the cash rate to remain low through 2021 at least. ## **Lender Interest Rates** Currently, the official cash rate is 0.1%. To see what interest rates Jade Finance is currently achieving on different loans, simply refer to our [car loan interest rates](https://jade.finance/car-loans/car-loan-interest-rates). No, it is definitely not 0.1%. From that cash rate, individual lenders must calculate the rate on funds they lend based on their costs and their approach to a particular lending market. Some may favour one sector over another. For example, the banks tend to be the major lenders in the home loan sectors while some of our non-bank lenders are far more competitive than the banks with say equipment finance. As we are accredited with multiple banks and non-bank lenders our consultants have a vast and varied lending panel to source the cheapest rates for specific loan categories. ## **Achieving Better Interest Rates** In addition to having access to many lenders, including the highly competitive non-bank lender market, Jade Finance has considerable bargaining power in many lending markets. We utilise that power, with honed negotiating skills, to achieve the cheapest rates for our customers. We’ve provided comparison charts for customers to compare our cheap rates with a selection of other lenders in key markets. Refer to these interest rate comparisons for details. With our consumer finance loans, you will notice there is an advertised rate and a comparison interest rate. The comparison rate is derived on a specific loan at the advertised interest rate but with some fees and charges factored in. Details of the example are noted alongside the rate. Displaying this information is required by consumer credit laws. ## **How much do cheap interest rates really matter?** To answer that question, simply use our [car loan repayment calculator](https://jade.finance/car-loans/car-finance-calculator) to work up different loan repayments with different interest rates. You’ll quickly realise that even a seemingly small variation in the interest rate can make a marked difference to the monthly repayments. Our team will be maintaining constant watch on the interest rate scene across the lending market and posting updates when any relevant matters arise. In the meantime, take full advantage of the historic low interest rates on offer to secure finance for your requirements. **For cheap lending, contact us at 1300 000 008 today.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Best Selling Trucks – November Figures](https://jade.finance/blog/best-selling-trucks-november-figures) **Published:** December 20, 2022 **Author:** Publisher **Content:** The Truck Industry Council (TIC) has released the November figures for sales in the truck market with the best selling trucks manufacturers noted in each segment. The truck sales results for 2022 have so far been very good and the November results indicate that this could be a record year. The attractive tax benefits available through [temporary full expensing ](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing)and the RBA’s remarks about more rate rises could be contributing to the strong sales. But a new truck purchase can also be highly beneficial to a business from an operational perspective. **Acquiring one of the best selling trucks with cost-effective truck finance can deliver increased productivity and efficiency and benefit the environment.** Manufacturers focus on new technologies with low emission engines to contribute to helping the industry play its part in achieving climate change objectives. More efficient engines can reduce fuel and maintenance costs to the business. A new vehicle may also mean less downtime for repairs compared with an older one which can be a direct contributor to increased income, especially for contractors. We review which brands sold most units in November to assist buyers with their selection and outline the truck finance options to ensure the acquisition is a cost-effective decision. ## November Sales Overview Compared with November last year, total sales for trucks in November this year increased by 16%. This leaves the total for 2022 only slightly below the record for sales which was set in 2018 with one month to go this year. Comparing 2021 to 2022 on a YTD basis, sales are up 6.3%. [Isuzu](https://www.isuzu.com.au/) was the best selling trucks brand overall with an increase of nearly 31% when compared with the result of 2021. Second place went to Hino which increased sales by 3.4% on the same comparison period then Fuso was third, recording a 4.3% increase over the same comparison period. Kenworth increased sales by 7% YTD to slot into fourth overall with Volvo rounding out the leading 5 manufacturers overall. Volvo posted a massive 44% increased sales in the comparison period. As we have noted each time we have reported on best selling cars and trucks over the past few years, stock availability should be taken into account. While supply chain and computer chip issues on a global basis have started to show some easing in some markets, supply of some makes or models may still be impacted. If a manufacturer has a shipment arrive or releases a new truck model, that can be reflected in a spike in sales in a particular month. When considering YTD figures compared with 2021, the conditions in the market last year should also be kept in mind. ## Best Selling Trucks per Category The best selling trucks each month are reported based on manufacturer for the heavy, medium and light duty categories. Sales figures are compared with the same month in the previous year and on a year-to-date basis for comparison purposes. Heavy-duty category: [Kenworth](https://www.kenworth.com.au/) was the best seller for November 2022 and with an increase of nearly 7% over the comparison period. With its huge 44% jump in sales, Volvo was second in this segment. Isuzu’s heavy vehicles also showed a great increase in sales of nearly 42% to finish in third place for this category. Then came Scania with a fall in sales of nearly 4% followed by UD Trucks which posted the most impressive increased sales – just over 75% (YTD). Medium duty trucks are extremely popular due to their versatility and suitability for many applications across many industries. Though sales for this past month when compared to the figure the same month last year, only increased by 1.2% This segment is dominated by the same three brands and the results for November continued this trend. Isuzu came in with the highest sales, followed by Hino and then Fuso. Delving into the specifics on a YTD basis we see an increase for Isuzu of just over 20% and for Hino of just shy of 1% but a drop for Fuso of just over 8%. UD Trucks posted an increase on last year of just over 13% to be fourth for November 2022. IVECO’s sales in this segment were also up by nearly 35% on that YTD comparison. But even that great result only placed the brand in fifth position. Isuzu led the light duty category sales for the month with just over 33% rise YTD followed by Hino, Fuso, IVECO and Mercedes-Benz. Sales in this segment continue to be positive. If this positive sales trends continue for December, the truck industry could be looking at a record sales year. ## Truck Finance Options Ensuring the purchase of one of the best selling trucks is a positive business decision may come down to the [truck finance](https://jade.finance/truck-loans). Specifically, that the interest rate is the cheapest achievable, the finance term results in a repayment schedule that works with cash flow and the loan conditions required by the lender do not negatively impact the business. We assist truck operators to achieve the cheapest rates across the full selection of loan products by negotiating directly with our lenders on behalf of customers. While the interest rate is a main focus of achieving a cheaper truck loan, additional benefits can be realised through measures such as temporary full expensing. This is only available through this financial year and [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator) is seen as the truck finance product suited to this tax measure. To assist with planning the acquisition of one of this month’s best selling trucks, speak with us about pre-approved truck finance. **Contact Jade Finance 1300 000 008 for cheaper finance for best selling trucks** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Business Finance: BBI Accelerated Depreciation Offer](https://jade.finance/blog/business-finance-bbi-accelerated-depreciation-offer) **Published:** July 14, 2020 **Author:** Publisher **Content:** If you’re moving forward with your business growth and investment plans with the acquisition of assets, you may be eligible to take advantage the accelerated depreciation benefits under the Backing Business Investment program. In response to the economic impact of the coronavirus on businesses, the Federal Government announced a number of measures to support businesses. While some of the offers and programs have expired, the [Backing Business Investment (BBI) is still in play through to 30 June 2021](https://business.gov.au/grants-and-support/covid-19-support-for-businesses). BBI is an incentive to support business growth through investment by allowing accelerated depreciation on eligible assets. This measure was introduced by the Federal Government in March 2020. But we know that was a very uncertain and disruptive time for many business owners and you may not have had a chance to look into the benefits for your operation. We give you a run-down of the key issues and can provide you with a quick quote on finance to purchase the eligible assets. ## **Benefit to Be Realised** Eligible business can accelerate the rate of depreciation on eligible assets. It allows for a 50% deduction of the cost of eligible assets within the set time frame which expires 30 June 2021. The remaining 50% of the cost of the asset is depreciated under existing rules. ## **Eligible Businesses and Conditions** - Businesses with less than $500m turnover in 2019/20 and 2020/21 income years. - Different rules for small businesses using simplified rules in relation to capital allowances. - To determine if your small business or other sized business is subject to special conditions, refer to [ato.gov.au](https://www.ato.gov.au) and search backing business investment for details. ## **Eligible Assets – Overview** - Must be acquired after 12 March 2020 and installed/used before 30 June 2021. - Not applicable to assets which were *‘previously held by another entity’.* - No applicable to assets which have had had [IAWO](https://jade.finance/blog/extension-to-iawo) or other depreciation deductions applied. - There is no limit to the number of assets. - No limit to cost of eligible assets with the exception of passenger vehicles. - Passenger vehicle assets designed for less than 9 passengers and a load of less than 1 tonne, special conditions apply. If the car costs more than the limit, the cost must be reduced before calculating depreciation. Other depreciation rules cannot be used to deduct the excess cost. Please refer to the specific wording of this condition on the ATO website or refer to your accountant for guidance. - Special conditions apply to assets acquired for use in research and development purposes. Please refer to the specific wording of these conditions on the ATO website or refer to your accountant for guidance. ## **Ineligible Assets and Conditions** Not all business assets are eligible for this accelerated depreciation measure. The ATO site advises that the following assets are not eligible:- - Second hand depreciating assets. - Selected Division 40 assets which are low value and software development pools. - Some primary production assets. - Some assets which are deductible under Division 43 – buildings, capital works etc - Assets that you committed to purchasing prior to 12 March 2020 - Some other capital assets We recommend that you refer to the specifics on the ATO website or your accountant for guidance around your business. ## **Timeframe** The accelerated depreciation measure applies to eligible assets that are purchased after 12 March 2020 and are installed in the business and used in the business operation before 30 June 2021. ## **Applying for the BBI Accelerated Depreciation** While some of the eligibility criteria, conditions around the inclusion of some assets and other rules with the accelerated depreciation, the good news is, there is no big application process. You simply claim the tax deduction for the depreciation in the relevant tax return. ## **Streamlining Asset Acquisition** Jade Finance can assist in streamlining your purchase of eligible assets by sourcing cost-effective finance for the assets and handling much of the paperwork associated with the loan process. Subject to the eligibility criteria, we can provide a quote on a loan for:- - Business vehicles - Trucks: light commercial vehicles, medium duty and heavy duty trucks for many applications. - A wide range of equipment to use in your business: construction and earthmoving equipment, manufacturing equipment, engineering machinery, medical equipment, fitness and health equipment, mining equipment and much more. We offer the full selection of [commercial loan products](https://jade.finance/business-loans/commercial-loans): Leasing, Rent to Own, Chattel Mortgage and CHP. Some finance types may be better suited to your business realising the tax benefit of the accelerated depreciation measure. Consult with your accountant as to which finance type is best suited to your business. Your [Jade Finance](https://jade.finance) will source the cheapest quote on finance to meet your requirements. **To discuss finance for assets contact Jade Finance 1300 000 008** *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. INFORMATION ON INDIVIDUAL VEHICLE SPECS IS SOURCED FROM THE MANUFACTURER WEBSITE. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [Quarterly Inflation Adds Pressure to Interest Rates](https://jade.finance/blog/quarterly-inflation-adds-pressure-to-interest-rates) **Published:** September 30, 2022 **Author:** Publisher **Content:** Both business owners and individuals planning major purchases with finance, will be wise to stay across the release of the latest economic data. Inflation and unemployment figures have a significant impact on interest rates as this data is used by the RBA Board when making its decisions around cash rate moves. With interest rates currently in an increasing cycle as the RBA normalises the cash rate, the release of the latest inflation figures will have increased importance for those planning to apply for personal loans and business finance. The ABS released the monthly employment data in the second week in July which showed a significant drop of 0.4% in unemployment. On its own, that data was considered by many economists as putting pressure on the RBA to lift the cash rate further in August. At the time of the release of that data, some commentators were suggesting a 1% rise in August was possible. Now the ABS has released the quarterly inflation data for the period 1 April through to 30 June – known as the June quarter. The figures are quite confronting, as described by Treasurer Jim Chalmers though not surprising. Inflation for the quarter rose to 6.1%. **The quarterly inflation result of 6.1% will add pressure on the RBA to hike interest rates and on borrowers to seek cheapest the interest rate loans.** ## **ABS July Inflation Report** In a statement issued on 27 July, [the Australian Bureau of Statistics](https://www.abs.gov.au/media-centre/media-releases/cpi-rose-18-june-2022-quarter) reported the quarterly inflation data which saw the CPI rate hit 6.1%. The quarter recorded a 1.8% rise which was less than the 2.1% recorded in the previous (March) quarter. While less than March, the June result still ranks as the second largest quarterly rise since 2003. Some of the notable points in the statement include:- - Inflation 6.1%. 4.9% when excluding high price falls and rises. - Rise is attributed to a number of factors, primarily higher new dwelling and fuel prices. - Goods price rises accounted for 79% of the rise in the CPI. The rise reflects freight cost increases and strong goods demand which is not being fully met by supply which is constrained. - Despite the easing of the excise duty, this was the eighth quarterly increase in fuel prices in a row. This is seen very much as a result of the oil price situation coming from the Russian invasion of Ukraine. - Both non-food and food prices saw increases over the reporting period. - The floods experienced earlier in the year, especially on the east coast, are noted as a major contributor to rising food prices. - The tight labour market and ongoing supply issues as well as the rise in freight costs are seen as contributors. - Prices for services did not rise at the same rate as for goods. Goods price rises accounting for 79% of the CPI increase. In a statement to the Federal Parliament the day following the release of the inflation data, Treasurer Chalmers said that based on new forecasts, inflation could reach as high as 7.75% during the quarter to end of December. He said Treasury forecast an easing of inflation to around 5.5% by mid next year before dropping into the RBA 2-3% target area in the middle of the following year, 2024. ## **Effect on Interest Rates** Due to meet on 2 August to make its next decision on the cash rate, the [RBA Board](https://www.rba.gov.au) will be taking these latest figures into its deliberations, as mentioned in their July statement. Raising interest rates is a lever used by global central banks to curb soaring inflation. This is being done by central banks around the world. Many countries, including the USA, are experiencing much higher rates of inflation and interest rates than here in Australia. The RBA is highly expected to lift the cash rate by a further 0.5% on 2 August with further rises highly likely in September through November. So far, the Board has lifted the cash rate by 1.25% over the past 3 months from the record low of 0.1% to the current 1.35%. Banks and non-bank lenders use the cash rate as their foundation for setting their individual rates. We have seen some lenders lift rates even prior to the RBA decisions. How much and when an individual lender will increase their rates in a particular market is dependent on a number of factors. The amount of the rate increase may vary across markets – [motor vehicle finance](https://jade.finance/business-loans/business-car-finance), equipment finance, [consumer finance](https://jade.finance/personal-loans/personal-loan-calculator) and business finance products. ## **Achieving Cheaper Rates** While rates are on the way up, Jade Finance continues to adhere to our policy of achieving [better interest rates](https://jade.finance/car-loans/car-loan-interest-rates) across our loan portfolio. Both business customer and private buyers are welcome to utilise our services to secure cheaper rates which are sourced from a vast section of lenders. Having more choices provides our customers with better prospects of securing the cheapest rates. Those considering taking on finance for major purchases should be aware that advertised rates are typically the rates which are applicable to loan applicants with a good credit rating and for new goods. Keeping credit scores in the good range is of prime importance in the current economic climate of rising interest rates. **Contact Jade Finance 1300 000 008 to discuss how we can assist you achieve cheaper interest rate finance and loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Planning to apply for finance to purchase goods in 2023? Key dates and details to note.](https://jade.finance/blog/planning-to-apply-for-finance-to-purchase-goods-in-2023-key-dates-and-details-to-note) **Published:** January 13, 2023 **Author:** Publisher **Content:** Many individuals and business owners will be planning to apply for finance to purchase goods such as boats, cars, motorbikes, caravans, trucks and business equipment this year. Some plans may be made well ahead of the actual purchase while others could be last-minute buys. **Whether the plan is to apply for finance before or after the buying decision, there are dates, details and determining factors to keep in mind for 2023.** Factors and events which may make acquiring the goods a more streamlined process, ensuring stock is secured and most importantly in securing the cheapest finance and loans. We share our insights to assist both individuals and business to achieve better finance solutions for 2023. ## Tips and Details to Note Taking on finance and loans to acquire goods and equipment is a major decision for most people. Covering all the relevant details to make informed decisions which are in their best interests. Here are a few aspects of personal loans and business finance to consider:- - The actual finance products and loan types do not change in structure, features and formats. [Secured Personal Loans](https://jade.finance/car-loans/personal-secured-car-loans) for cars, boats, caravans and motorbikes have a universal format which generally remain unchanged. - The selection of [business asset finance](https://jade.finance/equipment-loans) products such as Chattel Mortgage, Lease, Rent to Own and Commercial Hire Purchase have set formats. This format and structure does not change as such, but tax benefits can change as a result of Government policy. This is clearly demonstrated with the current availability of [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing "Temporary full expensing | Australian Taxation Office") which offers changes to tax deductions when assets are purchased with say Chattel Mortgage, but only for a temporary period. - Individuals should do their research well ahead so they have a good understanding of what is involved when you apply for finance. Lenders offering consumer finance must adhere to laws as governed by ASIC including the responsible lender guidelines. - Both individuals and businesses can apply for pre-approved loans before making their final purchase decisions. We offer this across our loan portfolio. - Interest rates can change. When you apply for finance the loan is quoted based on the interest rates that are current at that time. The rates on all types of finance and loans can be impacted by the decisions on the cash rate made by the Reserve Bank of Australia. If planning a purchase with finance in down the track, allow for possible changes to rates. - Interest rates vary based on the application. The interest rates that are advertised by banks, finance companies and other lenders including Jade Finance, are usually for new goods and for applications by those with a good credit rating. The rate offered when you apply for finance may be different from the one you see advertised by a lender. - Credit scores and ratings can change with changes in individual and business financial situations. Paying bills on time is one way to ensure the credit score is not downgraded. Stay on top of this and keep the score in a good range to ensure the cheapest rates are offered. - Having a good balance sheet – whether or personal or business, may contribute to being offered a lower interest rate and an overall better loan. Look at clearing other debts to improve the overall financial situation before you apply for finance. - Global issues are still disrupting supply chains for many goods. These issues may result in price increases and/or stock availability problems. Buy early or have alternatives to favourite makes and models. Allow for higher prices on new models when finally released when planning finance. - Research the market for the goods to be purchased so you know exactly what you want to purchase. When buying online and from private sellers especially, be a stickler for best practice. - Use a [Car Loan Calculator](https://jade.finance/car-loans/car-finance-calculator) before you apply for finance to get a general idea of what loan repayments might be for the price of the goods you are considering. Be fully aware of the limitations of this device. ## Interest Rate Outlook For anyone looking to apply for finance or loans this year, the big question is likely to be what will happen with interest rates? Interest rates in most lending areas including car loans, caravan finance, marine finance, motorbike loans and the various different business finance sectors, can be affected by cash rate decisions made by the [RBA Board.](https://www.rba.gov.au "Reserve Bank of Australia") The RBA has stated that it is not on a pre-set path in regard to these decisions and is guided by the available data. In making the December 2022 cash rate decision, the Board considered the arguments for against a higher rate rise, the moderate 0.25% and holding rates steady and unchanged. The decisions may depend on how inflation has been tracking and continues to track along with other economic factors both globally and in Australia. ## Dates for the Diary - Major Boat Shows: if looking to buy at a boat show, check out the key event dates at [bia.org.au](https://bia.org.au/) - Many of the caravan show dates are locked in and those interested can review our recent article listing the upcoming events. - Field Days for 2023 can be found at the [AAFD register of events](https://www.aafda.com.au/register-of-field-days/ "Register of Field Days - The Association of Agricultural Field Days of Australasia"). - RBA Board meetings affect interest rates. Meetings are held on the first Tuesday of February through December with the decision announced around 2.30pm on that day. - Federal Government Budget is due to be handed down in May each year. Policies announced in the budget may affect personal tax schedules and as such income available for finance as well as business tax measures amongst other issues. - State Budgets can be relevant to businesses for new work opportunities especially in infrastructure. These budgets are usually announced in May-June and vary per state. Announcements can also affect payroll tax and many other costs. - End of the financial year is of course 30 June and a time to get organised to submit tax returns. Could mean a tax return for some which could be useful when time to apply for finance. - Temporary full expensing expires on 30 June. **Contact Jade Finance 1300 000 008 to apply for finance for both personal and business goods.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Your Loans and the Federal Budget](https://jade.finance/blog/your-loans-and-the-federal-budget) **Published:** October 23, 2020 **Author:** Publisher **Content:** After weeks of pre-budget previews, the big reveal on Budget night followed by several weeks of analysis and critiquing by the media, interest and community groups, opposing parties and a full range of stakeholders, you’re totally across what it all means for you. Specifically in our area of interest, what impact the Federal Budget will have on your personal loans and/or business finance deals. Across it all? Possibly not. We understand and we come to your assistance with this simple explainer of what this big picture budget statement may mean to your every day, weekly, monthly finances. ## **Quick Catch-Up** With the convenience of catching up with your favourite shows on streaming, we provide a catch-up of what’s happened with the Budget. - On 6 October, the Budget was officially presented to Parliament, although many of the big block-bluster items had already been pre-announced or at least hinted at. - The Bill was fast-tracked through the Senate and passed on 9 October. No mean feat considering sometimes that process can take months. - The measures included in the Budget Bill are now ‘law’ and those eligible, can start enjoying the benefits. - For many individual tax-payers the big win is in the Stage 2 tax cuts. - For eligible businesses, there are benefits to be realised in the investment allowances. Now to analyse how these ‘wins’ may relate to your personal loans and business finance. ## **Personal Loan Upshots** Following the Budget passing, the ATO prepared the new income tax schedules and once your employer has updated their payroll systems, if eligible, you should start receiving more dollars in your pay packet. The tax cuts announced in the Budget were back-dated to 1 July but you’ll have to wait until the end of the financial year to receive the refund for the July-October period. But that could be good news when you receive that lump sum after submitting your tax return after 30 June 2021. Now for how this may impact your motorbike. car. boat loans or [caravan finance](https://www.jadecaravanfinance.com.au/). The tax cuts will give you a higher after-tax income and that is relevant to lenders when assessing your loan application. - Current loan holders: if you already have a car, boat, motorcycle or caravan loan through [Jade Finance](https://jade.finance) or another lender, a positive change in your income won’t have any impact on your loan. However, Jade Finance arrange Secured Personal Loans with the allowance to make more voluntary payments on your loan. So if you want to use your tax cut to pay off more of your loan, then that is a possibility. Be aware that break fees will apply when you a pay a secured loan out early. - Loan being processed: if you’ve already submitted your loan application and now you have a great nett income, this may impact positively on the loan offer you receive. You may choose to contact your Jade Finance consultant and discuss if you should amend your application form. - Pre-approved loans: if you have organised your pre-approved loan for that boat, car, caravan or motorcycle but not used it as yet, then you could discuss the options with your Jade consultant now or wait until you proceed with your purchase. Any amendments to the loan based on your increased income may be able to be made at time of loan settlement. - Applying for a new loan: if the tax cuts mean you’ll have more income then that could be the incentive to proceed with that purchase. Contact Jade Finance and discuss a quote for a car, boat, bike or caravan loan. ## **Business Finance Upshots** For businesses considering purchasing new cars, trucks or equipment, the big win in the Budget is the investment allowances. Depending on meeting the eligibility criteria, businesses can realise significant tax deductions on the purchase of new assets under the IAWO or through temporary full expensing in particular. - Under IAWO, assets need to be acquired within the eligibility period and up to 30 June 2021. Asset threshold is $150,000 and eligible businesses must have aggregate turnover of up to $500 million. - Temporary full expensing applies to businesses with turnover up to $5 billion and there is no threshold for the value of assets being acquired. - To claim temporary full expensing, assets need to be purchased post-Budget announcement, that is after 7.30pm on October 6 and prior to 30 June 2022. If you had a finance application and asset purchase ‘in process’ before 6 October, it would be our take that the date the purchase deal is actually settled that is relevant date. Temporary full expensing may be a new concept to many businesses so we’ll delve into the detail in another article devoted to an explainer on this topic. In order to appreciate these investment allowances, businesses should consider closely the choice of finance product used for their asset acquisitions. Jade Finance provides the full range of facilities but [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator) is most suited to IAWO and full expensing. The Budget certainly presented some good wins for many individuals and businesses which may be worth considering in terms of purchasing plans. **To discuss a personal loan or business finance, please contact us and speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: INFORMATION, DETAILS, SPECIFICS, GENERAL COMMENTS, MATERIAL AND DATA THAT IS POSTED IN THE ARTICLE HAS BEN ACQUIRED THROUGH PUBLICLY ACCESSIBLE SOURCES INCLUDING OFFICIAL WEBSITES AND ANNOUNCEMENTS. THE INFORMATION IN REGARD TO GOVERNMENT POLICIES, THE BUDGET, SCHEMES, MEASURES, MANUFACTUER GOODS AND SERVICES AND OTHER TOPICS IS PROVIDED FOR GENERAL INFORMATION AND NO LIABILITY ACCEPETD FOR ERRORS OR MISREPRESENTATION. INDIVIDUALS ARE DIRECTED TO THEIR OWN FINANCIAL ADVISORS FOR SPECIFIC FINANCIAL ADVICE. THIS ARTICLE IS NOT DESIGNED AS THE SOLE SOURCE FOR MAKING FINANCIAL DECISIONS.* **Categories:** Information --- ### [Your Dream Holiday: 4 Effective Financing Solutions](https://jade.finance/blog/your-dream-holiday-4-effective-financing-solutions) **Published:** June 17, 2024 **Author:** Publisher **Content:** Planning a trip is exciting, energising, anticipatory, inspiring, rewarding, and ….. costly. But it’s something everyone should do. So, if you’re itching to get yourself to the sights of the French Alps, the mesmerizing northern lights of Finland, or the upbeat pubs of Ireland – there are a number of financing options that could get you on a plane within the week. In this guide, we will discuss four ways you can [finance your dream holiday](https://jade.finance/personal-loans/travel-finance) and what JADE Finance can do for you if you require a travel loan. ## Getting ready for take off If you’ve got a destination in mind – you’re already on your way to planning a sensational trip. But before you grab your neck pillow and eye mask, there is one extremely important step to undertake. The budget. As with any financial endeavour, you need to first determine how much money you have coming in, how much money you have going out, and where you could potentially cut costs in the lead up to your holiday. If, after you have looked into these details, there is not a lot of money left in your budget – bad news, chances are you might not get approved for a travel loan and should look into postponing your trip until you are more financially stable. HOWEVER, if you still have a good sum of money left over, great news – you’re one step closer to walking down the aisle… the plane aisle. ## What are my financing options? Once you’ve prepared a budget and determined how much money you’re going to need, these are four financing options you could utilise to fund your dream holiday – ### Option 1 – Travel Loan Your first option is of course a travel loan, also known as a holiday loan. With this type of loan, your airfares, accommodation, meals, activities, insurance, and spending money are all covered. Travel loan amounts, interest rate, and repayment periods are all assessed by the lender based on your individual needs and circumstances. There are a number of benefits to a travel loan. One key benefit is most travel loans may have a fixed rate which means each monthly payment will be the same until the loan is repaid in full. Some other benefits include quick access to funds, flexible usage, and no collateral. Downsides to a travel loan can include interest and fees, strict repayment schedule and terms, and the fact that it is additional debt you will be taking on. Additionally, your credit score could be an important factor in determining whether you are approved. If you have a less than ideal credit history, you may not be approved for a travel loan. ### Option 2 – Credit Card If you are low on savings, another form of loan you could use to finance your holiday is a credit card. However, it is more risky than a travel loan. This is because while travel loans are able to be paid off in monthly repayments over time, the balance of a credit card must be repaid in full when it is due. Failure to provide the due funds could result in high fees and penalties. Not to mention, credit cards also typically attract higher interest rates than personal loans. If you are thinking about financing your trip in this way, another important consideration is that you will need to make sure your credit card is going to be accepted by your travel agent and/or other companies you intend to use throughout your trip. Additionally, if you’re traveling overseas, credit cards can also attract international fees. However, as an added convenience, some credit card providers will also offer travel insurance. ### Option 4 – Work Abroad A lot of people consider ‘remote working’ to mean working from home. But the truth is, if you can still complete your tasks every day from your hotel or on the move, while leaving time for experiences – it’s a fantastic way to finance a trip. And if your job doesn’t offer remote working, you could explore the option of working online for the duration of your holiday. In addition to taking your current job with you, there are also a large number of work and travel opportunities available across the globe. A common work and travel opportunity is hostel or accommodation providers who allow travellers to board for free or cheap in exchange for work. These can include world-wide companies such as [Workaway](https://www.workaway.info/) or [Global Work and Travel](https://www.globalworkandtravel.com/). ### **Option 5 – Savings** This is probably the one you least want to hear, but to be completely frank – the best way to finance a holiday is to save up. By using your savings to finance a trip, you will avoid risk, and borrowing fees and interest. And if you know how to save, creating a holiday fund can be done quicker than expected. To get started, the first step is to research holiday costs and set a saving goal. Once you know how much money you need for flights, accommodation, meals, travel insurance, and more, you should open a dedicated holiday savings account to help you track your progress. By transferring a portion of your income into this account regularly, your holiday fund will eventually build up to the cost of your holiday. This form of financing can be the least favourite option for a budding traveler because you will have to wait to experience your holiday. However, the earlier you start, the quicker you will achieve your goal and see the sights of countries like France, Germany, the UK or New Zealand. ## Departing Thoughts There are a number of ways to fund your dream holiday. However, it’s important to remember that holidays can be expensive so it’s important to finance your trip in a way that will work for you and your circumstances. Whether you choose savings, working abroad, credit card, or a travel loan – you can keep your expenses down by setting a holiday budget, comparing travel deals, traveling local or off-peak, booking early, making sure you’re insured, and seeking financial advice from a travel loan specialist. ## JADE Finance has travel loans to help you take off sooner If you’re a dreamer or a planner, become a traveler sooner with our affordable travel financing options. At [Jade Finance](https://jade.finance/), our expert brokers can provide travel funding for an [unsecured personal loan](https://jade.finance/personal-loans/unsecured-personal-loans), meaning no major assets or collateral are required! With a variety of holiday loans from more than 80 lenders, we’ll find the best rates and workable repayments based on your personal circumstances. Not only that, but you’ll receive your own experienced consultant to deal with every time, ensuring you find the right credit product for you. Find the best holiday loan available by calling us on 1300 000 008, or [**Request a Quote**](https://jade.finance/free-finance-quote). **Categories:** Finance --- ### [Year End Wrap: 2022 Lending Outlook - 3-peat, Defeat or Sweet?](https://jade.finance/blog/year-end-wrap-2022-lending-outlook-3-peat-defeat-or-sweet) **Published:** December 21, 2021 **Author:** Publisher **Content:** If you’re on the east coast and in La Nina’s sights, the end of 2021 has already been defined as stormy. At least on the weather front! On the business front, many are relishing the easing of restrictions to finally operate at higher levels and try to recoup lost earnings from lockdowns earlier in the year. For many others, weary of the ongoing challenges of the past 2 years, it may feel like dragging yourself to the finish line and a possible holiday to refresh and recharge. But as we saw at the end of 2020, in a global pandemic, nothing is assured. So what will 2022 hold? Will we see a three-peat, a defeat or will it be sweet? We provide an end of year wrap on recent announcements around the economy and finance as a 2022 lending outlook for those looking to purchase goods with finance. ## **MYEFO and Half-Year Budget Updates** As is required under the Charter of Budget Honesty, the Federal Treasurer, Josh Frydenberg stepped up to deliver the Government’s [MYEFO](https://archive.budget.gov.au/index.htm) – the Mid-Year Economic and Fiscal Outlook, on 17 December. While the name may not sound like something that most would rush to read, this half-yearly budget update does give especially businesses and an indication of how the Government is performing and what its outlook is moving forward. MYEFO is somewhat of a report on how budget measures have been implemented and performed and what adjustments the Government has needed to make to figures that were forecast and included in the May Budget. Here’s a few points what the 2021 MYEFO included:- - ‘Primed for lift-off’ is how the Treasurer described the economy in the lead-up to the release of MYEFO. A good sign for both businesses and individuals as we head into the New Year. - Unemployment is expected to continue its downward trend with border restrictions eased to allow skilled workers and students from overseas to return. A good sign for business operators that have been struggling with labour shortages and have been unable to open up fully to meet demand. - Omicron not expected to impact the economic rebound. - Unemployment anticipated to drop to 4.5% in 2022 and further for 4.25% in the June quarter 2023. - Real GDP growth figures expected for 2021/22 to post 3.75% and 3.5% in 2022/23. - Specific and targeted initiatives being implemented to address the workforce shortages across many industries. Individual states also release half-yearly updates around this time of year and businesses can look to these reports at their state/territory Treasury department for what opportunities may be available for their operation. ## **Interest Rates: RBA Outlook** Interest rates across all lending sectors remain at extremely low levels. The RBA has maintained the historic low 0.1% official cash rate through 2021 and that looks like continuing into 2022. Great news for those looking to purchase cars, boats, caravans, trucks and business equipment with finance. The Governor of the RBA, Philip Lowe, recently stated that while Omicron should be viewed with caution, the rebound and recovery in the economy was expected to be sustained and continue through the summer months. Staying totally ‘on message’, Mr Lowe repeated previous comments that the conditions to trigger a rate rise by the RBA Board – 2-3% sustained inflation and lower unemployment, were unlikely to occur in 2022. ## **Uncertainty around Omicron** As the year grinds to a close, the Omicron variant is an unwelcome festive visitor and certainly does not deliver cheer. But most states are sticking to their ‘lockdowns are a thing of the past’ policy and overseas studies are reported a milder but more highly transmissible variant. With thousands of cases reported in a few days and thousands forced into iso as contacts should be addressed by business. Challenges around staffing forced into iso for 7-14 days or contracting the virus due to the high rate of transmission could leave business short-staffed. Investing early in plant, equipment and machinery to improve productivity and efficiencies across the operation may be worth considering. Setting up the business now in preparation of what could be, is wise business management. Supply chain issues are tipped to continue for some time and may be exacerbated by the outbreaks and reinstatement of restrictions in Europe. While a major problem for some sectors, it can present business opportunities for others to step in and step up to provide consumers with products in demand. A process which may require the acquisition of new machinery and equipment. 2020 was very much defined by the business pivot and for those continuing in this direction, speak with us about the cheap interest rated finance solutions we can provide. ## **Consumer Finance** Many popular makes and models of cars, boats and caravans have been in the hard-to-get category over the past years. While local manufacturers are recovering, the computer chip shortage continues to cause problems. Global supply chains and the recent events in Europe may cause that to continue. To secure goods that are available in stock right now and avoid lengthy delays, consider speaking with us first to arrange [pre-approved finance](https://jade.finance/approval). By having your car, boat or caravan loan secured ahead of time, buyers can be better-placed to buy on the spot. ## **Flexible Finance a Business Essential** Regardless of what year it is, what is happening on a local or a global basis, flexible finance is an essential for business. Having access to channels which offer specialised lender and sources for cheap interest rate and tailored solutions can be a genuine life-line for many operators. With some uncertainty around 2022, [flexible business finance](https://jade.finance/business-loans/best-business-loan-interest-rates) could be a safe-guard solution to face the potential challenges. Flexible finance that is available through Jade Finance. Engage with us early, establish the connection and be well-placed for quick and easy access to the finance required to support your business growth. Through 2022 Jade Finance will continue to provide [better interest rates](https://jade.finance/personal-loans/interest-rate-calculator) and cost-effective loans and finance across our portfolio of lending markets. As the finance sector expands, we will continue to seek accreditation with new lenders to expand our range of options to deliver cheaper loans to both individuals and business. **Contact Jade Finance by phone 1300 000 008 to discuss your finance and loan requirements for 2022.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [With shows, showrooms, expos and field days cancelled, head online for purchases and finance](https://jade.finance/blog/with-shows-showrooms-expos-and-field-days-cancelled-head-online-for-purchases-and-finance) **Published:** November 1, 2021 **Author:** Publisher **Content:** Unfortunately many highly anticipated showcases and events have been the casualties of the COVID-19 pandemic. Many cancelled for the second consecutive year after the pandemic caused the cancellation of many trade shows and other selling opportunities across multiple sectors. But many motor vehicle, boat, caravan, motorbike and equipment dealers and manufacturers have pivoted and primed their online resources so buyers can proceed with their purchases. We catch you up on what events have been cancelled and rescheduled and what options you may have to proceed with your purchase and source your finance. ## **Caravan Sector** The caravan industry managed to get a number of their larger shows staged early in the year with the big Sydney and Brisbane Supershows proceeding as scheduled and highly successful. Due to the recent outbreaks across several states, the latter part of the event calendar for the year has been impacted heavily. In Queensland, the Let’s Go Sunshine Coast Expo has been cancelled but the Brisbane event is at this stage, on schedule for late October. In Victoria, the Border Expo in Wodonga is cancelled and the Melbourne 4×4 Show is pushed back from August to late November. The Melbourne and [Bendigo Leisurefest](https://www.caravanshow.com.au/) organisers are still hopeful of proceeding for their October and November respectively events. The news out of NSW is not great with the lockdown extending statewide. The Sydney 4WD Show is re-scheduled to March 2022. There are sure to be plenty of smaller regional shows which will also need to be cancelled or rescheduled so check your local event for updates. ## **Boating Industry** The Queensland boat show calendar was a great success with the Sanctuary Cove and other shows proceeding with record crowds. Unfortunately the highly-anticipated Sydney Boating Festival was cancelled and the Melbourne event cancelled early in the year prior to the recent outbreaks. Boating is prevalent in many smaller outdoor shows and those scheduled for areas not impacted by the current issues may still be proceeding, so keep an eye out for what’s on in your area. ## **Motor Vehicle Sector** With all but essential services open in some states, motor vehicle showrooms have had to close. Buyers can access news and views of the latest models from many manufacturers online. Car service and repair services should still be open to assist with necessary maintenance. ## **Equipment Field Days** The rural community and agri sectors always look forward to the annual Field Days to catch up with industry reps and see the latest machinery up close and in action. Producers also take full advantage of the Royal Show circuit to compete and compare and showcase their own produce. Many events have needed to be cancelled including Brisbane’s iconic Ekka as well as the Australian National Field Days and the Royal Melbourne Show amongst many other smaller shows. Smaller field days may proceed depending on how the situation plays out, so stay tuned. ## **Online Showrooms and Buying Tools** Prior to the coronavirus pandemic emerging in Australia, dealers and manufacturers across multiple industries had already embraced online resources to provide buyers with plenty of information and visuals of their products. Over the past 18+ months, many have further strengthened their online presence and expanded their buying tools. The caravan industry recently launched a new online, industry-driven platform, [RV Boss](https://rvboss.com.au/) as one example of a whole of sector approach. The motor vehicle industry has been very proactive in their actions, offering demos at home with vehicles brought to the buyer for inspection and online sales of new vehicles. Many manufacturers now provide online orders of new vehicles so buyers don’t miss out. Volkswagen is just one maker that is offering this service. Buyers can ‘build’ their vehicle and place orders with the online tools. We note that the soon to be launched [VW California Camper](https://www.volkswagen.com.au/en/models/california.html) is only available to order online. When making any purchases via online platforms, always follow due diligence and guidance in regard to online safe buying practices. If buying second hand goods, check the [ACCC website](https://www.scamwatch.gov.au/) for news on the latest scams and frauds and tips for safe and secure purchases. ## **Finance and Loans Tools and Resources** Jade Finance has always had a significant presence in the digital delivery of lending services and we have expanded and grown our own resources significantly over the past few years. We provide [loan calculators](https://jade.finance/personal-loans/personal-loan-calculator) across all our loan categories. These calculators and [interest rate comparison charts](https://jade.finance/personal-loans/interest-rate-calculator) have been developed to be specific to that category of goods, both for private and business buyers. The interest rates displayed are constantly updated so our customers can access the current interest rate when calculating estimated repayments. Applying for both business finance and personal loans can be done via online application forms or by phone. We understand that many of our customers prefer to speak with our consultants and we continue to provide our full services over the phone. If you are impacted by restrictions from accessing the necessary documents to support your application, our consultants may be able to assist with ways forward. Our lenders are all operating so finance and loans are available to assist buyers achieve their objectives. **Contact Jade Finance 1300 000 008 to discuss finance and loans for cars, boats, caravans, motorcycles and all business equipment needs.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [With activity in construction contracting, cheaper business and equipment finance may be a solution to moving ahead](https://jade.finance/blog/with-activity-in-construction-contracting-cheaper-business-and-equipment-finance-may-be-a-solution-to-moving-ahead) **Published:** October 17, 2022 **Author:** Publisher **Content:** For now four months consecutively, the construction activity report as indicated contraction in two sectors of the market – housing and apartments. One of the key reasons is seen as the [RBA](https://www.rba.gov.au/) rate rises and with further increases expected and the lag between rate rises and effect in building being realised, operators may be feeling concerned. **Cheaper business and equipment finance through Jade Finance may present a solution for operators facing challenges with construction activity contractions**. In addition to the contraction being recorded in the residential building and construction sector, uncertainty is also present over the economy in general. The RBA Governor Philip Lowe included reference to uncertainty around the global economy in several monetary policy statements this year. Treasurer Jim Chalmers has also made a number of comments around the probability of a global recession and Australia may not necessarily be spared. The overall scenario, especially after the optimism surrounding Australia’s impressive recovery from the pandemic crisis, may be quite confronting for business owners to process. Individual operators may see the situation as sign to be proactive in addressing potential risks. Others may already be facing issues. Where a business is facing cash flow issues, support with a [Business Overdraft](https://jade.finance/business-loans/business-overdraft) may be a workable way round. For those that still need to buy new machinery and can’t put off those decisions, sourcing the [cheapest equipment finance](https://jade.finance/equipment-loans) will no doubt be a priority. The September Performance of Construction report may provide insights for operators and our overview of finance options may provide assurances that support is available. ## **Construction Performance Report** The Ai Group and the HIA (Housing Industry Association) issued the [PCI](https://www.aigroup.com.au/news/reports/2022-economics/australian-performance-of-construction-index-australian-pci-september-2022/) which reports the activity in key sectors of building and construction. The September report reveals that both the house and the apartment sectors are in ‘deep contraction’ and the decline rate has lifted in comparison with the August data. The commercial construction sector posted an improvement and the engineering sector remained stable. New orders in commercial are given as the reason for the strong performance. Economic uncertainty and rate rises are placing pressure on demand. Enquiries for new orders have declined for home and apartment builders. Supply-wise, the ongoing issues with supply chains are continuing to affect growth. However, the report sees some early signs of this situation easing. Improvements are also recorded in employment. According to Peter Burn, Chief Policy Advisor, the residential sectors were clearly being negatively impacted by higher interest rates. He said that in coming months, the lag effect could be felt as the impact of the recent RBA rises is realised. On a positive note, Mr Burn said builders in this residential sector could feel some level of comfort as the RBA slows down the rate of its increases. The HIA’s Nicholas Ward noted that in the COVID-19 pandemic period, many builders had accumulated a good pipeline of work. He said that it would be a lengthy time before the weaker demand was realised in less activity on the ground. With now four months of building activity contraction after the sector was significantly busy in the pandemic, the big change-up and prospects may leave some with reason for concern. Possibly bot immediately but in forward planning. Concern may be alleviated by addressing the cost-side of the business with a review of finance and business loans. This is an area where we where can offer positive support and assistance. ## **Workable Finance at Cheaper Rates** We provide finance to all types of business operators in the construction and building sector. These facilities include general commercial loans and equipment finance. With the price tag on many pieces of construction equipment, the loan can be critical to a business being in a position to proceed with acquisition. While many banks have strict guidelines around approving commercial loans and finance, our non-bank lenders that specialise in this sector, can show greater flexibility. This may relate to being more negotiable on the finance rates and/or with the loan amounts they will approve and to the structure of the finance. How the equipment finance is structured plays an important role in achieving a solution that will work with cash flow and deliver positively for the operator. Elements of the loan such as the loan term and the amount of any residual or balloon are covered in detail by our consultants who work to negotiate with lenders for the best outcome. Reviewing the rates we are achieving across our portfolio illustrates how ability to deliver on cheaper rates. The [finance calculator](https://jade.finance/equipment-loans/equipment-finance-calculator) provides operators with the essential tool to plan major equipment acquisitions and can assist in making decisions around other business finance as support measures. **Contact Jade Finance 1300 000 008 to discuss general commercial loans and asset acquisition finance for construction equipment.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Winter – Great Timing for Boat Shows and for Boat Loans](https://jade.finance/blog/winter-great-timing-for-boat-shows-and-for-boat-loans) **Published:** May 30, 2022 **Author:** Publisher **Content:** Much of the country may be starting to shiver with the onset of winter and thoughts may be far away from the joys of being out on the water, boating. Except of course for fishing enthusiasts who appreciate the less crowded ramps, less crowded fishing spots and the species that are at their best in the cooler climates. Contrary to natural instincts, winter is a great time to think boating. It is the timing for some of Australia’s most iconic and prestigious boat shows. Winter 2022 could be a very advantageous time to secure a boat loan as the RBA looks like increasing rates again very soon. Reasons why those in the market for a new boat should consider buying in winter include boat shows, supply and current attractive interest rates on boat loans. Boat shows present opportunities to see a wide selection showcased in the one place. The chance to compare a lot more easily than having to visit multiple dealerships. Supply issues persist across many manufacturing sectors and delaying that order could mean stretching delivery times even further. But we think the interest rate scenario is probably one of the most compelling reasons to expedite that boat purchase. Australia has enjoyed record low lending rates over a long period and a level complacency may have snuck in. Time for a reality check and time to act. Let’s take a look at the opps on the boat show calendar and the loan market. ## **Sanctuary Cove Success** The Sanctuary Cove International Boat Show was once again a massive success. Organisers noted numerous highlights which marked the success of the iconic event:- - International and local debuts for numerous models including luxury brands Maritimo, Riviera and Princess. - Multihulls selling well and the Trimaran Neel 43 launch. - First Australian showing of Sea Fox 328 and Sea-Doo Fish Pro. - Trailer boats selling well, especially Whittley’s cruiser SL and the fishing model, the SL. Plenty more great reports coming out from the show. For those that missed it, circle May next year as a much-attend! ## **July Boat Shows** Sydney’s turn to host is not far away with the Sydney International Boat Show set to get underway on 28 July at Darling Harbour. Following a few years of COVID disruptions, boating enthusiasts will be thrilled to see this iconic event return to normal proceedings. Both on-water and undercover displays will feature with the event taking over the marina space as well as space in the ICC. Tickets go on sale this week and it’s sure to be heavily booked. So [get in fast](https://sydneyboatshow.com.au/) to secure your tickets. The show runs for 5 days until 1 August. We’ll stay across notifications to report back here with updates. Also on at the same time is the Jeanneau Show at The Spit in Mosman. Being held at the company’s office and marina space at d’Albora Marinas rather than at the main Sydney Boat Show due to issues around availability of some vessels. For those in the market for yacht note that point – limited stock! This is a key reason to select and order your boat to ensure prompt delivery. This supply issue is the result of numerous factors including the pandemic and microchip shortages and is affecting many industries. Boat buyers wanting quick delivery may need to canvass a broader selection of brands to source a model which meets their budget, requirements and timeframe. ## **Looking ahead to Melbourne** Victorians that can’t make it north for the Sydney events can look forward to October for the [Melbourne Show](https://www.melbourneinternationalboatshow.com.au/) at Docklands. No details have been released in regard to exhibitors but people can register their interest for updates. ## **Boat Finance Planning** Regardless of whether you plan to inspect your selection at individual marine dealerships or at one of the upcoming boat shows, securing the boat loan first can be a smart move. Jade Finance offers pre-approved [boat loans](https://jade.finance/boat-loans) so our customers are ready to order the moment they find the boat available to purchase. Pre-approved loans are available at the same [interest rates](https://jade.finance/personal-loans/best-leisure-rates) as would apply if the loan application is made after the deal on the boat is done. So they don’t cost more but can add value to the process. Having boat finance pre-arranged provides buyers with confidence to negotiate more strongly on the purchase price. Dealers that know a buyer can place an order immediately may have a tendency to be more flexible on price. For those unsure of exactly how much they may be approved for, the pre-approved option is ideal. We source quotes based on our customer’s guesstimate of what the boat they want may cost. If the repayments on that quote are outside the customer’s ballpark, we can revise the application to a different loan amount until all loan elements meet the requirements. Having this information enables buyers to tailor their wish-list to suit their loan affordability range rather than pursue options which do not meet their finance objectives. For boat buyers keen to get a good deal on both their boat and their boat loan, winter is no time to hibernate. Give us a call to [get a quote](https://jade.finance/approval) underway and get out and about to hunt up a great boat deal at a dealership or a boat show. Tip: if you can’t make a boat show in the capital cities, look for many of the outdoor shows in regional areas which also include boat exhibitors. **Contact Jade Finance 1300 000 008 for a pre-approved boat loan in time to buy a new boat this winter.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Will the election impact personal loans, business finance and interest rates?](https://jade.finance/blog/will-the-election-impact-personal-loans-business-finance-and-interest-rates) **Published:** April 19, 2022 **Author:** Publisher **Content:** These past few years have been packed with financial measures and initiatives implemented by the Government as stimulus levers and actions to address the economic impacts on individuals and business caused by the pandemic. Add to that the recent Federal Budget to take in and the talk around interest rate rises. There has certainly been a lot of info around finances for many to get their head around. So it’s probably not surprising that some people might have queries and concerns around if the upcoming election will have any impact on personal loans, business finance or on interest rates. These concerns may relate to whether purchase decisions should be delayed until post-election, if the interest rate will change if the government changes, will taxes go up and income be affected and many other possible questions. Adding to this for businesses is the advantages that may be realised by making equipment purchases pre-EOFY and hence not holding off till the election outcome plays out and the high possibility of a rate rise from as early as the June [RBA](https://www.rba.gov.au/) meeting. Yes, there is a lot of issues going on which may or may not have an effect on [personal loans for cars](https://jade.finance/car-loans/personal-secured-car-loans), motorbikes, caravans and boats and for [business finance](https://jade.finance/business-loans/best-business-loan-interest-rates) for the acquisition of trucks, vehicles and equipment. To assist in shedding light on some of the issues we address some of the basics around the connection between government and finance. ## **Policy Changes** A change of government can result in policy change in direction. Parties campaign on their key platforms and approaches. If elected it is assumed that they would act and enact these policies. This does not always happen and often it takes time. If there is a change in government, some existing policies may be altered but in some cases that involves changing the legislation, which can be a lengthy process. For business owners, campaigning commitments may represent opportunities in some industries or sectors. These prospects may present reasons to proceed in a certain direction and acquire equipment or machinery to be ready to take advantage of such actions. The timing of this [Federal Election](https://www.aec.gov.au/Elections/federal_elections/2022/) could be seen by some as somewhat confusing in relation to the recent announcement of the Budget. That timing was brought forward to March to fit with the May election timing. Some of the measures in the Budget will be required to be passed by Parliament which would happen when Parliament resumes. Once an election is called, the Government goes into ‘caretaker mode’. In this mode, certain actions cannot be undertaken. In regard to certain key Budget measures such as the Low and Middle Tax Offset, the opposition stated at the time that they would not block any of the budget measures which would ease the pressure on the costs of living. The Labor Leader and Shadow Treasurer did indicate that if it was to win government, it would release a mini budget later in 2022. So that could include a change to some existing measures or programs. The 6 month reduction in fuel excise did come into effect from budget night. ## **Lending Rates** With interest rates a major determinant of the cost of personal loans and business finance and the RBA expected to start lifting the cash rate in the near future, the outcome of a Federal Election on interest rates is likely attracting – lot of interest! To understand how government policies may have an effect on lending interest rates requires a basic awareness of the link between fiscal policy and monetary policy. Establishing fiscal policy through financial measures and budget measures is the role of the Government. Establishing monetary policy by setting the cash rate which then flows onto lending rates is the role of the RBA. The link is that fiscal policy is designed to have an impact on the economy, especially in this discussion, unemployment and other key dynamics including inflation. These are the two key numbers that the RBA considers when deciding on changes to the cash rate that is setting monetary policy. Creating more jobs is the approach taken by both major parties but often achieving that via varying routers. More jobs effectively means lower unemployment. The financial markets often react independently and individually to stances taken by government and to the introduction of policies that they see as advantageous or disadvantageous to their position. These moves can potentially affected the interest rates offered on different loans by the individual lenders. The types of loans available do not get affected by elections and government policies. The features of the range of personal loans and business finance remain constant:- - Secured Car, Boat, Motorbike and Caravan Loan - [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator), Lease and Hire Purchase for Business Vehicles - Rent to Buy, Hire Purchase, Lease and Chattel Mortgage for Business Equipment In summary, there is a connection between Government policy and lending rates through the effect of fiscal policy on monetary policy decisions. But an election outcome itself should not have a direct bearing on loans and finance options or interest rates. **Contact Jade Finance 1300 000 008 for quotes on business finance and personal loans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Will JobTrainer Benefit Your Business?](https://jade.finance/blog/will-jobtrainer-benefit-your-business) **Published:** July 22, 2020 **Author:** Publisher **Content:** As Australia enters another phase of the COVID-19 pandemic, supposedly the recovery phase, the Federal Government has announced another business support program – JobTrainer, which may represent opportunities for your business. The JobTrainer package is designed to support businesses and individuals in the skills area with funding to ensure the workforce is prepared for the jobs that will be required in the future. Announced by the Prime Minister Scott Morrison and [Senator Michaelia Cash](https://www.aph.gov.au/Senators_and_Members/Parliamentarian?MPID=I0M) on 16 July, the JobTrainer package represents a $2 billion investment by the Government in several specific areas. While the full detail is yet to be announced, we consider it timely to give you a heads-up so you can start thinking as to how your business may benefit and what finance you may require enable your business to take full advantage of the offering. ## **JobTrainer Overview** The focus of the package is on skilling the workforce to take on the jobs that are foreseen to be required by Australian businesses in the recovery and growth post-COVID 19. It covers support for apprenticeships and support for businesses. ## **Wages Incentives and Subsidies for Business** As part of the initial coronavirus stimulus package, the Government included an initiative for businesses to retain apprentices. This initial package which was launched in March 2020 was valued at $1.3 billion and this [new measure through JobTrainer, adds another $1.5 billion](https://au.news.yahoo.com/scott-morrison-announces-2-billion-job-trainer-package-132309954.html) to expand the incentive for business to keep apprentices. Small businesses are already included but the new wage subsidy scheme will be expanded to include medium-sized enterprises that is with under 200 employees. It covers employees that were in employment at 1 July 2020. According to the PM’s announcement, this means 90,000 businesses and that may include yours – worth checking out. The initial program announced in March 2020 was due to expire at the end of September 2020 in line with many of the other initial stimulus measures. However, this latest announcement extends the program to March 2021. What’s included? 50% of the wages for trainees and apprentices, up to a cap of $7,000 each quarter. ## **Support for Apprentices** This new package is aimed to provide support for apprentices by their employer businesses being better placed due to the wage subsidy, to keep them on and allow them to continue with training and to achieve their qualifications. It also provides 340,000 new training places which should benefit school leavers in particular and those that are now on [JobKeepers](https://www.ato.gov.au/individuals-and-families/financial-difficulties-and-disasters/covid-19/jobkeeper-payment) to acquire the skills that it is expected businesses will require. The courses involved will be provided at low cost or free in some sectors. ## **Recovery Pathway** The Government sees the JobTrainer package as a vital component for the economy to move through the recovery phase and rebuild, cognisant that the structure of industry may have changed due to COVID-19. Some businesses have changed focus and even the products and services they were providing and producing. The objective is to ensure that the workforce is skilled to provide businesses with the resources they require. The specific skills, training and apprenticeships included will be determined on a state-by-state basis with each state and territory government decided which they require to meet the demands of their sectors. ## **Potential for Your Business** How your business may benefit from the package of course depends on individual circumstances, but as we work with many businesses across numerous sectors we anticipate a lot of our customers may see this as a lever to enable investment and growth. - It may give you the confidence to move forward with asset acquisition plans. - The wage subsidy may free up cash flow to make purchases of motor vehicles, trucks or business equipment. - The prospect of skilled workers being available in you key sector may be the game-changer you require to expand with new machinery. ## **Making ‘Potential’ a Reality** [Jade Finance](https://jade.finance) provides a wide range of business finance products that enable businesses to turn potential opportunities into reality. Without cost-effective loans and finance packages, businesses are usually hamstrung when it comes to putting their expansion and investment plans into action. Our consultants work closely with our business customers to develop financial solutions which facilitate investment, asset acquisitions and provide ongoing cash flow support. Workable equipment and machinery finance, tailored to your requirements. - [Cheap truck loans](/truck-loans). - Structured business vehicle finance. - Non-bank lender overdraft facilities. - [Insurance Premium Funding](https://jade.finance/insurance/insurance-premium-funding). - [Debtor Invoice Funding](https://jade.finance/business-loans/debtor-invoice-funding). - Secured and Unsecured Business Loans. All finance deals are sourced from our large number of banks and non-bank lenders, which include lenders that specialise in key industry sectors and in key equipment acquisitions. If you have finance requirements that will enable you to take full advantage of JobTrainer or any other government support measure, have a confidential discussion with one of our consultants about how Jade Finance can assist you. **To discuss your business finance requirements contact Jade Finance 1300 000 008**. *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. INFORMATION ON INDIVIDUAL VEHICLE SPECS IS SOURCED FROM THE MANUFACTURER WEBSITE. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [Why the increased interest in Chattel Mortgage Business Finance?](https://jade.finance/blog/why-the-increased-interest-in-chattel-mortgage-business-finance) **Published:** January 31, 2022 **Author:** Publisher **Content:** When it comes to purchasing new assets such as cars, trucks and equipment, businesses have a choice of several types of business finance – Lease, Hire Purchase or Commercial Hire Purchase, Rent-to-Buy and Chattel Mortgage. The decision around which loan type to select will involve considering the features and benefits of each in the context of the structure and goals of the individual operation. As broker-lenders our role is to source and negotiate the loan while the business’ accountant is best placed to offer guidance in finance product selection. While we do not take on the role of advising businesses which finance product to select, we are regularly asked for information on what is the most popular loan type or which one do most other businesses select. For that we can provide a response. [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) is a highly popular form of business finance as it suits many businesses and is ideally suited for those wanting to utilise temporary full expensing. While always a widely-used form of finance, there has been an increase in interest and requests for quotes for Chattel Mortgage since the introduction of Instant Asset Write-Off and [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing). We detail why this form of business finance represents such an effective finance option for a wide range of businesses and the acquisition of many types of business equipment. ## **Chattel Mortgage Features** Compared with some of the other loan types, Chattel Mortgage may have an unusual name. But in reality it has a very straightforward and easily understood format. For your information, the chattel refers to the goods being finance and the mortgage is the loan itself. To assist in understanding this type of finance, there are banks and lenders that simply refer to this finance product as Truck or Equipment Loan or Business Vehicle Loan. Chattel Mortgage is highly versatile and suits the purchase of all types vehicles to be used in a business including cars, utes, vans and others; trucks; and an extensive range of equipment required by business in all industry sectors. It suits businesses that use a cash accounting method – a widely-used accounting method by Australian businesses of all sizes. The format is straightforward in that the goods are used as security for the finance. The lender accepts the goods as guarantee. Repayments are set-up in equal, fixed monthly amounts over the fixed finance term. The finance term will be dependent on the goods being acquired and your Jade Finance consultant negotiates the most appropriate loan term possible. A balloon is an option with Chattel Mortgage. This is a percentage of the acquisition price of the goods which is due to be paid at the end of the finance term. Balloon amounts can be used extremely effectively to achieve target finance repayments. Your Jade consultant will handle negotiations around the balloon for you but you can see how it works by using our [finance calculator](https://jade.finance/business-loans/chattel-mortgage-calculator). Ownership of the goods immediately is transferred to the business and the goods are entered on the balance sheet of that business. With the asset in the balance sheet, the business can depreciate the goods in line with the relevant [ATO](https://www.ato.gov.au/) rulings. The finance repayments are not a tax deduction, just the interest portion is. The business receives the major deduction in its tax return through asset depreciation. The GST on the purchase can be claimed in its entirety on the BAS following purchase. ## **Chattel Mortgage Interest Rate** Interest rates are at historic lows across the lending sector as the RBA has held the cash rate at the lowest ever 0.1% rate since November 2020. But interest rates on business finance products and for different types of equipment are different. Chattel Mortgage attracts the lowest rate compared with other forms of finance. The low interest rate applied to Chattel Mortgage is certainly a factor which attracts a lot of attention for this finance product. ## **Attractive Taxation Measures** As mentioned at the outset, the introduction of accelerated asset depreciation measures such as temporary full expensing, has certainly increased the interest in Chattel Mortgage as a form of finance. Under this measure, businesses that meet the eligibility criteria can claim the full purchase price of the eligible business goods being acquired in the year they were purchased. This is a massive advantage as it allows the business to claim a significant tax deduction in one year. Compare this to normal depreciation rulings which allow only a percentage of the value of the goods to be deducted as a business expense each year. Businesses and the assets being acquired must meet the temporary full expensing criteria in order to be eligible to claim the deduction. Temporary full expensing is in place until June 2023. ## **Sourcing Chattel Mortgage Finance** Jade Finance provides Chattel Mortgage at better interest rates to finance cars, business vehicles, trucks and equipment. It is available for all types of businesses – SMEs, large corporations, partnerships, sole traders and others. Even new businesses and start-ups can apply for Chattel Mortgage for their equipment as we provide Low Docs and No Docs Loans with this type of finance. There are many reasons why businesses choose Chattel Mortgage to finance their acquisitions. For a quote for your upcoming purchase, contact Jade Finance to discuss your requirements. **Contact Jade Finance 1300 000 008 to request a Chattel Mortgage quote for your impending business equipment acquisition.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Why pre-approved loans can be a smart decision](https://jade.finance/blog/why-pre-approved-loans-can-be-a-smart-decision) **Published:** November 9, 2021 **Author:** Publisher **Content:** The traditional or customary way to approach seeking a consumer loan or business equipment finance is to select the goods, do the deal with the seller and then start the search for finance. This process is fine in many circumstances. But there is an alternative and one that is gaining popularity due to its advantages – pre-approved loans and finance. Jade Finance offers pre-approved loans across our portfolio and the benefits this approach presents can be extremely valuable to buyers of cars, boats, motorbikes, caravans, trucks and the full range of business equipment that we finance. We explain how pre-approved loans work, how to apply and the advantages that this approach offers over the traditional post-purchase approach. ## **How a Pre-approved Loan Works** The ‘pre’ in pre-approved loans refers to being approved for finance prior to the purchase of the goods. More specifically, before making a definite commitment to buy by placing an order or a holding deposit. The application, approval and processing process is similar to that of loans that are applied for after a purchase commitment is made. The same application form applies as do all the legal and regulatory requirements for consumer finance as set out by [ASIC.](https://asic.gov.au/) As a Licensed Credit Provider, Jade Finance abides by the [Responsible Lending Guidelines](https://asic.gov.au/for-finance-professionals/credit-licensees/credit-representatives/) and Regulations. These cover the information which must be collected from the loan application and the information on credit which must be provided to the applicant from the lender. A pre-approved loan application with Jade Finance is done on a no-obligation basis. So if you have a pre-approved loan and change your mind on proceeding with buying anything at this point, it is not a problem. Pre-approved loans do have a timeframe attached which your Jade consultant will advise at the time. If the time expires between approval of the loan and acting on the loan, the terms, conditions and pricing will need to be reviewed. At the time of applying for a pre-approved loan, applicants usually do not know exactly how much the goods will cost. For example, with cars, they may be well aware of the advertised price of a vehicle but not totally sure of the on road and other costs and what discount and trade-in they may receive which will reduce the purchase price. Therefore, an estimate of the total loan amount is submitted in the loan application. When the purchase is made and the seller invoice provided to the Jade consultant for settlement with our lender, then the exact amount of the loan is finalised. Any alteration to the repayments are also made. ## **Advantages over Post-Purchase Loans** We identify many reasons and situations where pre-approved loans have an advantage over post-purchase or traditionally procured finance:- - Capture low stock items. With your loan ‘in your back pocket’ you’re ready to sign up on the first visit to the showroom. With stocks of some goods in short supply at the moment due to global supply chain issues this can present a distinct advantage. - Improved negotiating position. Most sellers love a ‘cash buyer’ that is ready to pay for the goods straight away rather than having to wait while they go through the loan application process. A pre-approved loan essentially places buyers in a similar position to a cash buyer. Ready to sign and potentially in a good position to negotiate on price. - Essential when buying at auction. Many auction houses will expect payment on the fall of the hammer. A pre-approved loan provides you with the confidence to bid to your loan limits and settle quickly. - Provide buying confidence. Going off to look at cars, boats etc without a definite idea that you can get the finance to buy can be worrying. A pre-approved loan gives buyers confidence in the knowledge that they do have the capability to pay for the goods. It also provides a useful gauge to what you can and can’t afford and hence avoid committing beyond your limits. - Avoid knee-jerk reactions. Without a pre-approved loans, buyers may be tempted to sign up for more expensive dealer finance or ‘desperation’ high cost loans. ## **Interest Rates on Pre-approved Loans** The [interest rate on a pre-approved loan](https://jade.finance/personal-loans/best-personal-loan-interest-rates) would be the same as when an applicant applies after committing to the purchase. So our cheap interest rate loans apply. If wanting rough repayment estimates on loans, those seeking a pre-approved loan can use our loan calculators and interest rate calculators. Jade Finance provides pre-approved loans and finances across our consumer and business product portfolio. The same features and benefits of each loan type apply. - [Personal Car Loans](https://jade.finance/car-loans/personal-secured-car-loans) - Business Vehicle Finance - [Secured Boat Loans](https://jade.finance/boat-loans) - Secured Caravan Finance - Truck Loans - [Equipment Finance](https://jade.finance/equipment-loans) - Marine Finance - Secured Motorbike Loans Be on the front foot when approaching a significant purchase by securing a pre-approved loan. **Contact Jade Finance by phone 1300 000 008 to discuss a pre-approved loan for your upcoming purchase.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Why is my loan offer different from the finance calculator estimate?](https://jade.finance/blog/why-is-my-loan-offer-different-from-the-finance-calculator-estimate) **Published:** July 25, 2022 **Author:** Publisher **Content:** A finance calculator is a great tool for both businesses and individuals planning major purchases with finance. They can be accessed from devices with internet connection, used when and where the individual likes, at all hours and by anyone. Use of a calculator can be extremely beneficial to make buying decisions between different models, to prepare business budgets and just to get a rough idea of what that purchase price may represent in terms of loan repayments. But for those that do not use the calculator properly and/or fully appreciate the results obtained, any loan offered received later, may come with a surprise. One of the major queries that users face in this situation is why the loan offer they are made is different from the results they worked out with the finance calculator. Differences can arise between finance calculator estimates and loan offers due to a range of issues including use of the device and the loan application. If you’re going to proceed to make a major purchase based on repayment estimates from a calculator then you should be fully across the workings of a finance calculator. We provide a number of [loan calculators](https://jade.finance/car-loans/car-finance-calculator) which have been structured for either personal loans or business finance purposes as indicated. Understanding how to correctly use the calculator and how to interpret and use the results obtained may better assist users when proceeding to apply for finance and make purchases. ## **Correct Use of a Finance Calculator** We have detailed the steps involved in the use of our finance calculators and all users are urged to read the information including the disclaimer prior to use. The operation itself includes only a few simple steps which most people can easily conduct. But the true value of this tool comes in the correct interpretation of the results calculated. The operational steps are:- - Type in the loan amount you want for the purchase. - Select the number of years/months you would prefer to repay the loan. - If not already showing on that particular calculator, enter the relevant interest rate that we are currently displaying for the goods being purchased. - Click the calculate button. Once these steps have been completed, a figure will be displayed. This is the estimated monthly repayments based on the data that has been entered. But it is only an estimate or a ballpark figure. The exact repayments and interest rate that may apply to your specific finance application may differ. ## **Offer different from calculator estimate?** We’ll now go through a number of reasons why a loan offer you are made may be different from the repayment estimate obtained by using a finance calculator. - Change in loan amount. You may have entered say the RRP for a new car and not allowed for on road costs. You may have selected options and accessories on the goods being purchased which has increased the amount required for the loan. - Different loan term. The loan term approved by the lender based on the application may be different from the term entered into the calculator. Longer terms can result in higher repayments and shorter terms in lower repayments. - Used the wrong interest rate. Interest rates vary across different lending markets. Jade Finance provides finance for cars, [caravans](https://jade.finance/caravan-loans/caravan-loan-calculator), motorbikes, boats, trucks, business equipment and commercial loans. The rates differ for these loan categories. You may have inadvertently entered the wrong interest rate or used the calculator set up with the rate for different goods. - Credit profile doesn’t meet eligibility for that lowest interest rate. The rates advertised by lenders are for good credit profile applicants. If your [credit score](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) is less than good, you may not be offered that lowest rate. - Different rate offered. A different interest rate may be offered due to credit profile, used v new goods and for equipment in different industries. - Different interest rate applies to the goods being purchased. Used goods may attract a higher interest rate than the best rate being advertised. The type of goods or equipment may also attract a different interest rate. - Fees and charges not allowed for. The calculator does not allow for all the fees and charges that may be applied by different lenders. These vary from lender to lender. Allow a contingency, possibly in the loan amount entered, to cover any variations. - Interest rates have changed. The [RBA](https://www.rba.gov.au/) has increased interest rates in the past three months and more rate rises are set for the months ahead. Some lenders increase their rates ahead of RBA decisions. The rate may have changed since you used the calculator. - Different business finance product selected. With business finance, the interest rate varies across the selection of finance products. You may have used the calculator based on the rate for one product but received a loan offer for a different product. ## **Pre-approved Loan is a Great Option** To avoid surprises and be in a position to proceed with confidence, consider pre-approved finance. All our loans and finance can be applied for ahead of the purchase. This will provide a set loan offer with a time frame for activation. **Contact Jade Finance 1300 000 008 for pre-approved finance and set repayment amounts** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Which motor vehicles to buy now? Top selling makes and models to consider](https://jade.finance/blog/which-motor-vehicles-to-buy-now-top-selling-makes-and-models-to-consider) **Published:** November 1, 2021 **Author:** Publisher **Content:** The Australian motor vehicle market is vast, with a large number of manufacturers and an even larger number of models for buyers to select from across all categories. Making the choice has to which vehicle is right for you can come down to personal factors while others take a purely practical approach to the decision-making process. For those in the market for a new car and still in the ‘undecided’ category, we provide the latest July sales figures to bring you up to speed on the best-selling makes and models. Being mindful that sales in July would be influenced by EOFY sales and tax incentives for business buyers. In addition, some manufacturers have been hampered in getting their vehicles to market due to the global computer chip shortage and issues around COVID-19., ## **Motor Vehicle Sales: July 2021 Data** The sales figures for motor vehicles are released each month and can provide prospective buyers with an indication of what other buyers have already decided as a good buy – the research done for you possibly! We acknowledged the auto industry experts who have collated the data into various groupings so we can provide you with rankings based on maker, category and price range. Top sellers by brand has [Toyota](https://www.toyota.com.au/) on top of the rankings again, followed by Mazda and then Ford. Also appearing in the top 10 are [Kia](https://www.kia.com/au/main.html), [Mitsubishi](https://www.mitsubishi-motors.com.au/), Hyundai, VW, Isuzu Ute, MG, Mercedes-Benz (vans and cars together). Just outside the 10 was Subaru and Nissan. Also posting good sales figures was BMW, as well as Land Rover, Skoda, GWM, MG and LDV. On the ‘not so good’ side, those brands that posted a worst result compared with the same month in the previous year were Honda, Peugeot and Alfa Romeo. With the both the Victorian and NSW state governments offering incentives for electric vehicle buyers in their respective state budgets, the sales of EVs was a record result. ## **Model and Category Rankings** In assessing the brand rankings, you need to remember that this data includes sales of both passenger/private vehicles and business vehicles and Toyota and Ford are always battling it out with their highly popular utes and vans. SUVs are continuing to out-sell other passenger models. So we provide a breakdown of some key categories to give greater clarity and hopefully direction for your purchase. Micro, small and light passenger cars: This includes prices up to $40,000 and a number of size categories. Top selling models include the Kia Picanto, MG3, Mini Hatch, Toyota Corolla and Mercedes-Benz A Class. Also highly ranked: Fiat 500, Mitsubishi Mirage, Kia Rio, VW Polo, Audi A1, Citroen C3, Hyundai i30, Kia Cerato, BMW 1 and 2 Series. Medium sized passenger cars: Ranked by size rather than price, the top sellers are BMW 3, Toyota Camry, VW Passat, Lexus IS, [Mercedes-Benz CLA](https://www.mercedes-benz.com.au/passengercars/models/coupe/cla/overview.html) and Mazda 6. Large sized passenger cars: Combining several categories, the top sales figures were posted by BMW 5 and 7, Porsche Taycan and Panamera, Chrysler 300, Kia Stinger, Skoda Superb and Mercedes-Benz E and S Classes. People movers are great for families and a range of business operators. Buyers should consider the Kia Carnival and the VW Multivan for best sellers. But new models in this category are also on the horizon – stay tuned and check with dealers. The sports car category has a vast price range, right up to $200,000+, but does include a selection in the sub $80,000 range. Best-selling sports models include Porsche 911, Ferrari, Bentley Continental, Ford Mustang, Mazda MX 5, Mini Cabrio, BMW 4 and Mercedes-Benz C and E classes. SUVs continue to out-sell passenger cars and buyers have a wide choice in light, small, medium and large models. Depending on your requirements, look to: Mazda CX-3, MG ZS, Audi Q3, Mazda CX 5, Toyota Prado, Mercedes-Benz GLE, Toyota LandCruiser and Mercedes-Benz GLS as the top sellers in the individual light/small/medium/large/upper large categories. Cab chassis utes are the top selling work vehicles and the top rankings go to Toyota HiLux, Ford Ranger and Isuzu D Max. That should provide buyers with plenty of browsing time if in lockdown at the moment. While browsing, use our [Car Loan Calculator](https://jade.finance/personal-loans/personal-loan-calculator) to compare estimated repayments on the different models that attract your attention. With our [cheap interest rates](https://jade.finance/personal-loans/interest-rate-calculator) you may find a higher priced vehicle comes in within your budget. ## **Making Your Car Finance and Loan Selection** Selecting the vehicle is one part of the car buying process, the other is selecting which loan product is best-suited to your requirements. As specialists in motor vehicle lending, Jade Car Loans offer the complete portfolio of both private and business finance products. - Private buyers cover cars purchased purely for personal use and the [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans) is hands-down the most popular type of loan. It’s versatile and covers all types of cars and price ranges when purchased by an individual. - Businesses have a wider choice of [finance products](https://jade.finance/business-loans/business-car-finance), with the decision based on which is best-suited to the individual business. The choice is between Chattel Mortgage, Leasing and Commercial Hire Purchase. Hopefully we have provided some clarity to your car buying process and a quick call to one of consultants will assist you further with a car finance quote and additional information on car loans. **Contact Jade Finance 1300 000 008 for a quote for your business or private car finance requirements** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Which is the best personal loan: Secured or Unsecured?](https://jade.finance/blog/which-is-the-best-personal-loan-secured-or-unsecured) **Published:** July 11, 2020 **Author:** Publisher **Content:** Good question and the simplest answer is that the best loan is the loan that is best suited to your individual circumstances and the goods you are purchasing. OK, that may not be the answer you were looking for so we will elaborate by explaining the differences between unsecured and secured loans and where each may be more appropriate or required. When you’re seeking a loan to buy a car, motorbike, boat, caravan or other major consumer good the loan options are primarily a Secured Loan or an [Unsecured Personal Loan](https://jade.finance/personal-loans/unsecured-personal-loans). A Secured Loan is the most popular and most commonly utilised. But there are a number of aspects to consider in making the choice and they relate to what you are purchasing, features of each loan type and the suitability to your individual financial requirements and circumstances. At Jade Finance we offer both Secured Loans and Unsecured Personal Loans and handle every customer’s loan request on an individual basis. Providing a general answer as to which is better is not possible with so many individual factors to be considered. ## **Secured and Unsecured Personal Loans: Explainer** - Both loans may be available for the purchase of boats, cars, caravans and motorbikes, depending on individual lender requirements. - They have some similarities and some key differences. - A Secured Loan is the more popular and depending on your purchase would be known as a [Secured Car Loan](https://www.jadecarloans.com.au/secured-car-loans), Secured Boat Loan, Secured Motorbike Loan or Secured Caravan Loan. - With a secured loan, the lender uses the goods you are purchasing, ie car, boat, bike, caravan, as security against the money being borrowed. - If the borrower defaults on the loan that is, fails to make the required repayments, the lenders holds the right to take action and repossess the goods to recoup money owed. - With an unsecured loan, no security is offered by way of goods, against the money loaned. - As an unsecured loan has no security against any goods, it is known as an Unsecured Personal Loan. - The reasons why a borrower may not offer the goods being purchased as security against a loan may include that age of the goods (car, boat, bike) is older than the lender will accept as security; the goods may be of a unique/custom/other type or in a condition which is not accepted by a lender as security; and other reasons. - With no security offered, an unsecured loan is assessed as a higher risk loan than a secured loan. As such, this type of loan attracts a higher interest rate and may also attracted additional conditions or charges. - These higher charges are to cover the lender if the borrower defaults as there is no goods to repossess to recoup outstanding debts. - Secured loans feature a fixed interest rate while unsecured loans can have either a fixed or a variable interest rate. The fixed or variable issue would be determined by the lender. - Interest rates can fluctuate over time, in this case over the term of the loan and with a higher interest rate as well, the unsecured loan will end up costing more in total than a secured loan. - Both loan types have a fixed loan term and the monthly repayments are also fixed. - You can make extra payments with both loans. - With a secured loan, if you decide to finalise the loan early that is before the end of the fixed term, break fees will apply. These are fees charged by the lender for not completing the loan term of the contract. These fees are usually considered minimal. - With an unsecured loan with a fixed interest rate, break fees will also apply. But an unsecured loan based on a variable interest rate will not attract break fees. When arranging your loan through [Jade Finance](https://jade.finance), the details of your loan will be explained in full and your consultant will be seeking to achieve the best interest rate and most favourable terms and conditions for your loan. ## **Thinking Points** We’ve laid out the facts but these types of decisions may require you consulting with an independent financial advisor in regard to your individual position. To get you thinking further on what may be best for you…. - The decision of secured or unsecured may not end up being yours to make. The lender may decide that the goods you are purchasing – car/boat/bike/caravan – are not acceptable to them as security. Some lenders have guidelines around condition and age of goods accepted as security. - Restoration project purchases also require thought. If you’re buying a car or boat or even a caravan which is a ‘renovator’s delight’ then the price you’re paying for it is likely (you hope) to be way less than the value as you proceed through and to completion of the restoration. - If you pay a significant deposit on your purchase and your loan is only a smaller percentage of the total purchase price, you may not want the lender to have security over the entire goods. - Perhaps you anticipate or know that your financial circumstances are going to improve in a certain timeframe and you can see yourself in a position to finalise the loan early. In such a situation, having no break fees may be an attraction to the unsecured loan. - If you want total certainty around your repayments and the cost of the loan and want the cheapest loan and the goods are suitable as security, then the secured loan would likely be your preference. Whatever you intend to purchase, Jade Finance is interested in providing you with a quote for your loan, so please reach out and start the conversation. **To discuss a loan on a car, bike, boat or caravan contact Jade Finance on 1300 000 008** *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES* **Categories:** Information --- ### [Which car to buy? Current Best Selling Cars](https://jade.finance/blog/which-car-to-buy-current-best-selling-cars) **Published:** March 14, 2022 **Author:** Publisher **Content:** Buying a new car at the minute can often come down to what vehicles are available. Due to the ongoing microprocessor shortage across the globe, many manufacturers are still facing delays in getting their models into Australian showrooms. Referring to the current best selling cars data can be used as a guide to what other car buyers have recently purchased and what makes and models could be more readily available. This data can be sourced through the [FCAI](https://www.fcai.com.au/news-and-media/) (Federal Chamber of Automotive Industries), the automotive industry’s representative body, which releases information each month on car sales results for makes and models on the Australian market. For motoring enthusiasts, this data can also provide interesting information to stay across the popularity of different brands and the competition between iconic vehicles such as HiLux v Ranger. But readers should be keep in mind that sales figures are for delivery of vehicles in that month. Under the current supply conditions the figures may not be a true reflection of demand. Dealers may have plenty of back orders for certain models and the current figures possibly reflect a recent shipment from some brands. But the data is worth checking out if you’re in the market for a new car. We provide an overview of the top sellers and how cheap interest rate car loans can be sourced to make the purchase. ## **February Car Sales Data** The car sales data shows an uptick of 1.6% in February 2022 compared with 2021. FCAI Chief Executive says this is a positive result as many of the supply issues are not yet fully resolved or stabilised. He said it would be some time before the global issues in regard to computer chips was resolved and the motor vehicle industry recovered. In the statement announcing the car sales figures for the month, Mr Weber said that new car demand in Australia remains strong and brands were hard at work to assist their customers acquire their vehicles. ## **General Sales Directions** Overall, the sales figures for February further highlight how the SUV market has overtaken the demand for passenger cars. Those in the market will likely be quite aware of that from the predominance of SUV models available compared with the number sedans and other passenger models. Buyers that usually buy a passenger car may be rethinking their purchase and leaning towards an SUV. This type of vehicle is seen as offering more flexibility and versatility than some passenger cars. But remember that the ‘SUV’ name does not mean that the vehicle is a full off-road vehicle or has 4WD capabilities. If considering a SUV to tackle rugged trails for say camping trips, make sure you look for one with the appropriate features. In regard to finance, the loans types we offer for both passenger cars and SUVs are the same. The interest rate on new car loans is predominantly determined by the assessment of the loan applicant not the vehicle. Interest rates and loan conditions do vary with new versus second-hand vehicles. The market for passenger cars was down by 18.3% in February 2022 compared with 2021. The SUV sales for the month saw a 5.4% increase compared with last year. The van market continues its strong performance with further increases over 2021 results. ## **Best-Selling Makes and Models** With the most models in the top ten, it is not surprising to see [Toyota](https://www.toyota.com.au/) retain its position as top selling vehicle brand for February 2022. Second place went to [Mazda](https://www.mazda.com.au/), then it was Mitsubishi in third followed by Kia and then Hyundai, in sixth came Ford, seventh MG, and rounding out the top 10 is Subaru followed by Nissan then Isuzu. Now, drum roll, the list that attracts the most attention, the specific best-selling vehicle models for the month. In February it was the HiLux taking the top of the podium with another Toyota, the RAV4 in second and Triton from Mitsubishi in third. The Ranger made it into fourth just ahead of another Toyota, the Prado. The MG ZS came next, doing well with the highly competitive pricing. Rounding out the 10 – D-Max, the very popular CX-30 by Mazda, the Hyundai i30 and the Outlander by Mitsubishi. For buyers keen on a passenger vehicle, look at some of the best-sellers in their individual categories:- Kia Picanto, BMW 2 Series Gran Coupe, Toyota Camry, BMW3, MG3, Stinger and Merc 3 Class. ## **Car Loan Options** Supply issues are continuing to impact some motor vehicle manufacturers with availability still an issue for particular models. Tip: to ensure you are in the best position to do a quick deal, [speak with us](https://jade.finance/approval) about a pre-approved [car loan](https://jade.finance/car-loans/personal-secured-car-loans). We source the quote and process the loan application based on an estimate loan amount so our customers have certainty and can sign the sales contract. This can be extremely helpful where stock is low or to secure limited quantity demo vehicles which are on sale. With so many vehicles lost in the floods in Queensland and NSW, we’re likely to see a spike in new car sales in coming weeks. Increased demand may put further pressure on supply. So if you’re in the market for a new vehicle, acting promptly is advisable to capture stock and to take advantage of [cheap interest rates](https://jade.finance/personal-loans/interest-rate-calculator) which are anticipated to rise later this year. **Contact Jade Finance 1300 000 008 for a quote on purchasing a top seller or to discuss pre-approved motor vehicle finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [What you need to know about consumer finance for boat loans and caravan finance for upcoming purchases](https://jade.finance/blog/what-you-need-to-know-about-consumer-finance-for-boat-loans-and-caravan-finance-for-upcoming-purchases) **Published:** December 28, 2022 **Author:** Publisher **Content:** While many buyers jumped in to buy boats and caravans in time for the holiday season, there are still many that are sure to have plans to buy in 2023. **Most boat and RV purchases require boat loans and caravan finance and buyers should know their consumer finance options especially achieving cheaper rates.** The interest rate is critical to the overall cost of the loan and the monthly outgoings. But achieving the cheapest interest rate loan may be made easier with a full understanding of many aspects of consumer finance. Both boat loans and caravan finance for purchases for private use as opposed to business use, call under the category of consumer finance. Many of the aspects of these loans are similar and often lenders will offer them under Leisure Finance or Recreational Loans. To assist buyers make those well-informed buying decisions, we provide this summary of key points to note. ## Boat and Caravan Types Jade Finance essentially offers finance for all types of new boats and RVs. Our reference to ‘boats’ includes tinnies, yachts, PWCs, cruisers both small and large, power and sail vessels and even house boats. In regard to the RV market, our reference to caravan finance will be suited to all types including toy haulers, the traditional caravan, camper vans and trailers, motorhomes, toy haulers and even expedition vehicles. This includes off road and on road models. Finance for used models can vary for the loan offers on brand new models. This would depend on lender acceptance of the goods as suitable security and the interest rate may also be different for second hand goods. ## Loan Types The most popular type of loan for new boats and caravans is a secured loan – [Secured Boat Loan](https://jade.finance/boat-loans) and [Secured Caravan Finance](https://jade.finance/caravan-loans). The format for both is the same in that the goods become the security for the loan and the borrower repays the loan in equal monthly repayments over a set loan term. To ensure those repayments remain unchanged, we secure secured loans of this type with a fixed interest rate and with a fixed finance term. With a secured loan, lenders will require the goods to be fully insured. The cost of insurance should be considered in the overall purchase expense. We may be able to assist with Marine and Caravan Insurance. ## Consumer Finance Eligibility and Regulations The consumer finance market in Australia is regulated by [ASIC](https://asic.gov.au/). Loan applicants should be aware that banks and lenders that do offer loans of this nature must adhere to the regulations and laws. Lenders must also be Licensed Credit Providers. When considering any loan offer, buyers should ensure the lender is fully licensed in this regard. Under the law, loan applicants must be over 18 years of age. Where an under 18 year old wants to take out say a boat loan for a jet ski, options for guarantors may be considered. Speak with us about how we may be able to assist with options. ## Consumer Loans Market Loans for boats and caravans are available through numerous lender sources. These include banks, some finance companies, marine dealers, caravan manufacturers and of course broker-style lenders such as Jade Finance. Not all lenders list specific boat and caravan loans in their consumer finance portfolio. These goods are often financed through a more general Personal Secured Loan product. The difference between applying directly to a bank or finance company or using dealer finance and utilising the benefits of our broker style services should be appreciated. Finance broker services are not reserved for the exclusive privilege of businesses or of high-wealth individuals. Our services are available to all buyers that require loans to purchase boats and caravans. Rather than only being dependent on one lender for offers for our customers, we have what is known as accreditations with multiple lenders. That accreditation is the lender’s approval for our consultants to source loans from them for our customers. We cover off on many lenders when sourcing boat loan and caravan finance offers for our customers to ensure we secure the cheapest rate and outcome. ## The Interest Rates Situation When looking for boat loans and caravan finance, most will hone in on the interest rate being offered. Note that the best rates offered will be based loans for new boats and new caravans and for loan applicants that have a good credit score. Rates for consumer finance can be impacted by changes in the cash rate as announced by the [Reserve Bank of Australia](https://www.rba.gov.au/). But the changes and the rates themselves can vary from bank to bank, finance company to finance company. Those with plans to buy in 2023 will no doubt want to know what will happen with interest rates in the months ahead. The exact answer is – it is unknown. The RBA Board make their monthly decisions based on the economic data available and has repeatedly said it is not a pre-set path in regard to interest rates. At its December meeting, the RBA Board did weigh up the options of no increase, a hike of 0.5% and the smaller rise of 0.25%, which was ultimately decided upon. So numerous options are on the table when the Board next meets in early February 2023. ## How to Effectively Use a Finance Calculator The availability of free-to-use [finance calculators](https://jade.finance/boat-loans/boat-finance-calculator) is a great plus for boat and caravan buyers requiring finance. Buyers can utilise this tool to get rough repayment estimates on different prices to assist with buying and budgeting. But these calculators do have certain limitations as generic devices and users should use them as intended to achieve the best outcomes. Most importantly, users should realise that the interest rate that they may be offered, could be differ from our best current interest rate. In addition, depending on the buying timeframe and upcoming RBA decisions, interest rates in general could change before the loan application is submitted and any offer made. ## Buying at Boat Shows and Caravan Expos If planning to buy at a caravan expo or boat show, pre-approved loans can be a great help. Speak with us in the weeks before the show to get your loan quoted and approved and ready to use when the perfect model is decided on. There is clearly a lot more to know about boat loans and caravan finance than we can cover here. But if you have any specific questions, please reach out to the Jade Finance team for answers. **Contact Jade Finance 1300 000 008 for caravan finance and boat loans at better interest rates.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [What were the most popular cars in 2022? Latest new car data reveals leading brands and top selling models](https://jade.finance/blog/what-were-the-most-popular-cars-in-2022-latest-new-car-data-reveals-leading-brands-and-top-selling-models) **Published:** January 13, 2023 **Author:** Publisher **Content:** Many buyers looking for a new car in 2022 faced significant challenges in finding readily available stock of some of the most popular cars on the market. ‘On the market’ may have been an overreach description for some, as the wait times for delivery of some new models stretched to 12 months and for some, even longer. The stock issues of course emanated primarily from a number of global issues – shortage of microprocessors, shipping issues, ongoing COVID issues in manufacturing plants and component and parts shortages and delays. But with the release of the December figures for new car sales by the [FCAI](https://www.fcai.com.au/) it can be revealed that around one million Australian buyers did take delivery of their new vehicle in 2022. That is seen by the FCAI as quite an achievement for the industry. The data reveals the most popular cars so to speak based on sales, for brands and for individual models. For keen buyers this may provide ideas of where to look for their new car. But it can pay to be prepared with finance locked-in before the test drive. **The most popular cars on the market as per sales figures can be in high demand and buyers can be equipped with pre-approved car finance from Jade Finance.** Pre-approved motor vehicle finance is available on both our [Personal Secured Car Finance](https://jade.finance/car-loans/personal-secured-car-loans) and across the selection of [Business Vehicle Finance options](https://jade.finance/business-loans/business-car-finance). Consider applying now to be ready to buy one of the most popular cars available. ## Latest New Car Sales Data In the media release for the December 2022 new car sales data, Tony Weber of the FCAI reflected on the challenging conditions faced by both the dealers and the vehicle manufacturers last year. He also mentioned that this year could be the most important year for the sector in recent history in reference to how policies developed for decarbonising the light vehicle sector. According to Mr Weber, the FCAI, as the industry’s peak body, continues to advocate for efficiency standards and was continuing to do so in addition to addressing infrastructure issues and the changes in behaviour which are needed to reduce the emissions levels. ## December’s Most Popular Cars – Brands The total sales of new vehicles in December 2022 eclipsed the same month in 2021 by just over 12% but there was one more day of selling in the 2022 month. SUVs continue to reign highest in popularit and sales posted another nearly 22% increase in comparison to December 2021. Passenger vehicles have been dropping in popularity over quite some time, in direct correlation to the rise in SUVs. Sales in the passenger category for the comparison period did increase slightly – 3.1%. Light commercial sales were down by slightly less than 2% over the period. Australia’s most popular cars must be from [Toyota](https://www.toyota.com.au/ "Toyota Australia: New Cars, SUVs, 4WDs, Utes, Hybrids") if the sales results are a guide. The brand led all others in sales for December 2022, followed by Mazda, then Ford rounding out the top tiers of the podium. The remaining top 10 included Kia and MG just ahead of Mitsubishi and then Hyundai with Subaru, GMW Haval and VW rounding out the leading brands. The most popular cars in terms of models once again came down to the competition between the two rivals – Toyota and Ford. December 2022 was Ford Ranger’s month to shine with the most sales ahead of Toyota’s HiLux. Next in the model sales was the MGZS, Toyota’s RAV4, CX 3 from Mazda, Outlander, Corolla, Model 3 Tesla, Tucson from Hyundai and the CX 5 from Mazda. ## 2022 Most Popular Cars The end of the each year is also a time to tot up the annual sales results and reveal which brands and models were top sellers, aka most popular. The breakdown of categories can be of interest – almost 77% of the total sales were SUVs and light commercials and just over 3% battery EVs. As it did for December, Toyota dominated the annual sales overall for the market. The brand accounted for over 20% of all new vehicle sales for the year. Second, and quite some numbers behind was Mazda, then Kia followed by Mitsubishi, then Hyundai, Ford and MG then Subaru ahead of Isuzu Ute and making it into the top 10, Volkswagen. As for popular models for the year, buyers determined that it was the Toyota HiLux ahead of Ford’s Ranger and the RAV 4 was third. The next most popular cars were the [CX 5](https://www.mazda.com.au/) and then more Toyotas – Corolla and LandCruiser, another ute in the D-MAX, the ZS from MG and finally the very popular i30 from Hyundai. So there are the results for what buyers decided were their most popular cars for the year. But of course, in these times of supply issues, allowance must be taken for what brands managed to get the most vehicles into dealerships. Supply issues may showing signs of easing in the new car market and with the RBA set to make its February rate decision in a few weeks, now might be a good time to apply for finance and make that new car purchase. **Contact Jade Finance 1300 000 008 for cheaper finance for the most popular cars of 2022.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [What to expect when applying for a first loan](https://jade.finance/blog/what-to-expect-when-applying-for-a-first-loan) **Published:** November 20, 2021 **Author:** Publisher **Content:** Buying that first car, motorbike or boat is a rite of passage for many young people. But even older people can embark on their first purchase in their own name. These purchases usually require finance for all age groups. Changes in life circumstances can see even mature age persons making their first major purchase and applying for a first loan. Regardless of age, applying for a first loan can be a daunting and confusing process. But it doesn’t have to be. Jade Finance explains what people may expect when applying for a first loan to purchase a car, motorbike or boat and how we can assist. ## **First Loan Applications** Loans for purchase of goods to be used for personal use are categorised as Consumer Finance as opposed to Business Finance which is for goods used in a business. The loan products are different as are the interest rates. So ensure you are looking at the correct category. Consumer finance and lending in Australia is regulated by [ASIC](https://asic.gov.au/) with a specific objective to protect the consumer. Consumer Laws cover how lenders must act in issuing loans to consumers. The laws include Guidelines for Responsible Lenders that Licensed Credit Providers such as Jade Finance must adhere to. If considering the lender market, ensure the lender is licensed and displays a credit provider number. Overview of consumer loan application process and basic loan requirements:- - Applicants must be 18 years or older to be eligible for consumer finance. - Persons under 18 may consider asking someone to go guarantor for their loan. - The application form requires details on income, employment history, financial situation including ongoing expenses and commitments, assets, residential status and history and personal details. - Identification will be requested. [Check the details](https://www.mygovid.gov.au/verifying-your-identity) on verifying your ID. - An assessment of the applicant’s credit profile is a crucial part of the process. Even if a person has not applied for a consumer loan they are highly likely to have a credit profile. A range of accounts, payments and financial commitments can be recorded on an individual’s credit report by the provider. These can include BNPL (buy now pay later) accounts, phone and internet contracts, residential rent payments, credit cards, utilities bills. Maintaining a good credit rating or score is very important. To find out about getting a copy of your credit report and how to fix any errors, review the information at [MoneySmart](https://moneysmart.gov.au/). The credit score reflects the individual’s risk assessment which effects the interest rate offered. - The total amount approved for the loan will be at the discretion of individual lenders. It will reflect the perceived ability to repay the loan. Being a first loan applicant does not necessarily preclude an individual from securing a large loan for say a higher priced car or boat. - When buying goods with a loan or ‘under finance’ as it is referred to, lenders will require the borrower to take out comprehensive insurance on the goods. Your Jade Finance consultant can assist with connections to insurers. The cost should be factored into the overall purchase. ## **First Loan Interest Rates** If you stay across finance, you will have heard that interest rates are at historic low levels. The [RBA](https://www.rba.gov.au/) sets the official cash rate which is currently at 0.1% but that is not the lending rate for consumer finance. It relates to inter-bank loans and the costs of lenders borrowing to acquire their funds. Consumer loan rates will vary across the lender market depending on how competitive an individual lender is seeking to be in a specific sector and their own funding costs. If first loan applicants meet the criteria and submit a quality application in regards to ability to repay the loan, a cheap interest rate loan can be achievable. Lenders will focus on the credit profile and the income issues as mentioned above when making a loan offer. Comparison Rates are advertised by law with all consumer loans. [Understanding the difference](https://moneysmart.gov.au/glossary/comparison-rate) between advertised and comparison rates is important. ## **Car Loans** Some individuals have been driving for many years and possibly been using a car that was treated as their own but was actually owned by someone else. It may have been owned by a parent, a partner or even an employer. But then the time comes to buy their own car and they need to apply for a loan in their own right. - First loans can be secured for all types of vehicles. - Old v new may attract different loan conditions and possibly interest rates. - A driver licence is not required for a car loan. ## **Motorbike Loans** - Learners can ride a motorbike on roads subject to state regulations, but must be over 18 to secure a loan. - There is a large selection of LAMs bikes available which new riders can consider. ## **Boat Loans** - PWCs are very popular as a first boat purchase as are smaller trailer boats and tinnies. - We offer boat only, boat and trailer, and boat, motor and trailer combo loans. - Loan applicant do not need a boating licence. **Loan Calculators** Our [loan calculators](https://jade.finance/personal-loans/personal-loan-calculator) are extremely handy for first loan applicants. They allow potential buyers to quickly convert that price tag to repayment estimates. The monthly repayment amount can be a more relatable amount for loan seekers. ## **How We Assist** Using a finance broker is not an exclusive privilege of the rich and famous or of businesses. All individuals seeking finance can engage our broker-style lender services. We are accredited with many lenders which provides us with the ability to source the cheapest loan to suit individual requirements. We provide a [comprehensive lender service](https://jade.finance) which can be particularly helpful for first loan applicants. Start the conversation and see how we can assist you. **Contact Jade Finance by phone 1300 000 008 to discuss a first loan for a car, motorbike or boat.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [What’s the best loan for a car, boat or bike?](https://jade.finance/blog/whats-the-best-loan-for-a-car-boat-or-bike) **Published:** August 6, 2020 **Author:** Publisher **Content:** Defining the ‘best’ of anything can be a very subjective issue and sure to raise controversy and vigorous debate among friends. Defining the ‘best’ [personal loan](https://jade.finance/personal-loans) for the purchase of various goods is a little easier – it’s the loan that is structured to suit your requirements. OK so that’s not quite what you were asking but it is the ‘best’ answer. [Jade Finance](https://jade.finance) is a very active finance broker in these key areas of consumer finance so we’ll explain further and elaborate on the personal, that is consumer, loan area of the finance sector. ## **Loans to Finance Your Lifestyle** In the area of loans to individuals, that is consumer finance, Jade Finance provides loans for cars, motor bikes and boats. For most individuals a secured loan is the most popular choice of loan to purchase these items. Jade Finance Secured Car Loans, [Motorbike Loans](https://www.jadebikeloans.com.au) and [Boat Loans](https://jadeboatloans.com.au/) all follow the same basic format: - Jade’s cheap interest rates fixed for the loan term. - The lender uses the goods as security against the loan. - The loan term is fixed. Usually 4-5 years but can be longer for some higher priced items. Some lenders have individual requirements around loan terms on second hand items. - The repayments are fixed and payable monthly and you are allowed to make extra payments if you want but break fees will apply if you pay out the loan early. ## **Loan Sources Compared** Jade Finance is a finance broker so we source the best *(mmm, there’s that word again)* quote for each individual customer based on their application profile and the car, bike or boat they plan to buy. We’re accredited with multiple banks and lenders and we know which ones offer the best loans in each of these categories at any particular point in time. Lenders base their interest rates and loan charges partially on their own costs to secure the funds to loan to you and partially on aspects of an application. So at any particular day, month or year, some lenders will be in a better position than others to offer a better deal. Banks and finance companies do offer personal loans for boats, cars and bikes but they usually have a set interest rate for those loan categories and set guidelines. If you don’t meet those guidelines you usually don’t get the loan approval. If you apply to the bank or finance company yourself, you’ve got no leverage to negotiate on interest rates or terms. Jade Finance on the other hand does have leverage. We write a lot of business with various lenders and that gives us bargaining power. Bank v broker, which is the best? We would say considering all the benefits (which you can review on our web page) our Jade Finance broker loans are better. ## **Is the best loan the cheapest loan?** Now this is a question which requires some qualification before saying ‘yes’. At Jade Finance we have built our business model on sourcing the cheapest loans at better interest rates. So our cheap interest rate loans we consider are the best. But if you only look at the interest rate being offered or you only look at the monthly repayment you’re being offered without taking some other aspects into consideration, what you think is a cheap loan, may not actually be that. - Make sure the monthly repayments are workable for your budget. - A loan can appear ‘cheap’ because the monthly repayments are low. But if the loan is over a long period and possibly at a higher interest rate, the overall cost of the entire loan may not be cheaper than an alternative. A loan over a shorter period at a lower interest rate may end up with slightly higher monthly repayments but end up being significantly cheaper overall. - Check the fees and charges and compare to others so a cheap loan is not disguising high fees. - Don’t jump into offers like 0% interest rate loans thinking they are cheap and must be the best. These are usually promotional offers. The 0% rate is often only for say 6 months and then a much higher rate kicks in. - A quick way to see how this all works is to go to our online [personal finance calculator](https://jade.finance/personal-loans/personal-loan-calculator) and do a test run. Input a loan amount and our current interest rate and a loan term and see what repayments that shows. Then vary the loan term and/or the interest rate and you’ll see how the repayments change. - So if you want low repayments, you adjust the loan term at the same interest rate. But you’re paying interest over a longer term. So the overall cost of the loan may end up higher. Jade Finance source genuine better interest rates and then we go to the next step – structuring the loan to suit your requirements. ### **The Best Loan is the Loan Tailored for You** Cheap interest rates are great but if you get locked into a loan at a repayment level that you can’t comfortably sustain, that can’t be considered the best loan. Your Jade consultant works with you to establish the overall loan that works for you. If they feel you require independent financial advice, then they will recommend you refer to your financial advisor or accountant. At Jade Finance, we’re committed to assisting our customers to achieve their lifestyle dreams – cars, boats, bikes – with better loans based on better interest rates. We think that delivers the best loans. Why not try us out? Give us a call for a quick quote. **To discuss your loan requirements contact Jade Finance on 1300 000 008** *DISCLAIMER: THIS INFORMATION IS FOR GENERAL CONSIDERATION ONLY. INFORMATION FROM MANUFACTURERS, GOVERNMENT, INDUSTRY AND OTHER SOURCES HAS BEEN GATHERED FROM THE PUBLIC DOMAIN WEBSITES. NO LIABILITY IS ACCEPTED FOR INTERPRETATION OF PRESENTATION OR ERRORS IN CONTENT. READERS ARE ADVISED TO CONSULT WITH THEIR FINANCIAL ADVISOR OR ACCOUNTANT IN REGARD TO FINANCIAL DECISIONS IN REGARD TO INDIVIDUAL REQUIREMENTS.* **Categories:** Information --- ### [What’s happening with the economy? Inflation, GDP, interest rates overview](https://jade.finance/blog/whats-happening-with-the-economy-inflation-gdp-interest-rates-overview) **Published:** February 28, 2023 **Author:** Publisher **Content:** For those considering major purchases with personal loans and business finance, having an understanding of what’s happening in the Australian economy in general may assist with the decision making. There are many factors which can influence financial decisions depending on individual circumstances. Wages growth prospects may be a consideration for those planning say personal car loans while the prospects for general business growth will be of interest to business owners. The outlook for interest rates will likely be of interest to all buyers. There have been a raft of statistics released in the first few months of this year. The Australian Bureau of Statistics (ABS) has reported both monthly data sets for key indicators as well as the figures for the December quarter. After not holding a meeting in January, the Reserve Bank (RBA) resumed its monthly cash rate decisions at the start of February. With the Federal Budget due in May and households facing costs of living pressures from high inflation and high interest rates, the Federal Treasurer Jim Chalmers has been making regular statements and comments on the economy. There has been a lot of information being disseminated which can be helpful and confusing. To assist with explaining what’s been happening, we refer to a release from the ABS which provides an easy to understand snapshot of the Australian economy to the end of December 2022. We’ve included some additional comments from other sources to elaborate further. As additional information, we update on the latest figures for inflation and the possible impacts for interest rates. ## ABS – What Happened in December Quarter The ABS summarised the [major economic events](https://www.abs.gov.au/articles/12-things-happened-australian-economy-during-last-quarter "12 things that happened in the Australian economy during the last quarter | Australian Bureau of Statistics") of the December Quarter into a list of 12 items. Here is a snapshot of some… - The quarter saw the economy grow for the fifth quarter consecutively since the end of the lockdowns due to the Delta outbreak. The growth was 0.5% which indicates a slow-down. The ABS compared the figure to 2.7% last year. In commenting on the latest GDP figures, Treasurer Chalmers said the easing of growth was expected. - International trade was the major driver of economic growth over the quarter. The growth in exports was 1.1% as imports fell by 4.3% - Inflation continued to rise over the quarter with price pressures. The rise in consumer prices for the quarter was 1.9%, resulting in the largest annual rise in inflation since 1990. Electricity as well as prices for holiday accommodation and travel were the main drivers of inflation in the quarter. The ABS released the January inflation figures in early March which reveal that inflation then fell following the December high. Headline inflation was 8.4% as reported for December and 7.4% in January. - In the December quarter, the ABS notes that consumers eased back on purchases of discretionary goods. It notes that despite being more cautious with spending in this category, spending in the services sector remained strong. Growth in spending on services increased by 1.2% in the quarter. Generally, household consumption was more restrained than the previous quarters but still rose by 0.3%. Retail sales were down for December. - The ABS reports households continuing to draw on savings. Saving only 4.5% of income in the quarter compared with 7.1% in the previous quarter and 6.8% in the 2019 December quarter (pre-pandemic). - Growth in wages has been recorded and seen as a response to the tightness in the labour market and the high rate of inflation. Wage growth for the quarter was 2.1%. Unemployment remains at very low levels – 3.5% for December. The ongoing low rate of unemployment indicates a continuing of the tight labour market. - There was a rise in taxes for the quarter. Individual income tax increased by 7.4% which the ABS attributes to wages growth and higher returns on investments. An increase of 34.2% was recorded in excise taxes due to the end of the fuel excise tax hiatus. The total amount of taxes which were collected – covering all government levels, increased by 5% in the quarter. - There was a 1.4% increase in investment for new dwellings but a 4.2% fall for additions and alterations. The ABS explains the decline as a result of the waning effects of the HomeBuilder scheme. - Strong iron ore extraction drove growth in mining production of 4.8%. The aviation sector domestically recorded continued recovery. But the sector has only recovered to approximately a third of what it was doing prior to the pandemic. Manufacturing activity fell by 1.8%. - Coal and travel were the key contributors to the figures in the export sector. An 8.2% growth in coal exports was recorded which followed a fall for the September quarter. Imports fell by 3.8%. ## Inflation and Interest Rates The high rate of inflation is directly linked to the current run of interest rate rises by the [RBA](https://www.rba.gov.au/ "Reserve Bank of Australia"). In reported the January CPI figures, Michelle Marquardt from the ABS, reports the rate of inflation at 7.4% based on January figures. It appears that inflation peaked at the 8.4% recorded in December but inflationary pressures are continuing. The RBA is still expected to continue with further rate rises, despite this monthly fall in inflation. RBA cash rate increases are felt across the lending market including in [motor vehicle finance rates](https://jade.finance/car-loans/car-loan-interest-rates), leisure goods lending, [equipment finance rates](https://jade.finance/equipment-loans/best-equipment-rates), and other sectors. Despite this general across-the-board increase in interest rates, there are variations with banks and lenders and using our broker-style services can assist buyers secure the cheapest interest rate loans. **To secure cheaper interest rates on personal loans and business finance, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [What RBA Rise Means for Low Docs, No Docs and Bad Credit Business Finance](https://jade.finance/blog/what-rba-rise-means-for-low-docs-no-docs-and-bad-credit-business-finance) **Published:** May 16, 2022 **Author:** Publisher **Content:** Many businesses will be reviewing asset acquisition plans and timing in the wake of the RBA’s May decision and in the lead-up to the [RBA](https://www.rba.gov.au/) Board June meeting where a possible further rise may be announced. But those requiring specialist loan products such as low docs, docs and bad credit business finance may be somewhat unsure of their prospects in securing loans. Securing [low docs, no docs](https://jade.finance/car-loans/low-doc-car-loan) and [bad credit loans](https://jade.finance/business-loans/business-finance-bad-credit) can always pose issues even when the cash rate is at historic lows and the lending market extremely accommodative. As the cash rate rises and lending rates follow, questions can arise around whether the obstacles for low docs, no docs and bad credit loans will also rise. In general terms a rise in the cash rate should not impact the basic criteria for low docs, no docs and bad credit business finance but considerations may arise. To clarify the situation we outline how these business loans work, what factors lenders are considering, what loan conditions may be expected and how business owners can still secure affordable loans if in these situations. ## **Loan Criteria and Eligibility** The basic eligibility criteria for low docs and no docs loans and bad credit finance will not change as a direct outcome of an interest rate rise. However, lenders may tighten some of their own individual lending guidelines. Low docs and no docs loans refer to finance for businesses without the entirety of the financial accounts and documentation to fully complete a business loan application. With some banks and lenders, that may include a minimum period of trading of 12-24 months. These types of applicants typically fall into the category of those starting out, newly formed or set-up within say the past 12 month period. By definition, businesses in these situations are not assumed to have bad credit. In fact, they may have a very good credit score. As new businesses, the balance sheet and credit profile of the business owner or the directors may also form part of the application process. Bad credit finance refers to businesses that have a poor to bad credit rating. This is a more challenging position for acquiring loan approval than low docs/no docs. Not all banks and lenders will offer bad credit and/or no docs and low docs finance. Businesses requiring this form of finance may benefit greatly by engaging a finance broker like Jade Finance to assist in sourcing finance offers. They have the connections with non-bank lenders that do offer this type of business finance. ## **Range of Finance Products** The range of business finance products and loan types for all businesses would not be affected by interest rate changes, except of course for the rate itself. The basic features and benefits, including tax deductions, of the finance facilities remain constant. The interest rate applicable to different products does vary. Variations in interest rates are also present across the lending market and for different types of equipment and for different industries. These points all apply to both businesses with full documentation and good credit as well as for those seeking low docs, no docs and bad credit finance. Businesses requiring finance for the acquisition of plant, machinery and equipment may achieve better rates and cheaper finance by sourcing access to specialist lenders through their Jade consultant. Asset Acquisition Loans:- - [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator) - Hire Purchase - Lease - Rent to Own for equipment General Business Support Finance:- - [Business Overdraft](https://jade.finance/business-loans/business-overdraft) - Insurance Premium Funding - Secured and Unsecured Business Loans - Debtor Invoice Funding All these finance facilities are available through Jade Finance. ## **Access to Tax Benefits** When approved for bad credit finance and low docs/no docs loans, businesses are then eligible to take advantage of the tax benefits available either with a particular type of loan or according to certain ATO rulings. Tax benefits in regard to the purchase and GST vary across loan types. The Instant Asset Write-Off and [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) tax benefits are available through to 30 June 2023 on eligible asset acquisitions and for eligible businesses. To utilise these accelerated asset depreciation measures, Chattel Mortgage should be chosen as the finance product. ## **General Considerations** In regard to both low docs/no docs and bad credit loan applicants, there are a number of general issues which may come into consideration when lenders assess the finance applications. With a rate rise, higher interest rates apply across the board. That results in the total of the finance when interest payable is included, is higher than at lower rates. In some instances, lenders may consider the risk as higher for some applicants and may request the initial loan amount request to be reduced. The loan amount may be reduced by the business paying a deposit for the purchase or by selecting lower priced vehicles or equipment. Additional security against finance is typically requested with bad credit and often with no docs and low docs finance. The additional security may be provided through personal property or business owner personal guarantees, depending on individual lender conditions. ## **Proactive Measures** For all businesses seeking finance, regardless of the general lending rate scenario, sourcing the cheapest rated loan is always a key objective. In order to achieve better interest rate finance, businesses can be proactive in many areas:- - Maintain a good credit rating by making payments for loans and bills, including supplier invoices, on time. - Keep debt levels down to improve the balance sheet in regard to assets to liabilities ratio. - Maintain high quality, accurate, up to date and thorough financial accounts and documentation. Having this information quickly and easily accessible when applying for finance can assist in streamlining and expediting the process and may contribute to a better interest rate. - Engage with a [finance broker](https://jade.finance/approval) that has experience in acquiring the type of finance you require, is fully licenced and has a proven track record of achievement. - Select a finance broker with extensive and varied lender accreditation to ensure access to a large number of lenders. **Contact Jade Finance 1300 000 008 to source quotes for low docs, no docs and bad credit business finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [What RBA Interest Rates Decisions Mean for Loans](https://jade.finance/blog/what-rba-interest-rates-decisions-mean-for-loans) **Published:** February 8, 2022 **Author:** Publisher **Content:** The February meeting of the RBA Board has even further fuelled speculation around an imminent rise in interest rates. Unless you’re totally tuned out to news coverage, you’ve likely picked up some of the interest rates commentary. If you’re intending to purchase consumer goods or business equipment with finance any time soon, then it could be worth adding to your knowledge bank on interest rates. Understanding the role of the [RBA](https://www.rba.gov.au/) in interest rates and what factors trigger a change in rates can be significant to your loan. Interest rates are our key focus and we bring you an update on the latest [RBA](https://www.rba.gov.au/) Board meeting, why so many analysts are forecasting a rise in interest rates in the near future and what that rise could mean for your impeding loan. ## **What’s all the fuss about?** Did you know that there hasn’t been a rise in the official cash rate for over 10 years? That’s right. Over that time interest rates have continually been cut rather than increased. The official cash rate which is set by the RBA, has been at the historic low of 0.1% since the Board’s meeting on the first Tuesday of November in 2020. The cuts in 2020 were instigated as part of monetary policy to counter the effects on the economy of the COVID-19 pandemic. The cash rate is a lender borrowing rate and forms a foundation from which lenders establish the interest rates on their various markets. The low interest rate scenario allows for cheaper loans and this has triggered a strong housing market especially and a surge in house prices. Some analysts started calling for a rate rise mid-2021 to cool the housing market. Through 2021, the RBA Board has stayed with its strategy of being patient and waiting for inflation to be sustained within the 2-3% range and unemployment approaching full employment or below the 4% rate. It has indicated it expected those conditions to be present around 2024. But in the past few months, inflation has surged in Australia and the calls for a rate rise to arrest the surge are growing. So that’s essentially what all the current fuss over interest rates is all about. ## **RBA February Meeting Outcome** The 1 February RBA Board meeting was the first for the year and since its December 2020 meeting. Despite the growing call for a rate rise, the Board once again confirmed it was prepared to patient and indicated that conditions were not suited to drawing the conclusion that the current inflation level was sustainable. The Board kept the cash rate on hold at 0.1% and in the announcement statement and in comments after, made the following key points:- - The spending pick-up is expected to continue as the number of Omicron cases declines. - Omicron had had an effect on the Australian economy but not derailed the recovery. - GDP: central forecast 4.25% growth 2022; around 2% through 2023. - The pandemic continues as a cause for uncertainty. - Unemployment continues to fall to latest (December) figures of 4.2%. This indicates a strong recovery in the labour market. Forecast below 4% late-2022, 3.75% end 2023. - A large number of vacancies in the jobs market indicate that further reduction in unemployment should flow. - Inflation to increase over the upcoming quarters but decline through 2023. Unlike recent post-meeting statements, the February 2022 statement does not include a timeframe for when a rate increase could be expected. The Board summarised by reaffirming its patience and position of waiting for target conditions to be achieved. ## **Impact on Consumer Loans and Business Finance** While that’s what the RBA Board is saying, many economic analysts, reporters and commentators are already coming out with possibly bold forecasts of when a rate rise will happen. One broadcaster’s business editor actually said it could be May-August this year. Others are saying by August. These viewpoints are those of those persons and we await the actual outcome. What does happen when the RBA moves on rates is a move on interest rates in lending markets. The bottom line, the [interest rate](https://jade.finance/personal-loans/interest-rate-calculator) you may achieved could be higher after a rate rise than before. That means more total interest paid on the loan. So your car, boat, [caravan](https://jade.finance/caravan-loans/caravan-loan-calculator), motorbike, truck or equipment will cost more in total. That’s why at Jade Finance we focus heavily on achieving better interest rates. We know that that small incremental difference in interest rates can add up over a loan term. Our loans include fixed interest rates so once the loan is secured so is that [cheap interest rate.](https://jade.finance/equipment-loans/best-equipment-rates) To see the difference, use our [calculators](https://jade.finance/personal-loans/personal-loan-calculator) and vary the rates to see the differences in repayments. When the rise will come is an unknown at this point. The next meeting of the RBA Board to discuss the cash rate is scheduled for the first Tuesday in March and much interest will once again be on the outcome. Meanwhile, what you can do to avoid an increase in rates on the loan you are planning is to act now. Speak with us and let’s get you a quote and your application underway. **Contact Jade Finance 1300 000 008 for a quote on consumer loans and business finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [What does the RBA rate rise mean for my loans and finance?](https://jade.finance/blog/what-does-the-rba-rate-rise-mean-for-my-loans-and-finance) **Published:** May 9, 2022 **Author:** Publisher **Content:** The RBA rate rise decision at the Board’s May meeting reflects the improving economic conditions in Australia and the RBA’s move to curb rising inflation. As stated in the [statement](https://www.rba.gov.au/speeches/2022/sp-gov-2022-05-03.html) issued to announce the rate rise, the move to increase the cash rate by 0.25% to 0.35% is the start of the RBA’s actions to normalise the monetary conditions. The record low rates brought into place during 2020 were extraordinary and implemented as part of stimulus measures during the pandemic. For those with current loans and finance and with pre-approved loans yet to be used questions may be raised around what the RBA rate rise means for their loans. To address those concerns and clear doubts for those considering applying for new finance and loans, we have prepared this overview of outcomes for different types of loans caused by RBA moves on the cash rate. ## **Variations for Fixed and Variable Rate Loans** The majority of loans and finance arranged through Jade Finance will be secured with a fixed interest rate. In these categories, fixed means fixed and unchanged for the entire loan term, regardless of any changes in the interest rate market. Some other lenders and for some of our loans such as [Unsecured Personal](https://jade.finance/personal-loans/unsecured-personal-loans) and Business Loans, a variable interest rate may apply in some instances. Variable rates can be changed by the lender in response to changes in the cash rate by the RBA. Those with variable rate loans may wish to contact their lender to discuss their individual situation. Those planning to apply for new loans and finance can avoid facing interest rate and repayment rises in the future by ensuring they secure a fixed interest rate loan. ## **Effect on Current Loans and Finance** Where loans are currently in place with a fixed interest rate, the rise in the cash rate will have no effect on the loan rate or the repayments. This would apply to the majority of secured loans we offer including Secured Car Loan, [Secured Boat Loan](https://jade.finance/boat-loans), Secured Caravan Finance, [Secured Motorcycle Loan](https://jade.finance/bike-loans/motorcycle-finance) and the range of [business equipment, truck and vehicle finance](https://jade.finance/equipment-loans) – Chattel Mortgage, Commercial Hire Purchase and Lease. The fixed interest rate as established when the loan was finalised will remain in place. This ensures the repayments also remain the same ## **Outcomes for Pre-approved Loans** Especially in our motor vehicle sector, many customers have been seeking pre-approved car loans so they are ready to pounce on stock as vehicles become available. Pre-approved loans are offered with a time validity. The loan must be used, as in taken up with the purchase of the goods, within that time period or the loan offer expires. Existing unexpired pre-approved loans should be available at the rate included. If the pre-approved loan expires before use, a new quote would need to be acquired if the loan is required to be renewed. The re-quoted loan would be priced at the cheapest interest rates we can source at the time. ## **Quotes for New Finance Applications** Applications for new personal loans and business finance are quoted based on the interest rates which apply at the time of application. Applications made after a rate increase will reflect the lender decisions around such a rise. Our consultants will always strive to achieve the cheapest rate for all loans. As we are in a great position to cover a vast section of the lending market, we can achieve better interest rates across our loan products for many of our customers. Interest rates do vary across loans for different goods and with different business finance products. Those differentials or variations remain and unchanged by any general rate rise. ## **Check Your Credit Profile** Now that the RBA has moved and the lending sector enters this era of rate rises, it is more important than ever to maintain a good credit profile. The [credit profile](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) or rating forms an integral part of the assessment of a loan application by banks and lenders. Applicants with a high credit score are generally offered the best interest rates. Low scores are seen as higher risk applicants and the higher risk means higher interest rates. Other aspects of the application may also impact the interest rate offered. A good or better credit rating can be achieved by paying bills on time, limiting applications for new loans and credit, holding lower credit card balances and generally have a better asset to liabilities ratio. That means, reduce what you owe. Addressing these matters prior to applying for new loans may improve the prospects of achieving a better interest rate and cheaper loan offer. ## **Optimise Our Services** RBA rate rises will have an effect across the lending markets but cheap interest rate loans can still be attained. Applicants may improve their prospects of securing the cheapest rate loans by using Jade Finance to source and secure the loans. Our services are available to both individuals and to businesses and present an extremely viable, sensible and time-saving alternative to sourcing loans directly. Our bargaining power and connections with lenders are just some of the features that contribute to delivering better loan outcomes for our customers. **Contact Jade Finance 1300 000 008 for loan and finance quotes** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [What brands and factors are driving impressive truck sales figures?](https://jade.finance/blog/what-brands-and-factors-are-driving-impressive-truck-sales-figures) **Published:** February 15, 2022 **Author:** Publisher **Content:** The freight, transport and general trucking sector has been under pressure from demanding workloads and other issues in relation to the pandemic over the past few years. Despite lockdowns, shut-outs, staffing issues and a raft of other impediments, operators have still been expected to deliver. The strong truck sales figures to start 2022 put a positive spin on the prospects for owners and operators and are further buoyed by the cheap interest rates on truck loans. For January 2022 new truck sales were very positive and likely reflect a number of key influences – good pipelines of work in the construction sector; continued high demand for home deliveries and online shopping; government investment tax measures; and the historic low interest rate climate. All the truck categories – light, medium and heavy duty, performed extremely well. Some truck brands have reported outstanding figures for 2021 and look to continuing that uptick in sales this year. If in the market for a new truck, reviewing the sales figures can be interesting and used as a guide as to what other operators have already identified as a good buy. We share the latest truck sales figures and give you information on making that purchase with cheap truck loan. ## **Start of Year Figures** For January 2022 new truck registrations posted 7.5% uptick over January 2021, according to T-mark data. Heavy-duty posted the most impressive increase of 23.5%, medium is up 15% and light posted an increase of 5.3%. The spike in online shopping likely resulted in some owners in the light sector upgrading during 2021 and as such, the demand may not have been as great at this current time. Reviewing any sales figures of major assets and machinery at the moment cannot be done fairly without taking into account issues around supply. It’s well-known that the computer chip shortage has created havoc with manufacturing across many sectors. Availability has been restricted in many markets and trucks and heavy duty vehicles have not been totally spared. Also worth noting is that the figures represent new regos. That’s the trucks that were delivered in a certain period. It may not accurately reflect demand as dealers could have full order books to fill as soon as stock becomes available. But truck sales figures are always interesting to stay across. ## **Brands that Sold Best** Of even greater interest to the overall figures is seeing which particular brands sold the most vehicles in a particular period and how that maker is performing compared with the same month in the last year. Figures are issued as overall total sales which include all categories – heavy, medium, light duty and commercial vans and issued for each category. So there’s plenty of data for prospective buyers to digest and consider. The top five makers for overall total sales for January 2022 were: [Isuzu](https://www.isuzu.com.au/) up 24.4%, Hino which posted a decrease of 9%, Fuso was up 17%, [Kenworth](https://www.kenworth.com.au/) in 4th with 34% increase and Volvo rounding out the top 5 with a 14% increase on January 2021 results. For rankings per segment:- Heavy-duty: Kenworth, Isuzu up 56.8% in this area, Volvo, Mack up 190% but 2021 comparison figure was quite small and UD in 5th with 54 vehicles sold representing a 125% uptick. Medium-duty: Arguably the most competitive segment and the top five were Isuzu, Hino, Fuso, IVEC and Mercedes-Benz. Hino and IVECO the only ones to post a decrease in sales. Light-duty: These versatile vehicles are typically in high demand due to the high workload and need to regularly upgrade. The top 5 were Isuzu, Fuso, Hino, IVECO and Fiat. Fuso performed well in this category with an 18% increase but IVECO, which sold 51 units recoded a massive 183% rise in figures compared with January 2021. As supply chains start to ease and availability issues resolve, comparing month on month and brand v brand figures further into the year may be hold greater relevance. ## **Cheap Loans and Tax Incentives** While many can present a range of reasons for good truck sales, the historic low interest rate situation plus the IAWO and [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) have got to be major drivers. Combine the two – a cheap truck loan that is suited to temporary full expensing, and that is a super-charged reason to invest in new vehicles. Jade Finance offers the full range of commercial loans, at better interest rates, for truck purchases. Our [loan selection](https://jade.finance/truck-loans) includes:- - Chattel Mortgage - Lease - Commercial Hire Purchase - Rent to Own For those intent on super-charging, Chattel Mortgage is considered best-suited to work back with temporary full expensing. While [interest rates](https://jade.finance/truck-loans/truck-finance-calculator) are low now, that situation may not be around for as long as previously anticipated. The RBA had put 2024 as a general guideline to when they anticipated the economic conditions would be in place to signal a rate rise. But recent events including surging inflation, appears to be bringing that timing forward, possibly to 2022. In order to avoid paying too much for your truck loan, now could be the ideal time to speak with Jade Finance about truck finance on a best-selling truck. **Contact Jade Finance 1300 000 008 for cheap truck finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Ways Forward Through Business Loans During COVID-19](https://jade.finance/blog/ways-forward-through-business-loans-during-covid-19) **Published:** June 30, 2021 **Author:** Publisher **Content:** The COVID-19 pandemic has been a very unsettling period over the past 18 months for most businesses. The situation in Australia was starting to appear extremely positive with economic indicators well beyond the expectations of even the Treasurer, Josh Frydenberg. But despite the best efforts of many, the Delta variant of COVID-19 managed to get into the community and cause widespread outbreaks. [With a number of outbreaks across several states, lockdowns were seen as the only course of action for State and Territory Governments in a race to contain community transmission](https://www.health.gov.au/topics/covid-19/reporting?language=und "Covid19 Current Situation"). But lockdowns come at a cost, especially to businesses that may have just begun to recoup the negative impacts sustained earlier in the pandemic. Even for those businesses that have not been seriously impacted by the lockdowns or other aspects of the pandemic, the continuing COVID-19 situation can be a reason to rethink and reassess the overall business operation. Time to consider more workable and affordable ways to take the business forward amidst uncertain times. Consider how cost-effective and tailored finance may be the springboard to facilitate your business plans. ## **Purpose and Function** Commercial or business finance includes a range of solutions to suit different purposes. Finance is not confined just to loans for the purchase of assets such as vehicles, trucks and equipment. Businesses require funding to solve a range of needs and the funding available is structured to suit those specific requirements. Identifying the business need and matching that need with the appropriate finance solution is key to a cost-effective and workable outcome. Equally key is sourcing that finances through the right lender. The product range and interest rates on commercial finance can vary significantly across the lender market. Businesses that traditionally and solely source their finance and loans only through the bank where they hold their transaction accounts may be overlooking the flexible loan offers available through the extensive non-bank lender market. Non-bank lenders are not always as well-known as the major and even minor banks and many offer their services only through a broker network with businesses such as Jade Finance. While the major banks can be highly competitive and remain the largest source of lending in Australia, exploring the growing non-bank lender market can deliver benefits to many businesses. [Allow Jade Finance to handle your finance requirements, and receive access to banks and non-bank lenders sourcing the cheapest rates on offer](https://jade.finance). ## **What is your preferred way forward?** So how are you looking to move your business forward and how can we assist you to achieve your objectives. - **Acquiring Business Assets:** For many businesses, expansion and growth require the purchase of additional or upgrade equipment, plant and machinery, trucks or other vehicles. These assets can be financed very cost-effectively through a range of finance products. Our portfolio of asset acquisition loans includes Leasing, Rent to Own, Car Chattel Mortgage and Commercial Hire Purchase. These are based on essentially a secured loan format and all offer tax-deductible benefits. - **Supporting Cash Flow:** Pressures on cash flow can be a recurring problem for businesses. A problem that is exacerbated by lockdowns that cause either business closures or limit customers and income. [To support cash flow issues, we offer Business Overdrafts as a flexible option](https://jade.finance/business-loans/business-overdraft). While most associate overdrafts only with banks, you may be surprised to know that non-bank lenders also provide overdraft facilities to businesses. They operate on the same basis and can be an attractive option, especially where a business does not meet its bank’s guidelines for an overdraft. - **Purchasing Non-Asset Business Needs:** Beyond the equipment and vehicles, the business has many other purchases which can power their business forward. Purchases that are not suited to the asset acquisition loans. These may include the implementation of training and development programs and other business development activities as well as other purposes. For these purposes, we offer both Secured and [Unsecured Business Loans](https://jade.finance/business-loans/unsecured-business-loans). Our consultants will work with you to deliver the most appropriate option. - **Easing Individual Payment Pressures:** You may have a large obstacle preventing your pathway to move forward. That obstacle may be a large payment for your insurance premium. To enable businesses to spread large insurance premiums over a longer timeframe we offer Insurance Premium Funding. This loan type divides the large premium into several smaller payments to ease pressures on the business and free up funds for other general operational purposes. - **Accelerating Receipt of Payments for Goods and Services:** So many businesses have their own growth or even weekly operations hampered by the slow payment policies or behaviour of their customers. You do the work, provide the services, deliver the goods within the required timeframe and then have to wait for ages for payment while covering your ongoing costs. Invoice Debtor Funding is a flexible and workable solution to this situation and maybe just what you are seeking to get your business moving. Feel free to use [our Interest Rate Calculator to compare banks and lenders Australia wide](https://jade.finance/personal-loans/interest-rate-calculator) and request a quote. ## **Specialist Loans: Low Docs and No Docs** If you see your way forward in a business of your own, then you may be set for challenges in sourcing finance. Setting up a new business can present issues in achieving loans as banks will require extensive financial documentation as part of the application. Through our non-bank lenders, we can provide low docs and [no doc car loans](https://jade.finance/car-loans/no-doc-car-loans) across our portfolio which open up the opportunity for new and start-up businesses to access cheap interest rate finance solutions. Whatever you see as the way forward for your business, Jade Finance is prepared to join you on the journey through sourcing cheap interest rate finance. **For quotes on business finance solutions contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Want lower monthly loan repayments? We show you how](https://jade.finance/blog/want-lower-monthly-loan-repayments-we-show-you-how) **Published:** November 17, 2021 **Author:** Publisher **Content:** When considering a major purchase such as a boat, car, motorbike or caravan, buyers will generally have a fairly good idea of what they can afford. They know essentially what price range to look at when reviewing what is on the market. If planning to make that purchase with finance, buyers will also want to have a good idea of what loan repayments they can manage. When purchasing goods with a loan, affordability can refer to a greater extent to the loan payments than to the total advertised purchase price. After all, that is the amount that the buyer will need to be paying out each month. The repayments have to work with their resources, their budget and their financial goals. To achieve the optimum affordability for their purchase, savvy buyers will be looking to secure both the lowest purchase price and the lowest monthly payments. Negotiating the lowest purchase price with the seller will essentially be up to the seller’s flexibility and the buyer’s bargaining skills. But when it comes to getting lower monthly loan repayments and dealing with banks and lenders, what tools, strategies and resources can buyers utilise? Individual loan applicants often have minimal bargaining power with a large lender. Jade Finance outlines a range of methods that can be used to tailor a personal secured loan to achieve lower monthly loan repayments. ## **Loan Structure** Secured loans comprise a number of elements and causative factors. The features and inclusions that work individually and together to derive the repayment. - [Loan Interest Rate](https://jade.finance/personal-loans/best-personal-loan-interest-rates) - Total Loan Amount - Term of the Loan - Type of Lender We’ll go through how each of these can be varied to achieve a cheaper loan repayment. ## **Get the Cheapest Interest Rate** When scrutinising the lending market for a personal loan, the interest rate on offer will usually be the main feature which is promoted by the lender and searched for by the buyer. Under the [Consumer Laws](https://asic.gov.au/regulatory-resources/credit/), consumer finance lenders must display both an Advertised Interest Rate and the [Comparison Rate](https://jade.finance/car-loans/car-loan-interest-rates). The Comparison Rate is based on a specific loan example which will be detailed adjacent to the rate. This rate includes certain fees and charges. After the total loan amount or principle, the interest component of a loan is the next major cost. So the cheaper the interest rate the cheaper the repayments. The interest rates offered will vary across loan categories – cars, boats, caravans, and from lender to bank to finance company. Lenders set their rates according to their own costs and the [RBA’s official cash](https://www.rba.gov.au/) rate as well as their interest in being competitive in that market. While some of the percentage variations from lender to lender may seem quite small and as such not very important, a quick referral to our Interest Rate Comparison and [Loan Calculator](https://jade.finance/personal-loans/personal-loan-calculator) will show you how important this actual is. By inputting the details of your loan into the calculator and keeping all values steady while changing the interest rate, you’ll see the effect of the rate on the repayment. So that is step one, realising that securing the cheapest interest rate is important. Step two – how do you actually get the cheapest interest rate? That takes us to choice of lender and why engaging a broker-style lender like Jade Finance can assist. Our consultants handle the quote sourcing from across our vast group of lender accreditations and use our bargaining power to secure our customers the best interest rate possible for their requirements. More on choice of lender below! ## **Request Different Loan Terms** Another method to achieve a lower repayment amount is in regard to the loan terms. The term is the number of years to repay the loan. In simple terms, if you want the lowest loan repayments then request the longest possible loan term. If the loan term is shorter, the repayment will be higher. But be mindful that interest is a per year rate so the more years of the loan the greater the interest payable in total. ## **Access the Right Lender** Finding and applying to the right lender can have a big impact on the repayment amount offered in the loan quote. When a loan applicant contacts a bank or finance company for a quote they are often TOLD not ASKED how the loan will be structured – at what rate and over what terms. By using the services of [Jade Finance](https://jade.finance), we ask our customers what they are seeking and then proceed to source the loan quote as close as possible to those specifications. As lenders we have the bargaining power to negotiate that individual borrowers simply don’t have. Another tip is to consider specialist lenders. In addition to banks and finance companies, there are lenders that specialise in different loan markets such as leisure goods such as boats and caravans. With particular interest in the sector, these lenders often have a greater understanding of the market and may offer better interest rates and an overall better loan with those essential lower repayments. Jade Finance has connections with such lenders and provide the access to these channels. Lower loan repayments can be achievable by having an understanding of how personal secured loans are structured and priced and by engaging experts such as Jade to source and secure the loan for you. **Contact Jade Finance by phone 1300 000 008 to discuss a lower repayment loan for a car, motorbike, caravan or boat.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Vehicle Sales Soaring - compare loans on the latest top selling cars](https://jade.finance/blog/vehicle-sales-soaring-compare-loans-on-the-latest-top-selling-cars) **Published:** September 11, 2023 **Author:** Publisher **Content:** Car buyers, or would-be buyers, who have had to put purchase plans on hold or go on extended wait lists due to supply issues in the motor vehicle industry should be pleased to hear the latest car sales. The August vehicle sales data has been released by the [FCAI ](https://www.fcai.com.au/)(Federal Chamber of Automotive Industries) with impressive figures and the list of top selling cars. August 2023 sales were 15.4% higher that August 2022 with the year-to-date (YTD) figures showing a promising positive trend. With many buyers keen to get behind the wheel of a new car, Jade Finance covers the latest sales figures and details the top selling cars and loan options for private and business buyers. With supply appearing to ease along with interest rates also on hold, now could be an ideal time to start or re-start those car buying plans. The summer holidays are not that far away so it could be time to think of a road trip car or for business operators, to upgrade vehicles and be ready to tackle the new year opportunities. ## Unprecedented Sales – FCAI In reporting the August vehicle sales results, the FCAI Chief Executive Tony Weber, described the data as unprecedented. Mr Weber welcomed consecutive months of record breaking results, noting the high demand and improving supply scenario. The 15.4% increase on the same month last year is something to celebrate for the industry, but Mr Weber focussed on the YTD comparison of a 9.9% lift as being more significant of market strength. Low emission vehicles continue to be embraced by the Australian market with hybrids making up 10.5% of August sales and EVs 6.4%. Despite drops in sales in recent times, Toyota retained its position as the top selling cars brand with Mazda holding second spot followed by Ford. The Ranger v HiLux rivalry is closely watched by motoring enthusiasts, owners and buyers. In August the HiLux triumphed in the sales figures but it was no routing. Toyota selling just two more vehicles than the Ford Ranger. What else sold well? Read on for the top sellers in a range of categories and start thinking finance with our update on motor vehicle finance options and interest rates. ## **August’s 10 Top Selling Cars and Brands** Ranger and HiLux appear to own the top steps on the sales podium. But lower in the top 10 rankings there are regular changes and in August there was a few. [Tesla](https://www.tesla.com/en_au) which had featured as high as 3rd best seller, reportedly did not have significant stock deliveries in August. This has been given as a reason for the Toyota RAV4 to sneak into 3rd top selling vehicle. The complete 10 top selling cars in August were:- HiLux, Ranger, Isuzu D-MAX, MG’s ZS model, Toyota Corolla, Tesla Y, Tucson from Hyundai, Mitsubishi Outlander and finally the Prado in 10th. The brand stakes are an equally sought-after accolade. The top selling car brands for the month were Toyota, Mazda and Ford leading the charge, followed by Kia then Hyundai and Mitsubishi. MG, Tesla, Subaru and Isuzu round out the 10. Details on the top sellers are provided for a different vehicle categories to assist buyers see where stock may be available and what other buyers have already decided are the best buys. Here are a few of the popular categories for buyers to noted:- - Below $60,000 medium car: Toyota Camry, Octavia by Skoda, Mazda 6. - Below $60,000 medium SUV: Toyota RAV4, Tucson and Mitsubishi Outlander. - Above $60,000 medium SUV: Model Y Tesla, Lexus NX and CX-60 by Mazda. - Below $70,000 large SUV: Prado, Outback and Everest. - Ute 4×2: Toyota HiLux, Isuzu D-MAX and Ford’s Ranger. - Ute 4×4: Ford Ranger, Toyota HiLux and Isuzu D-MAX. - Above $100,000 ute: RAM1500, Chevrolet Silverado HD, Chevrolet Silverado 1500. Sales figures do not definitely indicate stock availability. Some of these sales would be fulfilling wait list orders. Buyers are advised to contact dealers to check stock levels. Where stock is still limited, speaking with us to arrange financing first, may assist in securing your vehicle of choice. ## Top Selling Cars Finance Options To finance a top seller or any other new vehicle, the Secured Car Loan will suit most private buyers. A straightforward secured finance format with our attractive rates and terms. Business operators can select from Chattel Mortgage, Lease, Hire Purchase, and even [abn car loans](https://jade.finance/business-loans/abn-car-loans) to finance their top tenner. Temporary full expensing is no longer available for most businesses and assets over $20K, but attractive tax deductions and our lower rates can deliver cost-effective and workable financing solutions. ## Car Loan Interest Rates The RBA Board kept rates steady on September 5 and the markets expect rates to remain this way for a while. Despite the RBA hold, car finance interest rates still vary within the motor vehicle lending sector. As the [best personal loan broker](https://jade.finance/personal-loan-broker), we assist buyers by sourcing the best rates from across a wide selection of lenders to simplify and expedite the process of finding the cheapest vehicle financing. Use our current rates for personal car loans and business vehicles as a guide and contact us for your specific rate. **For better finance at better rates on top selling cars contact Jade Finance on 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Ute Awards, Upgrades and Cheaper Ute Finance](https://jade.finance/blog/ute-awards-upgrades-and-cheaper-ute-finance) **Published:** November 7, 2022 **Author:** Publisher **Content:** Utes or cab chassis are some of the most popular motor vehicles for work and recreation. Their strength, performance, flexibility and durability have made utes a favourites with business operators across many industries and with boat and caravan owners as a trusted towing vehicle. The local market for utes has grown significantly in recent times, especially with the emergence of brands such as GWM and the massive RAM trucks from the USA. While the choice of which ute is the one to buy, buyers are also faced with decisions around ute finance to be made. Buyers may turn to the announcement of best utes awards from motoring experts to assist with selecting a make or model. **With interest rates on the rise, those considering purchasing a new cab chassis will making cheaper ute finance a key priority in the buying process.** To assist ute buyers, we bring results of the latest ute awards and news of upgrades to a popular cab chassis model as well as how to get cheaper finance to make one of these models your new vehicle. ![](https://jade.finance/wp-content/uploads/2022/11/Ford-Ranger-WILDTRAK-190-1024x537.png "Ford-Ranger-WILDTRAK-190 - Jade Finance")## **Best Utes for 2022** Trying to select a winner from all the great utes on the market is a challenge and one that is taken annually by motoring experts. The Carsales team undertake this task as part of their annual car awards program and recently announced the winners for the dual cab 4×4 category. The long list was cut back to just 7 final contenders and a comment from the judges worth noting was that they decided there wasn’t any ‘bad eggs’ amongst those finalists. So buyers, the final decision may be yours. There was a detailed criteria for all finalists to be 4 cylinder, have similar capacities for towing, diesel powered, mid size range, auto and in the $60,000 ex on roads price range. The winners as judged by carsales for 2022 are (drum roll)…. Winner – Ford Ranger. Then followed in order – Isuzu DMAX, BT 50 from Mazda, the iconic HiLux, Nissan’s Navara, GWM Ute and coming in seventh place was Mitsubishi’s Triton. To read all the reasons why the judges made their decisions, visit the [carsales announcement](https://www.carsales.com.au/editorial/details/best-dual-cab-4x4-ute-2022-the-verdict-138004/). So that is just one of the awards and accolades that buyers may like to consider. The team at Drive announced its winner of Dual Cab of the Year to Isuzu’s D-MAX while the HiLux dominates the top selling utes month after month. While award winners may provide information for buyers, there is the issue of availability to also be considered. If the need is now for that new ute, whether it is available to drive away today or soon, may be more of a deciding factor. ![](https://jade.finance/wp-content/uploads/2022/11/2023_toyota_hilux_rogue_australia_2-1024x537.png "2023_toyota_hilux_rogue_australia_2 - Jade Finance")## **Upgrade News** Something else for buyers to consider in the ute market may be the recently announced upgrades for 2023 models of the Isuzu D-MAX. Upgrades which are coming without any upgrade in pricing and with stock due at Isuzu Ute dealerships this December. That ticks two important boxes to go with the Drive Ute of the Year 2022 award. Upgrades are considered, as note by MD Hiroyasu Sato, as the most notable since the D-MAZ range was introduced. There are four new model variants and a new aesthetic amongst many other changes. For serious buyers that are ready to talk dollars, the prices of the different new D-MAX models range from the $32,000 mark up to the $65,000 mark for the top level X-Terrain model. To start thinking finance, put those numbers into our [Car Finance calculator](https://jade.finance/car-loans/car-finance-calculator) for repayment estimates. ## **Ute Finance** Now we’re on to talking finance, which let’s face it, can be THE deciding factor when it comes to any motor vehicle purchase. Purchase prices don’t have as much relevance as the finance payment per month figure. With interest rates on the way up and more on the horizon, the key priority will be securing the [cheapest interest rates](https://jade.finance/car-loans/car-loan-interest-rates). Rates on car finance do vary across banks, finance companies and dealer finance. Despite the RBA increasing the cash rate significantly since May this year, we maintain our cheaper car loan interest rates policy. That includes rates for both Secured Car Loans for private buyers and across our [Business Vehicle Finance](https://jade.finance/business-loans/business-car-finance) products. Business buyers may consider achieving a better overall outcome from their ute purchase with Chattel Mortgage and temporary full expensing. Private buyers can ensure their credit profile is in the good range as lenders assess this as an important part of the application assessment and deciding what interest rate will be attached to nay loan offer. The RBA is strongly tipped to raise rates possibly several more times in coming months. So to secure your ute finance ahead of the next hike, contact us now for pre-approved finance. **Contact Jade Finance 1300 000 008 for better finance on ute and cab chassis purchases.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Ute and Van Buyers: Awards, Best-Sellers, Cheap Business Vehicle Finance](https://jade.finance/blog/ute-and-van-buyers-awards-best-sellers-cheap-business-vehicle-finance) **Published:** March 21, 2022 **Author:** Publisher **Content:** Utes, dual cabs and vans are the workhorses of Australian business. So it’s no wonder that several utes regularly rank in the top 10 best-selling motor vehicle figures. When selecting a ute or a van, business operators have a great selection of makes and models on the Australian market – Toyota, Ford, Isuzu for starters. So when it comes to deciding which one will be the next purchase it can be a challenge. Should you go with the models which motoring experts have awarded as ‘the best’? Opt for what’s selling best? Or in the current market with supply issues, it could be what model is available! There are a lot of individual decisions to be made but one universal criteria will be – cheap finance. Buyers of new utes, dual cabs, vans and other work vehicles are predominantly seeking cheap business vehicle finance and the most efficient way to secure their loan. The latest best-selling vehicle data for February has recently been released as has the announcement of the winners in the annual Drive car awards. So potential buyers have plenty of information to pore over in deciding which ute or van will be their next purchase. ## **February’s Best Selling Utes and Vans** The [FCAI](https://www.fcai.com.au/) releases the data each month for sales of vehicles across multiple categories. This can be an interesting guide to potential buyers as to the popularity of certain models. But in the current motor vehicle market environment with supply issues and delivery delays, the data may not accurately represent popularity. More what dealers had stock to fill orders in that month. But it’s always worth checking out. Across all categories the trusty [HiLux](https://www.toyota.com.au/hilux) came out on top and Toyota held its dominance as best-selling brand. Also in the top 10 across all categories was the Triton, Ranger and D-MAX. Drilling down into specific market categories:- 4 x 2 Utes: HiLux, Isuzu D-Max and then came the Triton 4 x 4 Utes: HiLux again the top seller then the Triton and in third the Ford Ranger Vans below 2.5t: Best seller was the Kangoo followed by the Caddy with the Peugeot Partner in third. Vans between 2.5 and 3.5t: Another Toyota came in first, the HiAce followed by the keenly priced LDV G10 and then the Staria from Hyundai. The FCAI reports that the light commercial market recorded an increase of 12.3% in comparison to February 2021. ## **Awarded Vehicles** So those are the best-sellers, now for what the experts at [Drive](https://www.drive.com.au/drive-car-of-the-year/2022/) have awarded as their picks for cars of the year in the ute categories. These awards are conducted annually and cover a heap of categories. We’ve selected just a few to highlight in the work vehicle sector. - Best Dual Cab Ute, Off-Road: Winner is the Ford Ranger Raptor. Finalists included Nissan Navara Pro-4X Warrior and Jeep Gladiator Rubicon - Best Dual Cab Ute: This year the judges announced dual winners – the Isuzu D-MAX X-Terrain and the Mazda BT50 SP. Finalists: Nissan Navara, Ford Ranger, HiLux SR5 It’s worth reading the details of how the judges come to their decisions and the criteria for each category. Interesting variations between award winners and the best-sellers. But when considering sales figures keep in mind the supply issues and that this data is only for one month. ## **Finance Options and Opportunities** While preferences may vary in which ute or van to purchase, Toyota, Ford, Mitsubishi, Nissan, Isuzu and other buyers will be united in their quest for great value motor vehicle finance. With fuel and other prices on the rise and materials shortages across many sectors, the need to secure cheap vehicle finance is even more important than ever. Jade Finance offers the full portfolio of [motor vehicle finance](https://jade.finance/business-loans/business-car-finance) at better interest rates for business owners:- - [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) - Hire Purchase - Leasing Finance is available for all types of business operations and unlike some banks and lenders, we do offer cost-effective loans for [Low Docs and No Docs](https://jade.finance/car-loans/no-doc-car-loans) Vehicle Finance. The[ interest rate](https://jade.finance/car-loans/car-finance-calculator) varies across the different types of finance products. While it is a natural instinct to head straight to the lowest-rate loan type, business operators should also assess the full range of features and benefits of each loan type. The benefits should be considered in the context of the individual business. There are a number of variations which will or won’t best-suit different operators and different objectives. We advise customers to bring their accountant into that aspect of the decision-making to provide their expertise as many of the aspects relate to accounting practices. Whatever finance product you want and whatever vehicle you select, it could be highly advantageous to act quickly. Interest rates are still at historic lows but it is looking extremely more likely that the RBA will move on rates in coming months. A rate rise by the RBA will flow through to the lending markets and that could mean paying more on vehicle finance than you could secure today. To get moving on purchasing an award-winner or a best-seller, contact Jade to discuss finance. **Contact Jade Finance 1300 000 008 for cheap finance on utes and vans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Used Car Loans: Used v New Considerations](https://jade.finance/blog/used-car-loans-used-v-new-considerations) **Published:** December 1, 2021 **Author:** Publisher **Content:** Buyers wanting to buy a brand new car right now are facing challenges created by problems in the supply chain. Problems around the pandemic in key overseas manufacturing hubs, a global shortage of computer chips and more recently shipping issues are have serious consequences for the new motor vehicle market here in Australia. Demand is outstripping supply for some new vehicles and that has many turning to the used car market. Before making the purchase decision on a used car, Jade Car Loans provides prospective buyers with information on used car loans and other used v new considerations. ## **Motor Vehicle Market: Current Issues** As mentioned, the pandemic caused shutdowns in some overseas factories to be further exacerbated by the micro-processor shortage. The overseas production delays have flowed onto local dealers facing delays in filling their own orders for new cars with reports of several months’ wait on some popular vehicles. With the predictions that the global supply chain crisis may extend well into 2022, new car buyers who do not want to wait are of course considering used cars. So as the theory of economics goes, as demand increases the prices of used cars has increased significantly. The soaring prices in the second hand car market have been a focus in the media lately and some of the comparisons with new car prices is quite eye-watering. The decision over buying a new motor vehicle or a second hand model often comes down to personal preference. There are those that always buy new and those that see better value in a second-hand car. Jury’s out on that one! We provide finance for both new and used vehicles for both personal use buyers and those buying a business vehicle. ## **Used Car Loans and Finance** Comparing the purchase price of a used car to the newer model may be a key buying decider. But if you can’t take delivery of the new for several months and you need a new vehicle, the next issue to consider may be the [finance](https://jade.finance/car-loans) available for used cars. Here are a few key points to keep in mind:- - Motor vehicle [finance interest rates](https://jade.finance/personal-loans/interest-rate-calculator) as displayed by banks and lenders are for new cars unless it is specified that the rate applies to used goods. We can achieve cheap interest rate finance on used cars but all applications are assessed individually. - When assessing new car loan applications, the main priority for lenders is the risk assessment of the [credit profile](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) of the applicant. But when it comes to used car finance applications, the age and condition of the car and the loan amount being requested will also be taken into consideration. - Used car loans may differ from new car loans in the loan amount approved. With prices of cars in the second hand market soaring, the price being asked may exceed the industry valuation of the vehicle. This may impact the loan amount being requested. Lenders may request that the loan total be reduced for the finance to be more in line with the valuation. - To attract buyers, second hand motor vehicle dealers that have a financing connection often display a ‘price per week’. That ‘price’ referring to the loan repayments. When contemplating auto dealer finance it is strongly advised to check the interest rate including the comparison rate for consumer loans and ask us for a quote to compare. We can provide you with a quick quote so as not to lengthen the buying timeframe. - Securing pre-approved used car finance prior to heading out to visit dealerships can place buyers in a good position to commit to the sale and hence not miss out when stock is limited. ## **Heads-ups for Used Car Buyers** If you are usually a new car buyer that has turned to the used car market or this is your first car purchase, we offer a few alerts to stay across during the process. - If buying online or from a private seller, refer to [ScamWatch](https://www.scamwatch.gov.au/) to update yourself of what to watch out for. An uptick in online fraud has been identified as a result of lockdowns and more people buying via online platforms. - Checking vehicle ID through REVs and the [PPSR](https://www.ppsr.gov.au/) regardless of the seller – dealer or private, is always advised. When using Jade to source your used car loan, your consultant will do many of these checks through our motor vehicle lending industry resources. - Motor vehicle dealers should be licensed and display their credentials. - Get a vehicle inspection from a reputable expert of motoring body. - Check Red Book for a valuation to ensure the price being asked is reasonable. - When returning to actually pick-up your purchase, do a thorough inspection to ensure that no features such as accessories or the tyres have been changed since the time you first saw and paid the deposit on the car. - If possible, request service records. Research the make/model online to try to get an idea of what parts/components may need replacing in the near future and what, if any, problems are typically encountered with the vehicle. This may give you an idea of what repair and servicing costs you could be in for ahead. - Check the warranty and be clear as to what you are covered for and for how long. There are some great value and great quality vehicles in the used car market. Many companies, car rental companies and government departments regularly upgrade their fleets and on-sell the vehicles. These can be in very good condition and well-maintained and make good second hand car buys. So if you can’t wait or don’t want to wait for your preferred new vehicle to be available, speak with us to secure a pre-approved used car loan and head to the used car market to secure your new vehicle. **Contact Jade Finance by phone 1300 000 008 for used car loans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Updates for Boaters: Sea Doo Loans, Special Event Restrictions, New Ramps](https://jade.finance/blog/updates-for-boaters-sea-doo-loans-special-event-restrictions-new-ramps) **Published:** December 20, 2022 **Author:** Publisher **Content:** The boating season has been underway for a while but is set to ramp up as the school and Christmas-New Year holidays get underway followed closely by Australia Day in late January. There will be many new boat owners heading to the waterways and both novices and highly experienced boaters should be aware of some of the latest updates. For those hoping to get their hands on a new jet ski this season, the news is looking good from Sea Doo. We’ll give you the info along with how we can assist with Sea Doo loans. ## Stocks of Sea Doo Reportedly Available According to an article on boatsales, the Australian market will soon have stock of new Sea Doo PWCs. This has apparently come about due to supply chain issues which caused delays in getting the machines into the north American boat market in time for their peak boating season. So those PWCs are apparently coming to Oz. That should be excellent news for jet ski and PWC buyers as the market has been short on supply due to massive demand over the past few years. Due of course to the pandemic! Buyers interested should contact [JSW Powersports](https://jswpowersports.com.au/) as they are the biggest dealer for the brand in Australia. **Arranging pre-approved finance for Sea Doo loans through Jade Finance can be a sensible move to ensure keen purchasers secure limited availability models.** We provide finance for Sea Doo PWCs and other brands of jet skis with our [Secured Jet Ski Loan](https://jade.finance/boat-loans/jet-ski-finance). No deposit finance is a possibility and we individually source and negotiate each loan to ensure the cheapest rates and most agreeable finance terms are achieved. Pre-approved Sea Doo loans will have the same interest rate as a loan which is applied for after the PWC purchase. There is no obligation. So if the model or the price is not for you, the Sea Doo loans offer simply expires. To match the price quoted with estimated loan repayments use our [Finance Calculator](https://jade.finance/boat-loans/boat-finance-calculator). ## Event Restrictions – Sydney Harbour Sydney Harbour is a magnet for boaters especially on three particular dates in summer – Boxing Day for the Sydney-Hobart Yacht Race, on NYE for the world-famous fireworks and for the Australia Day celebrations on January 26. To control the flotilla, marine authorities have special conditions in place as to where boats can access and where they can drop anchor. For the yacht race start, exclusion zones are in place which boaters should update themselves on. There are changed restrictions in place for NYE on the harbour and all the details are available at the [event website](https://www.sydneynewyearseve.com/boating/#:~:text=These%20have%20changed%20from%202021,VHF%20channels%2017%20and%2013). Certain areas are out of bounds to unauthorised boats and Balls Head, Bradley’s Head and the eastern zone from Cockatoo Island are exclusion areas. If you’re intending to collect your guests from a wharf in the harbour, we recommend you check on wharf closures. Many will be closed from early afternoon and the roads leading to wharves may also be closed. Those on the water are advised to stay up to date with what’s happening on channel 13 and channel 17 on their VHF radio. ## Victorian Ramp Upgrades Thanks to work from local councils and Better Boating Victoria quite a few ramps in the state have undergone recent upgrades to increase accessibility. This will open up more options for Victorian boaters to enjoy the waterways. If undecided where to head this summer, take some inspiration from the [boating trails guide](https://betterboating.vic.gov.au/boating-trails/). **Safety – the number 1 priority!** - Before heading out always ensure you have sufficient lifejackets for all those on your boat. - Before the first trip of the season, check that all renewable items such as flares have not expired. - Organise repairs to covers as La Nina plans to stick around until the early part of 2023. That can mean more storms. - Many rivers are still showing the effects of the disastrous floods which hit multiple states recently. Hazards could be floating just below the surface and water conditions may not be suitable for swimming. So take care! - Stay in touch with the local marine authority and with the Bureau of Meteorology for the latest updates on the weather. ## It’s Never Too Late for a New Boat If you’re still to buy that dream boat for summer, it’s not too late in regard to the boat loan. We are available to talk [cheap interest rate boat loans](https://jade.finance/boat-loans) to get you onto your boat asap. Quick quotes and fast approvals ensure we won’t be the ones to leave you as a landlubber this summer. When planning the boat purchase, try to include the extras such as life jackets, trailer, upgraded motor and other accessories in the same purchase order. That way your Jade Finance consultant may be able to include the cost in your boat loan. For the latest updates on boating in your state or in your destination location, check in with the relevant authority. **Contact Jade Finance 1300 000 008 for boat loans for all types of boats including cheaper rates on Sea Doo loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Top Selling Vehicles 2021](https://jade.finance/blog/top-selling-vehicles-2021) **Published:** January 11, 2022 **Author:** Publisher **Content:** Despite lockdowns, shutdowns, virtual showrooms and all the other restrictions imposed to protect the community during the pandemic, many car buyers still found their way to a new car purchase. According to Tony Weber, CEO of FCAI (Federal Chamber of Automotive Industries) in releasing the car sales figures for 2021, despite access to showrooms being restricted, the Australian new car market was positive. The top selling vehicles 2021 have been revealed in the annual sales figures with makes and models for prospective buyers to consider. Over 1 million new vehicles were purchased in 2021 across Australia which was a 14.5% increase on the result for 2020. If you weren’t in that 1 million and you’re still in the market for a new vehicle, checking out what others have purchased could provide some inspiration and direction. Lists of top selling vehicles, which are released on both a monthly and annual basis, can indicate which makes and models are popular with buyers. But for 2021 the lists need to be put into context. The past year has seen major disruptions for car manufacturers globally and issues around shipping vehicles into Australia. The microprocessor shortage has plagued manufacturing in many sectors with major car makers especially hard-hit. So getting behind the wheel of a new car in 2021 may have been more around what vehicles were available to drive-away now rather than exactly what the buyer wanted. ## **Backgrounding 2021 Sales Results** Mr Weber [issued a statement](https://www.fcai.com.au/news-and-media/) with release of the 2021 new car sales results and stated that the car makers were working hard to improve supply chains in 2022. Several manufacturers have released models for 2022 ahead of schedule which hopefully is a good sign if not a trend for all. EVs are finally gaining traction in the Australian market after a slow take-up compared with many overseas markets. This segment saw an increase of 191% in sales compared with 2020. But the segment accounts for a very small 0.49% of the total new vehicle market. Non plug-in hybrids sold better than other models. SUVs continue to rule in the Australian car market. This segment posted an increase of 16.9% for 2021 compared with 2020. Also up were sales of light commercial vehicles in response to the massive increase in online ordering created by the stay-at-home restrictions and isolation rules. Business vehicle sales were positive as we have experienced ourselves, business owners taking advantage of [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) to purchase new vehicles for their operations. Availability is likely to be an issue for some brands in 2022 but low interest rates should continue for the time being. So it looks like it could be worth researching what vehicles are available to meet your requirements and purchase that new vehicle with our cheap car loans in 2022. ## **Top Sellers** For car makers, making the top seller list can certainly be something to be proud of, knowing so many buyers were attracted to your makes and models. For buyers, it can provide inspiration and possibly interest in a model that you may not have otherwise considered. For that follow our monthly updates on sales figures over the year, it probably comes as little surprise that Toyota was top in 2021. With an impressive 21% share of the total new car market it was again the leading manufacturer. A position it has consistently held for nearly 20 years. Next in the top 10 list of best-selling manufacturers was Mazda, Hyundai, Ford and then Kia. Then came Mitsubishi, Nissan, Volkswagen, MG and Subaru. For those that have been in the market looking for a new car, you may be aware of individual delays and issues that individual makers experienced in 2021. Issues which may have suppressed their full sales potential. The best-selling models is an exciting contest and in 2021 it was close in the top two at least. Over several individual months of sales results we saw the Ford Ranger nudge the iconic Toyota HiLux from its top place. So did this play out in the annual figures? No. It was Toyota HiLux that outsold Ford Ranger on annual figures, with the RAV4 coming in third. Nex came Toyota Corolla and then LandCruiser. With so many models in the top 5, it’s not surprising that Toyota finished as the top selling brand. The following 5 top sellers has a greater brand scope with Hyundai i30, Isuzu D-MAX, Mazda CX-5, Prado and Mitsubishi Triton. For those considering a luxury vehicle it was Mercedes-Benz ahead of fellow German makers BMW and then Audi. ## **Buying a New Car in 2022** Those planning that new car purchase this year will likely still face supply issues for some car brands. If availability looks like it could be an issue for your make/model of choice, you may need to be prompt and prepared to secure your vehicle. Jade Car Loans assists buyers with pre-approved finance across [our loan portfolio](https://jade.finance/business-loans/business-car-finance). Pre-approved finance is available for both business finance and [personal secured car loans](https://jade.finance/car-loans/personal-secured-car-loans) and attracts our same cheap interest rates as loans arranged after purchase. Get planning, get applying and get in fast to secure your new car in 2022. **Contact Jade Finance by phone 1300 000 008 for new car finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Tips on using tax cuts to get better car, boat, motorbike loans](https://jade.finance/blog/tips-on-using-tax-cuts-to-get-better-car-boat-motorbike-loans) **Published:** July 8, 2024 **Author:** Publisher **Content:** From 1 July, many wage earners started receiving more in their weekly wages thanks to the latest round of tax cuts. If your plans for your additional income include buying a new boat, car or motorbike with finance, there are steps you can take that may improve your prospects of a better outcome. As experts in consumer credit, Jade Finance provides tips on how to use extra income from tax cuts to get approved for a better car, boat or motorbike loan. ## Use Tax Cuts to Pay Off Current Loans While a new loan is the objective, many current loan holders may benefit from using any additional income to pay off their current loans. Most consumer loans for goods such as boats, cars and motorbikes allow for additional payments to be made. That is, as well as the scheduled monthly payments. Paying extra against current commitments may reduce the total interest, have the loan finalised sooner, and build up more collateral in the goods under finance. Collateral that may contribute to a better offer when applying for a new loan. The additional collateral may allow for more of any trade-in to go towards the new car or boat, rather than finalising the existing finance. A lower loan amount would then be required for the new goods. ## Use Tax Cuts to Improve Credit Score Good credit scores and profiles are critical to being offered the lowest interest rates and higher loan limits. Lenders assess the applicant’s financial position on credit reports to see the current debt levels when setting credit limits and making rate offers. This position may be improved by paying down any current debts such as credit cards as well as loans. A lower level of debt and with the now higher nett income, improves the overall individual balance sheet. Lenders may be prepared to approve a higher credit limit, allowing a better motorbike, boat or car to be purchased with finance and less required for a deposit. This action may improve the individual’s credit score which may result in lender’s making lower rate offers. Reducing the total cost of the new finance, the repayments and the goods. To see what you may be able to do to improve your individual credit profile, refer to the information provided on [Moneysmart](https://moneysmart.gov.au/). ## Use Tax Cuts to Increase Deposit and Reduce Finance Required This next tip is more of a medium to longer term action and involves saving that extra income from tax cuts to save for a bigger deposit on the new goods. It may sound boring to some, especially for buyers keen to get to the showroom and start test driving. But being a little more patient may result in a better finance outcome for that new bike, boat or car. Having funds in savings improves the individual balance sheet as noted above. Those savings may also be used as a downpayment which reduces the amount needed to finance the new goods. This can ultimately result in those new goods costing you less. A lower loan amount means less interest accrued over the term of the loan, which means that new car, motorcycle or jetski has cost you less. Not to mention lower monthly payments which may allow more of those tax cuts to spend on other treats. Worth thinking about? Use our Finance Calculator to obtain estimates on how different loan amounts change the monthly repayments. ## Use Tax Cuts to Upgrade to a Better Model That increased income may allow buyers to start considering a better model or change plans from buying a used vehicle to buying new. Buying new goods can have potential benefits in reduced servicing costs over the ownership cycle; attracting lower rates on finance for new opposed to used goods; and using the goods under finance as security for the loan. Quality used goods may be accepted by lenders as suitable finance collateral, but this is subject to individual lender decisions. [Loans for new](https://jade.finance/car-loans/personal-secured-car-loans) and used goods can differ. Buyers are advised to review the features of our secured and unsecured loan products to see which is best for their individual circumstances. ## Services and Resources to Plan Purchases with Financing To assist buyers with deciding how our tips may potentially benefit their new loan prospects, we provide a handy [financing calculator](https://jade.finance/personal-loans/interest-rate-calculator). This tool can be used to calculate repayment estimates based on different loan amounts, different loan terms and at different interest rates. If generating estimates for loans planned say in a few months’ time, be mindful that applicable rates at the time the application is made may differ from current rates. Lenders can change their rates if the [Reserve Bank](https://www.rba.gov.au) makes changes to the cash rate. All buyers requiring the best financing on motor vehicles, motorbikes and boats can use our expert services to source their loan. Our expert brokers source the best rates from across our vast lender market, handle the negotiations, assist with the paperwork and settlement. **If in the market for car, boat or motorbike finance with your new tax cuts, contact Jade Finance on 1300 000 008 for a quick quote or apply online.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Tips for Getting a Loan Quickly](https://jade.finance/blog/tips-for-getting-a-loan-quickly) **Published:** July 30, 2020 **Author:** Publisher **Content:** Whether it’s FOMO, the increase in on-demand services or just human nature, whatever the reason, more and more people want everything in a hurry. Instantly if not earlier. When you’re buying a new car, motorbike, caravan and boat, we fully understand that once you’ve made your decision about what to buy, you want your loan sorted asap so you can take delivery. But in the area of your finances, when you’re signing up to a loan for 4 or 5 years, acting hastily can end up costing you a lot more over the term of the loan. Yes, there are ways and channels to get your loan organised fast and there are issues which, we advise, you should avoid. At [Jade Finance](https://jade.finance) we have been operating in the consumer finance space for over 20 years so we know the market, we know who’s lending, we know how each lender and loan source operates and we’re sharing our tips and professional advice with you. ## **Legal Requirements** When you’re sourcing a car, bike or [boat loan](https://jadeboatloans.com.au/) that is consumer finance, there is a set process which the loan provider must follow. The processes and procedures governing this sector are governed by [ASIC](https://asic.gov.au/) and credit providers such as Jade and including banks and finance companies must adhere strictly to these rules. Some steps will take a certain amount of time to cover, but that is unavoidable. ## **Choosing the Right ‘Fast’ Lane** When sourcing consumer finance you have several options and each will vary in the speed of securing loan but should be consider in relation to other factors. Just remember as you read this – an impulsive decision to sign up to the first available or quick loan that comes along might end up costing you in paying too much. We’ve collated a number of dos and don’ts for you to consider. - Most people will want to get a number of loan quotes so they can see which is the most suitable for them. If you’re going to go through that process yourself you need to know – it will take you time. Waiting for the bank or finance company to call you back could take – who knows how long. - A ‘quick quote’ may not actually be a confirmed quote or a loan offer. For example, using our [Personal Loan Calculator](https://jade.finance/personal-loans/personal-loan-calculator) will give you a rough estimate of loan repayments but we clearly state that this is not a quote or an offer. - In order to get a proper quote of exactly what you will be up for and have your loan approved, the bank or lender will have to go through the full application process. If you’re doing this yourself it means going through the process several times. - As a finance broker, Jade Finance is accredited with multiple banks and lenders so we can source you the cheapest quote from multiple sources much faster than you can do it yourself. - Large organisations such as banks and finance companies usually have stringent loan processes and by the very nature of their organisations, these can sometimes be time-consuming procedures. - With our smaller and more nimble set-up, Jade Finance can react and act much faster than most lenders. - Many buyers get very tempted to jump in and sign up for the dealer offer of a loan as they think it will be faster as it’s conveniently placed right in front of them – right where they are buying their goods. Please, read this first: many dealer loans are structured to include higher fees and charges than a bank or some other lenders charge and often include commissions. Sellers like to be able to offer a finance service as they may think buyers will be faster to commit to their purchase. - If it looks too good to be true, it probably is. A boring cliché yes, but when it comes to some loan offers such as 0% interest rate loans – it’s highly likely to be true. These loan advertisements are often used as a promotional strategy and conceal higher fees or higher priced goods or they are only for a short period and then a much higher rate kicks in. Look into them closely and please get a quote from Jade as well. If you do want to get your loan sorted as quickly as possible there are things that you can do yourself in preparation: - Have your financials and paperwork all organised. You will need to provide payslips and other information to any lender. - Do your budget beforehand so you definitely know what you can manage in monthly repayments. ## **Jade Finance: Fast, Personalised Service** At Jade Finance we’ve structured our loan service to provide: - Online calculator for instant rough estimates - Quick quotes that are more than a promotional gimmick - Fast approvals of loan applications - Prompt settlement with assistance with the paperwork so you take delivery of your chosen goods as quickly as possible. And we ensure we source you the cheapest loan with the best interest rate. **For a loan for a car, boat, bike or caravan with swift service, please contact Jade Finance on 1300 000 008** *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. INFORMATION ON INDIVIDUAL VEHICLE SPECS IS SOURCED FROM THE MANUFACTURER WEBSITE. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [Tips for Comparing Consumer Loans and Lenders](https://jade.finance/blog/tips-for-comparing-consumer-loans-and-lenders) **Published:** December 30, 2021 **Author:** Publisher **Content:** After several very disruptive years in our lives, many people are looking to change-up aspects of their lives. Injecting something new into their world to uplift, motivate, enable the take-up of a new recreational activity and open up new ways to enjoy life. Changes including buying a new car, a boat for leisure and recreation, a caravan to embark on travels and holiday or a new motorcycle for – enthusiasts don’t need a reason for a new ride! Others may be looking to take advantage of the current low interest rate situation to upgrade existing goods. Whatever the purpose, when buying goods for private use with finance, buyers will do well to engage in a thorough process of comparing consumer loans and lenders. The lending scene in the consumer finance area is quite vast and buyers may be faced with multiple options. [Interest rates](https://jade.finance/personal-loans/best-personal-loan-interest-rates), loan conditions and other finance details can vary significantly across the market. Those who have not applied for a loan for some time or ever may not be across what to look out for and how to compare the detail. From our extensive and expertise in providing consumer finance, our Jade Finance team has prepared a brief overview of tips for lenders and loans. ## **Consumer Finance Market** Consumer finance refers to loans made to individuals for goods to be used for private or personal use. This is differentiated from business finance which is for goods being acquired by a business for use in the business. The types of loan products are different – consumer loans v business finance, and the interest rates that apply are also different. The consumer loan sector is regulated by [ASIC](https://asic.gov.au/) with laws and guidelines around the processes and procedures that lenders must follow when offering finance to individuals. Lenders need to be licensed and follow the Responsible Lending Guidelines as established by ASIC. When considering different loans, first check the credentials of the lender to ensure they are licensed. Some lenders such as banks operate in many sectors – cars, bikes, caravans etc, while others will specialise in a particular area. While many of the loans will be named essentially the same – primarily a Secured Car/Boat/Caravan Loan or Secured Personal Loan, each lender will have their own individual details and guidelines. In broad terms, the consumer loan market for cars, boats, caravans and motorbikes includes:- - Banks cover many loan categories and are usually easily-accessed. They operate to laws in accordance with their banking status and most have strict loan guidelines which they adhere to. - Finance companies are non-bank lenders and they tend to advertise their loans which may give the impression of a cheap option or a quick and easy to work with loan source. Check our Lender Comparison charts and loan calculators to see how cheap our offer may be in comparison. - Manufacturer and dealer loans is an area which continues to grow. Almost all sellers of say new and used cars has an arrangement with a finance company and offers loans at the dealership. Often these loans are advertised as so much per week to encourage and attract buyers. While many of these may be genuinely good loan offers, some may conceal higher fees or even commissions to the seller. Read the detail and ask about fees and charges and once again, compare repayments by using our calculators. - Finance brokers operate like Jade Finance. We arrange the entire loan process for our customers to save them time, the fall-out of them sourcing multiple quotes and ensure the cheapest deal is acquired. While banks, finance companies and dealers have access to only one loan source, we are accredited with many lenders. So we have a greater field of options from which to find customers the cheapest loan. We also handle other aspects such as checking [PPSR](https://www.ppsr.gov.au/), seller IDs, verifying goods details and other checks. - Buy Now Pay Later is usually for smaller priced goods but may be offered on some goods which can also be financed by a consumer loan. These loan products can attract high fees and should be looked into closely before signing up for higher priced items. - Pay day lenders appear a quick and convenient way to get a loan. But interest rates are usually much higher than we can achieve and this type of finance may not be best suited to the purchase of goods such as cars and boats. ## **Effect of Getting Loads of Quotes** The first thing many individuals will do when embarking on getting a loan is to phone around or check online and get a whole load of quotes. Sounds smart enough as then you could have multiples to compare to get the cheapest. But there are a few issues to be aware of:- - In order to get an exact loan quote, completing a full loan application may be required. Any basic over the phone quote may just be an estimate. Lenders should be doing a full credit check and risk assessment. - All loan applications are reported to credit agencies by lenders. When lenders see multiple requests for the same loan on a credit profile, it can give a negative image and reflect poorly on the credit profile. Requesting a broker-style lender such as Jade to source the best from the rest does not result in the same outcome. - Do you have the financial acumen to compare the detail in multiple loan quotes? Lenders have varying conditions, fees and charges associated with their loan products and buyers should be in a position to make a well-informed decision. Your Jade consultant assists with these aspects by explaining all the details so you can understand fully what your loan contract entails. ## **Consumer Loan Interest Rates** Interest rates will vary across lenders and may vary across loan categories – cars, boats, caravans and motorbikes. Consumer lenders must display a Comparison Rate which is a specific rate which is calculated on a specific purchase/loan after fees and charges have been included. This is in addition to their advertised interest rate. Interest rates advertised are for good credit profile applicants and typically for the purchase of new goods. Used goods can attract a different interest rate unless it is a say a used car dealer advertising finance. The applicant’s credit rating and credit profile is assessed by the lender. Checking your credit profile for any errors prior to applying for a new loan is advisable. ## **Utilising Resources and Services** [Loan calculators](https://jade.finance/personal-loans/personal-loan-calculator) are a great free resource that prospective borrowers can use when planning their purchases and their loans. Jade Finance offers complete loan sourcing, negotiating and handling services for consumer loans. Utilising the services available can result in a lower interest rate loan which can play out to lower repayments and making those new goods more affordable. So before rushing in to sign up for the first available loan, take a few minutes to speak with one of our consultants about how we can assist you to achieve a better loan. **Contact Jade Finance 1300 000 008 to discuss consumer loans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [The Ins and Outs of Debt Consolidation in Australia](https://jade.finance/blog/the-ins-and-outs-of-debt-consolidation-in-australia) **Published:** June 17, 2024 **Author:** Publisher **Content:** There aren’t too many things that feel better than being in control of your life. And financial control is a serious power move that just isn’t talked about enough. But if you’re swamped by ongoing debt payments that come at irregular times, or catch you off guard, it can be difficult to find control. If you’ve missed multiple monthly payments or been stretched thin by unexpected bills, debt consolidation is a beacon of hope that could work for you. ## What is debt consolidation? Put simply, [debt consolidation](https://jade.finance/personal-loans/personal-debt-consolidation) is the wrapping up of a long list of bills into one monthly payment. Through debt consolidation, several of your debts can be combined into one personal loan, resulting in your monthly repayments being much easier to keep track of. ## How does debt consolidation work? Consider the debts you currently have. Say one of these is the remainder of a car loan for $7000, another is a credit card loan of $2000, and another is a personal loan of $4000. Each of these loans are likely to have different interest rates, repayment amounts, and due dates. These variations between your debts can make it hard to stay on top of them. What debt consolidation aims to do is combine these debts. So, the [personal car loan](https://jade.finance/car-loans/personal-secured-car-loans), credit card, and [personal loan](https://jade.finance/personal-loan-broker) will become one personal loan, providing you with the opportunity to set one recurring payment over a set term and interest rate. In short, debt consolidation can give you four main benefits: - **A single set of recurring payments.** - **A clear timeline of when you can be debt-free.** - **Greater control of your budget and cash flow.** - **Could improve your credit score over time.** However, it is important to note that debt consolidation is not one size fits all and there can be a number of downfalls. ## The pitfalls of debt consolidation Debt consolidation sounds too good to be true. And I bet you’re wondering if this is actually a good financial decision? One of the main pitfalls to consider when exploring debt consolidation is that you will likely need to extend the length of your loan to reduce your monthly payments. This means that you will inevitably end up paying more interest over the lifespan of the loan. Other fees that can emerge are balance transfer fees, closing costs, and new loan fees. Some more cons to consider include: - One creditor is given all of your debt. This is concerning because if you fall behind in payments it can give them all the power when discussing a catch-up plan. - There could be fees and/or penalties for paying out your current debt. This can include origination fees, balance transfer fees, or closing costs depending on the type of consolidation you opt for. These fees are often rolled into the new loan amount. ## Before you agree to debt consolidation It’s important to know that debt consolidation does not suit all circumstances. To determine if you will be better off streamlining your debts, or if you should keep juggling, consider the below three questions: - **Is it going to cost you more?** Your first step is to add up what you pay to maintain your current debts and compare them with the costs of the loan you are intending to consolidate with. You should also calculate the amount of interest you will likely pay for your existing loans vs a consolidated loan. If the cost of your existing debt is higher than it would be with a new loan, debt consolidation could be a good option for you. - **Have you read the small print?** Before consolidating your debts with an unsecured personal loan, or considering any loan, you must read the terms and conditions. A new loan could involve features such as an early repayment fee. However, it could also include positive terms like no added charges for extra repayments, or payment schedule customisation. - **Are you going to be able to repay on time, every time?** If you decide to apply for a debt consolidation loan, it is important not to miss payments. A way to ensure you stay on top of your monthly repayment schedule is to set up autopay so that the payment automatically comes out of your account. Typically if you miss a payment you can receive late fees, and you also risk your credit score being lowered. ## Bottom line Multiple loans can be a headache to manage. Trying to remember what you owe, how much you owe, and when you owe it is a time consuming task that can apply a lot of pressure. Debt consolidation acts to roll all your debts into one personal loan so you only have to worry about one set of information. Although there are numerous benefits to debt consolidation, there are also cons you need to be aware of, as listed above. Your first step when looking into debt consolidation is to determine if you are going to be able to repay the new loan monthly payments or if you would be better off continuing to juggle multiple loans. ## **If you want to find out if debt consolidation is the right path for you** [JADE Finance](https://jade.finance/) consultants are highly trained, fully licensed financial professionals who can accurately assist you with personal debt consolidation. We ensure the debt consolidation process is as streamlined and stress-free for you as possible, providing you with workable financial solutions to help you move to achieve your financial goals. By providing our brokers with a few details, your circumstances will be thoroughly considered to determine the best way forward for you. Call us on 1300 000 008 or [**Request a Quote**](https://jade.finance/free-finance-quote). **Categories:** Finance --- ### [The Difference Between Secured and Unsecured Loans](https://jade.finance/blog/the-difference-between-secured-and-unsecured-loans) **Published:** June 17, 2024 **Author:** Publisher **Content:** ## Loan-troduction When your business is based on giving money to those who don’t have it, there is always a degree of risk. Therefore, lenders need to ensure they are going to be paid back in one form or another. Some types of loans present more risk than others and this is where secured and unsecured loans come into play. ## What is a secured loan? A secured loan is where you use your assets, such as property, equipment, or vehicles, as collateral for the loan. With this type of loan, if you aren’t able to repay the loan, your lender can claim the assets that you secured the loan with. If you want a secured loan you need to be willing and able to put up some form of collateral. An example of a secured loan is a [personal secured car loan](https://jade.finance/car-loans/personal-secured-car-loans). ## What is an unsecured loan? If you aren’t willing or able to secure a loan with your assets, you have the option of an unsecured loan which is a calculated risky move for the lender. With this loan type, rather than the borrower using their assets as security for the loan, their financial history and current situation is used as security. With an unsecured loan, the lender will analyse the strength of a borrower’s financial history to determine if lending to them is a good idea. An example of an unsecured loan is an [unsecured car loan](https://jade.finance/car-loans/unsecured-car-loan). How do secured and unsecured loans compare? Broadly speaking, the difference between a secured and unsecured loan is straightforward with the key distinction being their need for security. Here are the differences between the two loan types: ## Eligibility - **Secured Loans** To apply for a secured loan you need to be at least 18 years of age and an Australian citizen, permanent resident, or eligible visa holder. There are also minimum income requirements you must meet, as well as an acceptable credit score and history. Finally, you need an asset to use as collateral which can include property, equipment, or a savings account. - **Unsecured Loans** The eligibility requirements are similar to secured loans with the exception of a collateral requirement. The lender may also require a higher credit score or minimum income to qualify for an unsecured loan. ## Interest Rates - **Secured Loans** Secured loans typically have a lower interest rate as well as longer loan terms. This type of loan can be easier to obtain, even if your credit history isn’t great. However, the lender will need to determine whether the asset you’re putting up is acceptable. - **Unsecured Loans** Unsecured loans will typically attract a higher interest rate to secured loans because of the heightened risk to the lender. These rates will vary depending on your borrowing history and current circumstances. ## Loan Amounts - **Secured Loans** Borrowers will usually be able to achieve a higher maximum loan amount with a secured loan. The maximum amounts available to borrowers vary between lenders. - **Unsecured Loans** An unsecured loan will have a lower maximum loan amount which will vary between lenders. The amount a borrower will be able to achieve will depend on their credit, employment history, and other factors. ## Fees and Charges There are fees and charges involved throughout the process of obtaining a loan. These fees and charges can include the application fees, monthly account fees, charges for early repayment, and more. These fees differ between secured and unsecured loans, so it’s important to shop around for the best deal available. ## Flexibility - **Secured Loans** Unlike unsecured loans, secured loans are not very flexible. For example, a car loan can only be used to purchase the specific car agreed on with the lender. However, the flexibility will often be determinant on the lender’s policies, the borrower’s financial situation, and the collateral used to secure the loan. - **Unsecured Loans** With a secured loan, you are free to spend the money on whatever you like. However, similarly to secured loans, the lender’s policies and your creditworthiness play a large part in determining how flexible your secured loan will be. ## Advantages and disadvantages of a secured loan A secured loan has some great advantages including the opportunity to secure lower interest rates and access to higher borrowing amounts. However, with a secured loan, it can often take a lot longer to be approved due to the collateral needing to be assessed, and the documents of the assets needing to be obtained. Another disadvantage is that if you are unable to repay the loan, the lender can claim whatever collateral you have offered up which could be your house, car, or more. Furthermore, if you do not have the necessary assets to offer up, or if your business is a start-up or new, there is also a high rate of rejection when applying for a secured loan. ## Advantages and disadvantages of an unsecured loan Compared to secured loans, applications for unsecured loans can be approved quite quickly due to less information and documentation being required. Another positive is that borrowers do not need to put up collateral which increases accessibility and reduces risk for them. Unsecured loans also tend to have smaller borrowing amounts which can be useful for start-ups or new businesses trying to establish themselves. However, unsecured loans do represent a bigger risk for lenders. Due to this, they will usually involve higher interest rates. Another downside to unsecured loans is that they will typically have small borrowing amounts. ## Should you get a secured or unsecured loan? In short, both loan types have their own risks. For secured loans, you risk losing the asset you’ve put up as collateral. And for unsecured loans, if you are unable to repay, the lender could launch court action to retrieve what you owe. In determining whether you should apply for a secured or unsecured loan, you first ensure that you meet the eligibility requirements, then, shop around for the best terms and conditions like repayment terms, flexibility, and less fees and charges to find the best loan for your circumstances. ## Need a secured or unsecured loan? Or just some advice? JADE Finance has you covered. Expert consultants, easy applications, competitive rates, and fast turnarounds. These are just some of the integral pillars we offer at JADE Finance to each and every one of our valued customers. If you’re looking to achieve a secured or unsecured loan, receive comprehensive information, specific to your circumstances, to help you make a fully informed decision on the type of loan you want. At Jade, we offer [personal secured car loans](https://jade.finance/car-loans/personal-secured-car-loans), [unsecured car loans](https://jade.finance/car-loans/unsecured-car-loan), [unsecured personal loans](https://jade.finance/personal-loans/unsecured-personal-loans), [secured motorcycle loans](https://jade.finance/bike-loans/secured-motorcycle-loans), and more. We also offer loans that enable you to use your vehicle as a guarantee for low rate [secured car finance](https://jade.finance/car-loans/secured-car-finance). With more than 25 years of experience in finance, JADE Finance has a stellar reputation in the Australian finance market for negotiating great deals and generally achieving same-day approvals. Be matched with one of our expert brokers and explore your options by contacting us on 1300 000 008 or [Request a Quote](https://jade.finance/). **Categories:** Finance --- ### [The Budget, Personal Loans and Business Finance](https://jade.finance/blog/the-budget-personal-loans-and-business-finance) **Published:** April 5, 2022 **Author:** Publisher **Content:** After struggling with rising prices at the supermarket, the fuel bowser and in general costs of living for some time, millions of Australians will sighing with relief with news of some of the measures coming their way in the Federal Budget. Dubbed a cost of living budget, the [2022-23 Budget](https://budget.gov.au/) includes tax breaks for some taxpayers and some businesses, opportunities for business as well as immediate relief with petrol prices. From a lending perspective we take a look at the Federal Budget announcement in regard to personal loans and business finance and interest rates. The Federal Budget has come early this year and for some it could be seen as Christmas has come early. The timing of the Federal Election in May meant the Budget announcement needed to be moved from May to March. The Treasurer brought down the annual Budget on 29 March 2022. While many of the initiatives, policies and measures which are announced at this stage of the budget process have to go through the sometimes drawn-out parliamentary process, one key announcement comes into immediate and welcome effect. The reduction in the fuel excise which will reduce the cost of petrol. Mr Frydenberg announced that the 44c fuel excise on each litre of fuel would be dropped to 22c for a 6 month period, effective from the announcement, 29 March. This will take some time to flow through to individual bowsers as suppliers need to first use all the fuel they purchased at the previous pricing. But many are already seeing a drop in prices. A drop which should see relief for household budgets and for businesses that rely heavily on transport. ## **Personal Budget Benefits** Individual taxpayers in what is described as the low and middle income bracket stand to receive another significant tax refund this year. The budget includes an increase in the LMITO – the Low and Middle Income Tax Offset. The increase is $420 which takes the maximum offset to $1500. The offset is scaled across the low and middle income range which tops out at incomes of $126,000. For those expecting a cash deposit straight away, sorry, you’ll have to wait. A tax offset is not a hand out such as some of the other supports offered through the COVID emergency. And unlike the $250 cash hand out announced for pensioners and welfare recipients. A tax offset is an amount which is deducted from the annual taxable income when assessing the annual personal income tax return. It effectively reduces the taxable income and as such the tax payable. If the right amount of tax has been deducted from wages by the employer throughout the year and no additional taxable income is relevant, many taxpayers will receive a tax refund. This refund would be received after 1 July and after the income tax return is submitted. For those with personal loans for say [cars](https://jade.finance/car-loans/personal-secured-car-loans), boats, caravans or motorbikes, the money could be used to make an extra payment on the loan balance. Secured Personal Loans allow for these types of payments. They will mean the loan is paid out earlier so minimal break fees would apply. Opportunities also exist for individuals to upskill and train for new jobs through the Budget incentive for small businesses to invest in training and through the apprenticeships initiative. ## **Business Budget Benefits** A number of key measures are included in the budget for business owners:- - Extension of IAWO through to 30 June 2023. Instant Asset Write-Off has been extremely popular since being introduced in 2020 as an economic stimulus measure. It allows eligible business to write-off the full cost of new (eligible) plant, machinery and equipment ‘instantly’ meaning in the same year. Normally this would take a number of years. For those interested, speak with us regarding a quote for [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator) finance for cars, trucks or equipment which is seen as best suited to IAWO. - Small business to receive a tax cut on the 30% corporate rate to 25% - Small business to receive $120 tax break on every $100 spent on digital tech. Speak to us about a range of finance options depending on type of purchase. Such purchases may come under Asset Acquisition Finance or Secured or Unsecured Business Loans. - Small business receive additional tax benefit on training: $120 for every $100. This comes into effect from Budget night, 29 March. To assist with the cost, speak with us about Business Loans or Overdrafts. - Additional investment in infrastructure and manufacturing sector. These are just the key points in the Federal Budget and full details can be reviewed at the [Federal Budget](https://budget.gov.au/) site. ## **Interest Rate Outcomes** For those with personal loans or business finance, the Budget does not directly address interest rates. That is the [RBA’s](https://www.rba.gov.au/) role. But one of the key objectives of the budget is create jobs and drive unemployment even lower than the current 4%. Inflation and unemployment figures are keys to the RBA’s decisions on the official cash rate. As inflation continues to rise and unemployment falls, the probability of the RBA lifting rates this year is extremely high. The message for anyone considering purchase vehicles, boats, caravans, motorbikes, trucks or business equipment with finance is to act now before rates increase. **Contact Jade Finance 1300 000 008 for personal loans and business finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [TFE before EOFY: Motor Vehicle Finance, Truck Loans, Equipment Finance](https://jade.finance/blog/tfe-before-eofy-motor-vehicle-finance-truck-loans-equipment-finance) **Published:** May 30, 2022 **Author:** Publisher **Content:** The countdown to 30 June, EOFY – end of financial year, often means a frantic time for business owners. The final chance to maximise tax deductions and benefits prior to the close of the business accounts and preparation of the tax return. The greater the amount of allowable tax deductions, the lower the business taxable income and yes, less tax payable for that year. This financial year offers the additional benefit of TFE – temporary full expensing where the appropriate loan type for motor vehicle finance, truck loans or equipment finance is selected. The investment in these assets can be facilitate a boost to the business in many aspects – increased efficiency, the opportunity to expand, realise productivity gains, the opportunity to implement the latest technology into the operation and of course, to post increased profits. When assets are financed with cheap interest rate finance, those benefits can be further boosted. When the finance also facilitates the utilisation of the temporary full expensing tax measure, the benefits can be super-charged. For the 2021/22 financial year, businesses that acquire assets that are eligible under the criteria, may opt-in for temporary full expensing. An accelerated asset acquisition measure which allows for the full purchase price of the cars, trucks or equipment to be deducted as an expense in the single year, the year of purchase. This compares extremely favourably to the standard depreciation schedule where assets are written-off to tax over multiple years in smaller portions. Opting-in to temporary full expensing requires selecting the appropriate Motor Vehicle Finance, Truck Loans or Equipment Finance which allows for depreciation. ## **Temporary Full Expensing Criteria** [Temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) has been implemented at this time, since 2020, as a measure to stimulate the economy through the expected economic downturn due to the impacts on business from the pandemic. The concept being to motivate businesses to purchase new motor vehicles, equipment, trucks and other machinery and in doing so attract a significant end-of-year tax benefit. The economy benefits by the activity of such purchases and can boost employment. The business can realise productivity and profitability benefits at the time of purchase and at the end of the financial year face a lower tax bill – thus easing cash flow. TFE, aka Instant Asset Write-off, has been in place for over two years and has been extremely popular with a wide take-up. The option made even more attractive with the low interest rate climate over this same timeframe. While temporary full expensing is available through this and the coming 22/23 financial year, the benefit is realised in the year the assets were acquired. For businesses seeking to realise that benefit in 21/22, it’s time to get moving. The clock is ticking towards 30 June 2022. Business operators can refer to the ATO website for eligibility criteria for businesses and for assets. It is also advisable for business owners to discuss with their accountant whether or not temporary full expensing will suit their accounting method and other aspects. ## **Finance Selection** Under the criteria for eligible assets, business vehicles, plant, machinery and equipment and truck purchases may all be subject to temporary full expensing. In order for the goods to be considered a ‘depreciable asset’ the finance product must allow the goods to be depreciated. [Chattel Mortgage](https://jade.finance/truck-loans) is considered well-suited to many businesses that wish to opt for temporary full expensing. It suits the cash accounting method which is widely-used by many Australian businesses and has a secured finance format. This form of finance is available for the purchase of [cars](https://jade.finance/business-loans/business-car-finance), other business vehicles, trucks and for many types of new business equipment. The lender essentially accepts the goods as the security against the loan and the ownership of the goods transfers to the business buyer/borrower. The format allows for a balloon which can be used effectively to achieve a preferred repayment amount. A larger balloon results in smaller monthly repayments and smaller balloon a higher monthly repayment. Use our loan calculators to see how this works. Lenders will have requirements around the balloon amounts approved based on their guidelines and the loan application. Your Jade Finance consultant will handle those negotiations on your behalf. Another major attraction of businesses to Chattel Mortgage is the interest rate. While Chattel Mortgage attracts the lowest rate of the different types of business finance. The interest rate can vary across motor vehicles, trucks and for different industries and types of plant, machinery and equipment. Interest rates also vary according to the lender’s risk assessment of individual business loan applicants. Taking all that into account, those considering a purchase with Chattel Mortgage finance can acquire repayment estimates using the interest rate comparison table or our loan calculators. ## **Secure Pre-EOFY and Rate-rise Finance** The [RBA](https://www.rba.gov.au/) raised the cash rate in May and may well do so again at its 7 June meeting. If not in June, then possibly shortly thereafter. The RBA Board has indicated that additional rises will be required in order for inflation to be returned to its target levels. Indications which place urgency on businesses to lock-in their finance as soon as possible to avoid paying more as a result of a rate rise. With our accreditations with 40+ lenders, Jade Finance is well-placed and has a track record for achieving better interest rates for business finance. No hassles, no time-wasting and no delays on our part. Quick quotes, fast approvals and prompt settlement are integral to our service offering to ensure our customers meet their timeframe for asset acquisitions. To make the most of the tax benefits of temporary full expensing and the current interest rates, speak with one of our consultants regarding your finance requirements. **Contact Jade Finance 1300 000 008 to source business finance prior to the end of the financial year** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Tax Time Tips: Tax Deductible Business Finance](https://jade.finance/blog/tax-time-tips-tax-deductible-business-finance) **Published:** May 20, 2021 **Author:** Publisher **Content:** The end of the financial year can be a significant time for reflection, review and occasionally regret business owners. By 30 June, it’s usually too late to affect any measures to reduce the tax obligation for the current financial year. But it is time to put into effect measures and strategies to optimise the outcomes for the new financial year. The usual business costs and operating expenses are generally considered as tax deductions, subject to ATO rulings of course. But business owners can also derive significant tax benefits through specific acquisitions and specifically how those acquisitions are financed. [Over the past 18 months, the big talk around business tax benefits has been focussed on the accelerated asset depreciation measures of Instant Asset Write-Off and temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/backing-business-investment-accelerated-depreciation). IAWO was introduced as an initial stimulus measure re the coronavirus and then expanded, extended and morphed into temporary full expensing. TFE was announced in the October 2020 budget and further extended in the May 2021 announcement of the 2021/22 Federal Budget. These measures have been promoted heavily by Treasurer Josh Frydenberg as major benefits for business and also by lenders such as Jade Finance as well as manufacturers and dealers of cars, vehicles, trucks, business equipment, plant and machinery. The tax benefits to be realised through temporary full expensing can be significant as the full purchase price of the asset can be deducted as a business cost in the year of purchase. This compares very favourably to the usual tax ruling which only allows for a small percentage of the value to be deducted each year over many years. The exact scheduling dependent on what is being purchased. But these measures only realise a tax deduction on depreciable assets. That means the asset – vehicle, truck or equipment, must be subject to depreciation. Not all finance facilities actually allow for the asset to be depreciated. In fact, [Car Chattel Mortgage ](https://jade.finance/business-loans/chattel-car-mortgage)is considered the choice of finance for businesses looking to take advantage of temporary full expensing. So what is there on offer for businesses that do not consider Chattel Mortgage as the appropriate choice of loan for their operation? ## **Tax Effective Finance** If Chattel Mortgage is not for you, there are other tax-effective finance products available. In fact, all business finance products include a tax-deductible element. For a start, the interest charged on asset acquisition loans is tax-deductible. Differences exist across the loan selection in regard to the deductibility of loan repayments. With Chattel Mortgage the full repayment is not tax-deductible, only the interest portion is. The main tax deduction comes from depreciation, as explained above. With this form of finance, the borrower takes ownership of the asset so it is listed in the balance sheet as an asset or liability and therefore can be depreciated. But for businesses that do not want the significant cost of equipment or vehicle purchases appearing on their balance sheet, there are alternatives such as Car Leasing and Rent to Own. Having a significant asset/liability on the balance sheet can be seen as a downside in some circumstances. As an alternative, Leasing and Rent to Own are known as off-balance sheet finance as the borrower does not take ownership at the time of purchase. The ownership is retained by the lender. No ownership means no need to list it in your business accounts. This is seen by some as improving the appearance of the balance sheet, which can be advantageous for some businesses. But no balance sheet entry means no depreciation. No worries. The tax-deductible element of off-balance sheet finance comes by way of the tax-deductible repayments. The entire amount of the monthly finance payments is treated as an operating expenditure and as such a tax deduction. A business using this type of finance realise a tax deduction of 12 x monthly payments each year. Under normal ATO rulings (outside of accelerated asset depreciation measure timeframes) this may be comparable to depreciation realised through Chattel Mortgage. GST is also treated differently but is never charged on interest. With Leasing and Rent to Own, GST is applied and claimed on the monthly payment (ex interest). With Chattel Mortgage the entire GST is claimed straight after purchase, on the next BAS. So no GST is applied to repayments. All these finance products have GST applicable and claimable by businesses registered for GST, but with differing treatments. ## **Resetting for the Future** ### If you’re going through more regret than reflection at EOFY, then refinancing could be an effective strategy to reset your business for the new financial year. Refinancing with a more effective finance solution to your current loans could be considered to achieve: - Lower interest rate and as such lower interest paid over the term of the loan. - Lower monthly repayments to work with changed business circumstances. - Better loan conditions than a current [no doc car loans](https://jade.finance/car-loans/no-doc-car-loans), low doc or bad credit finance deal. - A more tax-effective finance outcome. Involving your accountant or tax agent is highly recommended in all financial decisions. Your Jade Finance consultant can then pursue finance solutions structured and negotiated to specifically meet your objectives. Solutions that will realise the tax outcomes and growth prospects anticipated for your business. Alternatively, you may like to [utilise our car finance repayment calculator to receive the best lending options currently available Australia wide](https://jade.finance/car-loans/car-finance-calculator). **To discuss tax-effective lending solutions for your business, contact 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Tax Time Tips, Hints and Support For Your Business Finance](https://jade.finance/blog/tax-time-tips-hints-and-support-for-your-business-finance) **Published:** June 23, 2021 **Author:** Publisher **Content:** The end of the financial year is a busy time for both businesses and individuals. Not only are many hoping to score an EOFY bargain on a major purchase, everyone needs to get their paperwork in order for the taxman. All this as COVID outbreaks impact several states just to complicate activities. But there are other aspects at this time of year in regard to financial objectives which are worth consideration. We’re sharing our tips on what to keep an eye on over late June and into July that present opportunities for you and how we may be able to assist you to achieve your financial objectives over the coming year. ## **Tax Time, Looking Ahead** Yes, the priority is to get everything in order by 30 June but it’s also time to look ahead to the new financial year. What do you hope to achieve in regard to your financial situation and what actions should you be taking now to achieve those goals. Many individuals are in line to receive a tax return courtesy of the Low and Middle Income Tax Offset. Others may receive a return due to claiming eligible work from home expenses incurred due to COVID-19 restrictions. What will you do with your refund? If you have an existing personal loan on a car, boat, motorbike or caravan you may think about making additional payments on your loan. Secured Personal Loans allow for extra payments to be made. These can be in addition to the scheduled payments or can be used against future repayments but cannot be withdrawn. By making extra payments while adhering to the existing payment schedule, the loan would be finalised prior to the fixed loan term. This would incur break fees. For details on break fees, refer to our articles. Your refund may present a handy deposit or down payment on that boat, car, caravan or motorbike you want. While Jade Finance can source [no deposit car loans](https://jade.finance/car-loans/no-deposit-car-finance), by making a deposit and reducing the overall loan amount, you pay less interest than borrowing the entire amount. For businesses, the new financial year is key to getting well-set up to take on the year ahead. While the past has been uncertain, businesses have a raft of measures available to realise tax benefits through equipment and motor vehicle acquisitions. Temporary full expensing is available to eligible businesses for eligible purchases. To take advantage of this measure a Chattel Mortgage finance contract is required. This is suited to businesses that utilise the cash accounting method. The method of accounting used by a business must be maintained through an entire financial year under ATO rulings. So if a business uses the accruals method of accounting and would like to change to the cash method to be more suitable for Chattel Mortgage and temporary full expensing, now is the time to have that conversation – first with your accountant to make the change and then with Jade to source a cheap finance deal for your acquisition. ## **State Budget Opportunities** June-July is also State Budget time and for businesses, this can mean major announcements which may impact your business. Primarily impact positively with opportunities for new work through state infrastructure and capital works projects. Refer to our area’s budget papers with news of what could be ahead for you and speak with us to source cost-effective finance to enable you to gear up to take on the work. [https://www.statebudget.sa.gov.au/](https://www.statebudget.sa.gov.au/ "https://www.statebudget.sa.gov.au/") [https://www.ourstatebudget.wa.gov.au/budget-papers.html](https://www.ourstatebudget.wa.gov.au/budget-papers.html "https://www.ourstatebudget.wa.gov.au/budget-papers.html") [https://www.parliament.nsw.gov.au/researchpapers/Pages/australian-federal-and-state-budgets-an-overview.aspx](https://www.parliament.nsw.gov.au/researchpapers/Pages/australian-federal-and-state-budgets-an-overview.aspx "https://www.parliament.nsw.gov.au/researchpapers/Pages/australian-federal-and-state-budgets-an-overview.aspx") https://www.treasury.tas.gov.au/budget-and-financial-management/2020-21-tasmanian-budget https://apps.treasury.act.gov.au/budget [https://budget.nt.gov.au/budget-papers](https://budget.nt.gov.au/papers) Being granted Government contracts can involve the preparation of extensive tender and contractual proposals and documentation. The process can require engaging specialist consultants to prepare the required reports and documents. A process that can involve a significant cost to the business. We provide support for a range of business expenses through Secured and Unsecured Business Loans and Business Overdrafts. Speak with one of our consultants about our support for businesses submitting tenders. ## **Starting a New Business, Running an Existing Operation** If you’re looking at the new financial year as a time to change how you’re doing things, how you’re currently working, then we may be able to assist with finance to facilitate the big change. For those looking to branch out into their own business, we provide a range of loans for self-employed, sole traders and SMEs. When applying for a business loan from a bank, you will be required to submit financial documentation around your business. If you’re just starting out – no docs! [We can assist with our range of Low Doc Car Loans](https://jade.finance/car-loans/low-doc-car-loan) and No Docs business loan portfolio. Through our specialist non-bank lenders, we can source loans for operators that do not have all the financial records requested by the bank. These loans are available for purchasing equipment, vehicles and trucks as well as for general business purposes. If you’ve found running your business over the past year somewhat challenging, you are definitely not alone. Many businesses have found the current economic conditions due to the impacts of the coronavirus to be a major impost on their operations. The new financial year is a great time to take stock, assess what you need in regard to finance to move forward confidently and speak with us for quotes and ideas. Our cheap interest rate Business Overdrafts can assist with cash flow shortages while Secured and [Unsecured Business Loans are suitable for a range of business purposes](https://jade.finance/business-loans/unsecured-business-loans). ## **Sourcing Support For Your Business Loan Opportunities** Whatever you hope to achieve in 2021/22, if it involves major purchases or business purposes, speak with one of our consultants to see how we can assist you. When using Jade as your lender you are assigned a consultant who sources quotes, negotiates loan terms and conditions and assists with much of the paperwork while delivering a cheap interest rate loan option. [To get a better idea of what you may be after, feel free to use our business loan interest rate table](https://jade.finance/business-loans/best-business-loan-interest-rates). **To assist with achieving your financial objectives, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Tax Measures and Truck Loan Rates could be pushing strong sales](https://jade.finance/blog/tax-measures-and-truck-loan-rates-could-be-pushing-strong-sales) **Published:** June 6, 2022 **Author:** Publisher **Content:** The truck sector sales figures for the month of May were recently released and reveal good momentum in the sector. While judging monthly figures in isolation in any sector at the moment is contentious due to global supply chains, semi-conductors and other supply issues, it is not surprising to see a May surge. EOFY, attractive tax measures and securing cheap truck loan interest rates prior to more rate rises are solid reasons to purchase new trucks at this time. It was no real surprise to see the [RBA](https://www.rba.gov.au/) acting on the first Tuesday in May by raising the cash rate and the same is likely to occur in June and on several other ‘first Tuesdays’ this year. Truck finance lenders will follow the RBA by increasing lending rates. A scenario which we have been reminding customers about for some months. So the reality may be setting in and it’s time to move. Time to purchase those new vehicle before further rate rises. We secure our full range of truck finance at a fixed interest rate. That means that the rate is locked in for the entire loan term and is not affected by any future rate rises. By referring to our [Truck Loan Calculator](https://jade.finance/truck-loans/truck-finance-calculator) and inputting varying rates, the difference in loan repayments from even a small rate rise can be significant. In addition to the urgency around interest rates, there are also the current tax measures available for the acquisition of assets such as trucks and heavy vehicles. Temporary full expensing and IAWO present businesses with very attractive tax deductions on eligible acquisitions. The benefit is realised in the year of purchase, so it’s not surprising to see good truck sale figures in May as operators finalise purchases pre-EOFY. ## **May 2022 New Sales – Truck** The May sales figures for the truck sector are reported for heavy, medium and light duty with the stats compared with the same period in the year before and the month prior. The top selling brands are also revealed. Stats that may give buyers ideas for what makes and models to consider for their own purchases. But both 2022 and 2021 are periods impacted heavily by pandemic and supply issues. So drawing definitive conclusions from sales stats on a monthly basis should be done with caution. Also note that the figures relate to new regos and don’t include sales of used trucks. With all that noted, it was the heavy-duty segment which posted the most impressive gains last month. Overall, comparing May 2022 with May 2021, total truck sales across all categories reveals an increase of nearly 4%. For YTD sales, that 4.7% up compared with 2021. Great news for the manufacturers and encouraging indications that operators are optimistic about work opportunities moving forward. In the heavy-duty category, the May 2021:May 2022 comparison shows an increase this year of just above 21%. For YTD it’s a 20% increase. The top-selling maker was Kenworth which posted an uptick of close to 28% over sales in the corresponding 2021 timeframe. Second spot went to Isuzu which increased sales by 58% followed by Volvo. Scania and UD round out the top five. In the versatile and highly competitive medium-duty category sales were up slightly compared with May 2021 and up 9.7% YTD. Isuzu was the biggest selling brand with a 28% increase followed by Hino which actually recorded a drop of 3.4%. Fuso, also slightly reduced in sales came third. UD and IVECO complete the top five. The light-duty market has been in high demand with the surge in demand for delivery services due to the pandemic. While many operators would have upgraded in 2020 and 2021, it is great to see sales are still strong with 14% up on the same month last year and YTD up 9.8%. Isuzu again came out on top in this hotly contested category, then came Hino, Fuso, IVECO and Mercedes-Benz. Which will be your next vehicle? To be ready to order on your first visit to the dealership, contact is prior for pre-approved truck finance. ## **New Kenworth Model** In addition to holding top spot in sales, [Kenworth](https://www.kenworth.com.au/) also celebrated a new model release in May – the K220. This is described as new generation but while retaining the brand and range heritage. This is a cab-over model with many upgrades especially in safety, comfort and of course tech. Several configurations will be available in the K220 – 6×4, 8×4 with variations, 10×4 tandem, 10×6 formats and 8×6. To discuss finance on a new Kenworth, contact us at Jade Finance. We offer the full range of loan products including Low Docs and No Docs for the purchase of new heavy vehicles. ## **Truck Loan Options** Our range of [finance products](https://jade.finance/truck-loans) to purchase new trucks includes the full complement of options:- - Chattel Mortgage aka Heavy Vehicle Loan - Truck Lease - Truck Rent to Buyer - Commercial Hire Purchase The interest rates vary with these loan products as does the way tax deductions are realised. For those seeking to use temporary full expensing, Chattel Mortgage is seen as the most suitable truck loan type. Loans are available for all types of businesses including those just starting up through our Low Docs and No Docs options. Loans which are not always available through all lenders. We also work to assist those requiring Bad Credit Truck Loans to source a workable option. If you’re considering new vehicles to keep the upward momentum moving in your business, request a finance quote at better interest rates. **Contact Jade Finance 1300 000 008 for cost-effective truck finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Stuck in iso or lockdown? How we are assisting those seeking to finalise loans and purchase](https://jade.finance/blog/stuck-in-iso-or-lockdown-how-we-are-assisting-those-seeking-to-finalise-loans-and-purchase) **Published:** October 30, 2021 **Author:** Publisher **Content:** Lockdowns are tedious and testing times for both businesses and individuals. But while millions are subject to current lockdown measures, these restrictions are far less strict than for those in isolation. For individuals that are ordered to ‘get tested and isolate’ the ramifications can be significant. Not permitted to leave the house at all, you may be needing to look at alternative ways to finalise matters on your agenda. Plans for purchasing that car, boat, caravan or motorcycle you are in the middle of could be a priority. For business owners, it may be finalising that major and essential equipment acquisition. For businesses forced to close for a deep clean, it could be a need to access stop-gap finance. Jade Finance is assisting both businesses and individuals that are in these situations to access [finance](https://jade.finance/equipment-loans) and [loans](https://jade.finance/boat-loans) to enable progression to finalising those purchases. ## **Remote and Contactless Lending Service Delivery** We were an early adopter of a business model that is currently referred to as ‘fintech’. Our customers have the convenience of being able to access our full range of services, nationwide, via online and phone connections. Enquiries, requests for finance quotes and loan applications can all be carried out without the need to meet in person with a Jade consultant or with our lenders. This ensures both convenience and total accessibility regardless of any restriction to mobility as a result of having to isolate or under lockdown measures. In addition, the process saves you time and a lot of hassle as your [Jade consultant](https://jade.finance/) handles the process of sourcing the cheapest quote, negotiating the interest rate and loan conditions and assisting with settlement. Additional assistance can be provided in regard to insurance, seller and owner ID and verification and other checks associated with major purchases. Accessing finance and loans via online services does not compromise or impact the pricing of the loan or the offer made by a lender. The same cheap interest rates are achievable and the same selection of loan options is readily available and achievable. ## **Online Loan Tools and Resources** To assist our customers plan their purchases and structure their loans, we have provided a range of loan resources which can also be accessed online and for no charge. Our [library of articles](https://jade.finance/blog), which you are accessing now, is constantly being added to with new posts covering topics relating to current economic issues, finance tips and hints, explainers and news of new models of cars, boats and other goods. We have provided a [range of loan calculators](https://jade.finance/personal-loans/interest-rate-calculator) which have been developed for the relevant loan categories. The loan specifics and interest rates vary with different loans. Business rates are different from personal loan rates. Specifics for motor vehicle finance may vary from say boat loans and equipment finance. The finance calculators in each of our categories display the rates for those loans. Users are free to use these tools to calculate repayment estimates for as many goods as they are considering. This is particularly useful when considering say several makes/models of cars or boats in different price ranges. The calculator can instantly show you how the repayment estimates may vary for the higher or lower prices. Loan calculators assist businesses to decide how they would like their finance package structured in regard to a balloon and finance terms, in order to work with their cash flow and achieve their productivity objectives. While in iso, you can browse the market and use our calculators to derive repayment estimates as you check out the latest models. When the model and the repayment estimate hit your target, just give us a call to start the loan process. If you are unable to get out to inspect the goods to make that final decision, you can still proceed with securing pre-approved finance via our online services. Pre-approved loans are available across our entire loan portfolio and are in place for a certain timeframe to give buyers time to make final purchase decisions. ## **Proceeding with Loans** If you are suddenly forced into isolation or a snap lockdown while you have a finance application in process, we can still proceed with the loan process. If you are uncertain of your financial situation as a result of the circumstances and have a loan application in progress, contact your Jade consultant to discuss the options. An application may be paused or you may wish to rework the parameters to better suit any changes to finances. New loan applications are being accepted and loans are being settled in line with the schedule as advised. If you are unable to attend a dealership to finalise say a motor vehicle purchase, your Jade consultant can liaise with the dealer to assist. ## **Get on with Life, Proceed with Plans** Isolation and lockdowns are unfortunately a necessary and unavoidable part of our contemporary life in a COVID-19 affected world. But they don’t have to mean putting all life plans on hold. Jade Finance can assist you in getting on with your plans to buy that new car, boat, caravan or motorbike or initiate business acquisitions for trucks and equipment. **If you’re in iso or lockdown and want to proceed with finance and loan plans, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Strategies to Expedite Debt Reduction](https://jade.finance/blog/strategies-to-expedite-debt-reduction) **Published:** November 5, 2021 **Author:** Publisher **Content:** The coronavirus pandemic has left many lessons learned and many possibly regretting past finance decisions as they have struggled with meeting existing loan and finance repayments during a time of pressure on their income. This scenario has likely been faced by both business owners and individuals and is not necessarily confined to or defined by any particular group, region or category. The pain has been felt across the nation. When the economic crisis phase of the pandemic started to hit back pockets across the nation many were no doubt contemplating how great it would be to not have such financial commitments to meet each month. With the key vaccination target rates approaching and the prospect of some version of another normal emerging, many will now be considering new purchases. Personal purchases such as boats, cars, caravans and motor bikes to get away and enjoy life or business equipment to upgrade the operation for the next phase. When approaching the loan application process for those purchases, the ‘lessons learned’ may be top of mind. Achieving a loan deal that enables the debt to be reduced faster may be a key objective. ## **General Considerations** Whether you’re a business or an individual, there can be very significant reasons for wanting to reduce debt levels by paying off loans faster. Businesses may seek to improve their balance sheet by finalising existing loans prior to taking on new commitments by way of further investment in new plant, machinery and equipment. Another reason may be to reduce pressure on cash flow to allow for recovery or for less stressful trading during seasonal trends. There can be tax advantages and benefits on business finance which can be realised dependent on the type of finance product and how that finance is structured that influence timing decisions. Individuals buying cars, boats, caravans might want to own their goods sooner so they can be relieved of the financial commitment and/or so they can proceed to purchase other goods. When applying for a loan, lenders will take into account existing loan commitments. So how can we assist? [Jade Finance](https://jade.finance/) offers wide-ranging lender services which include refinancing existing loans to achieve a preferred position and sourcing and structuring new finance and loans with [cheaper rates](https://jade.finance/personal-loans/best-personal-loan-interest-rates) and negotiated terms to assist with meeting individual debt reduction objectives. ## **Interest Rates** Yes, we do bang on endlessly about our cheap interest rates. But we do so for a very good reason – we’re saving our customers money! To pay off a loan as fast as possible, a basic requirement is to ensure the total cost of that loan is as low as possible. The major cost component of a loan is the interest charged. So the lower the interest rate, the less money overall is payable. So sourcing the cheapest interest rate loan should be a key driver for those seeking both personal and business finance. To see how our interest rates compare with other lenders refer to our [Rate Comparison Chart](https://jade.finance/) for our different loan sectors. ## **Deposit or No Deposit?** We offer no deposit finance across our loan portfolio. This allows approved borrowers to include the full price of the goods in the loan. This is different from any deposit requested from the seller to hold the goods or confirm the sale. This can be a great advantage to conserve existing finances and for businesses it may present tax advantages depending on the loan product. But in opting for not making a down payment the loan amount is higher which may mean it will take longer to repay the loan. This is a very individual choice as is all decisions around personal finances. However, it is worth considering. If the objective is to own the goods faster, then having a lower loan amount to start may assist. ## **The Highs and Lows of Loan Terms** When seeking a loan, many will simply want the lowest possible repayment. It sounds like a natural reaction. While we can achieve lower repayments through our cheap interest rates, there are other factors to consider. Time to consider the highs and lows and that brings in the topic of the loan term. The longer the term of the loan the lower the monthly repayments will be. Conversely, the shorter the term the higher the monthly commitment. While it is tempting to go for low repayments by requesting the longest loan term possible it can mean you will take longer to repay the loan and own the goods. Lenders will have a say in what loan terms they will approve. If you are seeking a swifter way to reduce debt, then higher repayments over a shorter loan term could be the way to go. Short term pain for long term gain applies aptly to loan structuring. To see how this would work with the loan you are considering, use our [loan calculators](https://jade.finance/personal-loans/personal-loan-calculator). Vary the loan term and see how the repayments change. ## **Refinancing Option** Refinancing is an option for those seeking to change existing loans and finance. Please refer to our information on this works and what implications are involved. Some existing loans will attract break fees and they need to be taken into consideration. Our consultants work with individual customers to source quotes for refinancing existing loans based on our cheaper interest rates. Where a refinanced deal will not benefit a customer we do not recommend the option. There is no obligation attached to requesting a quote and having a discussion with us about refinancing an existing finance contract or your options for a new loan. So if you are interested in adopting a more strategic approach to your next finance deal, start the conversation with one of our consultants. **Contact Jade Finance 1300 000 008 to discuss the finance solutions available to assist in achieving your financial objectives.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Stage 4: What it means for your finance and loans.](https://jade.finance/blog/stage-4-what-it-means-for-your-finance-and-loans) **Published:** August 13, 2020 **Author:** Publisher **Content:** Whether you’re in [lockdown in Victoria under the Stage 3 and 4 COVID-19 restrictions](https://www.health.vic.gov.au/covid-19/pandemic-order-register) or elsewhere in the country, there is a high chance you will be impacted in some way by these restrictions and the unfolding situation. Apart from the serious health outcomes, the coronavirus pandemic has had and continues to impacted the Australian and global economy significantly. As a major finance broker active in many lending sectors, we are staying across developments in all states as best we can. Our goal through the crisis has been to bring our customers the latest information on how measures and restrictions may affect your finance deals and loans and what support mechanisms are available to assist you as required. ## **Latest Scenario** The second wave of COVID-19 has hit Australia and the situation is changing on somewhat of a daily basis and with little warning. The outbreak in Victoria triggered outbreaks in other states and a re-introduction of border restrictions. Events which are having wide-ranging impacts on individuals and businesses. Both Federal and state governments are introducing new support measures to assist businesses and individuals. Of particular note, [the Federal Treasurer Josh Frydenberg](https://www.aph.gov.au/Senators_and_Members/Parliamentarian?MPID=FKL) has announced amendments to the JobKeeper program to enable more businesses to take part in the program. For full details and eligibility criteria, please refer to [www.ato.gov.au](https://www.ato.gov.au/) ## **Jade Finance Service** [Jade Finance](https://jade.finance) remains operational as we have throughout the pandemic. Our services are provided on a contactless basis with our consultants communicating with customers via email and phone. Digital signing of loan contracts is permitted in these circumstance so business finance deals and personal loan contracts can proceed. Individual banks and lenders may amend their guidelines around loans at any time in response to the coronavirus crisis. However, Jade Finance has access to a large number of banks and lenders which provides us with a greater number of options to source you a great finance deal. ## **Information for Individuals** If you are ordered into lockdown or required to self-isolate while awaiting test results or as a result of a positive COVID-19 test, we address some of the concerns you may have in relation to your Jade Finance loans. - If you are currently applying for a Jade Finance loan for the purchase of a car, boat, caravan or motor bike, the process can continue as per our normal operating procedures. - If you already have a car, bike, caravan or [boat loan](https://jadeboatloans.com.au/) and the recent measures have placed you financial difficulties, it is advised that you contact your lender and discuss the options available to you. Individual lenders have differing policies in regard to loan payment deferments. - If your Jade Finance consultant is currently processing your boat, bike, car or [caravan loan](https://www.jadecaravanfinance.com.au) and your seller is suddenly facing delays with delivering your goods due to the lockdown, please contact us to discuss pausing finalisation of the loan until the goods are ready for you to take delivery. - If you would like to commence a new loan application, receive a quick quote or enquire about any aspects of [personal loans for cars](https://jade.finance/car-loans/personal-secured-car-loans), bikes, boats or caravans our consultants are ready to assist you. The Victorian government is providing cash support for individuals impacted by the lockdown and COVID-19 isolation requirements and we recommend you check the government website for details. ## **Information for Businesses** We’re seeing reports that some manufacturers have moved stock from Victoria prior to the tighter restrictions in order to shore-up supply continuity. Supply chains will be a big focus throughout this phase of the crisis with the potential to involve businesses across multiple borders. This may involve you requiring additional facilities including trucks and warehousing equipment. If so, Jade Finance can assist with finance. Jade Finance provides a range of financial solutions which may be effective to assist your business either through this current situation or if you facing other requirements. - Finance for equipment, cars, trucks, heavy vehicles with the full range of commercial finance products. - Debtor Invoicing Funding if your customers are now confronted with paying on time. - Non-Bank Lender Overdraft to cover short-term cash flow shortages. - Secured and unsecured business loans through our vast network of banks and non-bank lenders. For Jade Finance business customers:- - If you are seeking a new finance package for the purchase of equipment, our services continue and if you require fast approvals to facilitate swift purchase of equipment – no problem. While our thoughts are with Victorians especially at this time, new opportunities may arise for other states to fill shortfalls while many businesses are in lockdown. - If you currently have a finance application in process with us, it will proceed with no delays as we can foresee at present. - If you need to pause your loan application due to your seller not being in a position to deliver your goods at the designated time, contact us to discuss amending your finance contract. ## **Business Support** Support for businesses is being provided through amendments to JobKeeper and other measures. We will provide further information as appropriate in our articles and we e **To discuss business finance and personal loans contact Jade Finance on 1300 000 008** *DISCLAIMER: ALL INFORMATION PRESENTED IN THESE ARTICLES IS FOR GENERAL INFORMATIONAL PURPOSES AND BUSINESSES AND INDIVIDUALS SHOULD SEEK INDEPENDENT FINANCIAL ADVICE IN REGARD TO THEIR OWN FINANCIAL DECISIONS AND CIRCUMSTANCES. DETAILS ON GOVERNMENT MEASURES, POLICIES AND GUIDELINES AND VEHICLE DETAILS AND SPECS HAVE BEEN SOURCED FROM PUBLICLY AVAILABLE WEBSITES AND SOURCES. LIABILITY IS NOT ACCEPTED FOR ERRORS IN INTERPRETATION OR PRESENTATION OF ANY FACTS AND DETAILS FROM THIRD PARTIES. WE ADVISE INDIVIDUALS TO CHECK DETAILS DIRECTLY AT THE THIRD PARTY SOURCE IF REQUIRED.* **Categories:** Information --- ### [Staffing Issues easing? Cheaper Hospitality Equipment Finance to expand](https://jade.finance/blog/staffing-issues-easing-cheaper-hospitality-equipment-finance-to-expand) **Published:** September 26, 2022 **Author:** Publisher **Content:** The hospitality sector has been one of the worst-hit from the COVID-19 pandemic. No work-from-home options for these businesses to continue trading during lockdowns and strict post-lockdown conditions imposed on capacity with social distancing restricting trading just for starters. But one of the biggest COVID-related issues affecting the sector is without doubt the labour situation. While staffing has been a major issue for operators, the situation may have that light at the end of the tunnel. A sign that now may be the time to consider upgrading and replacing with cheaper hospitality equipment finance. The exodus of backpackers and overseas students as well as many temporary visa holders at the start of the pandemic left the sector in a massive staffing hole. Many of these workers have not immediately returned since the Australian border was reopened. But there are new government measures in place and under consideration, which are aimed at increasing the migrant intake and encouraging other category workers to Australia. Many of these issues were covered in the recent Jobs and Skills Summit held in early September. Treasury has now released the [Outcomes of the Summit](https://treasury.gov.au/sites/default/files/inline-files/Jobs-and-Skills-Summit-Outcomes-Document.pdf) which may be worth a browse to see what actions may benefit your business. Some of the immediate actions reported include:- increasing the migrant intake; accelerating the visa processing system to get workers into the country and into jobs faster and clear the backlog; relaxing the working restrictions for some categories of international students/graduates; and increasing the amount that age pension holders can earn before impacting their benefit. These are just some of the ‘immediate actions’ with longer term plans and initiatives also being implemented. Will these measures ease your staffing issues? With better staffing will this increase your capacity? Present the need to look at your equipment? We look at the **hospitality equipment finance options that Jade Equipment Finance offers at cheaper interest rates to assist the sector to expand as staffing situations improve**. **Types of Hospitality Equipment We Finance** The hospitality sector covers a range of establishments including smaller cafes, restaurants, pubs, licensed clubs, venues, theatres, entertainment centres and similar. In addition, we include catering and other food preparation businesses within our hospitality equipment finance category. The type of equipment required by these operators will vary and, as specialists in equipment finance, we provide finance for this vast range. Equipment which may be financed includes:- - Kitchen equipment such as ovens, commercial stoves, commercial refrigeration and similar. - Fit-outs for kitchens such as benches, cupboards and storage. - Fit-outs for customer areas such as tables, chairs, carpet and floor coverings etc - Bar set-ups and equipment such bar and drink dispensing systems, storage systems and similar. - Point of sale computer systems and business IT systems. - Digital upgrade of IT systems including entertainment equipment, communications systems, safety systems and others. - Plus many more. If you are planning an upgrade but not sure if the items you need to purchase can be financed, just contact us for a quick response so you can proceed with your plans. **Finance Products** The business set-up, financial objectives, accounting method and other aspects will determine which specific loan type is best-suited to the hospitality equipment purchase. The selection we offer includes:- - [Chattel Mortgage](https://www.jadeequipmentfinance.com.au/chattel-mortgage.php) for Hospitality Equipment - [Hospitality Equipment Leasing ](https://www.jadeequipmentfinance.com.au/asset-lease.php) - Commercial Hire Purchase - Rent to Own for Equipment and Machinery New hospitality businesses which are just setting up are catered for with our Low Doc and No Doc Hospitality Equipment Loans. These are achievable at very cost-effective rates and individually negotiated through our specialist non-bank lender to best meet the customer’s requirements. Speak with the accountant for the business to assist which of these may meet the requirements of the business. In addition to negotiating the cheapest rates, our consultants also focus on negotiating the preferred finance structure. The loan term and balloon or residual directly affects the repayment amount. Achieving a cost-effective and workable result can involve requesting preferences with these finance aspects. Factors which may be particularly significant to hospitality sector businesses which are still in post-COVID recovery mode and seeking to achieve more than just make ends meet. **Interest Rates** Interest rates on equipment finance vary with the industry and with the individual business applicant. As we deal with multiple industries, the [interest rates we are currently displaying](https://www.jadeequipmentfinance.com.au/equipment-finance-interest-rates.php) are intended as a general guide. But be assured that our consultants will be sourcing the cheapest rate from across our extensive selection of lenders for your particular requirements. For budgeting and comparing models purposes, use our current rates with our [Finance Calculator](https://www.jadeequipmentfinance.com.au/calculator.php). The interest rate also varies with the different finance products. So establishing which product is best for the business first, can make working up estimated repayments with the calculator a lot faster and a better ballpark achieved. **Additional Benefits to Consider** Adding greater value to both the acquisition and the finance offer may be realised in current tax measures such as [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing). Read our recent reminder article on this accelerated asset depreciation measure and check the criteria to see if the equipment meets the ATO guidelines. **For workable hospitality equipment finance at cheaper rates, contact Jade Equipment Finance on 1300 000 003 for a quote.** *DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.* **Categories:** Information --- ### [Signs more positive for hospitality sector. Capitalise on opportunities with cheaper Equipment Finance](https://jade.finance/blog/signs-more-positive-for-hospitality-sector-capitalise-on-opportunities-with-cheaper-equipment-finance) **Published:** October 9, 2022 **Author:** Publisher **Content:** Recent actions around easing the labour shortage situation and other economic data appear to present positive signs for the hospitality industry. Signs that may point to the time being right to upgrade facilities with cheaper equipment finance. While the lockdowns and other COVID restrictions impacted pretty much all businesses, the hospitality industry was definitely one of the worst impacted. This was one of the first industries to be closed completely during the first lockdown in 2020 and even after reopening, faced capacity limitations which severely restricted the ability to fully operate. These issues have been extremely challenging but many operators cleverly managed and found work-arounds. Not so easy to solve has been the problem of staff shortages. The sector has been reporting shortages of staff, especially qualified chefs, housekeeping and other workers since way back in late 2020. The issues stemmed from a number of sources including the lack of international migrant workers and students that left Australia at the pandemic onset and many hospo workers leaving the industry due to the uncertainties of secure employment. But the situation may start to improve significantly and that may give reason to revisit those plans to revitalise the venue with new equipment. The are also a number of signs in the lending and finance area that we have identified as possibly pointing to the right timing to purchase hospitality and catering equipment with finance. ## **Positive Signs and Indications** On the labour issue, the outcomes that have emanated from the recent summit on jobs and skills are encouraging. [The Treasury department](https://treasury.gov.au/sites/default/files/inline-files/Jobs-and-Skills-Summit-Outcomes-Document.pdf) has posted the report on the outcomes which show what will be addressed immediately and what will be addressed down the line. The actions which the Government report states will be addressed immediately include:- - A significant increase in the intake for migrant workers. - Boosting resources to ease the backlog in processing work visas. - Easing the conditions around which international graduates can work. - Increasing the amount of income that recipients of the aged pension can earn before the pension is impacted. The unemployment figures may also give rise to increased positivity. The rate has been dropping for many months and hit a 40 year low of 3.4%. But as reported by the [ABS](https://www.abs.gov.au/) the rate actually increased in August. Only by a small amount to 3.5% but it may indicate an easing in the tightness of the labour market. A tightness which has been acknowledged by the RBA as constraining business capacity. Another positive sign for hospitality and other food providers comes out of the consumer spending data, also released by the ABS. This shows continued strong demand for spending in venues such as restaurants and cafes and takeaway outlets. In the mix when considering taking on any business finance is of course interest rates. As most will be well-aware, the RBA has hiked the cash rate for several consecutive months and indicated that further rises may be appropriate. While Jade Finance focuses on achieving the cheapest commercial finance rates for [equipment finance](https://jade.finance/equipment-loans/best-equipment-rates), these rate rises are being felt across the lending sector. Businesses that can move swiftly with equipment acquisitions may avoid interest rate rises which may be announced in coming months. To start prepare budgets for purchasing the required equipment, take advantage of our [Finance Calculator](https://jade.finance/equipment-loans/equipment-finance-calculator). One of the strongest motivators for hospitality operators to action equipment acquisition plans may stem from the current tax measures. Temporary full expensing allows for the full price of eligible assets by eligible enterprises to be fully depreciated (tax deducted) in the same year that the equipment was acquire. This can represent a much larger depreciation amount compared with the normal schedule. But back to the timing and temporary full expensing, which has been in the offing since April 2020 is due to expire on 30 June 2023. That may seem a while away, but Christmas is a busy period in hospo and most operators will be focussing on maximising their turnover at that time. Acting now, may ensure that those plans do happen. ## **Equipment Finance Options** Our equipment finance products are available for a wide range of equipment that may be required by the hospitality and catering industry. Not limited to customer-facing businesses such as cafes, bars, hotels, takeaway outlets and restaurants, we also finance equipment for caterers in areas such as care homes, hospitals, institutions and through the food chain from producer through preparation to the plate. The type of equipment financed may include anything in the kitchen and food preparation areas through to the service and customer areas of the venue. We also don’t overlook the back-of-house requirements such as storage, computer and accounting systems and security systems. For those wanting to give their venue a full refresh, speak with us about fit-out finance. The [finance products](https://jade.finance/equipment-loans) include:- - Rent to Buy - Commercial Hire Purchase - Leasing - Chattel Mortgage To decide which finance product will deliver the better outcome for the business at this time, we strongly recommend that operators discuss this with their accountant. The signs are looking more positive so now may be the right time to upgrade your establishment with cheaper finance. **Contact Jade Finance 1300 000 008 for hospitality and catering industry equipment finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Setting up your own operation? Get support with our specialist loans for new business service](https://jade.finance/blog/setting-up-your-own-operation-get-support-with-our-specialist-loans-for-new-business-service) **Published:** June 24, 2024 **Author:** Publisher **Content:** The financial year start can be a popular time for change. A time to realise long-held plans to run your own business. To finally make the move to contractor status with your own machinery, establish as a self-employed tradie after completing an apprenticeship, set-up as a grower, or turn that side hustle into the primary source of income. But even the best planning, the greatest passion, and the most creative talent, can fail to get a great idea over the line, without affordable financing. With a refreshing approach to commercial lending, Jade Finance supports start-ups with specialist loans for new business services. We work with a lot of start-up operators and know the challenges they face in securing affordable funding to acquire the necessary vehicles, trucks, machinery and equipment to get the enterprise underway. With our individual attention, vast lender base and specialist finance products, we address these challenges in a positive and productive way. We appreciate many will have a lot of questions that they would like clarified before submitting a finance application. In this explainer, we cover off on a number of the main concerns that we regularly discuss with start-up operators. ## How to Access Specialist Services for Loans for New Business Jade Finance assists start-up operators connect with the right lenders, access suitable credit and get approval to secure workable loans for new business. Access to our services is direct, without any referral from a third party needed. A major issue preventing start-ups from getting approved for financing is not being able to meet the eligibility criteria and approval guidelines set by many banks and lenders. These guidelines can include being in business for more than 1-2 years, having at least 1 year of financial accounts and records, and having a minimum turnover level. We provide access to over 80 lenders which includes non-bank lenders with more flexible criteria. Our brokers match each operator with the lender that has the most suitable eligibility criteria. Funding can be provided on a ‘low doc’ basis – approved with less than the usually required financials and trading history. ## What are Low Doc Loans for New Business? [Low Doc finance](https://jade.finance/business-loans/low-no-doc-business-loan) is a description for funding approved to operators with less documentation or financials. Applicants can be approved through specialist lenders based on 6 months of turnover figures. Lenders may require the personal financials of the operator to be provided and the personal credit profile is also reviewed. Additional collateral may be required. Credit facilities for start-ups cover the full range of commercial credit facilities – Leasing, Rent-to-Own, Hire Purchase and Chattel Mortgage. There may be loan limits applied, but workable rates and terms may be achieved. ## What can loans for new business be used to buy? When a start-up operation connects with the right lender and has their application approved, they can be eligible for funding for a wide range of assets and purposes. Commercial credit can be used to fund all types of plant, machinery and equipment, including IT and computers, used in a commercial operation. Low doc funding can be used by operators across all industry sectors and for all set-ups – micro operations, sole traders, self-employed, and ABN-only holders. ## Affordable Car and Truck Loans for New Business Funding for motor vehicles is a popular requirement for many new operators. Tradies need utes, delivery services and growers need vans, and many others need cars for general transport. New owner-drivers need trucks. Using our expert services, operators may access affordable funding for all types of new and used vehicles – cars, vans, utes, and light, medium and heavy-duty trucks. Affordable [car finance](https://jade.finance/business-loans/business-car-finance) is available on top-selling delivery vans such as [Toyota HiAce](https://www.toyota.com.au/), LDV and VW, popular utes including Toyota HiLux and [Ford Ranger](https://www.ford.com.au/showroom/trucks-and-vans/ranger/), and all models of SUVs, passenger cars and heavy vehicles. ## Tailored Machinery Loans for New Business Requirements If planning to set-up as a contractor in the construction or agricultural sector, affordable machine funding can be vital to achieving those plans. We provide start-ups with access to workable financing for new and used machinery including backhoes, diggers, excavators and many others. Solutions at the [best available interest rates](https://jade.finance/equipment-loans/best-equipment-rates) are individually tailored to meet the specific needs of the new operation, to facilitate set-up and provide support for growth. ## Applying for New Business Loans Start-up operators can apply for financing with Jade by using our online portal or calling and speaking with one of our brokers. While not having full documentation is a given, applications can be strengthened by preparing as much information on the financial position as is available. We handle the application processing for fast approval so operators can move quickly to acquire the machines and vehicles necessary to get their operation underway. **For specialist services to secure loans for new businesses, contact Jade Finance on 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Selling Goods and Assets 'Under Finance'](https://jade.finance/blog/selling-goods-and-assets-under-finance) **Published:** December 18, 2020 **Author:** Publisher **Content:** When you hear the term ‘under finance’ it means the goods or equipment are subject to a loan or finance contract. This refers to cars, boats, caravans, motorbikes, trucks and all types of business equipment and machinery which are purchased with a loan. That is both personal loans and business finance. When buying goods and equipment with a loan, the borrower, be that a business owner or an individual, decides in consultation with the advisor and/or Jade consultant, the length of the loan term. Loans arranged through [Jade Finance](https://jade.finance) have a fixed loan term which we refer to in years or months. For a whole range of reasons, people decide to sell, upgrade or replace their goods or equipment before the end of the fixed loan term. That is, when they still own money to the lender. When this happens, it is referred to as ‘selling under finance’. If you are planning to upgrade to a better car, bigger boat or new technology equipment (or a bike or caravan or truck) and you have a finance deal on your existing vehicle, then listen up and we’ll explain your options in proceeding. ## **You Own the Loan** The critical issue to realise is that the loan or finance is your responsibility. You own the loan and it is not transferable when you sell the goods. The finance obligation is not on-sold with the goods. Your name or your business is on the finance contract and that’s that. Before you sell the goods or in sync with the sale, you need to finalise the existing loan obligations. ## **PPSR** When you take out finance, the lender records the loan against the goods on what is known as the Personal Properties Security Register. This is national and superseded the previous REVS systems some years ago. If you’re buying second hand goods you can check [www.ppsr.gov.au](https://www.ppsr.gov.au/) to ensure they are unencumbered or no money owed on them. ## **Selling Under Consumer Finance** If you have a [secured loan for a car](https://jade.finance/car-loans), boat, bike or caravan and sell before the end of the loan term you can either:- - Pay out the existing loan prior to selling. With Personal Secured Loans break fees will apply. - Trade-in the goods and take out a loan for the new vehicle. If you are trading in an item, the dealer could pay part of the trade in direct to the lender to repay your loan or give the funds to you to finalise the loan. If you’re taking out a new loan with Jade Finance for the new goods, your consultant will work with you to finalise the existing loan and establish the new loan. Break fees will apply on secured loans. Either way, you will need to contact your lender and get a ‘payout figure’. This will be the amount that is due on the loan on that date. A payout figure will have a timeframe after which it will either increase with interest or decrease if you make the next due repayment. ## **Selling Under Business Finance** When selling or trading vehicles, trucks or equipment before the end of the finance term, you will need to take into account any residual or balloon included in the contract as well as any outstanding monthly repayments. As with consumer finance, contact your lender for an exact figure. This can be significant if looking to trade-in the asset on a newer model. You will likely be hoping the trade-in price will cover the outstanding debt. If trading in say a car or truck on a new model, as with the points mentioned above in the consumer notes, you can discuss with the dealer the best way to pay out your existing loan. When setting up a new finance arrangement for the new vehicle with Jade, your consultant will handle a lot of the paperwork and arrangements on your behalf. Just another of the great benefits of our service as your lender. If you’re selling a business with the equipment included and the equipment is under finance, the situation may be more complex. Speak with your accountant or financial advisor or refer to the lender as to what options you have in these circumstances. Typically, the seller would be expecting the proceeds of the sale of the business to cover such expenses and more. ## **Private Sales** If you decide to sell your goods through private platforms, whoever is interested in buying should do their due diligence checks and see you owe money. They will usually expect you to finalise this before the sale proceeds. ## **Avoiding Fees and Penalties** Both consumer and business finance contracts can involve break fees when a loan is finalised prior to the agreed fixed loan term. In order to avoid such fees, when arranging your finance with Jade Finance, pay close attention when deciding on the loan term that suits you. While a longer term reduces the monthly repayment, if you think you’re going to want to trade up before that time, it may be worth opting for a shorter term. To discuss all things finance especially quotes on something new for your lifestyle or business, just give us a call! **To arrange consumer or business finance speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: YOU ARE ADVISED THAT THE INFORMATION PRESENTED HERE IN THIS BLOG, IS FOR GENERAL INFORMATION AND NOT INTENDED TO REPRESENT FINANCIAL ADVICE IN ANY WAY. IF YOU CONSIDER THAT YOU DO REQUIRE ADVICE IN REGARD TO YOUR FINANCIAL SITUATION, THEN WE RECOMMEND THAT YOU SEEK A CONSULTATION WITH A PROFESSIONAL FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED IN REGARD TO THE DETAILS OR ANY ERRORS IN THE CONTENT WHICH MAY IN PART HAVE BEEN SOURCED FROM A RANGE OF SOURCES.* **Categories:** Information --- ### [Self-employed Business Finance Options and Availability](https://jade.finance/blog/self-employed-business-finance-options-and-availability) **Published:** July 18, 2022 **Author:** Publisher **Content:** If you’re already self-employed or planning to make the big move to set up your own business, having access to workable, cost-effective finance can be integral to achieving objectives. Self-employed business finance may be required for a range of purposes including the purchase of all types of business equipment, vehicles including trucks, cars and vans and as general support for the operation. Many individuals are drawn to self-employment as contractors in many fields. Fields that require specific equipment in order to carry out the work. Finance could be required for IT and computer equipment, technology, construction and excavation equipment such as diggers and back-hoes, beauty and hairdressing equipment, veterinary and medical devices and many, many other purposes. General finance support may be required to set-up the operation and cover marketing and promotional expenses and to provide cash flow support through the initial phases until the business is operating to full capacity. When sourcing finance as a self-employed operation, many will notice that they do not readily meet the criteria for business loans under the advertised guidelines by many banks and finance companies. Concerns may also exist around the possibility of being subject to higher interest rates based purely on being self-employed. As a broker-style lender, [Jade Finance](https://jade.finance/) provides a range of self-employed business finance options for both new and existing businesses for a range of purposes. Through our vast selection of lenders, we have the capability to source appropriate finance options and achieve affordable and realistic cheap interest rates for the self-employed. With the RBA raises interest rates, achieving the cheapest rate finance may be integral to the feasibility and viability of a new or small business. ## **Self-employed Finance Overview** The type of finance required by the self-employed will vary depending on whether the business is new, is existing and how long it has been trading for. New businesses may require [Low Docs and No Doc](https://jade.finance/car-loans/low-doc-car-loan) finance considerations whereas those that have a long trading history and a good credit profile should be eligible for normal business finance. Not all lenders offer finance to these types of operations as they have criteria around a minimum timeframe for the operation and minimum requirements around the financial documentation required to complete the finance application. The No Doc and Low Docs options allows for both these issues and can be sourced through a selection of our more specialised non-bank lenders. Applicants will need to hold a current ABN and be able to present ID. If just setting up, getting an ABN should be one of the first steps. Beyond these minimum requirements, lenders offering this type of finance will have their own individual requirements. Our consultants know exactly which lenders will suit which of our customers so we can save operators time and source appropriate quotes quickly. One aspect that differentiates self-employed business finance from say companies applying for finance is in relation to the assessment of the credit rating. Most established companies will have a credit profile and a finance application will be assessed primarily if not solely on the credentials of the business. With smaller self-employed businesses, the credit rating of the individual is typically considered as part of the application assessment procedure. With a new set-up, no financial records would have been accumulated so the lenders will look at the financial position of the business owner. Ensuring the individual credit score is in the good range can be critical to being offered a cheaper interest rate and/or less conditions on the loan. Refer to [Moneysmart](https://moneysmart.gov.au/) for information on how this may be achieved. Due to the small size of self-employed businesses, lenders may impose additional conditions on the loan. Conditions for self-employed business finance may include:- - Limits on the loan total approved. If hoping for finance to cover 100% of a purchase or purpose, it may be wise to allow for a deposit to be required to reduce the loan amount requested. - Additional security as well as the asset being purchased required. - Limits on the loan term – applicants may not be offered as long terms as they may prefer, this should be factored in when planning budgets. - Where the finance is in the name of the business, the business owner may need to be guarantor for the loan. The interest rate offered will be based on the assessment of the individual and the business plan. Higher rates do not necessarily always apply to self-employed businesses. Your Jade Finance consultant will be negotiating for the cheapest rates. ## **Finance Products Available** Jade Finance services are available to all types of business including the self-employed. Our full selection of business finance and commercial loans may be considered. - For asset purchases – Chattel Mortgage, Leasing, Rent to Own and Commercial Hire Purchase. - For non-asset purchases – Secured and Unsecured Business Loans. - For cash-flow support – [Business Overdrafts](https://jade.finance/business-loans/business-overdraft) through either a bank or one of our non-bank lenders. Using the services of a broker-style lender can result in significant benefits especially for the self-employed. You may be happy to proceed with working for yourself, but working by yourself in sourcing finance may not be the best option. **Contact Jade Finance 1300 000 008 to discuss self-employed business finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Secure Latest Top Selling Cars - Apply for Car Finance Now](https://jade.finance/blog/secure-latest-top-selling-cars-apply-for-car-finance-now) **Published:** May 16, 2022 **Author:** Publisher **Content:** If you’ve been putting off the purchase of your new car due to supply issues, time or indecision about which vehicle, the May rise in the cash rate by the [RBA](https://www.rba.gov.au/) with the prospect of more to come, could be the motivation needed to act quickly. This could be the time to make your choice and apply for car finance before another rate rise. For business buyers it may be the ideal time to seek car finance for new vehicle purchases in order to realise the relevant tax benefits in this financial year. For private and in fact all buyers, it could be timely to proceed with new car buys asap in the event that the RBA raises the cash rate further at its upcoming Board meetings which then triggers a rise in car finance interest rates. We take a look at the latest top selling cars as per the April vehicle sales data and provide information on the finance options available now. ## **April Motor Vehicle Sales** If supply issues have been the reason for delay, and they look like persisting for some time, then taking a wider look at what’s on the market in your category may be the way to go. The [April vehicle sales figures](https://www.fcai.com.au/news-and-media/) were recently released and may provide much-needed inspiration for both private and business vehicle buyers. The sales figures are released monthly by the Federal Chamber of Automotive Industries (FCAI) and can provide insights for buyers as to what other buyers have already selected as their vehicle of choice. But at a time when motor vehicle supply in Australia and overseas has been seriously hampered by the pandemic and the semi-conductor shortage, drawing conclusions from monthly sales figures should be done with caution. Such was the essence of the message from FCAI Chief Executive Tony Weber in announcing the figures in a statement on the Associations’ website. Sales overall were down for April 2022 compared to the figures for March this year and 12% down when compared with the same month last year. Mr Weber pointed out that the latest figures did not represent the demand for new vehicles. He said there was a supply issue which was being experienced both in Australia and across the global motor vehicle market. Such is the supply situation that there are reports of some makers actually implementing a pause in taking orders and others have advised of even more delays as production slows in overseas factories. Sales downturns were not limited to a few or minor brands. Even market leaders such as Mazda, Toyota, Ford and Mitsubishi registered a drop in sales. Despite the results, Toyota maintained its dominant position from a brand perspective with Mazda second and Mitsubishi in third place. ## **FCAI Overview** In the announcement, Mr Weber highlighted the key issues which currently impact automotive manufacturing on a global basis. These included the shipping problems as well as production delays. The computer chip issue continues to plague both vehicle manufacturing as well as many other industries as does the pandemic situation. Factories that needed to shut production at different phases of the pandemic are now in attempting to get production levels restored but are being held back due to the micro-processor supply problems. These supply issues for new vehicles, which the sales figures represent, are causing extensive delays in delivery of new cars to eager Australian buyers. ## **Top Sellers: Models and Brands** Those considering the monthly sales figures need to appreciate that the data is for cars delivered to buyers in that month and does not necessarily reflect popularity or other issues. But regardless of the issues the rivalry between the iconics – [HiLux](https://www.toyota.com.au/hilux) and Ranger, continued with HiLux taking the honours for the month. Toyota RAV4 was the next top seller then came the very popular [Mazda CX 5](https://www.mazda.com.au/) followed by the D-Max. Next in the leading 10 models was Mitsubishi’s Triton, Toyota Corolla, i30 from Hyundai, MG ZS and the ever-popular LandCruiser. Some brands did post a rise in sales – Kia with just over 8% rise and MG posting a whopping 58% increase in sales compared with the same month in 2021. ## **Applying for Car Finance** If stock is available for the vehicle you want, then warning – you’ll want to be ready to place that order on the spot. To do that, it is wise to apply for pre-approved car finance. Jade Finance provides pre-approved finance across all our motor vehicle finance products for both business and private buyers. The loan selection includes:- - [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans) - Motor Vehicle Chattel Mortgage - Vehicle Lease - Hire Purchase for Motor Vehicles - [Novated Lease with Salary Sacrificing](https://jade.finance/car-loans/novated-car-leasing-salary-sacrificing) The[ interest rates](https://jade.finance/car-loans/car-loan-interest-rates) vary across the loan types and for business buyers, there are also variations in regard to tax issues. Businesses should refer to their accountant for advice on which motor vehicle finance product will best suit their operation. Use the applicable interest rate comparison charts and calculators to work up car finance repayment estimates or just get straight into it and call us for a quick quote. **Contact Jade Finance 1300 000 008 for private and business car finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Secure Latest Best Selling Trucks at Better Finance Rates](https://jade.finance/blog/secure-latest-best-selling-trucks-at-better-finance-rates) **Published:** September 11, 2023 **Author:** Publisher **Content:** Many business owners and operators have chosen to upgrade their vehicles in recent times, many in response to the generous tax deductions with Instant Asset Write-Off. This trend has seen strong sales in the truck market over the past year especially. Despite the 30 June end to temporary full expensing, truck sales for the year-to-date are still good but the August result was somewhat flat. For buyers in the market to upgrade at the moment, we report on the best selling trucks for August 2023 and the financing options we can offer. ## Truck Sales August Several record months for sales in the truck market have been recorded recently with long-term records smashed in several segments. Not surprisingly, there was a last minute surge in May and June as business owners rushed to finalise their purchase to utilise temporary full expensing before the expiry date. In addition to utilising tax benefits of new vehicles, operators are seen as upgrading to achieve improved efficiency and safety with newer models. When comparing August this year to last year, the monthly sales were down 0.1%. The YTD figures, however, show a different outcome – up 11.3% in 2023:2022. Whether this will be sustained with no temporary full expensing available for most businesses, will have to be seen. Operators should note that all truck loan options provide tax deductions and extremely cost-effective and affordable financing is available with our better rates. ## August’s Best Selling Trucks – Brands and Segments The brand stakes in sales can be interesting for business operators to watch to understand which manufacturers are selling the most units. The best selling brands are reported across total sales which include all truck segments. So it follows that brands with models in multiple segments will perform better than those that specialise in one market segment only. [Isuzu](https://www.isuzu.com.au/) leads the brand on total sales with Hino second and Fuso in third. Next came [Volvo](https://www.volvotrucks.com.au/en-au/) which eclipsed next placed Kenworth in the heavy duty segment. Iveco ranked next followed by Mercedes-Benz then Scania, UD Trucks and Mack Trucks. Despite the flatter sales results across the market, heavy duty trucks continue their impressive sales roll. Sales for the month were up 7.1% compared with the same month in 2022 and on a YTD basis, the segment recorded a 20.9% lift. The best selling heavy duty brand was Volvo with Kenworth back to second position. But the sales margin was relatively small – just 16 vehicles the difference between these leading manufacturers. Isuzu came in third followed by Scania and Mack. Next up were Mercedes, UD and DAF with the same number of sales and then Hino and Iveco. The medium duty category continued an uplift but with less impressive figures than the larger segment. For the month, sales were up 3.6% compared with August 2022 and only 0.1% up on the YTD comparison. The same top 3 brands led this segment in sales with Isuzu the leader ahead of Hino and then Fuso. The remaining leading brands in order of sales results were UD Trucks, Iveco, then Volvo and Hyundai on the same sales figure and finally SEA, Mercedes-Benz and MAN. Bucking the upward trend was the light duty segment. August 2023 sales are 11.2% less than August 2022. But YTD sales are still on the up by 7.6% in 2022. Isuzu dominates this segment with sales that were double its nearest rival – Hino. The Isuzu sales represent 46% of this segment’s sales for 2023. Fuso was third followed by Iveco and Fiat. ## Cost-effective Loans for Best Selling Trucks To gear up your operation to capitalise on opportunities, we provide cost-effective truck financing options as well as affordable trailer finance for all types of business setups. Affordable loans can be achieved across our finance selection. Jade Finance focuses on sourcing better rates to enable all operators to purchase best selling trucks in all segments with cost-effective loans. Loans are individually sourced to ensure not only the cheapest interest rate is achieved, but that the terms and conditions are workable for that specific business. Businesses need only select which is the loan option that will suit their accounting and tax approach. Truck finance options include:- - Chattel Mortgage Truck Finance - Truck Leasing - Rent-to-Own Truck Finance - Hire Purchase Truck Loans Startups and new operators can speak with us regarding our Low Doc and No Doc options. These loans for those without financials are sourced through our specialist lenders and affordable rates are achievable. Use our finance calculator and our current rates to work up estimates to plan your acquisition or call us for a quote. For additional insights, you can also check out finance reviews related to our services. **For quotes on loans for best selling trucks, contact Jade Finance at 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Second Chance Consumer Loans](https://jade.finance/blog/second-chance-consumer-loans) **Published:** June 28, 2020 **Author:** Publisher **Content:** For many people, the coronavirus crisis threw their personal plans for purchasing a new car, boat, caravan or motorbike into limbo. We are aware that conditions around the finance sector especially in the March to May period resulted in some consumers having the loan applications rejected. An article published in mainstream media recently highlighted the issues faced by some consumers seeking finance, specifically in the case of the article, car buyers. It related the story of some car dealers who were losing sales as their buyers had their car loan applications declined due to the tightened restrictions imposed by lenders due to COVID-19. Buyers, that in the opinion of the dealers, presented as credit-worthy applicants. This has prompted our call-out to those who applied for car, boat, caravan or motorcycle loan say with a bank or finance company directly during the early part of this year and were rejected to contact [Jade Finance](https://jade.finance/) to discuss the possibility of a ‘second chance’ loan. Jade Finance has been in the finance broking business for a long time so we fully understand the feelings of both buyers and sellers in this instance. But we are also fully aware and across the circumstances that can lead to such as situation and we elaborate, explain and highlight a number of points to provide you a better understanding. - Car, boat and bike dealers are usually highly experienced and are dealing with buyers seeking loans on a weekly basis. We appreciate that they do understand how the system works and what lenders are usually looking for when approving loans. However, we respect them greatly but it is not their role to provide an assessment of an applicant for a loan. That is the duty and responsibility of the credit licensee. - We draw your attention to another of our articles where we detailed the role of both finance brokers such as Jade Finance and other lenders including banks, under the National Consumer Credit Protection Act. All licensees must adhere to the strict[ Responsible Lending Guidelines and Obligations as set out by ASIC](https://asic.gov.au/regulatory-resources/credit/responsible-lending/) and as legislated under the law. Under the law, lenders are not permitted to offer a loan to a person if that loan is unsuitable for the person. - As we mentioned in several earlier blogs, some banks and lenders did tighten their lending guidelines during the early stages of the coronavirus pandemic. When you consider the circumstances the banks were facing, this is quite understandable. In a very short timeframe they were hit hard with an enormous number of requests for loan deferrals as businesses were forced to close and staff stood down, laid off or had their employment terminated. - With the economic outlook uncertain, the status of [JobKeeper](https://www.ato.gov.au/individuals-and-families/financial-difficulties-and-disasters/covid-19/jobkeeper-payment) presented a completely new employment status to grasp and lenders reacted with caution. - As the situation played out and stabilised to an extent, lenders resumed more of a ‘business as usual’ level of operations. If you missed out on a loan earlier this week, your plans may still be a possibility with the assistance of Jade Finance. **How can Jade Finance assist you?** - On the basis of what we have stated above, you may prompted to simply contact the same bank and re-apply for the same loan. However, it is a better option to use the services Jade Finance as your finance broker to handle the loan on your behalf. - When individuals make multiple loan applications directly, it can impact negatively on their credit profile. When the process is handled by a licensed professional finance broker, it does not impact an individual’s credit profile. - During the COVID-19 period, most borrowers preferred to approach the major big 4 banks for their loans and finance requirements. Jade Finance has far more choices beyond the major banks. Yes we are accredited with all major Australian banks but we also have a lot more lending sources. With more choices we are presented with more chances to source you a second chance loan. - Our services as a finance broker are available to individuals for all types of loans – cars, boats, motorbikes and caravans. - As professional brokers we know the guidelines imposed by individual lenders so we know which one to approach to source the best deal for individual requirements and to suit your individual application. - We write a lot of business with many lenders and that gives us the bargaining power to negotiate better interest rates for our customers. By better rates we mean, lower rates! **Taking a Second Chance** If you’re still wanting to buy that boat, car, caravan or bike, the timing could be ideal for you to contact us and get moving on sourcing your loan. And in some ways, the timing may play into your hands as you may find great EOFY bargains and more clearance sales towards the latter part of the year. We can offer both secured and unsecured loans for personal consumer purchases at our better interest rates with fixed terms and fixed repayments. Everyone deserves a second chance. Make yours happen with a confidential and obligation-free call to Jade Finance to discuss your situation with one of our consultants. **For second chance consumer loans contact Jade Finance Call 1300 000 008** *DISCLAIMER:THIS INFORMATION HAS BEEN PROVIDE AS GENERAL MATERIAL FOR YOUR CONSIDERATION. INFORMATION IN REGARD TO GOVERNMENT POLICIES IS SOURCED FROM OFFICIAL AUSTRALIAN GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ERRORS IN PRESENTATION OR IN THE INTERPRETATION OF FACTS OR THE COMMENTARY AND ANALYSIS OF INFORMATION WHICH IS AVAILABLE IN THE PUBLIC DOMAIN. INDIVIDUALS ARE ADVISED TO CONSULT WITH THEIR FINANCIAL ADVISOR OR ACCOUNTANT FOR SPECIFIC ADVICE REGARDING THEIR INDIVIDUAL SITUATION.* **Categories:** Information --- ### [Affordable Motorbike Loans for Benelli Sale: Save Big on Your New Ride](https://jade.finance/blog/save-with-cheaper-motorbike-loan-benelli-sale-discounts) **Published:** February 24, 2023 **Author:** Publisher **Content:** With high inflation pushing up prices seemingly everywhere, any and every saving that can be realised is much sought after and appreciated. When it comes to a major purchase such as a new ride, securing a cheaper motorbike loan and a discount on the purchase price is certainly worth serious consideration. That scenario is a distinct possibility. **Significant savings may be realised with a cheaper interest rate motorbike loan from Jade Finance to purchase a discounted model at the Benelli Mega Sale.** The sale includes savings of up to $700 on certain Benelli models from the 2022 range. Discounts of $500 on some models, $600 on others and a massive $700 on at least one. The Benelli discounts are only on offer until 31 March or while the stock is available. So buyers are encouraged move fast to get their loan approved and buy their preferred model. While we always adhere to our cheaper interest rate policy, our lenders – banks and finance companies, will react to rate increases as announced by the [RBA](https://www.rba.gov.au/ "Reserve Bank of Australia"). Further increases have been flagged by the RBA, adding to the urgency to submit a loan application asap. ## Mega Sale – Benelli The [Benelli Mega Sale](https://benelli.com.au/current-offers/ "Offers Archive - Benelli Australia") is a great opportunity to experience the superiority of Italian engineering and design at a more affordable price. Benelli has a reputation for the way the engineers and designers perfectly combine power, style and performance in their collections. To have your own Benelli experience at the discounted pricing, check out the models from the 2022 range which are included in the sale. The sale pricing is available on Leoncino 800 and 500 models. Remember, the savings are $500-$700 – definitely worth checking out. The discounted pricing is posted on the Benelli Australia websites so buyers can use those prices with our [personal finance calculator](https://jade.finance/personal-loans/personal-loan-calculator) to compare models based on price. - At the top of the range and price is the Leoncino 800 Trail at $13,490 rideaway - At $500 less is the 800 at $12,990 rideaway. - The 502C is the highest priced model in the 500 range at $9,990 rideaway. - Next is the 500 Trail at $9,890 rideaway. - The lowest priced model in the sale is the Leoncino 500 at just $9,390 rideaway. The prices already have the discounts applied. Buyers are encourage to refer to the conditions around the pricing to confirm what is included in the rideaway pricing. If everything wanted is not part of the package, it is still possible that the extra cost could be included in your Jade Finance loan. Extra items may include accessories. ## Working Out Estimated Repayments As mentioned above, having the prices already posted, albeit with possible conditions, is great for those wanting to get a rough idea of loan commitments without having to first speak price with a Benelli dealer. Using our finance calculator is a great starting point for obtaining rough motorbike loan repayment estimates. We emphasise ‘rough’ and ‘estimates’ as the interest rate we are currently achieving may differ from what a customer is offered. Loan offers including interest rates, are made by our lenders following the application assessment process. That includes reviewing the credit rating and other details. The rated displayed by lenders will be the lowest currently achievable for customers that have a good credit rating. Regardless of credit score, we focus totally on achieving the cheapest rate that matches the individual customer’s profile and requirements. The other factor to keep in mind is the possibility of another rate rise before your application is submitted, processed and approved. The [Reserve Bank](https://www.rba.gov.au/ "Reserve Bank of Australia") has indicated more rate rises ahead and the next decision is due on 7 March. Keeping all that in mind, using the finance calculator is still a very useful buying tool. Simply input the advertised price of the Benelli models as the loan amount, the preferred loan amount and our current interest rate. A monthly repayment amount based on those values will automatically be displayed. Calculate estimates on all sale models to see what the difference might be in repayments to get a guide to affordability. ## Motorbike Loan Types The type of loan required will also impact the interest rate. For private buyers, the [Secured Motorbike Loan](https://jade.finance/bike-loans/motorcycle-finance) is likely to be most appropriate. This loan has a fixed interest rate which we lock-in for the full time of the loan term. No need to worry about switching loans or rates changing over that entire time. If the motorcycle is being purchased to use as a business asset, business owners can select from the full range of our Business Finance products – Chattel Mortgage, Leasing and Hire Purchase. ## Motorbike Loan Savings So how can you save on your loan? With our cheaper interest rates. We are accredited with over 60 lenders. That provides us with more choices to ensure we always secure the cheapest interest rate loan on the market that suits that customer. We also utilise our extensive bargaining power to negotiate for better rates and better loans. ## Apply for a Loan for a new Benelli Today! While our cheap interest rates are always available, the discounted pricing and the Benelli stock is not. There is a limited time for the offers so don’t miss out. Think of what you could be doing with that saving of $500, $600 or even $700. Worth speaking with us to secure you loan asap. **To secure a cheaper interest rate motorbike loan to purchase a Benelli on sale, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Review Best Selling Cars for Buying Direction](https://jade.finance/blog/review-best-selling-cars-for-buying-direction) **Published:** September 30, 2022 **Author:** Publisher **Content:** COVID-19 has led to changes in many aspects of life. One in particular is in the way buyers go about selecting and purchasing a new vehicle. You could say it used to be a lot more fun. The choices were extensive, test drives aplenty and many buyers enjoyed the banter with dealers in negotiating the best price and the best trade-in deal. Possibly using another offer as a bargaining chip. These days, **with supply limited for many car makes and models, checking out the best selling cars data can be one way for buyers to identify availability expedite purchase.** The supply issue presents a major challenge for buyers as enquiries to dealers receive a waiting list response. The best selling cars figures are not a definitive guide to availability of vehicles but can be a starting point for buyers. Best selling cars for each month are reported by the FCAI and cover the VFACTS for that month for manufacturers and individual models. The report includes comparison with the previous year’s month as well as year to date comparisons. The latest best-selling monthly car figures have recently been released and we check out the results for the month of July this year. ## **FCAI Announcement** The best-selling monthly sales reported by the FCAI are for actual delivery to buyers of new vehicles only. The sales of second-hand vehicles are not include in the figures. The statistics for wait list and back orders are also not covered in the data. For July 202, the FCAI’s Chief Executive Tony Weber, reports a relatively flat result with only a 0.4% lift in sales compared with July last year. These figures, Mr Weber says indicate the market has not returned to pre-COVID, more normal levels. He repeated comments made over a number of months regarding the effect of the pandemic situation globally on the local new car market. In particular he note the impacts being felt both by vehicle and component suppliers and manufacturers. These relate to shutdown of factories, the issues around shipping and what he describes as ‘unpredictable logistics’. Those seeking to purchase a new car in the near future and would like a vast choice, may be disappointed to hear that Mr Weber does not expect the supply situation to stabilise soon. He also noted that on a global basis, not just here in Australia, the demand for new vehicles is continuing to outstrip the supply. ## **July Sales Overview** Sales in July this year compared with last year recorded a 0.4% increase. As has been the trend for some time, the market for passenger cars is down. This month -9.1% when compared with July 2021. The SUV market on the other hand continues its trend of rising popularity, recording a 6.4% rise, July 2022:July 2021. In no surprise to many, [Toyota ](https://www.toyota.com.au/)maintains its dominance across the manufacturers. Coming in second for the month was Mazda and then Hyundai. Following them Kia and Mitsubishi. The race between the two most popular work vehicles in the Australian market – HiLux and Ranger, is always a keen competition. For July it was HiLux coming out on top and quite decisively. HiLux selling 6,000 units while the Ranger sold less than 3,000. The Toyota RAV4 was the third best-selling model for July followed by the CX-5 from Mazda and Hyundai’s Tucson. Remember, these figures relate to the actual number of vehicles that buyers took delivery of in the month. Many dealers have extensive bulging order books and are awaiting delivery of stock. The monthly figures can reflect which manufacturers managed to get deliveries and deliver orders in that period. ## **Best-selling Models** Let’s drill down further in regard to the model sales and brand rankings for the year so far. The 10 best-selling models in the month: HiLux, Ford Ranger, Toyota RAV4, Mazda CX-5, Hyundai Tucson, Toyota LandCruiser then Corolla, followed by the D-Max, Mitsubishi Triton and Kia Sportage. In the race for best-selling brand for the year so far, as mentioned above, Toyota continues to lead well ahead of second position Mazda and fourth Mitsubishi. Then comes Kia and Hyundai, Ford, then MG and Isuzu, with Subaru ninth and tenth best-selling brand is Nissan. Electric vehicles appear to possibly be getting traction in Australia after a slow acceptance when compared with the take-up overseas. PHEV sales increased 77.8% when comparing June 2022 with 2021. EVs actually outsold PHEVs. What can buyers from the monthly sales figures? It would be bold to claim popularity based purely on one month’s figures considering the issues facing the market right now in regard to supply. But it may give buyers and inkling of an indication as to what brands have had recent deliveries and as such stock available. It may be worth contacting dealers as some buyers may not have proceeded with orders placed some months earlier. ## **Car Finance Update** Buyers seeking new vehicles which are in short supply may be aided by securing pre-approved motor vehicle finance. We offer this option across our car loan selection for the purchase of both [private ](https://jade.finance/car-loans/personal-secured-car-loans.php)and [business vehicles](https://jade.finance/business-loans/business-car-finance). Having the finance already secured allows buyers the opportunity to immediately commit to a purchase the moment they locate an available vehicle. This timing can be critical in low stock situations. Review the [better rates](https://jade.finance/car-loans/car-loan-interest-rates) we are currently offering, despite interest rates being on the rise or just give us a call for a quote. **Contact Jade Finance 1300 000 008 for finance to purchase a best-selling car.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Rejuvenate Your Business Finance for the New Financial Year](https://jade.finance/blog/rejuvenate-your-business-finance-for-the-new-financial-year) **Published:** June 2, 2021 **Author:** Publisher **Content:** After the past 18 months of COVID-induced business disruptions on top of the impacts of natural disasters on many regions, many operators will no doubt be looking to the new financial year as a time to restart, renew and rejuvenate their business. Reflect on those annoyances, pain points and regrets experienced over recent times and set yourself up to power and grow through 21/22 and beyond. Click here for more information on businesses reinventing their business models. Many of the pain points experienced by businesses are in regard to their financial situation. It may be equipment loans that are over-burdening your cash flow and holding back your plans for expansion. It could be your customers that are either having their own issues or just operate on ‘slow’ when it comes to paying your invoices. After a year of trading restrictions, you may be short on funds to implement plans to grow the business. You may be wanting to take advantage of tax benefits on offer to upgrade machinery, plant and equipment. There are many issues that businesses can face in regards to finance and we have solutions to address pretty much all of them. To start you thinking and formulating your plans, we’ll take you through the [equipment finance options which are available to assist your business](https://jade.finance/equipment-loans). ## **Asset Acquisitions: Equipment, Plant, Machinery, Vehicles** With the availability of the tax benefits on offer through temporary full expensing, IAWO and loss carryback, the focus for many businesses is on purchasing new assets. New equipment, plant and equipment to upgrade their operations, to increase output to meet growing demand and to improve productivity with better, more reliable machinery. For the purchase of all types of equipment used by businesses, for motor vehicles to be used in the business and for buying trucks, a range of finance products are available. - [Car Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) - Leasing - Commercial Hire Purchase - [Car Rent to Own](https://jade.finance/car-loans/rent-to-own-car-finance) or Rental These loan products are secured finance facilities where the asset is used, in varying ways, as security against the finance extended. Each offers tax-deductible elements and can be sourced at our cheap interest rates. The interest rate is fixed on all these loans which result in a fixed monthly repayment to assist businesses with cash flow planning and certainty over the years of the loan term. The interest rate varies on each loan type and [we have provided an Interest Rate Comparison Tool so businesses can compare repayments on each type of loan](https://jade.finance/personal-loans/interest-rate-calculator). ## **Non-Asset Purchases: Marketing, Services, Systems** Not all business purchasing requirements involve actual physical assets. Finance may be required to cover the cost of non-asset purchases such as the development and implementation of marketing plans, setting up new websites to provide online shopping, implementing IT systems for security, enhancing customer experiences and expand online service offerings and many other requirements. For these purposes, we offer both Secured and [Unsecured Business Loans](https://jade.finance/business-loans/unsecured-business-loans). This a general type of finance that can be sourced and structured at cheap interest rates to meet the individual requirements of a business. The interest rate can be fixed along with the loan term and repayments. This type of financing is extremely versatile and is designed to suit many general business requirements where an asset is not available. Security may be required in the form of property or other assets. Our consultants will work with you to secure a workable option that best meets your requirements. ## **Cash Flow and Debtor Support** Snap lockdowns and the sheer shock of the whole pandemic has brought into clear focus the necessity for businesses, especially SMEs, to be flexible and well-funded. Suddenly being unable to trade but still needing to meet regular outgoings such as wages, rent and supplier costs can be devastating. To assist businesses with short and long term cash flow issues, Jade Finance has access to non-bank lenders that provide extremely attractive rates on Business Overdrafts. If the bank has rejected your application for an overdraft, don’t worry. We can source you a quote from our non-bank lenders. A major impact on cash flow can be slow-paying customers. If you have to wait too long to receive payment your business can suffer immensely. If this is a problem, speak with us about our [Invoice Debtor Finance options for your business](https://jade.finance/business-loans/debtor-invoice-funding). ## **Equipment Refinancing Options** A new financial year is definitely a good time to review current finance arrangements. If a high-interest rate loan is holding your business back, then maybe it’s time to talk change! Refinancing options are available for all types of business loans and can involve a change of lender, change of loan type and most importantly, change to a cheaper interest rate and more workable solution. Whatever pain points your business has suffered in the past, perhaps it’s time for a panacea. Get sorted to thrive through the new financial year with cheap interest rate finance with Jade Finance. **To discuss business finance options, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Refinancing to Reduce Business Outgoings](https://jade.finance/blog/refinancing-to-reduce-business-outgoings) **Published:** December 1, 2021 **Author:** Publisher **Content:** Most businesses are constantly on the look-out for ways to reduce their operating costs without compromising on the quality of their product or service. In the current economic environment with government pandemic support pretty much stopped, labour shortages in some sectors causing wage growth or limited operating hours and other pandemic and global effects prevailing, keeping costs under control can be a key concern. Jade Finance assists businesses wanting to improve productivity and profitability by refinancing to reduce business outgoings. With lending rates currently at historic lows as the[ RBA](https://www.rba.gov.au/) continues with it monetary policy strategy, now could be a good time to consider refinancing existing business loans and finance to achieve a better operating outcome. In this article we cover off on some of the key features and details around refinancing for business. ## **Reasons to Refinance** While currently reducing operating outgoings and taking advantage of lower interest rates are two key motivations for refinancing, it also serves a number of other purposes, such as:- - When the business organisation changes. This may be when a partnership is dissolved and one party takes over the business or when a new party takes a stake in the business. When a business changes company status and other structural issues. If the party leaving was a party to a loan or put up security against the loan such as is often the case with businesses, this may trigger the need to refinance. - To secure a cheaper interest rate loan for finance that was arranged when rates were much higher. - When reviewing the overall debt position of the business and looking to improve the balance sheet. - To merge several loan commitments into one. - To achieve lower monthly loan repayments to take the stress off cash flow if turnover is currently compromised due to COVID restrictions. - To change the finance term in order to pay out the finance earlier to improve the business position or achieve a lower monthly commitment. - To switch to a different form of finance such as switching a Rent to Buy loan to a Chattel Mortgage contract. - Financing the balloon or residual at the end of the loan period. ## **How Refinancing Works** We have provided a detailed coverage of business finance refinancing but here are a few points to keep in mind. - This is a new loan arrangement and as such the usual lender fees and charges associated with securing finance will apply. - All the usual application processes and procedures will apply around risk assessment by the lender. - Break fees or penalties may apply and these need to be factored in as a cost component of the process. - Goods purchased new would be treated as used when refinancing as they would have been in use. - The refinancing may be sought from the same bank or lender as the original loan or from a different lender. - The finance product can be the same or [another product](https://jade.finance/equipment-loans) – Chattel Mortgage, Leasing, CHP or Rent to Own can be selected. - If thinking about refinancing with Chattel Mortgage with a view to claiming[ temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing), refer to the eligibility criteria. It is our understanding that to meet the criteria goods need to be acquired as new to the business and as such refinancing would not meet that criteria. - Refinancing is available for [motor vehicle finance](https://jade.finance/business-loans/business-car-finance), truck loans, marine finance, equipment finance, plant and machinery finance and for general business loans including overdrafts and secured and unsecured business loans. Refinancing can be arrange for asset loans with:- - Chattel Mortgage - Rent to Own - Commercial Hire Purchase - Leasing ## **Balloon and Residual Payment Refinancing** When the balloon or residual payment is due at the end of the finance term, refinancing is widely-used. This allows the business to further extend the repayment period with a new loan established without having to use cash reserves to finalise the amount. A new balloon/residual is an option when refinancing. ## **Achieving Lower Outgoings** One of the common motivations for refinancing is to reduce the monthly outgoings for the business. That is to make repayments on existing loans cheaper. When structuring refinancing loans, our consultants work with our customers to meet specific objectives. To achieve a lower monthly repayment, a longer loan term could be sought or a cheaper interest rate. Varying either of these loan components will deliver a reduced repayment. The costs associated with finalising the existing loan and establishing the new loan should be considered. Our cheap interest rates apply to refinancing in applicable loan categories so a lower rated loan is achievable. To see how refinancing may reduce your outgoings, head to our finance calculator for the specific category of loan you are after – motor vehicle, truck, equipment, commercial. By varying the values input, you will see how the repayments vary. Refinancing is widely-used across businesses in many industries and can be effectively utilised to reduce the monthly outgoings without having to compromise or adjust other business settings. **Contact Jade Finance 1300 000 008 to discuss refinancing your business loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [RBA Rate Rise Implications for Loans and Finance](https://jade.finance/blog/rba-rate-rise-implications-for-loans-and-finance) **Published:** March 21, 2022 **Author:** Publisher **Content:** It hasn’t happened yet, but a rise in the cash rate by the [Reserve Bank of Australia](https://www.rba.gov.au/) (RBA) is looking increasingly likely to occur in 2022. That is much earlier than has been expected as through 2021 the RBA had indicated ‘around 2024’ as when it expected economic conditions to be in place for an increase. Recent events, especially overseas and developments in Australian economic figures have increased the talk about an early rate rise. For those with goods under finance and those considering buying goods with loans it can be helpful to appreciate the RBA rate rise implications for loans and finance. Interest rates in Australia and in fact in most developed counties, have been cut to record lows due to the pandemic. In the US the Federal Reserve cut the rate to zero while in Australia, the RBA has held the cash rate at 0.1%, the lowest in history, since November 2020. But rates are set to rise and that will be a new experience for many Australians. The RBA has actually not raised rates since 2010. We background the anticipate rate rise by the RBA with a number of the key influences both locally and globally and provide tips for how those seeking new loans can be best-placed to achieve the cheapest interest rate offer. ## **Global Influences** Recent events from central banks in other countries have add weight to the prospect that the RBA will also act in the near future. The UK’s central bank has already moved and increased that country’s key rate. Last week the US Federal Reserve Bank also lifted rates amidst soaring inflation. This was the first occasion since 2018 that the Fed had increased the rate. Inflation has surged in the US to a much greater extent than the spike that has been experienced in Australia. But the moves by these two economies is seen by key economists in Australia as a sign that the RBA will also follow with a rate rise. ## **Inflation and Unemployment Data** You don’t have to be an economist to realise that inflation in Australia has increased. The rising prices on many everyday goods and especially fuel will tell you that. Inflation and unemployment are the two key economic figures that the RBA considers when making changes to the official cash rate. The RBA has given the targets for a rate rise to be inflation sustained at 2% to 3% and unemployment lower, approaching full employment. These targets were anticipated to be achieved around 2023-2024, the expected timeframe given by the RBA for a possible rise in interest rates. But the economy bounced back from the pandemic much faster than many had expected and this has caused inflation to spike. Adding to that, unemployment levels have continued to fall over the past few months. January figures were 4.2% and dropped to 4% in February in figures released last week. This data is now in, or at least approaching, the targets given by the RBA for a rate rise. ## **Implications for Loans and Finance** So what happens when the RBA raises the official cash rate? The banks and lenders respond by increasing their interest rates. Each will do this according to individual decisions and the amounts of any change can vary across lending markets, types of loans and lenders. For those with existing fixed interest rate loans for goods such as cars, [bo](https://jade.finance/boat-loans.php)[a](https://jade.finance/boat-loans)[ts](https://jade.finance/boat-loans.php), caravans, motorbikes and for business equipment, the rate and the repayments should not change. A major plus in securing fixed interest rate loans! Unlike with say a home loan where the rate may only have a short fixed period, the types of loans handled by Jade Finance have interest rates fixed for the entire term. For applications received for new loans and finance after any possible rate rise, they will be quoted based on the rates available at that time. Which is not so subtle way to say – if you’re planning to purchase goods or equipment with finance say this year – get moving if you want the cheapest rate. Interest rates are represented in what can appear as small increments. So if the cash rate increases by a percentage of a basis point, so what? Calculate that increase over say 48-60 months of a motor vehicle loan and see ‘what’. It can be quite a shock to some to see how much extra in repayments even the smallest difference in the interest rate can mean. To see this in action, head to one of our [Compare Interest Rates](https://jade.finance/personal-loans/interest-rate-calculator) calculators. ## **Tips to Avoid Paying Too Much on Your Loan** Hopefully this has motivated you into action to get moving and speak with us about your impending loan asap. Getting in now with a loan application and making that purchase can ensure your loan is priced at the current interest rates. No timeframe has been given by the RBA for a rate rise. Their next meeting is in a few weeks and the notes accompanying that meeting may provide insights into timing. To ensure your loan is protected from any future increases in interest rates, ensure you secure a fixed interest rate loan. Rates advertised by us and by other lenders are for loans to applicants with a good credit score and for the purchase of new goods. To ensure you are well placed to receive the cheapest interest rate available, maintain your [credit score](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) at a ‘good’ rating. Adhere to loan and credit card repayment schedules and pay utilities and other bills on time! And our top tip for achieving the cheapest interest rate loan, engage Jade Finance as your broker to secure you the cheapest offer. **Contact Jade Finance 1300 000 008 for a quote on purchasing a top seller or to discuss pre-approved motor vehicle finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [RBA makes it 10 in a row increases for interest rates. But a pause may be coming.](https://jade.finance/blog/rba-makes-it-10-in-a-row-increases-for-interest-rates-but-a-pause-may-be-coming) **Published:** March 7, 2023 **Author:** Publisher **Content:** At its monetary policy meeting on Tuesday 7 March, the Reserve Bank of Australia (RBA) Board announced a further increase for the cash rate of 0.25%. This makes 10 in a row increases in interest rates since the Board commenced tightening monetary policy in May last year. But there may be better news ahead with the situation getting closer to being suitable for pausing these increases. Dr Philip Lowe, the RBA Governor, made this comment in a keynote business summit speech the day following the Board meeting. In the speech, Dr Lowe also elaborated further on points raised in the 7 March Monetary Policy statement. Offsetting the optimism of the ‘getting close’ comment was the mention that further rate increases are likely in the coming months. The priority of the Board is to bring the high rate of inflation, 7.4% as per latest CPI from the [Australian Bureau of Statistics (ABS)](https://www.abs.gov.au/ "Australian Bureau of Statistics"), back to the 2-3% target. As mentioned by Dr Lowe, interest rate changes is the tool available to the RBA to achieve this objective. For those considering applying for loans and finance, an important tool available to ensure cheaper interest rates is using our broker style lender services as lenders in consumer loans and business finance follow the RBA decision with their own rises. To update on the outlook and forecast for inflation, the economy and especially interest rates, we’ve extracted and summarised a number of key points from Dr Lowe’s presentation and the March Monetary Policy Announcement. ## **RBA March Monetary Policy Statement** The statement announcing the [March cash rate decision](https://www.rba.gov.au/media-releases/2023/mr-23-07.html "Statement by Philip Lowe, Governor: Monetary Policy Decision") included the following points:- - Moderation in global inflation but it will be a while before rates return to targets. - Inflation in Australia appears to have reached its peak in the December quarter, based on inflation figures as released by the ABS. Weaker demand and global activities are expected to result in a moderation in prices for goods but prices for services are still very high. Rents in particular are increasing at very high rates. - Inflation forecast to fall for 2023 and 2024 but not near the top end of the target range, 3%, until around the middle of the following year, 2025. - Rate of economic growth has slowed with only a modest 0.5% increase in GDP for quarter ending December 2022 and 2.7% for 2022. Softer outlook for construction but investment by business has a positive outlook. - The risk of a dangerous spiral of prices-wages is considered low by the Board. But members will be remaining highly alert to the possibility and watching data and pricing behaviour of businesses closely. - Uncertainties continue, in particular about how quickly the levels of spending in Australia reflect the global trends and respond to the recent rate increases. Based on the uncertainty, the Board sees a different scenarios that could play out. - With the priority of reducing inflation, the Board said that more interest rates increases would be likely required. This statement typically is quite brief. Further insights into the Board’s thinking will be revealed when the fuller transcript of the meeting – the Minutes, are available later this month. ## **Comments by Dr Philip Lowe** While we await the Minutes, Dr Lowe did provide further elaboration and insights in his presentation to the Business Summit convened by the AFR. As a keynote speech it was lengthy with supporting graphs and charts. Those interested can read the [complete presentation](https://www.rba.gov.au/speeches/2023/sp-gov-2023-03-08.html "Inflation and Recent Economic Data") which is posted on the RBA website. As a brief summary, the points raised which are relevant to interest rates and monetary policy included:- - The damaging effects of high rates of inflation were detailed. - The RBA is using interest rates to ensure the current inflationary episode is temporary. - Increases in rates work through many channels but it can take some time for effects to be evident. - Interest rates are now in ‘restrictive territory’. - Further increases are expected. - The situation is getting closer to when a pause in increases would be appropriate. No timeframe was given. Decisions will be made based on the data which is available at the time and on the outlooks. The next interest rates decision is due in early April. ## **Interest Rates Outlook and Possibilities** As has occurred following each of the previous RBA rate decisions, the lending markets are expected to respond with varying increases to rates on different loan products. But, those responses will be varied depending on the competitiveness of the lender, exposure to certain markets, confidence and outlook for key lending areas, the forecasts of the lenders’ analysts and their internal policies and costs. **Jade Finance is accredited with multiple lenders in both consumer and commercial loans and we source the cheapest interest rates from across this large base**. We have access to more lenders to save customers time and hassle in securing [cheaper rates on car finance](https://jade.finance/car-loans/car-loan-interest-rates), recreational and leisure goods loans, truck loans and [business asset finance](https://jade.finance/equipment-loans/best-equipment-rates). Rates look set to be increased further. Buyers are strongly encouraged to move swiftly where possible to finalise purchases with finance before the next increases. **To secure cheaper interest rates on personal loans and business finance, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [RBA Holds Rates for Now. What it means for boat, bike, caravan and car loans moving forward](https://jade.finance/blog/rba-holds-rates-for-now-what-it-means-for-boat-bike-caravan-and-car-loans-moving-forward) **Published:** April 11, 2022 **Author:** Publisher **Content:** There is a change coming in the finance sector. Something that hasn’t happened for around 12 years. Interest rates are set for an increase. Interest rates have been a popular subject in the media over the past few months as the inflation rate has increased and many economists and others have ‘suggested’ that the RBA make their move and increase the official cash rate. At the April Board meeting, the RBA kept the rate on hold at the historically low level of 0.1%. But a change in the Board’s tone has been noted and many are tipping a rate rise in June. So what does all this mean for those seeking boat, bike, caravan and car loans? The RBA dropped the cash rate to the current 0.1% in November 2020 and has kept it on hold since then. The last time the rate was actually increased was in 2010. But the targets for unemployment and inflation that the RBA as repeatedly stated are close to if not already being reached. This data and the absence of the comment about ‘adopting patience’ in the [RBA April Monetary Statement,](https://www.rba.gov.au/media-releases/2022/mr-22-11.html) all point towards an imminent rate rise. This overview of the rates scenario is aimed at shedding light on the impact on consumer finance – boat, bike, caravan and car loans moving forward. We also cover off on a number of ways that those seeking loans can still achieve a cost-effective outcome after a rate increase comes into effect. ## **RBA Rate Decision** The RBA Board meets monthly to make a decision on the cash rate. This is a bank-to-bank lending rate but determines the interest rates offered across lending markets. Individual lenders set their rates according to their own criteria and costs. At the scheduled April 2022 meeting the Board kept the rate on hold, despite widespread calls for an increase. In announcing the rate decision, the RBA Governor, Mr Philip Lowe, noted the resilience of the Australian economy; pick up in business investment and consumer spending; and that inflation would increase as a result of prices for petrol and other goods. The central forecast is stated for unemployment to decrease further from the 4% current rate during 2022. Then remain at the lower rate in next year. The Board forecasts additional increases in the growth of wages but those will be gradual. As is usual, no specific timing was provided as to when the RBA may announce a rate rise. But it has said it will be assessing the additional information and data available shortly. The Board is seeking evidence that the current inflation scenario is sustainable in the 2-3% range, which is the target previously indicated. ## **Timeframe for Change** While the RBA did not give a date for rate rise, the major banks all concur that they think this will happen at the Board’s June meeting. What those seeking loans at some point moving forward should be mindful of, is that there may not be only 1 single rate rise. Some analysts predict the central bank may move on rates several times over say a six month period. ## **Loan Impacts** For those with fixed interest rate loans, there will be no change to those current loans. Those with variable interest rate loans may see an increase in their rate and hence repayments as a result of a rate rise. From our perspective, Jade Finance is completely committed to continuing to secure better interest rates and cheap loans across our portfolio. Our banks and lenders will make their individual decisions and moves in response to any rate rise by the RBA. Loans applied for after any rise will be quoted on current rates offered. Our consultants will source the cheapest rate from across our many lenders. If you’re wondering exactly how much difference a rate rise means – head to our [loan calculators](https://jade.finance/personal-loans/interest-rate-calculator) or interest rate comparisons. Play around with changing the rate by a small increment and see how that may change the car or boat loan repayment. ## **Tips for Securing Cost-effective Loans** We have been stressing the message for some time in our posts, that those intending to purchase goods with finance should act asap as a rate rise was looking highly possible this year. But for some, especially new car buyers, the stock supply situation has thwarted their efforts to purchase new vehicles. The same situation has been occurring in other markets also. Consider these few ideas to ensure you achieve the cheapest loans:- - Reconsider buying choices. If your preferred vehicle won’t be available for 6-12 months, then it could save you money on your loan if you go to option 2 on your buying list. Look around for new vehicles that are available for immediate delivery. - Keep [credit rating](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) in good order. The lowest interest rates advertised are traditionally for new goods and for applicants that have a good credit score. Keep your credit score in the good range to ensure you are in a position to be offered the best interest rate loan. - Concentrate on loan repayments rather than interest rates. Interest rates in conjunction with the term of the loan determine the repayments. But the monthly payment can be what determines an individual’s budget. Set a target for the loan payments you would like and discuss this with one of our Jade Finance consultants. We can work towards achieving that target through negotiating on loan terms with our lenders. You may also consider reducing the total amount borrowed by paying a deposit. That would also reduce repayments. - Take full advantage of our [finance broker services](https://jade.finance) to assist you in securing the cheapest loan offer. Whatever you’re purchasing plans and timeframe, our consultants are readily available to assist you in securing cheap car, bike, caravan and boat loans. **Contact Jade Finance 1300 000 008 for cheap consumer loans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [RBA December Rate Decision and Outlook. What it means for lending interest rates](https://jade.finance/blog/rba-december-rate-decision-and-outlook-what-it-means-for-lending-interest-rates) **Published:** December 14, 2021 **Author:** Publisher **Content:** For any individual or business looking to take out finance for a major purchase – car, boat, caravan, motorcycle, truck or equipment, staying across the interest rate scenario is top of mind. Interest rates in all lending sectors are determined, at least in part, by the official cash rate as set by the [Reserve Bank of Australia](https://www.rba.gov.au/) (RBA) as part of its monetary policy responsibilities. The bank’s board meets monthly (excluding January) to make a decision on whether to cut or increase the cash rate. The latest meeting was held on 7 December and Jade Finance covers off on the RBA December rate decision and outlook and what that decision means for lending interest rates in general. ## **December 2021 RBA Board Rate Decision** The December meeting was the final one for the RBA Board for 2021 and comes as the official rate had been held steady at the historic low of 0.1%. This 10 basis points rate has been in place since the last cut in November 2020. Calls from some economic analysts and others for the RBA to lift rates to cool the housing market have been rejected by the Governor of the RBA Philip Lowe on numerous calls. But a slightly different call has recently emerged – to lift rates in the face if inflation pressure. Despite opinions and commentary, the RBA held rates steady and here are major point which can be taken from the decision and the statement issued as explanatory notes:- - Official cash rate held at 10 basis points, 0.1% - Following the setbacks from the Delta outbreak, the economy is in recovery mode. - Substantial support via policy and from the high level of vaccination in the population underpin the recovery. - Spending from households continues to rebound strongly. - Improvement is seen in business investment. - The emerging Omicron variant of the virus is a source of some uncertainty. However, it is an expectation that this uncertainty and Omicron will not derail the economic recovery process. - The economy is expected to be back on the pre-Delta growth path in the first quarters of 2022. - As strong labour market recovering is being indicated by high job advertisement numbers and reports of businesses facing difficulties in hiring the number of workers required to fill job vacancies. - Growth in wages has pick up but that growth is at low rates and has only returned to pre-pandemic levels. Continued pick-up is expected due to tightening in the labour sector. - There has been an increase in inflation: underlying inflation 2.1%, CPI inflation 3%. - CPI inflation driven up by global supply chain disruptions, home construction cost rises and high petrol prices. - Forecast by the RBA is for 2.5% underlying inflation over the year 2023. The RBA has again repeated that its target to trigger a cash rate rise is improved employment figures and a sustained rate of inflation around 2-3%. At its next meeting, not scheduled until February 2022, the RBA Board will assess the economic indicators and global factors in relation to progress towards its goals of full employment and target inflation levels. Achieving these target is expected to take time and the RBA Board has stated it has the patience. ## **Lender and Loan Interest Rate Variations** While there is only one official cash rate, there are many variations on [lending interest rates](https://jade.finance/). Interest rates on similar loans such as for motor vehicles or equipment, vary from lender to lender. This reflects that particular lenders funding costs and their involvement in lending in that sector. Specialist lenders in a particular lending market can offer more competitive rates due to their special interest. Interest rates are also different for personal loans compared with business finance. Business rates are lower than consumer rates. Consumer also have Interest Rate and Comparison Rate to consider. Interest rates vary across different sectors – different rates can apply for say car loans v caravan finance; boat loans v motorbike loans; business vehicles v equipment. In the business equipment finance area, different rates can apply in different industries. Also in the business finance area, [different interest rates](https://jade.finance/car-loans/car-finance-calculator) apply to different finance products: Chattel Mortgage and CHP have the lowest rate, Lease is usually slightly higher and Rent to Buy the highest. ## **Securing Fixed Rate Loan Safeguards against Rate Hikes** While interest rates have been at historic low levels for over 12 months now, both businesses and individuals should avoid complacency. It is a certainty that rates will rise at some time in the future, possibly at least 2024 but it could come sooner. In order to avoid any rate rise increasing the costs of and repayments of a loan, loan seekers can focus on securing the cheapest fixed interest rate achievable while rates are at the lowest levels. This ensures the repayments will also remain fixed over the entirety of the fixed loan term. Fixed interest rate loans are available across the Jade Finance portfolio. Refer to our loan comparison rate charts and calculators. **Contact Jade Finance by phone 1300 000 008 for quotes on cheap interest rate finance and loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Rate Cuts and Your Loans](https://jade.finance/blog/rate-cuts-and-your-loans) **Published:** November 13, 2020 **Author:** Publisher **Content:** When the [Reserve Bank](https://www.rba.gov.au/) announced a cut to the official cash rate early in 2020 as part of its initial response to the effects of COVID-19 on the Australian economy, many analysts and observers thought that historic low rate of 0.25% would be as low as it would go. Others thought the RBA could do more. With our fixation on achieving the cheapest interest rates for our customers, [Jade Finance](https://jade.finance) stays across all fluctuations in rates and has kept a close eye on where things might go especially in the wake of the delayed Federal Budget announced in early October. When the RBA held their scheduled meeting in November, while many Australians were concentrating on the form guide for the Melbourne Cup, Jade was looking after your loan interests and awaiting the RBA announcement. The [RBA Governor, Philip Lowe, announced a cut of 15 basis points to place the official cash rate at a new historic low of 0.1%](https://www.rba.gov.au/statistics/cash-rate/). So what does this rate cut mean to your loan or your loan plans? We’re covering off on the main points to assist with your planning. ## **Explanation: RBA and Interest Rates** The RBA controls what is known as the cash rate or the official interest rate. This is not the ‘official’ interest rate that applies to business equipment and vehicle finance and consumer loans for such goods as cars, boat, bikes and caravans. It is the rate that banks pay for their borrowers either from each other or from the RBA. It determines how much lenders will pay for the funds that they need to then lend to people and businesses like you. So when you hear interest rates at 0.1%, slow down, Jade Finance will not be able to secure you a loan at a 0.1% interest rate. But it can be a positive sign for lower interest rates to flow on through our lending panel and onto our customers. Once the RBA announces these rate cuts, the ball is then passed onto the banks and lenders to pass on the rate cuts to their customers. At times in the past, some have been heavily criticised for not passing on the full interest rate cut. In this case, some banks and lenders have passed on some cuts to some of their customers. ‘Some’ has to be noted. Usually rate cuts apply predominantly to home mortgage holders rather than consumer goods loans and business asset finance such as we arrange at Jade Finance. That has been the case. Some lenders have passed on the cuts to some mortgage holders (not Chattel Mortgage holders) and some business loans. ## **Impact on Your Loan** At Jade Finance, we arrange the majority of our loans at a fixed interest rate. This is the accepted format for loans such as boats, [car finance](https://jade.finance/car-loans), bikes and caravans and for business finance for vehicles, trucks and equipment. Some unsecured loans, both consumer and business, may be arranged at a variable interest rate. We focus on achieving a [cheap fixed interest rate equipment finance](https://jade.finance/equipment-loans/best-equipment-rates) for a good reason. It allows our customers to plan their personal finances or their business cash flow in the knowledge and with the certainty that their loan repayments won’t change over the term of their loan. So if you currently have a fixed interest rate loan or finance through Jade Finance, we do not anticipate that there will be any change to the interest rate charged on your loan or to your repayments. Any fluctuations in interest rates by our lending sources on the various categories of loans that we offer, are reflected in adjustments that we make to our advertised current interest rate. This is a general guide only as all loan applications are addressed on an individual basis. The lender assesses your application in regard to the interest rate they will offer you and your Jade consultant negotiates with them to get you the lowest rate. ## **Action Options** - No action is required for our existing consumer loan customers as a result of the RBA rate cuts. - Those considering a bike, car, [caravan loans](https://www.jadecaravanfinance.com.au/interest-rates) or boat, historic low interest conditions are set to be in place for some time so now could be right for you to put your plans into action. - Business with existing finance on motor vehicles, trucks and equipment which was arranged at much higher interest rates may consider refinancing. Jade Finance handles refinance and can source you a quote to consider. - Business customers with general business loans, overdrafts and some other specialist finance may be impacted by the rate change. To discuss your particular loan, contact Jade or your lender. - Businesses considering new asset acquisitions to take advantage of the low interest rates and IAWO and other budget measures should contact Jade for a finance quote. We’ll stay across developments in interest rates and other conditions which may impact lending and post updates as information becomes available. **To discuss finance and loans for both business and consumer purchases please contact us and speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: THE INFORMATION, OPINIONS, DATA, POLICIES, PRODUCT SPECIFICATIONS AND OTHER CONTENT CONTAINED AND EXPRESSED IN THIS ARTICLE HAS BEEN OBTAINED THROUGH RECOGNISED REPUTABLE SOURCES, PRIMARILY IN THE PUBLIC DOMAIN. LIABILITY IS NOT ACCEPTED FOR ANY ERRORS OR MISINTERPRETATION OF SAID CONTENT. THIS CONTENT IS NOT INTENDED OR PROVIDED AS THE SOLE SOURCE OF INFORMATION OR AS SPECIFIC FINANCIAL ADVICE IN REGARD TO MAKING DECISIONS BY INDIVIDUALS OR BUSINESSES. THOSE THAT CONSIDER THAT THEY NEED PROFESSIONAL ADVICE SHOULD REFER TO A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Q&A Consumer Finance: Your Basic Questions Answered](https://jade.finance/blog/qa-consumer-finance-your-basic-questions-answered) **Published:** July 17, 2020 **Author:** Publisher **Content:** When it comes to arranging a loan to buy a car, boat, motor bike or caravan we understand that you might have a lot of questions about what you can and can’t do, what is and isn’t possible and what is the fastest and easiest way to get a loan sorted. You might have a lot of basic questions and we have the answers. Welcome to our first Jade Finance Q&A on Consumer Finance! ## **First, let’s define consumer finance.** - Consumer finance refers to loans by individuals to purchase goods such as cars, boats, bikes and caravans, for their own private use. - Most consumer finance is offered by a Personal Secured Loans or an [Unsecured Personal Loan](https://jade.finance/personal-loans/unsecured-personal-loans). Refer to our web pages for full details on these loan types. - Consumer finance is different in many aspects from business finance. - Consumer finance is covered by laws and [regulated by ASIC](https://asic.gov.au/for-consumers/loans-and-credit-cards/). Refer to our article on these regulations. Now for the questions… ## **Can I use your finance broker services?** - Both individuals and businesses can access the services of a [finance broker](https://jade.finance/personal-loan-broker) such as Jade Finance. - You just call us and you will be assigned a consultant who will handle your loan requirements. ## **Wouldn’t it be easier for me to just phone a bank or finance company for a loan?** - Not necessarily. Banks and some lenders have strict guidelines over personal loans. If you don’t meet all their conditions, you may be offered a higher priced loan or not be offered a loan. - Jade Finance has access to all the major Australian banks and many, many lenders. Our consultants know which lender is offering the best loans at any one time to suit your requirements. - With our bargaining power, we have the ability to negotiate the [cheapest interest rates for personal loans](https://jade.finance/personal-loans/best-personal-loan-interest-rates). ## **Should I accept the loan offer from the dealer?** - Not necessarily. Some dealer finance includes commissions, high fees and charges. - We advise getting at least another quote from Jade Finance to compare. We consider, in most cases, we can source more competitive loans than many car and boat dealers can offer. ## **I’ve been offered a 0% interest rate loan. Isn’t that the cheapest deal?** - Not necessarily and in most cases NO. - 0% interest rate loans tend to be a sales tactic used by some sellers to attract buyers. - They can include inflated prices for the goods, much higher loan fees and charges and/or the low interest rate may only be for a short period after which a much higher rate kicks in. - Study the detailed fine print of such an offer, ask for an itemised list of all fees and get another quote on your loan from Jade Finance to compare. ## **Do I have to pay a deposit?** - There are two ‘deposits’ to consider – the deposit that a seller may request to confirm your sale and a deposit that may be requested by the lender. - Some lenders will require borrowers to pay a deposit on their purchase. This will be determined by your individual application and the goods you are purchasing. - We can achieve no deposit loans in some cases. ## **Can I decide how long I want to repay my loan?** - Some lenders will have set timeframes for certain loan types. - Most consumer finance loans are 4-5 years with some boat loans up to 7 years or longer for higher value boats. - The loan term will be determined by the lender based on the age, condition and value of the goods. - You can advise your Jade Finance consultant what you have in mind for your loan term and your consultant will work towards negotiating those terms with the lender. ## **Can I decide what monthly repayment I want?** - You should work out your budget before applying for a loan so you know how much you can realistically afford to repay each month. - You then advise your Jade consultant of this figure so we can work towards structuring your loan to suit your requests. - The loan repayments are determined in part by the loan term. So they go hand in hand. - If you want to reduce the monthly repayment on the loan offer you have received you can choose to pay a greater deposit to reduce the overall loan amount or request a longer loan term. ## **How long will it take to arrange my loan?** - It’s difficult to provide an exact timeframe, but usually we can provide loan quotes within 24 hours. - Jade Finance provides a fast approval service to expedite loans so you can commit to your purchase. - Having all your paperwork ready – financials, pay slips, bank statements etc – will greatly speed up the process. ## **How do I find out how much I might have to pay on a loan before I commit to a purchase?** - We have provided [personal loan calculators](https://jade.finance/personal-loans/personal-loan-calculator) for exactly that purpose. - Jade Finance Calculators are available on our website – flick over to those web pages and see how they work. - You simply enter the details of your purchase and your loan and you will receive a rough ballpark estimate on loan repayments. - This is a generic device and is only an estimate and not an offer or quote. Please read the disclaimer and terms and conditions for our calculator. That concludes this issue of Jade Q&A, we hope we have helped answer some of your queries and you are now confident to call us and discuss your loan requirements. **To discuss a loan for your consumer purchase contact Jade Finance 1300 000 008** *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. INFORMATION ON INDIVIDUAL VEHICLE SPECS IS SOURCED FROM THE MANUFACTURER WEBSITE. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [Putting all Finance Options on Your Table](https://jade.finance/blog/putting-all-finance-options-on-your-table) **Published:** November 3, 2021 **Author:** Publisher **Content:** How often have you heard leaders, negotiators and policy makers in a range of circumstances say they have ‘all options on the table’? During the pandemic response we’ve heard it quite often as authorities across the world grapple to find the right mix of measures to combat outbreaks at a local, regional and national level. While in some contexts this phrase can come across as a delaying tactic or a move to please all sides of the argument. We assure you, when we say we have all options on the table, we are presenting a positive and proactive prospect to the needs of business. When it comes to business finance, Jade Finance assists business owners and operators to achieve their objectives by putting all our finance options on their table for consideration. Not all businesses are created or structured equally and not all needs are met by the same finance product. As businesses across Australia face the much-anticipated prospect of re-opening and/or approaching the new normal, ‘living with Delta’ business environment, it may be time to assess all suitable finance options. Just as the Prime Minister and Treasurer remind of their targeted response to many issues around the coronavirus pandemic, we remind businesses of the targeted finance products provided by Jade Finance which are structured to respond to specific business requirements. ## **Finance to Support Reopening Cash Flow** While there has been a range of grants and support measures available to businesses at different stages of the pandemic, we fully understand that many will not be in the ideal financial position after an extended lockdown or restricted trading time. Cash flow shortages may exist for many businesses as they start reopening and ramping up operations. We invite you to consider our [Lender Overdraft finance](https://jade.finance/business-loans/business-overdraft) as a possible solution to cash flow issues. We source overdrafts through our non-bank lenders at highly competitive interest rates to assist businesses on a short and longer term basis. ## **Restocking Finance** Many businesses may be understocked at this time. Possibly unable to restock due to global supply issues or reticent to maintain normal stock levels in the face of the uncertainty. With consumers about to be allowed greater freedoms to get out and spend, now could be the time to restock your inventory. But the timing may coincide with depleted cash reserves and a finance solution is sought. We provide individually tailored business loans which may be suited to restocking inventory. Depending on the type of stock being purchased, loans can be provided on a [secured or an unsecured basis](https://jade.finance/business-loans/best-business-loan-interest-rates). Our consultants negotiate with our lenders to achieve both the cheapest interest rate and the most suitable loan term for each of our customers. Achieving a workable solution that will deliver profitability prospects for the business. ## **Mitigating Risk Finance** This upcoming new era will come with a level of uncertainty on many fronts. One of key concern will be the response from your customers in ordering and paying for goods and services. Not sure how your customers are faring financially at this time? A bit unsure if they will be in a position to pay your invoices? To mitigate or at least minimise the risk of late-paying customers, we provide Debtor Invoice Funding. This is a specialist business finance product where we negotiate with one of our lenders to take on the invoice schedule for our customers. The lender pays the business an agreed percentage of the value of invoices at the time the invoices are raised and the balance when they receive payment from your customer. The business is assured of a reliable flow of funds for a relatively small cost in terms of interest on the outstanding balances and lender fees. We structure this type of finance to specifically suit individual requirements so a tailored solution is achieved. ## **Financing Large Premiums** Just getting back into trading as relatively normal, feeling good and what hits your inbox – the invoice for a large insurance premium. Payable now and in full. What??!!! How am I going to pay that now? Yes it is a reality that many businesses face every year. But it doesn’t have to be such a nightmare. Speak with us about how Jade Finance is assisting businesses with our [Insurance Premium Funding](https://jade.finance/insurance/insurance-premium-funding). We have lenders that offer very attractive interest rates on finance which allows businesses to spread large insurance premium payments over several rather than one repayment. ## **Finance for the Unforeseen** The past nearly two years have taught business operators many lessons. One key take-out is that the unexpected and unforeseen can definitely happen. As the economy rolls-out and rolls-into its next phase, businesses will no doubt be called on to tackle many challenges. Challenges around COVID outbreaks in the workplace, engaging lawyers and consultants to advise on vaccination rulings and workplace policies, supply chain issues and possibly more. Jade Finance provides a range of flexible and cost-effective finance solutions to meet the challenges faced by businesses in a wide range of circumstances. Solutions sourced from a vast selection of both banks and non-bank lenders from reliable, highly experienced lending specialists. Navigating the system for grants and other assistance has been a challenge in itself and for some, a challenge to far. We fully understand that businesses want fast and reliable access to finance that doesn’t involve convoluted processes and endless confusing websites and systems to overcome. Our Jade Finance service delivers solutions and access to cheap interest rate finance with a fast, advanced and reliable system and processes. We have the resources to put all the finance options on your table and we’re at your service. **Contact Jade Finance 1300 000 008 to discuss the finance solutions available for your business challenges.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Prospect of Rate Rise Puts Refinancing on Business Agenda](https://jade.finance/blog/prospect-of-rate-rise-puts-refinancing-on-business-agenda) **Published:** April 19, 2022 **Author:** Publisher **Content:** Despite the RBA repeatedly stating it was prepared to patient over the last year and fending off comments for the Board to act and raise rates, the time does finally seem to have just about arrived. The time for the current historic low interest rates to be consigned to history once more. The [RBA](https://www.rba.gov.au/) is expected to increase the cash rate, possibly several times over the course of the rest of this year, starting possibly as soon as June. With the prospect of higher lending rates ahead, many businesses are focussing on refinancing equipment and business loans to ease cash flow while rates are low. The economic conditions are in the target zone for the RBA to act with the March unemployment figures coming in at 4%, steady with the February rate. But inflation is continuing to increase. These are the conditions that the RBA had suggested would trigger a rise. To take that final advantage of the current historic low rates, business may consider refinancing a range of existing loans. For those that have not previously refinanced, there may be a range of doubts and queries around what it involves, if your business and the equipment is eligible and if refinancing can be arranged within a short timeframe. As specialist business lenders, we are extremely experienced in sourcing and structuring cost-effective refinance for a [range of loan types](https://jade.finance/business-loans/best-business-loan-interest-rates). We provide clarification of a number of issues around refinancing to assist business owners. ## **What Refinancing Involves** It may sound complex but the process of refinancing can be a straightforward as sourcing and applying for the current loan arrangement with a few additional considerations. - It involves sourcing a new loan to replace the current loan. - A loan application is completed and our Jade Finance consultants source the most suitable cheapest finance quote. - Subject to lender requirements, the refinanced loan amount can envelope the full amount outstanding on the current loan – the repayments and any residual or balloon as applicable. - All business types including sole traders and SMEs are eligible to apply for refinancing. - A wide range of business loans can be refinanced including:- [motor vehicle finance](https://jade.finance/business-loans/business-car-finance), truck loans, [equipment finance](https://jade.finance/equipment-loans), business overdrafts and secured and unsecured business loans. - Refinancing can be sought through the same lender that holds the current loan or through a different lender. There is no commitment to refinance with the existing lender. As we are accredited with many banks and non-bank lenders, we offer customers a vast choice in regard to lenders. ## **Selecting Loan Type for Refinancing** The same finance product which was used for the current loan does not have to also be selected for the refinanced loan. For finance on assets such as motor vehicles, trucks and equipment, businesses can decide between Chattel Mortgage, Lease, Rent to Own and Hire Purchase. The decision will depend on which offers the greatest benefit to and suits the individual objectives of the business. Securing [cheaper interest rate finance](https://jade.finance/equipment-loans/best-equipment-rates) is a key reason for change or refinancing and particularly in the current interest rate scenario. Chattel Mortgage and Hire Purchase attract a lower rate than Lease and Rent to Own. Changing the finance product through refinancing may be a practical way to achieve that lower rate. The interest rate offered on a refinanced loan will be based on the rates at the time the loan is quoted. That means the current rate. Depending when the current loan was established, that could represent a considerable reduction. The rate offered on refinancing will be also arrived at based on the specifics and credit profile of the applicant. If a business has for example significantly improved a credit score since the time they applied for the current loan, the interest rate offered on refinancing may be significantly better. ## **Estimating Refinance Repayments** Securing a lower figure in monthly loan repayments can be a common reason to pursue refinancing. Cash flow pressures are impacting many businesses and that may be eased through lowering recurring outgoings such as finance repayments. Our consultants work with our customers and lenders to negotiate on suitable loan terms and rates to achieve the target finance repayment amount. Use our calculators to receive estimates on what may be achieved. Being mindful that the charges to pay out the current loan early and establish the new finance need to be allowed for. Be Mindful Of….. Refinancing can be a strategic move to ease cash flow, secure lower interest rate finance or to restructure finance to better suit the business. But the process should be considered in context and being mindful of:- - Charges by the lender for finalising the current loan early plus the new loan fees. - Temporary full expensing would not apply to refinanced goods as that measure relates to new not existing assets. - The assets being refinanced, despite originally being acquired ‘new’ would now be considered by lenders as ‘used’. In some cases, the interest rate on second hand goods may be higher than for new. With Jade Finance handling your refinancing request, the process can be dealt with promptly, smoothly and with minimal time and effort on your behalf and deliver considerable benefits to your business. **Contact Jade Finance 1300 000 008 to discuss refinancing existing business loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Preparing for first caravan shows of the new year with pre-approved caravan loans](https://jade.finance/blog/preparing-for-first-caravan-shows-of-the-new-year-with-pre-approved-caravan-loans) **Published:** January 13, 2023 **Author:** Publisher **Content:** The traditional summer holiday season is in full swing with many caravan and RV owners enjoying their time away with family and friends. But if you missed out on purchasing a new RV in time for this season, if you’re finding your current model needs upgrading or if the caravan lifestyle is calling you for the new year, then now could be time to get serious about the purchase. **The caravan show season starts in early February and pre-approved caravan loans can assist buyers to purchase quickly and capture special offers at these events**. Especially stock that is available immediately! Something that has been a rarity in the caravan market over the past few years. These events – caravan expos, lifestyle shows, outdoor expos etc, are extremely popular with both buyers and exhibitors. Exhibitors have the opportunity to showcase new models and innovations to large numbers of customers in the one place. While buyers can connect with large numbers of manufacturers and inspect their stock in the one place. But event attendees that are genuine about buying at the show, should come prepared. Prepared with the show guide marked-up with where key exhibitor are located and prepared with the caravan loans. We can assist those buyers with pre-approved loans to ensure no opportunity is missed due to uncertainty around if they may be approved for finance and what that finance may cost. In this preview to the 2023 caravan season, we provide details of the first major shows and what’s involved in applying for and securing pre-approved caravan loans. ## What’s on to start 2023! The caravan show calendar starts in the first week of February and continues right through the year. Here are the details for some of the first big shows to note and start planning for. Newcastle: February 3-5, 9am to 4pm each day. [Caravan Camping and Lifestyle Expo](https://www.caravanexpo.com/) at Newcastle Showgrounds. This is very popular event covering 3 massive days and including more than 150 exhibitors. Tickets need to be purchased in advance via the online portal. Adults $16, Concessions $12, Children under 16 free when accompanied by an adult. Plenty of free parking! Melbourne: February 22-26, [Victoria Caravan, Camping and Touring Supershow](https://www.caravanshow.com.au/). Melbourne Showgrounds. Hours: Weds, Thurs and Sun 9.30am-5pm; Fri and Sat 9.30am-6pm. Tickets are available for sale online now, Adults $26, Concessions $21, Children 15 and under are free when accompanied by an adult. In addition to a great line-up of exhibitor, this Supershow includes educational sessions, towing and weights demos and entertainment. Perth: March 22-26, [Perth Caravan and Camping Show](https://caravanandcampingshow.com.au/) Claremont Showgrounds, open 9am to 5pm each day. Tickets: Adults $25, Concessions $18, Kid 16 and under free with an adult accompanying. More on this show as the date approaches. The biggest show of the year is of course the Sydney Supershow at Rosehill in April and we’ll cover that in more detail later in the year. For now, it’s time for those heading to the Newcastle and Melbourne shows next month to arrange their caravan loans. ## Pre-Approved Caravan Loans For those that have never pre-arranged finance before, we’ll go through the details so they are totally clear on what is involved and how easy and streamlined our consultants make the entire process. The application process follows the same steps as when applying for finance after the decision to purchase, we’ll call that post-purchase. Pre-approved [caravan loans](https://jade.finance/caravan-loans) details include:- - Available on all types of new caravans and RVs - Loan type is a Secured Caravan Finance where the caravan is the security or guarantee against the finance amount. - While the final make/model may not be known when applying for pre-approved finance, an indication of the vehicle and the expected amount required for the loan would be indicated by the loan applicant. - The estimated loan amount may include the total purchase price of the RV plus accessories, extras and optional packs which are ordered from the same dealer at time of purchase, subject to lender approval. - As the final specs of the vehicle may not be known, it can be advisable to apply for a higher rather than lower loan amount to ensure all extras are covered. - The exact amount required for the loan is finalised when the purchase is made and the dealer invoice is supplied to our consultants for loan settlement. - The interest rate applicable to pre-approved caravan loans would be the same for that applicant if the loan is applied for post-purchase. - The interest rate offered for individual caravan loans are based primarily on an assessment of the individual’s creditworthiness including a review of the credit rating and financial position. - Interest rates may differ for used caravans. - With pre-approved caravan loans on Secured Caravan Finance, we ensure a fixed and cheapest interest rate and a fixed finance term. This ensures a fixed monthly finance repayment amount. The rate, term and repayment would remain unchanged even if the RBA or the individual lender increases interest rates during the finance term. Pre-approved caravan loans are offered for a specific time period after which that offer expires. If required at a later time, it would be requoted. While delivery times for custom-built and built-to-order caravans may be lengthy, pre-approved finance is still a great way to clarify what a loan for a particular model may involve. ## On the Spot Caravan Loans Estimates For those that find themselves interested in a caravan while attending a show but did not get around to applying for finance prior, having our [Finance Calculator](https://jade.finance/caravan-loans/caravan-loan-calculator) easily accessible on your mobile device can help. Quick estimates on possible loan repayments can be calculated while right there at the show. Ensure you’re ready for the 2023 caravan show season by speaking with us about pre-approved caravan loans in the lead-up to the event. **Contact Jade Finance 1300 000 008 for pre-approved caravan loans to prepare for the 2023 lifestyle expos** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Prepare to Nail the EOFY Sale For Your Car Loan!](https://jade.finance/blog/prepare-to-nail-the-eofy-sale-for-your-car-loan) **Published:** May 12, 2021 **Author:** Publisher **Content:** It’s June and for bargain hunters, it is bonanza time. In both the consumer goods and business equipment markets, the traditional end of financial year sales can represent excellent opportunities to buy much-wanted or much-needed items at a reduced price. After a year of seemingly rolling lockdowns and restrictions and the 2020 EOFY sale events primarily moving online, 2021 offers the chance to get out and about and actually see in person what is available. But before rushing out the door, it’s time to offer some reminders to those seeking to nail the sale. Sale time should not be an excuse to act irrationally or out of character with total disregard for one’s usual attention to detail when making major purchases. Following all the usual due diligence and best practice guidelines is essential to optimising a cut-price deal. The key to being able to act quickly to snare items with limited stock availability is having your vehicle loan with [Jade Finance Australia](https://jade.finance) sorted ahead of time. In our annual EOFY issue, we offer tips, hints and ideas to ensure you get the most from this year’s EOFY sales. ## **Finding a Car Finance Deal** Where will you find the best deals this year? Traditionally, most sectors are up for an EOFY sale but the effects of the coronavirus pandemic on certain industries over the past year may change the scenario. The motor vehicle sector is a usually big up-taker of the EOFY sale. Car sale signs can be usually seen across many makes and models and in the motorcycle market and it can be expected that would happen again this year. As a result of the Federal Budget measures, there will be a major promotion of IAWO and temporary full expensing for buyers of business vehicles. The opportunity to take advantage of these measures does not represent a ‘sale’. These measures are available to eligible businesses for eligible asset acquisitions. But the vehicles need to be financed with the appropriate finance product and that is Chattel Mortgage. The same applies to truck purchases. The accelerated asset depreciation benefits apply regardless of from which dealer or manufacturer you purchase the equipment. Eligibility is based on business turnover, aspects of the equipment and the finance product used. Several manufacturers are already advertising EOFY sales and more will emerge in the coming weeks. The caravan industry and the boat market have both experienced record sales over the past year due to a surge in demand as a result of COVID-19 restricting the travel plans for many. Stock is reportedly low from some manufacturers, so you may not find the usual sales in these areas. But with our low interest rate loans, we can make even everyday prices an affordable option. Equipment dealers usually want to move stock rather than count it, as they say, for their end of year stocktake. The construction sector has been exceptionally busy over the past year as governments continue to invest in home building and infrastructure to stimulate the economy. Many equipment manufacturers across construction, agriculture and other heavy equipment markets have continued to launch new products into the market over the past year. That could mean sales are in the offering. ## **Car Buyer Beware Tips** ### When approaching an EOFY or any other sale, it is always worthwhile to keep the classic buyer beware messages in mind. Here are just a few to get you in the right mindset: - Buying online is convenient but is not always without its pitfalls. Frauds and scams are always happening and [checking with the ACCC for the latest news and updates can be a good way to stay aware](https://www.accc.gov.au/ "More information"). By using our lender services to arrange your finance, we can provide assistance with checking seller ID and verifying the rightful owner of the goods and their authenticity. - Checking the specific detail of the deal should be standard practice for sale surfers. There are often reports of sellers inflating prices prior to sale time, so the discount offered appears more significant than it actually is. Comparing prices across the market can pay off. - Ensure you fully understand what you are getting for less or for free in the deal. Is it just free servicing or some optional accessories and extras that you wouldn’t normally order and don’t actually want. If so, you could do a better deal by buying the full-priced standard model rather than the optioned-up sale model. - If it looks and sounds too good to be true, chances are – it is! ## **Vehicle Dealer Finance Pitfalls** One of the ‘sale’ types that always catches our attention are those in relation to finance and loans. Please refer to us for a quote to compare before signing up for finance offered by the seller. Often these promotions will be for a very low or zero interest rate. But the fine print reveals that rate is only for a very short time after which an over-what-you-can-get-elsewhere rate kicks in. Overall you end up paying far more in total interest. Always ask for the total cost of the loan so you have real figures to compare and know how much total interest you will pay over the term of the finance. [Using our car loan interest rate tool can assist you to quickly compare cheap deals Australia wide](https://jade.finance/car-loans/car-loan-interest-rates). ## **Pre-Arranging Car Finance** Being prepared is key to snaring the deal. We offering pre-approved finance and loans across all our finance categories and on all our loan types and finance products. It’s obligation-free so if you change your mind and don’t buy, it’s not a problem. ## **Car Loans for Discounted Goods** The same consumer loans and business finance products are available for full-priced goods as for those purchased during a sale event. ### Our selection includes: - [Secured Car Loans](https://jade.finance/car-loans) - [Personal Car Loan Options ](https://jade.finance/car-loans/personal-secured-car-loans) - Chattel Mortgage for business vehicles, trucks and equipment - Leasing for business vehicles, trucks and equipment - Commercial Hire Purchase for business vehicles, trucks and equipment - Motor vehicle, truck and equipment Rent to Own - Low Doc and No Doc business finance across all our markets Jade Finance provides quick quotes and fast approvals to assist our customers to secure EOFY sale items as quickly and efficiently as possible. Nail the sale using our [car finance repayment calculator](https://jade.finance/car-loans/car-finance-calculator) and our Australia wide lending services. **To prepare for EOFY sale, contact Jade Finance 1300 000 008 for pre-approved low interest rate finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Pre-approved is Key to Preparedness](https://jade.finance/blog/pre-approved-is-key-to-preparedness) **Published:** November 3, 2021 **Author:** Publisher **Content:** As we watch with eagerness as the counter clicks up to the targeted 70-80% fully vaccinated and the promised less restrictions than we are currently experiencing, many are preparing wish lists of purchases. Denied from purchasing our desired goods by lockdowns, showroom closures, border closures and other restrictions, many of us will be ready to get out and finally get that in-person experience to purchase. It’s highly likely that the rush will be on to buy cars, boats, caravans and motor bikes in the weeks and months ahead. While there have been many options available to purchase via online platforms, for many people and many purchases, that in-person buying experience is key. Test driving cars and motorbikes and enjoying a full demo of a boat can be essential and sometimes makers or breakers in the buying process. But also key is being totally prepared to buy or place your order with your finance in place. And that preparedness is made possible through our Jade Finance pre-approved loans. Why the need for speed? Well there are a number of other factors playing out that may result in limited availability of the make or model that you have your sights set on. Issues with supply of components such as computer chips is hitting the motor vehicle manufacturing sector on a global basis. This has led to many large-scale car makers including the big names – [BMW](https://www.bmw.com/en-au/home.html), VW, Mercedes-Benz, [Toyota](https://www.toyota.com.au/) to name a few, having to cut back or slow production. Only recently Toyota announced a 40% cut in production in some factories due to the issues. As designers of cars, bikes and other goods up-spec their tech, the demand for computer chips in many components of today’s vehicles is increasing. With production behind schedule, so is the availability of many makes and models on the local market. New model launches are still happening but you will notice delays and postponements from many brands. With stocks low, competition will be fierce to capture what is available. That means buyers will want to be 100% ready to sign the sales contract on their first showroom visit. A delay in having to see the goods then go away to organise a loan might mean missing out. Jade Finance assists buyers with [pre-approved loans](https://jade.finance/) so they are prepared to commit immediately. We explain what this service offers and how you can apply today for a pre-approved loan. ## **Pre-Approved Loans across All Categories** We provide pre-approved loans across all our loan categories and for both business and private buyers:- - [Pre-Approved Secured Car Loans](https://jade.finance/car-loans/personal-secured-car-loans) - [Pre-Approved Secured Boat Loans](https://jade.finance/boat-loans) - Pre-Approved Secured Motorbike Loans - Pre-Approved Secured Caravan Finance - [Pre-Approved Business Vehicle Finance](https://jade.finance/business-loans/business-car-finance) - Pre-Approved Truck Loans - Pre-Approved Equipment Finance The interest rates achieved on pre-approved loans are the same as for loans applied for after purchase. The interest rate offered by a lender on a particular loan is assessed on review of the application and not the timing of when the application was made. Interest rates differ across the categories of goods and for [personal](https://jade.finance/personal-loans/interest-rate-calculator) and [business](https://jade.finance/business-loans/best-business-loan-interest-rates) purchasers. That means a different interest rate may be available on motorbike loans compared with cars or boats or caravans. These variations reflect differing aspects around those markets. You can use our loan calculators to calculate repayment estimates for pre-approved loans, ensuring you are using the right calculator with the appropriate interest rates for that market. All features and benefits of each our loans are consistent for pre-approved and post-purchase loans across our portfolio. The main business finance facilities – Chattel Mortgage, Leasing, Rent-to-Own and Commercial Hire Purchase are all available as pre-approved finance. The main difference with pre-approved loans is in knowing ahead of time the exact amount you will require for the loan total. We address that in the next section. ## **Fast, Simple and Easy Process** Pre-approved loans are applied for using the same loan application process and criteria as for loans applied for after you’ve made a deal with a seller. The key difference, as alluded to above, is in nominating the exact loan amount. When a buyer negotiates a final purchase price with the dealer and then applies for a loan, the exact amount they require for the loan is known. Most new goods dealers will provide a written quote with the specifics detailed. At the time of applying for a pre-approved loan that information is not known. So an estimate of the loan amount can be made for the application. The RRP of many cars, boats, caravans and bikes can be easily sourced either online or by a quick phone call to a dealer. That estimate can be used when applying for a pre-approved loan. The buyer can then proceed with their purchase process with their loan approved to that amount. When the deal is done with the seller and the seller’s invoice presented to our Jade Finance consultant, the loan amount is amended to the exact amount required and the loan finalised.. Our quick quotes and fast approvals service is available for pre-approved loans so you will know asap how much you are approved for and can then proceed to buy. There is no obligation with pre-approved loans. So if you change your mind or can’t secure the goods you want in the timeframe of the pre-approved loan – that is not a problem. ## **How to Apply for Pre-Approved Loans** The same eligibility and criteria apply for pre-approved loans. For consumer loans you will need to be over the age of 18 years and provide information and documentation around employment, residential situation, finances and other matters as set out under Consumer Credit Law. You can apply via our online application form or quite easily over the phone with one of our consultants. Our full service, broker-style lender service applies to pre-approved loans. You will have one of our consultants handling all aspects of your loan and negotiating hard with lenders on your behalf to achieve the cheapest interest rate and most amenable loan term and conditions for your requirements. So if you want to be well-prepared for the post-lockdown purchase, speak with us about how we can assist with pre-approved finance. **Contact Jade Finance 1300 000 008 to discuss pre-approved loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Pre-approved Equipment Finance for Industry Expos & Trade Shows](https://jade.finance/blog/pre-approved-equipment-finance-for-industry-expos-trade-shows) **Published:** May 23, 2022 **Author:** Publisher **Content:** The past few pandemic years have wiped many of the industry expos, trade shows and fairs off the agenda. With borders reopened, especially to international manufacturer and supplier visitors, the business events calendar is once again packed with great shows and opportunities. For business owners attending trade shows and expos with the intention to purchase, arranging pre-approved equipment finance can present advantages. Benefits including being able to establish a budget for equipment acquisitions, short-listing makes and models within the budget, being in a position to order on the day, take advantage of show specials and shorten the time between ordering and taking delivery. These types of shows offer ideal opportunities to see and demo the latest technology, innovations and systems in particular industries and are very popular and well-attended. Representatives are usually equally keen – to sell. So having finance pre-arranged may put buyers in the ideal position to strike a great deal. Jade Finance provides [plant, machinery and equipment finance](https://jade.finance/equipment-loans) across all industries and for all types of businesses. So we’ve compiled a list of upcoming business events which cover many industries for the interest of many of our customers. Plus we’ve included information on the pre-approved finance options available. ## **Upcoming Industry Shows, Expos and Fairs** There are many events in the calendar, here are a just a few to consider:- - [Australian Manufacturing Week](https://australianmanufacturingweek.com.au/), ICC Sydney, 7-10 June - Sydney Build, ICC Sydney, 1-2 June - AgGrow Emerald Field Days, 23-25 June, Emerald, Qld - Mudgee Small Farm Field Days, 8-9 July, Bombira NSW - Hair Expo, 12-13 June, Carriageworks Sydney - Aust Wool & Sheep Show, 15-17 July, Bendigo - Pool and Spa Trade Show, 22-23 June, Gold Coast Convention Centre - Sheepvention, 21 July-2 Augus, Hamilton VIC - CeMat Australia (materials handling), 19-21 July, Melbourne Convention Centre - Beauty Expo Australia, 20-21 August, ICC Sydney - Pacprint, 28 June – 1 July, Melbourne Convention Centre - [AgQuip](https://afdj.com.au/events/agquip-field-days-3/), 16-18 August, Gunnedah NSW - Waste Expo Australia, 24-25 August, ICC Sydney - ARBS (air conditioning etc), 16-18 August, Melbourne Convention Centre - Hospitality Design Fair, 7 September, ICC Sydney - ISSA Cleaning and Hygiene Expo, 14-15 September, ICC Sydney - Foodservice Australia, 23-25 October, ICC Sydney - All-Energy (renewables), 26-27 October, Melbourne Convention Centre A quick online search and the website for each event should be easily found with details of show times and registration and ticketing information. Some shows will provide a list of exhibitors. This can be helpful for visitors, especially those keen to order, to plan their movement around the space. Making appointment times for private discussions with exhibitors can also assist buyers and ensure they don’t miss seeing the equipment they are interested in. ## **Arranging Finance Pre-Show** Finance can be arranged ahead of attending an industry expo through our Pre-Approved Equipment Finance service. We can assist businesses of all type and sizes and across all industries with a complete portfolio of equipment finance facilities:- - [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator) - Rent-to-Buy for Machinery and Equipment - Commercial Hire Purchase - Equipment Lease Requesting pre-approved equipment finance involves the same steps, processes and procedures as when the loan is applied for after the purchase or after a deal has been made with the seller. The one variation is in establishing a specific finance amount. Often the purchase price and hence the finance total is only arrived at after the final negotiations with the seller and when any ancillary costs such as installation and any discounts offered, have been factored in. To account for this, our consultants source pre-approved finance offers based on an estimated loan total. Most buyers will have a rough idea of the cost of the equipment to use for the purpose of acquiring pre-approved finance. The interest rate on pre-approved finance is based on the rate current when the application is made. There is no differential between interest rates on pre-approved and other timed finance. The finance term and other features and benefits of the finance facility also remain the same. New businesses that are just starting out can access pre-approved finance with [No Docs Low Docs Finance](https://jade.finance/equipment-loans). This is available across all industries and all our finance products. We provide finance for a huge range of equipment from heavy duty construction machinery, manufacturing systems and machinery, IT and computer systems and many others. ## **Equipment Finance Interest Rates** After a long period of historic low interest rates, the RBA has commenced what is expected to be a series of cash rate rises. The first in May of 0.25% is expected to be followed, possibly as early as the Board’s meeting in June, by further rate rises. As in all lending sectors, our equipment finance lenders respond to RBA rises with their own increases. Businesses that are in a position to act quickly with equipment purchases, may be able to circumvent future rises. Review our current cheap interest rates on equipment finance and speak with us about the rates we may be able to achieve for your equipment purchase. **Contact Jade Finance 1300 000 008 to source equipment finance prior to attending expos and trade shows.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Post-Lockdown Lending Outlook](https://jade.finance/blog/post-lockdown-lending-outlook) **Published:** November 9, 2021 **Author:** Publisher **Content:** ‘Life interrupted’ eventually appears to be coming to an end – at last! Vaccination rates hitting targets, restrictions being lifted, businesses reopening and time to start revisiting those ‘want’, ‘wish’ and ‘must have’ lists. Time to get out and starting checking out cars, boats, caravans and bikes to make those purchases you’ve have to put on hold. For some, time could be of the essence as global supply chain issues are having impacts on stocks of some vehicles. In the leisure sector – boats and caravans, demand has been high for over a year and manufacturers have been working hard to meet buyer orders. With no time to waste, many will want to get their loans in order before making a commitment to a purchase. Jade Finance provides an update on what to expect if you’re in the market for a personal car, boat, caravan or motorbike loan. ## **Interest Rates** Interest rates are central to the cost of a loan and in concert with the total amount borrowed and loan term, determine the monthly repayments. For many buyers, this is the figure that is most important – how much the goods will cost them each month. Interest rates vary across the different categories of consumer goods and across the lending market and are determined on a number of factors. These include particularly the credit profile of the loan applicant and the age and condition of the goods. While interest rates on different goods and different types of loans vary across the lending sector – banks, finance companies, non-bank lenders, the lenders do have one commonality – their lending rates reflect changes and the level of what is known as the official cash rate. The official cash rate is determined by the [Reserve Bank of Australia](https://www.rba.gov.au/publications/smp/2021/nov/) (RBA) and, as a simplistic explanation, forms the foundation from which lenders establish the rates they offer on both loans and savings. During the 2020 phase of the coronavirus pandemic, the RBA cut the official cash rate on a number of occasions as part of the overall policies to stimulate and support the economy. In November 2020 the rate hit a historic low of 0.1% and the RBA has left the rate on hold at that level since. At the October meeting, the Board left their monetary policy settings in place again and once again established around 2024 as the timeframe they consider conditions may be right for a rate increase. The economic conditions they are seeking for this to happen are inflation around 2-3% and sustained in that range and both wage growth and unemployment to be improved on current levels. What these historic low interest rates mean for those seeking finance are lower interest rate loans. Great news if you’re looking to make that major purchase! When checking out interest rates, you will notice there are two rates advertised for consumer finance – Advertised Interest Rate and Comparison Interest Rate. We have provided an explainer of the difference which you can review. In simplistic summary form, the Comparison Rate is based on a specific example of a loan for certain goods and includes fees and charges. Unless otherwise specified, most advertised interest rates for consumer loans are for new goods. Second hand goods may attract a different rate. ## **Fixed and Variable Interest Rate Loans** Interest rates can be fixed or variable. In the case of most secured loans for new goods, the interest rate will be fixed. That means the rate will stay the same on the loan over the entire time of the loan term. With our Jade Finance Secured Loans, we achieve a fixed interest rate and a fixed term so the repayments also remain constant until the loan is finalised. That provides our customers with confidence and certainty in managing their finances. In some circumstances and for some, usually used, goods, customers may request an [Unsecured Personal Loan](https://jade.finance/personal-loans/unsecured-personal-loans). These can be secured with either a fixed or a variable interest rate. A variable rate may change over time. Changes may be in line with changes in the official cash rate. So if you take out say a [car loan](https://jade.finance/car-loans/personal-secured-car-loans) in 2021 over 5 years at a fixed interest rate, in 2026 when the loan term is completed, your loan would still only be attracting the low rate achievable at this current time. Even if the RBA increases rates in 2024 your loan would remain unchanged. ## **Securing a Consumer Loan** If you’re planning to make that special purchase, you may like to arrange your loan prior to speaking with a seller and negotiating price. Knowing you have your finance secured and knowing for how much before selecting the make and model can be highly beneficial. Buyers have a budget to work towards. Applying for a loan can be commenced before you commit to a purchase or after. Pre-approved loans are available across [our portfolio](https://jade.finance/personal-loans/best-personal-loan-interest-rates) and attract the same interest rates as loans that are arranged after a purchase commitment is made. Our consultants make the entire process as simple and easy for our customers as possible. We do the heavy-lifting when it comes to sourcing the cheapest loan from across our vast selection of banks and lenders. We negotiate on rates and terms, get your application approval and assist with finalising settlement. Applications can be [made online or over the phone](https://jade.finance/approval). To speed up the process, have your financial details including employment and income etc accessible to complete the necessary details. No longer interrupted by lockdown – get online to our loan calculators and start working up repayment estimates on the car, boat, bike or caravan that you want. Or just give us a call for a low interest rate loan quote. **Contact Jade Finance by phone 1300 000 008 or online for a quote on a consumer loan for cars, boats, motorbikes and caravans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Paying higher interest rates does not have to be inevitable](https://jade.finance/blog/paying-higher-interest-rates-does-not-have-to-be-inevitable) **Published:** September 30, 2022 **Author:** Publisher **Content:** The period of record low interest rates during the peak of the pandemic in 2020 and 2021 represented significantly attractive conditions for both businesses and private buyers to make major acquisitions with finance. But the situation has changed and based on the recent [ABS ](https://www.abs.gov.au/)release of employment and inflation results, interest rates are set to increase further in coming months. Inflation in particular is soaring in Australia and globally. A situation which has seen the [RBA](https://www.rba.gov.au) hike the cash rate from that record 0.1% low to 1.35% by July 2022. Another 0.5% rise is expected at the RBA Board’s August meeting. As the RBA lifts rates, lending markets follow and we’ve seen rate rises across motor vehicle finance, marine finance, equipment finance, caravan and motorcycle loans, truck loans in our [general business finance](https://jade.finance/business-loans/best-business-loan-interest-rates) facility markets. Those planning to take on finance will be focussing on interest rates and seeking ways to ensure they achieve the cheapest rate for their particular loan. **Just because interest rates are rising across lending markets, paying a higher interest rate on finance does not have to be an inevitable outcome for all borrowers.** Those with existing loans and buyers planning to take on finance can consider ways to achieve a cheaper rate and/or protect their loan from future rate rises. We illustrate this point by addressing common concerns that borrowers may have and posing scenarios around certain loan types and options. ## **Interest Rates Update** Further rate rises are unfortunately inevitable. The RBA eluded to this in their statements over the past few months and with inflation posing another significant 1.8% rise in the June quarter that pretty much seals the deal. Cash rate rises by the RBA do take time to have an effect on an economy. It will be some time before inflation starts to fall and prices ease. Treasury’s latest forecast have inflation rising to possibly 7.75% by later this year, falling by the middle of 2023 to around 5.5% but not until the middle of 2024 is inflation expected to be around 2% to 3%. During the record low rate period, inflation was sub 2%. ## **Impacts for Existing Finance and Loans** The effect of rate rises now and into the future on those with current loans will depend on the type of interest rate and loan conditions. Where a loan (excluding home mortgages) has been established with a fixed interest rate, that rate should be applicable for the entire loan term. This would apply to the majority of finance offered by Jade Finance. So our fixed rate loan holders should see no change to the interest rate, repayments or other aspects of the loan when rates rise. If the loan has a variable interest rate, then it can be susceptible to increases in rates and repayments in line with rate rises. Variable rate loans for the purchase of many goods are offered by some lenders. As an example, refer to our chart which compares our [Caravan Finance Loans](https://jade.finance/caravan-loans) with some other major lenders. ## **Effects on Pre-Approved Finance** Jumping in to get a pre-approved loan prior to an imminent rate rise may seem like a solution to avoid a higher interest rate loan. We strongly recommend buyers look to pre-approved finance as a way of ensuring they have the finance to proceed with a purchase and to assist with making buying decisions. But there are a number of issues to consider here. Some lenders will increase their rates in anticipation of RBA decisions. In other words, they act to lift their rates before the RBA announcement. Also, pre-approved finance offers are only valid for a set time period. This may be a month or less. The details will be advised at time of approval. If the pre-approved loan is not activated within the set time period, it would expire and need to be re-quoted. ## **Avoiding Higher Interest Rates** Avoiding higher rates can be achieved by addressing a number of aspects of the finance sourcing process. Primarily, utilise the services of a broker-style lender such as Jade Finance. Rates and loan specifications and conditions can vary across the lender market. Taking on the process yourself of researching enough of a particular market to find the cheapest rate can be time-consuming, infuriating at times, and surprisingly can have a negative effect on the credit rating. In order to receive specific loan quotes to compare, an application may need to be completed and submitted to multiple lenders. These applications are reported to the [Credit Reporting Agencies ](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports)and can be seen as a negative by lenders checking the credit profile. The flow-on may be a higher risk assessment and higher rate loan offer. When using our services to cover off on many lenders to source the cheapest offer, that process of reporting does not eventuate. We are accredited with a vast choice of lenders including many that are not available direct to the public. These specialist lenders, many of which are known to be highly negotiable on rates and loan conditions, only operate through industry channels. Regardless of the lender, an assessment of the applicant’s credit profile will be made as a standard part of the application process. Ensuring a good credit score is maintained and paying down other debts to improve the balance sheet can contribute to a better interest rate loan offer. To protect the loan against any further rate rises, insist on a fixed interest rate loan where the rate is fixed for the full finance period. This will provide assurance that the repayments will remain unchanged. Another aspect to consider is new versus used goods. Interest rates which are displayed by lenders usually apply to new goods. While some loans for used goods can attract good rates, new goods u usually attract a cheaper rate. When planning a purchase, weigh up the pros and cons of the purchase and use our loan calculators to assist. Rate rises in the near future do appear inevitable. But paying a higher interest rate than you could be paying, certainly does not have to be inevitable. **Contact Jade Finance 1300 000 008 for cheaper interest rate finance and loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Pauses, Closures and Your Finance and Business Loans](https://jade.finance/blog/pauses-closures-and-your-finance-and-business-loans) **Published:** July 19, 2021 **Author:** Publisher **Content:** Despite Australia’s remarkable economic bounce back and recovery from major impacts of the coronavirus pandemic, outbreaks continue to occur with potential ramifications for many individuals and businesses. An extended lockdown in both [Greater Sydney and Victoria concurrently, have reportedly up to 12 million individuals under stay at home orders](https://www.health.nsw.gov.au/Infectious/covid-19/Pages/public-health-orders.aspx). But the biggest shock of the current situation was not the decision by NSW Premier Gladys Berejiklian to order the lockdown but the subsequent 14 day pause on the construction sector. Construction has been a major driver and in many ways the saviour of the national economy throughout the pandemic crisis. Both state and territory and federal governments have been constantly allocated more and more funds to infrastructure projects to stimulate the economy into recovery. [The Federal Government also introduced the Home Builder Grants as part of its Economic Recovery Plan](https://www.qld.gov.au/health/conditions/health-alerts/coronavirus-covid-19 "Click for more information"). Many homeowners have taken advantage of this program to instigate new home construction or major renovations. In NSW, many now face 2 weeks without any progress on the project and mounting costs for both the project owners as well as for main contractors and builders, individual tradespeople, suppliers and associated businesses. As lenders across many sectors, we know that many of our customers will be facing concerns around meeting the loan repayments and we offer a range of information to source assistance and options from across our finance portfolio. ## **Business Financial Support** The NSW State Government, in conjunction with the Commonwealth, is offering grants and other payments to support businesses in the extended lockdown. There are several packages available and individual business operators will need to check the criteria for each package at Service NSW to see which may best suit their requirements. These relief measures are based primarily on a 30% cut in turnover in 2021 26 June through 26 July period compared with that period on 2019. 2020 has been overlooked as many were receiving JobKeeper and other complications associated with that COVID-ridden year. ## In reviewing the criteria to be eligible for support, a few points are noted:- - A business may have increased its prices/fees over that 2 year period. While the business activity may be showing a decline due to the lockdown, the actual figures may not reflect the required 30%. - Many operators in the construction sector work on a progress payment schedule which may impact the outcome of comparing turnover in the indicated periods. It may depend on when a business received a payment in 2019 and when they receive June-July 2021 payments if that 30% downturn is achieved. - The period as currently indicated (acknowledging it may be revisited) does not take in the full 14 days of the construction sector lockdown. - While a business may have money coming in during the eligibility period, it may be from earlier work and the impact of the lockdown for them may actually be felt later in the year. Some of these issues may be addressed by the government and the packages reconfigured – a wait and see scenario. ## For those businesses that are experiencing financial issues but may not qualify for or choose to apply for the government support packages, Jade Finance may be in a position to assist with a range of finance options:- - **Business Overdraft:** we have access to non-bank lenders that provide business overdrafts in a similar way to bank overdrafts. This facility can be set up swiftly by our consultants and may be an ideal solution to overcome short term cash flow issues. - **Secured and [Unsecured Business Loans](https://jade.finance/business-loans/unsecured-business-loans):** A longer-term solution could be speaking with us about a business loan on a secured or unsecured basis. These general-purpose loans can be utilised to cover a wide range of business expenses and we tailor packages at cheap interest rates to suit individual business requirements. - **Refinancing Current Finance Commitments:** If you take the view of some epidemiologists that the lockdown should be in place ‘for some time’ and you may need a longer-term solution to get through, let’s talk refinancing. Many businesses have taken advantage of temporary full expensing and IAWO to invest in new assets and equipment over the past 18 months. This means they are committed to meeting monthly loan repayments. If those repayments are cause for concern at this time, refinancing to achieve a lower repayment may be worth considering. We provide refinancing across all loan types and categories. All finance is individually sourced and customised to meet the needs of our customers. [Refer to our Business Finance Interest Rate Tool to see the different low rates across the lending selection](https://jade.finance/personal-loans/interest-rate-calculator). ## **Applications and Pre-Approved Loans: Pausing or Proceeding** If you currently have a business finance deal in progress with Jade Finance, we will be continuing with the normal procedures unless otherwise advised. Our lenders and ourselves are still sourcing quotes and process finance applications. If you require a pause, contact your Jade consultant. Pre-approved loans are in place for the time period as indicated when issued. If you require additional time because of issues around lockdown, contact your Jade consultant to discuss your requirements. Whatever your business requires in regards to finance at this time, please feel free to contact us to discuss how we may be able to assist you. **Contact 1300 000 008 for a no obligation discussion around your lending requirements** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Ouch! Dealing with the burn of a loan application rejected](https://jade.finance/blog/ouch-dealing-with-the-burn-of-a-loan-application-rejected) **Published:** February 15, 2022 **Author:** Publisher **Content:** Aloe vera and other salves and are recommended to relieve the pain of heat burns. But when you are burned by a loan application rejection, a permanent solution is in order. For both individuals and businesses that have had a loan application rejected there are options, solutions and recommendations to assist in achieving a positive outcome. The reasons as to why the loan application has not been approved will determine how the situation should be approached. There will also be differences in the solutions available for [consumer loans](https://jade.finance/personal-loan-broker) and business finance. Some of the familiar reasons that a loan application is not approved include:- - Credit issues - Consumer finance guidelines not being met - Lack of financial records - Business operating history/term - Business sector - Specifics around the goods or equipment - Finance structure requested There are differing solutions and pathways forward to address each of these issues. As specialists in both consumer and business lending, Jade Finance can offer a range of solutions and work with customers to achieve a workable outcome. ## **Credit Rating Issues** For both individuals and businesses that have had loan applications rejected due to poor credit issues, the first step can be to address those issues. Get a free copy of your [credit profile](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) and see what errors or issues can be fixed. For businesses we have access to lenders that are open to discussing [Bad Credit Loans](https://jade.finance/business-loans/business-finance-bad-credit) for equipment, trucks and motor vehicles. If approved, bad credit loans will typically attract higher interest rates and lenders may insert special terms or condition in the loan. But workable solutions are possible. For individuals seeking loans with bad credit, the situation can be more complicated and challenging. Licensed Credit Providers such as Jade and banks and finance companies adhere to the regulations and guidelines around consumer finance as set out by [ASIC](https://asic.gov.au/). Limited options may be available to consumer loan applicants with poor credit under these rulings. Other issues around not meeting consumer lending issues include where a loan is deemed unsuitable for the applicant. Applicants may look at reducing the debt levels to improve their personal financial situation or seeking a lower loan amount by purchasing less expensive goods. Regardless of the issues, you are welcome to reach out to discuss your circumstances with Jade Finance. ## **Lack of Financial Records and Business Trading** For relatively new businesses and those in the process of setting up, one of the most common reasons for loan application rejection is insufficient paperwork or financial documents to fulfil the lender requirements. Our solution in these situations is [Low Docs and No Docs Loans](https://jade.finance/car-loans/low-doc-car-loan). We have a selection of non-bank lenders through which we can source workable finance for cars, business vehicles, trucks and business equipment through No Docs and Low Docs finance. These types of loans do not necessarily attract higher interest rates but additional loan conditions such as extra security may be required. ## **Industry Sector and Machinery Specifics** While Jade Finance can source finance for pretty much all industries and all types of equipment, not all lenders are in that position. Individual lenders set their own lending markets and may choose not to lend to certain industry sectors or for acquisition of certain types of equipment. This may be based on their own risk assessment of the sector, individual guidelines or preferences. If you’ve had a loan rejected on this basis, simply contact us for a quote. ## **Customised Loan Structure** Not all lenders are open to negotiating on terms and conditions and personalising the loan structure to meet the preferences of the applicant. That is where our services as a finance broker lender are sharply contrasted. Our approach is to take a very personal and individual perspective and source finance offers which are customised to suit the individual needs of that business. Our consultants have the negotiating skills and expertise in finance structuring to assist with even the most complex finance deals. ## **Avoid the Burn – Prepare!** If you intend to apply for a loan or finance and you think you possibly may have difficulties in having the application approved, there is a way to prevent some of those issues. Speak with us about pre-approved loans. A pre-approved loan application is prepared and submitted based on an estimate of what the applicant thinks they may wish to spend on the goods required. The application is processed through to approved stage prior to any commitment for a purchase being made. This provides the opportunity to fine-tune and make any necessary changes to the loan request such as in regard to the amount being requested. Pre-approved loans also provide confidence by knowing exactly what priced goods one can proceed to purchase. Thus avoiding the massive disappointment when you find the boat or car you want, possibly put down a holding deposit, only to have your loan application rejected. Having a loan application rejected doesn’t have to derail all your plans. Especially for business, Jade Finance has multiple pathways forward to secure workable and cost-effective finance solutions. **Contact Jade Finance 1300 000 008 to discuss options if you have had a loan application rejected** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [New ride on the wish list? Apply for a Motorbike Loan while Interest Rates Low](https://jade.finance/blog/new-ride-on-the-wish-list-apply-for-a-motorbike-loan-while-interest-rates-low) **Published:** April 5, 2022 **Author:** Publisher **Content:** After an extended summer with high humidity, the trademark autumn morning chill has appeared and with that many start thinking of road trips! Autumn is a very popular season to get out and about for short getaways or long, leisurely country rides. If you’re planning an autumn road trip and would like a new ride apply for a [motorbike loan](https://jade.finance/bike-loans/motorcycle-finance) while interest rates are still low to purchase a new model. The interest rate climate has been exceptionally accommodative for borrowers in the past few years. But what hasn’t been so accommodative has been the opportunities to get out and about and the chance to visit motorcycle dealerships to see the latest models, test ride and proceed with that purchase. Now the planets are aligned with restrictions lifted, new models on the market despite supply chain issues and interest rates on motorcycle loans are still low. But that may change in coming months, at least in respect to interest rates. We explain the interest rate situation and what is the most popular bike loan available to purchase a new motorbike. ## **Motorbike Loan Interest Rates** Interest is the main cost of finance so paying attention to interest rates can pay off for those seeking loans. Interest rates vary across different types of loans and across different lenders. Different lenders will charge varying rates for say the same loan for a motorbike. Why? The [Reserve Bank of Australia](https://www.rba.gov.au/) (RBA) has the role of setting what is known as the official cash rate. That is not the rate that borrowers are charged on finance but a bank-to-bank lending rate. Banks and lenders essentially start with the cash rate and then build in their costs and their risk element for different markets to establish the interest rate that they will charge for the specific loans. Currently the cash rate is at 0.1% and has been since November 2020. This is the lowest it has ever been and was lowered to this rate as part of the RBA’s monetary policy as a stimulus measure during the peak of the COVID-19 economic crisis. Many analysts and economists have been calling for the RBA to lift the rate. First the calls were to cool the housing prices but now it is to arrest rising inflation figures. So far the RBA has remained solid and said it would show patience for the economy to reach its targets for a rate rise. But with unemployment now at 4% in that target range and inflation increasing, the RBA has changed its talk to a rate rise being a ‘probability’ in 2022. Some analysts predict we could see several rises in 2022. When the cash rate rises, this increase flows through to lending markets. Individual lenders will decide how much of an increase or decrease to pass on to customers. But essentially, despite our focus on always achieving cheaper interest rates, it is highly possible that the rate we can achieve on motorbike loans now compared with say later in the year may be quite different. Refer to our [Interest Rate comparison chart](https://jade.finance/personal-loans/personal-loan-calculator) to see how higher rates from some lenders effect the monthly repayments. Yes, it can be significant. Interest rates also vary according to the credit profile of the applicant. So ensure yours is in good order before applying. The other aspect to look for in a motorcycle loan is whether or not the rate is fixed or variable. A variable interest rate can increase or decrease as official rates change. A fixed rate remains constant for the entire term of the bike loan. So no changes to repayments with fixed interest rate loans. ## **Secured Bike Loans** Jade Finance offers the Secured Bike Loan which has a fixed interest rate, fixed loan term and therefore, fixed monthly payments. The bike forms the security against the loan. This loan suits most bikes, new and most used models. Lenders will register the machine as security with the [PPSR](https://www.ppsr.gov.au/). If you choose, you can make extra payments on a Secured Bike Loan, with only minimal break fees applicable when the loan is finalised prior to the agreed loan term conclusion. A tax refund may be coming your way through the Low and Middle Income Tax Offset. These funds could go towards the bike loan. If you want to know how much you may be approved for your bike loan prior to deciding on a specific model, speak with us about a [pre-approved bike loan](https://jade.finance/approval). If you’ve left your purchase to the last minute, no problem. Our consultants can respond asap with quick quotes and fast approvals to get your loan organised at the cheapest interest rate. The RBA Board meets monthly to make their decision on interest rates. Get in before any rate rise by applying for your motorbike loan today. **Contact Jade Finance 1300 000 008 to apply for a motorbike loan.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [New records with latest truck sales, Kenworth tops great year for heavy-duty.](https://jade.finance/blog/new-records-with-latest-truck-sales-kenworth-tops-great-year-for-heavy-duty) **Published:** January 10, 2024 **Author:** Publisher **Content:** As the monthly sales data was released by the Truck Industry Council (TIC), it became clearer by the month that 2023 was shaping up as a great year for the industry. With the release of the December and annual data, that has been confirmed. 2023 beat the previous record set in 2022 and the month of December also posted above average sales figures. As far as brands, [Kenworth](https://www.kenworth.com.au/ "Kenworth") led the heavy-duty segment but it was [Isuzu](https://www.isuzu.com.au/ "Isuzu") posting its 35th year as the top-selling brand that was a stand out. The industry is obviously very pleased with the results and the number of operators investing in new vehicles may also be a good sign for business in general and the economy, moving forward. A sign for those still to upgrade their fleets, that it could be time to do so to keep up with your competitors. Acquiring new heavy vehicles is a major investment. But with our expert lending services and low lending rates, Jade Finance can make that investment both affordable and cost-effective. Reviewing which brands sold best in 2023 in the different segments may provide inspiration and insights for that purchase. ## 2023 Best-Selling Truck Brands Brand loyalty or take note of what brands are selling the most vehicles? That is a question for individual operators to decide but reviewing the best-selling rankings is sure to be keenly watched by many in the transport and distribution sector. TIC post the brands in order of number of total units sold in the calendar year. This includes units across all segments heavy-duty, medium-duty, light-duty and commercial vans. So brands with models across multiple segments will obviously rank higher than those that specialise in just one or two. Not surprisingly, the three brands with multiple models primarily in the medium and light segments took out the top three rankings – Isuzu, Hino and Fuso. But it was Isuzu’s record of a 35th top ranking that is extremely impressive. On the back of good heavy-duty category sales through 2023, Kenworth ranked fourth overall with Volvo next, followed by IVECO. The leading 10 best-selling brands were rounded out with Mercedes then Scania and UD Trucks with Mack in 10th position. DAF was ranked 11th after posting a 21% increase in sales. Next came Fiat and Freightliner, then MAN and Hyundai, followed by Renault, then Western Star, Volkswagen and Dennis Eagle. Rounding out the rankings were Foton and SEA Electric and finally Ford. ## Kenworth Leads Heady-Duty Segment The total 2023 sales for heavy duty vehicles exceeded the 2022 figures by approximately 2,500 vehicles. This is a record period for the segment and another great result for top-selling brand, Kenworth. With 20% of the sales, they just pipped Volvo with overall brand leader Isuzu posting the third best sales figures. ## Medium-Duty & Light-Duty Dominated by Big 3 Isuzu captured nearly 50% of sales in this segment with Hino taking 29% of the sales and Fuso posting 15% market share. The medium segment has been reasonably strong in recent years but the light segment has not shown the same good sales results. Isuzu posted 45% market share in the light segment with Hino the next best and then Fuso and IVECO. ## Kenworth Finance Options With the continued good performance in the heavy duty segment, it may be expected that other operators will be keen to upgrade their vehicles. Individuals looking to set up their own operation may also be eyeing off the best sellers. Regardless of the brand of vehicle, the size, segment or application, the same lending products can be used to make new vehicle purchases. As specialists in heavy vehicle lending, we offer customers a complete portfolio of commercial credit facilities. The opportunity to select the right product that will work with their accounting method, balance sheet and tax strategy and will deliver on their financial objectives. The [truck financing options](https://jade.finance/truck-loans "truck loan options") include Chattel Mortgage, Rent-to-Own, Leasing and Commercial Hire Purchase. All can be suited light, medium and heavy vehicles with diesel, hydrogen or electric fuel systems. All offer tax deductions either through vehicle depreciation as with CHP and Chattel Mortgage or with tax deductible payments as with Leasing and Rent-to-Own. Refer to your accountant as to which facility will deliver the desired outcome for your set-up or speak with one of our brokers for more details and quotes. ## Lower Rate Truck Finance Across Heavy, Medium, Light Duty **Jade Finance supports operators in key transport sectors with lower rates on finance for Kenworth and other heavy-duty, medium and light duty models**. Through our connections with more lenders and with specialist heavy vehicle lenders, we have the capabilities and the expertise to negotiate the [best truck rates ](https://jade.finance/truck-loans/truck-finance-interest-rates "best truck loan comparison rates ")available. For the rate we can source to meet your individual specifications, get in touch with one of our brokers online or by phone. If requiring funding quickly to confirm a new vehicle purchase, applications can be approved in 24 hours and our brokers will be handle the entire process on your behalf. If looking to replace or expand with one of the 2023 best selling heavy vehicle brands, purchase with our low rate funding to ensure a cost-effective, affordable investment. **For the best rates on finance for Kenworth, Isuzu and other leading vehicle brands, contact Jade Finance on 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [New for You in ’22? Low Docs Business Finance](https://jade.finance/blog/new-for-you-in-22-low-docs-business-finance) **Published:** January 4, 2022 **Author:** Publisher **Content:** The start of a new year is a great time to reassess personal circumstances and situations. After the last few years it’s likely that many more people than usual will be ready to change-up a lot of aspects of their lives. For those seeking to start their own business from scratch there will likely be the need for low docs business finance. [Low docs business financ](https://jade.finance/equipment-loans)e is for new and young businesses that do not have all the financial records required for standard loan applications. It relates to the description of the business loan applicant rather than being an actual form of finance or loan type. For those in the process of making or enacting plans to start their own business in e-commerce, as a construction contractor, a courier or delivery service or in any other field, we outline what is involved in achieving low docs finance, what products are available and why Jade Finance is ideally placed to assist in securing these types of loans. ## **Eligibility and Criteria** All types of business set-ups in many industry sectors can consider low docs business finance. Businesses setting up e-commerce operations from home to take advantage of the surge in online shopping or turn a talent into a real money earner; courier and deliver drivers buying their own vehicle to meet demand in the delivery and transport sector; owner-operators of machinery to work as contractors in construction, civil works and other sectors; or simply those looking to move from an employment to self-employment situation. There are essential requirements for all types of finance applications which include having a current ABN and identification. These also apply to low docs finance. These types of loans are also often referred to as ABN-only Loans. Essentially meaning that all the documentation the business owner has is an ABN. [GST is required](https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/registering-for-gst) for all Australian businesses with turnover in excess of $75,000 per year. It is not a requirement for low docs loan applications but lenders can look more favourably on businesses that are registered for GST. To fully complete a standard application for business finance will require a range of financial documentation and records. These include docs such as BAS returns, bank statements, tax returns and the annual accounts as usually prepared by the business accountant. Businesses usually need to have traded for a minimum time period as designated by the lender. Start-ups usually don’t have these docs. But whatever the owner can prepare to submit with the application may contribute to achieving a better interest rate and cheaper loan. Preparing a business plan can be beneficial and [templates](https://business.gov.au/planning/business-plans/develop-your-business-plan) for these can be sourced online. Low docs applicants can be offered very attractive and [cheap interest rate loans](https://jade.finance/equipment-loans/best-equipment-rates) in many instances but often with additional loan conditions applying. These may include additional guarantees or security as well as the goods being acquired. To meet this guarantee, the business owner may need to utilise personal goods and assets. Addressing their personal credit profile and ensuring they have a good credit score can contribute to a better outcome. ## **Loan Availability** Not all banks and finance companies will offer low docs business finance. A quick browse of the loan requirements listed on some of the major banks’ websites and you’ll easily see what their requirements are for business finance. Jade Finance is accredited with a selection of specialist non-bank lenders that do offer low docs loans to new businesses. These lenders are often only available via brokers like us and businesses need to engage with a broker to access these finance channels. ## **Finance Products** Low docs finance is available to purchase goods, equipment, motor vehicles, trucks, plant and machinery as well as for general business support. For asset acquisitions, the standard range of finance facilities is available:- - Low Docs Chattel Mortgage - Low Docs Lease - Low Docs Commercial Hire Purchase - Low Docs Equipment Rental It is strongly recommended that new business owners consult with a professional bookkeeper or an accountant as the decision around which loan type will work best with an individual business set-up is primarily determined by accounting measures. Pre-approved loans are available for all finance products. This can be a good way to go for all businesses but especially for new set-ups who may not know how much they will be approved to borrow. Knowing that prior to purchase can assist in framing purchase options according to make, model and price point. For general business purposes, finance is available for:- - [Business Overdrafts](https://jade.finance/business-loans/business-overdraft) - [Invoice Debtor Finance](https://jade.finance/business-loans/debtor-invoice-funding) - Insurance Premium Funding - Secured Business Loans We have provided extensive detail on each of these products which we encourage those interested to review. Alternatively, feel free to contact us and work through the options with one of our consultants over the phone. 2022 can be a great year for you to go new in your approach to working and business. Jade Finance consultants are available to assist new businesses achieve their objectives and set-up their operation with cost-effective low docs loans. **Contact Jade Finance 1300 000 008 to new business finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [New Financial Year Refinancing and Business Finance Options](https://jade.finance/blog/new-financial-year-refinancing-and-business-finance-options) **Published:** June 6, 2022 **Author:** Publisher **Content:** A new financial year is akin to NYE for business. A time to reflect on the past year and put in place plans to improve, grow and develop the business over the next 12 months and beyond. Over the past few years many businesses have relied heavily on the support of state and federal government pandemic measures. With those measures now scaled back and business conditions stabilising to at least some extent, it may be timely to consider what business finance options are available to support the business moving forward. A range of low rate business finance options including refinancing existing equipment and machinery loans are available to support and sustain businesses, to enable growth and development into the new financial year. The keys to achieving a successful outcome with finance is to select the appropriately targeted product, consider the lender options and of course, achieve the [cheapest interest rate](https://jade.finance/equipment-loans/best-equipment-rates) offer. Why is the new financial year, 1 July, popular timing for refinancing and other finance decisions? Primarily businesses opt to bring in change in this area in line with the tax year as business finance products offer various tax benefits. In 2022 this is also a very good time as interest rates are on the rise as the [RBA](https://www.rba.gov.au/) proceeds with normalising the cash rate. While rates have already increased as a result of the RBA’s May decision, we can act quickly to source new finance for business before further rises. ## **Refinancing to Reduce Overheads** Refinancing is a very popular way for businesses to reduce overheads by replacing existing loans with loans sourced with lower monthly repayments. This may be achieved by securing a lower interest rate, through a change of finance product or restructuring loan term and balloon. Many types of loans can be refinanced but the process is typically more suited to loans which have a longer finance term and/or a larger loan amount such as with many types of equipment, plant and machinery. Refinancing may also be sort midway through a loan term by businesses with No Docs, Low Docs and [Bad Credit](https://www.rba.gov.au/) loans. Where the original loan attracted possibly strict conditions or a higher interest rate due to the nature of the business at the time of application. Through the initial stages of the finance term, the business may have improved their credit profile and acquired more documentation. As such, they may now be offered a cheaper loan. ## **Business Overdraft** Overdrafts are the most versatile and widely-used type of general business finance. They can be utilised for a wide range of purposes, on a short term basis or as an ongoing line of credit. The business only pays interest on the portion of finance used but has the reassurance that funds are available when required. Traditionally banks are the go-to for overdrafts. But as the financial system in Australia has grown, more and more non-bank lenders are also offering this type of funding. We have access to non-bank lenders that offer extremely attractive interest rates for overdrafts. Great for supporting cash flow, especially in uncertain times which the economy has experienced over the past few years. With additional challenges from rising costs and supply chain issues ahead, an overdraft may be the flexible solution to give your business breathing space. ## **Secured and Unsecured Business Loans** While asset finance – loans to purchase goods such as cars, trucks and equipment, is the most popularly sourced business finance, it does not suit every acquisition. With Leasing, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own, the loan is structured around the goods as security. Investing in growth may involve the purchase or cost of other non-tangible goods and services which are not suitable for asset finance. These may include purchase and implementation of new processes and systems, training and development, consultants, R&D, website and digital systems and many others. [Secured and Unsecured Loans](https://jade.finance/business-loans/unsecured-business-loans) are general finance products which are sourced and structured to suit the purpose and the business objectives. ## **Specialist Finance** In addition to the more general finance products, we also offer a number of more specialised business finance options:- - Debtor Invoice Funding: to support businesses that need to wait extended periods to receive payment from their customers. A possible consideration for businesses on progress payment contracts or 90+day payment arrangements. - Insurance Premium Finance: to divide large insurance premiums into a number of instalments over the year. ## **Sourcing Cheap Interest Rate Finance** With a range of options available, businesses can discuss their objectives and requirements with our consultants and be provided with the targeted product which is designed to deliver the optimal outcome. We have provided free-to-use loan calculators and [interest rate charts](https://jade.finance/equipment-loans/equipment-finance-calculator) to assist business owners in arriving at a plan as to their requirements. Each application is addressed individually and quotes sourced from across our vast lender panel. Our ultimate goal is to achieve the cheapest interest rate and most appropriately structured finance for our customers. Approach the new financial year with greater confidence gained through the support of cost-effective business finance solutions. **Contact Jade Finance 1300 000 008 to discuss the business finance options to meet your new financial year goals.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Need business support? Compare Overdraft with Loans](https://jade.finance/blog/need-business-support-compare-overdraft-with-loans) **Published:** February 6, 2024 **Author:** Publisher **Content:** At many times in the operating a commercial concern, business owners will often require support for cash flow. Support to fill a gap between purchasing stock and materials and selling the products and services to receive an income. Support to cover a lull in trade or unexpected increase in outgoings and many other scenarios. When the need arises, the decision as to the most suitable credit facility needs to be made. Operators can compare [commercial overdrafts](https://jade.finance/business-loans/business-overdraft "Click here to learn about our overdraft services") with loans as two of the most widely-used facilities for cash flow support and non-asset expenses. The decision as to the most suitable credit facility can depend on a range of factors, the specifics of the reasons or the scenario, the individual objectives of the enterprise and many other issues unique to the circumstances. More generally, the purpose for the support, the timeframe the funding is required, when certain amounts of credit are required, and possibly the amount required are some of the overarching considerations. These considerations may determine whether a line of credit or secured or unsecured finance will best meet the need. ## Business Support Finance Facilities We offer a range of commercial credit facilities to support enterprises with ongoing, short-term and specific purposes. A line of credit is a widely used facility and can suit many purposes and many businesses. Where the requirement is to cover non-asset expenditure for a set amount at a set time, secured or unsecured credit may be more cost-effective. We work with individual operators to identify the core of the issues and where appropriate, suggest targeted credit solutions. Where the issue emanates from slow-paying creditors, [Debtor Invoice Funding](https://jade.finance/business-loans/debtor-invoice-funding "Find out more about financing debtor invoices") may provide a long term solution. Where credit is required to pay a large insurance premium, Insurance Premium Funding is a specialist credit facility that we offer. The features, benefits, rates and costs of each option should be considered when arriving at the decision as to which will provide the most effective solution. ## Compare Overdraft with Loans – Features A line of credit is typically arranged through the enterprise’s bank. However, we have non-bank lenders that offer cost-effective lines of credit. This facility provides a ceiling on the credit and operators can draw on the amount as required. It provides flexibility as only what is needed is used and cost-effectiveness as interest is only charged on the amount drawn down and the time it is drawn down. Monthly fees to maintain the facility may be charged by lenders. This facility can suit when credit is required on a more intermittent basis. A line of credit may be established as a short-term solution or over a longer period. This may suit operations that need to purchase stock which will be then sold in a retail or wholesale environment. The enterprise has certainty that the funds will be recouped through sales as the stock moves. It will also suit many other scenarios. Secured and unsecured facilities provide a set amount over a set funding term. A fixed repayment schedule is established. These facilities can suit the purchase of non-asset requirements such as training and development courses, marketing campaigns, items of equipment not considered suitable security for asset acquisition purposes, and many other scenarios. The difference between unsecured and secured is the collateral provided for the credit. Our broker will discuss these issues with individual customers to determine the most cost-effective solution. In regard to tax deductions, both a line of credit and secured/unsecured facilities allow for the interest charged and lender fees to be deducted. ## Compare Overdraft with Loans Interest Rates The interest rate can be a major factor in deciding which way to go. The interest rate is higher for a line of credit than a secured facility. But take into consideration that interest is only charged on funds drawn on over the timeframe used. If need is spasmodic with different amounts needed at different times of say a month and only for a short time until cash flow picks up, a line of credit may be more cost-effective. Rates for unsecured credit are higher than for secured facilities due to the collateral and risk factors. If a set amount is required to cover non-asset expenses in one payment, secured or unsecured may be the preferred choice. Regardless of the choice, our brokers will covering off on our vast lender market to secure the best rates to suit individual customer profiles and requirements. ## **Quick Quotes to Compare Overdraft with Loans** Jade Finance provides a quick quote service for operators to easily compare our **[low business loan rates](https://jade.finance/business-loans/best-business-loan-interest-rates "Explore our favourable business loan interest rates")**, overdraft with loans to assess the most suitable credit facility for their business. As these types of credit facilities can be very specific to the needs of the individual operation, it can be advisable to request quotes when making comparisons. Our brokers will provide quotes on both options to enable operators to assess the costs and benefits to their individual operation. Our calculator can be used to obtain estimates. **To easily compare overdraft with loans for business support contact Jade Finance on 1300 000 008 for quick quotes.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [New data reveals rise in inflation with RBA interest rates decision](https://jade.finance/blog/new-data-reveals-rise-in-inflation-with-rba-interest-rates-decision-only-weeks-away) **Published:** January 16, 2023 **Author:** Publisher **Content:** The November CPI data was released by the Australian Bureau of Statistics (ABS) last week and the figures reveal another rise in inflation. This comes only weeks from the first [Reserve Bank of Australia](https://www.rba.gov.au/) (RBA) Board meeting for 2022 where the first interest rates decision for the year will be made. **Rising inflation has been the key reason for interest rates rises over 2022 and the latest rise may indicate that further rate rises are required by the RBA.** For those considering buying new goods with finance in the near future, this latest data could be reason to move more quickly and secure current cheaper interest rates if the RBA and then lenders do announce rate rises. The November inflation data sees a 0.4% rise over the October result. In October, the rate actually fell by 0.4% to 6.9%. That has now crept up again to 7.3%. Still below the RBA outlook for inflation to peak in the 2022 data at 8%. The latest data release is for the period ending November 2022. The December data is still to be reported. To provide insight into the RBA Board decisions, at its meeting in early December, the Board discussed a number of alternative courses for interest rates. One was to proceed in a consistent way with another 0.25% rise. This was the course that was decided. But also discussed was announcing a much larger increase of 0.5%. The same as some of the earlier 2022 hikes. In addition, and in welcome news for those considering applying for finance, the option of halting or pausing rate rises and leaving the cash rate at its current level was also discussed. RBA Governor Philip Lowe, in remarks after that meeting, said many options were on the table. But the statement also says that the Board is pursuing its objective to reduce inflation over time and that further increases were expected to be required. ## November CPI Data So what exactly is driving inflation? The main contributing factors are detailed in the [ABS](https://www.abs.gov.au/) announcement of 11 January. As noted, the CPI rose to 7.3% for the year to the end of November. Ms Marquardt from the ABS said that the movement of figures assessed on an annual basis indicates the ongoing presence of inflationary conditions. The main contributing sectors continue to be food and non-alcoholic drinks, housing including new dwellings, transport, recreational and cultural activities and equipment for the household including items such as furniture. The new dwelling area posted an 18.9% increase in yearly figures. This is attributed to higher costs for specifics such as materials as well as labour. It was noted by Ms Marquardt however that the growth rate in this sector showed an easing from October’s 20.4%. The good and beverage area is still recording high prices as a result of high operating expenses including labour and the supply issues resulting from weather events such as the devastating flood situation in eastern states. With the return of the fuel excise has come higher auto fuel prices as was to be expected. The holiday sector which includes travel and accommodation, unusually increased in the November period. A 4.3% rise was recorded when usually there would be a decrease at this time of year being after the busier school holidays. The reasons provided for this were higher costs for jet fuel as well as the high demand for travel in this post-pandemic period. This latest data release covers inflation for 2022 for the November reporting period. The next set of figures to be reported may hold the fate for interest rates. On January 25th, the ABS is due to release the inflation figures for December 2022 as well as the December quarter. The December quarter data was mentioned in a recent RBA statement as being significant as the figures would include power and electricity price movements. The RBA Board meets on Tuesday 7 February to make a decision on the cash rate. A decision that may have impacts across lending sectors with interest rates changes. ## Interest Rates Prospects The prospects for interest rates in regard to RBA decisions is uncertain. Governor Lowe does not tend to make remarks in regard to future decisions as the Board makes its decisions based on the data which is available at the time of each meeting. The RBA has shown it is considering multiple options and is not following any pre-established plan in regard to cash rate decisions. Possibly the only option that could be ruled out is a cut to interest rates. For those looking to apply for finance, the key objective will remain the same – to source the cheapest [car finance interest rates](https://jade.finance/car-loans/car-loan-interest-rates). As can be seen, when using a [Personal Finance Calculator](https://jade.finance/personal-loans/personal-loan-calculator), the interest rate is integral to the repayments and the total interest payable over the loan term. This essentially determines how much the car, boat, motorbike, caravan, truck or business equipment actually costs. With costs clearly increasing in many areas, keeping loan repayments to a minimum may be essential to keeping the household or business budget on track. **Contact Jade Finance 1300 000 008 for cheaper interest rates loans and finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Make the most of 2023 opportunities with cost-effective commercial finance](https://jade.finance/blog/make-the-most-of-2023-opportunities-with-cost-effective-commercial-finance) **Published:** December 28, 2022 **Author:** Publisher **Content:** Is your business ready to capitalise on opportunities that may come your way in 2023? The past few years has shown us that businesses need to be prepared for pretty much anything – the good and the challenging. The challenging has dominated of late but better conditions with improved opportunities may be on the horizon. Being ready to capture those opportunities, many businesses may need to invest in new plant, machinery and equipment or require commercial finance to implement development plans. **Cost-effective commercial finance and affordable asset acquisition finance is available through Jade Finance to assist business be prepared for opportunities and overcome challenges**. Often it can be the ease of sourcing affordable finance, the flexibility of being able to negotiate on interest rates and access to expertise to individually structure the loan that can make a significant difference to the prospects for an enterprise. With affordable finance available, it could be time to consider what your business may achieve with new equipment or with suitable commercial finance support. ## Invest to Grow Expecting ‘things’ to change in the business without making efforts and being proactive may be a little over-optimistic. By being proactive and making that investment in new equipment or machinery or even a new office fit-out, can reap benefits in many ways. A major issue facing businesses is the labour situation with Australia facing the lowest unemployment rates in decades. Why not consider how new equipment could lift productivity with the same number of staff and address those shortages in the roster. In landscaping, earthmoving and construction for example, investing in[ excavation machinery](https://www.cat.com/en_AU/products/new/equipment/excavators/large-excavators/15969691.html) with the capacity to move larger loads may deliver the productivity improvement. New models of most equipment include the latest tech to achieve increased efficiency. Fuel costs are hitting many business hard so why not consider more fuel-efficient machinery or updating to EVs. The money saved on fuel could be better invested in the [motor vehicle finance](https://jade.finance/business-loans/business-car-finance). The same applies to machinery which is beyond its best days and is costing hand over fist in repairs and maintenance and not to mention the downtime. Investing in new models may eliminate those costs and the savings be allocated to the [equipment finance repayments](https://jade.finance/equipment-loans/best-equipment-rates). Is your business in a position to take on new contracts or expand into new markets? If there is hesitation with the response then possibly the answer is probably mmm maybe or maybe not. Our cheaper interest rate equipment finance may make the possibility of re-tooling or refitting the operation a reality. Investing in new plant, machinery and equipment or possibly new technology to bring the business up to truly meeting competitors on par, can be a realistic option with affordable asset finance. But of course, that finance must be affordable and be especially structured to exactly work with the business cash flow and budgets. ## Commercial Finance Options The options for asset finance include Chattel Mortgage, Leasing, Commercial Hire Purchase and Rent to Own. These loan products suit the acquisition of a wide range of machinery and equipment used in business as well as trucks, heavy vehicles and work vehicles. A particular attraction to acquire new assets at the moment is the availability of [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing). This very attractive tax measure allows for the full purchase price of eligible assets acquired with suitable finance to be deducted in the year of purchase. That means a much larger deduction that would be realised under the usual depreciation schedules. But the measure expires at the end of the financial year. Support is also available through a range of targeted commercial finance products including:- - [Business Overdraft ](https://jade.finance/business-loans/business-overdraft) - Insurance Premium Funding - Debtor Invoice Finance - Secured and Unsecured Business Loans Your Jade consultant will assist in advising which finance product will best suit the business requirements. Interest rates are of course top of mind for everyone considering any form of finance. The RBA has undertaken quite significant hikes in the cash rate which have resulted in higher lending rates in general terms. The Bank has said more rises will be expected but also has not ruled out the possibility of holding rates steady in the coming period. This was mentioned in the minutes of the latest RBA Board meeting. Our lenders, especially the non-bank lenders, do not automatically change their commercial finance rates in line with RBA decisions. Competitive and cheaper rates can still be achieved especially when utilising our expert services and industry-level contacts and accessibility. Regardless of the size of the business – SME, sole trader, partnership, large corporation, affordable commercial finance at better interest rates can be achieved to ensure the business is well-place the make the most of the opportunities ahead in 2023. **Contact Jade Finance 1300 000 008 to discuss commercial finance options to support your business operation.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Low Docs Loan Options](https://jade.finance/blog/low-docs-loan-options) **Published:** September 30, 2020 **Author:** Publisher **Content:** Sourcing finance and loans for some businesses can be a challenge, especially if you’re handling the process yourself. Not all businesses can meet the guidelines, tick all the boxes and adhere to the stringent loan requirements which are set by the banks in particular. Many non-bank lenders, the well-known finance companies, also have strict business loan requirements. In order to be eligible for business finance with most lenders and achieve an acceptable loan offer, businesses must provide certain specific financial records and other documentation. In addition, the business may have to meet other benchmarks such as trading time in business etc. The reality is, achieving those targets is not always possible in today’s current economic environment. There are many new start-ups and people starting out in business. There are people flipping full-time jobs in favour of running their own operation. There is a growing trend to self-employment and contractor status. All these situations and others may mean that a business operator does have all the documents required for a car loan, [truck loan](/truck-loans) or [equipment finance](https://jade.finance/equipment-loans). When that car, truck or equipment is an essential requirement in order for the business operation to function, the need for finance can become critical and often businesses are forced into accepting loan offers which are simply – too expensive to sustain. [Jade Finance](https://jade.finance) offers realistic pathways for businesses in these situations which may take you in the right direction achieving a sustainable and workable loan. We provide a specialist low docs loan service for business car loans, truck loans and equipment finance. ## **How Our Service Works** Our Low Docs Loans service operates on a very personal and individual basis. Your Jade consultant will discuss your situation and your requirements to get a full picture of both your business and the purpose of your loan. While major banks rarely offer low docs loans, we have other lender sources which are usually far more accommodating with their requirements in this area. We are accredited with many non-bank lenders which have more flexibility when it comes to business applicants who don’t have all the usual docs required for a standard business loan. Your Jade consultant will work towards sourcing you a loan offer based on your individual requirements. We handle the negotiations with the lenders so there is no need for you to address them directly. If we manage to source you an acceptable loan offer, your consultant will assist with the paperwork to finalise your application and proceed with settlement on your purchase. As many businesses in these situations hold-off on even applying for finance due to doubt as to how successful they will be, we offer a pre-approved loan service. This allows you to apply for a low docs loan before you start discussions with a seller in regard to your car, truck or equipment purchase. A pre-approved loan may save you the potential embarrassment of having to withdraw from a purchase due to the lack of a workable loan deal to make the necessary payment. With a pre-approved loan you’ll know ahead of time how much you can spend, based on what you’ve been approved for, and be in a more confident place to move forward with your purchase. The process for a pre-approved low docs loan follows the same format as for a post-purchase loan except it is arranged prior to purchase. Many people utilise this service as it provides them with surety around how much they are approved for and therefore they know how much they can pay for their goods. ## **Loan Options** There are 3 loan options in this category, each with slightly varying requirements:- - Low Docs Loans - No Docs Loans - ABN-only Loans For all of these loans you will require:- - Current ABN - Identification - Some form of simple accounts detailing income/expenditure. These may be prepared by the business owner. Professionally-prepared accounts not always essential Preferred requirements:- - GST registration with recent BAS returns Loan conditions vary depending on the level of docs provided and individual lender requirements. These may include:- - A higher interest rate will apply than for a fully documented loan. - Limit may apply to the total loan amount. - Lender may request a larger deposit be paid to reduce the total loan amount. ## **Types of Low Docs Loans** If eligible and accepted, [Low Docs Car Loans](https://jade.finance/car-loans/low-doc-car-loan) can be utilised for the purchase of cars used in the business, motor vehicles, trucks and a wide range of machinery and equipment. The full range of commercial finance facilities can be used with a low docs loan, subject to lender requirements. - Low Docs Chattel Mortgage - Low Docs Leasing - Low Docs Commercial Hire Purchase - Low Docs Rent to Own ## **Applying for a Low Docs Loan** The process for applying is quite simple – just give Jade Finance a call and discuss your requirements with one of our consultants. They will go through the documentation required and explain how the process will work and the timeframe involved. In requesting a quote, there is no obligation to proceed. If we are successful in sourcing you an acceptable loan quote, it is at that stage that you would will be have the opportunity to accept or reject that offer. If accepted, then the consultant will proceed to finalise the loan. **If you don’t have all the required docs for a standard loan, please call Jade Finance and discuss your low docs options. Call 1300 000 008** *DISCLAIMER: INFORMATION, DATA AND DETAILS OF GOODS, POLICIES AND PROGRAMS THAT IS PRESENTED IN THE ARTICLE IS INTENDED SOLELY FOR THE PROVISION OF GENERAL INFORMATION. UNDER NO CIRCUMSTANCE IS THIS INFORMATION INTENDED AS THE PROVISION OF FINANCIAL ADVICE FOR ANY INDIVIDUAL AND/OR FOR THE PURPOSE OF MAKING SPECIFIC INDIVIDUAL FINANCIAL DECISIONS. FOR ADVICE ON INDIVIDUAL CIRCUMSTANCES, READERS SHOULD REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPT FOR ERRORS, INCORRECT DETAILS OR INCORRECT PRESENTATION OF DETAILS OF GOODS, PROGRAMS, SERVICES, ETC AS PRESENTED. THE INFORMATION HAS BEEN SOURCED IN GOOD FAITH AS GENERAL INTEREST AND INFORMATION FROM MANUFACTURER, SUPPLIER AND GOVERNMENT WEBSITES.* **Categories:** Information --- ### [Loss Carry Back: Features and Benefits](https://jade.finance/blog/loss-carry-back-features-and-benefits) **Published:** November 21, 2020 **Author:** Publisher **Content:** The 2020/21 included many initiatives for both businesses and individuals especially in the area of taxation. Businesses have tended to focus on the asset depreciation measures included in the budget. Particularly the [temporary full expensing](https://jade.finance/blog/temporary-full-expensing-explainer) and the [Instant Asset Write-Off](https://jade.finance/blog/instant-asset-write-off-explainer) as these were, in part, an extension and expansion of measures already introduced earlier in the year. As they had been around for a while, most businesses were already across the benefits to their operation that they represent and at [Jade Finance](https://jade.finance), we had continued to bring these to your attention. A possible catalyst to purchase new company vehicles and trucks or invest in new equipment and be able to write off the cost in the year of purchase. (Subject to criteria of course). But there is another key measure in the budget that our team at Jade Finance has flagged as potentially and significantly presenting a benefit to business – [Loss Carry Back](https://www.ato.gov.au/about-ato/new-legislation/in-detail/businesses). While this is a measure used in business accounting, it may be worth doing at least a shallow if not a deep dive into how you can benefit from loss carry back. We’ve done that for you and provide this easy to understand overview and what it may mean to your business. ## **Definition** Loss Carry Back technically means claiming losses made by a business against profits made in previous years. Sounds logical, but it’s not how the system works under standard (pre-budget) ATO rulings. There have been a few loss carry back periods but they were for a limited time. Under the usual rulings, if a business makes a loss, then that loss can only be claimed against profit made in future years. Losses are carried forward so the business does not realise the benefit until the end of the following financial year. The benefit being reducing taxable income by the amount of the allowable loss. ## **New Rulings** Under the [2020/21 Federal Budget measure](https://archive.budget.gov.au/index.htm), a loss carry back comes into effect for a limited timeframe and subject to the eligibility criteria. - Eligible businesses include those with less than $5b in turnover. - Businesses that have paid income tax in the 2018/19, 2019/20 and 2020/21 financial years are eligible to carry back losses posted in 2019/20, 2020/21 and 2021/22. - Limits on losses apply, refer to specific ATO guidelines for full details. Behind the initiative is the thinking that due to COVID-19 impacts, many businesses will make a loss in the 2020/21 and possibly 2021/22 years but had previously made profits. So rather than cause these businesses to carry the losses forward against future profits well ahead, they can realise a tax offset in the shorter term. ## **Benefits** The key benefit is that by carrying losses back, the business may receive a cash refund in the relevant tax years rather than have to wait for years to come. The refund can be received at a time when it is much needed and can be used to support business growth through the challenging economic times. The cash refund may be used to further invest in the business which can contribute in general to economic growth and jobs creation. An additional issue to consider in context is IAWO and full expensing. If a business acquires assets such as cars, trucks and equipment and writes off the asset under the rulings, this may result in the business posting a loss for that tax year. Or a greater loss if a loss is already realised. So the accelerated depreciation measures may deliver an even larger tax benefit. On the flip side, it may present some businesses with the prospect of receiving a tax refund rather than having to set aside funds to pay an expected tax bill. ## **Impact on Business Finance** Any initiative that impacts asset acquisition is of interest to us at Jade Finance as it impacts lending. We see the loss carry back as a potential reason for business to acquire assets now which may result in a loss to the business in the annual accounts which can be carried back against previous profits. So if you purchase vehicles, trucks or equipment now or in this financial year and you made a previous profit, you may receive a cash tax refund on submitting your business tax return at 30 June 2021. Adding to the attraction of asset acquisition is the current [low interest rates business finance](https://jade.finance/business-loans/best-business-loan-interest-rates). It’s all subject to criteria and you will likely want a discussion with your accountant, but it is definitely worth investigating. ## **Selecting Suitable Finance** As a lender, our key interest in loss carry back is our customers selecting the most suitable finance facility for their asset purchases. The benefits that may be realised through IAWO and flow through to loss carry back are subject to selecting the right finance vehicle to acquire your assets. You can’t write-off or depreciate assets which are not listed in your accounts that is on the balance sheet. [Chattel Mortgage is the most suitable form of loan to acquire cars](https://jade.finance/business-loans/chattel-car-mortgage), trucks and equipment by businesses wanting to take advantage of asset depreciation measures. If you are interested in discussing these issues further in regard to finance for your business, please give us a call. **To discuss business please contact us and speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: THIS ARTICLE INCLUDES SPECS, DETAILS, DATA, POLICIES AND MATERIAL WHICH HAS IN THE MOST PART, BEEN SOURCED FROM THIRD PARTY SOURCES. NO LIABILITY IS ACCEPTED FOR ANY MISINTERPRETATION OF THAT MATERIAL OR ERRORS IN PRESENTATION. THE ARTICLE IS PROVIDED AS GENERAL INFORMATION FOR READERS AND IS NOT PROVIDED WITH ANY INTENTION THAT IT BE USED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. IT IS NOT OFFERED AS FINANCIAL ADVICE AND IS NO WAY INTENDED AS SUCH. THOSE THAT REQUIRE ADVICE AROUND THEIR INDIVIDUAL FINANCIAL SITUATION SHOULD SEEK CONSULTATION WITH A FINANCIAL ADVISOR* **Categories:** Information --- ### [Loans to getaway in your own way](https://jade.finance/blog/loans-to-getaway-in-your-own-way) **Published:** November 8, 2020 **Author:** Publisher **Content:** We’ve had to follow Government directions throughout 2020 to keep us all safe from COVID-19. Lockdown rulings, restrictions, border closures, venue capacity limitations – Federal, state and territory Governments put it out there, and for the most part we obliged. But now there is a new ‘direction‘ from the Federal Government that is still related to coronavirus but represents something far more appealing and acceptable – the want us to go on holiday for the sake of the economy! Oh yes, bring it on! [Tourism Australia Travel Inspiration](https://www.australia.com/en/travel-inspiration.html "Tourism Australia Travel Inspiration") which is designed to inspire (who needs inspiration to holiday after months of lockdown) Aussies to get out into our regions and support the tourism and other businesses that have been seriously affected by the coronavirus pandemic. With international travel, both incoming and outgoing, on the never never timetable for now, holidaying in Australia is the way to go. The new campaign features comedian Hamish Blake and his partner Zoe Foster-Blake and highlights places, destinations, experiences and adventures in each state of Australia. Tourism Australia MD, Phillipa Harrison said the goal of the campaign is to urge Australians to provide a boost to areas that have been impacted by both the bushfires of 2019/20 and of course by the coronavirus pandemic travel restrictions. The campaign was originally launched in early 2020 but revised and re-launched in October 2020 to reflect the changed scenario. While [Simon Birmingham, Federal Tourism Minister,](https://www.trademinister.gov.au/minister/simon-birmingham) is encouraging people to travel by air to these destinations, we know that our [Jade Finance](https://jade.finance) customers might like to holiday their way – by boat, caravan, car or even motorbike. So we’re making that a possibility with great loan offers on car loans, boat loans, motorbike loans and caravan finance. Many of the suggested destinations and experiences included in the Holiday Here This Year campaign can be accessed by road and some by water so you can plan your personalised itinerary. ## **Holiday Here Destinations** The campaign website [https://www.australia.com/en/travel-alerts/coronavirus.html](https://www.australia.com/en) has a section for road trips and self-drive holidays which is an ideal planning port for car, caravan and motorbike travellers. Owners of trailer boats can also join in the action. Some of the suggestions include:- - [Huon Valley in Tasmania](https://www.huonvalley.tas.gov.au/) – abundant food and magnificent wines. - Yass Valley in Victoria – another area with loads of local food production and wine to sample and purchase. - [Hunter Valley in NSW](https://www.visitnsw.com/destinations/hunter/hunter-valley) – more wine and more food in another state. Why not put this one together with Huon, Yass and Adelaide Hills and do a national food and wine tour? - [Avon Valley in WA](https://www.destinationperth.com.au/explore-perth/avon-valley/) – while we’re covering valley holidays, this one takes you just an hour from Perth but to a wonderful world of country escapism. - Canberra and the Snowy Mountains – getaway from Sydney and visit the national capital and head on to the Snowies. Whilst in Canberra, view the latest exhibition at the National Gallery of Australia and the recent extensions to the National War Memorial. - [The Whitsundays including Airlie Beach](https://www.tourismwhitsundays.com.au/airlie-beach/accommodation/ "Airlie Beach Accommodation") – idyllic and abundant, there is so much to do and see in this area of Queensland. Drive yourself, take your boat to launch and explore the reefs and fishing and enjoy! ## **Getaway Loan Offers** To make your getaway a reality you’ll need that car, caravan, boat or motorbike. That’s where we come in with [cheap car loans](https://jade.finance/car-loans), caravan, bike or [boat finance](https://jade.finance/boat-loans) to allow you to follow the Government directive and holiday! For consumer goods purchases, the most popular form of loan we offer is the Secured Loan. Jade Finance Secured Loans follow a standard and widely accepted format for personal consumer loans. The goods are offered as security against the loan and the borrower repays the loan in equal monthly repayments over the term of the loan. Unlike the sometimes distant and generalised loans offered by some banks and finance companies, Jade Finance offers a highly personalised loan service. You are assigned a consultant who brokers your loan to best suit your requirements. Your consultant sources the best interest rate from our large lender panel which then forms the basis for us to structure you the cheapest loan possible. The interest rate is fixed so you don’t have to worry about reviewing and revising your loan as the official cash rate changes as per the RBA’s decisions. The repayments are fixed and in equal instalments so you can budget ahead to allow funds for experiences while you holiday. ## **Making Holiday Plans** Jade Finance acts quickly in response to your request for a loan and can provide quick quotes, fast loan approvals and prompt loan settlement. So if you want to move quickly with buying that car for your road trip or other goods, we can assist. With that new car, boat or a [Cheap Caravan Finance](https://jade.finance/caravan-loans), you can enjoy great holidays across Australia for years to come, supporting the hard-hit regions and having a great time on the way. **To discuss boat, car, caravan and motorcycle loans please contact us and speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: THIS ARTICLE INCLUDES DATA, SPECIFICATIONS, INFORMATION AND OTHER MATERIAL WHICH HAS BEEN ACQUIRED VIA VARIOUS SOURCES, GENERALLY AVAILABLE IN THE PUBLIC DOMAIN FROM MANUFACTURERS, GOVERNMENT ORGANISATIONS AND SUPPLIERS. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN THE PRESENTATION AND INTERPRETATION OF THIS INFORMATION. THE ARTICLE IS PROVIDED FOR GENERAL INFORMATIVE PURPOSES AND NOT AS THE SOLE BASIS FOR MAKING FINANCIAL DECISIONS. IF ADVICE ON INDIVIDUAL FINANCES IS REQUIRED, IT IS RECOMMENDED THAT READERS REFER TO A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Loans and Finance: Our 2021 Guide](https://jade.finance/blog/loans-and-finance-our-2021-guide) **Published:** January 15, 2021 **Author:** Publisher **Content:** Following a disruptive 2020 it’s time to take an overview of the lending scenario for 2021. We’re not in the market for making predictions per se, but encapsulating what’s on offer and how you can access personal loans and [business vehicle finance](https://jade.finance/business-loans/business-car-finance) for a wide range of purposes. We’ve even included a handy list of diary dates and reminders to keep you on track through 2021. ## **Changes to Consumer Credit Laws** In a pre-2020/21 budget announcement, the federal government announced [proposed changes to consumer credit laws](https://treasury.gov.au/consultation/c2020-124502). The changes were identified to simplify accessing credit, especially home loans, to increase the flow of credit into the economy. The changes are flagged to come into effect in April 2021 but the stakeholder consultation process is still underway and there is push-back from some sectors. We covered the detail of these changes in an article, so please check our library for details. ## **Interest Rate Prospects** Interest rates are at historic low levels as a result of the RBA’s decisions in 2020 to cut the official cash rate twice as part of their policies to stimulate the economy to counter the effects of COVID-19. Most economic analysts expect rates to remain low but it will dependent on [global economic conditions](https://www.imf.org/en/Publications/WEO) and Australian GDP and unemployment figures as to how the RBA board will go in terms of further changes. In terms of Jade Finance loans, with the exception of some [unsecured personal loans](https://jade.finance/personal-loans/unsecured-personal-loans), our major finance and loan categories are negotiated at a fixed interest rate. So any loans arranged through Jade at fixed interest rates will not change as a result of changes by the RBA to the official cash rate. You can lock in a loan now at a fixed rate and your rate and repayments will remain at those levels through the loan term. ## **Personal Loan Options** Our Secured Loan remains the preferred option for most consumer purchases such as [cars](https://jade.finance/car-loans), [bikes](https://jade.finance/bike-loans), [boats](https://jade.finance/boat-loans) and [caravans](https://jade.finance/caravan-loans). Our rates remain highly competitive across these sectors as you can see on our lender comparison calculators. If you’re planning a purchase, use our calculators for repayment estimates to make those all-important choices over different makes and models. ## **Alternative to a Pay Rise** Slow wage growth has been a dominant feature of the Australian economy for some time. If you’re an employee and you’re thinking of asking for a pay rise this year, why not consider an alternative – [Novated Car Leasing with Salary Sacrificing](https://jade.finance/car-loans/novated-car-leasing-salary-sacrificing). Yes it does involve sacrificing part of your wages but there are benefits to both employee and employer. Read all the details on our web page or speak with one of our consultants about how this could work for you. ## **Business Finance Options** [Instant Asset Write-Off](https://jade.finance/blog/extension-to-iawo) was the catch-cry of 2020 as car dealers, manufacturers and yes, lenders such as Jade, continually reminded buyers of this tax measure to encourage business. Accelerated asset depreciation via [temporary full expensing](https://jade.finance/blog/temporary-full-expensing-explainer) is still available through this financial year and beyond to some eligible businesses. Check out updates at [www.ato.gov.au](https://www.ato.gov.au/) Our range of commercial finance facilities remains unchanged for 2021 with leasing, rent to own, CHP and Chattel Mortgage all available along with our specialised business finance products. ## **Insurance and CTP** When taking out finance, lenders will require you to also take out insurance. If you are looking for a policy on a new car, boat, bike, truck, caravan or equipment it’s smart to shop around. The insurance market, especially cars, is highly competitive and there are many providers. But read the policy details closely so you know what you’re getting. ## **New Business Finance Options** COVID-19 has caused many people to rethink and reimagine their working life and many have moved to setting up their own businesses either as a full-time operation or to supplement their income. New businesses can find sourcing finance a challenge but Jade can assist with [ABN Car Finance](https://jade.finance/business-loans/abn-car-loans) and [Low Docs Vehicle loans](https://jade.finance/car-loans/low-doc-car-loan) available across our portfolio. ## **Tax Incentives and Grants** Many wage earners received tax cuts from November 2020 and more should be in line to receive theirs after 1 July. The government has also presented businesses with a range of measures with IAWO and other policies. Some of these are still in play so check out what you may be entitled to at ATO.gov.au. Interest is focussed on whether or not the government will announce any further targeted packages for sectors such as hospitality and tourism in the wake of the announcement that international travel borders will remain closed for 2021. State governments are also offering grants at different times so stay connected to your relevant state department for updates and offers. ## **Calendar Call-Outs** - [End to JobKeeper in March](https://www.abc.net.au/news/2020-10-11/treasurer-josh-frydenberg-defends-the-federal-budget-on-insiders/12752102) - April – proposed changes to change consumer credit laws come into effect. - May – Federal and state budgets. Will there be more relief offered? - June – tax time and EOFY sales – be ready with a pre-approved Jade loan. - Renewals – keep an eye on when your driver licence, car rego, boat licence, caravan rego and other annual renewals are due and pay on time to prevent penalties. - New car model releases will be happening throughout the year. - Full schedule of caravan and outdoor shows is set, refer to caravan industry sites for details. Stay connected with Jade Finance for free access to our loan calculators and lender comparisons and informative articles, tips and advice. **To discuss your loans and finance needs, contact Jade Finance Call 1300 000 008** *DISCLAIMER: THE CONTENT IN THIS ARTICLE IS PREPARED SOLELY FOR GENERAL INFORMATIONAL PURPOSES. THIS CONTENT IS NOT PROVIDED AS FINANCIAL ADVICE. IF YOU REQUIRE ADVICE AROUND YOUR PERSONAL FINANCIAL SITUATION IT IS RECOMMENDED THAT YOU CONSULT WITH A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED IN REGARD TO ERRORS OR MIS-REPRESENTATION OF CONTENT AS IT PERTAINS TO GOVERNMENT MEASURES AND POLICIES, PRODUCTS SPECS AND DETAILS AND OTHER DATA AS SOURCE VIA THIRD PARTIES.* **Categories:** Information --- ### [Loan quote not the same as the finance calculator display? Find out why.](https://jade.finance/blog/loan-quote-not-the-same-as-the-finance-calculator-display-find-out-why) **Published:** January 22, 2024 **Author:** Publisher **Content:** Before applying for a loan, you use a finance calculator and then you receive a credit quote only for the monthly payments to be different from the amount displayed on the calculator. What went wrong? Did you enter the incorrect figures? Was the calculator misfunctioning? This is not an uncommon scenario and a question we have addressed in our FAQs. Borrowers use an online calculation tool then get an offer or quote which differs from the device result. The reason for this discrepancy lies in the purpose of these online tools, their functionality and users have a complete appreciation of what the results obtained represent. We strive to provide customers with reliable tools and resources to improve their credit acquisition experience and to provide easier access to information to guide buying decisions in the initial stages. In providing these online [calculator finance](https://jade.finance/ "Empower Your Financial Planning") tools we want customers to get the most benefit from their use. To support the experience, we highlight key aspects of using an online estimator and correctly interpreting the results obtained. ## Purpose and Objective of a Finance Calculator **A finance calculator is an integral part of the Jade Finance suite of online buying tools to assist customers to ascertain loan estimates to be used as a guide.** After using the device, users are encouraged to request a credit quote. The function of this device is to compute loan repayments for the amounts that are entered for the term, the interest rate and borrowings. The result shown per month, may provide buyers with an estimate that they can then use as a guide when considering purchases requiring credit. It’s easy and free to use and allows users to quickly change the borrowing value to compare estimated repayments for goods at varying costs. With these figures as a guide, buyers may focus on goods in their affordable price bracket. When using this device, the major aspect that users need to appreciate is what is not assessed when making these computations. That is, their credit profile and therefore what interest rate they may be offered. And, the charges that would apply to establishing their particular funding arrangements. The credit rating, score and profile forms and integral part of a lender’s assessment of each credit application and from there, the rate the lender applies to the loan and from that, the repayments. The interest rates displayed by lenders will usually state that the rate applies to new goods and for borrowers with a good credit score. If a borrower has a sub-good score, they may be assessed as a higher risk and a higher rate offered. If you are unaware of your credit rating, the [Moneysmart](https://moneysmart.gov.au/ "Your Guide to Smart Financial Choices") website offers a range of information on how to find out more. The other exclusion from estimating tool results is lender charges. There are a range of fees associated with taking on credit. They can vary with the type of credit product and with the lender. As we are accredited with in excess of 80 lenders, until we source the best quote and offer and the right lender, the fees are an unknown quantity. As noted in the disclaimer, these fees are not included in estimator results. When using an online estimator, users can vary any of the values entered to allow for these contingencies, if desired. The tool has great flexibility and versatility with the easy way that buyers can simply change the figures they enter. ## Differentiating Finance Calculator Results and Loan Quotes Understanding some of the key terminology used in the lending sector may enhance the estimator using experience and the overall credit sourcing process for those seeking credit. Importantly, differentiating between what is an estimate and what is a quote or credit offer. An estimate as provided by an online device is a general, ballpark figure based purely on the basic data entered. No credit assessment or lender fees are included. When an estimate meets a buyer’s expectations or affordability range, they can proceed to request a quote. An estimate generated by this means is not a quote and is does not signify an application has been submitted. A quote or offer as sourced by our brokers, requires providing details for the application form. For consumer credit, this is in line with [ASIC ](https://asic.gov.au/ "Navigating Financial Regulations and Compliance")regulations around Consumer Credit Laws. Requesting a quote does not signify a commitment to proceed with any offer received. The quote or offer signifies approval for credit to that person or entity by that lender. It includes the best rate we have obtained, applicable to that specific applicant’s credit profile, for the goods as described, and the monthly repayment schedule. When an offer is made, buyers have the opportunity to accept or reject the offer. When an offer is accepted, the credit contract is prepared and when signed by the buyer, is a commitment. With these clarifications, users of our tools and resources should be better equipped to source the information they require for their credit needs. At any time, our brokers can be contacted by phone or online to discuss individual requirements. **After using a finance calculator [contact Jade Finance](https://jade.finance/contact-us "Reach Out for Your Financial Needs") on 1300 000 008 for a quote.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Loan Interest Rates : RBA March Announcement](https://jade.finance/blog/loan-interest-rates-rba-march-announcement) **Published:** March 7, 2022 **Author:** Publisher **Content:** Especially for those needing to replace goods lost in the floods or businesses seeking finance to support their operation through the crisis, the [RBA March announcement](https://www.rba.gov.au/media-releases/2022/mr-22-05.html) to keep interest rates on hold will be welcomed. For those looking to purchase a new car, boat, caravan motorbike, truck or equipment with finance, the decision to keep the official cash rate low will mean a continuation of current low loan interest rates. The RBA Board meets monthly to make a decision on the official cash rate and the March meeting coincided with the emerging flood disaster on the east coast and the emerging crisis in the Ukraine. Both events with the potential to impact the Australian economy moving forward. While the flood situation had not fully developed when the Board met on Tuesday 1 March, the Ukraine situation was mentioned in the statement issued by the RBA. It was noted a new basis for uncertainty. The RBA has been facing quite a barrage of calls from economists, finance commentators and analysts in the sector to raise rates. Initially started in response to the over-heated property market in 2021 and more recently due to the surge in inflation. But the RBA Board once again stated its firm position of being patient and providing supportive settings in monetary policy to achieve the unemployment and inflation targets. Targets the RBA is seeking before moving on interest rates. The RBA March announcement notes the continuing global pandemic recovery and the sharp inflation rises in some counties due to supply disruptions and energy pricing. It was also noted that Australia continued to show resilience with a pick-up in business investment and consumer spending. Dr Lowe, the Governor of the Reserve Bank of Australia (RBA) said that the 4.2% unemployment figure was evidence of the Australian economy’s resilience. The lowest unemployment figures in a 14 year period. Wages growth however, while picking up somewhat, remains at a low rate. The inflation rate growth has been acknowledged as rising faster than expected by the RBA. The central bank’s forecast for underlying inflation is in 3.25% range for 2022 and 2.75% in 2023. The reasoning behind the forecast being a more regular consumption patterns returning and supply chain issues being resolved. The bank’s target for inflation in order to signal a possible rate rise is sustained in the region of 2-3%. It does not see the current situation being conclusive that the current rate will be sustained. While some analysts predict rates will rise in 2022, possibly in June and thereafter several times over the following months, the RBA Board continues to repeat its commitment to patience. It is holding its stance to achieve closer to full employment and target inflation before increasing the official cash rate. The Board next meets in early April. By this time the Federal Budget will have been delivered and the impacts of the war in Ukraine on supply issues and energy prices as well as the financial impact on the economy of the devastating floods will be clearer. ## **December Quarter Accounts** Also announced in the first week of March were the December quarter [National Accounts](https://www.abs.gov.au/statistics/economy/national-accounts/australian-national-accounts-national-income-expenditure-and-product/latest-release) figures. While probably not totally relatable for many individuals, the data is significant for Government policy and business confidence. Announced by Federal Treasurer Frydenberg, the figures reveal that the Australian economy grew by 3.4% in the quarter. The largest growth rate in 46 years. This showed, according to the Treasurer, that the Australian economy had outperformed many other nations with one of the strongest post-COVID recoveries on a global basis. Mr Frydenberg noted the increase in spending especially in NSW and in Victoria post-lockdown which indicated that the economy’s recovery had not been put off the rails as a result of Omicron. A sentiment shared by the RBA. The Treasurer will bring down the Federal Budget later in March and many will be watching for what measures will be introduced to assist their situation. Particularly in the area of taxation. ## **Rate Decision Impacts on Loans** So what do decision by the RBA Board on interest rates mean for [consumer loans](https://jade.finance/personal-loans/interest-rate-calculator) and [business finance](https://jade.finance/equipment-loans/equipment-finance-calculator)? In short, a lot. The lending sector set their own rates on their different types of loans and across their own markets by using the official cash rate as somewhat of a base starting point. The official cash rate is set by the RBA and any increases or decreases are usually followed by changes in lending rates. The degree to which individual lenders adjust their lending rates based on RBA moves vary across the sector. While the RBA continues to hold the cash rate at historic lows, loans across many markets remain extremely attractive. As the RBA Board describes it, the lending conditions are extremely ‘accommodative’. Although it should be noted that some banks and lenders have already increased their rates in expectation of a rate rise this year. This predominantly relates to the home loan market. A lending sector which differs in many ways to consumer and business loans for goods such as [cars](https://jade.finance/car-loans/car-loan-interest-rates), bikes, trucks, equipment, boats and caravans. At Jade Finance, these are our key lending markets and our rate remain low, as usual, across our loan portfolio. Those considering applying for a loan should appreciate that interest rates shown by lenders, including Jade, refer to applications for new goods by applicants with a good credit rating. Loans for bad credit and for used goods may attract a different rate. With rising costs of living, achieving the lowest interest rates on new loans and at a fixed rate, may work towards buffering the impacts of price rises on other goods over the term of the loan. To see how a higher interest rate can affect loan repayments, simply refer to our loan calculators. While the RBA left rates on hold for March, the message is still to act swiftly if considering a purchase with finance to avoid the impact of possible rate rises later in the year. **Contact Jade Finance 1300 000 008 for quotes on both consumer and business loans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Lightweight caravans address towing issues for EV, medium SUV owners](https://jade.finance/blog/lightweight-caravans-address-towing-issues-for-ev-medium-suv-owners) **Published:** August 5, 2024 **Author:** Publisher **Excerpt:** With lightweight caravans addressing towing issues, Jade Finance addresses affordability issues with the best interest rate finance on all RVs. **Content:** A major obstacle to enjoying the caravan experience for many people is lack of a vehicle with the required towing capacity. Many not being in a position to acquire a new 4×4, cab chassis or large SUV as well as buy a RV. If this is you, then good news. There are lightweight caravans on the market, some currently at significantly reduced prices, which are rated for towing by some EVs and compact SUVs. Manufacturers are addressing aerodynamics and towing capacity with construction techniques which reduce the weight of the caravan. Opening up the RV market to many that may otherwise not be in a position to enjoy the experiences and lifestyle offered by caravan ownership. We’ve compiled details of some of the lightweight caravans currently available at reduced prices for buyers to consider. To make the purchase even more affordable, as specialists in recreational vehicle lending, we offer the most competitive caravan finance deals on the market. ## Lightweight Hybrid Caravans from Titanium For buyers new to the caravan scene, a hybrid is a style of RV which is a cross between a traditional caravan design and a camper trailer. It is typically suited to travellers wanting to go off-road with a narrower design, typically the same as the towing vehicle, to more easily take on narrow trails and tracks. These models have the same permanent structure walls as a caravan but with camper trailer style towing capability and suspension. Victorian-based Titanium Caravans offers a trend-setting selection of hybrids which includes lightweight models using the Euro-style technique of composite construction. This technique reduces the weight of the vehicle and hence increases the towability by smaller vehicles. Titanium has recently launched a new model in its hybrid ranges, the [HS1](https://titaniumcaravans.com.au/models/hs1). This vehicle has fibreglass constructed sandwich panels for the walls, hatches and the roof and a floor constructed with the honeycomb technique. The result is still the ruggedness for which the brand is well-known, but with a much lighter overall weight. Making it more suited to towing behind a wider range of cars, including some EVs. Buyers new to the caravan market should know that when purchasing new models, manufacturers typically offer buyers choices with layouts. On the HS1, Titanium offers a number of layout options so owners can have their hybrid caravan set up to suit their specific travel and holiday style. How much will a HS1 cost you? Titanium Caravans are advertising a price from just over $122,000. Using our [Caravan Finance Calculator](https://jade.finance/caravan-loans/caravan-loan-calculator), buyers can convert that figure to caravan loan repayment estimates. Tip for first-time buyers – caravans typically come with a range of options and extras. Add an amount to cover these when calculating estimates. **Current Deals on Lightweight Caravans** To make the prospect of buying a lightweight caravan even more attractive, several models are currently being offered by [Apollo RV](https://www.apollorvsales.com.au/latest-offers/sale) at significantly reduced prices. These models include from the Adria collection, with prices cut by up to $25,000. But the advertised deal is for ‘floor stock’ models. Quantities may be limited and demand may be strong. To ensure you secure your preferred model, contact us ahead of a showroom visit to lock in your caravan loan. EV and medium vehicle owners may also be interested in the Adora model also on sale through Apollo. The PH Sport has had a price reduction to just under $62,000 from the previous pricing of over $85,000. This caravan is described as a ‘couples ensuite’ model with 1610 kg tare and 2050kg ATM. This weight range may bring this model into the towing capacity of some EV models and compact-medium sized SUVs. The styling is described as ‘ground-hugging’ with this particular model noted as one which presents a very safe vehicle for towing. Prior to buying, buyers should confirm the specific towing capacity of their vehicle with the vehicle manufacturer. Other deals can be found on the 542 PH Sport by Adora at just under $57K and the 261 LT from Adria for under the $50k mark. Compact SUV and EV owners should note the 361 as a micro caravan with lower weights suited to towing by many of these types of cars. ## Best Rates, Deals on Lightweight Caravan Finance With lightweight caravans addressing towing issues, Jade Finance addresses affordability issues with the best interest rate finance on all RVs. As specialists in the RV lending market, we are known for our competitive rates and [best deals on loans](/caravan-loans) for all types of new and second-hand caravans including lightweight models. Providing affordable options for more people to get into caravanning without the added expense of purchasing a cab chassis, 4×4 or larger SUV as the towing vehicle. No obligation quotes can be obtained via our online enquiry system or by phone with one of our brokers. Financing can be arranged and approved prior to purchase to allow buyers to capture available deals on limited stock. To find out more about loans for lightweight caravans, speak with us or simply submit your finance application. **Address affordability issues with best finance options on lightweight caravans from Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Lifestyle After Lockdown](https://jade.finance/blog/lifestyle-after-lockdown) **Published:** May 26, 2020 **Author:** Publisher **Content:** The restrictions are being lifted and it’s time to let go and get out and recapture your life. Or create a new-style of life after lockdown. Life won’t be quite the same as it was before coronavirus, at least for some time to come or until a vaccine is available. So you might have to adapt some aspects of your life and that may involve major purchases – both for fun and to make your life easier. We’ve taken a look at what that might involve. ## **Cars** New social distancing rules mean [capacity](https://www.smh.com.au/national/nsw/capacity-slashed-in-sydney-coronavirus-public-transport-overhaul-20200518-p54twm.html) on public transport has been drastically reduced. This means less passengers allowed on buses, trains, trams and ferries and possibly much longer commute times if you public transport is your preferred mode of travel to work. If you use a share car service, they are likely to be in high demand and hard to book. So now may be the right time to buy a car. If you’re primarily going to be driving to/from work then a small sized, city style vehicle is a good option. But what about weekends? Getaways are back on the agenda and that means – road trip! You’ll need a car large enough to take your sporting equipment, luggage and friends and have the creature comforts to keep you comfortable and entertained for the long drives. New or used? Always a controversial topic so if you ask around for opinions – you were warned! New car dealers experienced a downturn during the crisis and will no doubt be enthusiastic to offer great deals to move stock. And watch out for EOFY clearance specials as they are usually huge. Used car are always in good supply and you have a choice of buying privately, at auction or from a dealer. It’s wise to review your consumer rights through your [state government department](https://www.qld.gov.au/law/your-rights/consumer-rights-complaints-and-scams/buying-products-and-services/buying-products/buying-a-car/buying-a-used-car/warranty-for-used-cars) so you are aware of warranty coverage in your state. Whatever car you choose and from whoever you purchase, Jade Finance can assist with [cheap car loan rates](https://jade.finance/car-loans/car-loan-interest-rates). To provide you with greater confidence in entering discussions with a seller, speak with our consultants about a pre-approved car loan. Knowing you have the loan sorted upfront can greatly ease the pressure of the car buying process. ### **Boats** Owning a boat is on many people’s wish lists and bucket lists and no doubt many more joined the ranks during lockdown. Getting out and about on the water will be even more enjoyable after months of restrictions. So which boat to buy? Consider how many people you want to take on the boat; what you want to use it for – fishing, general relaxation, overnighting, water skiing; on what waterways you will be boating; sail or power; and very importantly where you will moor or store your boat. If considering a trailer boat you also need to ensure you have a suitable vehicle to tow the boat and trailer. New or used? That decision is likely to come down to budget. To assist with decision making, use our online [boat loan calculator](https://jade.finance/boat-loans/boat-finance-calculator) to calculate a rough estimate of monthly repayments on different boats while you are browsing selections online. It allows you to easily compare models, brands and new and used in the same category. Once you’ve made your decision, your Jade consultant can sort out your boat loan and don’t forget to include all the safety equipment and other essential gear you may need in the loan amount. ### **Caravans** Yes, the open road is once again beckoning. Well not the full length, depending in which state you live, but at least to the border. After months in lockdown, the freedom and open air of caravan life is looking very, very appealing. The first thing is to decide which type of van you will buy: traditional caravan, camper trailer, pop-out, pop-up, toy hauler, off-road caravan, RV or motorhome. Then comes size which will be determined by the number of people you want to accommodate; where you intend to travel; and the towing capability of your car. New or used? Unless manufacturers have some showroom stock, many new caravans are built to order. Great if you want to customise to suit your preferences but if you’re in a hurry to buy, you may not want to wait. Speak with the dealers as to what is available new to suit your timeline or consider the used market. Before you start looking, why not speak with Jade Finance and get your [caravan loan](https://jade.finance/caravan-loans) pre-approved. ### **Motor Bikes** Motor bike fans never need an excuse to buy a new motorcycle but emerging from lockdown into uncertain times sounds like a great reason for a new bike. Perhaps you want to smash the commute and avoid public transport; set-up a side hack in a delivery service; travel to regional areas for holidays; or head off-road for some high energy excitement. Whatever you want to purchase to enhance your life and lifestyle, Jade Finance can support you with a [cheap motorcycle loan](https://jade.finance/bike-loans) to make it happen. **Contact Jade Finance 1300 000 008 and discuss your requirements with one of our highly trained consultants.** **Categories:** Information --- ### [Keeping interest rates steady on RBA agenda](https://jade.finance/blog/keeping-interest-rates-steady-on-rba-agenda) **Published:** March 27, 2023 **Author:** Publisher **Content:** After a run of 10 consecutive interest rate rises, those planning to apply for finance may be extremely pleased to know that keeping rates steady is back in the Reserve Bank of Australia (RBA) Board’s considerations. The prospect of a halt or a pause to rate rises was initially raised in the minutes of the Board’s December monetary policy meeting. But that option was not included in the February meeting discussions, based on the minutes. But the prospect of a pause to these interest rate rises is now under consideration with the Board agreeing to consider if the economic conditions suit such a move at its 4 April meeting. This was revealed in [the minutes of the March meeting](https://www.rba.gov.au/media-releases/2023/mr-23-07.html "RBA Media Release: Minutes of the March Meeting") which were posted to the RBA website this past week. Reading the complete minutes may be of interest to some people, especially business owners, as the discussions include a range of topics covering many aspects of both the Australian and international economy. Points of discussion may be picked-up which specifically relate to your sector and may provide clarity as to the outlook for the industry. **For individuals and businesses planning finance, Jade Finance has extracted key discussion points re interest rates from the RBA Board’s March meeting**. ## **Key Discussion Points – RBA Board March Meeting** - Internationally, inflation is still very high and exceeds the central bank targets in many advanced economies. - Inflation in Australia also still too high. - January figures as released by the Australian Bureau of Statistics ([ABS](https://abs.gov.au "Australian Bureau of Statistics")) show a rise in unemployment. The seasonal nature of January data has potential for volatile data. The Board agreed to wait for the February data to see if the January increase indicated a change or just a seasonal anomaly. - The absence for now 3 years in any growth in productivity was of particularly concern to the Board. This has meant that businesses have not had a productivity increase to offset the increasing labour costs. - The productivity growth issue may cause the rate of inflation to stay high for longer. - Based on the Consumer Price Index for January, the outlook is for inflation to ease in the March quarter. However, it is noted that figures for individual months can be volatile. - The financial market’s expectations for how high the cash rate will go have change. - The most important figures that have been released in the past month have been softer than expected. These include the GDP figures, unemployment rate, wages growth and inflation. The Board discussed whether this was a sign of weaker demand than was assumed. It was decided that there were reasons not to place too much weight on the data for just the single period. - The Board decided that another interest rates increase – tightening of monetary policy, was required as inflation rate still remaining high and forecast to stay over the target for another two years. - The outlook for interest rates from the Board is that more rate rises will likely to be required. - The Board discussed how interest rates had reached ‘restrictive territory’ and discussed the pressures this was causing. - The outlook continues to be uncertain for the Australian economy. - The Board considered the current rates position, the uncertain outlook and other economic indicators and agreed that the situation was nearing the point when it would be apt to put the cash rate on hold. - The Board discussed the lag in the time between when changes were made to monetary policy (rate rises) were actually realised in the data and the complications that presented in assessing the outlook. - The Board agree that at the next monetary policy meeting, the case for holding the cash rate (no rate rise) would be discussed. As was announced on 7 March, the Board decided on a further 0.25% increase in the cash rate at that meeting. ## **What this means for lending interest rates** For individuals planning loans for goods such as new cars and for business owners with plans underway to acquire new assets with finance, these discussions essentially mean the interest rates outlook remains uncertain. There is a possibility that in April rates could be left unchanged and also the possibility that we could see a further increase. Any changes to the cash rate can have impacts on consumer and [business finance interest rates](https://jade.finance/business-loans/best-business-loan-interest-rates) as banks and lenders pass on their increased costs to customers. With further rises flagged, it may be concluded that we will see more increases in the coming months. That is the opinion of some of the major banks, though Westpac reduced its forecast for the peak of the cash rate to 3.85% recently. What is sure to influence the Board’s April decision is the problems emanating from the US banking sector and with Credit Suisse in Switzerland. These issues have recently seen both the US Federal Reserve and the UK’s central bank increase rates. The next meeting of the RBA Board is 4 April. **To secure cheaper interest rates on personal loans and business finance, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Just Launched: New Lender Comparison Calculator](https://jade.finance/blog/just-launched-new-lender-comparison-calculator) **Published:** December 4, 2020 **Author:** Publisher **Content:** The premise and foundation of our business at [Jade Finance](https://jade.finance) is achieving better interest rates and cheaper loans for our customers. We’ve built a business on that basis and have provided cheap loans for our customers for 20+ years. Now we’re really putting it out there with the release of our new lender comparison tool. We’re putting ourselves up against some of the leading consumer finance lenders in a highly visible way. We give you the chance to actually see for yourself how Jade’s cheap interest rates come out when compared with others on loans for bikes, boats, cars and caravans. Our Lender Comparison device is now live across our website and we invite you to try it out and see what you think. You can easily see why we continually go on about how we can achieve cheaper interest rates and why a better interest rate is so important to achieving a cheaper loan deal. We’ll take you through how it works and then you can have a go for yourself and [calculate estimated repayments on the boat](https://jade.finance/boat-loans/boat-finance-calculator), car, caravan or bike of your dreams. Open it in another browser while we take you through the features and benefits of this exciting new development. ## **Jade Finance Loan Comparison Function** In its current format, our lender comparer is set up for consumer loans only, not business finance. The interest rates displayed and formatted into the calculations are our consumer/personal loan rates not our business finance rates. It also does not have the option for a balloon/residual which are available with business finance products. To calculate repayment estimates on business acquisitions such as cars, trucks and equipment, continue to refer to our repayments calculators. - The Lender Compare tool or device is set-out in a chart format with online functionality which you are probably extremely familiar with. - In the first column you’ll see the names of some leading lenders that offer consumer finance. Jade Finance heads the list. - Moving across the columns, you’ll see the current advertised interest rate, the comparison interest rate and finally on the far right column, the repayment result. - Above the chart there are two fields: one for the loan amount and one for the loan term. - Simply enter the amount you want to borrow to purchase your car, bike, boat or caravan in the loan amount field/box. This may be the full purchase price or the purchase price less your trade-in or a deposit that you are choosing to pay upfront. - Then enter the loan term as the number of years you would like to repay that loan. The average personal consumer loan is 4 years but can be longer for higher priced boats. - As you enter the amounts the device automatically calculates the repayment and displays the result in the end column. - Our team update the lender interest rates regularly so the device will be as current as possible. You can see for yourself how [Jade’s cheaper interest rates equipment finance](https://jade.finance/equipment-loans/best-equipment-rates) can result in a significantly lower repayment figure when compared with a range of other lenders. This saves you the time of browsing multiple different lender websites to source interest rates and repayments. We’ve brought it all together in the one place for your convenience. There are a few things to keep in mind when using the lender comparison tool. - This is provided for the purpose of comparing what a range of lenders including Jade Finance are offering by way of interest rates. - The repayment displayed is a simple calculation based on compounding that interest rate for the loan amount and term requested. - It does not have the functional capacity to allow for individual lender fees and charges or to predict individual aspects of your credit application. - The repayments displayed are not an offer or a quote. - The comparison tool is suited for the purchase of new boats, caravans, bikes and cars rather than used items. Individual lenders may apply different interest rates to used vehicles. - To receive a firm quote based on your individual requirements, click the REQUEST A QUOTE button and one of our Jade Finance consultants will assist you. ## **Compare or Calculate?** You may have noticed that we already provide a loan repayment calculator on our website. So why would we also need this new compare lenders tool? Good question! This new compare lenders function is yet another service that Jade Finance provides for our customers. As with the calculator, it’s free to use and there is no obligation attached to its use. The compare lenders function is specifically to see how Jade stacks up against other lenders while the loan repayment calculator is specifically designed to vary amounts so you can plan how you would like your loan structured. The calculator is also set-up to calculate business finance with the option to include a balloon or residual. Both calculate estimated repayments but their purposes vary slightly. Use both to cover off on a number of your queries regarding your loan with Jade Finance and then contact us to source you a firm quote. **For a quote on your loan speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: THE INFORMATION WHICH HAS BEEN PREPARED AND PRESENTED IN THIS ARTICLE IS INTENDED FOR GENERAL INFORMATIVE PURPOSES ONLY. IT IS NOT IN ANY WAY MEANT TO BE USED AS THE ONLY SOURCE OF INFORMATION OR ADVICE IN REGARD TO FINANCIAL DECISIONS. IF YOU CONSIDER YOU NEED GUIDANCE, WE RECOMMEND YOU SEEK OUT A PROFESSIONAL FINANCIAL ADVISOR. THE DATA, DETAILS, SPECS AND OTHER MATERIAL PRESENTED IS SOURCED FROM VARIOUS SOURCES AND NO LIABILITY IS ACCEPTED FOR ERRORS AND MISINTERPRETATIONS IN PRESENTING THIS INFORMATION.* **Categories:** Information --- ### [June 2022 Top Selling Cars](https://jade.finance/blog/june-2022-top-selling-cars) **Published:** July 11, 2022 **Author:** Publisher **Content:** As specialists in motor vehicle finance, we are always interested to review the monthly car sales figures, known as VFACTS and released by the automotive industry’s leading body, Federal Chamber of Automotive Industries (FCAI). We know buyers will be keen to known the top selling cars as possible indications to actual availability. The monthly figures relate to what new vehicles were actually sold in a particular month. Second hand vehicle sales are not included in these figures. With supply being a major issue in the new car market over recent periods, the top selling cars figures need to be considered within that context. For buyers considering one of the top selling cars for June, sourcing the cheapest interest rate car loan will also be a priority as rates continue to rise. ## **New Car Market Continued to be Supply-Constrained** In announcing the June 2022 sales figures, the [FCAI](https://www.fcai.com.au/news-and-media/) reiterated previous comments that supply issues are continuing to impact the sector. The total sales for the month were down 9.7% on June 2021 as the pandemic issues, Ukraine war and issues with shipping continue to cause supply issues in the Australian market. Tony Weber, Chief Executive for FCAI said that car manufacturers globally are still facing shutdowns to plants as a result of the pandemic and computer chips are still in short supply. He said new car demand was extremely strong but the supply issues could continue for some time. In overall sales it was once again Toyota that leads the market followed by Kia, Hyundai, Mazda and Mitsubishi. In segments, passenger vehicles continue to be down, this month 21% down on June 2021 while the SUV market also posted a drop of 2.3% and light commercials a 16.5% decreases compared with the same month last year. ## **Top Selling Models** Buyers will no doubt be keen to know which particular makes and models sold best last month to perhaps give an inkling of what might actually be available. But you need to keep in mind that these sales figures may well represent filling orders which were placed several months earlier. But regardless of all the issues to take into account, it’s always interesting to check out the top selling cars. Topping the June 2022 top sellers list were [Toyota HiLux,](https://www.toyota.com.au/hilux) Hyundai Tucson, Ford Ranger, Toyota Corolla and Toyota RAV4. These were followed by the D-MAX by Isuzu, Kia Sportage, Mitsubishi’s Triton, Hyundai i30 and the MG HS which posted 79% increase on sales for June 2021. Following those we have the Mitsubishi Outlander, Kluger from Toyota, the Kia Cerato and then two more Toyotas – Prado and LandCruiser. Further down this top 25 comes the MG ZS, GWM Ute, LandCruiser 79 Series, Subaru Outback, Everest by Ford and Hyundai Kona. Rounding out the top sellers is the MG 3 and several Mazda models – BT50, CX-3 and CX5. For buyers that would like to dig deeper into particular market categories, figures for quite a number of segments and price range categories can be reviewed at [Drive](https://www.drive.com.au/news/top-25-best-selling-cars-australia-june-2022/). These include for light cars over $25K top sellers were the Mini Hatch, Audi A1 and Citroen C3. For large cars over the $70K price tag, check out the Audi A6, Porsche Taycan and the BMW 5 Series as the top sellers for June. SUVs have soared in popularity in recent years and for those looking for a medium sized one under the $60k mark, check out the Hyundai Tucson, Toyota RAV 4 or Kia Sportage. When checking out the market, keep our loan calculator handy to work up those all-important loan repayment estimates. ## **Popular Car Loan Products** For private buyers of new cars, that’s those buying cars for private not business use, the most popular loan is the [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans). With this loan, the lender accepts the vehicle as the loan security and the borrower repays the loan in equal monthly repayments. We arrange this type of loan at a fixed interest rate where the rate is fixed and remains unchanged over the entire fixed loan period. In the current time of rising rates, securing a fixed rate loan is extremely important to fluctuations in repayments as rates rise. Business buyers have a choice of several motor vehicle finance products:- - [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) - Vehicle Lease - Vehicle Commercial Hire Purchase The choice will depend on the business set-up and goals and a range of accounting methods. Speak with your accountant to assist in making the choice. We also secure our business vehicle finance products at a fixed interest rate. Reflecting what is happening across many markets, prices on many new cars have seen increases of late. This, combined with the RBA rate rises make sourcing a cheaper car loan a priority. Even the smallest percentage point difference in the interest rate can add a significant amount to the total cost of the loan and hence, the vehicle. Utilising our services can benefit buyers to connect with cheaper interest rate lenders. We are accredited with a large number of banks and lenders so we can quickly and easily identify which is offering the cheapest rates at the time and which will best suit the customer. We save you time in sourcing finance as we do all the work and save our customers having to contact multiple lenders to acquire the quotes to compare. Timing can be extremely important in this period of limited vehicle availability. Having to leave a dealership to source multiple quotes may mean missing out on that particular make and model. The next buyer may come in, fully-equipped with a pre-approved loan and buy on the spot. Loans can be applied for and approval granted prior to the vehicle being bought. So you too can be well-equipped with your cheap interest rate loan before heading to the dealership for a test drive. **Contact Jade Finance 1300 000 008 to discuss motor vehicle finance on a top selling car** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [July sees another RBA rate increase. Will there be more?](https://jade.finance/blog/july-sees-another-rba-rate-increase-will-there-be-more) **Published:** July 11, 2022 **Author:** Publisher **Content:** The July RBA Board meeting resulted in yet another increase in interest rates. This RBA rate increase represents the third this year – in May, June and now July. The question for those intending to purchase goods with finance and loans and for those with existing loans is – will there be more? It certainly looks like there will be, according to the statement by the Governor of the RBA, Philip Lowe, issued on July 5. With interest rates on the rise, those considering taking on finance can consider the RBA’s outlook in timing purchases. In addition, aRBA rate increase flows-on to interest rates on many types of loans, highlighting the importance of using a finance broker to source the cheapest rates. We provide a brief overview of the recent Reserve Bank Board statement to provide insights into what could be ahead for the economy and for lending interest rates. ## **Statement Announcing RBA July Rate Decision** The [statement](https://www.rba.gov.au/media-releases/2022/mr-22-20.html) is published on the RBA website to announce the Board’s monthly decision on interest rates. The July 2022 decision was to raise the cash rate by a further 0.5% which places the cash rate at 1.35%. A significant increase from the 0.1% it had been for the 20 months up to May 2022. The reason for these rate increases is to curtail spending and hence stop inflation rising. The RBA’s target for inflation is 2-3% but it has now hit 5.1% with expectations of 7% over the remaining period of 2022. While rate rises are intended to curb the rate, these measures take a period of time to take effect, hence why there is a time lag. Rates are also being increased as the central bank no longer sees the necessity for extraordinary support for the economy as was initiated when a worst case situation was envisaged in the early stages of the pandemic. It was in these early stages that the RBA started to slash interest rates, eventually to 0.1% which was a record low in Australia. The bank held firm and maintained patience as the economy rebounded in late 2021 as it wanted to be assured of sustained inflation around the 2-3% mark. But the recovery was greater than anticipated and inflation soared over late 2021 and early 2022. The reasons for rising inflation in Australia are attributed to both global and domestic issues. The RBA has given a number of international factors as contributors. These include ongoing pandemic caused disruptions in supply chains; war in Ukraine; global inflation; and the reduced supply capacity not meeting strong demand. Many other countries are also responding to rising inflation by increasing their central rates. Inflation in many countries is much higher than the rate locally. The Australian factors contributing to the surge in inflation also include reduced capacity of business to meet surging demand. This is, in part, due to the labour market conditions. Unemployment has dropped to its lowest rate in 50 years, 3.9% and the RBA expects further decrease in this rate. Businesses are facing difficulties in filling positions and this means they can’t operate to their full capacity to meet their customer demands. Numerous flood events through 2022 are adding to rising prices and hence inflation. The RBA views the rate rises as assisting a better balance between demand and supply to be achieved. But as mentioned above, these measures have a time lag to take effect. The Board once again mentioned the Australian economy’s resilience. It sees the rate increase for July as a further step in withdrawal pandemic-related support and returning interest rates to more normal levels. The CPI figures for the quarter to end of June will be issued later in July and the Board states it will be guided by the data in further rate decisions. Governor Lowe said additional rises would be needed, but how much the rise would be and when it would occur would depend on the data. Tuesday 2 August is the next meeting for the Board and when the next rate decision will be made. ## **Significance for Loans** For individuals and businesses that already have finance which has been secured with a [fixed interest rate](https://jade.finance/car-loans/car-loan-interest-rates), these increases by the RBA should not have an effect on your rate or your repayments. Loans with a variable interest rate however are subject rate fluctuations. Lenders should contact customers in this situation. This current cycle of rising interest rates will come as a shock to many as rates have not been on the rise for many years. The situation can focus attention on ways to achieve a cheaper interest rate for that next purchase – car, business vehicles, boat, caravan, motor bike or business equipment. Some commentators are reported as forecasting anywhere between 0.25% and 0.75% increase in the cash rate in August. How much would loan interest rates rise? That depends on the individual lender. Lenders set their rates according to their own guidelines and assessment of the market. It should be noted that the cheapest advertised rates are typically for good credit score applicants. To see how much an interest rate rise may equate to a loan repayment rise for your particular loan, use our [loan calculators](https://jade.finance/car-loans/car-finance-calculator). The difference in repayments on higher interest rate loans emphasises the importance of ensuring the cheapest rate is achieved. Using the services of a finance broker such as Jade Finance can be of significant benefit in achieving this goal. Whether you are an individual purchasing a car or boat, or a business seeking equipment finance or commercial loans, our services are available to ensure that loan is secured at the cheapest possible interest rate. July looks like certainly not being the last rate rise for 2022 and August may not be the last either. To avoid paying more than you could for your loans, speak with one of our consultant around how we can assist you. **Contact Jade Finance 1300 000 008 to discuss how we can assist you achieve the cheapest interest rate loans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [It's Show Time! 2021 Boating and Caravan Events](https://jade.finance/blog/its-show-time-2021-boating-and-caravan-events) **Published:** January 22, 2021 **Author:** Publisher **Content:** The usually vibrant and exciting caravan, outdoor and boating show calendar was sadly quietened in 2020 as another casualty of the coronavirus pandemic. But we are pleased to report that many organisers are confident of [hosting a COVID-safe event in 2021](https://www.qld.gov.au/health/conditions/health-alerts/coronavirus-covid-19) and an extensive calendar of show dates has been posted. If you’re in the market for a new boat or caravan, attending a show can offer a fantastic opportunity to see many different makes and models in the one place and discuss and share tips and hints with other owners. If you’re planning to place your order at a show, then we have some buyer’s hints and hacks to share to ensure you are well-prepared to capture those show specials. But first with the dates. We’ve compiled a list of dates for the first part of the year. They have been sourced from reliable sources but the COVID scenario is constantly changing so stay tuned to the individual show websites for updated details. ## **Caravan, Outdoor and Boating Show Dates: Start 2021** This is not a full list but selected dates. So stay tuned through your comms channels for more info and extra dates. - [Sydney Boat Show](https://sydneyboatshow.com.au/ "Sydney Boat Show") starts 29 July - [Brisbane Boat Show](https://www.brisbaneboatshow.com.au/) from 20 August - [Sanctuary Cove Boat Show](https://sanctuarycoveboatshow.com.au/) 20-23 May - [Melbourne Boat Show](https://www.melbourneinternationalboatshow.com.au/) 17-20 June - [Newcastle Caravan Lifestyle Expo](https://www.caravanexpo.com/) 5-7 Feb - [Moreton Bay Expo](https://bayexpo.com.au/) 12-14 Feb - [NSW Caravan Holiday Supershow](https://www.supershow.com.au/) 13-18 April - [Let’s Go Caravan Show South Aust](https://www.caravanandcampingsa.com.au) 17-21 Feb - Let’s Go Gold Coast 5-7 Mar - [Great Outdoor Expo Mornington](https://www.greatoutdoorexpos.com.au/mornington/) 11-14 Mar - [Perth Caravan Show](https://caravanandcampingshow.com.au/) 17-21 Mar - [Sth Qld Caravan, Boating & Fishing Expo](https://nambourexpo.com.au/) 9-11 Apr - Albury-Wodonga Caravan, Fish and Boat Show 30 Apr-2 May - Ballarat Great Outdoor Expo 30 Apr-2 May - [Cairns Camping and Boat Show](https://cairnsexpo.com.au/) 7-9 May Ensure you follow COVID-safe regulations when attending. Check with organiser about any restrictions, have a mask and sanitiser and enjoy. Most shows will require pre-booked tickets available online. Numbers are likely to be limited so it’s wise to get in early and book your space as soon as they become available. ## **Tips for Show Visitors** Before heading to a caravan or boating show, visitors should prepare, especially if you intend to place an order at the show. Suppliers are always keen to move stock and write orders at these events so you need to be ready for the specials but also aware of the selling tactics. Here’s a few tips from our show veterans:- - Review the list of exhibitors prior to arrival to ensure the supplier you’re interested in will be exhibiting. If you’re interested in seeing a specific model, contact them prior and possibly set-up a meeting time so you don’t miss your opportunity. - Contact [Jade Finance](https://jade.finance) prior to arrange a pre-approved loan. There is no obligation to proceed if you organise finance, but you’ll have it up your sleeve if you do decide to place an order on show day. - Have our loan calculator accessible on the day. Ensure you have our tools on your phone so you can discretely calculate repayment estimates while browsing and discussing pricing with the representatives. You can always give us a quick call for a quick quote while you’re at the event. - Many exhibitors offer show specials. Having your finance organised will put you in a better position to capture any discounts and deals on offer. - If a dealer offers you finance on the spot – stop! Jade Finance is highly likely to be able to source you a better [caravan finance](https://jade.finance/caravan-loans) or [boat loan](https://jade.finance/boat-loans). Don’t rush to sign, rush to call Jade and get an alternative quote from us. - Refer to our lender comparison chart and enter your loan amount to see if the dealer finance is actually the real deal. This is just an estimate but may assist with comparing offers. ## **Pre-Approved Show Loans** If you’re serious about placing an order for a boat or caravan at a show event, then arranging a pre-approved loan through Jade Finance is very sensible way to approach your purchase. The process for applying is similar to when applying for a loan after you’ve ordered except it is approved on the basis of a spend estimate rather than the exact supplier invoice. If you decide you don’t want to proceed with ordering, then there is no problem as there is no obligation with a pre-approved loan. They do have a timeframe which they must be utilised before after which the loan may need to be reviewed. But your Jade consultant will advise of that when arranging your loan. ## **More Event News** We’re staying across the events and happenings as much as possible and will post more news as the big events get closer and additional details are released. We’ll also post the later year dates. **To arrange a ‘pre-approved show loan’ contact Jade Finance Call 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED FOR MISINTERPRETATION, MISREPRESENTATIONS OR ERRORS IN THE INFORMATION AND PRODUCT DETAILS INCLUDED IN THIS ARTICLE AS SOURCED THROUGH OTHER ORGANISATIONS AND MANUFACTURERS. THE INFORMATION PROVIDED IN THIS ARTICLE IS NOT PRESENTED FOR OR INTENDED AS THE SOLE SOURCE OF FINANCIAL INFORMATION IN REGARD TO A FINANCIAL DECISION. IT IS FOR GENERAL INFORMATIVE PURPOSES ONLY. IF A READER CONSIDERS THEY MAY REQUIRE ADVICE RE THEIR INDIVIDUAL CIRCUMSTANCES, IT IS ADVISED THAT THEY CONSULT WITH A FINANCIAL ADVISOR.* **Categories:** Information --- ### [It’s Sale time, Showtime! Time to Apply for Boat Loans, Caravan Finance for Upcoming Events](https://jade.finance/blog/its-sale-time-showtime-time-to-apply-for-boat-loans-caravan-finance-for-upcoming-events) **Published:** June 10, 2024 **Author:** Publisher **Content:** It may be winter, but it’s an ideal time for buying goods primarily associated with summer activities – boating and caravanning. The winter months features many expos and events with great opportunities to see the latest models and take advantage of show specials. Boating enthusiasts will be keen to apply for boat loans to be ready to buy at the Sydney International Boat Show in August. Caravanning enthusiasts have a number of shows coming up in July-August in Mildura, Kemba Grange, Rockhampton, Toowoomba, Shepparton, Newcastle and other regional locations. Winter is also EOFY time, with deals and discounts potentially on offer as suppliers clear stock with sales. Then there are the opportunities to buy used boats and caravans from private sellers who are not keen to put goods into storage when not in use. Jade Finance assists buyers to be ready to capture great prices at shows and sales, with our pre-approved boat loans and [caravan finance](https://jade.finance/caravan-loans) service. Experts to source the best loan rates and get fast approvals so buyers can move quickly to secure special pricing, discounts, and limited stock. Research what opportunities may be available for your watercraft or RV purchase, and contact us to get your financing arranged and approved. ## Boat Loans for [Sydney Boat Show](https://sydneyboatshow.com.au/ "Sydney Boat Show") Buyers The Sydney International Boat Show will be held in Darling Harbou from 1-4 August. This is an event for enthusiasts of all types of boating activities – sailing, fishing, cruising, with a large showcase of all types of watercraft, tech and gear. [Tickets can be purchased online](https://sydneyboatshow.com.au "Tickets can be purchased online"). As this is a very large and well-attended event, we recommend keen buyers check the exhibitor listing and, where possible, find out what boats will be on display and available for sale. Manufacturers typically make pre-show announcements about the new models they plan to release and exhibit at major shows. We will need details of the boat to be purchased and a guide of pricing for the loan application. When purchasing a new watercraft which will be used for recreational boating, our Secured Boat Loan will suit most buyers and vessels. ## Caravan Finance Options for Winter Shows, Deals Opportunities to buy RVs at great prices can be at their max in what may be considered the off-season. There are numerous shows scheduled in regional towns and cities, providing ideal chances to inspect the latest models and place orders. When attending an expo, keep a keen eye out for show specials which may include added extras in the deal. New RVs and vehicles in good condition are typically financed with our Secured Caravan Finance. If planning to buy a second-hand vehicle, speak with us about the suitability of the van as loan security. Our lenders assess age and condition when making decisions on suitable collateral. If the van is not considered acceptable collateral, our Unsecured Personal Loan at competitive rates, can be considered. Many RVs are offered at a base price, with buyers given the opportunity to select options, extras and accessories to customise the vehicle to their particular style and travel plans. When arranging financing for RVs through Jade, we can very often include these extras in the loan. When seeking pre-approved caravan finance, remember to consider these extras when estimating the amount required for credit. ## Estimating Loan Repayments Prior to Applying The financing can be a major contributing factor to the purchase of watercraft and RVs. Before making a buying decision, requesting a quote or applying for a loan, buyers can use our [Finance Calculator](https://jade.finance/caravan-loans/caravan-loan-calculator) to obtain estimates. This device is extremely easy to use. Buyers need only type in the figures they want or prefer for their loan and use our current best interest rates. The estimated repayments can be used as a guide when comparing different models from budget to top-of-the-range luxury. ## How to Pre-arrange Caravan and Boat Loans The process of applying for RV and watercraft finance is essentially the same whether undertaken before or after the commitment to purchase the goods. Applicants will need to be over 18 years of age and provide personal, employment, income, and financial information. Details of the goods being financed are required so our lenders can assess loan capacity and approve loan amounts. Credit scores are checked. As the goods may not have been selected when a pre-approved loan application is submitted, applicants will need to provide a general indication of what they intend to buy and the amount required. Details such as whether buying a luxury motor vessel, a trailer boat or a jet ski. A top of the range motorhome, a camper trailer, or a traditional caravan. Aspects of the goods can impact loan offers. Conditional approval is processed by our brokers so buyers can confidently proceed to place their orders. When the purchase is made, the exact details are provided to us so we can finalise the finance offer and arrange settlement. Apply for financing prior to purchase is fast and easy and can be completed online or by phone. With gates opening soon on some shows, it’s time to apply! **To get pre-approved caravan and boat loans to purchase at winter shows, contact Jade Finance on 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Is the RBA winding back support with July decision?](https://jade.finance/blog/is-the-rba-winding-back-support-with-july-decision) **Published:** July 8, 2021 **Author:** Publisher **Content:** The Reserve Bank of Australia (RBA) held its scheduled monthly Board meeting on 6 July to discuss interest rates. While the decision on rates was easy to digest, some of the post-meeting reporting and commentary may have left some confused. Specifically, these comments were around the [RBA’s change to its bond-buying program](https://www.cnbc.com/2021/07/06/australias-central-bank-to-cut-bond-buying-rates-left-at-record-lows.html "Changes to RBA interest rates"). A program that is part of monetary policy and was ramped up in early 2020 as part of a general COVID-19 stimulus package. The bond-buying program involves the RBA buying Government bonds which is essentially injecting money into the economy. Over the past 18 months the RBA has adhered to a policy as set but in the July announcement, stated its intentions to start winding back the programme from September. This is winding back of emergency support and is considered an indication that the RBA has a positive outlook for the economy. The RBA Governor Philip Lowe stated in his post-meeting media conference that the RBA sees the economy moving from the COVID-19 recovery phase into a phase of expansion. The positive talk should be spark increased optimism especially for businesses and individuals that were under restrictions and lockdowns at the time. [Click here for more information](https://www.rba.gov.au/publications/bulletin/2021/jun/an-initial-assessment-of-the-reserve-banks-bond-purchase-program.html). We report on the RBA’s July decision on interest rates and what it may mean to your finance and loans. ## **RBA July Announcement** ### At the July 2021 meeting, the RBA made three key announcements:- - To hold the cash rate at 10 basis points (0.1%) and the exchange settlement rate which applies to banks and lenders at 0% - Retain the April 2024 bond as the bond for the yield target - Continue the bond purchasing program beyond September into mid-November but reduce the weekly rate to $4 billion The RBA considers that these are measures required to provide continued monetary support to the economy during the transition to an expansion phase from the current recovery phase. Full employment and target inflation in the 2-3% range remain the Board’s commitment. In the July statement, the RBA again said that the Australian economy recovery is stronger than had been expected and this recovery is expected to continue. Both households and businesses are in a good position in terms of their balance sheets. The uncertainties surrounding recent coronavirus outbreaks and the restrictions put in place were noted. However, it was also noted that previous experiences had shown that once these outbreaks were contained and relevant restrictions lifted, a bounce back in the economy was quick. With the May unemployment figure at 5.1%, the labour market was also recovering at a faster pace than previously expected. [But job vacancies are elevated with many businesses reporting labour shortages especially in the areas which are impacted by international border closures](https://www.thenewdaily.com.au/finance/finance-news/2021/06/16/labour-shortages-australia "More information"). Wage growth and inflation have remained subdued and while the RBA expects a pick-up in these areas it is forecast to be modest and quite gradual. The Governor, Philip Lowe, mentioned in his post-meeting comments that the RBA was still focused on an inflation rate of 2-3% as an indicator to lift interest rates. He noted that any lift in rates would be linked to inflation and not to wages growth but that sustained inflation was related to sustained growth in wages. Low funding costs would be supported by keeping interest rates low by maintaining the target rate at 0.1%. Dr Lowe said the bond program had an important role in support of the economy. The RBA responded to the stronger economic recovery by reducing the weekly amount of bond purchases and would conduct another review of the position in November. The strength of the housing market received a mention in the RBA statement, in particular the rise in prices in major housing markets. Noting demand from investors as well as owner-occupiers and first home buyers. As mentioned in the June statement, the RBA will be continuing to monitor this trend in housing borrowings and stressed the importance that the standards of lenders were maintained. In welcome news for our customers, the RBA left the cash rate on hold and reiterated its previous intentions to wait until the target inflation of 2-3% is achieved before considering a rise. While this is not expected until 2024, there was a noticeable subtle change in wording around this. Previous comments have said ‘at least’ 2024 while the July statement said ‘before 2024’. A subtle change definitely was noted by many economic reporters and analysts. ## **Outlook for Lenders** For our Jade Finance customers, the [interest rates on both consumer and business finance should not change as a result of the RBA’s July decision](https://jade.finance). All existing contracts which we have secured at fixed interest rates remain constant and unchanged for the term of the loan. Those considering taking on a loan can look to achieving our cheap and fixed interest rate now and retain that low rate over the full, up to 7 years of their loan contract. This would protect against any rises in interest rates in the coming years. We note mentions in some media reports that some lenders have already lifted some of the home mortgage lending rates over the past month. Please note that the home mortgage loans are structured differently from the business and consumer loans which we offer and an increase in home mortgage rates should not be seen as an indicator that rates may necessarily also change on our loan portfolio. The RBA is next scheduled to meet in early August and that will be following an extended lockdown in Sydney and will also take into account current job and inflation figures. **For quotes on business and consumer finance contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Is bad credit finance the same as no docs loans?](https://jade.finance/blog/is-bad-credit-finance-the-same-as-no-docs-loans) **Published:** January 19, 2022 **Author:** Publisher **Content:** As specialists in business finance, we appreciate that some of the terminology used by the finance lending sector can be confusing to many outside of the industry. But loan applicants should be well-informed around all finance decisions and we provide these informative articles to increase the understanding of those seeking finance. An area of potential confusion in business lending is the difference between bad credit finance and no docs loans. These are both specialist areas of business lending which not all lenders offer but which Jade Finance does include in our business loan portfolio. Is bad credit finance the same as do docs loans? No. There are clear differences in regard to the criteria and eligibility for loan approval, conditions that lenders may attach to the loan and the interest rates achievable on the loans. For businesses requiring a no docs or low docs loan or bad credit finance, it can be extremely helpful to understand the differences between these loans so they can access the appropriate lending services. ## **Differentiating Bad Credit from No Docs Business Loans** Both [bad credit finance](https://jade.finance/business-loans/business-finance-bad-credit) and no docs loans are not actually loans despite the reference made to each as such in the lender market. These references are descriptions of the type of loan application that is the business that is applying for the finance. - Bad or poor credit means the business has a poor credit rating and credit score. This situation can occur through a range of scenarios. Defaulting or being late to make payments on loans and credit accounts is one of the more common reasons that a business would develop a poor credit rating. When a business fails to meet payment schedules for loans, credit cards and other accounts, the finance companies and/or provider can report the occurrence to credit reporting agencies. This is entered onto a credit report and can result in a downgrading of a credit rating. - Businesses seeking no docs or low doc finance are those that do not have the finance accounts, paperwork and documents around their trading history that are requested by most banks and lenders to meet the business finance application criteria. To illustrate how these categories of loan applicants clearly differ, consider these circumstances:- Example A: A company has been operating for some time and as such as financial accounts, tax returns, BAS statements and other documents supporting their trading history going back several years. At some point under whatever circumstances, the business acquires a poor or bad credit rating. The business owner then needs to apply for finance to purchase new vehicles or equipment. The business has all the documentation required to complete the loan application so they are not categorised as a low docs applicant. But they do have a bad credit rating. So they require a bad credit loan. Example B: An individual decides to set up a new business and require finance to purchase equipment for that business. As this is a new operation they do not have the financial records or tax records to meet the requirements of a business loan application. So they require a low docs loan. When it comes to assessing the credit rating of a new business, it is quite common for lenders to assess the personal financial situation and credit rating of the individual business owner(s). The owner may have an excellent credit profile and good credit score. As such they would not require a bad credit loan. So bad credit applicants can have full documentation and low doc applicants can have a good credit rating. [Credit profiles](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) and scores can be addressed with errors repaired. Handling both these types of loan applications can require specialist expertise as not all lenders off these types of loans. Jade Finance has access to lenders that do consider low docs and bad credit applications and can make offers of workable, cost-effective finance. Additional conditions can be attached to these types of loans and the interest rate offered may vary from advertised rates. . ## **Finance Options** If a business is approved as a bad credit applicant or for a low doc loan, they can select the [appropriate finance product](https://jade.finance/equipment-loans/best-equipment-rates) to suit their requirements. In selecting the loan type, business owners are strongly recommended to consult with their accountant to ensure the features and benefits of the loan product suit their accounting method and business objectives. If you require finance and you don’t fully understand every detail and term relating to loans it should not be a deterrent to applying for or achieving quality, workable loans. The expertise of the team at Jade Finance is suited to assisting businesses in many circumstances to achieve cost-effective finance and loans for many purposes. **Contact Jade Finance 1300 000 008 to discuss how we can assist you with a bad credit loan or low doc finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Is a fixed interest rate loan a good idea?](https://jade.finance/blog/is-a-fixed-interest-rate-loan-a-good-idea) **Published:** January 11, 2022 **Author:** Publisher **Content:** Interest rates are the key cost component of all types of credit, loans, finance and borrowings. It is the interest rate that determines the monthly repayments and the total cost of the loan over the loan term. With many Australians purchasing with finance, interest rates are top of mind for buyers of all types of goods homes, cars, boats, caravans, trucks, motorbikes and business equipment. Businesses in particular pay attention to the interest rate on commercial loans such as overdrafts as it represents a cost to the business. It is quite widely known that interest rates can change at different times. So when it comes to securing a loan or finance is a fixed interest rate loan a good idea? Loans can be offered at either a fixed interest rate or a variable interest rate depending on what goods are being acquired, the loan application and the loan products offered by individual lenders. It should be noted upfront that home mortgages are set-up and structured differently from consumer goods loans and business finance. They can run over terms of 10, 15 or 20 years which is a long time for lenders to commit to a fixed interest rate. In comparison, loans to purchase goods and equipment are for much shorter terms of 4, 5 or up to 7 years. While home loan interest rates attract a lot of attention in the media, many of the issues discussed in that arena do not apply to the types of loan markets in which Jade Finance operates. Our discussion in this article is focusing on our areas of expertise being loans for motor vehicles, boats, caravans, motorcycles, trucks, equipment and commercial loans. We explain why a fixed interest rate loan can be a good idea for both business and private buyers and significant benefits can be realised by locking in cheap, fixed interest rate finance. ## **Fixed v Variable Interest Rate Loans** Fixed interest rates in our lending markets mean that the interest rate is fixed at that rate for the entire term of the loan. A variable interest rate loan means the lender can adjust the rate of interest on the loan when interest rates in general or their specific rates change. Currently, the Australian lending market is enjoying extremely low interest rates as the [Reserve Bank of Australia](https://www.rba.gov.au/) (RBA) reduced the official cash rate several times over 2020 in response to the economic effects of COVID-19. The cash rate has been at the historic 0.1% level since November 2020. The RBA has repeatedly countered commentary from various voices to lift rates, saying it is waiting for the conditions of sustained inflation in the range of 2-3% an unemployment lower, around 4% or less in order to trigger an increase. These conditions were not expected until 2024. Prior to the Omicron outbreak, the economy was rebounding well from the economic hit from Delta and conditions may have seemed as if they were nearing the RBA targets. Some analysts even predicted a rate rise prior to this year’s Federal Election, due before May. But the effect that Omicron is having on businesses with massive staff furloughs causing limited trading and consumers seemingly staying away, is likely to pause the good bounce back performances. The RBA meets in a few weeks for their first interest rate decision for 2022 and their comments on the Omicron effect will be of great interest. But while the RBA has held tight on increasing interest rates, not all lenders have followed suit. Several lenders have already increased their home loan rates. Could lenders in other markets also lift their rates ahead of an official increase? It remains to be seen. At least with Jade Finance you are always assured of better interest rates regardless of market fluctuations. ## **Fixed Rate Benefits** Jade Finance provides our secured loans at a fixed interest rate and we have strong reasoning to support that as we see many benefits for our customers in achieving a fixed interest rate loan. These loans are available across our Secured Car, Boat, Bike and [Caravan Loans](https://jade.finance/caravan-loans) and our business asset acquisition finance products such as Truck Loans and Equipment Finance and commercial loans. Refinancing can also be achieved at a fixed interest rate. [Unsecured Personal Loans](https://jade.finance/personal-loans/unsecured-personal-loans) and Unsecured Business Loans can be priced at either a fixed or a variable interest rate. The benefits of a fixed interest rate loan can include:- - Confidence and assurance that the loan elements won’t alter over the loan term even when the RBA increases the official cash rate and lenders react by lifting rates. - A fixed rate and a fixe loan term deliver a fixed monthly repayment which remains constant. This allows for both businesses and households better budget planning. - Knowing the total cost of the loan with interest can better position business and individuals to make purchase decisions. - Securing a fixed rate loan at the current low rates provides protection against rate increases during the loan term. - Businesses can prepare longer-range finance forecasts based on fixed outgoings with fixed rate loan repayments and schedule investments and other strategic moves with confidence. - Individuals can plan their household budget and other expenses over the years of their loan. In our expert opinion, fixed interest rate loans are a good idea. An even better idea is a fixed rate loan at our current cheap rates. Feel free to contact us to discuss the loan options available for the goods and equipment you are looking to purchase. **Contact Jade Finance 1300 000 008 for a fixed interest rate loan quote.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Insurance and Your Loan](https://jade.finance/blog/insurance-and-your-loan) **Published:** February 19, 2021 **Author:** Publisher **Content:** When taking out a loan or finance, borrowers also need to consider insurance. Most of the loans and finance arranged through [Jade Finance](https://jade.finance) are on a secured loan or finance basis. This includes our personal loan categories – Secured Car Loans, [Secured Motorcycle Loans](https://jade.finance/bike-loans/motorcycle-finance), Secured Boat Loans and [Secured Caravan Loans](https://jade.finance/caravan-loans) business finance – Chattel Mortgage, Leasing, Rent-to-Own and Commercial Hire Purchase for the acquisition of trucks and business equipment. Secured loans mean the loan is secured against the asset, vehicle or goods being purchased. This is security for the lender. The asset or goods are used as security against the funds loaned. If the borrower defaults on the loan, the lender has the right to repossess the goods and sell them to recoup the monies owed to them. Lenders of secured finance require the borrower to take out insurance on the goods or assets being financed. Insurance coverage of the goods provides security both for the lender and for the borrower, you! If the goods are stolen or damaged or written-off, the insurance policy is in place with the objective of covering your obligations, depending on the specific coverage and conditions of the policy. The objective being that a claim can be made against the insurance policy and the borrower can payout what is owed on the loan. If the policy is for an amount greater than what is owed, the borrower would receive the balance. We’re talking insurance for the asset or goods not insurance for yourself in the event you are unable to meet your repayment obligations. An insurance policy which covers your repayments in the event you are unable to do so is known as Loan Protection Insurance and is not a compulsory requirement when taking out finance. Unsecured loans as the name implies are not secured against the value of the asset and as such, insurance may not be requested by the lender. However, many borrowers will still want the certainty, security and peace of mind that an insurance policy offers and will also insure their goods. ## **Types of Insurance Policies** Insurance is a very large sector of the financial services industry with many insurers offering a wide range of insurance policies. The specific inclusions or exclusions should be considered closely when comparing insurance policies to ensure you know what you are covered for. Specialist insurers provide policies for specialist areas such as [Club Marine](https://www.clubmarine.com.au/) as a specialist boat insurer. Large companies may take out a fleet policy to cover all their vehicles, trucks and equipment in the one policy. Here are a few tips of what to keep in mind:- - What will the policy cover and what won’t it cover - Lenders will require the policy to cover theft and damage - Source of damage – storm and tempest can be treated differently from natural disasters and flood damage in some cases. - Location – are you covered only when garaged at registered place of garaging or at a separate place. - Is coverage for on the road and when garaged - Do you require coverage only for the asset or asset and contents - Lenders will only be interested in protecting their asset, not your contents - If you added optional extras at time of purchase or after-purchase, these may need to be added to the policy - Some insurers require certain items/accessories or features to be itemised or specifically noted on a policy - Policies can be arranged at an agreed value or market value or for a fixed amount Your Jade Finance consultant can assist by advising what type of insurance policy with what inclusions you will need to meet the lender conditions of your particular loan type. ## **Car Loans, Motor Vehicle Finance and Motorcycle Loans** A comprehensive insurance policy will be required which is different from CTP – compulsory third part policy. CTP is a required under law and must be acquired to enable a vehicle to be registered. It only covers damage to people (third parties) it does not cover your vehicle. Any modifications carried out to a vehicle may impact the insurance policy. If carrying out modifications, contact both lender and insurer to check the details for your specific loan and policy. You will be required to take out a policy for the vehicle but an optional extra can be to cover the contents of the vehicle also. ## **Truck Loans** If a prime mover and trailer have been financed in the same loan, both assets will require a comprehensive insurance policy. These may require different types of policies dependent on application and usage. ## **Boat Loans and Marine Finance** If you’ve included both trailer and boat in your [boat loan](https://jade.finance/boat-loans), insurance would be required on both items. Marine insurance is quite specialised with a range of coverage options to consider. Speak with both lender and insurer to find out what is compulsory and what you may like to voluntarily include. ## **Caravan Finance** Enquire as to the level of insurance in regard to inclusions required by the lender. Then consider what contents and other conditions you may like to include in your policy. ## **Equipment Finance** The type of equipment may determine the extent of insurance coverage you would like for your equipment. Lenders will have key minimum policy requirements but operators may choose to expand coverage to include scenarios when the equipment is not operational. ## **Sourcing and Selecting Insurance** When purchasing goods and assets under finance, it is advisable to source quotes on insurance at the same time. Not only will you be able to factor that cost into your budget, you will be better placed to expedite settlement. Lenders will not finalise a loan settlement and hence allow a borrower to take possession of goods or asset until an insurance policy is arranged. Having done your homework you can speed up this stage. Insurers usually offer a cover note which is an insurance policy for a short time. This allows buyers the time to fully explore their insurance policy options and secure a policy while taking possession of and having use of the goods/assets. For many sectors, the cost of insurance policies can vary significantly. This is a highly competitive area of the financial services industry and people should look around to find not only the cheapest policy but the policy that meets their requirements. Cheap may appear preferable but if the exclusions don’t meet your expectations, it may not be the best policy. Many insurers allow part-payments or monthly payments for premiums which can spread the cost to suit your budget. With large insurance premiums on assets such as trucks and some equipment, if businesses can discuss Insurance Premium Funding through Jade Finance. Over the term of your finance or loan, finance companies will require you to advise them each year, on the anniversary of the acquisition, that the insurance policy has been renewed in line with the conditions of the finance contract. For complex insurance policies or for those that do not feel knowledgeable to analyse and source a policy, insurance brokers can be engaged to source the policy for you. We have connections with brokers that can assist, so please speak with one of our consultants. That’s a quick overview of insurance in relation to loans and finance. For more information and for referrals to insurance brokers, please get in touch. **To discuss the insurance requirements of your proposed finance, contact Jade Finance Call 1300 000 008** *DISCLAIMER: THIS ARTICLE IS PREPARED AND POSTED WITH THE INTENTION OF PROVIDING GENERAL INFORMATION AND NOT WITH THE INTENTION THAT IT BE THE ONLY SOURCE OF INFORMATIONON WHICH TO MAKE FINANCIAL DECISIONS. THOSE REQUIRING FINANCIAL ADVICE AROUND THEIR INDIVIDUAL SITUATIONS SHOULD REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPT FOR ANY MISREPRESENTATIONS OR ERRORS IN THE CONTACT AS SOURCED, IN GOOD FAITH, FROM A RANGE OF SOURCES.* **Categories:** Information --- ### [Importance of a Good Credit Profile](https://jade.finance/blog/importance-of-a-good-credit-profile) **Published:** October 25, 2021 **Author:** Publisher **Content:** Most adults and businesses will have a credit profile, whether they are aware of it or not. Having a credit card, an account with a telco or utilities provider as well as all types of loans and finance will trigger the creation of a credit profile. You don’t set up your own credit profile, it is established by the credit providers when you apply for or access credit. Many may not even know what their credit profile includes and yet this report can determine many life decisions. If you’ve never taken much or any attention to your personal or business credit profile and you’re interested in applying for a loan and finance, then now could be a good time to give it the attention it deserves. ## **Definition** A credit profile or credit report is a listing of all the times an individual or business has applied for or held credit. This can include credit cards, loans and accounts with a wide range of providers. When an application for credit is received, the lender will report that event to the credit reporting agencies who enter it on the person’s credit report. Even requests to increase a credit limit on a credit card are reported. Negative issues are also reported such as late payments and defaults on loan repayments. From these reports, the credit agencies calculate a credit score for the individual or business. This score is known as a credit rating and is used by lenders when assessing loan applications. A credit score is calculated by taking into account:- - How much money has been borrowed in loans, finance and on credit cards. - How many loan or credit applications have been made. - Payment history, specifically making payments as required on time. Scores are a numerical value in the range of 0 up to 1,000-1,200 with a higher score the better. The higher end will depend on the scale used by the individual reporting agency. Calculations are based on a 5 point system – excellent, very good, good, average and below average. The higher the credit score the less risky an applicant can be considered by lenders. The lower the score the higher the risk and less chances of being approved or getting the best loan deal. ## **Accessing a Credit Score** Individuals are entitled to receive a number of free copies of their credit report every 3 months. There are companies that advertise a fee to provide a copy of a credit report. Before jumping in for those services, it may be advisable to consider your free options first. The Federal Government [MoneySmart](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) website provides information on where to access a free copy of your credit report. This information includes the contact details for several credit reporting agencies. ## **Building a Good Credit Score** Most individuals and businesses will depend on some form of credit or loan in their lifetime and having a good credit score can be critical to achieving the cheapest outcomes. Being aware of the actions that will impact your credit score may be helpful in building and maintaining a good credit score. Paying bills in a timely manner is obvious but something a lot of people can overlook. Pay closer attention to the DUE DATE or set up auto pay systems with your bank so you don’t accidentally miss a payment. If you’re looking to apply for a loan in the short or longer term, getting your existing debts under control or lowered may impact positively on your score. Another tip is to resist the temptation to request increases on credit cards unless absolutely necessary. During the coronavirus pandemic many people have been under financial stress and may be or have sought whatever resources possible to get through the crisis. One option may have been to resort to credit cards and request a limit increase. Remember that credit cards have very high interest rates. Before going down that route, research all relief and support available to you through Government support measures. An alternative to using credit cards may be to consider a loan package to consolidate debt while providing a solution to ongoing situations. We may be able to assist you with that, so speak with one of our Jade Finance consultants. We note that during the 2020 coronavirus crisis, banks and lenders advised that requests for loan deferrals due to the effects of the pandemic would not be reported negatively on credit reports. When taking on business finance and/or personal loans, adhering strictly to the repayment schedule. When arranging finance, we typically set up direct debit facilities between our customers and lenders so the loan repayments are automatically deducted from the nominated bank account. Ensuring sufficient funds are in that account on the due date is a key responsibility for borrowers. While there are negative issues to be aware of and avoid there are positive aspects to credit scores. By adhering to repayment schedules and containing credit limits, a positive score can be built up and maintained. ## **Impact on Loans and Finance** Credit scores are extremely important when applying for [personal loans](https://jade.finance/personal-loans/best-personal-loan-interest-rates) or [business finance.](https://jade.finance/business-loans/best-business-loan-interest-rates) Our banks and non-bank lenders will review the credit report and score as a normal part of the loan application process. It forms part of the risk assessment which can determine the interest rate offered or any conditions attached to the loan. A good credit score will be viewed more positively by lenders and that means cheaper interest rates and an overall better loan. Another important aspect to remember is that multiple loan applications made by individuals are reported and treated as a negative. By engaging Jade Finance as your lender, you have the benefit of covering off on multiple lender options to source the cheapest quote but our requests for quotes on behalf of clients are not negatively reported. Depending on your age and financial situation, most people will be looking to take out some form of loan or credit in the future. It may be for that new car, to buy a caravan or boat, a motor bike or for business purposes. Keeping across your credit report and maintaining a good credit score can be vital to achieving the best loan outcome **Contact Jade Finance 1300 000 008 for a quote on personal loans or business finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [How you could score a personal best car, bike, caravan or boat loan](https://jade.finance/blog/how-you-could-score-a-personal-best-car-bike-caravan-or-boat-loan) **Published:** October 28, 2021 **Author:** Publisher **Content:** Achieving medals and titles in the world’s sporting arena is not within the reach of everyone. But watching the athletes perform in Tokyo can be extremely motivational to achieve personal bests in spheres that are within reach. Achieving goals and objectives in the area of personal finance can be extremely rewarding both over the short term of the loan itself and beyond, over a longer term. And goals can be realistically achievable for many individuals. If you have an objective to purchase a new car, boat, caravan or motorbike with a personal loan, taking direction from how athletes achieve PBs may inspire and guide you to your personal best outcome. One of the key take-outs is the way athletes surround themselves with a team of experts, specialists, coaches and mentors to guide, advise and direct them. As specialists in the sphere of [personal loans](https://jade.finance/personal-loans/best-personal-loan-interest-rates) and business finance, we have the expertise, experience and the resources to assist both individuals and businesses achieve better loans. ## **Preparation** Fitness is key to athletes and financial fitness is also important to achieving a PB loan. Financial fitness essentially means having a good credit profile. Lenders refer to credit scores and profiles to determine their risk assessment of each individual applicant. A good credit score is achieved through making payments on time and avoiding missed payments and other red flags. Anyone that has borrowed money, taken out a credit card or has an account with a telco or other utilities provider will have a credit profile. Information about payment history is reported to [credit reporting agencies](https://moneysmart.gov.au/) and from that information a credit score is calculated. Individuals can access their credit report through these agencies and can take steps to fix any errors or negative entries according to a set process. Most importantly, individuals should pay attention to payment schedules and due dates to maintain a good credit score. If payments can’t be met by the due date as a result of financial stress or other issues, contact should be made with the organisation and options discussed. A good credit score will contribute significantly to achieving the best interest rate on a loan. ## **Utilising the Experts** Your Jade consultant is not just your coach and loan mentor but actually does most of the hard work in securing the loan on your behalf. Taking much of that pain out of the gain. Approaching the task of getting the best loan possible on your own can be confusing and extremely time-consuming for starters. Add to that the complication of multiple loan applications having a negative impact on credit scores. Our services allow you to simply [brief your consultant](https://jade.finance/) as to your requirements and provide the necessary information and documents required to complete the application form. From that point, our consultants handle the sourcing of the best loan quote, negotiating the cheapest interest rate and assisting with settlement. ## **Know the Competition** To achieve the best loan you need to know what is on the market. We’ve taken the hard work out of checking out what’s on the loan market by compiling our [Lender Comparison Chart and Calculator.](https://jade.finance/personal-loans/personal-loan-calculator) It lists a number of banks and non-bank lenders that are active in our lending categories. Loan products and interest rates may vary across categories – boats, caravans, motorbikes and cars, and across lenders. Refer to the calculator in the goods category you are considering to see the most relevant and current information. ## **Focus on the Ultimate Goal** Staying focussed on the goal is critical. Keep eyes on the prize and don’t be diverted by the temptation of what may appear ‘easy’ loans. Loans that are offered by the dealer at the place of purchasing or by lenders that offer 0% loans. Many sellers/dealers in the motor vehicle and other sectors have associations with finance companies so they can sign up their customers for finance at the time of purchase. It gives the seller a better chance of getting the sale because the buyer does not have to leave the premises to arrange finance. Convenient for buyers, yes. But is it the cheapest and best loan offer you could source? Refer to our calculator or give us a call for a quote so you can fairly compare and make an informed decision. As for 0% interest rate loans, as do many finance specialists we see these as promotional strategies. Many offer the promotional rate only for short time after which a much higher, often exorbitant rate applies. Higher fees and charges can also apply. The basic advice, buyer beware. ## **The Podium Finish** After setting goals and sticking to the game plan, it’s time to talk to Jade Finance about sourcing the best loan for your new car, motorbike, caravan or boat. Our [Secured Personal Loans](https://jade.finance/car-loans/personal-secured-car-loans) are available across all these categories and are individually sourced and tailored to suit our individual customer requirements. It may be free to dream but with a cheap interest rate Jade Finance loans, achieving a PB in reality can be very affordable. **To discuss both business and consumer finance contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [How to arrange finance to order at 2024 Boat Shows](https://jade.finance/blog/how-to-arrange-finance-to-order-at-2024-boat-shows) **Published:** January 15, 2024 **Author:** Publisher **Content:** Many manufacturers use the major boating events to launch their latest models. Making these events ‘must-attends’ for enthusiasts and buyers wanting to be one of the first to order the latest models. The 2024 boat shows calendar is available so buyers can now start the planning process and especially considering their financing options. While many buyers typically inspect the vessels they are considering, talk to the dealer about extras and accessories and get a firm pricing before looking at financing, astute buyers keen to be ready to commit will look at financing first. **Jade Finance assists buyers to be in a position to order new vessels at 2024 boat shows with pre-approved marine financing at the best rates**. Pre-arranging funding can provide buyers with a number of key advantages including being able to set a buying budget in line with their approved credit and repayments and having greater confidence to negotiate price with dealers. So when should buyers start thinking marine credit? Review the timing of this year’s major expos and events, diarise dates and prepare a plan. ## 2024 Boat Shows – Major Events The biggest drawcards for buyers on the annual boating industry calendar are by far the events held in Sydney, Melbourne, Perth and Sanctuary Cove. Sanctuary Cove is growing each year with organisers adding new attractions and even more vessels with each event. Set in an idyllic location, this event presents not just a buying opportunity but an opportunity for enthusiasts outside Queensland to make a visit to the sunshine state. The [Sanctuary Cove International Boat Show](https://sanctuarycoveboatshow.com.au/ "Experience Luxury Afloat at the Sanctuary Cove International Boat Show") is also first on the calendar for the year over four massive from 23 through to 26 May. This show attracts over 300 exhibitors with both on-water and on-land displays of all types of watercraft – small and the ultimate luxury cruisers. Why not book accommodation now and even have a preliminary financing conversation with one of our brokers around when is best to get pre-approval ahead of this event. For those that can’t make Sanctuary Cove and even for those that can, the [Sydney International Boat Show](https://sydneyboatshow.com.au/ "Discover the Best of the Seas at the Sydney International Boat Show") to held 1-4 August is a definite for the diary. Cockle Bay, Darling Harbour and the ICC will be awash with all things boating and that includes buyers keen to capture the latest models and check out new tech and accessories. While diarising the event dates, make a note to speak with us in early June about financing options. Just a month after Sydney, with the dates in September yet to be released, attention turns to the west coast and the Perth Boat Show. This is a very popular event on the WA boating calendar with trailer boats, PWCs, jet skis, other watercraft, motors, techs and lots more on display. To round out the annual major boating events is the Melbourne Boat Show in October each year. Organisers have not revealed the dates so far, but stay tuned as we will keeping an eye out. be as ## 2024 Boating Expos and Outdoor Events While the major shows are held in major cities and centres, there are still great buying opportunities with massive calendar of lifestyle expos held each year around the country. While some of these focus primarily on caravans and RVs, many do include boating exhibitors and it can be worth checking the exhibitor listings when one is coming your way. A number of these events coming up include the Moreton Bay Expo on 17 and 18 February; the Cairns Expos from 10 through 12 May; and Townsville Expo from 17 through 19 May. To inspire to buy, also check out what’s happening in boating in your area. For sailing enthusiasts the Festival of Sails is held in Geelong over the Australia Day long weekend. Over the weekend of 24-25 February, Sydney Harbour becomes a waterway racetrack when the [Sail GP](https://sailgp.com/races/season-4/australia-sail-grand-prix-sydney/overview/ "SailGP: The Ultimate in Sail Racing Excellence") event is held. There are opportunities to join hospitality craft on the water or take up a vantage point on land to catch the high speed action. In February the Offshore Superboat Racing gets underway and in March the Sydney Superyacht Festival and Fremantle Boat and Seafood Festival are scheduled. Plenty to see and do across the boating industry for enthusiasts and buyers to enjoy. ## Arranging Finance for 2024 Boat Shows Orders Buyers looking to order at a boating event can speak with us at any time before the date regarding their marine credit options. We offer loan options for all types of [watercraft financing](https://jade.finance/boat-loans "Dive into Watercraft Financing: Your Path to Nautical Adventure") from tinnies to top of the range, sail and power. Loans can be approved ahead of purchase based on an estimate of the funding required. There is no commitment or obligation to proceed associated with pre-approved funding but there is a timeframe for taking up any offer. This timeframe may vary with the lender and your Jade broker will advise you of this when making your initial enquiry. Prospective buyers are welcome to have those initial discussions with us at any time in the lead-up to an event by phone or via our online resources. The end of the boating season may be coming up but the start of the boating buying season is just about to start. Be ready with your finance to make the most of the opportunities. **To discuss financing to order at 2024 boat shows, [contact Jade Finance](https://jade.finance/contact-us "Get in Touch with Jade Finance: Your Partner in Financial Solutions") on 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [How do loans stack up against BNPL and credit cards?](https://jade.finance/blog/how-do-loans-stack-up-against-bnpl-and-credit-cards) **Published:** October 25, 2021 **Author:** Publisher **Content:** The finance sector is a dynamic and constantly advancing area industry. The growth in fintechs, the emergence of new non-bank lenders and innovations in online products and services have all contributed to the surge in development of a vital and highly competitive lending industry. Individuals and businesses in the market for loans, finance or credit have a range of lending options depending on the purchase. Of particular note has been the quite dramatic increase in BNPL, buy now pay later, services. While term payments are not actually new, some whitegoods and electrical retailers have had these in-store services available for decades, the widespread nature and accessibility of BNPL is of note. When making a myriad of purchases, especially online, buyers are offered a BNPL option. So what exactly are these services and how do they stack up against say personal loans and credit cards for major purchases? In particular we are considering our key lending sectors – cars, motorbikes, bikes and caravans and provide an analysis of the pros and cons of different credit options for you to review. ## **Buy Now Pay Later: Key Features** BNPL is available through a number of companies and new players are reportedly entering the market. The concept is relatively simple – it offers buyers the option of paying off the goods in instalments rather in one lump sum. This can be a great advantage for especially online retailers as it provides a way for buyers to purchase higher priced items immediately. The advantages are quite obvious – convenience and ‘having it now’! But buyers should know what costs are involved when considering BNPL. - Typically advertised as no interest charges, BNPL services do charge a fee or several different fees for the service. These can include a fee to establish an account with the provider, a fee for the payment and even a monthly account fee. - When comparing a BNPL option with say a loan for a boat or car, note that secured loans have monthly repayments and many BNPL will offer fortnightly repayments. Ensure you’re comparing oranges with oranges. - Payments to BNPL may be connected to a credit card and if the credit card charge is not finalised immediately, the buyer will be up for high interest charges on the credit card. Connecting BNPL to a debit card or transaction account where possible reduces this risk. - When payments are missed, the default may be made as a report to credit reporting agencies and impact negatively on a credit score. - While convenient and seemingly instant, some BNPL providers will conduct credit checks. - If applying for a loan through Jade, a bank or other lender, the applicant’s BNPL history would be reviewed as part of the loan application assessment. While typically available on lower priced goods, some BNPL providers do provide $30,000 account limits so buying a car, boat or motorbike with BNPL may be available. Tip: get a quote from Jade Finance or at least use our calculator for estimated loan repayments to compare with the costs/benefits of BNPL. ## **Credit Cards: Features** Credit cards are a constant part of most people’s lives, though there is an increasing trend toward debit cards. It has been reported that while under lockdown and stay at home orders due to COVID-19, many people paid off their credit card balances with money they had no opportunity to spend elsewhere. But with restrictions eased, that trend also seems to have eased with reports that many customers have been drawn back to using their card cards. With the rise in online shopping where a credit card or debit card is essential, this is probably not surprising. When it comes to making significant, major purchases such as cars, boats, caravans and motorbikes, using a credit card may be tempting and quite possible. If the balance has been cleared and the card holder has a large credit limit sitting in their wallet it can give a false feeling of wealth. Yes, you could in reality walk into the dealership and buy that car/boat/caravan with your credit card. Sounds like a scene from a movie and probably is. In our opinion, that is where that apparition should remain. Consider the reality of making major purchases on a credit card:- - While interest rates have gone done dramatically recently and the cash rate is sitting at a historic low levels, interest rates on credit cards have hardly budged. While there are low rate cards available, that low rate might be 12%. A typical credit card interest rate can be 19%. Compare that with our current interest rates on secured loans and – that says it all! - Credit card providers clearly show the minimum payment due each month and it is very tempting for some people to pay on that minimum. All the while the interest is building and building month after month. Because such a small amount is being paid each month, it can create a false impression that the car or boat payment is not much. Reality – it is a lot more. If making these types of purchases using a credit card, to keep interest charges as low as possible, buyers should make significant payments each month to reduce the debt. ## **Secured Personal Loans** For major purchases such as cars, boats, caravans and motorbikes, Jade Finance offers secured personal loans. These loans are specifically designed for these purposes and offer many positive features and advantages when compared with purchasing these items via BNPL or on a credit card. - Loans can be sourced and tailored by our consultants to meet the individually requirements of our customers. - Our cheaper [interest rates](https://jade.finance/personal-loans/best-personal-loan-interest-rates) are significantly less than those available on credit cards. - Fixed repayment schedules are set-up to suit individual budgets and provide for both the principal and interest to be reduced over the fixed loan term. This enables customers to achieve equity in the goods over time which can be a plus at resale time. - While we do have minimum loan amounts, for most of our loan categories there is no maximum loan limit. So loans are available for top of the range vehicles and boats at cheap interest rates. - Having a secured loan and making the repayments as required, can contribute positively to a credit score. Having a high balance on a credit card or monies owed on BNPL can result in a negative impact. To compare how our secured loans stack up against other options, just refer to our Lender Comparison Calculators or just give us a call for a quote. If timing is a factor and you think BNPL or credit card is the faster way to go, we assure you that our quick quotes and fast approvals ensure a convenient and streamlined service. Staying across innovations and new finance products can be a great way to build your finance knowledge and credit awareness. But finance decisions should be made from a well-informed position. We have built an extremely efficient and convenient online lending service and continue to expand our resources while adhering to our responsibilities as a responsible credit provider as licensed through [ASIC](https://asic.gov.au/). **To discuss both business and consumer finance contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Holiday road trips: What car? What car loan and what to watch out for](https://jade.finance/blog/holiday-road-trips-what-car-what-car-loan-and-what-to-watch-out-for) **Published:** October 31, 2022 **Author:** Publisher **Content:** With Christmas and those all-important end-of-year holidays looming, thoughts now turn to where to go and how to get there. For many holiday-makers, a road trip is the ideal way to travel and discover more of this great country. But to take on a road trip requires a suitable vehicle. That could mean it’s time for a new car and for many, a car loan. The last thing you want to happen during a great road trip holiday is for the car to break down and be stuck somewhere other than the holiday location, while repairs are carried out. Road trips can offer greater flexibility than say air travel. Destinations and routes can be changed on a whim and that may be critical for those planning to head off in coming months. Floods are currently impacting many areas of NSW, Victoria and Tasmania with regions of Queensland and South Australia also potentially at risk. Many roads may be impassable or areas isolated. So quick plan changes may be required en route. Travelling by car also provides the advantage of being able to take all the gear, toys and sporting and recreational equipment required to max-out the holiday experience. But that may require a bigger or a better car. **To make sure that new car purchases for holiday road trips don’t impact holiday budgets, buyers can source a cheaper car loan through Jade Finance**. First though, what car to buy? Supply issues have been impacting the new car market as explained by the [FCAI](https://www.fcai.com.au/). So buyers may have to consider a number of options to find a vehicle that suits their road trip plans, transport needs when not on vacation and is available to drive-away in time for the holiday schedule. We present some of the September top sellers as ideas and inspiration for buyers. ## **September’s Top Sellers** The roads to be travelled, the passengers to be accommodated, the gear to be taken or towed and the budget will all contribute to the final decision as to what car to purchase. Sports cars are popular for long drives and a convertible or a roadster may be suitable for couples heading off. The [BMW Series 4](https://www.bmw.com/en-au/home.html) was a top seller in this category as were several models from Mercedes-Benz. But for those taking more people, more gear and more rough roads, an SUV is likely to be the model of choice. But be mindful that not all SUVs will be equipped with 4WD and all-terrain capabilities. If you are heading off-road, then consider a vehicle that is definitely suited. LandCruisers and Nissan Patrols are popular with the 4WD community and many of the Audi models are all-terrain vehicles. For a smaller SUV (not 4WD), the recent top sellers were the CX3 from Mazda and Kia Stonic. In the medium size it was another Mazda, the CX5 that was in the top seller list along with the Model Y from Tesla, Mitsubishi’s Outlander and Toyota RAV4. Larger top-selling SUVs included Toyota Prado, Mercedes GLE, Isuzu MUX, BMW X5 and Subaru’s Outback. Many will be wanting a more multi-purpose vehicle such as a ute that is stylish and comfortable enough for that holiday trip but rugged enough for work on return. For these buyers you can’t go past the HiLux and Ranger or possibly the Triton. These were the top sellers in that category but there are many more sport utes on the market, across a wide price range. Price – now time to talk finance. ## **Car Loan Options** For most private buyers of new cars, our [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans) will be the most suitable finance. This loan type suits most vehicles being purchased for private use. Despite the RBA raising interest rates at its last 6 Board meetings, we have maintained our [cheaper car loan interest rates](https://jade.finance/car-loans) with our rates significantly below those of some other leading lenders. To work out the estimated loan payments on vehicles of interest simply use the [Finance Calculator](https://jade.finance/personal-loans/personal-loan-calculator) and see how much may still be in the kitty for those holiday excursions after a cheaper car loan is secured. Tip: don’t wait too long to apply for a car loan. The RBA is tipped to make further rate rises in coming months and motor vehicle finance lenders do responds with their own interest rate increases. ## **Travel Planning** While there are an endless range of options of places to visit by road in Australia, with the current flood situation, travellers may need to be more cautious in planning their trip. Authorities have issued advisements to those planning road trips to be well aware of the situation, stay across the updates, forecasts and warnings and be prepared to change plans if necessary. Many roads in the flood-affected areas and those that have seen massive rainfall are damaged. Many roads have potholes and other damage which may take months for councils and road authorities to repair. Road trippers will need to ensure their vehicle is up to travelling on the chosen route and may need to change their route as a result of damage to roads. **Contact Jade Finance 1300 000 008 to arrange cheaper car loans to purchase a new car which will take you on a great holiday road trip.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Historic Year, Historic Interest Rates: How long with low rates last?](https://jade.finance/blog/historic-year-historic-interest-rates-how-long-with-low-rates-last) **Published:** November 9, 2021 **Author:** Publisher **Content:** Australia marked a historic milestone on the first Tuesday in November 2021. It wasn’t the surprise winner of the Melbourne Cup, this was a milestone with far-reaching and widely realised benefits. On 2 November the [Reserve Bank of Australia (RBA)](https://www.rba.gov.au/) kept the official cash rate on hold at the historic low of 0.1% Marking a full 12 month cycle of historic low rates for the Australian lending sector. It has been a historic time for many reasons regarding the COVID-19 pandemic. The history-making low interest rate environment just one of many events of note over the period. But how long will this lowest rate scenario be sustained? We cover off on the latest RBA November statement and the indicators that may trigger a rate hike. ## **Interest Rate Scenario** The [official cash rate](https://www.rba.gov.au/monetary-policy/) is of major significance to borrowers of all types of finance as it is essentially a foundation base from which lenders set and structure the rates that they offer on their finance and loan portfolio. The rates set by individual lenders will also include their costs of borrowings, their exposure to different sectors and their own forecasts of the market. In response to the pandemic, the RBA cut the official interest rate three times in 2020. The strategy being to stimulate the economy by making borrowings cheaper and hence investing in especially new business equipment more attractive. This monetary policy strategy worked in conjunction with Fiscal Policy moves which included the introduction of Instant Asset Write-Off and [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) for business investment acquisitions. While the early year cuts were somewhat expected, the November 2020 cut to 0.1% came as a surprise to the market. The historic low rate has enabled both consumers and business access to cheap finance and loans. But while borrowers are enjoying the ride, the housing market has heated up, many saying over-heated, and many have been calling for the RBA to cut rates in response. The thinking being that it would make home mortgages more expensive and deter buyers. The RBA has repeatedly countered these calls and kept the rate steady at the historic level. ## **Statement by RBA Board: November 2021** At the November 2021 meeting, the RBA Board held the cash rate at the 0.1% level. Noting that despite the serious outbreak of the COVID Delta strain, the economy was expected to bounce back quickly. It noted that inflation has risen to 2.1% but the 3% target was not expected for several years. Inflation is an important figure for prospective borrowers to stay across as this is a key economic indicator, along with unemployment, that the RBA has noted as a trigger for a rate rise. The target inflation range which the bank has consistently noted is sustained in the 2-3% range. Not simply one or two months but sustained. An unemployment figure below 4% is also sought. The RBA expects unemployment to be 4% by the end of 2023. One key policy change that was made by the RBA at this time, is to the bond buying program which it has undertaken as part of monetary policy to support the economy. This is being wound back which is an indicator of the economy’s recovery. In remarks, the RBA Governor, Philip Lowe, noted that GDP was expected to post a solid gain in the December quarter, following the contraction in the September quarter which reflected the Delta outbreak effects. Mr Lowe also noted that the current forecasts of inflation around 2.5% in 2023 is higher than the RBA’s previous forecasts. However, he mentioned that it was not expected that Australia would experience the ‘surge inflation’ has experienced in some countries. Stating that the situation in this country is different. A very important remark which borrowers should note is that Mr Lowe notes that the decisions made do not represent a view that the Bank will increase the cash rate prior to the 2024 indication. He stressed the uncertainty of the timing of any future changes. He said that it is entirely possible, given the information at hand, that the cash rate could remain at 0.1% to 2024 but that an earlier increase may also be possible. There are analysts and experts in the finance sector including some major banks that are forecasting rate increases in 2022 of 2023. It is worth noting that much of the discussion around banks and interest rates are in regard to home mortgages which are structured differently than our consumer loan and business finance products. ## **Comparing Interest Rates** To [compare current interest rates](https://jade.finance/personal-loans/best-personal-loan-interest-rates) available through different lenders on different loan products and across our [business finance portfolio](https://jade.finance/business-loans/best-business-loan-interest-rates), simply refer to our interest rate calculators. Regardless of any moves by the RBA on the cash rate, Jade Finance is committed to achieving better interest rates across our lending market. **Contact Jade Finance 1300 000 008 to discuss your business finance requirements.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Hints for Buying at Shows and Field Days](https://jade.finance/blog/hints-for-buying-at-shows-and-field-days) **Published:** February 26, 2021 **Author:** Publisher **Content:** With the 2020 calendar of boat shows, caravan shows, truck expos and equipment field days decimated due to coronavirus, it’s great to see industry bodies posting their calendars of events for 2021. While the [Melbourne Boat Show](https://www.melbourneinternationalboatshow.com.au/) was on and then off again, there is a comprehensive schedule of events planned for those interested in boats, caravans, trucks, a range of business equipment and machinery. Attending shows presents potential buyers with great opportunities to easily see a wide range of makes and models in the one place, speak with manufacturer reps in a less high-pressure selling environment and see products you may not have even known were on the market. Exhibitors use shows to launch product and promote their models to a large number of people in the space of a few days. But they are also extremely keen to write orders! After the issues of 2020 many will be exceptionally eager to make up for lost sales in 2021. Many will offer ‘show specials’ which may include discounts and offers which are only available for those that buy or order at the show. These offers are used to entice and incentivise buyers but they can also offer great value. So how can you capture those opportunities and what can you expect in shows and field days for 2021? ## **2021 Events Calendar** The caravan and boating industries released their calendar of shows a few weeks back and we have posted this in an article which we refer you to. As mentioned, the Melbourne Boat Show has been cancelled due to exhibitors not having sufficient stock. But that can mean – road trip – for boat fans. Plan a trip to Sydney, Brisbane or Sanctuary Cove for the big shows or check out the caravan and outdoor shows. Caravan shows have expanded their scope in recent years and now tend to be general outdoor lifestyle events. Many include exhibitors for both the caravan industry, the boating sector and 4WD vehicles to include many lifestyles and buyers. For truck buyers, the [Brisbane Truck Show](https://brisbanetruckshow.com.au/) in May is shaping up as the major event for the sector, despite some of the big names not exhibiting. The show is proceeding at this stage so make your plans. For those in the mining sector, make your plans to attend [AIMEX](https://www.aimex.com.au/exhibitors/) in November at the Sydney Showgrounds. Scheduled for 16-18 November so plenty of time to get organised. For the civil construction, building, trades and ag sector, an extensive calendar has been released, so get your diary open to note these dates and locations:- - 26-28 March, Perth Home Show - 9-11 April, National Diesel, Dirt and Turf Expo at Sydney’s Eastern Creek - 16-18 April, Melbourne Autumn Home Show at the convention centre - 30 April to 2 May, Masters Builders SA Home Show in Adelaide - 13-15 May Civil Construction Field Days at Hamilton QLD in conjunction with the Brisbane Truck Show - 8-10 June. Farmfest is on in Toowoomba - 16-18 June Perth Tradie Expo is on at Ascot Racecourse - 6-8 August Perth Home Show at the exhibition centre - 17-19 August head to Gunnedah in western NSW for AgQuip - 20-22 August Melbourne Home Show - 21-23 September Henty Machinery Field Days - 5-7 October Elmore Machinery Field Days - 11-13 October DesignBUILD is on at Sydney’s ICC - 15-17 October the Adelaide Home Show is on - 21-23 October Australian National Field Days at Borenore NSW - 23-24 November Sydney Build Expo at Sydney’s ICC We’re sure to come across more events so stay connected with our news for updates. ## **Attendance Advice** Due to COVID-19 restrictions 2021 events will need to comply with relevant state COVID-safe event plans. Make sure you check in with the event organisers via social, web or subscribe to updates so you know what to expect. Pre-booking will be required at many events and capacity may also be limited. So early registration could be advisable. ## **Be Ready to Capture a Deal** If you intend to place an order at a show, we have some great hints around the finance and loans side of the process. - Have our [Jade Finance](https://jade.finance) interest rate comparison easily accessible on your phone. If you’re offered dealer finance at the show, quickly refer to our cheap interest rates so you don’t sign up for a more costly loan. - When comparing makes and models, refer to our calculators for rough estimates on repayments for the different price points. The calculators are online tools such as [car finance calculator](https://jade.finance/car-loans/car-finance-calculator), so you should be able to use them from a smart phone. - Get pre-approved finance before the show. This can be key to capturing a show-stopper of a deal. Just speak with your Jade consultant in the time leading up to the show and have us arrange a pre-approved loan for you. This process involves organising your finance or loan up to approval stage so you can proceed to order your goods, confident that you have the funds approved to settle the deal. There is no obligation attached to pre-approved finance so if you have a change of mind and don’t place an order that is not an issue. - Keep the Jade Finance contact number 1300 000 008 in your phone contacts so you can give us a call from the show to talk loans and finance. Our services, including pre-approved loans are available across all our [business finance](https://jade.finance/business-loans/best-business-loan-interest-rates) and consumer loan categories. 2021 is shaping up as a great year for industry showcase events and with our finance services to assist you, you should be well-placed to capture a great deal. **For business finance and consumer loans, contact Jade Finance Call 1300 000 008** *DISCLAIMER: PLEASE NOTE THAT THIS INFORMATION IS PROVIDED PURELY AS A GENERAL INFORMATIVE ARTICLE AND IS NOT INTENDED AS A SINGLE SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADVICE IN REGARD TO THEIR FINANCIAL SITUATION ARE ADVISED TO REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ERRORS OR MISINTERPRETATIONS IN THE DATA, FIGURES, DETAIL AND OTHER INFORMATION AS SOURCED FROM OTHER SOURCES.* **Categories:** Information --- ### [Heads-Up: Deadlines looming for COVID-19 Support Changes](https://jade.finance/blog/heads-up-deadlines-looming-for-covid-19-support-changes) **Published:** September 21, 2020 **Author:** Publisher **Content:** Since March-April 2020, many individuals and businesses have been receiving, and in many cases surviving on, coronavirus support and incentives provided through both Federal and state and territory Governments. Whether it was wishful thinking that the pandemic would be over in a relatively short time or conservative policy-making, but timeframes, some as short as 6 months, were placed on many of these supports. At the time the policies were announced, 6 months seemed a very long time – remember? Having never experienced a global pandemic, most of us at least thought WHAT??? Six months seemed like an eternity. But as the weeks and months and second waves and new outbreaks have rolled on, it now appears 6 months is not nearly long enough in terms of support. The Federal Government has tweaked the detail to some measures but deadlines are still approaching for changes and in some cases, expiration of key measures. Businesses and individuals should be taking note and making the necessary tweaks to their own individual finances. ## **JobKeeper Changes** JobKeeper has been the flagship of the Federal Government coronavirus response with millions of individuals and hundreds of thousands of businesses benefiting from the scheme. But the[ first deadline for this to expire was 28 September 2020](https://www.ato.gov.au/individuals-and-families/financial-difficulties-and-disasters/covid-19/jobkeeper-payment). That ‘expiration date’ has been tweaked into a ‘change date’ and those affected should be paying attention. Businesses that want to continue to receive the wage subsidy will need to reapply and again at the end of 2020 and meet the revised criteria. The wage subsidy is being reduced and a different amount applicable to part time and full time workers. If this reduction will be a significant impost on your cash flow moving forward, you may wish to review your current finance and loans. If you would like to consider your refinance options, speak with one of our [Jade Finance](https://jade.finance) consultants about how we may be able to restructure your existing loans into a more workable package. ## **Instant Asset Write-Off Ends 31 December 2020** Since being introduced in March the I[AWO has been widely promoted by many motor vehicle and equipment suppliers as an incentive to attract buyers](https://jade.finance/blog/is-now-the-right-time-to-buy). But for businesses that have still not got around to those all-important asset acquisitions which will allow them to realise the benefits of IAWO – NOW is the time to move. The original deadline was extended to 31 December but that is the date that the assets must be acquired and operational in the business in order to be eligible for IAWO. Check the ATO website to ensure the cars, trucks or equipment that you have in mind are eligible assets under the scheme. In brief: - Businesses with turnover aggregated under $500m are eligible - Threshold for assets is max $150,000 - Assets may be cars, business vehicles, trucks, equipment subject to specific criteria. Jade Finance can act quickly to assist you with a quote on a [Chattel Mortgage](https://www.jadecarloans.com.au/car-chattel-mortgage) for the purchase. You will need to use this type of finance for your acquisition as the asset will need to be entered on your balance sheet to enable your business to realise the asset write-off. Your Jade consultant can arrange pre-approved finance so you are well-organised ahead of speaking with the supplier. And by handling the loan sourcing, lender negotiations and the paperwork, we can save you a lot of time and expedite the finance side of your acquisition to meet the IAWO deadline. When looking at these deadlines, don’t forget to take into account the possibility of delivery delays for certain vehicles, trucks or equipment as a result of COVID-19. Both in overseas and local markets, manufacturing and other processes have been disrupted due to coronavirus. These may result in shortages or delayed delivery. To ensure you meet 31 December 2020 deadline, it may be a good idea to get onto this right now. ## **Business Backed Investment Deadline** The BBI has a longer timeframe with the eligibility criteria being that the assets must be purchased and operational after 12 March and in place by 30 June 2021. Those months can tick away especially with allowing for Christmas-NY breaks here in Australia and then the shutdowns for Lunar New Year in many Asian manufacturing hubs in early 2021. You can check criteria for this scheme at [https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Backing-business-investment—accelerated-depreciation/](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/backing-business-investment-accelerated-depreciation) and speak with a Jade Finance consultant at any time about locking in your finance deal. ## **General Outlook** - The August job figures surprised most pundits and the Treasurer himself with the drop in unemployment from 7.5% to 6.8%. But most are taking a cautious approach as the full effect of Victorian August-September lockdown is still to be felt. - The [US Federal Reserve](https://www.federalreserve.gov/) has made a statement saying they intend to keep interest rates at near zero until inflation rises to give the economy a chance to recover. This could be well into 2023. How this will affect the official interest rate in Australia will have to play out. But suffice to say, it is looking like low interest rates will be with us for some time. To take advantage of the current low interest rates to make that special personal purchase or business asset acquisition, there is no deadline on our Jade Finance cheap loan deals! **To discuss your finance requirements please call Jade Finance. Call 1300 000 008** *DISCLAIMER: ALL INFORMATION WHICH IS PRESENTED IN THIS ARTICLE IS INTENDED SOLELY FOR THE PURPOSE OF PROVIDING GENERAL INFORMATION. IT IS NOT UNDER ANY CIRCUMSTANCES INTENDED AS PROVIDING FINANCIAL ADVICE. FOR SPECIFIC FINANCIAL ADVICE ON INDIVIDUAL FINANCIAL CIRCUMSTANCES, READERS ARE ADVISED TO CONSULT WITH A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR INCORRECT OR OUT OF DATE DETAILS IN REGARD TO GOODS, SERVICES, POLICIES AND PROGRAMS MENTIONED IN THE ARTICLE. THE INFORMATION AND DATA QUOTED HAS BEEN SOURCED FROM PUBLICLY AVAILABLE SOURCES INCLUDING MANUFACTURER AND GOVERNMENT WEBSITES.* **Categories:** Information --- ### [Guide to Consumer Finance Savings – Car Loans, Motorcycle Loans, Boat Loans, Caravan Finance](https://jade.finance/blog/guide-to-consumer-finance-savings-car-loans-motorcycle-loans-boat-loans-caravan-finance) **Published:** June 27, 2022 **Author:** Publisher **Content:** Inflation is biting hard on household spending and business bottom lines and unfortunately, the RBA has indicated the rate of inflation is set to rise further in 2022. Those intending to purchase consumer goods such as cars, motorbikes, boats and caravans this year will be sure to be seeking ways they may be able to save on both the goods and the finance. There are a number of actions and steps that buyers can consider to make savings on their car loans, motorcycle loans, marine finance and caravan finance**.** Savings and reductions in monthly outgoings which may mean the purchase is still viable despite the current economic conditions. Let’s start with qualifying the definition of ‘savings’. This can have varying interpretations and relevance to different people depending on their financial objectives. In this discussion we are considering a range of strategies and approaches which will enable buyers to reduce the cost of the car, motorbike, boat or caravan loan in a range of areas. The areas we will be addressing are:- - Interest rates and how a lower rate can be achieved and reduce the cost of the loan. - The total sum of the interest which accrues on finance over the loan term and how that may be reduced to realise a real savings. - Reducing regular outgoings by securing a lower monthly loan repayment figure. - Making upfront decisions based on longer term plans which can avoid certain fees down the track. While most lenders focus entirely on interest rates, and that definitely is our key focus at Jade Finance, we also want our customers to have the knowledge of how they can better structure their loans to achieve savings. We share our expertise to add to your personal knowledge bank and assist with your purchasing decisions. ## **Getting Cheaper Interest Rate Loans** Interest rates have started to increase after a long period of record lows as the [RBA](https://www.rba.gov.au/) seeks to arrest the surge in inflation and normalise monetary conditions. This means rates will be higher across the consumer finance market. To be offered the cheapest interest rate available, loan applicants can consider a number of issues:- - Maintain [credit score](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) in the good range. The cheapest rates advertised across the lending market are for applicants with good credit and for new goods (unless otherwise stated). - Prior to applying for a new loan, look at ways to improve your score to ensure you are best-placed to be offered the cheapest interest rate loan. Assistance in how to do this is provided for you at [Moneysmart.](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) - Be savvy in the choice of lender you make. Consumer finance rates do vary from lender to lender and the variations in some cases can be significant. Refer to our [Interest Rate Comparisons](https://jade.finance/car-loans/car-loan-interest-rates) for an illustration. Jumping into a loan offer from say a dealer or applying to a finance company or bank based purely on the fact that you had a loan from them previously, may not result in the cheapest deal. Using our services allows for a vast section of the lending market to be covered in order to uncover the cheapest interest rate available to meet your requirements. - Don’t wait. Interest rates are strongly tipped to be rise several more times over coming months. The longer you delay your purchase and loan application, the stronger the possibility that rates will be higher. - Make sure the loan includes a fixed interest rate which is fixed for the entire loan term. We do see some ‘too good to be true’ offers where the promotional rate is only for a limited time after which it soars to over-the-market rates. ## **Cutting the Costs of the Total Amount of Interest** While many focus on the actual interest rate as it does determine the overall cost of the finance, attention can also be paid to that overall interest cost. That figure is the real amount you are paying for that car, bike, boat or caravan. So if you can reduce that, then the goods become effectively less expensive. The total of the interest on a loan is calculated with 3 figures – the amount of the loan, the term of the finance and the interest rate. We addressed above the interest rate so now we’ll look at the other two elements and how you can vary these to make a savings. Reduce the loan amount being requested by either selecting a less expensive make or model or by considering a deposit. We offer no deposit finance and during the record low interest rate period this was a very attractive option. But by paying even a small deposit to the seller, the loan amount is reduced and hence the loan accrues less interest. The term of the loan can also be considered. A longer finance term results in a lower monthly finance payment but more interest in total as interest is calculated per annum. So opting to manage a higher finance repayment per month over a shorter finance term can result in reducing the total interest on the finance. Thus realising a saving on what you are paying for the goods. The total finance cost can come into stark relevance at resale time. ## **Save or Reduce Loan Payments** For some loan applicants, a ‘savings’ can mean getting lower repayments each month. This is the amount that will need to be met each month and can be the most relatable and relevant to many people. Especially relevant in this current inflation surging period. Using a [Loan Calculator](https://jade.finance/car-loans/car-finance-calculator) enables buyers to see exactly how the term of the finance and the interest rate interact to vary the repayment. As discussed above, the loan term can be varied to change or save on repayments. It won’t realise a reduction in the cost of the loan but it will reduce the monthly burden. Not all banks and lenders will be negotiable on loan terms to achieve the target repayment amount. But when using Jade Finance as your lender, you have the expertise and bargaining power of our consultants to negotiate the best loan structure possible to meet individual objectives. ## **Long Term Thinking to Reduce Some Charges** It may seem strange but when you are applying for finance on new goods, it can be worthwhile in regard to savings, to consider how long you plan to own the goods. This ownership period can be tied in with the loan term to avoid early payout fees. If goods are sold or traded while under finance (before the end of the loan term) pay out fees can apply. These can be avoided by ensuring you own the goods through the full term of the finance. For example, if you upgrade your car every 4 years, then requesting a 4 year and not a 5 year finance term would make more sense. In this period of rising inflation, rising prices and rising interest rates, it is more important than ever to take a broad-based, wide and encompassing view when applying for finance. With our assistance, buyers can realise savings or reductions in a number of areas which can be significant in supporting their financial goals. **For further personal assistance with individually-sourced and structured finance contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Get Pre-approved Boat Loan ahead of Sanctuary Cove Boat Show](https://jade.finance/blog/get-pre-approved-boat-loan-ahead-of-sanctuary-cove-boat-show) **Published:** February 22, 2022 **Author:** Publisher **Content:** Boating enthusiasts from outside Queensland will no doubt be relishing the opportunity to once again attend the [Sanctuary Cove Boat Show](https://sanctuarycoveboatshow.com.au/) this year. While this very popular event on the boat show calendar did go ahead in 2021, most interstate and international visitors were unable to attend due to Queensland’s border closures. This iconic boat show will be held from 19 to 22 May on Queensland’s Gold Coast within easy reach of the GC, a short drive from Brisbane and not far over the NSW border. With the countdown now on, now is the time to get organised with travel and accommodation plans to attend the Sanctuary Cove Boat Show and for keen buyers, get that pre-arranged boat loan. Pre-arranged finance is a smart strategy for attendees at all types of shows and expos when they have a clear intention of placing their order on the day. But the current supply and demand issues in the boating sector may add to the significance of having finance confirmed prior to inspection. Supply chain issues and lockdowns in some states slowed production for some local and overseas manufacturing facilities over the past few years. Add to that the surge in demand for boats as Australians could not travel as usual, and it created the perfect storm for some makes and models being hard to land. Having a boat loan in your back pocket when attending a show can place you ahead in the queue for delivery as you can be in a position to commit to the sale on the day. In the lead-up to this iconic event, we update on what to expect at Sanctuary Cove along with our tips and hints guide for all show and expo attendees. ## **Sanctuary Cove Show Exhibitors** The full list of exhibitors is yet to be released but a number of big names have been revealed for some of the premier on-water spaces. Brands such as Maritimo, [Riviera](https://www.rivieraaustralia.com/), Horizon, Princess Yachts, Whitehaven and Palm Beach will be there with their latest luxury yacht collections. Yachting enthusiasts will also be well catered for with Beneteau and Eyachts such some of the brands on display as well as multi-hulls from Lagoon. The trailer boat brigade can check out the Stejcraft, Zodiac and Quintrex ranges for starters and the PWCs will be displaying both on and off the water. We look forward to news of which brands will be debuting at Sanctuary Cove but for now, news has it that the Riviera 78 will be launching prior to the event. Keen buyers are strongly advised to try and contact representatives prior to the show to set an appointment time for an inspection and purchase discussion. With 50,000 attending this event over the several days, there can be strong competition to see popular craft up-close. Boats and displays are not the only attractions at the show. The agenda includes entertainment, hospitality as well as educational sessions. Paul Burt with his cooking demonstrations and Shimano Fishing Tank Show always attract a good audience. ## **Prepare with Pre-approved Boat Loan** The best advice for keen buyers attending a boat show is to get a pre-approved boat loan. As we highlighted above, big crowds, some limited supply, strong demand – buyers need to give themselves an edge on getting their order in first. An edge that a pre-approved boat loan can provide. It also provides an opportunity to take advantage of show specials which may be available only for the duration of the event. Jade Finance offers pre-approved boat loans for our [personal loan](https://jade.finance/boat-loans) and [commercial finance](https://jade.finance/business-loans/best-business-loan-interest-rates) products. For recreational, private boat buyers, the Secured Boat Loan will be the most suitable type of loan. For those that have never arranged a loan before buying a boat, rest assured, it is straight-forward, obligation-free and identical in format to a loan applied for after purchase. The one thing that is a question mark on a pre-approved loan is the exact details of the boat and precise dollar figure of the loan amount. Answers which can only be known after the purchase deal is completed. So for the purpose of confirming a pre-approved boat loan, the loan amount is estimated around what the buyer intends to pay for the boat. An indication of the boat is also usually provided so the lender knows what vessel they may be accepting as security against the loan. When estimated a loan amount, remember to include an additional wriggle-room amount to cover extras you may want such as safety gear, upgraded electronics, bimini, extra covers or upgraded motor. Your Jade Finance consultant sources quotes and on your approval of the quote, proceeds to the application approved stage. Then you know your finance is confirmed to a certain amount. The offer is valid for a set timeframe. If you decide not to buy, the offer will simply expire. If the purchase price and hence loan amount varies from the estimate provided for the pre-approved application, these amendments are made prior to a final offer being confirmed. ## **General Boat Show Tips** - Book tickets well ahead and check out any coronavirus restrictions or conditions of entry. - Have the [Jade Finance Loan Calculator](https://jade.finance/boat-loans/boat-finance-calculator) accessible on your smart phone to quickly compare what we can offer with any finance offer made to you by another party at the show. - Add our Jade Finance phone number 1300 000 008 into your contacts for quick calls for quick quotes. Apart from the Sanctuary Cove Boat Show and other major events such as Sydney in July-August, there are many smaller outdoor lifestyle expos where boat manufacturers will be exhibiting. Being organised with a pre-approved boat loan regardless of the size of the show or the size of the boat you are buying can be very advantageous. **Contact Jade Finance 1300 000 008 for a pre-approved boat loan** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Get a Head Start on Summer 20/21](https://jade.finance/blog/get-a-head-start-on-summer-20-21) **Published:** July 5, 2020 **Author:** Publisher **Content:** After spending the tail-end of last summer in lockdown and amidst bushfire smoke and damaging rains, many Australians are eagerly looking forward to making up for lost time as soon as the weather starts warming up this year. It may be a while till we get to the official start of summer, 1 December, but now is a great time to put your recreational plans into place. Now is the time to take advantage of the great EOFY discounts on a wide range of goods with a Jade Finance loan at the current low interest rates, it makes perfect sense to get moving. We’ve put together a few ideas for you to consider. **Go Top-Down in a Convertible** Nothing says summer more than cruising in a convertible. Open-top motoring is the classic way to enjoy the outdoors and several manufacturers have great open-top models currently available on the Australian car market. In the luxury market BMW, Mercedes-Benz offer sensational convertible and cabriolet models. In the mid-range market, check out the Mazda MX5 as a fun machine. For classics, check out the used convertibles on [Car Sales](https://www.carsales.com.au). Jade Finance can arrange great [personal car loans](https://www.jadecarloans.com.au/personal-car-finance.php) to suit most drivers and most drives. **Head off on an Adventure in a SUV** The SUV has become a very popular vehicle worldwide and all major car manufacturers across budget, mid-range and luxury sectors have at least one if not several in their range. An SUV is a great vehicle for loading up the summer sports gear, surfboards, bikes and other toys and heading to the local beach or a destination far away from care. For economy priced SUVs, check out Hyundai, Kia and Suzuki. In the mid-range the perennial favourites are in the Toyota, Nissan and Mitsubishi ranges. For top of the range luxury head to a BMW, Mercedes, Audi or even a Porsche showroom for a test drive. Before you start selecting the SUV which suits your recreational style, speak with Jade Finance about a pre-approved car loan. That way, you’ll know your monthly repayments, how much you want to spend and it may give you greater confidence to seal a great SUV deal. Jade Finance offers car loans for the full range of SUVs – 2WD, AWD and full off-road, all-road adventure machines purchased either new or used. Don’t forget to have the Jade [Car Loan Calculator](https://www.jadecarloans.com.au/car-finance-calculator.php) open while browsing cars so you can quickly calculate a rough repayment estimate. **Get Out on the Water** Owning your own boat is a sensational way to enjoy not just summer but every season. Boats come in all styles, lengths and price points so there is sure to be a boat to suit your purposes. From dinghies and trailer boats, to mid-range cruisers, yachts, through sports cruisers and the luxury collections of motor cruisers. Australia has a great group of boat manufacturers in all categories. In the trailer boat fishing category, popular brands include Stacer, Barcrusher, Haines, Evolution, CruiseCraft and Horizon. In the cruiser category, ideal boats to cater for families include Sunseeker, Sea Ray and top of the range the luxury cruisers from Riviera and Maretimo. If you’re a purist, looking for a yacht, Beneteau and Jeanneau are very popular brands. If you can’t find the exact boat that suits your needs, engage the services of a boat broker to find your boat. Jade Finance [Boat Loans](https://jadeboatloans.com.au/) will ensure you receive the best quote on finance available so you have funds for bait and tackle! **Rev Up with a Jet Ski** Kawasaki Jet Skis and SeaDoo personal watercraft just scream SUMMER!! Easy to tow, easy to launch, easy to ride and so much fun. Jade Finance provides [cheap jet ski loans](https://jadeboatloans.com.au/jet-ski-loans) for both brand new and second hand machines. Make sure you have the correct licence to operate your jet ski and the right vehicle to tow the machine to the water. **Holiday in Your Own Caravan** Caravan holidays have had a huge resurgence in recent years and offer an affordable, flexible and fun way to enjoy the summer. Australia has a great collection of top caravan manufacturers, most based in Victoria but with dealers across the country. Check out the collections from companies like [Jayco](https://www.jayco.com.au/), Essential, Supreme Caravans and New Age Caravans. Many new caravans are built to order so you can choose the floor plan, configuration and in some cases interior décor and finishes that will suit your holiday fun. The build process may take some weeks, which is why you should be acting now to get your order so you’re ready for summer. For a quote on [caravan finance](https://www.jadecaravanfinance.com.au/), just call Jade Finance and we’ll organise a cheap loan for you. Whatever plans you have for this summer, Jade Finance is here to make those plans a reality with great consumer loans on boats, cars, caravans, motorbikes and jet skis. **Contact Jade Finance to discuss a consumer loan so you’re ready for make the most of this summer Call 1300 000 008** **Categories:** Information --- ### [Further Outlooks on Inflation and Interest Rates Revealed by RBA](https://jade.finance/blog/further-outlooks-on-inflation-and-interest-rates-revealed-by-rba) **Published:** February 23, 2023 **Author:** Publisher **Content:** ## Further info on inflation and interest rates from RBA For businesses and individuals with plans to buy major items with finance, the big question mark over that purchase is likely around interest rates. What will the rate be at the time of the purchase, how much higher are rates likely to go and if planning several months ahead, will the rises stop. The high rate of inflation in Australia is the main reason that the Reserve Bank of Australia (RBA) started lifted rates from the historic lows nearly a year ago. So staying abreast of outlooks on both inflation and interest rates may be critical to timing finance applications to make those purchases. There has been a plethora of information released over the first few months of 2023 in regard to inflation and interest rates including commentary from analysts, media as well as from official sources. The [Australian Bureau of Statistics (ABS)](https://www.abs.gov.au/ "Australian Bureau of Statistics") released the inflation data for 2022 in January and more recently the employment data. The RBA Board met in early February and released some information as to the Board’s outlook with the rate decision. In the past week more detailed information has become available by way of the minutes from the February meeting of the RBA Board. The minutes are posted about 2 weeks after the meeting. The information in this document is far more detailed and provides a much deeper understanding of how global and local factors are combining to impact inflation and consequently interest rates. **Perusing the RBA meeting minutes may provide insights on interest rates for individuals and businesses preparing to apply for finance for major purchases.** The minutes also cover the outlook for the global economy, business indicators, international and domestic financial markets and the future of money and payments. For those without the time to fully digest the entire document, we have summarised the key sections which relate to our area of interest and that of our customers – lending interest rates. ## Summary –Minutes of RBA Board Meeting The [minutes](https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-02-07.html "7 February 2023 | Minutes of the Monetary Policy Meeting of the Board | RBA") include multiple references to uncertainties. The Board identified and discussed uncertainty with a number of outlooks that can impact its decisions on interest rates. Of particular note, uncertainty around how fast inflation will decrease as tightening of monetary policy has the desired effect. In regard to the cash rate decision for February, only two options were discussed. This differed from the Board’s December meeting where three options were discussed. At that meeting the members of the Board discussed the arguments for 0.25% increase in rates, a larger 0.5% and the arguments for leaving rates steady, on hold. This revelation naturally attracted attention, especially from media. Dr Lowe, RBA Governor, was posed several questions on ‘hold’ option in appearances after that meeting. His response was that the Board all the options available were on the table. By the 7 February Board meeting however, it was only the two options to increase rates that were discussed. The discussions proceeded with the arguments for and against each option. For the 0.5% option, an argument was that the wages and prices data were above what was expected, and a risk presented that high rates of inflation could persist. If that did occur the heavy costs of rising unemployment and even higher interest rates would need to be addressed later. In favour of the smaller 0.25% interest rates rise, the arguments centred on inflation appearing to have peaked as per the December figures. Though there was uncertainty around this outlook. That being that a softening in demand was identified and the rate of underlying inflation was below expectations. The minutes note that there are sound scenarios indicating demand could be less strong that expected. After discussing the arguments for both options, the stronger case was seen for a 0.25% rate increase. Board members were in agreement that further increases would likely be needed. Inflation is expected to decrease but a risk of the high rate continuing was noted. Also noted was the cash rate in Australia being below that of several economies of comparable size etc. In regard to inflation, it is uncertain whether or not the latest figure – to end of December, was actually the peak. It would be some months before this could be confirmed. At a global level, inflation appears to have peaked and is easing in some countries. But that trend is yet to be transferred to the Australian economy and uncertainty exists around the speed at which we will see that trend start to be seen here. ## Personal Loan and Business Finance Significance As further rate rises seem likely, it’s important for businesses and individuals to stay informed about interest rate movements, especially when it comes to [car finance rates](https://jade.finance/car-loans/car-loan-interest-rates) and [equipment loan interest rates](https://jade.finance/equipment-loans/best-equipment-rates). Banks and non-bank lenders will be assessing information and making their own decisions based on analysts’ outlooks. As a result, the positions of lenders can vary across different lending markets such as recreational goods loans, truck loans, and commercial finance. At Jade, we source the cheapest rates from a large panel of lenders to ensure our customers receive better rates and cheaper finance options. If you’re looking to finance a major purchase, such as a car or equipment, getting approved for finance before future rate rises could be highly advantageous. Click here to explore your financing options and secure the best car finance rates and equipment loan interest rates with Jade. **Get approved for loans and finance at cheaper rates with Jade Finance – call for a quick quote 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Fresh Approach to Staff Bonus: Novated Car Lease with Salary Sacrificing](https://jade.finance/blog/fresh-approach-to-staff-bonus-novated-car-lease-with-salary-sacrificing) **Published:** May 23, 2022 **Author:** Publisher **Content:** The end of the financial year is the traditional time for many businesses to reward staff with bonuses. But coming off two years of COVID-related disruptions and lockdowns and with global events and supply issues causing problems across many sectors, paying bonuses this year may not be a realistic option for many operators. But showing appreciation for staff in a tight labour market may be essential to retaining top talent. As an alternative to a cash bonus businesses may consider a [Novated Car Lease with Salary Sacrificing](https://jade.finance/car-loans/novated-car-leasing-salary-sacrificing) as a fresh approach to rewarding valuable staff at EOFY**.** While not a cash reward, a Novated Car Lease does present a number of advantages for staff that agree to the arrangement. ‘Agree’ to the arrangement is key to this concept. This type of motor vehicle finance involves agreement between the employer, employee and the lender. The word ‘novated’ means to replace. In reference to motor vehicle finance a Novated Lease refers to the employee being replaced by the employer in the finance contract. The idea to consider a Novated Lease with Salary Sacrificing may come from the employee themselves or be suggested by the employer. It is a widely-used form of motor vehicle finance which we arrange for a range of different types of business. In simple terms, the employee agrees to sacrifice a portion of their salary to the amount of the car lease payments and other running expenses. But the employer actually meets the lease payments as the finance contract has been novated to the business. When all monthly payments and any residual payments are finalised, the title of the vehicle is transferred from the employer’s name to the employee’s name. We’ll now go through more of the details of how this form of motor vehicle finance is set up, what benefits there are for both parties and how it may work for your business. ## **Benefits of Novated Lease** The benefits to the employee are that by sacrificing salary, they may move to a lower income tax bracket. The amount being sacrificed is deducted from gross salary, prior to tax being deducted. That is from pre-tax wages. The move can place them in a lower bracket which means less total tax payable over the year. Compare this to say being given a pay rise or a taxable bonus, a portion of which would go in tax. It can be seen as preferable option. Choice and price limit of car may be subject to any [ATO](https://www.ato.gov.au/) rulings. The employee has the opportunity to select the vehicle which they would wish to purchase so they are not limited to the choice of say a fully-funded company car. During they finance term they have full use of the vehicle and at the end of the finance term they own the car. If the employee was to proceed to buy their new car without this finance option, they would typically require a [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans). They would then need to meet the loan repayments and the operating expenses from their after tax wages. By salary sacrificing, those costs come out of pre-tax wages. Employers benefit by being able to offer something special to valued employees and receive the tax deductions from the lease repayments and vehicle running costs that they are covering. ## **Novated Car Lease Structure** The steps in setting up a Novated Car Lease with Salary Sacrificing include:- - Employee and employer agree to proceed with the arrangement. - The employee sources the car they want. - Contact Jade Finance to source Novated Lease finance. - Based on the finance offer sourced by our consultant for monthly repayments and including the additional expenses, the employer and employee agree on the amount of salary to be sacrificed. - The employer replaces the employee in the finance agreement with our lender. - Employer meets the lease payments. - Employer deducts sacrificed sum from employee’s gross wages. - When monthly repayments are completed and the residual paid out, the car ownership is transferred into the name of the employee. - Once the finance is finalised and ownership is transferred, the agreement is final. - The employee is then responsible for maintenance and running costs of the car. - The sacrificed salary portion is reinstated and the wages adjusted accordingly. There will be some issues to work out such as what happens if the employee leaves the business before the lease is finished, mid-finance term. In such circumstances, the employer and employee will need to negotiate for the employee to pay out the remaining monies owed possibly with a new loan arrangement. ## **Interest Rates** Please refer to our current [business vehicle finance rates](https://jade.finance/car-loans/car-loan-interest-rates) to see the cheap rate we are currently achieving for Novated Car Lease. Employees can use this rate and the calculator function in the table to work up estimated repayments on different priced vehicles. This estimate can be used as a guide to the amount of salary sacrifice which may be required for the preferred car. This can be a useful buying tool when selecting vehicles. While widely-used, Novated Car Lease with Salary Sacrificing may not be a concept you have considered. With EOFY approaching, it may be worth considering and discussing with our consultants and your valued team members. **Contact Jade Finance 1300 000 008 for a quote on Novated Car Lease with Salary Sacrificing.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Flood Victim Support and Information: what to do with goods under finance and loan applications](https://jade.finance/blog/flood-victim-support-and-information-what-to-do-with-goods-under-finance-and-loan-applications) **Published:** October 31, 2022 **Author:** Publisher **Content:** With floods impacting multiple states – Tasmania, Victoria and New South Wales, and with heavy rainfall and possible flooding for areas of South Australia and Queensland possible, many Australians have serious concerns at the moment. To assist with some of those concerns, we provide flood victim support in regard to those worried about their loans and finance. Many people have been impacted with homes, businesses and property damaged and/or written off as a result of the flooding. When the damaged property or assets – cars, motorbikes, boats, caravans, trucks and equipment, are currently under finance, it can further add to the worry and stress. We provide **flood victim support via information on how to proceed for those that have lost cars, boats, bikes and caravans currently under finance due to flooding** and assistance with replacing those goods with new finance. ‘Under finance’ means that the goods have been purchased with a loan which is current and has regular monthly repayments due. In this information, we will refer to ‘goods’ to cover items such as cars, boats, caravans, motorbikes which have been purchased with consumer loans. Similar actions will also apply to businesses that have had trucks, vehicles, equipment and machinery as a result of flooding. We also advise those that may have pre-approved finance or loan applications currently being processed on what actions they may take if the flood event has resulted in changes to their purchase plans or financial capabilities. For those requiring cash assistance and support, direct [financial relief](https://www.premier.vic.gov.au/beginning-victorias-flood-recovery) can be sourced through state governments and through the [federal government](https://www.pm.gov.au/media/financial-support-people-affected-south-eastern-australia-floods). ## **Current Finance and Loan Holders** A condition of [secured consumer loans](https://jade.finance/car-loans/personal-secured-car-loans.php) is that lenders require the borrower to take out insurance on the goods. So goods under finance should be insured. Policies can vary, so it is important to check that the policy does cover flood damage. For those with current loans and the goods are a write-off and/or seriously damaged, these are the actions to take:- - Contact the insurer as a matter of urgency. These types of flood events result in many calls to insurers with many claims made. The faster that you can lodge the claim may expedite a resolution. - Where possible, consider lodging the claim online. - The insurer will advise what steps need to be taken regarding the claim. In some cases, the insurer’s assessor will need to view the goods to confirm they are a write-off. - The lender that holds the loan has a financial interest in the goods. The lender should be contacted to advise of the situation. The lender will then advise the process from their point of view. - Despite an insurance claim being lodged, the responsibility remains for the loan repayments to be made unless alternative arrangements are made with the lender. Failure to meet loan repayments can result in a downgrading of a credit score. - The insurer will process the claim and the lender will be paid the amount they are due. - Any funds from the claim over the amount due to the lender will be paid to the policy holder. - It is not necessary to wait until after a claim has been settled before applying for a new loan to replace the goods. Speak with us about the loan options available. If individuals have goods under finance which have not necessarily been written-off but the flood circumstances have left the individual unable to meet loan payments, they should contact their lender. Most banks and lenders have policies and procedures in place to assist flood-affected customers. This support will vary and the lender will advise individuals what assistance is available to them. ## **Pre-approved Loans Being Held and Applications Being Processed** For individuals that have pre-approved loans or loan applications currently being processed through Jade Finance and the flood has caused a change in circumstances, please contact us immediately. Pre-approved loans will simply expire as per the conditions. Loan applications may be paused or halted. Your Jade Finance consultant will advise the procedure and options available for re-applying for finance when the time is suitable to the individual. ## **Finance for Replacement Goods** Many individuals will be eager to replace written-off goods, particular motor vehicles, as soon as possible. There is not necessarily a need to wait until after the insurance claim has been settled. Contact us to discuss how we can commence a loan application for a [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans), [Secured Motorbike Loan](https://jade.finance/bike-loans/motorcycle-finance) or loans for other goods. The finance for the replacement goods would be based on current interest rates, not the rates and conditions which were applicable at the time that the loan was taken out on the damaged goods. Where monies are received from the insurance claim after the replacement goods have been purchased, secured personal loans do allow for extra payments to be made. So that money can be paid towards the loan. If you have any other questions or issues to discuss on these issues, please feel free to reach out to us for further assistance. **Contact Jade Finance 1300 000 008 for assistance with replacing flood-damaged goods with finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Fixed Interest Rate Loans – insurance against looming rate rises](https://jade.finance/blog/fixed-interest-rate-loans-insurance-against-looming-rate-rises) **Published:** May 2, 2022 **Author:** Publisher **Content:** Death, taxes, COVID-19 and now interest rate rises – there are things that are virtually impossible to avoid. Or are they? Vaccinations are provided as a level of protection against coronavirus or at least the worst symptoms and outcomes. When it comes to the looming interest rate rises this may seem an inevitable occurrence. But fixed interest rate loans on consumer goods and business assets can provide insurance that rates and repayments won’t increase as the[ RBA](https://www.rba.gov.au/) lifts the cash rate. We provide important information on what personal loans and business finance can be secured with a fixed interest rates and how both individuals and business owners can work to achieving the cheapest fixed rate loans. Loans and finance to purchase [cars](https://jade.finance/car-loans), motor vehicles, trucks, [caravans](https://jade.finance/caravan-loans), motorbikes, boats and a wide range of business plant, machinery and equipment. ## **Differentiating Interest Rates** Any discussion of general interest rates and especially the current discussions in media should start with differentiating between a few key concepts: fixed and variable interest rates and the home loans and loans for consumer goods and business equipment. First variable interest rates v fixed interest rates. A fixed rate on consumer goods loans and business asset finance means the rate remains fixed for the loan term. A variable interest rate means that the lender can increase or decrease the rate on the loan in line with changes to say the cash rate or their own internal policies. Now to point out some key aspects of home loans compared with other popular types of loans and finance. Home mortgages are the loans that are most in the spotlight and discussed in media reports in the conversation about interest rates. That’s because the home mortgage market is the largest lending sector and changes to rates impact a lot of households. But home loans are structured quite differently from the types of loans which are offered here through Jade Finance. Fixed rate home loans may only have the fixed interest rate for a few years after which the borrower must renegotiate or the rate may revert to a variable rate and as such vary with market movements. Hence the phrases ‘fix your rate’ ‘lock in your rate’ and ‘look to change your rate’. As rates have decreased and not increased over the past 12 years, this has been regularly heard. So when hearing general talk about interest rates, listen carefully to ensure the conversation relates to the type of finance or loan that you have or are interested in applying for. ## **Our Loans that Attract Fixed Interest Rates** Jade Finance offers fixed interest rates across many of the personal loans and business finance products in our portfolio. When a fixed interest rate is secured for these loans that means that the rate will remain unchanged at that level for the entirety of the loan period. That means that the rate and the repayments will be same for the whole term and no action, except meeting the repayments, needs to be taken by the borrower. Fixed interest rate personal or private loans are available for:- - Secured Car Loan - [Secured Motorcycle Loan](https://jade.finance/bike-loans/motorcycle-finance) - Secured Caravan Loan - Secured Boat Loan Unsecured Personal Loans to purchase these types of goods may be secured at either a fixed or variable rate. This type of loan may be sought where our lender does not accept the goods being acquired as suitable security for a Secured Loan or in situations where the goods are not offered as security. These situations may occur with share boat or shared caravan purchases and for some used goods. [Fixed interest rate](https://jade.finance/equipment-loans/best-equipment-rates) business finance is available for:- - Chattel Mortgage for motor vehicles, trucks and all types of business equipment. - Lease for motor vehicles, trucks and all types of business equipment. - Commercial Hire Purchase for motor vehicles, trucks and all types of business equipment. - Rent to Own Finance for trucks and some types of business equipment. Commercial finance products such as [Business Overdrafts](https://jade.finance/business-loans/business-overdraft), Insurance Premium Funding, Secured and Unsecured Business Loans and Debtor Invoice Funding can also be secured at a fixed interest rate. Fixed interest rate loans are particularly important in a rising rate climate. The RBA may increase the cash rate on several occasions during this and next year. When a fixed interest rate loan is secured the borrower will not be impacted by rises that happen after they have secured their finance. Fixed rate finance not only prevents repayments increasing it also provides essential certainty and confidence. Confidence to proceed with planning other acquisitions and budgeting for household and business expenditure moving forward. ## **Achieving the Cheapest Fixed Rate Loan** So we’ve made the case for securing fixed interest rate loans. Now, what can be done to achieve the cheapest fixed rate loan amidst possible RBA rate increases? Here’s our tips and hints:- - Maintain a good credit score. Refer to [Moneysmart](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) for how to access a copy of your report and fix any errors. - Keep the personal and/or business balance sheet in good order. This can include reducing debt levels by paying down loans prior to applying for new finance. - Focus on repayments as the cheap element rather than always on interest rates. The repayments can actually mean more than the rate. Use our calculators and play around with varying the loan amount and loan term to see which is the best combo to get the target repayment. Top tip – utilising our finance broker services to access a vast lender market and have professional finance experts source and negotiate your loan offer. **Contact Jade Finance 1300 000 008 for a quote on a fixed interest rate loan for your next major purchase.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Financing Those NY21 Resolutions](https://jade.finance/blog/financing-those-ny21-resolutions) **Published:** January 2, 2021 **Author:** Publisher **Content:** In the euphoria and excitement of New Year’s Eve or the regret and reflection of 1 January each year usually comes a raft of New Year resolutions. All those plans and intentions you make to improve yourself, your business, your lifestyle, your career or just things you really want to own that year. Against the backdrop of [COVID-19 impacted 2020](https://www.abs.gov.au/statistics/people/people-and-communities/household-impacts-covid-19-survey/latest-release), it is likely that many more people will be focussing on especially making 2021 a much better time. For some that may mean not putting off those wish list purchases any longer. For business owners it might be the time for a change of direction and new approach which involves investing in new equipment or machinery. Resolutions made, now comes the question, how are you going to finance them? Answer: contact [Jade Finance](https://jade.finance). We’ll qualify that answer by clarifying that we are not in a position to assist with your weight loss or fitness goals or find you the perfect life partner. But if your resolution is the buy a new car, finally get that motorbike you’ve always wanted, own or upgrade to a bigger boat, buy a caravan and bucket list your way around Australia or invest in trucks and new business equipment – then Jade Finance can assist with loans and finance. Jade Finance provides [cheap consumer caravan finance](https://jade.finance/caravan-loans), cars, bikes, [boats loans](https://jade.finance/boat-loans) and [finance for a wide range of business machinery and equipment](https://jade.finance/equipment-loans). Time to get started on acted on that plan and turning resolutions into reality! ## **Loan Preparation** Some of you will run off and buy first and sort finance later, while others will be more considered and adopt a more structured and organised approach to the process. That’s fine, we cater for all-comers! But doing some loan prep before you purchase can have significant advantages, primarily in saving you money. Jade Finance provides a number of loan tools and finance resources here on our website to assist you with your planning. Spend a few minutes familiarising yourself with our resources so you’ll know how to use them when the time comes. - Consumer Lender Comparison Calculator: for our private buyers of cars, boats, caravans and motor bikes, we’ve prepared a reference chart of a number of major lenders including Jade. We’ve shown the current interest rate each is achieving for consumer loans so you can easily see how cheap our Jade interest rates are. Enter the amount you want to borrow and the loan term and quickly see estimated repayments (subject to t&cs) - Business Loan Interest Rate Comparison: for [business vehicle finance](https://jade.finance/business-loans/business-car-finance) and equipment buyers, the comparison chart is different. Instead of showing different lenders, it displays the different loan types offered by Jade and the interest rate we can current achieve for each. This provides you with an easy reference guide when selecting the finance product. There is a function to enter loan amount and term to see different repayment estimates for each loan type (subject to t&cs) - Loan Calculator: this online function is a must-have for both business and consumer buyers. We have included calculators across our website and they are free to use and there is no obligation attached to the use. You simply enter the loan amount, term you would like and the estimated repayment is displayed. For business buyers there is a field to enter a balloon/residual. This is great for converting purchase prices to monthly repayments. Use it when tossing up between different priced makes and models or if you should include all those optional accessories. These functions are all online and can be accessed from a device with online connectivity. So them accessible on your phone to use while shopping. When the dealer gives you a price, quickly calculate repayments. You’ll can get an idea of whether that item is within your achievable range or not and can move on to something else or move into price negotiations. ## **Pre-Approved Loans and Finance** If you can contain your impulse to get out there and start shopping for just short while, then sorting your finance with Jade prior to making a purchase commitment can be smart move. Pre-approved loans are available through Jade for both consumer purchases and [business equipment acquisitions](https://services.anu.edu.au/financial-management/assets/acquisition-principles "Acquisition Principles"). The process is just as quick and simple as applying for a loan after you make the purchase. Your consultant will source you a quote based on an estimate of what you think you’ll be looking at spending. If you like the quote, we proceed to process your application through to approvals stage. Then you’re ready to commit to the purchase knowing you have the finance ready to go. Pre-approved loans have no obligation attached to proceeding if you change your mind on proceeding with the purchase. So nothing to lose really. ## **Get Application-ready Now!** Even if the stores or dealerships are closed for holidays or you’re awaiting a new model to hit the market, you can still start organising your finance. Especially preparing the information and financial records that will be requested in your application form. For businesses that may include BAS statements, [business income tax returns](https://www.ato.gov.au/other-languages/information-in-other-languages/business/lodging-a-tax-return-for-your-business) and other financial accounts. For consumers, you’ll need your payslips or other income proof, assets and liabilities details, income and expenditure records. Having all this at the ready when you contact Jade can greatly speed up the finance process and put you closer to achieving your NY21 resolutions faster. **Turn NY resolutions into reality by contacting Jade Finance to discuss loans and finance. Call 1300 000 008** *DISCLAIMER: THE INFORMATION AND THE DETAILS WHICH HAVE BEEN INCLUDED IN THE ARTICLE IS PROVIDED AS GENERAL INFORMATION ONLY. THERE IS NO INTENTION THAT THIS BE THE ONLY SOURCE OF FINANCIAL INFORMATIOIN FOR THE READER. IT IS INTENDED AS GENERAL IN NATURE. IF A READER CONSIDER THEY REQUIRE FINANCIAL ADVICE AROUND THEIR OWN PERSONAL FINANCES, THEY ARE DIRECTED TO CONSULT WITH A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY ERRORS OR MISREPRESENTATIONS OF DATA, FIGURES, FEATURES AND INFORMATION AS SOURCED FROM OTHER SOURCES SUCH AS MANUFACTURERS OR GOVERNMENT DEPARTMENTS AND AUTHORITIES.* **Categories:** Information --- ### [Financing for the 22/23 Financial Year](https://jade.finance/blog/financing-for-the-22-23-financial-year) **Published:** July 4, 2022 **Author:** Publisher **Content:** Things appear to be on the ‘up’ for this financial year. Businesses are recovering after the past two tumultuous years and prospects for many are looking positive. But costs, inflation, wages in some sectors and interest rates are also on the increase. Businesses continue to face challenges which may be eased through solution-based financing. Addressing specific problems with specific financing solutions and achieving cheaper lending rates can assist and support businesses through challenges and facilitate growth and productivity improvements. Solutions-based business financing at cheaper, more cost-effective interest rates can be achieved through a specialist broker-style lender, Jade Finance. We address the specific needs of our business customers and proceed to source and structure financing solutions which directly addresses the pain points and work with their cash flow and anticipated turnover moving forward. A range of targeted financing options are available to all types of businesses through our large selection of banks and non-bank lenders which we are accredited with. Targeting the financing specifically to the purpose can result in achieving more effective, positive outcomes. ## **Solution-based Financing Options** Our financing products and options cover a wide-range of purposes:- - [Business Overdrafts](https://jade.finance/business-loans/business-overdraft) to address short-term or ongoing cash flow issues. While banks are the traditional sources for overdrafts, our non-bank lenders can be extremely competitive when it comes to rates and conditions. Offering a more attractive option for many businesses. - Secured and Unsecured Business Loans for non-asset purchases. These are general financing options which can be utilised for a wide range of purposes which may include purchases to facilitate growth and development of the business. Business loans can be a more attractive option to an Overdraft for longer term cash flow shortfalls. - [Insurance Premium Funding](https://jade.finance/insurance/insurance-premium-funding) is very specific financing to assist businesses to manage large insurance premiums. Rather than facing a huge premium in one payment, financing is structured to enable the amount to be paid in several instalments. - Debtor Invoicing Finance supports businesses with customers that have long payment cycles. This is a customised solution where the business receives a percentage of the value of the invoice at the time the invoice is issued and the balance when the invoice is paid by the customer. Our lenders are extremely flexible in structuring this financing solution to best suit the business. Extremely attractive rates can be achieved which makes this a very affordable option. - Asset Acquisition Financing facilitates the purchase of a wide range of business assets including motor vehicles, trucks, plant, machinery and general business equipment. - Refinancing a range of loans offers the opportunity to reset the business, acquire a cheaper rated loan or restructure repayments to suit changed operating conditions. Interest rates, financing terms and loan structure are all individually negotiated with lenders by our consultants to ensure the loan meets the objectives as specified by the business and will assist in growing the business. ## **Asset Acquisition Financing – Choosing the Appropriate Product** When financing cars, work vehicles, trucks and equipment, businesses have the [choice of type of finance](https://jade.finance/equipment-loans.php):- - Chattel Mortgage - Commercial Hire Purchase - Leasing - Rent-to-Buy (for equipment and trucks) The features of finance products differ and this results in varying benefits being realised by the business. Selecting the option which presents the best fit with your business and your objectives, will result in the better outcome. The variations in financing products relate primarily to accounting matters so discussing the choice with your accountant is strongly advised. There are also variations in how tax is treated and where deductions can be claimed in the selection of financing products. Some tax measures are permanent where others are introduced as temporary measures for a limited time period. Realising a tax deduction represents a key benefit to business as it reduces the income subject to tax assessment and hence can reduce the amount of tax payable in that financial year. For financial year 2022/23 eligible business may consider [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) as a way of reducing tax. This measure is an accelerated asset depreciation measure which allows for the full value of new assets to be deducted in the year they were acquired. Normally a new asset would be depreciated in percentages as set by the ATO over several years. To take advantage of this measure the appropriate financing product – Chattel Mortgage, should be selected. ## **Being Offered Cheaper Financing Interest Rates** The primary objective when applying for business financing is to be offered the cheapest possible interest rate. With the [RBA](https://www.rba.gov.au/) in the process of normalising rates with increases to the cash rate, [lending rates](https://jade.finance/business-loans/best-business-loan-interest-rates.php) are set to increase in line with RBA decisions. Higher rates means more costs to the business. So reducing that cost is significant. The process starts with selecting a broker-style lender like Jade Finance that has the capabilities and the vital connections with many lenders. By having more choices in lenders we can source the cheapest rates and with our bargaining power, expertise and industry connections, we have the ability to negotiate with our lenders. While we handle all that hard work, business owners can take actions to ensure they are best-placed to be offered the best rates. That involves maintaining a good credit score. Also note that the best advertised rates on asset financing apply to new goods. Used assets can attract higher rates. There will be challenges to face in 2022/23 but with specially targeted financing solutions acquired at the cheapest interest rates, businesses may be well-equipped to proceed, progress and succeed. **Contact Jade Finance 1300 000 008 to discuss solutions-based financing for your business.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Financial Support for Those Impacted by COVID Lockdowns](https://jade.finance/blog/financial-support-for-those-impacted-by-covid-lockdowns) **Published:** June 28, 2021 **Author:** Publisher **Content:** Despite the positive messaging and economic outlooks of the recent Federal Budget, the country has been thrown into a COVID-19 crisis with outbreaks in multiple states. This situation is serious as many of the cases are the [highly contagious variant Delta and transmission appears to be much faster than previous outbreaks](https://www.health.gov.au/news/top-3-covid-19-vaccine-questions-delta-variant-vaccination-and-breastfeeding-and-more-vaccine-types "Strain of COVID-19"). From pizza restaurants to mining sites to Zumba classes have been identified as exposure sites. The spread and severity of the situation have caused several State and Territory Premiers – NSW, NT, WA and QLD to implement lockdowns in various areas of their jurisdictions. This follows closely on Victoria enduring multiple lockdowns over the past year. Lockdowns and stay at home orders have the potential to significantly impact both individuals and businesses and we fully understand that many people will be understandably worried at this time. For those that currently have loan commitments, either personal or business, and are impacted by the lockdowns, we are providing this update on support and relief which may be available for your circumstances. This is a quickly developing and changing time and further updates may be announced by authorities at any time. While this information we have collated is initial and general, you should refer to your state authorities and lender for specifics measures. ## **Banks and Lender Support** The major banks – ANZ, NAB, CBA and Westpac, were all quick to respond to the Greater Sydney lockdown with public statements, pledging support measures for their loan customers. Relief is available for many types of personal loans, home mortgages and commercial finance. Other lenders are expected to also offer similar support. The support may be by way of deferring payments to a later date or with waived fees. The type of support may vary from lender to lender and according to individual circumstances. Banks and lenders are reaching out to their customers via email and other means. If you are suffering financial hardship due to the lockdown situation and are worried about meeting your loan commitments, you should contact your bank or lender and discuss the options available to you. Failing to contact the lender and simply not making scheduled loan payments can result in negative entries on a credit profile which can have negative ramifications on future loan applications. If offered a deferred payment arrangement, ask if this means the interest charges will be paused or if interest will be charged on the extended loan term. Remember, secured personal loans such as [secured personal car loans](https://jade.finance/car-loans/personal-secured-car-loans), boats, caravans and motorbikes, do permit extra payments. So if you do defer payments now, you may be better placed to make additional payments at a future time and essentially make up any extra interest charged with interest saved through extra payments. If you have made extra payments on your loan in the past, discuss the possibility of assigning those payments to currently scheduled repayments. ## **Support from Commonwealth and State Governments** Individuals that have lost work due to lockdowns may be eligible for payments through the Commonwealth Disaster Payments Program. This is a Federal Government measure, accessible via the My Gov website with details outlined on the Services Australia website. Criteria do apply. Businesses that have experienced a downturn in turnover due to lockdown can seek financial assistance through state and territory governments. The assistance will vary from state to state and criteria will apply. The NSW Government has announced grants of up to $10,000 for small businesses, subject to the turnover downturn and other measures such as deferment of July payroll tax for some businesses. [https://www.nsw.gov.au/media-releases/major-new-covid-19-support-package-to-help-tens-of-thousands-of-businesses-across](https://www.nsw.gov.au/media-releases/major-new-covid-19-support-package-to-help-tens-of-thousands-of-businesses-across-nsw "Small business NSW government support scheme"). The support measures will need to be applied via the relevant sources. Look for the COVID-19 support banner on your state government website and follow the links. ## **Support from Jade Finance** ### Jade Finance continues to operate our contactless and online services across all loan categories throughout lockdown periods: - Existing loan holders that are facing hardship should contact the lender rather than Jade to source assistance with repayment relief. Jade Finance is not in a position to source this support it is up to the bank or non-bank lender to provide. - If you have a loan application is processed or quoted through [Jade Finance](https://jade.finance), that process will continue through the lockdown. Our team is working to source quotes and finalise all applications we are currently working on. - If the lockdown has you thinking twice about proceeding with a loan you have applied for, contact us and discuss how best to proceed. This may involve putting your application on hold or changing to a pre-approved loan which you can activate after the lockdown is lifted. - If you are keen to proceed with the purchase of a new car, boat, caravan, truck or equipment, we have accepted quote requests and new loan applications as normal. - If your loan process is approaching settlement, our consultants will arrange the settlement between our lender and your seller. There is no need for you to meet in person to complete this stage. The lockdown may cause delays in the delivery of some goods. If in the process of purchasing, contact the dealer and discuss how best to finalise the process. If your business is suffering cash flow issues due to lockdown and you need finance quickly, contact us to discuss a [https://jade.finance/business-loans/business-overdraft.php](https://jade.finance/business-loans/business-overdraft) or Business Loan option. We are staying across all aspects of this unfolding crisis and will post information of interest regarding loans and finance. **Contact Jade Finance 1300 000 008 for both personal and business lending requirements.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Finance for the New Normal](https://jade.finance/blog/finance-for-the-new-normal) **Published:** May 26, 2020 **Author:** Publisher **Content:** As we emerge from our coronavirus lockdown, the world is being told to prepare for a ‘new normal’. But no one seems brave enough to provide any specifics around exactly what this new normal is going to look like. We just seem to hear incessantly that we are in unprecedented times and things will be different or in place ‘for some time to come’. What we do know is that we will have social distancing restrictions in place for some time and for many businesses that means restricting capacity in their premises to 4 square metres per person. That may be per customer or per employee. Some employees will be working from home and many customers will be buying online rather than in-person. Transactions will be contactless. Premises have to be cleaned more regularly and very specifically. Every business needs a [COVID-safe plan](https://covid19.swa.gov.au/covid-19-information-workplaces). In general, business has big changes to contend with as it come out of hibernation. Changes that in many cases will mean investment or expenditure, at a time when the economy is struggling. While governments talk innovation and infrastructure to boost growth in the post-pandemic phase, the average business operator is thinking cheap business finance. Loans to fund all the changes they need to make to operate safely in the new normal. Jade Finance is your one-stop shop for all your business financing requirements. For asset acquisitions, vehicles, equipment, marine vessels and equipment and general business finance requirements. ## Workplace Re configurations The social distancing rules of 1.5m and the 4sqm capacity will require many workplaces to reconfigure their floor plans. If this means you’ll need a new office fit-out, speak with Jade Finance about your requirements. Business Vehicles With capacity restrictions being implemented on public transport, many people will need to drive to work in order to get there on time. This may mean you need to invest in a suitable car or motor bike to make the commute. Our Jade Car Loans people will work with you on that finance no problem. ### Equipment to Innovate The Government is pushing innovation as a driver for economic growth and the pressure is on businesses to come up with new innovations. This may be new equipment to produce new lines of merchandise; earthmoving equipment to diversify into the growing infrastructure sector; manufacturing equipment to produce a new range of goods; or any other equipment which will support your business. With the large number of banks and lenders that we are accredited with, we have access to the [best equipment finance](https://jade.finance/equipment-loans) to ensure you achieve your projected ROI. ### IT, Security and Communications Systems With some staff working from home and more customers buying online, businesses need to quickly upgrade and strengthen their IT networks to mitigate risks. Jade Finance provides finance for not only the hardware component but also the software required for an upgrade. When speaking with your Jade consultant, remember to consider including the additional expenses associated with any network installations in the loan. This may be installation, commissioning or training. ### Trucks and Transport Unsurprisingly, online shopping and delivery services spiked during the lockdown phases and some analysts are predicting this trend to continue. Increasing the work for delivery truck owners and presenting opportunities for business to set-up their own delivery services. Our [Truck Loan](https://jade.finance/truck-loans) consultants are specialists in this area of finance and will work with you to structure your loan to suit your business and the truck. #### Health and Medical Facilities With Health Ministers calling for people to continue to come forward for testing for coronavirus for some time to come, the medical sector is uppermost in most people’s minds. Unfortunately waiting rooms and treatment areas are not all configured to suit the new restrictions and may need refitting. Your practice may also be considering investing in new equipment to expand your capacity to provide care and treatment in a wider range of areas. We can offer a number of commercial finance products to fund your assets in a structure to suit sole practitioners, partnerships, medical centres, hospitals and treatment facilities. #### Recreation and Sport Equipment The spike in the purchase of home gym equipment was clear evidence of Australia’s love of sport and exercise. As we emerge from lockdown, equipped with our own covid-kilos, there is sure to be a stampede back to the gym and fitness centres. But centres may need to reconfigure to comply with the new restrictions. This may involve expanding your space and investing in more machines. If so, call your [Jade Finance](https://jade.finance/) consultant and discuss your requirements. ##### Finance Options These are just a few of the businesses and industries that we have identified as possibly requiring finance to adapt to the new normal. Your Jade Finance consultant can assist with the full range of commercial finance products to suit sole traders, partnerships, SMEs and corporations. Contact Jade Finance 1300 000 008 and discuss your requirements to adapt to the new normal with one of our highly trained consultants. **Categories:** Information --- ### [Finance for Employee Vehicles](https://jade.finance/blog/finance-for-employee-vehicles) **Published:** November 17, 2021 **Author:** Publisher **Content:** As a result of nearly two years of the COVID-19 pandemic, Australia is experiencing a labour shortage in many industries. In sectors which were shut down completely during the lockdowns, many former employees have looked to other industries for work and left the sector. Other sectors reliant on international students and specialist global talent have been affected by the border closures. According to reports, employers are pulling out all stops in some cases to attract staff to fill job vacancies. Enticements include bonuses and other perks. One option that employers may be considering is a car for the employee. An employee or company car has long been a popular job perk in many roles and can be used by employers as a bonus for performance or to retain quality and valued team members. When considering this initiative, there are two main ways in which the car in question can be financed and the package presented to the employee:- - Offer a fully-funded company car to the employee. The vehicle would be fully-owned by the business and all expenses covered by the business. The employee would have use of the vehicle as specified by the business, but no title or ownership claim to the vehicle. When leaving the employ of the business, the vehicle remains the property of the business and they would relinquish any claim to its use. - A vehicle purchased by the company but with the employee contributing to the costs by sacrificing salary and as such working towards ownership. We offer finance for both these types of business vehicle acquisition. Jade Finance explains the options for finance for employee vehicles for your consideration. ## **Company Cars** When purchasing cars for employees to use as part of the company’s fleet of vehicles, the business can select the type of finance that best suits their financial objectives. With this type of acquisition the vehicle is the property of the business and the business usually covers all costs. The employee benefits by having use of a company car without the cost. But there is no claim to ownership in part or whole by the employee. This is popular for sales representatives and executives and many employees appreciate having the use of a vehicle without the expense. Taxation issues such as FBT and other implications would need to be discussed with the business accountant. The choice of business vehicle finance includes:- - [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) - Vehicle Leasing - Commercial Hire Purchase While an attractive proposition for some employees, with this option the employee gains only from not having to pay out expenses for the purchase and running costs of their own car. ## **Novated Car Lease with Salary Sacrificing** An option to a fully-funded company car is a car purchased through the business but with the employee contributing to the costs and with the intention of eventually owning the vehicle. This is achieved through a finance product called [Novated Car Lease with Salary Sacrificing](https://jade.finance/car-loans/novated-car-leasing-salary-sacrificing). This type of car leasing involves a financial arrangement between three rather than two parties: the lender, the employer and their employee. ‘Novated’ refers to an obligation being replaced, that is the obligation for the finance agreement between the employee as the buyer and the lender is replace by an obligation between the employer and the lender. Despite the somewhat technical description, this type of finance is straightforward and quite widely utilised. By engaging Jade Finance to source your finance, you have the assurance that the process will be streamlined and the cheapest deal secured. We outline the basic features and how it works:- - Either the employer or the employee may initiate the idea but both parties must agree. - The employee opts to sacrifice a portion of their salary to go towards the purchase and running costs of a vehicle which will be purchased in the business name. - The employee can select the vehicle they want. - The business (employer) takes out the lease for the vehicle purchase. - The employer pays the monthly leasing payments and the running costs. - The portion of the employee’s salary that is ‘sacrificed’ is deducted from their pre-tax income. - The employer benefits by having the tax deductions of the leasing payments and other vehicle expenses as well as any benefit derived from providing such an initiative to the employee. - The employee benefits by having their pre-tax salary reduced which may result in less tax being paid and they are progressing to owning a car. - At the end of the leasing term, when all monthly payments and any residual applicable are finalised, the vehicle ownership is handed over to the employee. From that point, the running costs etc become the responsibility of the employee as the Novated Lease is finalised. - If the employee leaves the business prior to the conclusion of the leasing term, the employee and employer would need to come to an arrangement in regard to the vehicle and the financial obligation. ## **Business Suitability** Novated Car Leasing with Salary Sacrificing can suit all sizes and types of business operations. Jade Finance provides this type of finance for SMEs, large corporations, family enterprises and other business structures. Businesses are advised to consult with their accountant on any tax obligations and other implications for their operation and the suitability of leasing for their business. If you’re looking for a more long-term way to attract, retain or reward valued staff members, speak with Jade Finance about how a Novated Car Lease with Salary Sacrificing may work for you. **Contact Jade Finance 1300 000 008 to discuss a Novated Car Lease.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Feeling the pinch? Relief for business pinch and pain points](https://jade.finance/blog/feeling-the-pinch-relief-for-business-pinch-and-pain-points) **Published:** April 26, 2021 **Author:** Publisher **Content:** When an individual has an ache or pain, they typically seek medical treatment. When planning marketing strategies, a business often starts by addressing the pain points of its customers. Identifying their problems and presenting specific goods and services to solve those issues. But in focussing on other people’s pains, do you spend enough time addressing the pinch points in your own business? Are you feeling the pinch? Specifically, from our perspective as a lender, we’re talking about the financial pain points that are causing your company ongoing, intermittent or recurring grief. As with other aches and pains, there is treatment available for business pains or basic money worries. As with personal aches and pains, there are specific treatments for different types of business ailments through a range of financial products. Prescribing or selecting the right loan solution can be pivotal in quickly, efficiently and cheaply resolving the pain so the business can trade productively and profitably. ## **Vehicles, machinery and equipment letting you down?** No longer fit for purpose? Need new or additional assets to suit the changes to your business? Ageing machinery constantly breaking down and causing delays in delivery to customers? Can’t expand into new markets because you don’t have the right equipment? Need a new truck to compete for better-priced contracts? These types of pains are readily addressed with cheap finance to update and upgrade assets. Whether it is business vehicles, trucks, machinery or equipment, there is a range of loan types to finance asset acquisitions. - [Car Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) which is also called Heavy Vehicle Loan, Equipment Loan or Vehicle Loan by some banks and finance companies. - [Car Leasing](https://jade.finance/car-loans/car-leasing) or Finance Lease as it is also known. - Rental or Rent to Own or Operating Lease for equipment and machinery. - Commercial Hire Purchase or simply Hire Purchase. In order to avoid ongoing pain, the most appropriate type of finance needs to be selected. The features of these finance facilities vary and the selection process involves matching your business needs and objectives in conjunction with assessing the asset being purchased with the most appropriate form of finance. Key considerations include the accounting method used by the business; preference or not to have the asset entered on the balance sheet which refers to whether the lender or borrower actually retains ownership of the asset over the loan term; the preferred method for realising tax deductions and treating GST; and other issues. While your [Jade Finance](https://jade.finance) consultant will source and broker you the best finance deal, we recommend businesses refer to their accountant for the decision on loan product. ## **Feeling the pinch at the end of each month?** When bills are due at the end of the month and there’s not sufficient cash at the bank to meet the obligations it can be a major concern. Cash flow issues are probably one of the most common business finance issues, especially for small and medium businesses. Money worries are also a major cause of anxiety for business owners. If not addressed, this type of worry and anxiety can present the risk of developing into more serious mental health issues. For SME owners especially, finance issues can also be very personal. Identifying and diagnosing the real pain point is the first step in assessing which particular finance facility offers the most effective solution. Clearly, there can be multiple reasons but one of the most common is slow-paying customers. ### The finance solutions for cash flow issues include: - [Business Overdraft](https://jade.finance/business-loans/business-overdraft): this is a general all-purpose finance facility that we can establish through both bank and non-bank lenders on a short term or ongoing basis. - Invoice Debtor Funding: this is a targeted measure where we arrange a finance deal with one of our non-bank lenders to fund your customer invoices. You receive an agreed percentage of the invoice at the time of issuing the bill and the balance through the lender when the customer pays the lender in full. The fees involved are cost-effective and we negotiated the cheapest interest rates available. - Secured and [Unsecured Business Loans](https://jade.finance/business-loans/unsecured-business-loans) can suit a wide range of non-asset acquiring purposes. If there is a specific expansion project which is required to increase turnover possibly. With our superior lending expertise, our consultant’s source and structure finance to suit both the purpose and the business objectives. ## **Current loans squeezing the life out of your business?** Paying too much on current loans? Competitors always out-bidding you on tenders as your finance costs are too high? Refinancing existing finance commitments at better-priced loans at current cheaper interest rates could ease the squeeze. [View our business loan interest rates to compare banks and lenders](https://jade.finance/business-loans/best-business-loan-interest-rates). Interest rates are currently at historic low levels, making business finance more affordable than it has ever been. Speak with one of our consultants about the refinancing options available for you. Alternatively, feel free to use our [chattel mortgage repayment calculator](https://jade.finance/business-loans/chattel-mortgage-calculator). ## **Don’t have time to address your finance options?** Time is the biggest pain for many business owners. Finding sufficient time to contact a number of banks and non-bank lending options to source the cheapest finance quote is one of the most common issues we hear from our customers. It’s also the easiest to solve – simply engage Jade Finance to handle that for you. Easing the financial pains of business is our business and the individual needs of our customers are our top priority. **To discuss finance options to address your business pain points, contact 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Finance for Buying at Truck, Car, Machinery Auctions](https://jade.finance/blog/finance-for-buying-at-truck-car-machinery-auctions) **Published:** January 22, 2024 **Author:** Publisher **Content:** With many business owners and individuals looking at ways to save, purchasing quality second-hand goods rather than new can be a smart decision. Used goods can be found through dealers and also at truck, car and machinery auctions. There are organisations such as rental car companies, fleet operators and government bodies that have guidelines which require them to change over stock at certain times. Even when the vehicles or equipment are still in very good working order. These events are conducted both online and at the premises of auction houses such as Pickles, [Grays](https://www.grays.com/ "Explore Grays auction house") and others. The online service and ability to bid online for live events, provides access and ample opportunity for many buyers to participate and potentially secure high quality items at affordable prices. Both commercial entities and private individuals can participate in these events. For buyers planning to purchase this way and requiring funding, there are a number of aspects of the process to consider. Action is advisable prior to the date. Competition for the best lots can be intense and bidders typically like to know how much credit they would be approved so they can set their own limit. Some form of payment may be required ‘on the fall of the hammer’ and this may need to worked out. Confirmation of approved funding prior to the start, can provide bidders with the confidence and reassurance to proceed. **Buyers requiring finance to purchase at truck, car and machinery auctions can apply for loans through Jade Finance prior to the sale commencing**. Credit can be approved based on the estimated amount that bidders expect or are prepared to pay for the goods they have they’re eye on. ## Financing Products for Vehicle and Machinery Auctions Purchases Prior to the date, buyers can speak with us to get their funding application underway. The credit products suitable for purchases made via a bidding process are the same as for purchases through a dealer or private seller. Goods purchased via this process will primarily be used and the applicable interest rate and lender assessment guidelines used to prepare offers. Sometimes new goods do come up for auction. For both private and commercial buyers of used goods, a key issue in the choice of credit product will be the condition of the goods. Lenders include a review of the condition of assets when assessing them as acceptable credit security. Where the vehicles are acceptable collateral, private car buyers can consider a Secured Car Loan. If the lender considers the vehicle not acceptable security, an [Unsecured Personal Loan](https://jade.finance/personal-loans/unsecured-personal-loans "Your Path to Financial Freedom") may be a workable option. While the interest rates are above those for secured products, with our vast lending panel, we can source highly competitive rates for unsecured credit. Commercial buyers, those with an ABN purchasing assets to be used in their business, the [equipment finance options](https://jade.finance/equipment-loans/plant-and-machinery-finance "Unlock Your Equipment Financing Potential") include Chattel Mortgage, Leasing, Rent-to-Own and Commercial Hire Purchase. Used assets can be funded with these secured products but subject to lender guidelines, additional security may be required. Where non-working equipment is being purchased to restore or to salvage parts, an Unsecured Business Loan may be an affordable solution. ## Preparation to Bid Confidently at Auction Preparation can greatly enhance the experience and may improve the prospects of being the successful bidder. Sale houses will post details of lots in upcoming auctions online and will often set inspection times for bidders to view the lots on site. Buyers can review the listings to decide what to bid on and note the specifics to advise our brokers for funding quotes. While reviewing the catalogue, using our finance calculators to generate rough credit estimates can be helpful. When setting personal limits and the credit amount, be aware of any extra charges that be involved in buying through that particular company. This is known as a buyer’s premium and is a percentage of the winning bid that is charged to the successful bidder to cover their costs. Registration to bid will be required. This can be done online and any other terms and conditions of participation noted. Especially note how much deposit is needed to confirm the sale. Settlement of the balance can be arranged by your broker and our lender with the house. ## Apply for a Loan to Purchase at Auctions Applications for auction purchase funding can be submitted and approved in advance of the date. Pre-approved funding has a validity period after which it expires without obligation. If a last minute decision has been made to participate, we can get fast approvals – in 24 hours. We can process applications and arrange approvals based on your bidding limit or estimate. On the fall of the hammer, successful bidders can advise our broker of the exact amount they require for the funding. We will work with our lender to make any necessary adjustments to the pre-approved offer at that point. An auction can be a great way to acquire quality second-hand goods that may represent a significant saving on the cost of their new equivalent. To ensure a smooth auction experience and be well-prepared, speak with us in the lead-up to arrange your credit. **To be prepared to buy at truck, car and machinery auctions, contact Jade Finance on 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Federal Budget: Key Take-outs](https://jade.finance/blog/federal-budget-key-take-outs) **Published:** October 15, 2020 **Author:** Publisher **Content:** After a procession of doorstops, major speeches, high-vis visits and ‘pressers’ (media jargon for press conferences) with pre-budget announcements, the Federal Treasurer, Josh Frydenberg brought down the much-anticipated [2021/21 Federal Budget](https://archive.budget.gov.au/index.htm) on the evening of Tuesday 6 October. Traditionally, business and individuals await the ‘what’s in it for me’ budget news in May each year. But as it has affected so many aspects of life this year, coronavirus caused the deferment of the Budget to October. The budget included good news for both businesses and individuals and we’ll cover off on just a few highlights at this stage. As more specific details are rolled out, we’ll dive deeper and provide more explainers on the implications for you and your loans or business finance. We’re focussing primarily on the areas that are relevant to our [Jade Finance](https://jade.finance) services. For the complete budget statement, you can access all the official Budget Papers at [www.budget.gov.au](https://budget.gov.au/) Before launching into the measures, a quick mention of the timing in terms of rolling out the budget measures. The process is that the Treasurer ‘brings down’ the Budget in the House of Representatives, which is the official terminology for announcing or releasing the budget. The budget is a bill which needs to pass both the House of Representatives and the Senate in order for it to be brought into law and the measures implemented. Historically, there are many examples of Governments having issues getting their budget bill through the Senate when they have not held the balance of power. Fortunately, the opposition agreed with the urgency of the measures in the 2020/21 Budget, in regard to tax cuts and business investment, and the bill was fast-tracked through the Senate. It was passed on Friday 9 October, just 3 days after first being announced. Subject to certain legislative processes and the ATO updating their systems and documentation, key initiatives are now in effect. ## **Budget Bonuses for Individuals** For tax payers, the big win is in the bringing forward of Stage 2 of the Government’s tax plan which was announced and started in the 2018/19 tax year. In short, tax cuts for many workers. Stage 2 was due to come into effect in 2022 but it has been brought forward to 1 July 2020. Yes, July was 3 months before the Treasurer made the announcement, how does that work? We explain. Changes to several tax brackets are the key components:- - Threshold for the 19% tax bracket increases to $45,000 from $37,000. - Threshold for the 32.5% tax bracket increases to $120,000 from $90,000. A refund of tax already paid for eligible tax payers will be reconciled in the 2020/21 income tax return. So if you are eligible for lower taxes, you’ll start receiving more in your pay packet by November. The delay is to allow the ATO to prepare the new tax schedules and software companies to update their payroll systems. But you’ll have to wait until after July 2021 to get your refund on already paid tax. For low and middle income earners, the low and middle income offset continues into this tax year. This can represent up to $1080 for some tax payers. We have already written an article on another budget initiative relevant to Jade Finance – changes to the consumer credit laws. These changes are designed to ease the flow of credit to individuals and small businesses and will come into effect in April 2021 if passed by parliament. Refer to our article for more information. ## **Budget Bonuses for Business** The Government has emphasised that the 2020/21 Budget has a business-driven and jobs creation approach. Underpinning the framework are major benefits to businesses, especially in the area of investment allowances. An area which is of course our specific sphere of interest. We will analyse the measures in further detail in future articles, but the benefits we have identified for our business customers include:- - Extension of the [Instant Asset Write-Off scheme](https://jade.finance/blog/instant-asset-write-off-explainer) for SMEs (turnover up to $500m) extended to 30 June 2021 for eligible assets up to $150,000. - Temporary full-expensing for second-hand assets for SMEs. - Temporary investment incentive for businesses with turnover to a maximum of $5 billion which includes fully deducting assets acquired between 6 October 2020 and the scheme deadline of 30 June 2022. As the bill passed Parliament on 9 October, these measures are now ‘law’ and may be the reason you’ve been waiting for to acquire new assets. We’ll delve into more detail in future articles but if you would like to source a finance quote on the purchase of cars, trucks or equipment or just have an initial discussion about your options, our consultants are available to assist you. These major business investment allowances are related to realise tax benefits through accelerating the depreciation of the assets. Deducting the full amount in the current tax year instead of having to depreciate a percentage per year over several years. In order to realise this benefit, the asset must be purchased either outright with cash or with the appropriate finance product. That is, a finance facility where the asset is entered in your business balance sheet such as Chattel Mortgage. Rent to Own and leasing are off balance sheet products but do present their own tax deductible elements. We recommend a conversation with your accountant around which finance product is suited to your business for your asset acquisition. **If the budget has raised questions or your interest in proceeding with an investment or purchase and you require finance, please contact us and discuss your loan requirements with a Jade Finance consultant. Call 1300 000 008** *DISCLAIMER: THE DETAILS, INFORMATION, DATA AND MATERIAL PRESENTED IN THIS ARTICLE HAS BEEN SOURCED, IN FOOD FAITH, FROM REPUTABLE SOURCES IN THE PUBLIC DOMAIN. INFORMATION IN RESPECT OF GOVERNMENT ANNOUNCMENTS, POLICIES, PROGRAMS, MANUFACTURER’S GOODS AND SERVICES AND OTHER SUBJECT MATTER IS OFFERED FOR GENERAL INFORMATIVE PURPOSES ONLY AND NOT IN ANY WAY INTENDED AS A SOLE SOURCE FOR THE PURPOSE OF MAKING FINANCIAL DECISIONS. NO LIABILITY IS ACCEPTABLE FOR ANY ERRORS OR MIS-INTERPRETATION OF FACTS AND MATERIAL. IF A PERSON CONSIDERS THEY REQUIRE FINANCIAL ADVICE IN REGARD TO THEIR SPECIFIC AND INDIVIDUAL CIRCUMSTANCES, THEY SHOULD SEEK INDEPENDENT ADVICE FROM A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Fast Finance Approvals - Victorian Caravan Super Show Buyers](https://jade.finance/blog/fast-finance-approvals-victorian-caravan-super-show-buyers) **Published:** January 10, 2024 **Author:** Publisher **Content:** **Buyers planning to order new RVs at the February’s Victorian Caravan Super Show, Newcastle or Adelaide shows can get fast finance approval through Jade Finance**. These three events kick-off the RV expo calendar for 2024 and the first opportunities of the year for buyers to get up close with the latest models. But as most enthusiasts will know, the caravanning lifestyle is attracting many new buyers to the market. Demand for new vans is strong and buyers may need to well-organised to secure the model of their choice for prompt delivery. Being organised covers not only research on what models are available to suit the travel and holiday plans but also arranging the loan to make a purchase possible. When attending an expo, it can be extremely advantageous to have that loan already locked-in, approved and confirmed before attending. Jade Finance can assist with not only pre-approved RV credit but with fast approvals on credit at the best rates. ## Event Details – February Caravan Shows Victorians get an early-year look at the latest models from leading RV manufacturers with the [Melbourne show](https://www.caravanshow.com.au/shows/the-victorian-supershow/ "Melbourne caravan show") kicking off on Wednesday 21 February and running through to Sunday 25 February. This very popular show is back at Melbourne Showgrounds for 2024 and will include a number of new attractions – Off Grid Campground, RV Master Stage the Adventure Zone and of course, the very popular Kids Zone. Opening times are 9.30am opening each day and closing 5pm on Wednesday, Thursday and Sunday and 6pm Friday and Saturday. Tickets are now available to purchase and must be secured online with no gate sales. Adult tickets at $29.95 and children aged 14 years and under accompanied by a paying adult get free entry. The exhibitor list is not posted at time of preparing this article, so stay across the event website for details as they become available to plan which exhibitors you definitely want to see. While Victorians need to wait until later in February for their first show of the year, NSW buyers get an earlier opportunity with the Newcastle [Caravan Show](https://www.caravanexpo.com/ "Caravan Expo in Newcastle") happening very soon – 2-4 February. Tickets must be purchased online and are available right now at the event website. Visitors can enjoy free parking at the venue – the Entertainment Centre and in the local area. South Australian caravanning enthusiasts also have an early year chance to see what manufacturers have in store with the SA Caravan Show being held 10am through to 5pm, 14-18 February at Adelaide Showgrounds. Cashless ticket sales are available at the gate or pre-purchase online. Parking will be limited so consider the public transport options. Secure your tickets and when exhibitor listings and site maps are posted, buyers can get into the real details of planning their visit. Note the brands that you are interested in and refer to the company website to glean more details on the features of the models being displayed. If possible, get an estimated price guide if planning to get a loan approved before the show date. Tip: some manufacturers may offer the option of making specific times for keen buyers to inspect their range. ## Calculate Loan Estimates Before and at the Show A big part of buying a new RV will be the cost – the price of the vehicle and how much the loan repayments will be each month. To assist buyers with the latter using the former, we provide a DIY [payment calculator for caravans](https://jade.finance/caravan-loans/caravan-loan-calculator "repayment calculator for caravan financing"). This is a great resource for comparing different prices in terms of monthly repayments and can be used either before inspecting a vehicle or while browsing at the event. It can be used from devices with online connectivity, so have the web location bookmarked in your phone for quick access and quick estimate calculations. ## Pre-Approved Finance for Victorian Caravan Super Show Buyers To be completely organised to order your vehicle of choice at the Melbourne, Newcastle or Adelaide shows, consider securing your funding in advance. Yes, loans for all types of new RVs can be applied for and approved before a final decision on the purchase has been made. We source the lowest rates and best offers to suit individual customers based on their estimated budget. Approval is obtained for that amount, with the exact details included after the purchase is confirmed. The same interest rates apply for pre and post purchase approval, the same [Secured Caravan Loan](https://jade.finance/caravan-loans "Secured Caravan Financing") product is suited and there is no obligation to proceed with the offer if the ideal van is not found. Discuss this option with one of our brokers or simply request a quote as a guide to what we may secure for you. Pre-approval can provide confidence to order on the day and to take advantage of those expo specials which are often available. ## Don’t Miss Limited Offers – Get Fast Finance Approvals Our 24 hour approvals service provides buyers with the opportunity to quickly secure their loan and not miss out on any limited edition vans or low stock models. The February expos are not far away, so start planning your visits and include contacting Jade Finance on your ‘to do’ list! **Victorian Caravan Super Show buyers can contact Jade Finance on 1300 000 008 before, during or after the show for fast approval on RV loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Extension to IAWO](https://jade.finance/blog/extension-to-iawo) **Published:** June 17, 2020 **Author:** Publisher **Content:** The coronavirus crisis has cast uncertainty over the investment plans of many businesses through the first half of 2020. But thanks to a joint announcement by the Federal Treasurer, [Josh Frydenberg](https://www.aph.gov.au/Senators_and_Members/Parliamentarian?MPID=FKL) and Minister for Employment, [Senator Michaelia Cash](https://www.aph.gov.au/Senators_and_Members/Parliamentarian?MPID=I0M) on 9 June, many are now moving those plans from the back burner to the hot plate. The announcement signalled an [extension to the Instant Asset Write Off](https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/extending-instant-asset-write) (IAWO) measure which was part of the business stimulus package announced by the Prime Minister in March. The measure increased the threshold to write-off assets for eligible businesses from the $30,000 to $150,000 up to 30 June 2020. This new announcement extends the deadline to 31 December 2020. So if you had paused your plans to invest in new equipment, business vehicles, trucks or vessels for your business, now could be the time to hit ‘play’ and take advantage of the IAWO. It is estimated that up to 3.5 million businesses may be eligible. When the stimulus package was first announce, we posted a number of articles covering the detail but will recap the key points to refresh your knowledge bank and give you the chance to consider if it suits your business. ## **IAWO Timeline** Pre-COVID-19, the tax regulations allowed businesses to write-off newly purchased assets to a threshold of $30,000. In response to the economic effects of the coronavirus, the Government implemented a business stimulus package [which included an expansion of the IAWO](https://jade.finance/blog/instant-asset-write-off-explainer). This increased the IAWO threshold to $150,000 for businesses with an annual turnover under $500m for new (including used) assets acquired and in operation by 30 June 2020. As the pandemic played out with people ordered to stay home and businesses forced to close, many companies were not in a position to take advantage of the IAWO by acquiring assets by 30 June 2020. Many businesses were reluctant to make significant asset investments with such uncertainty surrounding the economic situation and how long the lockdown and restrictions would be in place. As the curve was suppressed well beyond expectations, restrictions were gradually lifted through late May and into June, but many question marks were still left over many sectors. Many businesses had missed the opportunity to benefit from the IAWO measure. By mid-June many sectors of the economy had reopened but without the time required to source, purchase and install the required assets by 30 June. ## **Deadline Extension** To allow and incentivise more businesses to implement their investment plans, the Government announced an extension of the IAWO from 30 June to 31 December 2020. Thus giving businesses 6 months to purchase the eligible assets. In the joint statement Josh Frydenberg and Michaelia Cash said that the extension would allow more business to improve cash flow by bringing forward tax deductions while supported the economy in the emergence from hibernation and into recovery. ## **Taking Advantage of IAWO** So what does IAWO mean for your business? Essentially, you have until 31 December to purchase those business vehicles, trucks or equipment that have been considering to give your business a boost or to allow you to take advantage of new business opportunities. The timing of the announcement is also convenient in regard to EOFY sales, discounts and other offers which many car and truck dealers and equipment suppliers will be offering. The $150,000 threshold applies to individual assets so you could consider purchasing numerous items. Discussing the issue and the benefit to your business should be discussed with your accountant. To check the details of eligibility, [check out the original fact sheet which was posted to the Treasury website in March](https://treasury.gov.au/sites/default/files/2020-04/Fact_Sheet-Delivering_support_for_business_investment.pdf). The deadline date has obviously changed but the case studies might assist you better understand how it all works. ## **Finance for Your Asset Investment** To finance the purchase of your assets, [Jade Finance](https://jade.finance/) provides the complete range of business finance products. However, not all products are suited to IAWO – once again, discuss this with your accountant. We’ve provided details of each products on our web pages. Once you’ve established what type of loan product you require, your Jade Finance consultant can get working on sourcing you a quote. If you need to move fast in order to capitalise on EOFY offers, simply request a fast approval or pre-approved finance. **To discuss the options for your business requirements contact us on 1300 000 008 to speak with a Jade Car Loans consultant.** *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [FAQs: Replace flood damaged goods under finance](https://jade.finance/blog/faqs-replace-flood-damaged-goods-under-finance) **Published:** March 14, 2022 **Author:** Publisher **Content:** The devastating floods across Queensland and parts of NSW have resulted in thousands of people losing many goods and businesses losing machinery and equipment. Many of these items will have loans and finance currently in place. In an earlier post we covered the assistance which has been offered by the banks and other sources to assist those in need. For those that are looking to replace flood damaged goods under finance this FAQ-style guide should provide answers to many queries on how to proceed. This is a general question-answer format guide which applies to the finance categories that we provide loans for. Specifically, we’re talking replacing cars, motor vehicles, work vehicles, motorcycles, caravans, trucks, machinery and a wide range of business equipment. We handle all loan applications on an individual basis so there can be exceptions and variations. If you have questions about your particular circumstances in regard to sourcing finance to replace your goods, please reach out to our [Jade Finance consultants](https://jade.finance/approval). ## **Finding lost goods.** Many boats were washed off their moorings and will be somewhere. The same for cars and even caravans which were washed away. Contact the local rescue and recovery services and local social media pages to see if your goods have been found. For Queenslander boat owners, [Marine Safety Queensland](https://www.msq.qld.gov.au/) has a reunite service. Email the details of your boat ## **Who should I contact when my lost goods were under finance?** If the lost or damaged goods are under finance, which means you have a loan or finance which is still current, you need to contact the insurer and the lender. The insurer will handle the insurance claim but the lender should be advised of what is happening. They may pause the repayments depending on individual circumstances. If not, you are still obligated to make the loan payments. ## **My loan documents were also lost in floods.** Many houses were completely flooded and paperwork such as loan contracts and insurance policies will have been lost. Contact the insurer and lender and they can advise how to proceed as they will have your details. ## **What do I do with the loan repayments?** If goods under finance are destroyed, lost or damaged beyond repair, the loan holder is still required to meet the loan repayments schedule, unless other arrangements are put in place. The insurer will process the claim and that will include paying out the monies owed to the lender. The insurance policy should be for an amount which will cover the finance payout. The lender will have recorded on the [PPSR](https://www.ppsr.gov.au/) the security over the loan. But due to the large number of claims, this may take some time. You need to continue to meet the loan repayments until the claim is sorted. If your income has been affected by the floods and you are unable to make the repayments, contact the lender to discuss your individual situation. ## **Can the goods be replaced before insurance claim is finalised?** Yes. If you are in a position to do so, you can proceed with the purchase of a new car, boat, bike, caravan, truck or equipment while the insurer finalises and pays out your claim on the damaged goods. Contact Jade Finance to commence a new loan application. If you plan to utilise what monies you may recoup from insurance, over and above what is used to pay out the existing loan, on the new goods, you may do this with some loans after. With our [Secured Loan](https://jade.finance/car-loans/personal-secured-car-loans)s for personal goods, additional payments can be made on the loan. ## **Can I lodge a new loan application before the claim on insurance is finalised?** Yes. Our Jade Finance consultants will handle both personal loan and business finance applications. By advising the lender of your current loan that the goods now have an insurance claim lodged, we can also advise our lender of that situation when sourcing you a quote for the finance to purchase the replacement goods. ## **I need replacement vehicles and equipment asap for my business. How fast can finance be arranged?** Jade Finance responds promptly to requests for finance quotes and with our industry-level access to a large number of lenders we are ideally positioned to act quickly for quick quote and fast approvals to streamline and speed-up the process. ## **Will my credit profile be affected by having to claim insurance for goods under finance?** The credit rating should not be impacted by insurance claims for goods lost in floods. But it is important that the lender be advised of the situation and if required, assistance with pausing repayments be requested. Lodging an insurance claim does not remove the loan commitment. If loan repayments are not made and the lender has not been advised of the circumstances, then they may report negatively to reporting agencies which may affect the credit rating. ## **Will the interest rate on my loan for the replacement goods be the same as for the finance on the lost goods?** Jade Finance provides finance at the [current interest rates](https://jade.finance/personal-loans/interest-rate-calculator). Our lenders conduct risk assessments on individual applications when preparing the interest rate they will offer on the loan. The RBA has reduced the cash rate to historic lows. If your current loan was taken out prior to 2020 then the current interest rate may be lower than your existing loan. For our current interest rates on the goods and loans you are considering, refer to our[ Interest Rate Comparison Guides](https://jade.finance/car-loans/car-finance-calculator). ## **I’m dealing with a lot of issues due to the flood situation. How can you save me the time to source the finance I require?** Jade Finance consultants handle the complete finance process on behalf of our customers. Simply give us a call, brief one of our consultants, provide the required information and the consultant will proceed to source the cheapest loan quote from across our vast lender panel. We save you a lot of time and a lot hassle so you can focus on many of the other issues you are currently facing. Hopefully this general overview will answers many of the questions or concerns that you have around how to replace flood damaged goods under finance. To get started with your loan application, please contact us at Jade Finance. **Contact Jade Finance 1300 000 008 for finance to replace flood damaged goods.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Evaluating Benefits of Loan Comparison Sites v Finance Broker Services](https://jade.finance/blog/evaluating-benefits-of-loan-comparison-sites-v-finance-broker-services) **Published:** March 29, 2022 **Author:** Publisher **Content:** Yes we all love the internet and the convenience and access to an increasing range of online services to make our lives seemingly easier. Jade Finance has been an online lender for many years as we were well aware of the advantages of providing online access to our lending services early on. But there can be downsides when buyers rely and depend too heavily and place too much confidence in information and answers sourced purely from online resources in regards to loans. When it comes to sourcing loans for cars, boats and other consumer goods that is particularly highlighted. Loan comparison sites are widely available and play an important role in assisting consumers. In fact we provide our own version of a loan comparison resource. Many dealers of goods such as cars and boats also offer a ‘from $ per month’ in their ads and promos. With the rising costs of living putting pressures on businesses and households, it is more important than ever for buyers to source the cheapest loans when buying cars, [boats](https://jade.finance/boat-loans), [caravans](https://jade.finance/caravan-loans) and other goods with finance. But the downside can be when they source loan information in regard to how much a loan will cost from a generic online source without the follow-up to the lender. They proceed to make a purchase commitment and perhaps pay a non-refundable deposit, only to discover when a loan application is submitted, the loan offer made varies considerably from what was expected. There are alternative processes which can be taken to overcome these issues. In particular, reaching out to professional services. Online resources certainly have their place in finance and lending but need to considered and used in the right context. In addition to general information on the lending market, we provide an evaluation of the benefits of loan comparison sites and engaging the services of a finance broker in seeking the cheapest loan for a car. We’re focusing on the motor vehicle market in this piece as it is one of the largest lending sectors. ## **Lending Market: Overview** The lending market for motor vehicle finance is vast with numerous sources of car loans available for both private and business buyers. These sources include the major and other banks, a selection of car makers and their dealers, finance companies, non-bank lenders and of course finance brokers that specialise in car loans. The types of loans offered by different lenders will vary in regard to a number of loan elements including:- - Secured or unsecured loan format - Minimum and maximum loan amounts - The minimum and maximum loan term - Fees and charges - Fixed or variable interest rate - Interest rate When seeking the cheapest car loan, the interest rate will be the key factor that buyers will be looking at. The rates vary across the market as lenders individually decide how they will price their loans. The [RBA](https://www.rba.gov.au/) sets the cash rate but then each lender decides what interest rate they will apply to their specific finance products. ## **Using Online Resources** Conducting a general review of car loan interest rates via online resources is definitely a great starting point to get an idea of the variations and what is available across the market. But it is only a starting point. Deeper analysis of the actual loan type, details, fine print, conditions and how the application criteria and other conditions apply to your individual circumstances is required. This is a key point to appreciate – the [interest rates](https://jade.finance/car-loans/car-loan-interest-rates) and loan offerings which are advertised by lenders will typically relate to what can be achieved for applicants with a good credit rating and for new cars. Unless of course other details are stated such as for used car finance. So making final decisions on what a car loan may cost you based solely on a rate or loan estimate sourced from a generic resource may not be what an individual will be actually offered. If the [credit profile](https://moneysmart.gov.au/) is not rated as good or other eligibility criteria in regards to affordability and financial status are not met, the loan may be higher than what is advertised. Loan comparison sites often display a range of lenders and loans and can often include notes based on an assessment by the site’s experts. The comparisons are often drawn between lenders not necessarily what is best suited to specific buyers. These notes may provide some direction to buyers as to why that particular loan or lender may or may not suit their circumstances. But it is then up to the buyer to make their decisions by evaluating that information. We offer a range of online resources which are designed to assist car buyers with budgeting, car selection and to formulate how they would prefer their loan be structured in regard to loan terms to achieve a target repayment. Our [Car Loan Calculators](https://jade.finance/car-loans/car-finance-calculator) are extremely popular. They can’t tell if the user has a good or bad credit profile or what their income and expenses are. Online resources and comparison sites don’t have the functionality to provide a custom solution by way of a specific car loan quote or offer to suit individual circumstances. ## **Obtaining a Custom Car Loan Offer** To secure a custom solution without going through the time-consuming process of applying to multiple lenders for offers, is to utilise the services of a car finance broker such as Jade Finance. We have accreditation with multiple banks and lenders and the expertise to immediately identify which particular lender will be best-suited to the requirements of our customer. We come back to you promptly with a quote which is specifically sourced to your details. It’s not a time-consuming process and there is no obligation to accept any offer which we present. We act extremely quickly to deliver fast approvals to ensure our customers can proceed with their purchase. An important factor in the current limited availability car market. In summary: comparison sites for car loans and online lending resources are extremely useful tools to assist buyers in the initial stages of seeking motor vehicle finance. But any results obtained from using online resources or advertisements for rates and loan offers need to be considered in the context of the individual buyer. Start there by all means. But for the cheapest, tailored car loan offer sourced from a vast section of the market, a broker offers significant benefits. **Contact Jade Finance 1300 000 008 for tailored, cheap interest rate car loans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Explaining the Reserve Bank Interest Rate Rise](https://jade.finance/blog/explaining-the-reserve-bank-interest-rate-rise) **Published:** May 9, 2022 **Author:** Publisher **Content:** The Reserve Bank (RBA) Board made the decision at its meeting on Tuesday 3 May 2022 to lift the official cash rate. This decision around an interest rate rise had been widely expected to occur at the Board’s May or June meeting. The decision effectively marks the end of the recent period of historic, record low interest rates across the lending markets. The decision to raise the cash rate also marks the first increase for 12 years. So it will be a new experience for many individuals and businesses to come to terms with. The cash rate is not of course the rate that is offered for loans for goods such as cars, boats, caravans and motorbikes or for business finance for trucks and equipment. But the cash rate does flow through to impact these lending markets. To understand an interest rate rise and assist in making finance decisions this explainer highlights the key take-outs from RBA’s May monetary statement. The RBA Governor, Philip Lowe, issues a [statement](https://www.rba.gov.au/media-releases/2022/mr-22-12.html) and a [transcript](https://www.rba.gov.au/speeches/2022/sp-gov-2022-05-03.html) of his address announcing the RBA Board decisions after each meeting. It is quite technical in some respects but provides important insights into the reasons behind decisions made and also gives outlooks and forecasts for key economic issues. ## **May Rate Decision by RBA** The decision to raise the cash rate was not in itself surprising to many as it was ‘on the cards’ for quite some time. But the major banks such as the CBA had expected the decision to come in June rather than May. Many thought the RBA would not move in May due to the Federal Election timing. But it is important to realise that the RBA is not a Government department. It is independent of Government and makes decisions based on the prevailing economic conditions. - The amount that the RBA raised the cash rate by – 0.25% was somewhat larger than many had expected. It takes the cash rate to 0.35% from the previous low of 0.1% - The key reasoning for the move as provided by the RBA and other points of interest from the accompanying statement issued include:- - RBA judged that the timing was seen as appropriate to commence a withdrawal of the monetary support as provided as support and stimulus mechanisms to the Australian economy during the COVID-19 pandemic. *(Note that the reference to monetary support through RBA documents refers to interest rates and the bond-buying programme.)* - The Australian economy has exhibited resilience which has resulted in a faster rise in the inflation rate than the RBA had earlier expected. - In conjunction with the pick-up in wages growth which has started, the timing with the inflation and employment rates as they are, is seen as right to start the process of ‘normalising’. *(Note – the historic low rates as we’ve experienced and enjoyed since November 2020 were extraordinary. Introduced as part of stimulus measures to encourage especially business investment and other spending. The extraordinary period now passed, the RBA is returning rates to more normal levels.)* - Current unemployment rate of 4% is expected to fall to 3.5% by early 2023. The expectation is it is expected to remain in the vicinity of that rate. This is the lowest rate of unemployment in approximately 50 years. - Positive outlook for economic growth though the RBA mentions uncertainties emanating from global activities. These global influences include the ongoing issues and disruptions caused by the pandemic overseas, especially in China which is currently seeing lockdowns in major manufacturing hubs. The war on Ukraine is also seen as a source of uncertainty as is global inflation rates. - Domestic impacts on inflation mentioned include the demand being strong which is placing pressures on business to supply. Business are facing issues around labour shortages which are restricting operating at peak capacities in some sectors. This is limited supply. The statement also mentions businesses passing on to consumers the costs faced by rising expenses. - The inflation rise has been greater and faster than the RBA previously expected. Though it does not that the rate in Australia remains at a lower level than for many other economies. - Inflation rises being impacted by the global issues with additional rises expected before a decline when issues around supply are resolved. - RBA forecast for 6% inflation and 4.75% underlying inflation in 2022. Dropping to an underlying inflation rate of 3% by the middle of 2024. - These inflation forecasts assume additional interest rate increases will occur. - The RBA has evidence that growth in wages notably through increases to wages in the private sector is occurring. ## **Loan and Finance Impacts** The closing sections of the RBA’s statements probably hold the key to the future for those considering loans and finance. The comments include a commitment by the RBA to do what is needed to return inflation to target and that this will require more interest rate increases. The effects on loans and finance of the RBA increase will be widespread. The major banks were quick to respond in lifting rates in some of their home loan markets sector by the full 0.25% rise. Rises in interest rates for other types of loans including [motor vehicle finance](https://jade.finance/car-loans/car-loan-interest-rates), boat loans, [caravan finance](https://jade.finance/caravan-loans/caravan-loan-calculator) and across equipment finance and other business loans would be expected. While lending rates are set to rise and possibly several times in line with RBA decisions, Jade Finance remains well-placed to secure better rates across our lending products. With the RBA clearly eluding to further rate rises, those considering purchasing major goods with finance would be wise to proceed as soon as possible to avoid those additional increases. Fixed interest rate loans can be secured to ensure the loan repayments do not change when the RBA increases the cash rate. **Contact Jade Finance 1300 000 008 to source quotes for personal loans and business finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Equipment Finance for Operators on New Infrastructure Project](https://jade.finance/blog/equipment-finance-for-operators-on-new-infrastructure-project) **Published:** July 25, 2022 **Author:** Publisher **Content:** The design and construct contract was recently awarded for a large infrastructure project in Newcastle, NSW. An announcement which can represent great new work opportunities for many operators. Those in construction, earthmoving, roadmaking and materials supply may potentially benefit from this construction of stage 5 of the Newcastle Inner City Bypass. But in order to achieve full potential, cheap equipment finance may be required to purchase new machinery. Quoting for work on these large scale project can be competitive as many business vie for this type of long-term contract. Ensuring the business is suitably set-up with the latest machinery may assist in both be granted contracts and in effectively completing the necessary works on schedule. For operators considering work on the Newcastle Inner City Bypass project cheap equipment finance is available to purchase new machinery through Jade Finance. We provide details on the project and the finance options. ## **Newcastle Bypass Project** The fifth stage of the [Newcastle Inner City Bypass](https://minister.infrastructure.gov.au/c-king/media-release/contract-awarded-build-fifth-stage-newcastle-inner-city-bypass) is a $450 million infrastructure project which is funded in a joint agreement by the NSW Government and the Federal Government. In late July in a joint statement, the relevant ministers announced the awarding of the design and construct contract to Fulton Hogan. Construction will start in October this year with completion slated for 2025. The fifth stage covers the 3.4 kilometre section from Jesmond to Rankin Park, close to the John Hunter Hospital. The bypass is seen as the much missed link in the road and when completed will cut out 11 sets of traffic lights. Quickening the trip and reducing traffic congestion. The relevant Federal Minister, Ms Catherine King said this was an extremely large piece of infrastructure for Newcastle and could see travel times in peak hours cut by up to 80%. Ms Natalie Ward, the Minister for Roads for the NSW Government stated that the project represented potential for around 900 new jobs to be created during construction. She described the project as transformation for the region and a great improvement for road safety. Due to the close proximity of stage 5 to the John Hunter Hospital and Innovation Precinct, NSW Transport and NSW Health will be working closely to ensure the project aligns with the health precinct requirements. The contract announcement covers early work for McCaffery Drive and Lookout Road. Works which will allow Fulton Hogan to accelerate later works on the interchange. The major work starts in October. The overall project includes a number of sections including:- Newcastle Rd interchange; hospital and health precinct access via an interchange; and an interchange at Lookout Road. Along the 3.4 klm section, access structures will be constructed to allow animals and people access the bush area. Cyclists and pedestrians will also be catered for with a Newcastle Road bridge at Jesmond. The works are extensive and will no doubt represent opportunities for many different contractors. To see if opportunities are available for your business, refer to the [project information](https://www.transport.nsw.gov.au/projects/newcastle-inner-city-bypass/rankin-park-to-jesmond) at Transport for NSW. ## **Upgrading Machinery with Cost-effective Finance** To ensure ongoing performance over the 3 year term of this project may require upgrading to the latest machines. Machinery manufacturers focus heavily on incorporating the latest innovations to assist operators achieve improved productivity and performance under demanding conditions. But actually achieving overall productivity and profitability for the business may come down to the finance secured to acquire that machinery. Equipment finance which is not individually sourced and has not been negotiated at the cheapest interest rate may jeopardise the potential achievements. Jade Finance assists operators to achieve their full potential by securing finance on new machinery at the cheapest rates and structuring the finance to specifically meet the needs of that business. The choice of the finance product can be critical to overall profitability. Operators are advised to have a discussion with their business accountant around which loan type will suit their business. The [selection of finance](https://jade.finance/equipment-loans) includes:- - Commercial Hire Purchase - Equipment Leasing - Chattel Mortgage - Rent to Buy Options are available for those requiring [No Doc, Low Docs and Bad Credit finance.](https://jade.finance/business-loans/business-finance-bad-credit) The interest rates and tax treatment vary across the selection of loan types. Currently, Chattel Mortgage is an extremely popular due to its suitability for temporary full expensing and Instant Asset Write-off. These accelerated asset depreciation can present extremely attractive tax benefits which may further add to the profitability of the equipment finance. If you’re planning to carry out work on the Newcastle project, chat to us about how we can assist with finance on new machinery and equipment. **Contact Jade Finance 1300 000 008 to discuss cost-effective equipment finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [EOFY Car & Bike Deals – Quick Motor Vehicle Finance Available](https://jade.finance/blog/eofy-car-bike-deals-quick-motor-vehicle-finance-available) **Published:** June 27, 2022 **Author:** Publisher **Content:** June is usually time for savvy buyers to be out and about to scour the market for EOFY deals on cars and motorbikes. But with global supply issues and the computer chip shortage disrupting manufacturing and deliveries, especially in the motor vehicle sector, buyers are unlikely to find as many deals as usual this year. But there is another deadline looming which might cause buyers to hurry with purchases and that is in acquiring motor vehicle finance prior to the next round of interest rate rises. The [RBA](https://www.rba.gov.au/) is due to meet on July 5 and another rise in the cash rate is highly expected. That will cause lending rates in both business and consumer finance to creep up as happened following the cash rate rises in the past two months. So time is of the essence in terms of sourcing finance if you’re looking to save on interest rate. If you’re looking to also save on vehicle prices, there some EOFY deals available. To be in a position to secure limited stock of EOFY discounted cars buyers are strongly advised to first secure motor vehicle finance with pre-approved loans. To assist buyers speed up both sides of the process – the finance and the finding vehicles, we’ve compiled a list of some of the deals which are currently being advertised online and our consultants are ready to assist you immediately with quick quotes and fast approvals for finance. It is widely known that delivery of many new vehicles is stretching to up to a year. While deals are being advertised, buyers are warned to check dealerships for stock and confirm delivery time. We have seen some promos with ‘delayed delivery’ in the fine print. Delayed delivery will mean that any pre-approved motor vehicle finance would need to be reviewed and re-quoted in line with delivery timings. This could result in a higher interest rate due to the expected decisions coming from the RBA. ## **Currently Advertised Car Discounts** Here are a few of the discounted pricings we found for your consideration:- - For tradies and those wanting a vehicle to tow boats or take bikes and other gear away for the weekend, Isuzu is advertising [discounted prices](https://www.isuzuute.com.au/offers/current-offers) on a number of models of the D-MAX. - If upgrading your delivery van to take advantage of the tax deductions on offer this year is on your agenda then consider the [Mercedes-Benz Vito](https://www.mercedes-benz.com.au/vans.html) offers. Savings can be realised with the on-road costs. - Kia is advertising [reduced prices](https://www.kia.com/au/shopping-tools/offers/car-offers.html) on a number of models across their range of passenger vehicles. These include on the Stonic, Rio, Stinger, Picanto and the Cerato. - Those looking for European style can take a look at the pricing on the Alfa Romeo Stevio. A quick browse around a number of other manufacturers and we found offers which relate to a price saving on a current model prior to the price going up. Any saving made on future delivery vehicles should be considered in relation to the anticipated car loan interest rates at that time. Refer to our [Loan Calculators](https://jade.finance/car-loans/car-finance-calculator) to see how the repayments may differ with a higher rate. ## **Motorbike Discounts** For those preferring two wheels to four, there are a number of motorcycle brands which are currently advertising discounts. - A [promotion](https://www.aprilia.com/au_EN/) from Aprilia sees great rideaway pricing on a number of variants in the range of Tuono models. Savings advertised at up to over $3000. Great news for timing, these offers run through to July 31. - BMW is advertising [savings](https://www.bmw-motorrad.com.au/en/offers/retail-offers.html) available on some R18 models of between $5K and $7K. That has to be worth considering. - Complimentary accessories valued at around $800 are on offer on the Indian FTR. - [Cash backs](https://www.kawasaki.com.au/en-au/purchase-tools/current-offers) are available on certain Kawasaki models and run out and plate clearance deals are also advertised. - [EOFY deals](https://royalenfield.com.au/product-news/eofy-sale-continental-gt-650/) are also on offer from Royal Enfield for the Continental model GT 650 as well as Interceptor. ## **Meeting EOFY Deadlines** There are only a few days to 30 June so keen buyers will need to be smart and savvy to secure finance and a discounted vehicle by the deadline. We strongly recommend contacting us to start the finance application as soon as possible. We can arrange pre-approved finance across our range of [Motor Vehicle Finance](https://jade.finance/car-loans/personal-secured-car-loans) and [Motorbike Finance](https://jade.finance/bike-loans/motorcycle-finance) products. Requested expedited finance does not incur a premium or higher interest rate. Simply provide your Jade Finance consultant with a price range of what you expect to pay for your vehicle and we’ll get straight onto sourcing quotes based on that pricing. When the application is approved and the vehicle purchased confirmed, we can amend the final loan amount to match the purchase price on the dealer invoice. Using our services are sure to save you valuable time compared with you having to make multiple calls for quotes to compare from multiple banks and finance companies. Our consultants do all that laborious and time-consuming work for you and much faster. We know which lenders are offering the best deals on finance at any particular time and which lender will best suit the individual requirements of our customers. Moving quickly this week, prior to the EOFY deadline may deliver extensive benefits to buyers:- - Secure discounted vehicles and motorcycles. - Secure finance at this week’s interest rates prior to the expected 5 July increase. - Business buyers may select Chattel Mortgage and realise the tax benefits of temporary full expensing in this financial year. When you add up the figures, there is quite a lot at stake – in the buyer’s favour. IF you act quickly. So contact us now and get moving. **Contact Jade Finance 1300 000 008 for finance in a hurry for motor vehicles and motorcycles.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Emerging Finance Trends: Fintech](https://jade.finance/blog/emerging-finance-trends-fintech) **Published:** February 12, 2021 **Author:** Publisher **Content:** If you follow the finance and banking news, you may have seen a growing amount of mentions of Fintech or FinTech but not actually know what it is and if it is something that may affect your personal loan or [business finance](https://jade.finance/business-loans/best-business-loan-interest-rates). In line with our approach to educating our customers on finance, we’re providing this explainer of Fintech and how it may affect you. ## **Explainer: What is Fintech?** Fintech is short for financial technology and while quite established in some areas is still considered as an emerging trend in finance. In some areas it is seen as booming so it’s worth knowing about it. In simple terms, it is the use of innovation and technology in the provision of financial services to deliver services that compete favourably with the more traditional ways that the finance industry has always operated. So there is financial technology and then there are companies, organisations and applications that are referred to as ‘Fintechs’. Essentially companies that operate exclusively via technology. It can probably best be explained by some of the Fintech applications and services that are widely known and you probably know already. [Paypal](https://www.paypal.com/au/home) is a one of the biggest globally, but there is [Apple Pay](https://www.apple.com/au/apple-pay/) and other mobile applications that enable consumers to pay for goods directly from their device and to pay friends. With these sector growing significantly as people continue to embrace tech and more convenient ways to carrying out their finances, traditional banks and lenders are looking to move into the area in order to compete. Banks are launching their own apps to meet customer demand for this type of technology. Closing branches could be seen as a nod to the increased demand for more tech-based delivery of financial services. There was a report in the media recently that one of the major Australian banks had acquired a major interest in a Fintech company to bolster its services and capabilities in this fast-growing sector. The coronavirus pandemic could also be seen as providing a boost to the use of technology in financial transactions as the general public was discouraged from using bank notes and coins and instead using cashless payment methods. A move which looks set to stay long after the pandemic passes. Fintech companies are extremely active in Australia with reports that there are over 800 fintech businesses operating across the country. This large number of operators makes Australia one of the most dynamic in the sector on a global basis. These companies provide services in many areas of financial services including:- - Wealth and Investment - Lending - Payment and Wearables The services provided will vary from business to business but are diverse and they operate in the consumer and business arena. ## **Jade Finance and Fintechs** [Jade Finance](https://jade.finance/) has long been adopter of new technologies as they emerged with the key objective of providing a better lending service for both [personal loans](https://jade.finance/personal-loans/best-personal-loan-interest-rates) and business finance requirements. We embrace technology and especially a contactless approach to service delivery as a convenience to our customer, to contain our operating costs to keep costs to customers down and to speed up the entire loan process while delivering the cheapest loans across multiple sectors. Due to the way we operate, we can be included in the general definition of FinTechs and many of the non-bank lenders that we are accredited with, define themselves as Fintech companies. So if you have already arranged a loan or finance through Jade, you may already have engaged with a fintech without realising it. ## **Our Technologies** Jade Finance has established a business model based significantly on providing customers with convenient and fast access to cheap loans and finance via contactless methods. We have long had our loan calculators available and we have recently added to these resources and expanded the capabilities. You now have use of both our loan calculator and the interest rate comparison calculators. There are very few lenders that will provide you with a list of leading lenders in a certain sector with the interest rates on offer from each. Plus include the advanced functionality to auto-calculate estimated repayments across all in one action. We have of course our apply over the phone or via our online application form which provides convenience and simplicity to the entire loan process. We are continually investing in boosting our technological capabilities to provide you with even more resources and loan tools to increase access to our cheap finance services. ## **Tech v Trad** So where do traditional styles of lending services come into the future of the sector? For many people the personal contact will always be welcomed and in many cases required to secure their finance. Those seeking [bad credit business loans](https://jade.finance/business-loans/business-finance-bad-credit), some low docs and no docs applicants, those not proficient with technology and businesses with complex structured finance requirements may require a more one-on-one, direct contact approach. At Jade Finance we do combine both tech and trad by providing our customers with their own consultant and the option of engaging with us by phone or completely electronically. Whichever way you choose to source your finance through Jade Finance, you can always be assured of better interest rates and cheaper loans. **To discuss your business or personal loan requirements, contact Jade Finance Call 1300 000 008** *DISCLAIMER: THE INFORMATION PRESENTED IN THIS ARTICLE IS NOT INTENDED AS THE SOLE BASIS FOR INDIVIDUALS TO MAKE FINANCIAL DECISIONS. THOSE THAT REQUIRE ADVICE OR GUIDANCE IN REGARD TO THEIR FINANCIAL DECISIONS SHOULD CONSULT WITH AN ACCOUNTANT OR FINANCIAL ADVISOR. THE INFORMATION AS DETAILED IS BASED ON DATA, SPECS AND REFERENCES AS SOURCED FROM A RANGE OF SOURCES AND LIABILITY IS NOT ACCEPTED FOR MISINTERPRETATIONS, MISREPRESENTATIONS OR ANY ERRORS IN THE CONTENT. THIS ARTICLE IS FOR GENERAL INFORMATIVE PURPOSES ONLY.* **Categories:** Information --- ### [Embracing The Road Ahead: Jade Finance Gears Up for 2025 Brisbane Truck Show](https://jade.finance/blog/embracing-the-road-ahead-jade-finance-gears-up-for-2025-brisbane-truck-show) **Published:** June 17, 2024 **Author:** Publisher **Content:** Focused on all things transport and logistics – the Brisbane Truck Show will once again provide truckers with an opportunity to network as it returns in full force to the Brisbane Convention and Exhibition Centre. Going ahead in May 2025, the event will highlight a range of products from the heavy vehicle and road freight industries as well as welcome a large number of exhibitors and prospective buyers. For truck drivers who don’t often get opportunities to network with each other, the show is a great way for them to reach out and share knowledge of the trucking industry. And in additional news for trucking workers, buyers, and enthusiasts – the Brokers from Jade Finance are set to make an appearance at the 2025 event to discuss all things heavy vehicle finance. From commercial truck loans, used truck finance, commercial vehicle leasing, no deposit loans, no doc truck loans and more – our expert brokers can’t wait to be part of the event to meet and assist prospective clients. We are especially keen to be involved in the Brisbane Truck Show because it plays host to the largest display of trucks, trailers, technologies, parts and accessories in the Southern Hemisphere. With last year’s show the biggest in its 55-year history, with more than 42,800 industry members turning out across the four day event, our truck financing specialists expect the upcoming event to be even more ripe with information to educate themselves on the evolving market. In 2024, the number of exhibitors that turned out at the show was enough to cover 30,000 square metres, and the number of attendees at least 15 per cent higher than any previous show. Continually growing to provide more opportunities to truckers, the Brisbane Truck Show has been produced by Heavy Vehicle Industry Australia since its inception in 1968. HVIA chief executive Todd Hacking said the upcoming show is set to be bigger and better than ever. “What started back in 1968 as an event to connect members with their customers has become much more than that,” he said. “This evolution will continue in 2025 – plus some new exciting additions we can’t wait to reveal in due course.” With an estimated 60 per cent more heavy vehicles on our roads this year, and the total distance traveled by those vehicles increased 80 per cent over the same period – the heavy vehicle industry is also showcasing their move towards greener emissions. Aimed at increasing awareness and education of the heavy vehicle industry, last year’s event was based on six themes including innovation, safety, sustainability, careers, knowledge, and community. The upcoming event is expected to carry a similar variety of themes as event organisers continue the show’s focus on research and development by promoting the evolution of transport and logistics as an industry, as well as innovation. Many heavy vehicle automobile companies are again expected to showcase their products to general buyers and companies who attend, with a variety of additional entertainment set to coincide including charity shows, live music extended trading, discounts, vouchers, and more. The 2025 event will be held on May 15 – 18 at the world-class Brisbane Convention and Exhibition Centre. Event updates will be posted on the [Brisbane Truck Show website](https://brisbanetruckshow.com.au/). ## **Heavy Vehicle Finance is ‘in our DNA’. Finance your heavy vehicle today with JADE Finance.** As the go-to finance broker when it comes to getting a great deal for the full range of heavy vehicles – [Jade Finance](https://jade.finance/) has a number of [truck loan options](https://jade.finance/truck-loans) that could work for you. We have several expert brokers who operate exclusively in this sector and have done so for a very long time. Our consultants not only know finance, they are also well informed about the [heavy machinery](https://jade.finance/equipment-loans/heavy-equipment-loans), trucking and the transport sector. Our list of lenders is extensive and we will work hard to source you the very best deal available. To talk to one of our experienced brokers, call us on 1300 000 003 or [Request a Quote](https://jade.finance/free-finance-quote). **Categories:** Information --- ### [Economic Uncertainties Highlight Importance of Reliable, Affordable Business Finance Support](https://jade.finance/blog/economic-uncertainties-highlight-importance-of-reliable-affordable-business-finance-support) **Published:** June 20, 2022 **Author:** Publisher **Content:** In the lead-up to the release of the NSW Annual State Budget the NSW Treasurer was reported as describing the current environment as having ‘economic uncertainties’. After several years of pandemic-related issues and now dealing with surging inflation, supply chain disruptions, energy issues and price rises, that would not come as a surprise description. While the euphoria of being out of lockdown has now worn off, the reality of the economy bouncing back is being realised. For many enterprises, the support from affordable business finance is essential. It can be extremely important for business growth, productivity and profitability for business to access affordable, workable and flexible business finance. Access to specialist sources of finance and professionals to assist with the entire process either as a one-off loan application or with ongoing finance solutions are available to all types of businesses. Through our broker-style services, micro businesses through to large corporations have access to specialist finance to support their operations through good and challenging times to specifically achieve target outcomes. ## **Addressing Current Economic Conditions** The current economic conditions will be creating different trading conditions and prospects for different businesses. This may be dependent on the industry sector, the state or territory of operation and many other factors. But what all businesses seeking finance should comprehend is the overall economic environment and the factors which are influencing interest rates. In Australia, the [RBA](https://www.rba.gov.au/) focuses especially on the unemployment figures and the rate of inflation when making cash rate decisions. In May we saw the RBA lift the cash rate by 0.25% and in June by 0.5% to the current 0.85%. Inflation is continuing to surge with the RBA first having 6% by year’s end as its outlook at the 7 June meeting only for Governor Lowe to revise that to 7% just days later. Unemployment has been falling and sits currently at the 40 year low of 3.9%. This reflects the tight labour market, partially due to the labour market being closed to international workers over the years of the pandemic. These two issues in conjunction with global impacts and other factors, point strongly towards another significant increase in the cash rate at the RBA’s 5 July Board meeting. The RBA has indicated that it sees further increases in the cash rate as required in the time ahead to return inflation to its target range of 2-3%. Businesses can take heed of the RBA outlook and the strong indication of further rate rises by proceeding swiftly with purchases of motor vehicles, trucks and equipment with finance. Increases in the cash rate flow through to the business finance sector as banks and non-bank lenders lift their rates as a result of their lending costs increasing with the cash rate. While the increases may appear small, 0.25-0.5% so far, that can equate to significant increases in total interest payable on finance over a 7 year term and can be a not inconsequential increase in monthly loan repayments to meet each month. So moving quickly, if possible, is highly recommended. Your Jade Finance consultant will support you with quick quotes and fast approvals to expedite the finance process. ## **How Specialist Business Finance Works for Business** While some businesses may feel that they have the ability and the time to source their own finance, utilising specialist services can deliver significant benefits. Our consultants are experts, we have industry-level access to lenders which is not available direct to businesses and we have access to a large number of lenders. So we know exactly which lender would best suit our customer and we know which lenders are currently offering the best interest rates. Many of our non-bank lenders are specialist in either particular industries or for particular goods such as truck or equipment finance. This speciality can deliver benefits through their in-depth understanding of the sector when it comes to loan conditions and of course, interest rates. Rather than a one size fits all approach to business finance support, we offer a [full range of loan type](https://jade.finance)s to target specific pain points. This allows businesses access to exactly the type of finance which is designed to meet the objective. Objectives such as[ cash flow shortages](https://jade.finance/business-loans/business-overdraft), non-asset acquisitions and purposes, dealing with slow-paying customers and [managing large insurance premiums](https://jade.finance/insurance/insurance-premium-funding). All finance requests and applications are dealt with on an individual basis. Loans are individually sourced, negotiated and structured to specifically meet the requirements of that enterprise. Specialist services can be of particular importance to relatively new and start-up businesses requiring Low Docs and No Docs finance. ## **How to Access Cheaper Finance Solutions** Our services are available to all businesses on a one-off loan basis or to establish an ongoing working relationship to address recurring and emerging finance requirements. Business operators from across Australia can utilise our services as all arrangements and communications are made via phone and email. For total remote and contactless communications. Ensuring a streamlined and time-saving delivery of cheap interest rate business finance. The current finance outlook is for interest rates to continue to rise with the cash rate to rise from today’s 0.85% to possibly 2%. This is in itself a compelling reasons for businesses to prioritise securing cheaper and more affordable finance to support their operation as the economy readjusts to post-pandemic interest rates and the RBA normalises monetary policy. **Contact Jade Finance 1300 000 008 to discuss how we can assist your operation with affordable business finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Easter Holiday Prep – Apply Now for Low Rate Car, Caravan and Boat Loans](https://jade.finance/blog/easter-holiday-prep-apply-now-for-low-rate-car-caravan-and-boat-loans) **Published:** February 6, 2024 **Author:** Publisher **Content:** With less than 2 months to Easter, now is the time for those planning getaways to think about buying an appropriate vehicle, RV or boat. If your current vehicle is ready for an upgrade or is not suited to holiday plans, our low rate car, caravan and boat loans may make a new model a reality. Would a bigger vehicle such as an SUV make a road trip with the family more comfortable? Does your traditional caravan lack the off-road chassis and suspension to get to the remote places you plan to explore? Would a jet ski or new fishing craft make that getaway just so much better? Whatever your plans, whatever your destination, if a new motor vehicle, RV or watercraft is needed to make Easter the best ever, it’s time to apply for credit to make the purchase. **Easter holidaymakers can apply for car, caravan and boat loans through Jade Finance for lower rates and fast approvals to make those purchases.** Our fast 24 hour approvals service can make even last minute purchases possible. Our low rates can make the funding affordable and not impact Easter holiday spending money. Apply for credit ahead first to set your budget for deciding which make and model to purchase. ## Affordable Boat Loans for Jet Skis, Trailerable Craft, Runabouts All types of new and many second-hand watercraft can be funded with our [Affordable Marine Financing](https://jade.finance/boat-loans "Affordable Marine Financing"). Rates are competitive and when buying a package deal with a trailer, we can include craft and trailer in the credit. If considering second-hand vessels, keep in mind that rates and loan conditions can be different to new goods. Get a credit quote before buying to assist with the decision. Fixed rates, fixed terms and fixed monthly repayments can make buying a watercraft with Jade.Finance credit an affordable decision. Jet skis and PWCs are great craft to suit many families and individuals. They can easily be towed to most locations, are easy to launch and can suit inland waterways, off the beach or even offshore boating. Consider models from Sea-Doo, Yamaha and [Kawasaki](https://www.kawasaki.com.au/en-au/ "Kawasaki"). ## Low Rate Car Loans Let’s face it, any road trip can be a more pleasurable, safe and comfortable experience in a brand new motor vehicle. The safety features on later models can be of particular importance when embarking on a road trip on major highways, motorways and country roads. Our personal vehicle credit can be used to fund purchases of all types of vehicles, petrol, diesel or electric. SUVs have topped the sales charts lately and buyers have a broad selection of makes and models. Consider top of the range models from Tesla, Audi and BMW or the more budget-priced MGZS. For a versatile cab chassis, top seller Ford Ranger, the iconic Toyota HiLux or any of the others from Mitsubishi, Isuzu, VW and Nissan could make the ideal work and play vehicle. Business buyers can choose between Chattel Mortgage, CHP or Leasing facilities. ## RV Loans for Campers, Hybrids, Caravans If you’re venturing off-road this Easter, then an off-road camper or caravan may be the RV required such as the tough models from [BruderX](https://bruderx.com/ "BruderX"). All RV makes and models can be funded with our best rates Secured [RV Financing](https://jade.finance/caravan-loans "See what our recreational vehicle financing can offer you") with rates, terms and conditions individually structured to suit the RV and its buyer. ## **Set Buying Budget with Calculator Estimates** Before making significant purchases such as motor vehicles, RVs and watercraft with credit, the majority of buyers will want to know what their funding will cost. What the monthly repayments will be on different prices and different models. With all funding individually sourced and rates based on individual profiles and credit profiles, a quote will be required for a specific loan amount. But if a rough estimate is what you are after, then click through to our [Commercial Finance Calculator](https://jade.finance/ "See what our commercial finance calculator can do for you") and start working up ballpark figures. Just change the credit total to the price of the models being considered to instantly see the repayment estimate for that vessel or vehicle. This is a great tool for ‘buying to budget’ and can be used from any device with internet connectivity. ## **Convenient Online and Phone Application Services** If you thought getting credit may be a slow, drawn out and time consuming process, you haven’t applied with us. We make the entire process streamlined, simple and fast. Applications and quote requests can be completed via our online tools or with a quick call to one of our brokers. With details of you and what you intend to purchase, we source the most suitable lending product from the most suitable lender from across our 80+ panel of banks and non-bank credit providers. We do the negotiating on rates and get back to you with the best offer and approval in 24 hours. When you say YES, the offer meets your expectations and budget, we finalise the details and liaise between our lender and your vessel or vehicle dealer to settle the purchase. There is still time before Easter so why not consider now the time to buy that watercraft, RV or motor vehicle to make the easter holiday a more exciting experience. **Apply now for car, caravan and boat loans with Jade Finance on 1300 000 008 for a quote.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Do pre-approved loans cost more?](https://jade.finance/blog/do-pre-approved-loans-cost-more) **Published:** January 19, 2022 **Author:** Publisher **Content:** Pre-approved loans are an extremely useful way to source loans and finance and the cost in terms of interest rates and charges are in line with post-purchase loans. There are many solid reasons as to how and why applying for pre-approved finance can be of significant benefit. Securing the finance before sealing the deal is very common practice for both personal loans and business finance. Jade Finance offers pre-approved finance[ across our portfolio](https://jade.finance) and we explain why so many of our customers are taking up this service when seeking loans and finance. ## **Advantages of a Pre-approved Loan** A pre-approved loan is simply a loan which has been applied before, the application processed and a loan offer made by a lender before the applicant has made a purchasing commitment. Loan applicants will typically have an upper figure in mind of what they intend to spend on the goods and that is used for the purposes of applying for the loan. It is an extremely helpful process for a number of reasons:- - Allows buyers to know their buying power as in what they can afford to purchase before starting to consider makes and models. - Provides buyers with confidence when negotiating buying prices with sellers and may provide a great bargaining chip. - Allows buyers to save time by only considering those goods which are within their budget. Avoiding a situation of making a commitment to purchase say a car or boat which is outside their ability to repay a loan on. It also saves the embarrassment of having to renege on a deal if a loan application is rejected. - Allows buyers to commit to a purchase on the spot and avoid the risk of missing out on goods which are in short supply. Currently many markets are suffering supply issues due to the computer chip shortage and from the flow-on effects of the COVID-19 situation. Some makes and models of motor vehicles, construction equipment and other goods have been experiencing delayed deliveries. While the boat and caravan markets have been experiencing shortages due to the spike in demand. - Allows buyers to have a firm loan offer to compare if made a finance offer by a dealer or seller. As pre-approved loans are processed in advance of the purchase commitment, they do have an expiry time frame. There is no obligation involved in applying for this type of finance. If you change your mind and don’t proceed with the purchase the loan offer simply expires at the time advised when the offer is made. ## **Interest Rates on Pre-approved Loans** Pre-approved loans are priced and an [interest rate](https://jade.finance/personal-loans/best-personal-loan-interest-rates) offered in the same way as if the loan was being processed after the purchase. Lenders set their interest rates for different markets with the official cash rate as a base and then factor in their own costs and consideration. The loan application assessment process include a review of the applicant’s [credit profile](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports). So the interest rate for pre-approved and post-purchase loans and finance would be the same. This applies to both business finance and personal loans. ## **What goods can be financed with a pre-approved loan?** Jade Finance offers pre-approved loans for all our markets. This type of loan is available for the purchase of:- - Private cars and business vehicles - All types of trucks including light, medium and heavy duty - Motorbikes - Caravans - Boats for private and business use - All types of business equipment across a wide range of industries - Commercial finance including business overdrafts ## **Range of Pre-approved Loans** Pre-approved loans are available across our loan and [finance portfolio](https://jade.finance/equipment-loans). - Chattel Mortgage for business vehicles, trucks and equipment - Leasing for trucks, vehicles and equipment - Hire Purchase for business vehicles, trucks and equipment - Rent to Buy for trucks and business equipment - Secured Loans for Cars, Boats, Motorbikes and Caravans - Unsecured Personal and Business Loans - Secured Business Loans To estimate possibly repayments on a pre-approved loan for the goods you are looking to purchase, use our loan calculators. Different interest rates apply to different loans and for private and business finance. When using the finance calculator, input the appropriate interest rate for the goods and the loan type. ## **Applying for a Pre-Approved Loan** The same application process applies to pre-approved loans as for post-purchase loans. Applicants can apply with one of our consultants over the phone or use our online resources to submit a quote request and apply. There is nothing to lose but plenty to gain by seeking pre-approved finance prior to your next acquisition. **Contact Jade Finance 1300 000 008 to apply for a pre-approved loan for business or private purchases.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Don't let the unprecedented and unpredictable leave you unprepared. Finance Options for Businesses Moving Forward](https://jade.finance/blog/dont-let-the-unprecedented-and-unpredictable-leave-you-unprepared-finance-options-for-businesses-moving-forward) **Published:** September 1, 2020 **Author:** Publisher **Content:** We hear you and we’re right in the midst of it also. The COVID-19 scenario has been a nightmare on the health, social and business fronts globally. The situation has morphed from being ‘unprecedented’ *(we’ve certainly heard that word enough in 2020)* to being somewhat more ‘unpredictable’ with outbreaks of COVID-19 cases are popping up here and there. How long will it all last? We’ve heard *‘for some time’* all year but the *‘some’* doesn’t seem to be able to be quantified. At [Jade Finance](https://jade.finance) we don’t want our customers to be left unprepared for business opportunities in 2021 through delaying, postponing and deferring plans due to COVID-19. The start of spring signals a time of regeneration and renewal and that doesn’t have to be confined to nature. Let’s take a look at your plans ‘moving forward’ and offer financial solutions to refresh your business. ## **A Whole-of-Business Approach** As a professional finance broker, Jade Finance is active in a wide range of finance areas. We’re not confined to providing finance for the acquisition of goods and assets – cars, trucks, equipment, machinery etc. We provide finance solutions in a number of different areas. This allows us the opportunity to work with individual clients in developing a ‘whole-of-a-business’ approach to their [business finance](https://jade.finance/business-loans/business-finance-bad-credit). While our role is clearly differentiated from the role of your accountant, financial controller or financial advisor, we provide a range of finance services. ## **Refinancing Options** To be prepared for 2021 and implement your plans, now may be a good time to consider refinancing some of your current loans. [The Reserve Bank](https://www.rba.gov.au/) has left interest rates at the current historic low level for some time and if you set up some of your finance deals a few years ago, at higher levels, it may be fortuitous to consider refinancing. Jade Finance provides refinancing for a range of business loans including for [truck loans](/truck-loans), car finance and equipment finance. With some truck and equipment loans running over 7+ year loan terms, it is feasible that some businesses may currently be locked into a loan at a much higher interest rate than what Jade can currently achieve. During the past few years you may have taken on a number of different loans and the multiple monthly repayments may be placing undue pressure on your cash flow. With the unpredictable nature of the current situation with COVID-19, it may be beneficial to roll a number of loans into the one and only have one monthly repayment to handle for the remainder of the loan term. Your Jade consultant will discuss your requirements and source you a quote for a new finance deal on your existing loan or loans. When considering refinancing, the costs of paying out loans early and the fees and charges of setting up new loans needs to be considered in the overall package. If the resultant offer does not represent a beneficial outcome for your business, your Jade consultant will not advise you to proceed. If you have loans that are approaching the end of the loan term, refinancing the residual/balloon/buyback may be a useful move rather than use your existing cash reserves for that purpose. In planning for the unpredictable, preserving cash reserves may be a good strategy. ## **Slow-Paying Customer Solutions** While taking a whole-of-business view of your business, identify the areas that may be a burden on the business. What’s holding you back? We see slow paying customers as a common pain-point for many businesses. If you’re constantly putting off your investment, acquisition and every day plans because you’re waiting for your customers to pay your invoices – Jade Finance may have a solution for you. We provide [Invoice Debtor Finance](https://jade.finance/business-loans/debtor-invoice-funding) through non-bank lenders which is designed to ease cash flow pressures. The lender essentially takes on the debts at time of invoicing and you immediately receive a pre-arranged percentage of the invoice and the remainder at a pre-arranged time when the customer finalises the invoice with the lender. For more details, please refer to our web page or call us and discuss with one of our consultants. ## **Short-Term Cash Flow Solutions** If you’re consistently experiencing short term cash flow issues but you don’t meet the bank’s guidelines for a [bank overdraft](https://www.westpac.com.au/personal-banking/personal-loans/overdrafts/definition/), Jade Finance may be able to assist with a similar overdraft facility through one of our non-bank lenders. This operates in the same way as a bank overdraft in that you have a set limit and only pay interest on the funds utilised. But the funding is provided by a lender that is not a bank. Sound like an option for you? Give us a call to discuss the details. ## **Solutions for Non-Goods/Asset Purchases** The majority of our business is in providing finance for the acquisition of goods and assets like business vehicles, trucks and all types of equipment. The loan types for these products involves the lender using the ‘goods’ as security against the loan. But businesses often need funds for purposes which are not suitable to use as security. This may be general operating funds to cover short falls, for things like training and other staff expenditure or a myriad of purposes. A Jade Finance solution for this type of expenditure may be our Business Loans. These are available as either secured or unsecured and can be used for a range of purposes. Worth a conversation? Give us a call. ## **Moving Forward** To get your business prepared to move forward in 2021, now could be the season to review and refresh your finances with solutions from Jade Finance. You’ll be assigned your own fully trained and highly experienced Jade consultant who will work through your requirements and deliver cost-effective solutions at, of course, our cheap interest rates. **To discuss how Jade Finance can assist you with financial solutions, please call us and start the conversation. Call 1300 000 008** *DISCLAIMER: THE INFORMATION IN OUR ARTICLES IS PROVIDED FOR GENERAL INFORMATION PURPOSES AND IN NO WAY IS INTENDED AS THE SOLE SOURCE TO MAKE FINANCIAL DECISIONS OR AS ADVICE IN REGARD TO FINANCIAL INFORMATION. INDIVIDUALS ARE RECOMMENDED TO REFER TO THEIR FINANCIAL ADVISOR OR SEEK ADDITIONAL INDEPENDENT ADVICE IF THEY CONSIDER THEY REQUIRE SO. THE INFORMATION PRESENTED IN REGARD TO GOODS HAS BEEN SOURCED FROM MANUFACTURER AND SUPPLIER SOURCES AND IN REGARD TO GOVERNMENT AND ATO POLICIES AND PROGRAMS FROM RELIABLE SOURCES. NO LIABILITY IS ACCEPTED IF ERRORS HAVE BEEN MADE IN PRESENTING OR INTERPRETING THE INFORMATION AS PRESENTED* **Categories:** Information --- ### [Decisions, Data, Determinations: August Economic Update](https://jade.finance/blog/decisions-data-determinations-august-economic-update) **Published:** October 30, 2021 **Author:** Publisher **Content:** August 2021 started with millions of Australians in multiple states still in COVID lockdowns and unfortunately, the outbreaks and fall-out scenario grew from there. For businesses that had been enjoying a recovery phase, these outcomes have raised many questions and concerns especially in regard to the finance sector. We provide an update of what is happening with interest rates and what the central bank sees as the outlook for the economy moving forward. ## **Reserve Bank Keeps Rates on Hold** The last time the [RBA](https://www.rba.gov.au/) cut the official interest rate was in November 2020 when additional stimulus was seen as required to speed up the recovery. Since then, the Bank has consistently set targets of 2-3% inflation and unemployment closer to full as the data that would initiate any rise in rates. The RBA Governor, Philip Lowe, has often stated a reluctance to go into negative rate territory as some countries had during the COVID crisis. Over the past few months, the RBA has also rejected calls to lift the official rate to dampen soaring prices in the housing market. So it was not realistically expected that there would be any change in interest rates made at the RBA Board’s August meeting. And that was exactly what transpired. At the 3 August meeting, the RBA kept the official rate on hold at 0.1%. On 6 August the RBA released its Quarterly Monetary Policy Statement and Governor Philip Lowe appeared via video link before the House of Representatives Committee for Economics. The appearance is not an unusual occurrence and as noted by Dr Lowe in his opening remarks, is part of the accountability process. Both Dr Lowe’s committee appearance and the quarterly statement, provide insights into the monetary policy decisions made over the past months and the Bank’s outlook and predictions for the economy moving forward. ## **Rate Increase Targets** The RBA repeated previous statements that it was looking for inflation to be well sustained above 2% and unemployment approaching fuller rates before considering raising the official cash rate. Inflation is currently 1.75% and unemployment 4.9%. It was noted that the current virus outbreaks and resultant lockdowns especially in NSW, would be expected to cause an increase in unemployment and has created an element of uncertainty. But it was also noted that following similar earlier outbreaks, such as in Victoria in 2020, the economy did bounce back quickly. The timeframe of 2024 was again confirmed as the RBA’s target for the economic indicators to reach the targets to trigger any rate rise consideration. ## **Economic Outlook** The economy has recovered beyond expectations through 2021 but the current lockdowns are expected to cause GDP growth to be affected in the September quarter. When questioned about the possibility of the nation going into recession as a result, Dr Lowe rejected this suggestion. Citing earlier setbacks and the economy’s successful rebound to the recovery phase. It was also noted that not all areas of the country are currently impacted. Many regions remain on a positive trajectory. However, within a week of these statements being made, snap lockdowns were called in regional areas of NSW and Queensland. Support for individuals and businesses in designated hot spots and those businesses affected by outbreaks in hot spots may be eligible for Government support. Businesses can investigate options through their state treasury department and individuals through Services Australia disaster payment program. ## **Business Finance Interest Rate Prospects** As a result of the August RBA decision, our interest rates across our business finance portfolio remain at low levels. While the RBA presented a positive outlook for the economy, not all analysts agree, which is quite normal. One major bank has come out with its own predictions which are not in line with those of the RBA. While the official cash rate is the base rate from which lenders determine their specific rates across their markets, there can be significant variation in rates across the lender market. Lenders that access funds from global sources may face higher costs and hence may increase rates earlier than the RBA has indicated. While cheap across the board, our rates do vary across different loan products as you can see in our [Interest Rate Comparison Calculator](https://jade.finance/). We will always adhere to our cheaper interest rate business approach and have actively sought accreditations with a vast number and range of both bank and non-bank lenders. Having this broad and extensive selection of lenders gives us the capability to access the cheapest interest rate loans from more choices. Across most of our [business](https://jade.finance/business-loans/best-business-loan-interest-rates) and [personal loan products](https://jade.finance/personal-loans/best-personal-loan-interest-rates), we source finance based on a fixed interest rate. For loans for goods such as cars, business vehicles, trucks, boats, motorcycles, caravans and business equipment, that rate is fixed for the entire loan term. Some loan terms can be as long as 7 years. So finance secured at the current low interest rates will not be effected by any increase in lender rates that may come into effect from 2024 – the RBA timeframe for any increase. While authorities agree that the current health scenario has created a level of uncertainty and in some areas it appears it will continue for a while yet, at this point the prospects are positive for a continuation of low interest rate finance. We are operating business as usual to provide lending services nationwide and welcome enquiries for both business and personal finance requirements. **Contact Jade Finance 1300 000 008 for a quote for your business or personal loan requirements** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Data breaches highlight need for new systems? Talk to us about finance to upgrade IT and security systems.](https://jade.finance/blog/data-breaches-highlight-need-for-new-systems-talk-to-us-about-finance-to-upgrade-it-and-security-systems) **Published:** December 5, 2022 **Author:** Publisher **Content:** The threat of hackers, cybercrime and system breaches is a major concern for businesses. While these events have been happening for some time, the issue came to greater prominence in Australia recently with the data breaches to two well-known, large organisations. The Government and security organisations have increased their alerts to both individuals and businesses as a result. **For business owners, recent data breach events in Australia may highlight the need for finance to upgrade IT and security systems and other computer operations.** Individuals and businesses looking to strengthen their systems and protect themselves can utilises the information, tools and resources available at the [Australian Cyber Security Centre](https://www.cyber.gov.au/) for a start. Upgrading computer-based systems may be a preventative measure against the threat of such attacks, but the step can also represent an astute business decision. Newer, more advanced systems can deliver improved productivity, expand capabilities within the operation and open new market segments. With the labour shortage currently being experienced in Australia, increasing the IT capabilities of an operation may assist with any staff shortages also. The outcomes of hacking and data breach attacks can be extremely serious and have long-term repercussions for a business. They can include the cost, time and inconvenience of recovering intellectual property and data, a loss of trade, damage to the business reputation and potentially loss of customers. So the decision to strengthen systems makes good business sense on many fronts. While a great business decision, replacing or upgrading IT can be a considered investment with a significant cost involved. A cost which may require affordable finance which is tailored to meet the needs of the business and work with cash flow. Jade Finance can assist businesses in this regard with workable finance to upgrade IT and other computer-based systems. The timing may be spot-on for strengthening systems with new IT from both the point of view of potential threats and in regard to finance. Further interest rate rises have been indicated will be required by the RBA so taking on finance at current rates rather than deferring the move may represent a savings. In addition, the equipment acquisition may be eligible for the tax benefits available through temporary full expensing. To assist with the decision-making process, we will work through the options we can offer for finance to upgrade IT, security and computer-based systems. ## **Systems Finance** Upgrading systems of this nature typically involve the purchase of both hardware and software. Additional expenses are also usually required to have the systems professionally installed, tested, in some cases commissioned and training may also be required. These separate items may be purchased from the same supplier or different suppliers, at the same time or at different times. Whatever is required, we can work with the business to arrange suitable finance. We offer asset finance for equipment and other business loans for non-asset acquisitions. Where items for the system are acquired from the same supplier under the one invoice, the entire purchase price may be included in the same finance arrangement. Streamlining finance payments and potentially saving the business from needed to use existing funds to pay for some items. Business operators are welcome to have an initial discussion with one of our consultants about their specific acquisition in regard to how best to finance the entire installation. ## **Finance Options** The purchase of the hardware component of the acquisition and possibly the software, may be financed through asset acquisition aka [equipment finance products](https://jade.finance/equipment-loans). These finance products include:- - Lease - Chattel Mortgage - Commercial Hire Purchase - Rent-to-Buy Due to the variations across the selection and the suitability to different methods of accounting and business structures, owners are advised to refer to the business’ accountant for direction on which would best suit their business and their objectives. When purchasing computer and IT systems that need to be replaced more frequently than some other types of equipment, many businesses lean towards Leasing as a more flexible option. Chattel Mortgage is a very versatile form of finance which is used for a wide range of business equipment and vehicle purchases and suits many businesses. An added benefit of Chattel Mortgage in this financial year is its suitability for [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing). This is an accelerated asset depreciation measure which offers very attractive additional tax deductions but is only available until the end of this financial year. For the other expenses associated with a systems upgrade such as technical services to install and commission the systems and training costs, a Secured or Unsecured Business Loan or [Business Overdraft](https://jade.finance/business-loans/business-overdraft) may be suitable finance. We work with individual businesses to structure the overall finance package to suit the specific requirements and negotiate with our lenders for the cheapest interest rates and most workable loan terms. To assist with initial budgeting and to compare finance on quotes from different IT suppliers, please take advantage of our [equipment finance calculator](https://jade.finance/equipment-loans/equipment-finance-calculator) or simply talk to us for a finance quote. **Contact Jade Finance 1300 000 008 for finance to upgrade IT and other computer-based systems.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [COVID-19 Update: Where to now with your buying plans?](https://jade.finance/blog/covid-19-update-where-to-now-with-your-buying-plans) **Published:** July 25, 2020 **Author:** Publisher **Content:** It’s so far been a year full of (mostly unwelcome) surprises thanks to coronavirus and from the daily and sometimes hourly news updates, it appears there is more to play out. But most states have reopened businesses, the economy is in the post-COVID recovery and people are adapting their lives to the ‘new’ or the ‘current’ normal. So we feel it’s a good time to update and inform you on a few issues around consumer loans. Most importantly how to revisit your plans to buy a new car, bike, boat or caravan that may have been on the back-burner for the past few months in the light of what has happened during the coronavirus pandemic. ## **Action Required: Loan Deferrals, Holidays and Waivers** During the start of the economic phase of the crisis, the major banks and many lenders stepped-up to support people with deferrals on their loan repayments. The specific details will depend on individual arrangements made between borrower and lender but the support most commonly offered was either a loan deferral or[ a repayment holiday](https://www.smh.com.au/business/banking-and-finance/extended-repayment-holiday-points-to-a-rocky-economic-recovery-20200708-p55a8a.html). Very few, if any lenders offered a complete waiver of loan repayments. The loan deferrals offered by the banks were mostly set for a period of 4 months and that deadline is approaching or may be upon you right now. If you approached your lender for a loan deferral or other support earlier in the year, now is the time to get in touch with the lender to discuss the next phase. We have been advised by some banks that they are contacting their customers to discuss individual arrangements. Some lenders are extending their assistance to eligible customer for up to an additional 4 months. But we stress, this is on an individual basis, to be negotiated between borrower and lender and is in no way automatically offered or granted. ## **Action Required: Review Credit Report and Credit Score** Now may also be a good time to check your credit report and address any issues in your credit score in preparation for you bike, car, boat or [caravan loan](https://www.jadecaravanfinance.com.au) with Jade Finance. - Your credit score is used by lenders to assess your suitability for a loan. - Your credit report is your credit history and it contains details of each time you’ve applied for a loan and details of your payment history. - What’s in your credit report determines your credit score, but they are separate items. - You are entitled to one free copy of your credit report free each year, though you may have to wait around 10 days. You can request a copy through [Equifax](https://www.equifax.com.au/personal/), [illion](https://www.illion.com.au/) or [Experian](https://www.experian.com.au/). You should only have to pay a fee if you ask for a copy more than once in a year. - You can request your credit score from a number of organisations including [Credit Savvy](https://www.creditsavvy.com.au/), Credit Simple, Finder, [GetCreditScore](https://www.getcreditscore.com.au/) and WisrCredit. - Once you have your credit score and credit report, it’s time to see if anything needs fixing. That is, if there are any mistakes, entries that you dispute or entries that are old enough to qualify for being removed. - Worth noting at this point is that if your bank gave you [loan repayment deferral support due to COVID-19](https://www.ausbanking.org.au/covid-19/), this should not have an impact on your credit rating, provided your repayments were on schedule prior. The banks announced this decision early on in the crisis due to the unprecedented demand for deferrals. - If your deferral period is approaching the end, you should make sure you have arrangements in place with your lenders as after the deferral period finishes, the lender may decide how to report any changes. - There is a process for fixing any issues with your credit report. We refer you to the Australian Government resources at which details the processes and contacts. - Remember, the credit score is based on the credit report. So fixing any issues with the credit report should have a positive impact on your credit score. And a better credit score usually means a better outcome when you discuss a boat, car, bike or caravan loan with Jade Finance. There may be no issues to fix with your credit report, but most authorities recommend you check it on an annual basis. ## **Activating Your Plans** With low interest rates still dominating the financial scene and sellers of consumer goods – car, bike and boat dealers and caravan manufacturers – more keen than ever to move stock, now could a great time to move forward with your plans. - On the motor vehicle scene, there are new models arriving on the Australian market throughout the year and throughout the different car categories from budget to top of the range luxury. - On the boat scene, with all the major boat shows cancelled for 2020, new boat dealers in particular will be relying on traditional channels to attract buyers. - According to industry news, caravan sales have seen an increase due, some think, to border closures and limited travel and holiday options. New caravans are often built to order so if you’re planning a summer caravan holiday, you’ll want to get your order in fast. While browsing any goods online or in the showroom, keep the Jade Finance calculator at hand for a quick estimate on repayments. To be even more organised, contact Jade Finance for a pre-approved loan before you start looking. **To discuss your caravan, bike, car or [boat loan](https://jadeboatloans.com.au/) requirements contact Jade Finance 1300 000 008** *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. INFORMATION ON INDIVIDUAL VEHICLE SPECS IS SOURCED FROM THE MANUFACTURER WEBSITE. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [Consumer Finance: Don’t let FOMO put you at risk of fraud, fault and flaws](https://jade.finance/blog/consumer-finance-dont-let-fomo-put-you-at-risk-of-fraud-fault-and-flaws) **Published:** November 23, 2021 **Author:** Publisher **Content:** The end of 2021 sees a number of influences, both positive and negative, playing into the hands of eager consumers as they emerge from lockdown. Car and boat dealers may be keen to move stock and offering great deals. Cyber Week events are attracting more and more buyers to sales in online platforms. Factors contributing to a sense of urgency include short supply of some boats, cars and caravans due to global supply issues. A message which has been stressed through media channels over the past months. Jade Finance provides hints and tips so consumers don’t let FOMO put you at risk of fraud, fault and flaws in the buying and consumer finance process. One of the major stand-outs at the moment is the alerts issued in regard to cybercrime with eye-watering figures released on the number of people who have been defrauded. While these figures do relate to issues different from the buying we are discussing, it can pay to be aware of the risk. Right at the same time as online shoppers look to take advantage of deals in what is known as Cyber Week, alerts re cybercrime are revealed. As lenders in consumer finance for cars, boats, caravans and motorbikes we identify a number of potential risks that consumers face in regard to finance and how we can assist in minimising the threats. Primarily, faults in not getting the cheapest consumer finance deal possible by not doing research and selecting the cheapest interest rate lender. We outline some of the issues and how our lender services may assist you acquire your goods with the cheapest interest rate loan. ## **Resisting FOMO** Is rushing into a purchase that your gut is telling you doesn’t feel right going to be worth it? Resist the urge to be swayed into an immediate buy by pushy sellers or the fear of missing out by still carrying out due diligence. Research, delve-deep and satisfy yourself that this is a good deal. FOMO applies equally to missing out on getting goods in short supply and to securing finance. Paying over the odds in higher interest rate because you were made an offer from say the dealer on the spot. There can be a temptation to grab it while it’s there for fear you may not be able to get an offer elsewhere. Or you may not be able to secure the goods elsewhere. Another factor for first loan seekers is not having a good understanding of the consumer lending market. Using our [broker-style services](https://jade.finance) can be of significant assistance in addressing many of these issues. With short supply of new cars, buyers are being drawn to the used car market. What’s happened? Prices of second-hand cars has skyrocketed. How can that affect your car loan? In several ways. - Purchase or ticket price may vary from the considered value of the vehicle. - Lenders may not be willing to offer no deposit loan covering the full amount if the price is seen as exceeding the value. - If no deposit finance is achieved, the end of term payout may exceed the actual value of the car. To avoid this, possibly consider making a compromise on your new car selection. Look further afield for other vehicles that will suit your requirements. Or haggle hard with the second hand car dealer to get that price down. Refer to sources such as Red Book for valuations or enlist assistance from a car broker to source the car and negotiate on price for you. Another tip is to use professional motor vehicle lending experts at Jade Finance to source and secure you a car loan that suits the vehicle you are purchasing, whether new or used. ## **Scams to Watch For** The ACCC’s [ScamWatch](https://www.scamwatch.gov.au/) is a great resource to stay across frauds and scams currently operating. Here’s a few tips on what to watch out for:- - Non-existent goods when buying online. - Invoice fraud – paying to wrong bank account because seller’s invoice has been intercepted and changed. Phoning the seller to check bank details prior to transferring money is highly advised. - With used cars and boats, make sure the goods are as originally inspected when it is time to take delivery. Ensure nothing such as tyres and accessories have been changed between the time you viewed and when you take delivery. - Goods not as presented when they arrive. Particularly important for online buyers. - Stolen goods. - Fake reviews and celebrity endorsements. These are rife in many marketplaces. - Unlicensed credit providers. ## **How Jade Finance Can Assist Buyers** If you’re taking on finance to make that major purchase, Jade Finance can provide significant assistance in avoiding some of the pitfalls mentioned above. - Your Jade consultant handles the loan process for you. We source you the [cheapest finance](https://jade.finance/personal-loans/best-leisure-rates) offer to meet your requirements from our vast lender panel of reputable banks and non-bank lenders. - We negotiate on interest rates and other loan conditions to ensure our customers receive the cheapest loan available for their purchase. - We can conduct ID seller verifications and checks of registrations of goods including if they are ‘under finance’. - We provide quick quotes and fast loan approvals to assist buyers capture low-stock items aspa. - We provide pre-approved loans so you can have your finance confirmed prior to visiting a dealership and can then place your order to avoid missing out. The end of the year can be a great time to get a great price on a wide range of goods. But the rush should not mean cutting corners in due diligence and best practice in purchasing goods and in sourcing consumer loans. **Contact Jade Finance 1300 000 008 to discuss consumer loans.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [COVID-19 Update: Changes to Government Measures](https://jade.finance/blog/covid-19-update-changes-to-government-measures) **Published:** July 29, 2020 **Author:** Publisher **Content:** July is usually marked in the business calendar for EOFY, stock clearances and tax and occasionally adapting to new budget policies. But of course 2020 is no ordinary year due to the impacts of COVID-19 situation. July this year has been marked in many diaries as the time when the month was highlighted on the [Roadmap to Recovery by PM Scott Morrison](https://www.abc.net.au/news/2020-05-08/coronavirus-covid-19-scott-morrison-key-moments-roadmap/12228858) as when he hoped the economy would be pretty much reopened and back to a new level of business as usual, with a few exceptions. However, the second wave of coronavirus cases diagnosed in Victoria and new clusters in New South Wales caused a roadblock on the roadmap. Restrictions for many businesses have been re-implemented and some states are tightening not reopening their borders. In addition, July is half-way through the 6 month timeframe for a number of the stimulus and support measures which were introduced in March. In particular, JobKeeper and JobSeeker. The PM and Treasurer stated that these programs were under review and an announcement would be made in late July as to how both would look beyond September. Many businesses and individuals have been banking on these measures continuing so it was all eyes on the press conference on 21 July. [Jade Finance](https://jade.finance) has been staying up to date with developments in both government measures and in the lending sector as much as possible and bringing you updates. In this update we cover off on changes to programs and measures. ## **JobKeeper: Extended But Amended** The JobKeeper program has been hailed as the saviour to the Australian economy throughout the economic crisis caused by COVID-19. It was put in place for 6 months, which on reflection, seemed such a long time way back in March. But as the end date looms, it was clear to all that both businesses and individuals were going to need support for longer. The government has changes and [an extension to JobKeeper](https://www.ato.gov.au/individuals-and-families/financial-difficulties-and-disasters/covid-19/jobkeeper-payment). Here are the basics and we refer you to the ATO website for full details. - The current JobKeeper arrangements will stay in place until the existing 27 September 2020 deadline. - The changes announced will come into effect from 1 October 2020. - Currently all recipients, regardless of hours worked, receive the $1500 per fortnight payment. - From 1 October there will be different payment amounts for 2 different groups or tiers: full time and part time workers. Part time is defined as working 20 hours or less per week. The employment category is defined as what that worker was working on 1 March 2020, not what they are working today. - The JobKeeper program now goes to late March 2021 but the payment amount will be reduced in several stages. - From 1 October 2020 through to 31 December 2020, for workers in the full-time worker category, full timers, the payment will be reduced from $1500 to $1200 per fortnight. On 1 January 2021 this will be further reduced to $1000 per fortnight through to end of March 2021. - From 1 October 2020 through to 31 December 2020, for workers in the part-time worker category, part timers, the payment will be reduced from $1500 to $750per fortnight. On 1 January 2021 this will be further reduced to $650 per fortnight through to end of March 2021. ### Action required:- - Businesses which are currently receiving JobKeeper through to end of September 2020 will not automatically continuing receiving the payments after that time. - Each business will need to go through a reapplication process and demonstrate that they meet the criteria as detailed in the link above. That is, prove they have experienced the percentage turnover reduction for their business category. One would expect that businesses currently on the scheme would be notified by the ATO of the need to reapply but it is advisable not to assume you will receive such notification. Being proactive and seeking the details and preparing would be our advice. ## **SME Loan Scheme: Changes** Another measure which was also introduced early on in the crisis was the Coronavirus Small and Medium Enterprises Guarantee Scheme. This allowed eligible SMEs to access a limited amount of unsecured loans though participating approved lenders with 50% guaranteed by the government. - The scheme has not received the take-up expected by the government so it has also been extended with some changes. - Phase 1 does conclude at the existing expiry time of the end of September 2020. - Phase 2 comes into effect from 1 October 2020 and extends through to 30 June 2021. - Originally the loans were for working capital but that criteria has been expanded to included investment and there are other changes around eligibility etc. - Access the full detail at [https://treasury.gov.au/coronavirus/sme-guarantee-scheme](https://treasury.gov.au/coronavirus/sme-recovery-loan-scheme) If this scheme is of interest to you and you would like Jade Finance to assist you in sourcing your loan, please contact us to discuss. If you would prefer not to be involved in the scheme we can of course source your finance through our normal channels with one of our large number of accredited lenders. No doubt there will be further changes and supports introduced and we will post articles in our news section as they are announced. Meanwhile, if you would like to move forward with your asset acquisition, motor vehicle, truck or equipment finance plans, contact Jade for a quote. **To discuss business finance for asset acquisitions or other business purposes, please contact Jade Finance on 1300 000 008** *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. INFORMATION ON INDIVIDUAL VEHICLE SPECS IS SOURCED FROM THE MANUFACTURER WEBSITE. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [Compare Refinancing Asset Loans with Other Business Finance Products    ](https://jade.finance/blog/compare-refinancing-asset-loans-with-other-business-finance-products) **Published:** February 6, 2024 **Author:** Publisher **Content:** Asset acquisition funding for motor vehicles, trucks, machinery and equipment, is typically secured over long terms, up to 84 months. Allowing what is often a significant acquisition cost to be amortised over as long a timeframe as possible. Making repayments lower and the entire acquisition a cost-effective investment. But over a 7 year period, enterprises can experience changes in operating conditions and other circumstances. Conditions which may require the need for refinancing asset loans. A process of replacing the existing credit arrangement with new a credit contract. When considering such decisions, there are a number of options to be considered. **As commercial credit experts, Jade Finance assists operators compare refinancing asset loans with a range of options and sources a cost-effective solution**. Understanding the processes involved, the interest rates and credit conditions of each option may assist operators achieve their most workable outcome, especially for [small commercial financing](https://jade.finance/business-loans/sme-small-business-loans "small commercial financing"). ## The Basics of Refinancing Refinance involves replacing a current credit contract with a new credit arrangement. The new credit total is requested to cover the full payout on the existing credit, effectively ending that term prior to the scheduled period. The early exit may attract lender fees from the existing lender. Fees and charges will apply from the new lender. These costs need to be factored into the overall cost of the process. The assets would be treated as used and the relevant interest rates, credit conditions and lender approval criteria would apply. This is particularly relevant for the asset to be accepted as security for the new funding. The same asset funding facility as the existing arrangement may be selected or a different product. The features of Chattel Mortgage, Lease, CHP and Rent-to-Own, including the tax benefits and treatment of GST would apply. A balloon or residual would be optional. The same lender may be requested to provide the new funding or a different lender selected. When the new funding is settled, a new repayment schedule is in place. The term and monthly repayment amount may be different from the original funding. The application would be assessed on the current financials. ## Purposes for Refinancing The purposes and reasons that a commercial operation may seek revised funding arrangements can be many. Some of the more common reasons are to get a better interest rate; to restructure for lower or more suitable repayments; to get a different term; and to finalise a balloon or residual. Delving deeper, these purposes can emanate from a range of scenarios. Where the original credit approved as a [Low Doc No Doc commercial financing](https://jade.finance/business-loans/low-no-doc-business-loan "Low Doc No Doc commercial financing") or Bad Credit application and credit profile has improved, more amenable terms and rates could be sought. Conditions on the Low Doc credit may be tying up assets as collateral that the operator would like access to. If the original funding was established when the operation was starting up and a few years the entity is producing impressive returns, better rates and terms may be sought. If an operation has experienced a change in demand for their products and a slump in revenue, the existing repayment schedule may be stressing cash flow. A more workable schedule may be sought. An enterprise may be undergoing significant internal restructuring or changes and a strategic rework of lending on key assets may be part of that big picture process. We work with individual owners to fully understand the circumstances and objectives and source the lowest rates, most workable repayment schedule and terms available. ## Compare Refinancing with Overdraft When replacing an existing asset loan the most common practice is for the new funding to also be an asset acquisition funding product. Overdrafts are primarily for short-term cash flow support and can be a flexible drawing down option. If the reason for seeking to replace existing asset funding is due to repayments stressing cash flow, an overdraft may offer a short term solution until cash flow levels are restored. Leaving the existing asset credit in place. Interest rates on overdrafts are higher than for secured asset acquisition products. Replacing the existing credit with another asset acquisition credit solution would typically be lower rates and more cost-effective. ## Compare Refinancing with Business Loans A secured or unsecured commercial credit product may be another option when replacing asset funding. Where the purpose is to payout a balloon or residual, where the asset is not considered suitable security, or where the amount required is below asset funding threshold, other options may be preferable. Secured or unsecured commercial credit rather than a new Chattel Mortgage or Lease may offer greater flexibility and more suitable terms. The rates, which may be fixed or variable, can be competitive depending on the credit history and assets provided as security. A variable rate option may allow for realising savings should the [Reserve Bank](https://www.rba.gov.au/ "Reserve Bank") and/or the lender cut rates. ## Expert Refinancing Services There are many aspects to take into account when seeking to restructure existing asset acquisition credit. As experts in this field, we know all the options and we have the right lenders. We present all options, including the costs involved, so operators can make a fully informed decision, especially those interest in taking out [sole trader business loans](https://jade.finance/business-loans/sole-trader-car-loans "sole trader business loans"). **For expert services when comparing refinancing options, contact Jade Finance on 1300 000 008 for quick quotes.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Check out the top selling cars for March](https://jade.finance/blog/check-out-the-top-selling-cars-for-march) **Published:** April 11, 2022 **Author:** Publisher **Content:** If you’re on the trail for a new vehicle, keeping an eye on what is selling best each month can be a useful way to keep up to date with the market. The top selling cars lists can open your eyes to cars you hadn’t even thought about or give insight into what others have already decided is the best buy. But then there is the supply matter to take into account at the moment. Anyone who has tried to buy a new car recently knows what we mean. The wait times for many makes and models are months. So the figures released each month for which cars sold best, could actually mean which manufacturer received their shipment to fulfill their outstanding orders. Whatever the intention, checking out the top selling cars each month can be useful and the results for March 2022 have recently been released by the FCAI**.** The [Federal Chamber of Automotive Industries](https://www.fcai.com.au/) (FCAI) releases the VFACTS, sales figures, on a monthly basis. We give you a summary of the results for last month on what models topped the charts and which manufacturer has once again retained top spot in the brand stakes. ## **FCAI March Statement** Tony Weber, CEO of the FCAI, issued the March car sales results media release, noting that the period recorded a small drop in the total number of vehicles delivered compared with March 2021. He said that this outcome could be taken as a ‘relatively stable’ when the challenges faced by the sector on a global basis were considered. According to Mr Weber, this is a historic period for the sector because not the demand but supply was the market determinant. Manufacturers are still recovering from the periods of shutdown in the peak of the pandemic and of course, the microprocessor shortage was still impacting manufacturing globally. The March 2022 results are also particularly notable as it is the first occasion in which two of the leading electric vehicle manufacturers – Tesla and [Polestar](https://www.polestar.com/au/), have reported sales figures. However, it should be noted that the figures reported from Tesla in March actually represent sales for the January-March period. ## **March’s Top Selling Models, Categories and Brands** For March 2022 the results show that SUV sales dropped slightly, passenger cars up slightly as are light commercial vehicles. That is compared with March 2021. But the info that buyers are most interested in is the models and brands which topped the results. In the brand stakes there were few surprises or changes with Toyota retaining its position ahead of the rest. The brands rated on the most vehicles sold year-to-date (that’s covering the 2022 year) are:- 1. Toyota 2. Mazda 3. Mitsubishi 4. Kia 5. Hyundai 6. Ford 7. MG 8. Isuzu Ute 9. Nissan 10. Subaru Now down the real detail and the top selling models for March. Remember, availability plays a big part in vehicle sales figures at the moment. So what sold best this past month does not necessarily reflect top spot in the popularity stakes. Top sellers for March:- 1. Toyota HiLux 2. RAV4 3. Triton from Mitsubishi 4. Mazda CX-5 5. Model 3 Tesla 6. Ford Ranger 7. Hyundai i30 8. D-Max 9. Toyota Prado 10. Corolla In future months with Polestar and Tesla included in the VFACTS results, it will provide a more accurate indication of the sales of EVs. Australia has been slow on the uptake of EVs compared with many other countries. But likely the recent hikes in petrol prices will have buyers having more than a second look at an EV as a buying option. For those considering purchasing an electric vehicle, Jade Finance offers the[ same car loan products f](https://jade.finance/business-loans/business-car-finance)or these as for all other vehicles. The purchase price may be higher than for petrol vehicles but the [interest rate](https://jade.finance/personal-loans/interest-rate-calculator) on our loans certainly is not. ## **Car Finance Option** The stock availability in the motor vehicle market has been a major issue for some time and some dealers are saying it could continue into next year before returning to more normal delivery times. At the same time, a rise in interest rates by the RBA is tipped for June with possibly several increases over the remainder of 2022. With the prospect of a higher interest rate loan by waiting for delivery, it could make sense to take a wider view of the car market and try to purchase asap. Consider other options rather than keeping your heart and head set on the one choice. Jade Finance offers the full range of both personal car loans and business vehicle finance. Business buyers planning to take advantage of IAWO should consider [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) for their finance. To assist all buyers in planning their purchase, we provide free access and use of our car buying tools – Interest Rate Comparison and Car Finance Calculator. To further assist buyers, pre-approved finance is available so buyers are prepared and ready to purchase and capture any vehicles which may be limited in supply. **Contact Jade Finance 1300 000 008 to discuss finance on a top selling motor vehicle** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Check out the latest top selling cars and car finance options to secure yours](https://jade.finance/blog/check-out-the-latest-top-selling-cars-and-car-finance-options-to-secure-yours) **Published:** June 13, 2022 **Author:** Publisher **Content:** While the wait for some new cars has blown out to nearly a year, in May there were nearly 95,000 motor vehicle buyers who did accept the keys to their new cars. The number is down significantly on the same period last year as it reflects the shortages in supply in the new vehicle market but still a sign that it is possible to secure a new car loan. The May car sales figures have been released by the FCAI, so it’s that time to check out the top sellers and consider the car finance options to secure a new vehicle. The monthly new vehicles sales announcements are always of interest to motoring fans and for buyers, can be an indication of which manufacturers have stock. In this current restricted supply environment however, it may indicate which brands received shipments that month. The downturn in sales may be attributed to the supply situation and may also be a result of the RBA making the decision to hike interest rates at the start of May. A decision which may have had certain buyers rethink or pause their purchasing plans. The rate hikes by the RBA will be reflected in motor vehicle lending markets but cheap car finance may still be secured by using professional finance services. Jade Finance provides specialist motor vehicle finance services with a focus on better interest rates to ensure our customers achieve that all-important cheapest rate loan. ## **FCAI May Sales Announcement** The [FCAI](https://www.fcai.com.au/news-and-media/) announced the May new vehicle sales figures with Chief Executive Tony Weber saying that demand continues to outstrip supply of new vehicles in the Australian market. He noted that the global car manufacturing sector continues to be hampered by the shortage of semi-conductors while dealers in Australia and worldwide are hampered by that as well as major issues around shipping. Dealers are reportedly experiencing a strong orders and demand however the actual sales made and keys handed over for new vehicles is completely dependent upon what stock arrives in the dealerships. The FCAI has an expectation that supply chains will not stabilise until such time as the issues on a global basis are resolved. Across the individual states and territories it was only the Northern Territory that posted a sales increase for May 2022 compared with May 2021. All the other regions posted a drop compared to the 2021 period, some up to 11%. In overall terms the May 2022 sales were down 6.4% compared with the same month in 2021. ## **Makers and Models Posting Top Sales** Continuing its dominance, [Toyota](https://www.toyota.com.au/) once again posted the highest number of sales for a brand. But for the first time Kia slotted into second place with fellow Korean manufacturer Hyundai in third for the month. On a year-to-date basis for sales figures the top 10 brands are: Toyota followed by Mazda, then Mitsubishi and Kia, then comes Hyundai and Ford, with MG still in the top 10 with Isuzu Utes and Subaru and Nissan rounding it out. These are results for the delivery of new models as second-hand sales are not included in these figures. When it comes to the top ten models, not surprisingly we see Toyota’s HiLux still out in front and the brand’s RAV4 in second followed by Ford’s Ranger. The tussle between HiLux and Ranger continues. Next in the ten comes more Toyotas – Corolla and LandCruiser, then another trusty work vehicle in the Isuzu D-Max before the next Toyota, the Prado with Triton from Mitsubishi, Hyundai’s i30 and the Mazda CX5 completing the ten. For EVs, the best-selling vehicle for May was the Volvo CX40, a small SUV. Polestar models came in second. Some commentators point out the unavailability of Tesla 3 models in the May as significant. While the medium and large SUVs posted a level of sales growth, in general terms, all categories were down for the month. ## **Car Finance Options** While perusing the best-selling vehicles many buyers will also be keeping a keen eye on their [car finance options](https://jade.finance/business-loans/business-car-finance). With additional rate hikes ahead alluded to by the RBA Board, a sense of urgency may creep into car buying. Buyers requiring finance will be wanting to secure finance as well as a vehicle prior to further rises. Lenders will of course pass on RBA increases according to their own individual corporate guidelines. Specialists in the field will want to remain competitive of course, so spending the time or at least taking a moment to consider the options may deliver a cheaper car loan outcome. Every small percentage reduction in the interest rate can mean quite a meaningful difference in both the overall cost of the car loan and the individual monthly repayments. Refer to our interest rate charts to see exactly what it may mean for the price of the vehicle you are considering. As well as the actual rate another important feature of the loan offer to pay attention to is whether the interest rate is a fixed rate or a variable interest rate. At Jade Finance we secure fixed rate loans for [Secured Car Loans](https://jade.finance/car-loans/personal-secured-car-loans) for our private car customers and on our business finance products – Chattel Mortgage, Lease and Commercial Hire Purchase. A fixed rate on these loans ensures the rate will remain unchanged despite changes made by the RBA. A variable rate loan can change in line with decisions by the RBA. Rates on motor vehicle finance vary across the sector, from lender to lender, and by lenders at different points of time. Which is why our vast accreditations with multiple banks and lenders is so important. This provides you, through us, access to knowing quickly which particular lender is offering the best rate at the time you are making your application. This capability can deliver time-savings as well as a cheaper car loan. No need for our customers to spend their time requesting quotes from multiple lenders to find the cheapest. One call, one quote request and the cheapest car loan offer is delivered. **Contact Jade Finance 1300 000 008 to discuss cheap car finance on a top selling motor vehicle** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Cheap Motorbike Loans for New Harley-Davidson Models](https://jade.finance/blog/cheap-motorbike-loans-for-new-harley-davidson-models) **Published:** April 26, 2022 **Author:** Publisher **Content:** For motorcycle enthusiasts does anything say ‘buy me’ more than the release of a new model from the iconic Harley-Davidson brand? The brand synonymous with the culture of motorcycles since its beginnings way back in 1903. The brand continues to present new, innovative models to stir the emotions to acquire one of, if not THE, most desired motorcycles available. The latest 2022 range of Harley-Davidson models is available and can be acquired with cheap motorbike loans if buyers know where to source their finance. The current low interest rate climate prevailing over the past 2+ years has been a great motivator for riders to upgrade to new machines with cheap bike loans. But interest rates are due to start increasing shortly as the RBA is tipped to move on rates very soon. The new Harley machines are available, we can supply the finance assistance, so get moving on both counts. We cover off on some of the 2022 releases from Harley-Davidson, the loans available to finance the purchase and tips on securing your loan at the cheapest interest rates. ## **2022 Harley-Davidson Models** The star of the 2022 Harley range is the Nightster. Described by the company as an ‘instrument of expression’ this machine features new power and according to reports an attractive entry point into the sport collection from Harley-Davidson. We’ve sourced a few details to share:- - The engine is a new V-twin 975 cc. Produces robust power and strong acceleration through the middle range. - Compact, lightweight and strong construction. - Light ‘feel’ to the machine to improve rider confidence. - Safety features include enhanced electronics: Drag-torque slip control, traction control which is switchable and anti-lock braking. - Riders have a selection of 3 modes of ride: rain, sport and road. - Multi-functional LCD display. - Distinctive styling of the chopped guards, cover of the air intake. - 19” front wheels, 16” rear wheels - Exposed dual rear shocks. - Metallic charcoal powder coat finish with inserts of gloss black. - Colour selection includes trademark shades of black, red and grey. - Selection of accessories are available. Remember to order these at the same time as purchasing the motorbike to ensure your Jade Finance consultant can include the price in the motorbike loan total amount. Who will the Nightster suit? According to Harley-Davidson, The Nightster will be suited to those seeking a nimble and a quick motorcycle that has razor sharp handling. Enthusiasts of this aspirational brand are also tipped to appreciate the feel and the deep heritage which is incorporated in what is quite an understated machine. Harley-Davidson also consider those that are already fans of their classic silhouette in the Sportster model which is now paired with the new engine and with the advanced features will be seeking ownership of a Nightster. To check out the full specs and start planning which accessories to include in your Harley-Davidson Nightster package head to the [Australian website](https://www.harley-davidson.com/au/en/index.html) for the brand. While browsing, use our[ Loan Calculator](https://jade.finance/bike-loans/motorcycle-finance) to work up possible loan repayment estimates based on the RRP which is advertised at around the $24,000 mark driveaway. ## **Securing Cheap Motorbike Loan** Purchasing the new Harley-Davidson Nightster will be much sweeter with a cheap motorcycle loan. Currently interest rates are still at the historic lows but buyers will want to get in fast before rates start to rise. Jade Finance offers the [Secured Motorbike Loan](https://jade.finance/bike-loans) as the most suitable finance product for most buyers of new motorcycles. With this secured loan format, our lender accepts the machine as the security for the loan. We secure the loan at a fixed interest rate over a fixed loan term so the motorbike loan repayments are also fixed. With fixed interest rate loans of this type, the rate remains the same over the entirety of the loan term. Even when the RBA does increase the cash rate which triggers a rise in rates across lending markets, a fixed interest rate motorbike loan will not be impacted. That provides our customers with confidence and an assurance that their repayments won’t change over time. It also provides a level of flexibility if our customers would like to own their bike outright sooner. Additional payments can be made towards the loan which can bring the end of the loan and full ownership to an earlier time. Minimal break fees apply when a loan is repaid early. The cheapest interest rates for motorbike loans refer to new motorcycles and to loan applicants that have a good credit rating. Ensure your credit profile is in the best shape by checking out how any errors can be fixed. Finalising any other loans and reducing any credit card balances prior to applying for a new bike loan may also improve the credit profile and as such attract a better interest rate on the new loan. To be in a position to say YES to buying the new Harley-Davidson Nightster when you enter the dealership, speak with us about pre-approved finance. **Contact Jade Finance 1300 000 008 for a motorbike loan quote to purchase a new Harley-Davidson.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Holiday season alert – be ready to buy at upcoming boat shows & caravan expos – Melbourne, Adelaide, Brisbane, Canberra](https://jade.finance/blog/holiday-season-alert-be-ready-to-buy-at-upcoming-boat-shows-caravan-expos-melbourne-adelaide-brisbane-canberra) **Published:** September 16, 2024 **Author:** Publisher **Excerpt:** Jade Finance assists buyers to be ready to confidently place orders for new RVs and watercraft at boats shows and caravan expos with pre-arranged loans. **Content:** After an early taste of summer at the start of spring, temperatures plummeted across many parts of Australia with a last blast of wintry conditions. But don’t let the changeable weather distract you from the fact that the summer holiday season is not far away. Now is the time to consider a new boat or a new RV, place the order and make the purchase. Buyers still undecided on what to buy, can earmark a number of boat shows and caravan expos coming up in October to see the latest models from leading manufacturers. Major leisure and outdoor expos are happening in Melbourne, Adelaide, Brisbane and Canberra, giving buyers across many states the opportunity to inspect a wide range of products. Great opportunities, but unless you have your financing confirmed, will you be in a position to buy? Jade Finance assists buyers to be ready to confidently place orders for new RVs and watercraft at boats shows and caravan expos with pre-arranged loans. We provide the inspiration and information that buyers need to know about the upcoming events and how to get boat loans and caravan finance organised before even selecting the purchase. ## Upcoming Caravan Camping Lifestyle Expos – Event Details The October calendar of caravan shows kick-off in Melbourne on 3rd through 6th October with the [Caravan and Camping Leisurefest](https://www.caravanshow.com.au/shows/the-melbourne-caravan-camping-leisurefest/) at the Sandown Racecourse. Buy tickets online at the show website, no tickets at the gate. ACT and NSW RV enthusiasts get their opportunity to see the latest from 140 exhibitors over the weekend of 25-27 October with the [Canberra Caravan Camping Lifestyle Expo](https://www.caravanexpo.com/). The focus then moves north to the sunshine state for the [Let’s Go Brisbane Caravan and Outdoor Sale](https://www.caravanqld.com.au/show/lets-go-brisbane-caravan-outdoor-sale/) starting on 31 October. Start planning your visit, purchase tickets at the event websites and talk to us about getting approved for your caravan loan before the show gates open. ## Plan Your Visit to October Boat Shows – Melbourne and Adelaide October is great timing for boat shows, coinciding with the start of the new boating season and when enthusiasts have their minds focused on new watercraft. Victorians have a major event to plan for with the [Melbourne International Boat Show](https://www.melbourneinternationalboatshow.com.au/) happening from 17 to 20 October at Docklands. This is a huge event and organisers report new additions including more marina space and attractions for visitors to enjoy in 2024. For South Australians, start planning to attend the [Club Marine SA Boat and Fishing Show](https://saboatshow.com.au/) which is being held alongside the Adelaide 4WD and Adventure Show. Could be opportunities to look at off-road vehicles to tow your boat as well as watercraft. The dates to diarise are 25-27 October. Plenty of different types of watercraft will be on display including inflatables and wake boats as well as the all-important accessories and extras that enthusiasts love to include on their vessels. ## Planning Loans Ahead of Caravan and Boat Shows Why would you want to arrange your loan before you even decide what boat or RV you want to buy? For a number of very good reasons. Firstly, applying for a loan is not a regular occurring event for most boat and RV buyers. They may not know what is involved and especially if they will be approved to borrow as much as they want to buy the model they want. Applying for a loan ahead of buying, answers those questions. Buyers can take the time to get across the [current loan products](/boat-loans) and decide what is the best option for them. They can go through the credit and financials checks to find out their borrowing power – how much they are approved to borrow. This can allow for keeping buying expectations within budget. Checking out only those models with prices that fit their credit limit. Another important reason is avoiding the downsides of impulse decisions which may be made at boat shows. Yes, you know what that means. These shows can be busy with a lot of visitors, bright lights, shiny new boats and caravans, and plenty of hype. It can be easy for even the most astute buyers to get caught up in the excitement and sign up for a purchase with dealer finance on the day. Finance which may have a higher interest rate than you could be offered from another lender, especially from Jade Finance. Alternatively, placing an order, possibly even making a deposit, only to find the purchase price is beyond your borrowing power. While a cooling off period should allow for such a decision to be cancelled without obligation, it can slow down the purchase process. Having financing pre-arranged also allows buyers to capitalise on any discounts being offered by dealers for orders placed at caravan and boat shows. This is a very common marketing strategy and can be extremely beneficial for buyers. And ordering at an event can save time and expedite ownership. ## How to Apply for Pre-Approved Loans Applications for [caravan finance](/caravan-loans) and boat loans can be made through Jade ahead of time, using either our online or phone application services. The same credit checks and review of financials is carried out and the same loan products and [interest rates](/boat-loans/interest-rates) apply. Buyers only need to prepare an estimate of the funding require and provide us with as detailed a description of the vessel or RV they are considering buying. We’ll handle the rest and deliver you a conditionally approved loan which is valid for a set timeframe. **To get ready to buy at upcoming boat shows and be ready for the summer boating season,** **contact Jade Finance for prior to attending upcoming caravan and boat shows.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Cheap Loans to Realise those NY Resolutions](https://jade.finance/blog/cheap-loans-to-realise-those-ny-resolutions) **Published:** January 4, 2022 **Author:** Publisher **Content:** The start of a new year traditionally means the usual round of resolutions. Some are just dreams and aspirations, some could best be described as *‘really? You’ve got be joking.* Then there are the old favourites – the bucket-list items and the re-runs and re-lists from previous years. Those aside, there are those that make more practical resolutions to buy a new car, to get that first boat, to upgrade their motorcycle or to purchase a caravan for that great Australian travel experience. For those, many will be adding cheap loans to the list. While having those goals is admirable, having a clear plan to achieve those goals is even more impressive. In order to make those types of resolutions a reality, many people will be wanting cheap loans. Cheap loans for cars, boats, motorbikes and caravans can be achieved through engaging with expert lenders to secure the best interest rates and loan conditions. We lay out the steps to assist in making a plan to secure a cheap loan to purchase those NY resolutions. ## **Goals for Cheap Loan Aspirants** Interest rates are key to how much a loan will cost in total over the full loan term. So achieving a loan at the lowest interest rate possible is a key goal. Interest rates in general are at historic low levels so now is seen as a good time to invest in goods with finance. There is a lot of talk in the media about interest rates and these refer primarily to what is known as the cash rate which is set by the [Reserve Bank of Australia](https://www.rba.gov.au/). With that as somewhat of a foundation, lenders then account for their own costs and price their loans accordingly. - Interest rates will vary across the lending market and in some cases for different categories of goods. - Rates can be fixed or variable. Our [secured loans](https://jade.finance/personal-loans/interest-rate-calculator) are at a fixed rate which provides certainty for our customers. - Understand the difference between the advertised rate and a Comparison Rate - Lenders advertise their best rate which will be typically for new goods for applicants with a good credit rating Being approved for a loan term (number of years to repay the loan) that results in affordable repayments is another key goal. We can achieve up to 7 year loan terms on some loan types. The longer the term the lower the repayments but the more total interest accrues on the loan. Having a target monthly repayment amount to aim for is a key part of the loan plan. Having a realistic view on what you can afford to pay on your loan month after month is critical to maintaining the repayment schedule and avoiding the risk of loan default and repossession. ## **Realising the Cheap Loan Resolution** To start the loan sourcing process, buyers can either do all the work themselves and check out the market, request many quotes, spend time on the phone discussing details with banks and lenders and trying to work out which offer actually presents the best value. Alternatively, buyers can engage with a [broker style lender](https://jade.finance) such as Jade Finance and sit back and relax or start sourcing their goods, while our experts find them the cheapest loan offer. The consumer lending market is very large with banks, finance companies, non-bank lenders, BNPL operators, pay day lenders and many others active in the field. While it’s great to have so many options, it can also create confusion for those that may not be across the fine details. We [eliminate the hassle](https://jade.finance/personal-loan-broker) and the time by handling all that for our customers. ## **Types of Loans Available** In the consumer loan area there are two main types of loans – secured and unsecured. Secured loans use the goods being purchased as the guarantee or security for the lender. This type of loan is the most popular and commonly used. Where the goods are not acceptable as loan security, buyers can consider an Unsecured Personal Loan. Pre-approved loans are available on both secured and unsecured loans across all loan categories which include:- - Personal Car Loans - Boat Loans - Motorbike Loans - Caravan Finance ## **Moving Closer to Your Goal** Now it’s time to act on the plan. Matching the price of what you would like to purchase to what the loan repayments may be is a great starting point. It can avoid disappointments and over-extending by committing to unrealistic repayments. To make that process quick and easy, use a [loan calculator](https://jade.finance/personal-loans/personal-loan-calculator). We have conveniently provided a range of calculators on our site to compare what lenders in different areas are offering and to play around with different loan totals and terms to see how they deliver different repayment amounts. Lenders will assess the applicant’s [credit profile](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) and rating as part of the approvals process. Getting a copy of yours and fixing any errors where possible may assist in being offered a better loan. Loan applications require a range of financial information so start getting bank statements and pay slips together so you can complete the application quickly and easily. Cheap loans can make NY resolutions a reality. So stop dreaming and start acting! **Contact Jade Finance by phone 1300 000 008 to discuss your consumer loan requirements** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Cheap Interest Rate Business Loans to Ride out the Wave](https://jade.finance/blog/cheap-interest-rate-business-loans-to-ride-out-the-wave) **Published:** January 24, 2022 **Author:** Publisher **Content:** The majority of Australian states are currently experiencing high cases numbers of the Omicron variant of COVID-19 which is having serious issues not just for those with the virus, but for many businesses. From media reports, it appears that many are striving to ride out the wave by adopting different approaches to their operations. But with government COVID support for business scaled back significantly, many operators may be seeking cheap interest rate business loans to support their operations through the Omicron stage of the pandemic. Businesses are facing a raft of issues which are limiting their ability to operate at peak levels. Staffing issues are the most common problem at the moment. The lack of students and migrant workers available has been an issue across many industries throughout the pandemic. Agriculture and hospitality have been particularly hard-hit by that issues. The high number of cases means many staff are furloughed with the virus. This is significantly reducing the ability to function at peak levels and for the full trading schedule. Medical, aged care, logistics and transport are particularly affected by this issue as is the hospitality sector and no doubt many other operations. Hospitality, entertainment and retail are also being impacted by reduced customer numbers. A key reason being the large number of people in isolation with the virus or as a close contact. But trade has also been reduced, according to reports, by many customers choosing to be COVID-cautious and staying away from venues and retail. Whatever the reason, if your business is experiencing the impacts of the current wave of COVID-19, Jade Finance may be able to assist you with cheap interest rate business loans. ### **Focussed Finance Options** We provide specialist business lender services which focus on the needs of our individual customers while offering a wide range of focussed finance solutions to address specific business pain-points. Working closely with our customers, our consultants source the cheapest loan offers from across our vast lender base. With the capabilities and expertise to cover-off on options from multiple banks and non-bank lenders including specialist lenders, we save businesses time, hassle and money by achieving cheaper interest rate loans. Interest rates in general are currently extremely low across all markets. With the [RBA](https://www.rba.gov.au/) holding the cash rate at the historic 0.5% since November 2020, businesses are enjoying low rates across all business finance products. ### **Business Overdraft** If a business has a short-term cash flow issue, possibly through reduced customer numbers or by having to reduce operating hours due to staff shortages, a [Business Overdraft](https://jade.finance/business-loans/business-overdraft) offers a possible solution. Many businesses operate with an overdraft on an ongoing basis and they can be set-up either over a set timeframe or as an ongoing line of credit. Overdrafts can provide a flexible finance channel to cover ongoing and essential costs when turnover is compromised. Interest is only charged on the portion of the overdraft funds used and only for the time the account is in overdraft. Traditionally banks have been the go-to source for business overdrafts. But they are not the only lenders offering this type of finance. We have non-bank lenders that offer business overdrafts and at very competitive interest rates. For businesses that may have been rejected by the bank for an overdraft or possibly are reticent to approach their bank for whatever reasons, a non-bank lender overdraft could be a very feasible alternative. By engaging Jade, the business owner does not have to handle the lender negotiates or liaising. This will all be done by your Jade consultant which is sure to come as a relief to many business owners worn down by the past few challenging years. ### **Secured and Unsecured Business Loans** While an overdraft can be used for a range of purposes, Business Loans are more focussed in purpose and timeframe. This type of finance can be used to cover purchases of services and goods for which asset acquisition finance is not necessarily suited. The purposes can include growing the business through expanding acquiring stock, recruiting and training new staff, marketing and digital services development and implementation amongst others. A Secured Business Loan may be secured against the goods being purchased or other assets/property may be provided by the business owners. Unsecured Loans do not require security and as such will attract a higher interest rate. Business loans is a quite a general finance category so give us a call to discuss your requirements. ### **Debtor Invoice Funding** The COVID situation is have widespread impacts. That can mean your customers are not in a position to pay your invoices promptly and that can be flowing on to creating cash flow issues for your business. [Debtor Invoice Funding](https://jade.finance/business-loans/debtor-invoice-funding) can be a cost-effective solution to this issue. Funding is provided through one of our lenders to pay the business a set percentage of the invoice value at the time the invoice is issued and the balance when the customer pays the lender. Interest rates and terms are negotiated by our consultants to suit the individual needs of the business. Definitely a possible option to keep in mind. ### **Expert Support Services** The key take-out here is that no matter how small a business or how great a need for finance support, Jade Finance has the expert lending services to source cost-effective, cheap interest rate business loans. **Contact Jade Finance 1300 000 008 to discuss how the business loan options to support your business ride out the COVID wave** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Cheap Finance for Small Business](https://jade.finance/blog/cheap-finance-for-small-business) **Published:** July 8, 2020 **Author:** Publisher **Content:** Are you a small business owner wondering why? If small business is as vital to the Australian economy as we are so often reminded by politicians and other leaders, why do they so often get a rough deal when trying to source finance? At [Jade Finance](https://jade.finance) we’ve heard that many times and we offer small businesses a workable solution to sourcing finance for a wide range of purposes. A professional finance broker service with access to many banks and lenders, including specialist lenders that do welcome small business customers and industry-only lenders that specialise in certain industry sectors. A service that welcomes all sized businesses and works positively towards achieving tailored finance solutions to support those businesses pursue their business plans for growth. We use our strong bargaining power with the lenders to negotiate cheaper interest rates for all our customers, regardless of the size of the business. For small businesses with credit and documentation challenges, we offer possible pathways to access to finance. [According to the Australian Small Business and Family Enterprise Ombudsman](https://www.asbfeo.gov.au/), there were over 2 million small businesses in the country in 2019, likely a lot more now and they employed over 44% of the workforce and represented over 35% of Australia’s GDP. Small business is officially defined by the ATO as having less than $10m in aggregated annual turnover and less than 15 employees according to the Fair Work Australia definition. At Jade Finance we appreciate the role of small business and actively work to assist each individual enterprise to achieve the finance they require. We provide finance for a wide range of business purposes and asset acquisitions including cars, boats, equipment and trucks across all industry sectors. ## **Small Business Finance Types** The size of your business does not determine the type of finance you are eligible for. All commercial finance products are available to both small and large businesses. Our Jade Finance portfolio for the purchase of goods and assets includes:- - Chattel Mortgage - Leasing - Commercial Hire Purchase - Rent to Own What does determine which product is most suited to your business and the goods you are purchasing is how the features of each finance product fit with your individual framework and accounting objectives, in regard to:- - Accounting method used – cash or accruals - Treatment of GST -at what stage of the loan term GST is charged and claimable - Tax deductions – what elements of the loan are tax deductible and which are not - Asset depreciation – usually in accordance with ATO guidelines - Balance sheet strategy – we offer on and off balance sheet options The decision as to which finance type is best made in consultation with your accountant. Regardless of which finance type you select for your acquisition, Jade Finance will assure: - Our cheap interest rate policy - Fixed interest rates for the full term of the loan - Fixed loan term, up to 7 years for some assets - Fixed monthly repayments, negotiated to an amount which works with your cash flow ## **Specialist Solutions** In addition to finance for goods and asset purchases, Jade Finance provides a range of specialist business finance products for small business. **[Debtor Invoicing Funding](https://jade.finance/business-loans/debtor-invoice-funding):** this provides relief for your cash flow from slow-paying customers and frees up funds for other purposes. **Overdraft Finance:** if the bank has rejected your request for an overdraft, we have non-bank lenders that offer an alternative with overdraft style finance. **[Insurance Premium Funding](https://jade.finance/insurance/insurance-premium-funding):** if you’re facing huge insurance premiums payable annually, we have lenders that provide financing which allows you to spread those premiums into quarterly or annual payments to ease cash flow pressure. **Business Loans:** both secured and unsecured loans to cover purchases which may not be included in a commercial finance facility. **ABN Only Finance:** for ABN holders with insufficient documentation to meet the loan requirements of banks, we offer possible solutions. Many small businesses simply put-off investing in new assets or equipment as they perceive the prospect of sourcing the finance required as simply – too hard! At Jade Finance, we don’t think that should be happening so we provide support through our small business loans service. We make small business finance easy. One call and your Jade consultant will source you a quote for your finance and if accepted, handle the paperwork to streamline the process. So let us help you bring forward your plans. **To discuss small business finance, contact Jade Finance on 1300 000 008** *DISCLAIMER: THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.Small business* **Categories:** Information --- ### [Cheaper finance options for Ford Ranger - Car of the Year](https://jade.finance/blog/cheaper-finance-options-for-ford-ranger-car-of-the-year) **Published:** March 27, 2023 **Author:** Publisher **Content:** Buying what experts have judged to be the ‘best’ vehicle in a particular category or classification doesn’t necessarily mean it has to be a costly exercise. **Jade Finance provides cheaper finance for individual personal loans and business vehicle finance on the Drive Car of the Year, the Ford Ranger**. Yes, the Ford Ranger has been awarded the coveted [Car of the Year gong for 2023](https://www.drive.com.au/drive-car-of-the-year/2024/ "Drive Car of the Year New Car Awards - Drive") as judged by the experts at Drive. Winners of Drive’s annual car of the year award program have been progressively announced over the past few weeks. First it was the 21 class categories and finally the highest award for the vehicle considered the best across the winners in the eligible other categories for the year. This is a highly respected awards program and the judges’ decision, both for the top and the other categories, may provide valuable insights for new car buyers. The decision to award the top gong to the Ranger will no likely attract additional attention as this is the first time a dual cab has won the category. The decision also seems to be in line with many buyers already with the Ranger topping the vehicle sales figures for February. To assist potential buyers assess whether or not the Ranger is the ideal vehicle for them, we recap on the judges remarks to put the award in perspective and provide details on how we can assist with cheaper motor vehicle finance. ## Judges’ Remarks The dual cab, 4×4 Ford Ranger was awarded the Car of the Year for 2023 by the judges after intensive testing of the winners of 13 of the categories in the Drive award program. Winners in 13 of the total of 22 categories in this program qualify for the major award. The criteria for the winner includes numerous points but especially the vehicle that has advanced the game most significantly for Australian buyers. An achievement considered to have been made by Ranger in the extremely thorough and consistent approach taken, the technology advances and in how the vehicle drives more like a SUV. This latter feature was especially noted and universally praised by the judging panel. While buyer popularity is not a judging criteria, the dual cab is a distinct favourite in the Australian market. Accounting for a hefty and increasing part of the new vehicle market. The popularity emanating from the flexibility and functionality of this type of vehicle and its versatility to adapt to both work and play requirements. Whether it’s a workhorse on site or a vehicle for family errands and escapes, the dual cab can handle the toughest assignments. ## Ranger Specs Ford may have exited the Australian vehicle manufacturing sector, but this car of the year was designed and largely developed in this country, by the local Ford engineering experts. Primarily by the company’s Melbourne and Geelong teams. It’s sold in more than 180 car markets across the world but has been specifically developed to meet the requirements Australia’s climate and driving conditions. In addition to the Drive awards, the Ranger is also the recipient of Car Expert awards for Ute of the Year and best Value Towing Ute for 2023. There are a number of models in the Next-Gen Ranger line-up for buyers to consider. These include the Wildtrak, Wildtrak X, Raptor, Sport, Platinum, XLS, XLT and others. New features include a tougher, integrated rear box step, larger wheel arches, fender flares, larger width and wheelbase, large LCD touchscreen integrated in the dash and plenty more. Check out the details online and requested a brochure to make your decision as to which model is right for your needs. ## Cheaper Finance for Your Car of the Year The Ranger will appeal to both private and business buyers and our services are available to all buyers. We offer cheaper interest rates on both the [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans) for private buyers and across our range of [business vehicle finance products](https://jade.finance/business-loans/business-car-finance). Rates in general have been increasing and the Reserve Bank may announce further rises in coming months. Even a small variation in the rate can make a significant difference in the monthly repayments. An issue of particular importance with the current cost of living pressures being experienced by many Australians. As we are accredited with over 60 lenders, we have the capabilities and resources to source which lender is offering the cheapest rate with the most appropriate loan product to suit individual customer requirements. And we do it quickly to save you time. With the availability of Rangers being a bit of an issue in recent times, having your finance approved and locked-in quickly could make all the difference in securing your vehicle or having to wait for the next delivery. As a [personal loan specialist](https://jade.finance/personal-loan-broker), we can help you find the best finance deal available, so you can hit the road in your new Ranger sooner. Speak with us before heading for a test drive so we can start the process and get your application approved. **To secure cheaper motor finance for Ford Ranger – the 2023 Car of the Year, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Cheap Car Loans for September’s Best Selling Vehicles](https://jade.finance/blog/cheap-car-loans-for-septembers-best-selling-vehicles) **Published:** October 17, 2022 **Author:** Publisher **Content:** Buying a new car used to be a very exciting experience with buyers sometimes spending multiple days or weekends visiting dealerships to ‘kick the tyres’, take test drives and haggle on trade-ins and discounts with motor dealers. But with supply chains disrupted new car supplies, much of the search for new cars has gone online including checking out the monthly top selling makes and models. With supply still being impacted and with prices of new cars on the rise, buyers can equip themselves by sourcing their cheap car loans prior to visiting a dealership. **With new car prices rising, cheap car loans as offered by Jade Finance can mean the difference between affording the first choice or having to compromise** with a cheaper alternative. Where to start with finding that new car and the cheap car loan? We provide some direction with the September car sales data from the FCAI and info on our cheap car loans. ## **Vehicle Sales Report – September 2022** The Federal Chamber of Automotive Industries (FCAI) has released the [new car sales data](https://www.fcai.com.au/news-and-media/) for September 2022 with the headline on the impressive EV sales. With Tesla now providing data for these reports since August, the figures for the sector may now be providing a clearer picture. The FCAI’s CEO, Tony Weber, says that the strong EV results for the month is a sign that more Australians are showing their commitment to decarbonisation in regard to their transport. The good result is that more than 7,000 battery electric vehicles made their way to buyers in the month. A lot larger number than the numbers for plug-in hybrids and hybrids which totalled 5,000. It all sounds impressive and encouraging but the report notes that the battery part of the sector is only 2.7% of the overall market. New car sales vary across the states with declines in SA, NT, WA and TAS but a 67.7% jump in ACT, 2.9% for QLD and 21% rise in sales for NSW and around the same for VIC. It has to kept in mind that the sales figures reported each month are for the actual number of new vehicles which are delivered to buyers. Many makers are still being constrained with stock supply issues and reports are that many order books are still waiting to be fulfilled. Keep that in mind when we come to the makes and models results. Key trends which have emerged over recent periods have continued with passenger cars continuing down, SUVs still very popular and EVs as we said, on the up. A positive sign for the move to zero emissions in a country renowned for its slow take-up of EVs. Mind you, the pricing and lack of charging infrastructure has not helped attract buyers! With LDV just one of the vehicle manufacturers about to launch their EV ute, it will be very interesting to see if that sector pushes EV sales up significantly moving forward. ## **Models and Makers Making the Top Ten** For those regular followers of monthly car sales figures, there won’t be any surprises with the top brand. [Toyota](https://www.toyota.com.au/) is the number one selling maker again this month. Second place went to Kia, then came Mazda with Mitsubishi rounding out the first five. Ford came in next and reflecting the strong EV sales, Tesla was 7th placed maker. The rest of the top ten included Hyundai, Volkswagen, MG and in tenth place was Subaru. That was the ranking for September 2022 only sales. The YTD (year to date) rankings vary slightly. Toyota is still number one but Mazda comes in second, then Mitsubishi ahead of Kia and then Hyundai. The final five spots go to Ford, then MG, Isuzu with a good performance with D-MAX then Subaru and Volkswagen. Now drilling down to what is most important to many buyers, the top selling models for the month. This may be especially important with the current stock issues, because it may provide an indication of which brands have vehicles available for delivery. The top sellers were Toyota’s HiLux, Ford Ranger, Tesla Model Y, Mazda CX5, Mitsubishi Triton, DMAX, Mitsubishi Outlander, Toyota’s RAV4, Kia’s Sportage and the i30 from Hyundai. Spy a model that you’re interested in purchasing? Let’s talk car loans. ## **Cheap Car Loans Update** Many new vehicles are hitting the Australian market with significant price hikes. This can be put down to a range of factors including global inflation and massive issues around supply of components which could be pushing prices up. Buyers may be finding the vehicle that they had been planning to buy for some time now has price tag which is up to several thousand dollars more than the previous model. Add to that the prospect of further RBA rate rises ahead and a quandary emerges. How to afford it based on previous budgeting and planning or should that selection be scrapped and a cheaper make or model sought? Before compromising, talk to us about a cheaper car loan to make that first choice a reality. We achieve [cheaper interest rates](https://jade.finance/car-loans/car-loan-interest-rates) on both private vehicle and business vehicle finance. The interest rate is critical to achieving a cheaper loan and with the RBA indicating more rate rises are expected, the time to move on that [car loan application](https://jade.finance/approval) could be right now! Pre-approved loans are available for [Secured Car Loans](https://jade.finance/car-loans/personal-secured-car-loans) and business vehicle finance so the loan can be sourced before selecting the car. That can be extremely helpful at the moment as it allows buyers to start looking for a car which is in the price bracket in line with their approved car loan. **Contact Jade Finance 1300 000 008 for cheap car loans on top selling cars.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Cheaper business vehicle finance on top selling utes, vans, SUVs and sedans](https://jade.finance/blog/cheaper-business-vehicle-finance-on-top-selling-utes-vans-suvs-and-sedans) **Published:** February 14, 2023 **Author:** Publisher **Content:** The remarks from the Reserve Bank of Australia Board including its Governor, Philip Lowe, that rates are expected to go up again, could be the incentive for business owners to upgrade vehicles now. The prospect of paying a higher interest rate on business vehicle finance by putting off the decision, could be costly. Especially at a time when costs in general are extremely high due to the high rate of inflation. Another incentive is the deadline looming for the end of [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing "Temporary full expensing"). The general tax deduction of the full purchase price of eligible vehicles in the year of purchase, could be an extremely welcome savings on tax payable when due later this year. Selecting which particular make or model to purchase can be made easier by referring to the rankings for recent top sellers. This data is available across multiple vehicle categories, including those popular for business purposes – utes, vans, SUVs and sedans. **To make upgrading work vehicles extremely cost-effective, Jade Finance offers cheaper business vehicle finance with the best rates sourced from more lenders.** The vehicle lending market is extremely vast and highly competitive and using our broker-style lender services can cut through quickly and easily to secure the cheapest rates. Business vehicle finance is available on all types of vehicles that are approved as business vehicles under ATO rulings. That can include utes and can chassis models for trades and site operators; SUVs for reps that need to carry stock and display materials; light commercial vans for pick-ups and deliveries; and passenger cars such as sedans and coupes for company executive use. Employers can consider Novated Leasing with [Salary Sacrificing](https://jade.finance/car-loans/novated-car-leasing-salary-sacrificing) as an option for providing vehicles for employees. Speak with us about how this could work for your business. ## Latest Top Selling Utes and Vans There was a surprise in the January sales figures with the Ford Ranger outselling the Toyota HiLux. This has happened in 2022 at least for one month, but it is rare for the HiLux to be nudged from top spot. [Toyota](https://www.toyota.com.au/ "Toyota Australia: New Cars, SUVs, 4WDs, Utes, Hybrids") held top selling brand in total sales across all categories. Also worth considering is Isuzu’s D-MAX which came in 7th in the top 10 across all categories. In specific ute segments:- - Utes with a price tag below $100,000, Ford Ranger was first, Toyota HiLux second and Isuzue D-MAX third. - Utes with a price tag above $100,000, the 1500 model from RAM came in first followed by the Silverado by Chevrolet and then Chevy’s HD. In the van market, the data is reported for models below 2.5t and with 2.5 -3.5t capacity. For the smaller vans, the Volkswagen Caddy sold most followed by Peugeot’s Partner and then the Kangoo from Renault. In the larger category, the Toyota HiAce sold most units, followed by the Staria Load and then Ford’s Transit Custom. ## SUVs for Reps, Business Owners and General Purposes Company reps traditionally were supplied with station wagons. But the trend toward SUVs has been so big and resulted in a massive selection with better flexibility and appear to be outshining the humble wagon. Business owners have a choice in style, features and pricing when selecting SUVs. Speaking with us about the business vehicle finance may assist with making the choice as to which SUV will deliver the best cost outcomes for the business. If looking at medium-sized models below $60,000, the top sellers for last month were Mazda’s CX-5, Toyota’s RAV4 and the Outlander from Mitsubishi. In the same size range but above that price point, the Tesla’s Y Model was a best seller, followed by BMW’s X3 and then the GLC from Mercedes-Benz. For larger models but still in an affordable price range below $70,000 take a look at the Everest, Prado or Sorento. Above that price mark, consider the GLE from Mercedes-Benz, BMW’s X5 and Audi’s Q7. To see how repayments may differ if stepping up to the higher price point, based on our current cheap interest rates, estimates can be calculated with our [car loan calculator](https://jade.finance/car-loans/car-finance-calculator). ## Cars for Execs and other Employees If providing a vehicle for an executive, consider the latest top selling passenger cars in the more luxury categories. For a medium size car, consider Tesla’s Model 3 which featured in the top 10 overall best sellers for the month. For larger cars, top sellers included the Stinger, Skoda’s Superb and CSX from Citroen in the less than $70,000 price range. Above that price range, more buyers were attracted to Audi’s e-tron GT, BMW’s 5 series and the EQE from Merc. Upper ## Business Vehicle Finance Options Regardless of the actual vehicle make or model, our portfolio of finance types will apply – Chattel Mortgage, Commercial Hire Purchase and Leasing. As we are accredited with more than 60 lenders in the market, there is no need for business owners to waste their time sourcing quotes from multiple banks and finance companies. Compare our [business vehicle finance](https://jade.finance/business-loans/business-car-finance) interest rates or just give us a call to start sourcing the cheapest offer for your purchases. **Cheaper business vehicle finance is available on all types of vehicles for business use through Jade Finance – call for a quick quote 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Cheap Car Finance and Truck Loans a Buffer for Rising Fuel Prices](https://jade.finance/blog/cheap-car-finance-and-truck-loans-a-buffer-for-rising-fuel-prices) **Published:** March 1, 2022 **Author:** Publisher **Content:** Inflation is surging which is creating a number of concerns for both households and businesses. It is increases the probability that the[ RBA](https://www.rba.gov.au/) will move sooner than expected on interest rates and it is driving up the cost of many goods and services. Fuel prices, while often controlled by other sources including global markets, are on the rise which is putting pressure on budgets. When buying a new car or truck, the full effect of fuel price increases can be offset by selecting a fuel efficient or EV vehicle. But those options are not on your radar, then focus on securing cheaper car finance and truck loans to provide a buffer against the effect of rising fuel prices on budgets by reducing regular monthly outgoings. For business operators with vehicles under finance, rising costs of both fuel and materials may be motivation to review current loans with a view to reducing repayments. There are a number of economic factors including a probable interest rate rise by the RBA and other impacts which are also presenting cost and cash flow challenges for business. We examine how buyers of new vehicles can secure cheaper finance and what options are available for existing loan holders to refinance to reduce monthly loan commitments. ## **New Vehicle Purchases** Securing cheaper interest rate business vehicle finance which also represents attractive tax benefits can be pivotal in the quest to reduce essential business expenses. The [interest rate](https://jade.finance/personal-loans/interest-rate-calculator) is the key component to the overall cost of the finance and the monthly repayments. The objectives of business operators may be to reduce repayments to lower regular, recurring business expenses or to reduce the total interest payable on a loan to increase ROI and value at resale. Achieving the cheapest interest rate offer is influenced by both the lender and the loan applicant. When approached directly by the loan applicant, most banks and finance companies are not in a position to negotiate on interest rates. Whereas a broker-style lender such as Jade Finance, with our bargaining power in the motor vehicle finance market, has greater potential to achieve cheaper interest rates. The choice of lender can also be a factor, which is why we have acquired accreditation with a large number and range of banks and non-bank lenders. Lenders will set their vehicle finance rates based on their own settings and guidelines and rates do vary across the market. The difference in interest rates from one lender to another may only be small. But when that difference is calculated over the entire finance term, the true impact becomes clear. Achieving preferred finance terms can also be critical to achieving lower outgoings. The loan term in conjunction with the loan amount and the interest rate determines the repayment amount. If the objective is a lower monthly repayment then sourcing a lender that will agree to the preferred loan term can be critical. Some lenders will have set guidelines on minimum and maximum loan terms they will approve. Your Jade consultant can negotiate on this aspect in addition to the interest rates. On the application side, businesses can improved their possibilities of being offered cheaper interest rate vehicle finance and preferred terms by addressing issues around their application. Having a [good credit profile](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) is very important and that can be connected with existing debt levels. Reducing other loans and commitments to improve the balance sheet may be beneficial. ## **Refinancing as a Cost-Reducing Strategy** Operators with existing loans, especially [truck loans](https://jade.finance/truck-loans), may consider refinancing as a way to achieve lower loan repayments to ease the pressure on cash flow from rising prices. While there are costs to take into consideration with the process, refinancing can be highly effective. The process entails sourcing a new loan to encompass the remainder owing on the current loan including any balloon or residual and including any fees for early payout. As this is a new loan, a different finance product can be selected and the current interest rates would apply. If the existing loan was secured when interest rates were higher than the current historic lows, the outcome may be significant. The refinanced loan may be structured over a different timeframe and with a new balloon amount. By restructuring, a lower monthly repayment may be achieved which can reduce monthly outgoings and ease cash flow pressure from rising prices in other areas. Rising prices for fuel and on other goods and services are very real and global events and impacts may continue to impact prices and supply for some time. Reviewing finance and loans to reduce the costs to business may present a workable strategy for many businesses. **Contact Jade Finance 1300 000 008 to discuss how we can assist with cheaper new vehicle finance or refinancing solutions to act as a buffer against price rises which are pressuring cash flow** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Car Refinancing: What is it and how can it help you?](https://jade.finance/blog/car-refinancing-what-is-it-and-how-can-it-help-you) **Published:** June 17, 2024 **Author:** Publisher **Content:** ## Preliminary overview In life, there is one thing we can always rely on, and that is change. It emerges in all aspects of our life and can involve positive or negative outcomes. Due to the constant ebbs and flows we experience, it is crucial to have the opportunity to leverage change to enhance our financial situation based on our individual circumstances. And this is where refinancing could be your best friend. If your circumstances have changed since you first took out your car loan, or you’ve started to think you could potentially secure a loan more beneficial to you, it’s a good idea to explore refinancing options. ## What is refinancing and how does it work? In short, a refinance occurs when the terms of an existing loan are revised. This includes the re-evaluation of a borrower’s credit and repayment status and typically happens when interest rates fall. When refinancing, an approved borrower may choose to take out a new loan with a new lender to replace their current car loan, or simply make changes to the current car loan with the same lender. If a borrower chooses to refinance using a new lender, the money that is borrowed off this lender will pay off the current car loan. Following this, the borrower will owe money to the new lender and make regular repayments according to the terms of the new car loan agreement. ## What are the benefits of refinancing my car loan? There are a number of reasons why [refinancing your car loan](https://jade.finance/car-loans/car-refinancing) could be beneficial to you. If you took out your loan with a fixed interest rate, but interest rates have since fallen – refinancing could lower your monthly repayments. This is because you may be able to secure a lower interest rate. Similarly, by refinancing you can extend your loan term which can assist you with your personal cash flow. However it’s important to note that extending your loan term could increase the rate of interest. Another reason refinancing could be beneficial for you is because it may provide an opportunity to take on a loan that doesn’t impose unjustified fees, like monthly fees. These fees often significantly accumulate over a loan term, so if you can reduce or eliminate them, it could help you in the long run. Finally, a refinance could also help you access more flexible loan features. Due to the competitive nature of the car financing market, many car loans offer increasingly flexible terms and conditions. So, by refinancing, you could gain the ability to make additional repayments on your car loan. Some other refinancing benefits you could experience are the ability to add or remove a joint borrower, or deal with a new lender if your current one has not met your expectations. ## When should I refinance my car loan? When and why you should refinance your car loan is up to you. However, if your circumstances have changed, it may be a good time to refinance. Examples of circumstance changes that could warrant refinancing are if your credit score has improved, if you have changed careers, or if you want to add or remove a co-borrower. Another time to consider refinancing could be when you want to reduce your payments or when you are looking for a better deal. An example of this is if interest rates have dropped since you took out your current loan. Even a drop of 2% to 3% points could save you significantly over the life of your loan. However, before refinancing, it’s a good idea to speak to your current lender. ## Will refinancing impact my credit score? The short answer is yes. Refinancing could lower your credit score, but it will be short and minor. In the long run, refinancing could actually improve your credit score. By refinancing, you could significantly reduce your debt and the amount you pay each month, which are two things that appeal to lenders. So although your score will initially dip a few points, it could potentially be back to normal, or better, within a few months. ### How to access your credit score Individuals are entitled to receive a number of free copies of their credit report every 3 months. There are companies that advertise a fee to provide a copy of a credit report. Before jumping in for those services, it may be advisable to consider your free options first. The Federal Government [**MoneySmart**](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) website provides information on where to access a free copy of your credit report. This information includes the contact details for several credit reporting agencies. ## Rounding off Change is inevitable, which is why many lenders offer you the opportunity to leverage change to enhance your financial situation based on your individual circumstances. In short, refinancing your car loan could help you save money in the long run, especially if your financial situation has changed or interest rates have dropped since you took out your current loan. There are a variety of benefits that could be achieved by refinancing your car including greater flexibility, reduced monthly repayments, securing a lower interest rate, ditching unjustified fees, and finding a lender that better meets your expectations. However, when exploring the idea of refinancing your [car loan](https://jade.finance/car-loans), it’s important to talk to your lender or broker about your options and whether or not it is a good idea for you. ## Accelerate your decision to refinance your car loan with JADE Finance If you’re part of the way through a motor vehicle funding term and it’s no longer working for you, speak with our expert brokers about changing to a new funding arrangement that does work for your current situation. For whatever reason you want to refinance, our loan brokers will explore the options and work through the potential benefits with you. At [Jade Finance](https://jade.finance/), we pride ourselves on delivering [better loan interest rates](https://jade.finance/car-loans/car-loan-interest-rates) and a fast-approval application process to quickly get you the information you need. To find out what could be possible for your situation, call us on 1300 000 008 or [Request a Quote](https://jade.finance/free-finance-quote) now. **Categories:** Finance --- ### [Car First or Loan First? Ensuring your vehicle choice meets your car loan repayments expectations](https://jade.finance/blog/car-first-or-loan-first-ensuring-your-vehicle-choice-meets-your-car-loan-repayments-expectations) **Published:** December 21, 2021 **Author:** Publisher **Content:** Buying a new car can be a very exciting experience. Whether it’s browsing online or having a day out in dealerships and showrooms, test-driving the latest models and being intoxicated with that ‘nothing beats it’ new-car aroma, it’s exciting. But it does come with challenges, concerns and second thoughts, especially for those looking to buy with finance. The sales people and that new car smell can be highly persuasive in steering buyers to certain models. But is it affordable? Within your budget? Will repayments be what I expect? There are steps that buyers can take to ensure that the motor vehicle they are looking to buy meets their car loan repayments expectations. As specialists in motor vehicle finance, Jade Car Loans is extremely experienced in working with customers to achieve the car loan repayments that suit their budget. A key to this dilemma is in answer to the question of what comes first – the car or the car loan? We outline the steps that buyers can take to resolve the car price-loan repayments situation prior to purchase. ## **DIY Car Loan Repayment Estimates** The price quoted for the car by the dealer may sound workable for you, but if you intend to apply for a car loan, how will that price tag convert to monthly repayments. Making enquiries and test-driving a car that ends up being way beyond your means can lead to an embarrassing or awkward situation. Especially if you enthusiastically put down a holding deposit before making loan enquiries. On the other end of the spectrum, you may not be fully aware of what cars may come into your affordability range due to the current low interest rates we offer on motor vehicle loans and finance. You may opt for something below what you really want because you think the repayments will be beyond your expectations. So to resolve all these doubts and questions and steer you in the right direction, there are two basic ways to approach this situation: get a whole bunch of car loan quotes or just use our online [car loan repayment calculator](https://jade.finance/personal-loans/interest-rate-calculator). The calculator does only give estimated repayments but when you consider the time saved in not having to approach multiple banks and lenders to get quotes, it’s a no-brainer option. The time element is a very important issue at the moment as many popular car makes and models are in short supply with buyers facing lengthy delivery delays. Any delay in getting your finance organised can mean missing out or being at the end of a long queue. Using our Car Loan Calculator is formatted to be easily used by just about anyone with no particular calculation capabilities needed. Buyers simply enter the price details of the cars they have their eye on, the number of years they would prefer to repay the loan and our current interest rate. The calculator does the rest and immediately displays the monthly car loan repayment estimate based on those figures. If the repayment estimate is higher than expectations – contact us to discuss if the rate or the loan conditions can be negotiated to achieve a lower repayment level or select a lower priced car. The loan term can be varied to deliver a different repayment amount. But approval of loan term that is the number of years to repay the loan, is subject to our individual lender guidelines. If the repayment estimate is much lower than expected, possibly consider the upgraded model or say thanks Jade, and call us to get the application process underway. ## **Prepare with a Pre-approved Car Loan** Another proven method of ensuring the car loan repayments for the car of choice will meet expectations is to speak with us about a [pre-approved car loan](https://jade.finance/approval). This involves proceeding with the loan application process on a no-obligation basis, prior to committing to the car buy. The loan amount can be estimated and finalised when the purchase is finalised. We process these applications through to ‘approved’ status. This gives our customers confidence that a) they are approved for their loan, and b) they have a confirmed monthly loan repayment amount. Confidence that allows buyers to proceed with signing the purchase contract as soon as they source their vehicle of choice. The interest rate on pre-approved car loans is the same as for loans applied for after purchase commitment and the same set of loan features and benefits apply. It is worth noting that our car loan products are available at fixed interest rates. This is significant as it provides certainty over the full term of the loan. If the RBA does move on increasing the official cash rate in coming years and during the car loan term, any increase in car loan interest rates would not impact a fixed interest rate loan which is already in place. Shopping for a new car does not have to be a hit and miss process when it comes to matching price with car loan repayments. Using our calculator and talking to us about a pre-approved car loan are both proven steps to ensure you secure the loan and the car that works for you. **Contact Jade Finance 1300 000 008 to discuss new car finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Can I Make Extra Payments on My Loan?](https://jade.finance/blog/can-i-make-extra-payments-on-my-loan) **Published:** June 11, 2020 **Author:** Publisher **Content:** When our customers have us arrange a personal loan for them to purchase cars, boats, motorbikes or caravans we’re often asked if they can make extra payments in addition to the monthly repayments. Fair question. When organising a loan, most people will request a repayment level based on their financial circumstances at that time. Over the term of the loan, those circumstances may change for the better and people are in a position to pay off more of their loan. The idea being, they will pay it off sooner and the boat, car, motorbike or caravan will be theirs sooner. The simple answer to the question is that YES, with both Personal Secured Loans and [Unsecured Personal Loans](https://jade.finance/personal-loans/unsecured-personal-loans) you are permitted to make additional payments. BUT there is a cost-benefit analysis to consider which we will cover off on for you. In these educational articles, our intention is to present the facts and raise some issues for you to consider. If you feel you require expert advice on your individual situation, we recommend you consult with your financial advisor or accountant. ## **Analysis: Cost-Benefit of Extra Payments on Consumer Loans** - Both Secured Loans and Unsecured Personal Loans allow extra payments to be made in addition to the scheduled monthly repayments. - This applies to consumer loan categories: cars, boats, bikes and caravans. - In making these additional payments you will be paying off the loan before the expiration of the loan term. Some loan types attract what is known as ‘break fees’. - Break fees are a fee charged by the lender for ending a loan before the fixed loan term. - Unsecured Personal Loans have a variable interest rate and no break fees. If your loan is an unsecured loan then making extra payments will not attract fees. You pay out the loan earlier, own the goods in full sooner and save money on the interest you haven’t had to pay for that extra time. - Secured Loans however, do incur break fees, usually minimal. How much? That question we can’t answer in this general forum as the fees will vary across lenders and may vary across different loan types. - Your lender can provide details on break fees on your specific loan. - If you know the break fees, you can then do the basic maths to work out what you save on the interest you won’t have to pay by finishing the loan early and decide if there is a significant financial benefit. - Once you’ve weighed up the options, another consideration is what could you use that extra payment money for? That is your decision. - If you do wish to make additional payments, contact your lender to ensure you have the correct account details and reference to deposit the additional funds. ## **Consider Your Loan Structure** While the opportunity to make extra payments, ie additional funds becoming available, may occur at some time through the loan term, it is always advisable to give due consideration to your loan structure at the outset. When discussing your loan with your Jade Finance consultant, repayment amounts is a key part of the conversation. Asexperienced finance brokers, we have greater flexibility to structure loans to meet individual requirements. Take time to consider if you should pay more in your repayments from the outset and as such, pay less in total interest and payout the loan earlier and likely avoid any break fees. A higher repayment may be an option worth considering. ## **Broker Benefits** As brokers, we provide our customers with significant benefits when structuring a Personal Secured Loan or an Unsecured Loan. While the banks and many finance companies must adhere to their strict internal lending guidelines, [Jade Finance](https://jade.finance) has more flexibility. Our large lender base gives us more options to source your loan and we know which lenders will be more flexible in negotiating loan terms. We work differently and take a proactive approach to [sourcing the best interest rates and the best loan terms](https://jade.finance/personal-loans/best-personal-loan-interest-rates). We hope this article has been helpful in answering your questions and if that means we’ve ticked all your decision boxes around a car, boat, bike or caravan loan – give us a call and let’s get your loan process underway. **To discuss consumer loans for cars, boats, bikes and caravans please contact Jade Finance 1300 000 008 for a confidential and obligation free conversation.** **Categories:** Information --- ### [Caravan Show Season: Pre-Show RV Finance Guide](https://jade.finance/blog/caravan-show-season-pre-show-rv-finance-guide) **Published:** February 22, 2022 **Author:** Publisher **Content:** After many shows cancelled in 2020 and 2021, the RV industry is revved-up and ready to go for the 2022 caravan show season. Caravan, RV, outdoor and lifestyle shows and expos are great opportunities for manufacturers to showcase their new models and ideal for prospective buyers to see many brands in the one place at the one time. Prior to attending a caravan show, prospective buyers can do themselves a favour by preparing and particularly pre-arranging their RV finance. The [Gold Coast Caravan and Outdoor Expo](https://www.caravanqld.com.au/show/gold-coast-caravan-and-outdoor-expo/) is one of the first for the year so we take a look at what attendees can expect from this popular event. To assist caravan show attendees to plan and prepare their show visit we have a guide of tips and hints which we share. ## **GC Caravan Expo – Set to Go** The Gold Coast Caravan and Outdoor Expo is just days away, to be held over three days, 4-6 March at Metricon Stadium. On the Friday and the Saturday hours at 9am to 5pm and for Sunday the show will be open 9am to 4pm. Tickets are required and available only via online sales at the even website. Adults $14, Concession $12 and free for school-aged children with an adult. Prior to attending, visitors should refer to the COVID-19 restrictions which apply to this event. Restrictions may vary as they are eased so make sure you have your vaccination proof ready if required. Visitors will have more than 100 exhibitors to catch up with over the 3 days. That’s a great opportunity for those intent on buying at the show or at least narrowing down their wish list. Unfortunately Jayco and New Age will apparently not be on display but plenty of other big and new brands will be showcasing. Exhibitors include Supreme, Viscount, [Bushtracker](https://www.bushtracker.com/), Avida, Regent, Harvok, Avan, Horizon and Frontline in the caravan category. For those looking for a new camper or a slide-out, you’ll have the chance to catch-up with the representatives from Cub, Traycon and Ultimate for starters. And of course RVs and motorhomes will be well represented over the 3 days. Apart from inspecting vehicles to purchase, the GC show is a great opportunity to brush up on some essential skills with masterclasses on weighing and towing being staged. So get onto the website and book your tickets and if you’re keen to buy, get onto Jade Finance for a pre-approved caravan loan. ## **Pre-Show Visitor Guide** Pre-show planning and preparation is important to ensure that you achieve your objectives during your visit to all caravan shows. If a key goal is placing an order for a new caravan, then there are actions you can take to ensure you are well-positioned to sign the sale contract on the day. Caravan shows are extremely popular attracting large numbers and with caravan stocks limited in recent times, the competition to get in first with an order can be fierce. Buyers with finance already confirmed may be the ones that get first chances on models with limited availability. Pre-approved caravan finance is available through Jade Finance on our most popular and versatile loan product – the [Secured Caravan Loan](https://jade.finance/caravan-loans). The process of applying is the same as when applying after making a purchase deal. The key difference being that applicants do not always know exactly which vehicle they want the finance to purchase or exactly how much the caravan will cost. So the loan amount is guesstimated and the application processed for that amount. When estimated the loan amount, remember to allow for accessories and options that may want to include on your caravan. Including these at the point of purchase and in the purchase price may allow your Jade consultant to include the costs in the overall caravan loan. The interest rate and other loan conditions are the same as post-sale loans so there is no downside in that regard to a pre-approved caravan loan. The upsides are many. Reassurance knowing your application has been approved for a set amount of the loan so you can proceed to order with confidence. This also saves you time in not having to have an initial conversation with a caravan dealer then go away to arrange finance and then come back to make the final commitment. Depending on that timeframe, availability and price may change! ## **Top Hints for Caravan Show Goers** In addition to pre-arranging caravan finance, we have a number of other tips for show attendees:- Refer to the event website prior to review the list of exhibitors and make a list of which you are definitely keen to meet with. If you have a specific interest in purchase, try to set an appointment time with the representatives. Ensure you have the [Jade Finance Calculator](https://jade.finance/caravan-loans/caravan-loan-calculator) quickly accessible on your smart phone. In the situation where you are offered finance from a dealer, you can immediately refer to our calculator to see how much cheaper our loan offer may be. Put our contact number 1300 000 008 into your contacts so you can call us for quick quotes from the show. The Gold Coast show is just one of the first on the 2022 caravan show calendar with the big one at Rosehill a few months later. So now is a great time to be across the planning and especially to start talking pre-approved caravan finance with us. **Contact Jade Finance 1300 000 008 to discuss pre-approved caravan finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Buying a new car? Latest Best Selling Cars to Consider](https://jade.finance/blog/buying-a-new-car-latest-best-selling-cars-to-consider) **Published:** February 8, 2022 **Author:** Publisher **Content:** With strong indications that the official cash rate is highly likely to be increased possibly this year, those considering buying a new car will be keen to move those plans forward. Any change in the cash rate will usually flow through to lending sectors including motor vehicle finance. To assist in deciding which vehicle to purchase, reviewing the best selling cars lists can be a at least a starting point. The [latest car sales figures](https://www.fcai.com.au/news-and-media/news/) are in, for January, and can provide great ideas for anyone in the market for a new car. Who doesn’t want to know what others have already decided is a good buy, a great deal and what is currently popular. But when reviewing vehicle sales rankings at the moment, it’s worth keeping in mind issues around supply and also what the figures represent. Best selling cars figures are based on the number of vehicles sold and actually delivered to customers in the period. There are dealers which have good orders but delivery is delayed due to the global supply issues. The best sellers are also not the best cars on the market as judged by experts in awards style events. But what is popular with buyers is certainly worth checking out. ## **Overview January Figures** The total cars sold for the month of January this year is a decline on the number sold in January last year. A 4.8% decline was recorded. As mentioned above and as stated by Tony Weber, the Chief Executive of the [FCAI](https://www.fcai.com.au/), the microprocessor shortage and stock issues is having an effect on motor vehicle sales. Mr Weber also mentioned that the interest in buying new cars remained strong despite the current issues impacting local availability of some makes and models. The monthly car sales figures are reported in total units with the comparison percentage change on the month in the previous year also given. The figures vary across the states, in many ways this likely reflects the varying impacts of Omicron and restrictions in different states. Tasmania recorded the only increase up 15.4%. The other states and territories recorded a drop in sales from 1.6% to 13% ## **Leading Makes and Models** In taking in this data, don’t forget the stock availability issue! The top brand based on sales across all categories is [Toyota](https://www.toyota.com.au/). Second was Mazda, third Mitsubishi, fourth Kia, followed by Hyundai to make up the top 5. Overall Models: Toyota HiLux came out on top following strong competition from the Ford Ranger in late 2021. Ranger is in second, Mazda CX5 was third, followed by Mitsubishi Triton and then Toyota Prado. The MG3 topped the light category in the passenger car segment then came Mazda 2 and Kia Rio. The MG is extremely competitively priced and clearly in tune with buyers. The Hyundai i30 sold the most in the small category followed by the Toyota Corolla and then the Mazda3. If you’re in the market for a medium sized car, follow other buyers and check out the Toyota Camry. It topped the sales figures in its category. The compact SUV is a very popular vehicle as it multi-tasks and suits both recreational requirements and the weekly grind. The Mazda CX3 came out on top on sales for January in this class. ## **Selecting a Loan to Suit the Car** For most new car buyers, the search for the [best car loan](https://jade.finance/car-loans) is as important as the search for the best vehicle. The range of loan types available is different for private car purchases and business vehicle acquisitions. Jade Finance offers the complete portfolio of finance options so we have the best loan for all buyers. The selection of loan choices for new car buyers includes:- - [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans) for buyers purchasing cars for private use - Chattel Mortgage Motor Vehicle for business vehicle buyers. This type of finance is best suited for those seeking to claim temporary full expensing with their purchase. - [Motor Vehicle Lease](https://jade.finance/car-loans/car-leasing) for business buyers. A very popular form of finance and the lease payments are tax deductible. - Commercial Hire Purchase for business buyers, sometimes named as Hire Purchase by some lenders. Business buyers are recommended to refer to their accountant in deciding which finance product best suits their specific business objectives. Our consultants will then handle the entire finance process for you. All Jade Finance car loans include:- - Pre-approved loans available - No deposit finance available - Fixed interest rates available on all these finance products from Jade Finance - Cheap interest rates available across our portfolio - The best and cheapest loan sourced from across a vast selection of motor vehicle lenders - Terms negotiable to best suit buyer requirements - Balloon/residual option on business vehicle finance To assist with coming to a buying decision when comparing different cars, use our car loan calculator. It quickly shows you the estimated repayment on the purchase price of the car. With stock a major issue for some models, it can be a very good idea to have your finance confirmed with a pre-approved loan before presenting to a dealership. With your loan sorted you can immediately proceed to place your order and possibly capture the car you want even when stock is limited. **Contact Jade Finance 1300 000 008 for loans on best-selling cars** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Business Loans. Prevention as much as Solution](https://jade.finance/blog/business-loans-prevention-as-much-as-solution) **Published:** March 19, 2021 **Author:** Publisher **Content:** Finance for many businesses is perceived primarily as a burden. But an essential onus that must be taken on as a solution to a financial or expenditure problem. Loans are seen as a cure to a business own debt problems and thoughts of taking on the burden of debt can be the worst fears for many business operators. Finance can be seen as a last resort. But in reality, that is not always the case and in fact, business finance can be equally a preventative measure as a solution to an existing problem. Business finance is the lifeblood that keeps many businesses and entire industries and economies ticking along. Finance can be utilised for highly valued and important prevention purposes as much as a cure for ills or problems. Your business doesn’t have to be ‘in trouble’ or in dire straits to consider taking on finance. The actions by the Federal Government during the pandemic can be perceived as an example of both sides of the story. At the start of the COVID-19 crisis, they quickly moved to implement a massive stimulus package which placed a huge debt on the country’s coffers but prevented significant failures and fallout for individuals and businesses. Preventative measure or solution? Both really and no doubt opinion will be divided on that example – no discussion will be entered into! At [Jade Finance](https://jade.finance) we focus on assisting businesses with both curative and preventative finance options. Providing a full range of finance facilities and working with individual operators to identify both where finance can be a solution and where it can work as a preventative measure. We work to help businesses achieve their financial objectives through a wide range of lending options. What’s holding you back from realising the true potential of your business? From delivering the output and performance targets that you feel you should be hitting? To meet key objectives, business owners need to know what finance options are available to their business and have easy access to the loan products which are specifically designed to suit specific purposes. ## **Prevent Credit Issues** There are two sides to credit. Most businesses provide credit to their customers by waiting a certain time for invoices to be paid for goods and services. But the business also needs credit from its suppliers in meeting their bills. If the balance isn’t right, it can lead to credit issues. If a business fails repeatedly to pay its bills on time, it can lead to the supplier making a negative report on the business to credit agencies which can lead to a bad credit rating. A bad credit rating can be extremely damaging to a business in many respects. Taking preventative action through seeking appropriate finance can avert a potentially bad credit situation from occurring. If you are in an industry sector where your customers typically do not pay invoices according to a payment schedule that meets your needs, then Jade Finance has a finance product that may suit your requirements – [Debtor Invoice Funding](https://jade.finance/business-loans/debtor-invoice-funding). Debtor Invoice Funding is a specialist finance facility where we set up an arrangement for you with one of our lenders to take on the burden of your outstanding customer invoices. The lender pays you an agreed percentage of the value of the invoice at the time the invoice is issued to the customer. The customer pays the lender in due course and when the bill is finalised, the lender pays you the balance. So for a small fee and the interest charged on the monies outstanding, your business receives timely payment. Payment allows you to meet your commitments and prevent your business from getting into credit problems. ## **Preserve Cash Resources** When it comes to acquiring machinery, cars, vehicles and equipment, a business can use its available cash to purchase the goods or take on debt. Is the loan a debt burden or is it a preventative measure? By taking on a loan, especially at the current [cheap commercial interest rates](https://jade.finance/business-loans/best-business-loan-interest-rates), a truck loan, motor vehicle finance or equipment finance protects the business cash position. Cash may be better utilised in other ways within the business or may be needed to make wages and other essential payments. Jade Finance offers the full range of commercial finance facilities – Chattel Mortgage, [Equipment Loans](https://jade.finance/equipment-loans), Rental and [Car Loans](https://jade.finance/car-loans) for business equipment and vehicle purchases and for refinancing purposes. Solutions that can preserve existing cash reserves. ## **Avert Cash Flow Shortfalls** Cash flow shortfalls are a very common occurrence for all sized business. A dip in sales coinciding with the arrival of unexpected or large expenses can quickly and easily impact a business cash flow situation. Cash flow shortages can then flow on to the business not being able to meet its commitments to suppliers and utility providers which then has the potential for creating a credit rating problem and long-term negative effects. Jade Finance offers a number of preventative measures to address cash flow issues. Our [Business Overdraft facility](https://jade.finance/business-loans/business-overdraft) is a very popular option for many businesses. An overdraft can be structured in a flexible, cost-effective format to provide the business with an ongoing line of credit to prevent cash and credit problems. While bank overdrafts are commonly sourced by businesses themselves, where this is not an option, Jade has access to non-bank lender overdrafts. Another extremely useful finance options are our [Insurance Premium Funding](https://jade.finance/insurance/insurance-premium-funding). Insurance premiums on equipment, indemnity and other policies can be large and usually due in one annual payment. Finding that money in one hit at a time can often be a challenge. Our IPF offers the opportunity to spread those payments into quarterly or 6 monthly instalments. Thus preventing the strain on the cash flow of paying it annually. ## **Avert Productivity and Output Dips** Ageing machinery or equipment can represent a potentially serious problem for business. If it becomes unreliable or costly or no longer has the capacity to meet the demands of your customers or your market, it may be more of a liability than an asset. Taking on a loan to invest in new machinery and equipment can be an astute preventative action. Upgraded, new equipment can boost or at least maintain the output and productivity you expect and prevent downturns that may affect profitability and viability. ## **Avoid Missing Opportunities** Finance has a significant role to play in ensuring businesses can capture opportunities as they are presented and prevent problems and issues occurring across many areas of their operations. Our [business loan broker](https://jade.finance/business-loans/business-loan-broker) consultants are available to work with you to source and structure finance to prevent cash flow and other issues causing problems for your business. **To discuss your preventative finance options, contact Jade Finance Call 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Business Loan Eligibility: Can I get the lower business interest rate on my personal loan?](https://jade.finance/blog/business-loan-eligibility-can-i-get-the-lower-business-interest-rate-on-my-personal-loan) **Published:** September 18, 2020 **Author:** Publisher **Content:** If you’re asking that question, you’ve been eagle-eyed and noticed that for some purchases, we offer a lower interest rate for businesses than we do for personal loans. So it’s a fair question that you should wonder why and how you can get the lower rate. [Jade Finance](https://jade.finance) operates in both the personal (consumer) loan market and in the business finance sector for a range of purchases and purposes. As we’re active in both sectors, we offer different interest rates in areas where personal and business finance are both applicable. This is a common and standard practice across the lending sector. While we hold firm that we offer better interest rates across the board, our business rates are lower than the personal/consumer rate for that category. But with many individuals acquiring ABNs so they can operate a hobby business, sell their wares online, set-up their own operations, participate in the gig economy, work as a freelancer or contractor or for another purpose, they may be wondering does holding an ABN automatically make them eligible for business finance as opposed to personal loans. Or on the flip side, as ABNs are relatively easy to acquire, can you simply get an ABN and then get the business interest rates? In this article, we’re addressing those questions in an explanation of what is required to be eligible for business finance and the options available for those who don’t meet all the criteria. ## **Interest Rates: Personal v Business** First a quick update on how interest rates are set. The ‘official interest rate’ is the benchmark set by the [Reserve Bank of Australia](https://www.rba.gov.au/) and this determines the rate that lenders can source their funds. It is not the rate that borrowers can achieve on their loans. Individual banks and non-bank lenders then set their own interest rate for various loan categories for both consumer and business finance. These rates are based on their exposure to that sector, how much business they write in that area, if they specialise in say motor vehicle or [marine finance](https://jadeboatloans.com.au/) or, for example, if they focus purely on business trucks and equipment. It also depends on what they pay for their funds. In general, businesses are seen as having a lower risk assessment compared with consumers and hence are afforded a lower interest rate. Businesses tend to have greater assets or are well-founded as ongoing concerns and less likely to default on their loans. When it comes to sourcing individual loans, your Jade Finance consultant negotiates the interest rate with the individual lender to get you the cheapest rate. Lenders will make an individual risk assessment based on your credit profile and other loan details in your loan application. This process applies to both consumer and business finance. ## **Business Loan Eligibility** In order to be eligible for business finance, applicants must meet a set of criteria with levels and inclusions varying from lender to lender. While holding an ABN is an essential requirement for a business loan, you must be a ‘business’ even if a micro operation, there are other considerations and requirements. Lenders require ‘docs’ which refers to financial documentation relating to the business. They want to see that the business is a viable and profitable concern and a good risk in terms of being in a position to meet their loan commitments for the term of the loan. If the applicant does not have all the ‘docs’, Jade Finance may be able to source a Low Docs or [No Docs loan](https://www.jadecarloans.com.au/no-docs-car-loans-for-business-vehicles). These loan categories also include what is known in the industry as ‘ABN-only’ loans. That is, loans based on only having an ABN and not all the usually required documents. The [motor vehicle finance](https://www.jadecarloans.com.au/business-car-finance) area that is car loans, is probably the loan category where many people may be questioning whether or not they can achieve a business interest rate loan. A lot of newly acquired ABN holders might be setting up a new business and new a vehicle of some sort to operate the business. This may apply to tradespeople that are branching out to start their own business, individuals transitioning from employee to self-employed and semi-retirees that still want to be actively engaged but on a part-time, contract or freelance basis. In order to qualify for in the standard business loan category, you can expect to be requested to produce:- - ABN and identification - Registration for GST and recent BAS statements - Financial accounts usually prepared by a professional accountant - Business tax returns If you cannot produce this level of documentation to support your loan application, your Jade Finance consultant will discuss the alternative options which may include a Personal Secured Loan or Low Docs or No Docs Business Finance. ## **ABN Only Options** Low Docs, No Docs and ABN only loans may be achievable and your Jade Finance consultant will strive to source you a workable loan. This type of loan usually and may include:- - Being registered for GST is preferable. - A higher interest rate than the interest rate for fully documented loans in the same category. - Additional deposit may be requested by the lender to be paid by the borrower to reduce the loan amount. - Some level of accounts be presented, even figures compiled by the business owner. - Other security additional to the goods being purchased required or personal guarantees. - Loan limits in total loan amount and terms may apply. ## **Sourcing the Right Loan** Purchasing a vehicle or other goods with a loan under your business entity may allow the business to realise the tax benefits offered by that type of finance. So pursuing a business loan may be very important to ABN holders and other small businesses that don’t meet all the criteria for standard business finance. Alternatives such as personal loans may also be considered. To make decisions in regard to your individual personal financial position, Jade Finance recommends you consult with your financial advisor or accountant. Once you’ve made the decision as to which type of loan – personal or business – best suits your purpose and your objectives, your Jade consultant can get to work to source you the cheapest offer at the best interest rates. **To discuss your finance requirements please call Jade Finance. Call 1300 000 008** *DISCLAIMER: THE INFORMATION PROVIDED IN THIS ARTICLE IS FOR GENERAL INFORMATIVE PURPOSES AND NOT INTENDED AS FINANCE ADVICE. INDIVIDUALS SHOULD REFER TO THEIR FINANCIAL ADVISOR OR ACCOUNTANT FOR ADVICE IN REGARD TO THEIR INDIVIDUAL FINANCIAL DECISIONS AND SPECIFIC CIRCUMSTANCES. DETAILS IN REGARD TO GOODS, SERVICES AND GOVERNMENT OFFERS AND POLICIES HAS BEEN SOURCED FROM PUBLIC MANUFACTURER AND SUPPLIER WEBSITES AND GOVERNMENT RESOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS OR MISREPRESENTATION OF INFORMATION AND DATA OBTAINED FROM THESE SOURCES.* **Categories:** Information --- ### [Business Finance Update: September](https://jade.finance/blog/business-finance-update-september) **Published:** November 7, 2021 **Author:** Publisher **Content:** As millions Australians arm up for their COVID-19 vaccination in anticipation of and with the promise of greater freedoms for the double-vaxxed, businesses forced to close during lockdown may be reviewing their situation as they prepare for re-opening and the next phase of living with COVID. For those considering investment in new or upgraded equipment, the finance situation is looking good with low interest rates in place and investment incentives still on offer through Government initiatives. In this issue, we cover off on a range of current topics relevant to business finance across multiple sectors. ## **RBA September Decision** At the 7 September Board meeting, the [RBA](https://www.rba.gov.au/) decided to keep the official cash rate on hold at the 0.1% level but to extend the timeframe for the bond buy program at a rate of $4 billion per week from mid-November to at least the middle of February 2022. This change in the timeframe reflects the effects on the economy of the Delta variant outbreak across multiple states over the past few months. In the statement accompanying the decision, the RBA Governor Philip Lowe notes that the economy had considerable momentum prior to the current Delta outbreak and the unemployment figure had dropped to below 5%. But as a result of the outbreak and resultant lockdowns, it was expected that September quarter would record a fall in GDP and a rise in unemployment. But it is expected this decline would be temporary. A delay not a derailment of the economic recovery. However, uncertainty exists around the timeframe and the pace for the expected bounce back. The RBA expects the bounce back from the current outbreak to be slower than that recorded earlier in 2021. To read the full statement [www.rba.gov.au](https://www.rba.gov.au/) ## **National Accounts: June Quarter** The June Quarter National Accounts were released in late August and showed a 0.7% growth in the economy for the period. Treasure Josh Frydenberg said this result was above the expectations of the market and was ahead of what was forecast in the budget. While the Treasurer stated that the results showed the resilience of the Australian economy in bouncing back from COVID, the comments were made against the backdrop of the two largest state economies facing extended lockdowns as a result of the Delta outbreaks. While only 29 days of the June quarter figures were during lockdown, the full impact of the outbreak would be seen in the September quarter figures but no doubt being felt by businesses at the time. September quarter figures will not actually be released until early December but a 4% drop in GDP is anticipated and the Treasurer admits the figures will be challenging. ## **Global Impacts** While the focus for many is on local issues and impacts, businesses in many sectors are also feeling significant effects from global events. Supply chains continue to be disrupted due to COVID and the microprocessor chip shortage which is hitting manufacturing facilities around the world. Order books for many goods including motor vehicles, trucks and equipment are filling for local dealers but buyers face delays in delivery. Local manufacturers also face delays being unable to receive key components necessary for their production lines. For many there is no quick fix for this situation so finding ways through via cash flow finance or embracing new processes and procedures to generate sales and income are options. If you require cash flow support finance, speak with Jade Finance about the solutions we can offer to support your business. ## **Investment Incentives** [Temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) is available through to June 2023 for eligible businesses making acquisitions of eligible business equipment. This is an accelerated asset depreciation initiative and requires the equipment to be acquired via an appropriate finance product. [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) is a finance facility which allows the asset to be depreciated and is available for the purchase of motor vehicles, trucks and a wide range of plant, machinery and equipment. Chattel Mortgage attracts the lowest interest rate of the portfolio of business finance products and we can source and structure highly cost-effective deals for all sizes and types of businesses. ## **Embracing and Employing Innovation** Challenging times such has been experienced through most of 2020 and 2021 require a rethink in order to keep on track and actually ahead of the game. Businesses are encouraged to embrace innovative ways of production and carrying out their activities. In particular in regard to digital technologies. The current situation has placed additional emphasis on online purchasing and click ‘n collect and businesses need robust systems in order to effectively provide these services to customers. If your tech systems are not up to scratch to compete in your sector, speak with us about finance to acquire the latest IT and digital systems to gain that much-needed competitive advantage. ## **Bumper Harvest Time Forecast** Many growers and producers around the country are facing a much-appreciated bumper harvest season but may also face labour shortages which can impact output and prices. [Investing in machinery](https://jade.finance/equipment-loans/agricultural-loans) to increase productivity may present an attractive prospect to optimise the harvesting period. Manufacturers such as John Deere have recently launched several new and impressive models to assist growers to maximise their harvest. Speak with is about cost-effective finance deals on agricultural machinery and equipment. With the prospect of better times ahead as the country approaches those key vaccination targets, be assured that Jade Finance is in a position to continue to support businesses with cost-effective finance to capture new opportunities and to adapt to a changing operating environment. **Contact Jade Finance 1300 000 008 to discuss your business finance requirements.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Business Finance: Reminder to Reset, Refocus and Re-address Opportunities](https://jade.finance/blog/business-finance-reminder-to-reset-refocus-and-re-address-opportunities) **Published:** October 28, 2021 **Author:** Publisher **Content:** And suddenly it was August. What? Yes, the last few months really have disappeared or whizzed by in a whirlwind of coronavirus outbreaks, snap lockdowns, extended lockdowns and even a shock 14 day pause on construction in areas of NSW. State by state, Delta has been causing disruption to businesses of all sizes in many industries. What business opportunities and finance are available? During all this, business owners have needed to prepare for the end of the financial year, some while working from home. While there has been a lot to deal with on a day to day basis, we want to provide this timely reminder to businesses not to forget the tax measures on offer in regard to asset acquisitions. The enthusiasm and positivity which accompanied the [Federal Budget](https://budget.gov.au/index.htm) announcement of the extension of the temporary full expensing scheme, aka Instant Asset Write-off may have been dulled by recent other distractions. We encourage business owners and operators to re-address these opportunities so as not to miss out on the benefits to the business available. ## **Re-address Budget Measures** Rewind to May or even further back to October 2020 and recall the Treasurer Josh Frydenberg announcing the extension and expansion of Instant Asset Write-Off into the format of temporary full expensing. At those times these measures sparked the interest and grabbed the attention of many business owners. But with other matters to deal with, those asset purchases have had to be put off and remain in the pending file. Now could be the time to get moving and make them happen. [Temporary full expensing](https://www.ato.gov.au/) is available for eligible asset acquisitions by eligible businesses. The type of assets which may be eligible for your business include cars and work vehicles including utes, SUVs, passenger cars, light commercial vans etc; all categories of trucks from light through to heavy duty; marine vessels used in a business; and a vast array of equipment, plant and machinery used across most industries. The attraction of temporary full expensing is the business being able to depreciate the full purchase price of the asset (hence the full expensing title) in the year the asset was acquired. Depreciation meaning fully deducting the price of the asset as a tax deduction. The usual process, when an accelerated asset acquisition is not available, allows for only a percentage of that asset value or purchase price to be depreciated/deducted each year. Depending on the value or price of the asset, it may take multiple years for a business to realise the complete deductibility. With such a significant deduction as a vehicle or major item of equipment, the taxable income of a business can be significantly reduced. Meaning – less tax payable. If the deduction results in the business recording a loss for the financial year, then no tax may be payable. A loss made in the current financial year may make a business eligible for another benefit – [Loss Carry Back](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/losses/loss-carry-back-tax-offset). Discuss this with your accountant as it involves profits made in earlier financial years. ## **Review Finance Options** In order to be in a position to reap the benefits of temporary full expensing, the assets need to be acquired using a suitable type of commercial finance. While we offer the [full portfolio of commercial finance products](https://jade.finance/business-loans/best-business-loan-interest-rates) – Leasing, Chattel Mortgage, Commercial Hire Purchase and Rent to Own, it is [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator) that is considered most suited to businesses looking to claim temporary full expensing. As we have detailed in a number of articles, temporary full expensing involves depreciation of the asset, whether that be a car, marine vessel, truck or an item equipment. Depreciation applies to assets which are owned by a business by way of being posted to the business balance sheet. It does not mean completely owned, the asset can be under finance. With Chattel Mortgage the ownership of the asset is accepted immediately by the business borrowing the funds and the asset accepted as security or a guarantee against the funding by the lender. This accounting procedure allows for the asset to be depreciated under temporary full expensing or the schedule in force at the time. With [Leasing and Rent to Own](https://jade.finance/equipment-loans) the asset remains under the ownership of the lender until the borrower completes all payments. As such, the borrower is not in a position to depreciate that asset. Another appealing feature of Chattel Mortgage is the low interest rate that this form of finance attracts. The lowest across the range of asset acquisition commercial finance products. Refer to our Interest Rate Comparison Calculator for the category of assets you are considering to see the varying interest rates we are offering. ## **Recap on Interest Rates** To close out this reminder article we recap on the current interest rate scenario. The official cash rate remains at the historic low of 0.1% which is flowing through to extremely attractive lending rates on commercial loans. Rates on business finance can vary across different categories of assets being cars, marine, trucks and equipment, and can vary across the lender market. With our [vast accreditations](https://jade.finance/equipment-loans/equipment-finance-broker) we have the capacity to source widely to ensure our customers are offered the cheapest interest rate deals appropriate to their acquisition and the application. So time to put the current issues around other things aside momentarily and spend some rethinking time on how your business can realise the benefits of the current tax measures in place. Final word – temporary. The ‘temporary’ in temporary full expensing means that this measure is not in place permanently but only for a set period. **Contact Jade Finance 1300 000 008 to discuss the finance options for your business asset acquisitions.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Business Finance for the Challenges of this New Year](https://jade.finance/blog/business-finance-for-the-challenges-of-this-new-year) **Published:** January 8, 2021 **Author:** Publisher **Content:** While 2020 was a year most just want to forget and move on, it appears it won’t be quite as simple as flipping the calendar to a new month. The coronavirus is still lurking in some locations, the threat of a cluster outbreak is very real,[ borders are on a revolving open-shut cycle](https://www.health.gov.au/topics/covid-19/travel) and complete vaccination of the population is quite some way off. So it appears businesses are going to have to continue with the versatile, adaptable and flexible attitude they adopted to navigate the COVID-19 challenges of 2021 into 2021. How individual businesses bounce back from 2020 into prosperity and growth in 2021 may be even more significant than how they dealt with the challenges initially presented by COVID throughout 2020. Finance is essential to many businesses and your approach to your business finance may be key to your success in 2021 and beyond. At [Jade Finance](https://jade.finance) we are committed to working with all types of businesses – from the smallest sole traders and owner operators to the largest corporations – to provide cost-effective finance solutions to not only support the business but to contribute to growth and productivity. ## **Take a Broader ‘Lenderscape’ View** When you’re focussing closely on your specific business and all the small aspects that can have a big impact, don’t use that same narrow viewpoint when assessing your finance requirements. In simple terms, if you’ve always just contacted the bank for finance, don’t limit your finance options to just that bank or just any bank. Through Jade we give you a panoramic view of the ‘lendingscape’. The major banks are only one part of the very extensive [business finance](https://business.finance) market in Australia. There is a large number of non-bank lenders, some that specialise in particular industries or particular sectors that can be highly flexible with loan offers. Taking a broader view of the lenderscape doesn’t require a lot of effort or time. In fact, it takes less time. Using a broker style lender such as Jade Finance provides you direct access to many lenders and opens the doors to our industry-only sources. Jade is accredited with both major banks and non-bank lenders so we can source the cheapest option from a vast selection in the lending market. ## **Consider all Product Options** If you’ve always opted for the same loan product every time you’ve needed a business loan, then perhaps it’s time to consider more of what is on offer. As part of the Federal Budget, the Australian government introduced a number of measures, most associated with asset depreciation. In order to take advantage of these measures a business would need to select the appropriate finance product. For example in the case of [Instant Asset Write-Off](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/simpler-depreciation-for-small-business/instant-asset-write-off) and temporary full expensing that would mean purchasing the equipment with a Chattel Mortgage. Jade offers the full scope of business lending products – Leasing, [business car finance](https://jade.finance/business-loans/business-car-finance), Chattel Mortgage, CHP, Rent to Own and Novated Car Leasing – for you to consider. Have the conversation with your accountant around which loan will deliver the most effective outcome for your business. ## **Take Advantage of Low Interest Rates** Interest rates across all lending sectors are currently at historic low levels. These rates are expected to remain low at the moment. Taking advantage of this situation by investing in new business vehicles, trucks and equipment now will provide you repayments at those low rates for the full term of the loan. So putting off those investment decisions to a future time may result in a loan at a higher rate. Jade Finance provides business finance for acquisitions at fixed interest rates with fixed loan terms and fixed repayments. So a finance contract arranged now will remain in place and the same for all the years of the loan term. ## **Address Specific Issues with Specific Solutions** Not all business finance requirements relate to the acquisition of goods such as vehicles and equipment. Some businesses need finance to meet specific issues. Jade Finance is a broad-based lender offering finance solutions beyond asset acquisition. If you require finance for short-term cash flow shortages and the bank is unable to assist you, speak with us about our [Lender Overdraft product](https://jade.finance/business-loans/business-overdraft). This operates in a similar way as a bank overdraft but is established through a non-bank lender. If perhaps you face huge insurance premiums on some of your policies and finding the funds to pay the premium, we offer [Insurance Premium Funding](https://jade.finance/insurance/insurance-premium-funding). This allows finance to pay insurance premiums in several instalments rather than one payment. Another major issue for many businesses, especially SMEs, is getting payment from your customers. We have a solution which may suit you – [Debtor Invoice Funding](https://jade.finance/business-loans/debtor-invoice-funding). Speak with one of our consultants about how this works and if it may be a solution to an ongoing problem for you. For many other general business requirements, Jade Finance provides both secured and [unsecured business loan](https://jade.finance/business-loans/unsecured-business-loans) for a range of purposes. **To discuss finance for your business challenges, contact Jade Finance for an obligation-free discussion. Call 1300 000 008** *DISCLAIMER: THIS INFORMATION HAS BEEN PREPARED FOR THE PURPOSE OF GENERAL INFORMATION AND IS NOT INTENDED AS FINANCIAL ADVICE OR THE ONLY SOURCE FOR THE PURPOSE OF MAKING INDIVIDUAL FINANCIAL DECISIONS. IF A READER CONSIDERS THAT THEY REQUIRE ADVICE ON THEIR FINANCIAL SITUATION, PROFESSIONAL ASSISTANCE AND ADVICE SHOULD BE SOUGHT FROM A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISINTERPRETATIONS OR ERRORS IN DATA, CONTENT AND INFORMATION AS SOURCED FROM OTHER PARTIES. THE INFORMATION PRESENTED IS FOR GENERAL INFORMATIVE PURPOSES AND READERS ARE ADVISED TO FOLLOW UP INDEPENDENTLY.* **Categories:** Information --- ### [Business Compliance Finance Solutions](https://jade.finance/blog/business-compliance-finance-solutions) **Published:** August 4, 2020 **Author:** Publisher **Content:** Complying with regulations, rules, workplace issues, safety and legislative rules and guidelines is an accepted but sometimes quite costly part of operating in many industries. Some sectors such as transport, hospitality, medical, food production, construction and especially dangerous industries have arguably some of the strictest workplace rules, for good reason. There are times when governments and statutory authorities introduced new laws and changes to regulations in response to events or changing conditions. Often these changes can be brought in with very little notice and with relatively short time-frames for businesses to adapt their operation to be fully compliant. Non-compliance can result in hefty penalties. Compliance can be a costly part of doing business and adapting your operation, your production line, and your processes can put unexpected pressure on cash flows and disrupt the achievement of financial objectives. You may need to invest in new machinery, upgraded equipment, in hardware or software systems, in implementing new techniques. [Jade Finance](https://jade.finance) offers a range of business financial solutions which may assist business which need finance for compliance. ## **Finance for COVID-Safe Compliance** Apart from the usual regulations faced by many industries, the COVID-19 situation has also thrown many industries unexpected curveballs in regard to their compliance with the COVID-safe requirements. Across Australia, businesses are being required to out into place tough new restrictions in regard to their operations. - For some operators it has meant changing the shape and structure of the usual operations with major investments in additional or upgraded equipment. - For some it means they need to install software systems which enable them to record attendees at venues. It may mean the cost of additional staff for monitoring, marshalling and additional cleaning processes such as for gyms and hospitality. - For medical facilities and especially the aged care sector, it may mean expanding facilities and the added cost of PPE. For office-based businesses wanting to bring staff back to work, you could be faced with re-designing your entire workspace. - For transport companies, the border closure regulations are significantly adding to their costs. - For retail, it’s all about physical distancing signage and constant monitoring to ensure customers are adhering. - Food processing plants are being closely scrutinised following several COVID-19 outbreaks with many facing the prospects of physically reorganising their operations to allow for physically distanced operations. - For construction and production, adopting more automated processes with through an investment in new equipment may be an option. All this additional cost of COVID-19 compliance comes right on the back of a long-term business shutdowns in most states and territories and while in regional areas, many are still recovering from the effects of drought and bushfires. It’s at these challenging times that the services of a [professional finance broker](https://jade.finance/business-loans/business-loan-broker) become even more significant to your business. Having your Jade Finance consultant handle your finance solutions while you concentrate on running the business and have us deliver you a cheap finance deal can be a very valuable business asset. ## **Financial Solution Options** Jade Finance offers a number of finance options which may be the solution to your compliance financing requirements. ### **Equipment and Machinery Finance** For all types of equipment purchases and asset acquisitions, we provide cheap interest rates loans with a range of commercial finance facilities:- - [Equipment Chattel Mortgage](https://www.jadeequipmentfinance.com.au/chattel-mortgage) - Commercial Hire Purchase - Leasing - Rent to Own All equipment loans are based on our cheap interest rates with fixed loan terms, fixed repayments and terms structured to individual business requirements. ### **Debtor Invoice Finance** If the additional costs of compliance are putting pressure on your cash flow and you’re waiting too long for your customers to pay you, [Debtor Invoice Finance](https://jade.finance/business-loans/debtor-invoice-funding) could be a solution for you. Refer to the details on our web page and speak with one of our Jade consultants about sourcing you a quote and proposal on how this could work for your business. ### **Refinancing** If you are currently repaying a number of loan contracts for cars, trucks or business equipment, or loans that were taken out at much higher than the current interest rates, refinancing may be an option worth considering. Your Jade consultant will discuss your specific requirements, seek a quote to refinance your existing loans. ### **Unsecured Business Loans** To assist businesses with purchases of non-tangible requirements or through short-term cash flow shortfalls, Jade Finance offer unsecured business loans through our many banks and non-bank lenders. ### **Business Overdraft** We are accredited with non-bank lenders that provide non-bank overdraft facilities to business. The process to set-up a non-bank overdraft is similar to a traditional overdraft except the funds are made available through a lender not the bank. Have a conversation with a Jade consultant as to whether this may be the solution to your cash flow shortfall issues. Jade Finance is committed to assisting and supporting Australian businesses with finance solutions sourced at the cheapest interest rates from our large number of banks and lenders. Whatever your requirements, have a confidential discussion with one of our consultants as to how we can assist you. **To discuss your finance requirements, contact Jade Finance on 1300 000 008** *DISCLAIMER: THIS INFORMATION IS FOR GENERAL CONSIDERATION ONLY. INFORMATION FROM MANUFACTURERS, GOVERNMENT, INDUSTRY AND OTHER SOURCES HAS BEEN GATHERED FROM THE PUBLIC DOMAIN WEBSITES. NO LIABILITY IS ACCEPTED FOR INTERPRETATION OF PRESENTATION OR ERRORS IN CONTENT. READERS ARE ADVISED TO CONSULT WITH THEIR FINANCIAL ADVISOR OR ACCOUNTANT IN REGARD TO FINANCIAL DECISIONS IN REGARD TO INDIVIDUAL REQUIREMENTS.* **Categories:** Information --- ### [Boat Show To Go Full Throttle for Unforgettable Entertainment Extravaganza](https://jade.finance/blog/boat-show-to-go-full-throttle-for-unforgettable-entertainment-extravaganza) **Published:** June 17, 2024 **Author:** Publisher **Content:** Glamorous, Immersive, and luxurious – Australia’s boating blockbuster is back. Showcasing the latest-and-greatest of boating technology and equipment, the Sanctuary Cove International Boat Show is the boating lifestyle event of the year. And it’s expected to be even bigger in 2024 as the event welcomes aviation acts to promote August’s Pacific Airshow Gold Coast. Set to go full throttle from May 23-26, SCIBS is expected to draw 102 global and Australian marine product debuts, more than 330 exhibitors, 700-plus boats, and 2500 marine products. In addition, visitors will be able to look to the sky to witness aviation spectacle, and see the Airshow’s custom designed plane on display. To celebrate the 35th year of the event, our expert marine finance brokers will be in attendance, ready and waiting to assist you with your next marine purchase or other financial endeavour. Whether you’re dreaming of a vessel for leisure and recreation, pursuing your favourite sports, as a business venture, or if your whole world revolves around the water – our brokers will be able to source you the best watercraft loan deal to suit your individual requirements. If you are planning to travel interstate for the biggest boating event in the southern hemisphere, we can’t wait to meet you. By selecting us for your next marine loan, our nationwide coverage means you will receive the added advantage of having a company that can handle your marine purchase wherever you are located in Australia, and wherever the watercraft you want to purchase is. At SCIBS, keep an eye out for us. We won’t have a stall this year – we will be on the ground walking amongst the sensational marine products on offer. With the launch of a $18.6 million fast-cruising yacht, a revolutionary catamaran, and a world-leading fliteboard – we can’t wait to be part of the action. ## Jade Finance Marine Lending Products On Offer Offering new and used boat finance, [houseboat and yacht finance](https://jade.finance/boat-loans/yacht-and-houseboat-loans), [no docs finance](https://jade.finance/boat-loans/no-doc-low-doc),[ jet ski loans](https://jade.finance/boat-loans/jet-ski-finance), refinancing and more – our super cheap low interest offers, easy application process, and turnaround times are what we are known for. Our consumer and commercial loan products include [chattel mortgage](https://jade.finance/boat-loans/boat-chattel-mortgage), [commercial hire purchase](https://jade.finance/boat-loans/commercial-hire-purchase), [boat lease](https://jade.finance/boat-loans/boat-lease), and [secured](https://jade.finance/boat-loans/secured-boat-loan) and [unsecured boat finance](https://jade.finance/boat-loans/unsecured-boat-loans). Get in touch with one of our dedicated [expert boat finance brokers](https://jade.finance/boat-loans/boat-loan-broker) today to find a deal best suited for your individual circumstances. Come see us at the show – tickets are available online at [www.sanctuarycoveboatshow.com.au](https://sanctuarycoveboatshow.com.au/) ## Why Should I Partner With a Broker at JADE Finance? With over 25+ years of experience, [Jade Finance](https://jade.finance/) has a large office of fully qualified, well-trained, licensed professionals who are committed to their clients through the peaks and troughs of the ever-evolving financial services industry. With new players constantly emerging, and existing companies expanding their products and offering – Jade Finance is a strong, stable company that you can trust to uphold your best interests. To get in touch with one of our brokers, call 1300 000 008 or [Request a Quote.](https://jade.finance/free-finance-quote) **Categories:** Information --- ### [Beyond the Ballpark: Hacks & Hints for Using Loan Calculators](https://jade.finance/blog/beyond-the-ballpark-hacks-hints-for-using-loan-calculators) **Published:** September 8, 2020 **Author:** Publisher **Content:** To cater for our on-demand, click and have, info in an instant society, loan calculators have become a must-have for any organisation offering business finance and personal loans, including [Jade Finance](https://jade.finance). Banks, finance brokers, finance companies, suppliers that offer finance, many car and truck dealers and manufacturers, caravan manufacturers, car makers, boat brokers and manufacturers and equipment manufacturers have loan calculators on their websites. We have loan calculators on all our websites for all our loan categories covering boats, cars, trucks, motorbikes, caravans and equipment. In providing a loan calculator, we always stress that a loan calculator generates a ballpark estimate. It is not a loan quote. For a firm quote on a specific loan you will need to contact Jade Finance and one of our consultants will assist you. So how useful are loan calculators? What can they provide ‘beyond the ballpark’ estimate? ## **Utilising a Loan Calculator to the Max** When considering a major purchase which involves finance, essentially most people want to know *‘can I afford it?’* in terms of *‘what will it cost me per month?’* Usually the rough estimate from the calculator provides sufficient information for most people to either move forward or pause the purchase process. But beyond that basic use, calculators are an extremely useful finance resource when used correctly and can be very effective in planning your personal purchases and business acquisitions. - Use for [personal loans](https://jade.finance/personal-loans) and [business finance](https://jade.finance/business-loans/commercial-loans). Calculators appear quite a simple device and they are easy to use. But their use is not limited to simple loans. They can be used for more complex business finance which may have longer loan terms and include a balloon or residual. - Making price-based comparisons. When tossing up between two or a few different brands or models with significantly different prices, you can use the calculator to immediately see how that price differential converts into possible loan repayments. See how that $1,000, $5,000 or $50,000 more on the price tag may mean to your monthly outgoings. - Assess accessories, options and upgrades. Enter the increased loan amount for the purchase price plus any extras you’re considering and see how that impacts the repayment. Should you add car or truck rego into loan or pay it separately? Should you upgrade to the higher level of vehicle with the options pack? Should you include the cost of commissioning machinery in the finance deal? The calculator may assist in finding the answer. - Trade-in: If you have a trade-in for a truck, car or boat purchase, the dealer may offer you either take that off the purchase price and therefore reduce your loan amount or give you the cash. You can use the calculator to quickly estimate the difference in using the trade-in as a deposit or borrowing the full purchase price, where permitted by the lender. - Comparing interest rates: Vary the interest rate you enter into the calculator and see how that changes the repayment. You’ll quickly appreciate the importance of achieving the cheapest interest rate through Jade Finance for your finance by seeing how even the smallest variation can be significant over the term of the loan. - Individuals have different strategies when it comes to finance. Some aim at finalising the loan faster and paying less interest by opting for a shorter loan term and higher repayments. Others prioritise the lowest possible monthly repayment. The calculator easily shows you how the repayment differs when you change the loan term. - If the lowest monthly repayment is your target, you’ll have an idea of what interest rate you’ll need to achieve to reach your target monthly commitment. - Comparing lenders: If you are shopping around for loan quotes rather than having your Jade Finance consultant do all the work for you, you can use the calculator to compare offers and get a total cost of the loan. Calculate the full cost of a loan by multiplying the monthly repayments by the number of months in the loan term. Remembering there will be lender fees and charges to be added in but it will provide an estimate. - Use the calculator as a business planning tool: Generate finance estimates for budget planning and forecasting, preparing forward accounts estimates and reports and when preparing proposals on new ideas and projects for further discussion with colleagues, your team, board or business partners. - . - Assist with refinancing: Use the calculator to receive an estimate of repayments on your existing loans at our current Jade low interest rates. ## **Structuring Your Loan** Our Jade Finance [personal loan calculator](https://jade.finance/personal-loans/personal-loan-calculator) is particularly useful for pre-structuring your loan. - Personal Loans: decide if you need to pay a deposit or larger deposit to bring the repayments within your affordability realm. - Business: vary the balloon/residual amount and loan terms in the calculator to see how repayments vary. This will provide you valuable information on how you may like your business finance deal structured by your Jade consultant. Making your own decisions ‘behind the scenes’ before you speak with your Jade consultant may expedite the purchase process. Being able to give your consultant a detailed briefing will save time in sourcing you different quotes based on different parameters around loan terms and repayments. ## **Mobile and Remote Access** Our Jade Finance calculator can be utilised strategically and discretely. It can be accessed from devices with internet access so you can use it while at the dealership, at the auction or negotiating price with a private seller. You can quickly see how repayments will vary if you manage to negotiate an extra discount off the purchase price. ## **Avoiding the Traps** The key to the effectiveness of using a calculator is to read and fully understand the terms and conditions and disclaimers. Especially remember that this is a generic device and cannot estimate the impact of issues around your individual requirements, fees and charges by individual lenders and other issues specific to your loan application. And it’s not an offer of a loan or a loan application. Use the calculator as often as you like. But to get a firm quote just call Jade. Your consultant can source you a quick quote that meets your specific requirements. **For a quick personal loan or business finance quote, please call Jade Finance. Call 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED REGARDING HOW THE INFORMATION ON MANUFACTURER GOODS AND SERVICES AND ANY GOVERNMENT POLICIES, GUIDELINES AND OTHER INFORMATION IS PRESENTED. SPECIFICATIONS AND FEATURES OF GOODS AND DETAILS OF OTHER ISSUES HAS BEEN SOURCED FROM PREDOMINANTLY ONLINE PUBLISHED SOURCES. NO LIABILITY IS ACCEPTED FOR ERRORS IN FACTS AND FIGURES OR INTERPRETATIONS. IN REGARD TO FINANCIAL DECISIONS, THE INFORMATION IS INTENDED FOR GENERAL PURPOSES. IT IS NOT INTENDED AND NOT TO BE TAKEN AS FINANCIAL ADVICE. INDIVIDUALS ARE DIRECTED TO REFER TO THEIR OWN FINANCIAL ADVISOR SHOULD THEY CONSIDER THEY REQUIRE PROFESSIONAL ADVICE SPECIFIC TO THEIR CIRCUMSTANCES.* **Categories:** Information --- ### [Beware of scams and frauds - how to source genuine cheaper interest rate loans](https://jade.finance/blog/beware-of-scams-and-frauds-how-to-source-genuine-cheaper-interest-rate-loans) **Published:** December 5, 2022 **Author:** Publisher **Content:** The current situation with high inflation and rising prices is placing a lot of pressure on many individuals and businesses. Pressures which have most looking for the best deals in order to save when making major and minor purchases including when sourcing loans and finance. This can potentially draw some into falling for scams, frauds and loans which may look on the face of it a good deal, but in reality, are simply not. Following on from Scams Awareness Week, we **update on how to identify scams and frauds and how genuine cheaper interest rate loans and finance are available from responsible lenders such as Jade Finance.** ## **Know How to Identify a Scam** Whether it’s buying goods online or in person, spam emails, suspicious phone calls or in many other aspects of life, the threat of falling victim to a scam or fraudulent activity can be present. To increase awareness of this sort of activity the ACCC recently ran its annual [Scams Awareness Week](https://www.accc.gov.au/media-release/scams-awareness-week-2022-empowers-australians-to-spot-a-scam). The ACCC advise that over $4 billion may be lost to scams and frauds this year as Scamwatch reports an increased amount of reports in 2021. The ACCC says that due to the recent data breaches which have been on a large scale, more Australians can be vulnerable to scams. There are educational videos, information and a range of basic advice and tips available at the ACCC website and it is advisable to update yourself as the scammers are becoming more sophisticated. The outcomes of falling victim can be serious and include not only losing money, but theft of identity and long term impacts on future decisions especially in regard to sourcing loans. ## **Buying Second Hand Goods** Buying used cars, boats, motorbikes and other goods such as equipment is a very popular way to secure good quality goods at less than the price for new. With the supply issues in some markets, especially for new cars and many types of machinery, many buyers have had to turn to the used market to acquire the vehicles and equipment they need. Purchasing from reputable dealers is usually a fairly safe way to buy. Used car dealers should be members of the MTA and many boat dealers and brokers will be members of the BIA. But if purchasing from private sellers or via online marketplaces, buyers should follow best practice guidelines. For starters, refer to the [PPSR](https://www.ppsr.gov.au/) to see if the goods are under finance. This means money is owed to the finance company and the seller would need to finalise this before signing the goods over to the buyer. Check consumer protections, guarantees and warranties for the type of goods and the jurisdiction as well as for the online marketplace. Always do rego checks to ensure the goods are not stolen! It is always best to actually inspect goods of the type we are discussing before purchasing. Online photos and descriptions may not always provide a true depiction of condition. Before handing money over to sellers, do as much background checking as possible! A special warning which was issued by authorities earlier in the year, is to watch out for used goods especially cars, which are flood damaged. Following the floods earlier this year, flood damaged vehicles were appearing for sale in various marketplaces without being identified as such. Be vigilant! Also compare the pricing with new goods to ensure it is a genuine good deal. Due to supply issues in the motor vehicle market, the prices of used cars has been rising with some reports of very high prices for some popular models. When it comes to resale, insurance and even finance, it may actually be a better deal to wait to purchase new goods when supply chains return to more normal levels. This is starting to happen in the new car field. If finance is required for the purchase of the used goods, if using Jade Finance, our consultants can assist with many of the usual checks on behalf of our customers. On finance, buyers of used goods should be aware that the interest rate on loans for used goods may be higher than the rate for new goods. Lenders will typically advertise their [cheapest available interest rate](https://jade.finance/car-loans/car-loan-interest-rates) which is applicable for new goods and for loan applicants with a good credit rating. The rate for used goods is usually higher. Before purchasing, speak with us for a finance quote on new and used to compare. ## **Sourcing Genuine Cheaper Rate Loans** With interest rates rising as the RBA continues to increase the cash rate, there may be more pressure than ever to source the cheapest loan. Some buyers may be drawn into offers for 0% interest rate loans. Sounds too good to be true and it usually is. These no interest loan are more often than not simply a promotional tool. The zero interest covers a short period of the loan term and once that expires, a higher interest rate usually applies. Higher than possibly could have been sourced through ourselves or other responsible lenders. With all loans and finance, buyers are advised to deal with Licensed Credit Providers that adhere to the ASIC Responsible Lender Guidelines. Jade Finance is fully licensed and also a member of FBAA. Interest rates do vary across the lending market as banks, finance companies and non-bank lenders set their rates according to their own specific guidelines and economic forecasts. This can make it more difficult, or at least more work, for people to identify the cheapest and the most suitable loan for their requirements. Using our broker services can be a great help in this regard. Our business is based on our policy of securing cheaper interest rates on a wide range of consumer loans and [business finance](https://jade.finance/business-loans/best-business-loan-interest-rates). We achieve this as a broker-style lender through our vast lender accreditations. Our consultants handle each loan application on an individual basis and source the cheapest rates and most suitable loan for each customer from a large number of banks, finance companies and non-bank lenders. Those planning to apply for finance can improve their prospects of achieving a cheaper interest rate offer by maintaining a good credit score and having a good balance sheet. That may mean paying off other loans, including credit card balances, prior to applying for new finance. While authorities do their best to identify and bring down scammers and fraudsters, their tactics will persist and expand. Be aware, stay across Scamwatch for updates and when requiring loans and finance, use a licenced, reputable lender. **Contact Jade Finance 1300 000 008 for genuine, cheaper loans and finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Best Finance Rates for Top Selling Cars 2023](https://jade.finance/blog/best-finance-rates-for-top-selling-cars-2023) **Published:** January 15, 2024 **Author:** Publisher **Content:** The top selling cars for 2023 have been revealed in the latest VFACTS figures from the Federal Chamber of Automotive Industries. It was a record year for sales as supply issues eased and buyers finally managed to get behind the wheel of their new drive. But as a result of global inflation, prices of new vehicles have increased for many makes and models. Making securing the best rates on vehicle financing are as important as securing the preferred vehicle. Add to the mix the current costs of living pressures, and securing affordable vehicle credit is a high priority for many buyers. **Jade Finance sources the best finance rates on personal car loans and business vehicle finance on new cars, SUVs, utes and vans from across more than 80 lenders**. Lower rates and individually negotiated financing to ensure the monthly repayments work with the household budget and/or cash flow. Buyers can apply for funding prior to test-driving vehicles to provide clarity over affordability for their choice of best-sellers and place them in a good position to secure a vehicle in this time of strong demand. 2023 vehicle sales eclipsed the former record reached in 2017 and a breakdown of the figures into makes and models and buyer type highlight buying trends in the auto sector. ## FCAI Top Selling Cars Report In releasing the auto sales report for December and the year 2023, Tony Weber from the [FCAI ](Toyota: Driving Innovation and Reliability "FCAI ")said the figures were unprecedented. Record results that highlighted the competition in the market and the broad choices available for buyers. While the annual figures were record-breaking, the December data was also in positive territory. An increase for December 2023 of 12% compared with December 2022 despite there being one selling day less for the period. All vehicle categories recorded sales increases with [Toyota](https://www.toyota.com.au/ "Toyota: Driving Innovation and Reliability") holding onto number one manufacturer for December. While Toyota captured 9.6% of December sales, Ford came in second and then Mazda. Mr Weber noted the buying trend which has been emerging for some time – the move away from passenger body types to light commercials and SUVs. Just over 78% of total 2023 sales were in these two popular segments and all 10 best-selling vehicles were SUVs and light commercials. The trend towards greater EV take-up is highlighted by the increase in sales in that segment and the Tesla Model Y topping sales to personal vehicle buyers for 2023. Just over 7% of total vehicle sales were for battery-electric models and when all EV variations are tallied, they represent just over 16% of the total annual sales. The FCAI has long lobbied the Federal Government in regard to the introduction of a Fuel Efficiency Standard. Mr Weber explained that such a policy would reduce emissions and allow Australian buyers to purchase the type of vehicles they were seeking. Availability and the all-important affordability issues would be addressed. ## Top Selling Cars – Leading 10 Models Knowing what others are buying can be inspiration and valuable information for buyers in the market for new vehicles. It can also open buyer’s eyes to what is available and their options to inspect and test-drive. But if a passenger body type is on the buying list, there is no inspiration in the leading 10 sellers. Not one appears in the list for the first time since these reports have been released. Continuing the rivalry between the two leading light commercials, Ford’s Ranger pipped the Toyota HiLux by around 2,000 vehicles to take out 2023’s best-selling vehicle. Ford recorded around a 33% rise in sales over 2022 figures for the Ranger while HiLux figures dropped by 5% on the same comparison. Third best-seller was Isuzu’s D-MAX, then came the Toyota RAV4 followed by the very popular SUV MG’s ZS. In sixth place overall was the Tesla Model Y and then came the Outlander by Mitsubishi, Mazda CX5, Hyundai’s Tucson and at number 10 another Toyota SUV, the Prado. The most impressive increases in sales noted in the report were 230% for the Tesla, just over 28% for the D-MAX and 24% for the Outlander. A number of models actually fell in sales year-on-year. But in comparing year-on-year figures and in fact any sales figures, issues faced by individual manufacturers in regard to supply and availability should be considered. ## Private Buyer Top Selling Cars When recording the totals and top 10 listings, all buyers are included – private, business, government, rental companies. But a different picture of what’s selling best emerges when private sales are considered on their own. Tesla’s Model Y was the best-seller to private buyers with the ZS by MG second and then Toyota’s RAV4. Ranger and HiLux for make the leading 10 in this private buyer breakdown but not on the podium. ## Securing the Best Rates for Top Selling Cars Finance In the current economic climate, affordability can be a key buying factor, often overriding personal choice of make or model. Making vehicle pricing affordable can come down to the financing and especially the interest rates. With more than 80 lenders in our lender panel, we have the resources to source the [best vehicle finance rates](https://jade.finance/car-loans/car-loan-interest-rates "Find the Best Vehicle Finance Rates for Your Dream Ride") on business vehicle financing and [personal car loans](https://jade.finance/car-loans/personal-secured-car-loans "Get Behind the Wheel with Personal Car Loans"). Buyers have the full portfolio of credit choices and the expertise of our highly skilled and adept brokers to hunt down the best funding offers to suit individual buyers. To select a vehicle priced in your repayment affordability zone, contact us first for pre-approved financing or quick quotes. **For the best rates on financing top selling cars, contact Jade Finance on 1300 000 008.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Bathurst Excites Car Buyers but November New Car Sales Disappoint Dealers](https://jade.finance/blog/bathurst-excites-car-buyers-but-november-new-car-sales-disappoint-dealers) **Published:** December 14, 2021 **Author:** Publisher **Content:** It is always the highlight of the motor racing calendar in Australia and the annual Bathurst 1000 Supercars race did not disappoint for 2021. With fans back on the mountain, the event attracted a great crowd and even more for the televised coverage. Watching these machines tear around the track can be a great motivator to buy a new car. But while the action at Bathurst might have been exciting buyers to purchase, the November new car sales were quite a disappointment for many new car dealers. New car sales figures detail which makes and models sold the most units in a month which can provide direction for buyers. We reveal the November new car sales data with the top 10 best sellers and the loan options available for both business and private motor vehicle buyers. Back to the race for a minute as who can get too much of the great race! It was the team of Chaz Mostert with the highly-experienced Lee Holdsworth which dominated the practice and qualifying sessions and took the highly-coveted poll position. As usual, there was plenty of action as Jamie Whincup in his final race as a full-time driver sought to go out in a podium finish and 2021 Champion Shane Van Gisbergen not wanting to relinquish his lead on points. Adding to the interest this year, a number of rookies including one of the youngest ever drivers Broc Feeney teaming up with the oldest driver in the race, Russell Ingall. With the safety car making plenty of appearances in the final laps, teams were feverishly calculate fuel consumption and planning pit stops accordingly. But it was Mostert and Holdsworth who overcame the challengers to take the chequered flag. Now, back to those top selling cars and what cheap finance is available to make one of them your new car. ## **New Car Sales – November Figures** Each month VFACTS releases the results of new car sales for that month. The data shows how many units were sold, the top ten best-selling models in that month and which car makers are leading the sales charts for the year to date (YTD). Normally this is quite a straightforward release of industry data. But the impacts of the global supply chain due to the computer chip problems and issues around the pandemic require a deeper analysis. In simple terms, there just haven’t been as many new vehicles making it to Australia and into showrooms and dealerships as usual and as buyers would like. It has been widely reported that many dealers have full order books and are awaiting shipments so their buyers can take the keys to their new cars. New car sales figures are based on actual regos and delivery of vehicles, not orders. So the data needs to be assessed in that context. FCAI Chief Executive Tony Weber reported in the November media statement, that the demand for new cars remains strong but there was a drop in new car sales in the month. He states that this decline does reflect many of the issues which continue to plague supply of new vehicles. The drop in sales, November 2021 compared with November 2020, is significant at just over 15%. SUV and passenger car sales appear to be relatively constant over recent months after the usual surge in sales around the EOFY period in June. A period when business buyers in particular are often eager to acquire new vehicles to realise the tax benefits of the purchase in that financial year. ## **The Top 10 Performers** While it takes longer than the Bathurst top 10 shoot-out, the list of top 10 best-selling models for the month can be worth the wait for those wondering what everyone else is buying. Or in the current environment, what other buyers are getting their hands on! While the Ford v Holden has defined motor sport for decades, in the current vehicle sales scene it is the Ford v Toyota battle of the utes which is the focus. For November, it was the [Ford Ranger](https://www.ford.com.au/showroom/trucks-and-vans/ranger/) that toppled the iconic Toyota HiLux for most sales. The Hyundai i30 took out third position. Following these top three were the Toyota Corolla and Toyota RAV4, then the Nissan’s Navara, Mitsubishi’s Outlander and ASX, the extremely price-competitive MG ZS and then another Hyundai, the Tucson. In terms of best-selling manufacturers, the data is compiled based on sales over the YTD. Not surprisingly with several models in the leading 10 list, Toyota tops the maker’s list. Next is Mazda, Hyundai, Ford, Kia, Mitsubishi then Nissan, VW then MG and Subaru. ## **December Buyer Update** December is often a bumper month for car sales but the supply issues may dampen the spirits of buyers and sales figures this year. What will lift spirits is that the RBA has left rates at current low rates which means Jade Car Loans continues to offer [cheap interest rates](https://jade.finance/car-loans/car-loan-interest-rates) across our loan portfolio. With supply of some makes and models an issue, smart buyers will be[ talking to us](https://jade.finance/approval) asap to secure pre-approved motor vehicle finance so they can secure existing stock immediately. While the excitement of Bathurst is still revving, get moving on securing your new car. **Contact Jade Finance 1300 000 008 to discuss new car finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Autumnal Tidings: Budget Time](https://jade.finance/blog/autumnal-tidings-budget-time) **Published:** April 2, 2021 **Author:** Publisher **Content:** Will it be a winter of discontent or a winter wonderland? After more than 12 months of dealing with the coronavirus pandemic, most people will no doubt be looking forward to increasingly improving economic times. Much of our good news bad news will likely come on 11 May when the Treasurer, Josh Frydenderg, hands the 2021/22 Federal Budget down in Parliament. Last year’s budget was postponed from May to October due to the COVID-19 situation. The October announcement brought extensions and additions to some of the stimulus measures announced earlier in the year as well as extras, including tax cuts for many taxpayers. Last year’s budget was considered the most significant in Australian history as the nation was expected to experience the depths of a serious and ongoing recession. The budget was seen as not only the key to recovery after the pandemic but needed measures to stave off the worst of possible outcomes. But this year’s budget faces somewhat equally significant circumstances. [Australia has experienced much better than expected growth over the past few quarters](https://www.abc.net.au/news/2020-12-02/australia-september-quarter-economic-growth-gdp-figures/12934336), unemployment figures continue to exceed forecasts in a positive way. But uncertainty remains around our vaccination program and key sectors such as tourism face an uncertain future with international borders closed. No doubt the pre-budget announcements will start flowing shortly to give us some indication of what the Government is including in the Budget. While we await those sneak peeks, at [Jade Finance](https://jade.finance), we’re offering timely reminders of some of the measures still on the table from the last budget. **Personal Tax Measures** Tax cuts for middle income earners were announced in the 2020/21 budget as some stages of already-legislated cuts were brought forward to provide stimulus in response to the coronavirus pandemic. These changes to tax schedules were introduced by businesses in October/November depending on how quickly individual businesses sorted the changes to their payroll software. That means that the reduction in tax that should have been received in July-September pay packets is due to be accounted for when tax returns are submitted after 30 June 2021. If that includes you, don’t delay getting your personal tax return in this year. The tax cuts, in addition to other rebates in the budget, may result in you receiving a handy refund. A refund could be a down payment on that car, boat or motorbike you’ve been considering. Of course, Jade Finance can arrange [no deposit car loans](https://jade.finance/car-loans/no-deposit-car-finance) so you wouldn’t necessarily need to use your refund for a deposit, but it could give you a spur on to make that purchase. [Additional changes to personal tax rates](https://www.ato.gov.au/tax-rates-and-codes/tax-rates-australian-residents) have been slated for introduction in 2022 and beyond and it could be expected that firm decisions around proposed changes would be announced in the 2021/22 budget on 11 May. **Budget Initiatives for Business** Businesses have had a number of key measures available since April-May 2020 as part of the Government’s COVID-19 stimulus package and some of those programs are set to continue beyond 30 June 2021. Instant Asset Write-Off was one of the early initiatives introduced in April 2020 and tweaked, expanded and extended over time and morphed into temporary full expensing when the Budget was announced in October 2020. For eligible businesses and eligible asset acquisitions, these measures are available through to June 2022. Most business owners would be well aware of the benefits of these accelerated asset depreciation measures as they were extremely well covered both in the media and promoted by finance companies, banks and lenders such as Jade Finance. If you’re not across the detail but you do intend to make that purchase and realise the IAWO in this financial year, get in touch with us to discuss a [Chattel Car Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) or for your, truck or equipment asap. A less well promoted measure, but one which can be utilised effectively in conjunction with IAWO is Loss Carry Back. This allows businesses that make a loss in designated years (19/20,20/21,21/22) to claim those loss back against profit posted in designated earlier years. If profit was posted and a tax obligation paid, the loss carry back can trigger a cash refund of the tax paid. Note – losses are usually carried forward to claim against future profits. The way this can work with IAWO is if by acquiring assets and claiming the IAWO a business posts a loss in the financial year but a profit in earlier years, loss carry back can be implemented and a cash refund realised. This is all subject of course to eligibility under ATO criteria. But basically, you could buy new vehicles, truck or equipment in this financial year which results in your business receiving a cash refund on tax paid last year or the year before. In order to depreciate an asset, the finance product selected must be one where the asset is entered on the business balance sheet. This is the case with Chattel Mortgage as opposed to [Car Leasing](https://jade.finance/car-loans/car-leasing.php) where the lender retains ownership. With our [car loan interest rates](https://jade.finance/car-loans/car-loan-interest-rates) currently at historic lows and lowest on Chattel Mortgage, it may be highly rewarding to proceed with those purchases. Refer to our [online car finance calculators](https://jade.finance/car-loans/car-finance-calculator) to work up repayment estimates or just give us a call for a quote. So as we wait for what the Federal Treasurer has in store for the Budget 2021/22 there are programs and measures which can still be taken advantage of in this financial year. **For a cheap interest rate loan quote, contact Jade Finance Call 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [August Car Sales Results: What’s hot right now?](https://jade.finance/blog/august-car-sales-results-whats-hot-right-now) **Published:** November 5, 2021 **Author:** Publisher **Content:** [Motor vehicle finance](https://jade.finance/business-loans/business-car-finance), both business and [private](https://jade.finance/car-loans/personal-secured-car-loans), is one of our biggest lending sectors and our customers are always keen to know what’s currently hot on the market. The motor vehicle industry releases monthly sales statistics which are broken down by model and state and can give buyers an indication of what others bought and therefore what may be worth a look at. These are based on new vehicles only. The August 2021 vehicle sales figures are impressive when considered in context. The global microprocessor chip shortage is causing production hold-ups in factories across the world and delays in vehicles getting to our market for sale. The period also saw millions of Australians in COVID lockdown and car dealer showrooms closed in many states. Conditions which made it difficult to actually get out and inspect vehicles and difficult for dealers to have the stock to sell. Many dealers are reporting strong orders but still waiting stock from the vehicle makers to fill those orders. It is unclear how long this situation will persist, but Toyota only recently announced it was cutting production by 40% in some factories due to supply chain issues, specifically the chip shortage. Despite these challenges, sales for August 2021 were up 33% compared with August 2020 as reported by the FCAI. In the release of the figures, the industry body noted that manufacturers were utilising resources to engage with customers while at home and in isolation. Dealers have also adopted online selling resources over the past 12+ months to assist buyers to secure their vehicles. ## **Top Sellers for the Month** SUVs have been the best-selling category of vehicles for some time and once again, SUVs outsold passenger vehicles for August. But note, this category also takes in the work vehicles. Now for the top 10 for August 2021. Once again [Toyota](https://www.toyota.com.au/) tops the chart with the HiLux and continues as the top-selling brand for the year to date. Coming in second, arguably the HiLux’s biggest rival, the Ford Ranger. Having two work vehicle models topping the best sellers may also reflect the timing – tax time. We know that many of our business customers have been purchasing new vehicles to take advantage of the tax measures of [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing/eligibility-for-temporary-full-expensing) and IAWO. In third place we finally get to passenger cars and more private-ride models. The Toyota Corolla is 3rd followed by Toyota’s RAV4 and then its Prado in 5th place. With 4 entries in the top 5, it’s not surprising that Toyota has a stranglehold on top selling brand position. Next we start to see the Japanese and Korean makers. In 6th position is the Mazda CX-5, followed by the Hyundai i30, the Isuzu D-MAZ, MG ZS and rounding out the 10, the Mitsubishi Outlander. While it is always interesting to check out the sales figures each month, under the current extraordinary conditions, the stats may more reflect what manufacturers actually had the stock to move rather than popularity. According to reports, one of the usual good sellers such as Nissan with its highly popular Navara is in such a position. While the individual model rankings may be skewed slightly by the strong business work vehicle market, it is also interesting to stay across what brands are selling well across their ranges. The top brands figures are also released and ranked on a ‘year to date’ basis. Toyota secures top spot, followed by [Mazda](https://www.mazda.com.au/) with Hyundai in third and Ford fourth. Then we start to see some of the extremely familiar names and popular brands in the private vehicle market – Kia, Mitsubishi, Nissan, VW, MG and Subaru. As far as vehicle types, as mentioned earlier, SUVs were the top sellers and mid-size market remained the strongest category. ## **Securing Your New Vehicle** With the latest stats as inspo, time to start making plans for your next vehicle purchase. As we’ve mentioned several times, availability may end up being a big driver for your final selection. While some buyers will scour the market and look at multiple makes and models, others have firm ideas of exactly which vehicle they want. With the current stocking issues and delays in delivery, those looking to buy now may have to approach the process with a more open mind. Being ready to place your order on the first discussion with a car dealer or first inspection may make delivery that bit sooner and you may be able to capture a showroom vehicle. To enable that to occur, we provide pre-approved car loans across our loan portfolio. Pre-approved loans are available for both business and private buyers. These are sourced and secured at the same interest rates as for loans organised after purchase, so no problems there. Also no problems if you can’t secure the vehicle right now. There is no obligation attached to our pre-approved loans. For buyers that do access a vehicle to buy right now, just give us a call and take advantage of our quick quotes, fast approval and prompt settlements for motor vehicle finance. Good luck with your car buying and remember to keep our car loan calculator handy on your phone to work out rough estimates when in the showroom. **Contact Jade Finance 1300 000 008 to discuss motor vehicle finance for business and private vehicles.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [ATO to Access Vehicle Sales Data re Tax Compliance](https://jade.finance/blog/ato-to-access-vehicle-sales-data-re-tax-compliance) **Published:** January 29, 2021 **Author:** Publisher **Content:** The Australian Taxation Office (ATO) has issued a policy notice stating its intention to continue its program of collecting motor vehicle registration data to assist with its tax compliance work in regard to both individuals and business taxpayers. Accessing this data will allow the ATO to cross check details of the sale and purchase of motor vehicles to ensure both businesses and individuals are complying with their relevant obligations in regard to personal and business income tax. While it is not the role of [Jade Finance](https://jade.finance) to advise our customers on tax matters, that is the role of an accountant or tax agent, we feel this announcement was important to bring to the attention of our customers. This may be significant to some car buyers, particularly in relation to the asset depreciation measures including [IAWO](https://jade.finance/blog/extension-to-iawo) and [temporary full expensing](https://jade.finance/blog/temporary-full-expensing-explainer) as introduced by the Federal Government in its response to the COVID-19 economic impacts. The program provides the ATO with the resources to identify possible tax payers of interest through car purchases and sales. There are a number of taxation rulings which apply to motor vehicles including IAWO, [fringe benefits tax](https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax?=Redirected_URL), luxury car tax, GST, fuel rebate and tax schemes and the general tax deductibility of eligible vehicles and eligible elements of the [car finance](https://jade.finance/car-loans). ## **ATO Data Matching Program** While this latest policy notice is relevant with the new taxation measures currently available, the program has been in operation for over 16 years in one way or another. The current announcement states the ATO’s intention to continue the collection of car registration data for 2019/20, 2020/21 and 2021/22 financial years. The ATO matches data as supplied via the motor registry authority in each state against their records for taxpayers. The intention being to identify individuals and businesses that are not meeting their reporting, lodgement and payment obligations. It also assists in identifying undeclared income by taxpayers. As an example, if you purchase a $100,000 motor vehicle and have a declared income of say $20,000 that can be a red-flag to the ATO. In ATO wording, it identifies buyers of vehicles with purchase price which is not ‘commensurate with their reported income.’ The program can identify taxpayers that may not meet their obligations in lodging BAS and making the relevant payments and input tax credits. Data is collected for both transfer of registration and registrations of new vehicles with purchase price/market value of $10,000+. The ATO states that this program assists with compliance activities but it also supports programs operated by the department investigating the [black economy](https://treasury.gov.au/policy-topics/economy/shadow-economy). It also adds the purpose to educate and deal with businesses and individuals identified as failing to meet obligations. ## **Data Collected** The ATO is working with state motor vehicle authorities and will be collecting details in regard to the purchaser, the seller, fleet manager, licensed motor vehicle dealer, leasing company and the person registering the vehicle. Data will include name of individual or business; address(es) and contact details; date of birth; ABN and [ACN](https://asic.gov.au/for-business/registering-a-company/steps-to-register-a-company/australian-company-numbers/) where relevant. Transactional data collected will include the date and type of transaction; vehicle sale price; vehicle market value; garaging address for the vehicle; intended use of the vehicle (private/business); make/model/year of manufacture; engine capacity; tare weight; gross weight; rego number; VIN; stamp duty details; transaction receipt; dealer licence. As you would expect from a government body, all data collection and storage is in line with privacy and other regulations. ## **Car Finance and Taxation** If you claim aspects of the purchase or running expenses of your motor vehicle for tax purposes you may choose to review the full details of the ATO policy. All the commercial finance facilities offered by Jade for the purchase of business vehicles by business entities have a tax benefit element. But each loan product – [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage), Leasing and CHP – derive that benefit or deduction at different stages. With Leasing, the repayments are a tax deduction whereas with Chattel Mortgage the interest is tax deductible but the deduction on the vehicle purchase is realised via depreciation of the asset in the end of year accounts. When GST is claimable on the purchase/finance of a motor vehicle also differs with the loan type. Refer to our individual web pages for full details. The [personal car loan products offered by Jade, the Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans), does not by its structure or format have tax-related aspects. If an individual uses their privately purchased and registered vehicle in carrying out their job or work, any compensation for that use would need to be discussed and arranged with an employer or tax agent. We refer you to our [Novated Car Lease with Salary Sacrificing loan](https://jade.finance/car-loans/novated-car-leasing-salary-sacrificing) product as an option for employers looking to provide a vehicle for an employee. If you have any tax-related matters in regard to your motor vehicle, we advise that you consult with your financial advisor, accountant or tax agent. As we stated at the outset, as your lender, it is not the role of Jade Finance to provide taxation advice to our customers. But we do outline the features and benefits of each of our finance products and can provide additional elaboration and explanation. **To discuss a motor vehicle or any other finance, contact Jade Finance Call 1300 000 008** *DISCLAIMER: INFORMATION, CONTENT, DATA, REFERENCES AND HINTS CONTAINED IN THIS ARTICLE ARE INTENDED PURELY FOR GENERAL INFORMATION AND NO LIABIILTY FOR ERRORS OR SIMILAR IS ACCEPTED. THE INFORMATION IS NOT INTENDED TO FORM THE SOLE BASIS FOR FINANCIAL DECISIONS. ANY READER CONSIDERS THAT MAY REQUIRE ADVICE ON THEIR PERSONAL OR BUSINESS FINANCIAL SITUATION, THEY ARE ADVISED TO SEEK THE PROFESSIONAL ASSISTANCE OF A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Assess Business Finance as talk of global recession emerges](https://jade.finance/blog/assess-business-finance-as-talk-of-global-recession-emerges) **Published:** October 13, 2022 **Author:** Publisher **Content:** With now six cash rate rises in six months, a Federal Budget about to be released which looks like being a tough one, the [RBA ](https://www.rba.gov.au/)indicating uncertainties on both a global and a domestic front and the Treasurer saying the chance of a global recession is now probable, it may be time for many operators to assess their business finance arrangements. Assess, analyse and review to ensure that the business finance currently in place will support the business if the worst-case scenario does play out. When interest rates were at their historic low levels, taking on finance posed a very appealing and sensible solution for many businesses. But as inflation has started to soar, supply chains continue to be disrupted and costs soar, those commercial loans may be started to place pressures on the business. Whether the personal opinion of the recession talk is considered scaremongering, far-fetched or very real, businesses may choose to err on the side of caution and undertake an assessment of their commercial finance. **Assessing business finance and commercial loans to ensure the business is well-supported if economic conditions worsen can include discussions with Jade Finance**. Our consultants can assist business owners with an extensive range of solutions which can be individually curated to suit specific needs and specific business set-ups. ## **Support and Solutions** As broker-style lenders with specialist expertise in business finance, Jade Finance provides a very personalised and comprehensive service. Each customer is assigned their own trained consultant to handle their individual requirements. With our multiple lender accreditations, we open access to lender channels with non-bank lenders as well as negotiating with the major banks to ensure the cheapest interest rate finance is sourced. Each finance deal is negotiated to achieve as best outcome as possible to suit the loan structure preferred by the business. This may be in regard to the term of the loan, the loan amount and particularly any conditions attached to the finance. Unlike some lenders, we assist businesses with credit issues with[ bad credit finance options](https://jade.finance/business-loans/business-finance-bad-credit) and low doc and no doc solutions for new operators. ## **Targeted Solutions** When assessing the overall business finance situation, business owners may identify areas which represent specific pain points and place pressure on cash flow either ongoing or at different times of the trading year. Some of these pain points can be addressed with targeted commercial finance solutions. Large insurance premiums can be one such issue which businesses struggle with. When a large premium is due to be paid in total by a specific date it can pose a problem. [Insurance Premium Funding](https://jade.finance/insurance/insurance-premium-funding) directly addresses that issue by spreading the premium over several payments. A major problem for many businesses is getting paid by their customers in a timely manner. Despite electronic payments the norm, many large businesses still have long payment times for suppliers. Not receiving payment for invoices within a reasonable timeframe can result in awkward situations. The business may not want to put pressure on their customer for payment and risk the customer taking their business elsewhere. [Debtor Invoice Funding](https://jade.finance/business-loans/debtor-invoice-funding) is especially designed to deal with these situations. Removing any awkwardness and allowing businesses to receive payment for invoices through a financing arrangement. ## **Commercial Loans** General finance support is available through both short-term and longer-term finance solutions. Our consultants will discuss the specific requirements with each customer and tailor the finance to suit. Secured and Unsecured Business Loans are extremely flexible in being suitable for a range of business expenditure and non-asset purchases. For cash flow shortages, Business Overdrafts are the go-to solution and can be structured on an ongoing basis or to plug short-term shortfalls. While banks are traditionally seen as the source of overdrafts, we offer overdrafts through a range of non-bank lenders which may be a more favourable alternative. ## **New Asset Acquisition Finance** If the individual outlook for the economy and the business is more positive than some of the current conversations, now could be the time to invest in new machinery, equipment, plant, tucks and vehicles. Further interest rate increases have already been indicated by the RBA, so securing finance at the [current rates](https://jade.finance/equipment-loans/best-equipment-rates) could result in a significant benefit. Leasing, Rent to Buy, Commercial Hire Purchase and Chattel Mortgage are available for new asset acquisitions. Interest rates and loan conditions may vary between used and new goods and for different types of equipment in different industries, so contact us for a quick quote to assist budgeting. Acting now may also present other advantages in utilising the tax benefits available through [temporary full expensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing). This is available until 30 June 2023 for eligible businesses but waiting a few more months may result in higher interest rates. Refinancing is also an option which may be a solution for some issues. One, some or all of these options can be considered when conducting an overall assessment of current commercial finance arrangements. Your Jade Finance consultant will work with you and our lenders to deliver a cost-effective, cheaper interest rate solution. **Contact Jade Finance 1300 000 008 for workable, cost-effective commercial loan solutions.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [A-loan in Lockdown: getting on with purchases](https://jade.finance/blog/a-loan-in-lockdown-getting-on-with-purchases) **Published:** July 21, 2021 **Author:** Publisher **Content:** When COVID lockdowns are implemented, there is always a lot of attention paid to those that are alone and issues around support for the welfare and wellbeing of individuals and rightly so. Being home alone for such a long period can be challenging. There are also many who are super-keen to get on with their life plans despite the lockdowns. Not in defiance of health orders of course, but they look to adhere to the situation and find ways to achieve their goals while staying at home. Individuals and businesses that are seeking a loan in lockdown. [Many experts and those just proffering an opinion expect rolling lockdowns to be a fact of life in Australia for some time](https://www1.racgp.org.au/newsgp/clinical/lockdowns-to-be-part-of-the-australian-way-of-life). Head of the CBA Matt Comyn was recently reported as saying that we should be ready for more lockdowns and many other leading business figures have expressed similar feelings. So if lockdown is here for a while, hopefully on and off rather than extended, we provide a lender service that does empower people to source the finance they require. ## **Applying for Personal Loans** Upgrading your boat, buying a new car or embracing the outdoor lifestyle with a caravan could be just some of the plans you have in the near future. But if stuck in lockdown, turning plans into progress could be a challenge. Fortunately, many dealers across multiple sectors have also pivoted and adjusted their business procedures in response to the 2020 widespread lockdown and many of those are still in play. Attending in-person to view goods and make a purchase decision may not always be possible. But thanks to comprehensive and detailed websites, many of the specs and features of cars, boats, motorbikes and caravans can be viewed online. Dealers and manufacturers even include videos to provide as realistic an inspection as possible. Online ordering is typically available and buyers of new goods through authorised sellers should be covered under consumer law should a change of mind or issues with the purchase post-delivery be identified. Jade Finance assists buyers source finance with our comprehensive loan tools and lending resources. Details of loan products are provided in detail for buyers to review which is the loan most suitable for their purchase. Our online calculators allow our customers to quickly calculate repayments based on the advertised selling price of cars, boats, bikes and caravans from any online device. When happy with the rough estimate, loan applications can be made online or over the phone with one of our consultants. [Click here to utilise our equipment finance repayment calculator](https://jade.finance/equipment-loans/equipment-finance-calculator). Our entire loan service is conducted over the phone or via online channels so the process can be completed without the need for you to personally attend a meeting. ## **Sourcing Business Finance** Despite lockdowns and restrictions, businesses still need to keep their operation moving forward and in many cases that involves acquiring new machinery, equipment, vehicles, trucks and other assets. Temporary full expensing and IAWO are still available for eligible businesses and many will want to move on realising the benefits of these measures. With our full portfolio of business finance products, we can provide a comprehensive lender service for business vehicles, trucks and a large range of business equipment via a contactless service model. Business owners are directed to consult with their accountant as to the choice of specific loan product as the suitability to individual businesses of different types of loans is to a large degree dependent on accounting issues. Once that decision is made, your Jade consultant can take over the entire finance sourcing process on your behalf. ### Finance products include:- - [Car Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) - Leasing - Rent to Own - Commercial Hire Purchase - Secured and [Unsecured Business Loans](https://jade.finance/business-loans/unsecured-business-loans) - [Low Doc Car Finance](https://jade.finance/car-loans/no-doc-car-loans) and No Docs Loans - Bad Credit Finance Options Loans are available for all types and sizes of business operations across all industry sectors on a nationwide basis. ## **Cut the Queues** As a result of recent extended lockdowns in Greater Sydney, an evolving situation in Victoria and emerging case numbers in South Australia at this time, many individuals and businesses are seeking support and relief for loan repayments from their lenders. While it is great that the banks and finance companies are stepping up to assist, for those seeking quotes for new loans, the wait for assistance may be much longer than usual. That’s if you approach the loan sourcing process yourself. [A smart way to cut the lending queue is to engage Jade Finance as your lender to handle your loan requirements](https://jade.finance). We work through industry communications channels with our accredited banks and lenders. This allows our consultants to circumvent wait times experienced by individuals and source quotes quickly, arrange fast application approvals and proceed to prompt settlement. All this and while delivering cheap interest rate loans across the board. So if you’re stuck in lockdown you don’t have to be stuck in limbo with your life. If your objective is a major purchase with a finance or loan, Jade Finance has the resources to unlock the barriers and make your goals a reality. **To discuss both business and consumer finance contact 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Agricultural Machinery Finance Options as Henty Delivers Record Outcomes](https://jade.finance/blog/agricultural-machinery-finance-options-as-henty-delivers-record-outcomes) **Published:** October 9, 2022 **Author:** Publisher **Content:** The results and reports from the September Henty Machinery Field Days (HMFD) augur well for the agricultural sector. Indications that many operators may be considering upgrading farming equipment and as such, require agricultural machinery finance. **In a timely update following the Henty Field Days, Jade Finance shares information on securing cost-effective agricultural machinery finance options.** Field day events are excellent opportunities for the ag sector to connect directly with machinery manufacturers and dealers and select new equipment for their operation. But where the finance has not been pre-arranged, buyers may need to postpone orders until that finance is secured. We provide prompt and efficient broker-style services to assist farming and agricultural operators achieve the cheapest interest rate finance. ## **Reports from Henty Event** The Henty event in September came after a two year absence and was received with huge interest. So much so, that organisers were forced for safety reasons to close the gates, even to ticket-holders, on one afternoon. Record numbers attended with promising reports on sales from machinery exhibitors. Organisers have reported that visitor numbers broke records at 70,000. Over 800 exhibitors were present over 1200 sites. As the event is a not-for-profit initiative, monies derived from the days went to community organisations in the local area for infrastructure and for requirements around social capital. Ms Belinda Anderson, HMFD CEO, noted that the massive interest came after several seasons of above-average results and with commodity prices at record levels. Organisers reported that sales of both services and products were large with CASE in particular reporting the three days delivered sales of tractors. Such was the interest that a delegation on trade attended from Argentina, as did the Minister for Regional Development, Ms Kristy McBain, with a special announcement. The event include presentation of a number of awards. The award for the Machine of the Year went to Macdon’s Flex Draper FD2. The [See and Spray from John Deere](https://www.deere.com.au/en/news/all-news/deere-see-and-spray-select/) received a highly commended gong. Australian built and designed machinery also received special awards. This year that honour went to the Ezy Feeder by Daniel Draper. Overall, the field day was hailed a great success and planning for the 2023 event is already in the planning stages. ## **Launch of Regional Development Plan** At the field day, Kristy McBain MP launched a strategic plan covering 2022-25 for Regional Development for the Murray region. This strategic plan, which involved State, Local and Federal government in its development will address a number of key issues for the region. This include helping with the identification of opportunities; managing growth pressures; infrastructure requirements; and the economic development. Launching the plan with Ms McBain, the RDA Murray CEO Edwina Hayes said digital connectivity, workforce, housing and increased technology uptake were fundamental to this strategic plan. Those interesting in knowing what the strategic plan may present by way of opportunities for their operation can access more details at the Regional Development Australia Murry website. ## **Finance for Agricultural Machinery** While most operators in the farming and agricultural sector would have sourced finance previously, there are a few points we would like to highlight for those requiring machinery finance at this time:- - The equipment lending sector is quite extensive and includes both the major banks as well as non-bank lenders that specialise in equipment finance. - Some non-bank lenders do not offer services directly to businesses but through brokers such as Jade Finance. We are accredited with many lenders so we can offer clients the cheapest rates sourced from a wide choice of the market. - The non-bank sector can be more flexible when it comes to negotiating on interest rates and those sometimes sticky loan conditions. - Interest rates on agricultural [machinery finance](https://jade.finance/equipment-loans/agricultural-loans) will vary within the lending sector. Equipment rates also vary across industries. So the rates advertised in general by some lenders may not necessarily relate to the ag sector. - Further increases in the official cash rate may be expected from the RBA in coming months. Acting quickly on finance requirements may ensure a cheaper rate. - The accelerated asset depreciation measure of temporary full expensing is only available on eligible assets for eligible business until the end of this financial year. This tax measure offers significant benefits to businesses and could be worth investigated whether it is suited to your business. We’ve provided additional information in our [News section](https://jade.finance/blog/dont-miss-out-on-your-tfe-deductions-with-chattel-mortgage). While [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage-calculator) is considered most suitable for businesses looking to realise the benefits of temporary full expensing, we offer the full range of commercial finance options for agricultural machinery acquisitions:- - Machinery Lease - Commercial Hire Purchase - Rent to Buy - Chattel Mortgage For operators in post-field day planning to upgrade to new farm machinery, we can assist with sourcing the best interest rate finance quote and structuring the finance to ensure it represents a cost-effective option to deliver genuine ROI on the asset acquisition. **Contact Jade Finance 1300 000 008 to discuss agricultural machinery finance options** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Additional data to assist business with acquisition decisions - ABS releases latest unemployment rate](https://jade.finance/blog/additional-data-to-assist-business-with-acquisition-decisions-abs-releases-latest-unemployment-rate) **Published:** February 17, 2023 **Author:** Publisher **Content:** Staying across movements in the economy has become increasingly important for business owners in making crucial decisions around asset acquisitions. While always important, the recent decisions by the Reserve Bank of Australia (RBA) to hike interest rates in response to soaring inflation has highlighted this. The Bank considers all relevant economic data including inflation and the unemployment rate when making its decisions. Businesses looking to make their own decisions, especially those involving finance, may also consider the latest data to form their forecast and outlook for their operation. It may sound like a time-consuming or challenging task. But much of the relevant data is easily accessible – free and online, and presented with overviews and summaries to easily understand. The [Australian Bureau of Statistics (ABS)](https://www.abs.gov.au/ "Australian Bureau of Statistics") reports on a wide range of trends and statistics in the Australian economy. In January, the bureau reported on the inflation data for the quarter ending December. A result which was probably the key reason for the latest RBA rate rise. On February 16, the ABS released the employment statistics covering the reporting period in January. With the labour market in Australia extremely tight due to pandemic-related issues, staying across movements can be particularly relevant to business operators in many sectors. The difficulties in filling jobs have been restricting many operators from achieving full capacity operation and outcomes. Any sign of an easing in that respect, may improve the outlook and provide reason to proceed with asset acquisitions such as vehicles, trucks, plant, machinery and equipment. ## January Unemployment Rate The unemployment rate has dropped significantly in the past two years due to a number of factors but most notably the lack of overseas workers as a result of pandemic border restrictions. But for the January reporting period, the rate increased. A rise in unemployment was mentioned in RBA rate decision statements as being expected and was also expected by the Department of Treasury. The ABS announced in a statement posted to its website that the [rate increased from 3.5% to 3.7%](https://www.abs.gov.au/media-centre/media-releases/unemployment-rate-rises-37-january "Unemployment rate rises to 3.7% in January"). The rate reflects a fall in the number of employed people of 11,000 and an increase in those unemployed of 22,000. As noted by Bjorn Jarvis who is the Head of Labour Statistics with the ABS, this is two months consecutively that the unemployment rate has increased. Also noted by Mr Jarvis is the significance of the reporting period – January, in regard to seasonal factors. The end of and start of a calendar year is a popular time for people to leave jobs before starting new ones after a break. According to Mr Jarvis, more than the usual number of people reported that this was their situation – they were currently unemployed but had jobs to start in the near future. There has been intensive competition for labour in many industries. Reports of very attractive offers being made to attract workers to different jobs and companies. This larger than usual number of people changing jobs may reflect that competition. While further waves of COVID-19 are expected by health authorities this year, the ABS reports that the number of people off work due to illness had returned to the average range. This will be welcomed by many employers, especially those already struggling to fill jobs. The data also shows a fall in the participation rate – 66.5%, and the rate of underemployment at a steady 6.1%. Full-time employment fell while part-time rose. Part-time employment comprises 30.2% of the total employment. ## Outlook positive? Access Cheaper Finance for Acquisitions If the January unemployment rate represents a more positive outlook for the business – the prospects that staff may be more readily available, speak with us about cheaper finance for new acquisitions. Even where the prospects for individual labour requirements are looking better, the cost of new finance remains critically important. Inflation remains extremely high, driving up and/or sustaining high costs of materials and other business expenses. Any new finance must be cost-effective, work with cash flow and that means at the cheapest interest rates. **For businesses that see the latest unemployment rate as reason to invest in new assets, Jade Finance can assist with cheaper business finance interest rates.** If you’re in the market for equipment finance, you may be feeling the impact of the Reserve Bank of Australia’s recent cash rate increase. But fear not, because at Jade, we have access to a wide range of lenders, including specialist non-bank lenders, that enable us to quickly and efficiently find the cheapest interest rates available. This not only saves businesses time, but also money – a win-win situation! And it’s not just equipment finance that we offer competitive rates on – our entire finance portfolio, including Chattel Mortgage, Leasing, Rent to Own, and Hire Purchase, boasts some of the most affordable rates in the market. For those looking to start a new business in 2023, we even offer No Doc and Low Docs options to help you get up and running sooner. Business owners should take note that the [RBA](https://www.rba.gov.au/) has indicated that rates are likely to rise again, possibly as soon as the Board’s meeting on 7 March. That’s why we urge you to contact us promptly to get approved for new finance and secure the best rates possible. With our access to a wide range of lenders and commitment to finding the cheapest interest rates, we’re confident that we can help you get the financing you need to take your business to the next level. So why wait? [Click here](https://jade.finance/equipment-loans/best-equipment-rates) to learn more about our [equipment finance rates](https://jade.finance/equipment-loans) and financing options. **If the latest unemployment rate is a positive sign for your business, contact Jade Finance 1300 000 008 to assist with finance on new asset acquisitions.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Achieving those Christmas Wish List Buys](https://jade.finance/blog/achieving-those-christmas-wish-list-buys) **Published:** November 7, 2021 **Author:** Publisher **Content:** With millions of Australians locked down for multiple months, for some almost the entire winter season, the opportunities to get out and about to buy major goods has been a no-no. Spirits have been deflated and many are looking to uplift their frame of mind with that special purchase for themselves in time for the Christmas holiday season. With the run into Christmas pretty much upon us and stock of some items in short supply, placing orders or purchasing now could be a good moves. Global supply chains especially the shortage of computer chips, has resulted in production shutdowns and pauses in many overseas manufacturing plants. These include for motor vehicles, motorbikes and components and parts required by local manufacturers of caravans and boats. With order books filling, buyers wanting to secure the goods of their choice need to make decisions and take action quickly. Fortunately, we don’t have delays in regards to loans with quick quotes, fast approvals and prompt settlements across our consumer loan portfolio. Adding to the appeal of indulging oneself in a special buy to make up for what has been a pretty ordinary year on many fronts, is the current low interest rate lending scene. The [Reserve Bank of Australia (RBA)](https://www.rba.gov.au/) which effectively determines without actually setting the lender rates, has left the official cash rate on hold at a historic low since November 2020. The official cash rate was held steady at the RBA Board meeting on 7 September and this is the rate that banks and other lenders use to determine their individual rates on different types of loans. Currently, Jade Finance [lending rates](https://jade.finance/personal-loans/best-personal-loan-interest-rates) for new cars, bikes, boats and caravans are extremely low which means cheaper loans for those special buys. Time to treat yourself? Check out our loan offers on the goods you are interested in purchasing or just get moving and apply for a loan. ## **Click ‘n Collect Now for Christmas** With extended lockdowns closing many dealerships and buying a boat or a car not considered essential under most health orders, some buyers feel that have had to delay their purchases. But have you considered click ‘n collect? While most associate this service with weekly groceries, hardware supplies, shoes and clothing, it is possible to order boats, cars, bikes and caravans via online services. In the new car market, faced with extended showroom closures, dealers have needed to find new ways to engage and connect with potential customers. Many have done so via online resources. Motor vehicle manufacturers and dealers have expanded their websites with extensive visuals and other experiential resources to empower buyers to make their buying decisions from home. Other sectors including marine and caravans have followed suit with extensive videos posted online so buyers can immerse in as full an experience of the goods as possible. Once a buying decision has been made, Jade Finance makes it easy and quick to source the loan required to finalise the purchase via our online tools. Interest rates vary across the different categories of loans so a good place to start is on our webpage for the specific goods you are buying – cars, bikes, caravans or boats. This will ensure you are referring to our current interest rate and loan product for that specific category. For each category we have provided a Lender Comparison Chart which is also a loan repayment calculator. We list a range of banks, finance companies and other lenders that are active in that category. The type of loan offered by that lender for those goods is shown along with their interest rate and comparison rate. For an explanation of comparison rates, please refer to our [Personal Finance Calculator.](https://jade.finance/personal-loans/personal-loan-calculator) All you have to do to get repayment estimates on any number of makes and models you are considering is to enter the loan amount and preferred loan term. The monthly repayment estimate automatically displays alongside each lender. For a firm quote, just give us a call or apply online. Yes, the next stages of acquiring a loan can also be completed online, or by click n collect! As Licensed Credit Providers we adhere to the Responsible Lender Guidelines so we will need to request a range of information from you in regard to financial status etc. Our loan service is completed in a contactless way so you can access cheap interest rate finance for the goods you want without leaving home. But if you want that special something under the Christmas tree, you may need to get moving to place your order. - Accelerate New Car Purchases: delays in motor vehicle production globally are causing delays in delivery of some makes in Australia. It may be a good idea to be open minded in regard to make/model and secure an ‘available now’ vehicle. - Preparing for the Boating Season: with many boat shows cancelled, buyers may need to refer to dealer online resources and make phone enquiries about stock availability and place orders. - Planning the Summer Caravan Holiday: supply of caravans has been low so phone around the different manufacturers to see which dealer has stock available for delivery in time for your holiday. - Ride Away on a New Motorbike: check out the latest online and place your order. When making any purchase online, always follow due diligence in every respect and refer to the [ACCC Scamwatch](https://www.scamwatch.gov.au/) website for alerts in regard to online fraud and scams. Our advertised interest rates are for new goods but loans for used goods are available at cheap interest rates. **Contact Jade Finance by phone 1300 000 008 or online to secure your loan to make your wish list purchase.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Accelerated Depreciation X End of Financial Year](https://jade.finance/blog/accelerated-depreciation-x-end-of-financial-year) **Published:** June 17, 2024 **Author:** Publisher **Content:** Following the announcement of the Australian Government’s extension to the 2023/2024 $20,000 instant asset write-off, and as we approach the end of financial year, we thought it would be worth diving into the intricacies of accelerated depreciation and what the extension could mean for you. In this guide, we’ll explore what accelerated depreciation is, how it works, and the basic points of the instant asset write-off extension. ## What is accelerated depreciation Accelerated depreciation refers to the depreciation of an asset. This means the decreasing value or expense of an asset. Simply put, when an asset is new and at its most efficient – a company will use it the most. Due to this, the asset will depreciate the most in value during its first few years. This is accelerated depreciation. A popular strategy used by the government to stimulate spending is the accelerated depreciation of assets. This is also known as the instant-write off which we will discuss later in this guide. ## How does accelerated depreciation work With straight-line depreciation, an asset’s value will generally follow a steady trajectory over time. However, with accelerated depreciation, the asset will depreciate in cost and value the most during the early years of its lifespan, with a slower depreciation rate later on. The main difference between the two types of depreciation is timing. ## Types of accelerated depreciation The key types of accelerated depreciation are the double-declining balance (DDB) method, and sum of the years’ digits (SYD) method. Both methods are used to somewhat accurately reflect an asset’s diminishing value over time. With the DDB method, certain assets will be depreciated at twice the straight-line rate. This results in depreciation being the highest in the first year of ownership and declining over time. DDB provides a more aggressive depreciation method than SYD which has a somewhat smoother decline. With SYD depreciation, the total useful life of the asset is also taken into account. SYD results in higher depreciation expenses in the early years of an asset’s life, gradually decreasing over time. The choice between DDB and SYD will generally depend on the nature of the asset, its expected pattern of use, and regulatory or financial reporting requirements. ![](https://lh7-us.googleusercontent.com/docsz/AD_4nXemljzo_yDVMA9eKf0OBw5MCKFOgQr0Lyhz5wRoce4-dt3qBneSNGxvNhDJxT47ffsAQHiFOt22Qo-8GOR-5Zl6uMy5Fivf2-venfVLSbVOo4ax2_AFRgJkJ39tw-r-ArUvc5ns5NAm_Znt6TprwlOhO_IM?key=eGifXDOflO3Jh6PlvBrMxQ)## Benefits and drawbacks of accelerated depreciation The benefits of accelerated depreciation are that you can decrease your taxable income and increase your net cash flow. This is especially helpful for new businesses who may be having short-term cash-flow problems. Additionally, the money saved on taxes can be reinvested in the business to continue its growth. The drawback of accelerated depreciation is that it decreases the value of an asset faster than its actual use or wear and tear would require you to. Accelerated depreciation is also restricted to certain assets which can limit the usefulness of the method for some businesses. Additionally, accelerated depreciation can affect the resale value of assets, and have tax implications in the long term. Since accelerated depreciation results in a higher deduction in the earlier years of an asset’s useful life, the value of the asset may make it harder for businesses to sell it at a fair price in later years. And while accelerated depreciation can help businesses reduce their taxable income in the short term, if they sell a depreciated asset – they may have to pay higher taxes on the sale. ## Tax Benefits of Accelerated Depreciation In the short term, accelerated depreciation can have some income tax benefits. With this method, businesses can deduct higher expenses for eligible depreciating assets in their tax return for varying percentages during the first few years of the asset’s lifespan. However, as the asset is used less in later years, the expenses that can be deducted will be lowered. ## Aus Government extension of the $20,000 instant asset write-off In May 2024, the Australian Government announced it would extend the $20,000 instant asset write-off by a further 12 months until June 2025. The measure was previously announced as part of the 2023-2024 budget in relation to the 2023-24 income year. The announcement outlined that small businesses with aggregated turnover of less than $10 million will be able to immediately deduct the full cost of eligible assets costing less than $20,000. The assets must be first used or installed ready for use by 30 June 2025. The $20,000 threshold applies on a per asset basis so small businesses can instantly write off multiple assets. Small businesses can continue to place assets valued at $20,000 or more into a small business simplified depreciation pool, meaning that these assets can be depreciated at 15 per cent in the first income year and 30 per cent each income year after that. For more information, visit [instant asset write-off for eligible businesses](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/simpler-depreciation-for-small-business/instant-asset-write-off). ## How to calculate accelerated depreciation **SYD Accelerated Depreciation Method:** Depreciable Cost X (remaining useful life ➗ SYD) To calculate the SYD = (useful life X (useful life +1)) ➗ 2 **DDB Accelerated Depreciation Method:** 2 X (straight-line depreciation rate X start of year value) To calculate straight-line depreciation rate = (purchase price – salvage value) ➗ useful life ## Final Thoughts Accelerated depreciation is a key tool in a business’ financial strategy – especially in light of government incentives such as the Australian Government’s extension of the $20,000 instant asset write-off. As explored in this guide, the two main accelerated depreciation methods like the double-declining balance (DDB) and sum of the years’ digits (SYD) facilitate a faster reduction in asset value. Due to this – short-term tax benefits are enjoyed, as well as bolstered cash flow. While accelerated depreciation offers immediate tax relief and enhances liquidity, businesses must balance its benefits against its long-term implications. ## Find the perfect commercial lending product for you with an expert broker from JADE Finance Our [flexible commercial loans](https://jade.finance/business-loans/commercial-loans) provide you with the opportunity to upgrade your equipment, expand your fleet, or invest in new technology. Limiting your loan options to just one bank or lender is limiting your business growth and investment opportunities. Our [dedicated loan specialists](https://jade.finance/business-loans/business-loan-broker) break those limitations by offering more lenders, options and chances to reduce your financing costs. We have a wide [selection of commercial finance products](https://jade.finance/business-loans) available with flexible terms and conditions and our signature low interest rates. Get a [free online quote](https://jade.finance/business-loans/apply-for-business-loan), or call us on 1300 000 008. *DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.* **Categories:** Finance --- ### [5 Ways to Make Lemonade: Business Finance Tips](https://jade.finance/blog/5-ways-to-make-lemonade-business-finance-tips) **Published:** July 2, 2020 **Author:** Publisher **Content:** No matter which way you look at it, the first 6 months of 2020 has been an absolute lemon. For Australian businesses, employers, employees and the entire global economy. But as we hit the half-way mark, businesses are being encouraged to get out of the ‘holding pattern’ that we seem to have been in during this unprecedented crisis. Lockdowns, shutdowns, closed borders, travel restrictions, recession, restart, stimulus packages, recovery measures – with the fast-moving nature of events it’s been hard to stay ahead of the curve. With restrictions easing and the many sectors of the economy working back towards a new normal, now might be a great opportunity for you to assess your business finances and take steps to make lemonade from the lemon that is coronavirus crisis. [Jade Finance](https://jade.finance) provides a comprehensive range of business finance solutions and we offer some suggestions that may give your business a boost and the impetus needed at this time. ## **Tip 1: Utilise the current low interest rates** [RBA Governor, Philip Lowe](https://www.rba.gov.au/about-rba/people/gov.html), has given strong indications on a number of occasions, that he does not expect to reduce the official cash rate any lower than the current level. Interest rates are at historic lows now and now is the time to take advantage of the situation with cheap equipment, motor vehicle, truck or marine finance. Jade’s cheap interest rate policy doesn’t fluctuate with economic conditions – we’ll always source you the best rates, but the current rates make our deals even cheaper. Interest rates are the basis of equipment finance, truck loans, car loans and other finance and affect the overall total cost of a loan. With some large equipment finance deals running over 7+ year loan terms, the interest rate can make an extremely significant impact on the total cost of a loan, especially over that longer term. Acting now on those asset acquisition will give you the opportunity to secure cheap finance and for eligible assets for eligible businesses, also realise [additional tax benefits with the IAWO](https://jade.finance/blog/extension-to-iawo). ## **Tip 2: Refinance to consolidate debt** Are multiple loans restricting your business opportunities? If you’ve acquired several items of equipment or motor vehicles, possibly a number of caravans if you run a holiday parks, over the past few years, each with a separate finance contract, the multiple monthly repayments may be exerting pressure on your cash flow. Especially against the COVID-19 crisis backdrop, businesses are looking to be as flexible and fluid as possible. Jade Finance may be able to assist you with a refinance deal. This may involve rolling several loans into the one deal so you only have the one monthly repayment or looking at each loan separately and seeing what options would benefit you. Be mindful that lenders charge fees for paying out a loan early, so any benefit to be realised would be considered against the costs incurred. If you have finance from your bank, it may be the right opportunity to ‘have the chat’ and talk a better deal. But you wouldn’t have to do that yourself. When you engage Jade Finance as your finance broker, your consultant can handle the discussions and use our finely honed negotiating skills to deliver a better outcome. ## **Tip 3: Free up funds with Debtor Invoice Funding** While you may have traded through the crisis well and are well-placed moving forward, perhaps it’s your customers that are passing on their problems to your business. You may be experiencing slow payers and having to wait 60+ days and longer for invoices to be paid. That’s income that you might require to pay your own bills, your staff and invest in new equipment. All tied up while you wait for your customers to pay up. If you’ve been going along with this practice perhaps for years, maybe 2020 is the time to say ‘enough’! Time for a solution. Jade Finance offers highly effective [Debtor Invoice Funding](https://jade.finance/business-loans/debtor-invoice-funding) which is designed to allow businesses to better manage cash flow. This loan facility allows you to receive a percentage of your invoices at the time the invoice is raised via a lender and the balance, usually set at a small percentage of the overall invoice, at a later date. The cost is relatively small and interest is payable only for the outstanding time. We’ve detailed Debtor Invoice Funding in our website, so head to that page for all the information or speak with a Jade Finance consultant to discover how this finance may transform the way your business operates. ## **Tip 4: Get a better overdraft deal** Most businesses operate with a bank overdraft. It’s almost essential in some sectors. But the interest rates and strict bank conditions and guidelines can pose challenges. Jade Finance offers an alternative with a Business Overdraft arranged through a non-bank lender. The facility operates on similar lines as an overdraft except it is not through your transactional bank. We’ve covered all the details on this operates on our dedicated Business Overdraft web page. Have a read and if you’re think that is a solution which may work for you – give us a call. ## **Tip 5: Ease cash flow pressure from large insurance premiums** Commercial insurance policies with one single annual premium payment can place major pressure on businesses when that payment is due. Unlike many consumer insurance policies, most commercial insurers do not offer instalment payment options. Insurers don’t, but Jade Finance does offer a solution – [Insurance Premium Funding (IPF)](https://jade.finance/insurance/insurance-premium-funding). A specialist lending product which your Jade consultant can negotiate with lenders offering the facility. Your large premiums may be split into 6 monthly or quarterly payments with interest and fees applicable. Jade Finance offers a range of business finance solutions that may be just what your business needs to ensure the rest of 2020 and FY21 is successful and profitable. **Contact Jade Finance to discuss finance solutions for your business. Call 1300 000 008** **Categories:** Information --- ### [5 Compelling Reasons to Choose a Chattel Mortgage for your Next Business Loan](https://jade.finance/blog/5-compelling-reasons-to-choose-a-chattel-mortgage-for-your-next-business-loan) **Published:** June 17, 2024 **Author:** Publisher **Content:** You’ve returned home from a vibrant office party where the boss was showing off the new company car. It was a great evening but as you’re relaxing on the couch, a confusing term lingers in your mind… “chattel mortgage”. You’ve heard the term before but the true meaning of it has always eluded you. Typing the term into your phone or computer – you’re eager to find out exactly what it means before the next office party. ## So, what is chattel mortgage and how does it work? The word ‘chattel’ adds confusion to the minds of many people, but it’s a much simpler term than it sounds. ‘Chattel’ just means the things you own. But in this context, chattel refers to moveable goods like your business car, equipment, or anything else you can take with you if you move. So when discussing ‘chattel mortgage’, people are referring to a loan where you use your moveable goods as collateral. With chattel mortgage, the lender will provide the upfront funds for your business to purchase the moveable goods it requires. A repayment period and schedule will be agreed upon and when the asset is paid off, your company will own the goods outright. However, with a chattel mortgage, If you are unable to pay back the lender, they can take the goods away. ## Why should I choose a chattel mortgage? Many finance brokers consider a [chattel mortgage](https://jade.finance/business-loans/chattel-car-mortgage) to be the top financing option for a business as it is often the only way a business can acquire an asset and use it straight away. Although there are many motivations to choose a chattel mortgage for your next business loan, here are 5 compelling reasons why. ### 1. No Down Payment One of the key benefits of chattel mortgages is that many lenders will not require a downpayment on assets bought through the loan. Lenders will typically finance 100% of the asset price, including GST. However, a business may choose to voluntarily pay a deposit to lower their loan amount and monthly repayments. ### 2. Lower Interest Rates Chattel mortgages can also often save you money. This is because the interest rates on chattel mortgages are usually lower than unsecured loans, and you can choose between a fixed or variable interest rate. With a fixed interest rate, the rate will stay the same throughout the loan and your repayments will stay the same. With a variable interest rate, your repayments could go up or down in accordance with interest rates. [*Unsecured Loan*](https://jade.finance/personal-loans/unsecured-personal-loans)*:* Does not require you to provide any collateral. The lender relies solely on your creditworthiness and promise to repay. Student loans, credit cards, and personal loans are unsecured loans. [*Secured Loan*](https://jade.finance/car-loans/personal-secured-car-loans)*:* Requires you to provide collateral to the lender which can include your home, car, or any other valuable asset. A chattel mortgage is a secured loan. ### 3. Flexibility One of the top reasons chattel mortgage is a popular choice for purchasing commercial vehicles or equipment is because business owners are able to dictate whether they want to pay more or less each month depending on their financial situation. There is also an option to make a balloon payment at the end of the loan which is a lump sum payment which acts to decrease a business’s monthly payments over the repayment period. ### 4. Tax Deductions 4. If you are running a business and need to purchase a vehicle or equipment, by choosing chattel mortgage you can potentially save money on taxes. This is because the GST-inclusive purchase price of the asset is financed and you can claim an input tax credit up-front. Another benefit is that your business may be able to claim back GST for the interest paid and the depreciation value of the vehicle at the end of the tax year depending on how often you use the asset for business purposes. ### 5. Security Chattel mortgages provide some security to businesses. This is because although the company does not own the asset outright yet, companies can make use of the vehicle for business purposes immediately. With no down payment required, companies don’t need to tie up a large chunk of their capital and can instead set up their monthly repayments against other business expenses. This is extremely beneficial if the company is intending to lease the vehicle they have taken ownership of because they could make a profit on the purchase price. Simply put, a chattel mortgage provides security to businesses looking to purchase a vehicle for business use because it allows them to keep their cash flow stable. ## Conclusion In summary, the majority of [commercial finance brokers](https://jade.finance/business-loans/business-loan-broker) consider chattel mortgage to be the top financing option for a business. Although there are many motivations to choose a chattel mortgage for your next business loan, the five reasons outlined in this guide should help you understand why. ## Want to finance your next business loan via chattel mortgage? JADE Finance Australia is the only place you need to look. As chattel mortgage is an extremely popular financing product, most banks and finance companies offer it. However, at JADE, our experienced brokers are not limited to one offer by one source. We have a large portfolio of lenders who we will compare and assess to find the best deal for you and your business. Save yourself time and paperwork by calling JADE Finance. For further financing information or to request a quote, [**contact us**](https://jade.finance/) today. ##### ***Please note the information provided in this guide is for general educational purposes. Speak with a broker at JADE Finance to see if chattel mortgage is right for your business needs.*** **Categories:** Finance --- ### [2021 Highest Selling Trucks Revealed](https://jade.finance/blog/2021-highest-selling-trucks-revealed) **Published:** January 24, 2022 **Author:** Publisher **Content:** Keeping supply chains open and operating smoothly through the pandemic and the surge in the demand for home deliveries and online shopping has created a lot of extra work for truck owners and operators. Extra work which in many cases has called for the need to purchase new trucks. Small businesses have also found the need to purchase a truck to be able to compete in the online ordering space. Add in the appeal of [temporary full e](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) [xpensing](https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/temporary-full-expensing) and cheap interest rate truck loans and the scenario was primed to deliver impressive truck sales figures. The truck sales figures for the past year have been released and the 2021 highest selling trucks also revealed. For those in the market for a new truck, checking out the 2021 highest selling trucks can provide insights for buyers. But global supply chain issues and shortages of computer chips impacted the truck manufacturing sector over the past few years, the sales figures by brand should be reviewed in context. Some brands had particular issues which may be reflected in their sales results. ## **Overall Yearly Truck Sales** The sales of new trucks for 2021 fell just marginally short of the record set in 2018. Tony McMullan, CEO of the Truck Industry Council (TIC) on release of the figures described the result as not a small achievement due to the multiple issues faced by the industry. Light duty trucks posted the best growth in 2021 compared with the other segments. But overall the sales were up 20% compared with 2020. A number of brands including Fuso and Mercedes-Benz posted impressive results primarily on the back of release of key new models. ## **Brand Sales Results** While it is great for the truck manufacturing sector to post great overall figures, for potential buyers, the main interest is in which particular makes are drawing the greatest interest from buyers. In other words, which trucks were the best sellers? When considering best-selling figures it is worth noting what percentage growth that brand posted over the previous year as well as their ranking. Also keep in mind if that badge released a particularly impressive model last year. Top seller again and for the 33rd year in a row went to [Isuzu](https://www.isuzu.com.au/) (23% growth), followed by Hino (30% increase), Fuso (35% increase), then Kenworth, Mercedes, Volvo followed by IVECO then Scania and UD Trucks with DAF rounding out your top ten overall highest selling truck brands. ## **Segment Highest Sellers** The figures are further broken down into heavy, medium and light duty segments. Heavy duty trucks have been in high demand to keep the supply chains open especially in stocking supermarket shelves during the pandemic. ## **Heavy Duty Highest Selling Truck Brands:-** - Kenworth - Volvo - Mercedes-Benz - Scania - DAF - Hino - Fuso - Mack - UD Trucks ## **Medium Duty Highest Selling Truck Brands:-** - Isuzu - Hino - Fuso - UD Trucks - IVAECO - MAN - Mercedes-Benz - Volvo - DAF - Dennis Eagle ## **Light Duty Highest Selling Truck Brands:-** - Isuzu - Hino - Fuso - IVECO - Fiat - Mercedes-Benz - Renault - Hyundai - Ford - Volkswagen ## **Securing a High Selling Truck with a Low Interest Rate Loan** Clearly many truck operators have taken advantage of the low lending rate situation and temporary full expensing to acquire new trucks to expand their fleet or upgrade to new models. Not only can cheap loans and investment incentives deliver financial benefits to a business, but upgrading to more fuel efficient and reliable vehicles can improve productivity to deliver a benefit to profitability. New generation trucks typically include advanced safety features which provide improved safety for the truck, driver and other road users. An important consideration for all responsible truck operators. Truck buyers have the choice of a [number of loan type](https://jade.finance/truck-loans)s for their new purchase:- - Truck Lease - Truck Rental (Rent to Buy) - Chattel Mortgage - Commercial Hire Purchase (Hire Purchase) For those looking at temporary full expensing, Chattel Mortgage is the way to go. With this form of finance the truck is posted to the balance sheet of the borrower and a tax deduction realised through depreciation of the asset. With Lease and Rental, the truck remains under the ownership and on the balance sheet of the lender. The borrower does receive a tax deduction as the lease and rental payments are tax deductible. Another attractive reason to purchase new trucks now is to take full advantage of the current low interest rate situation and avoid the inevitable rate rises. Jade Finance arranges truck loans at a fixed interest rate. This means that the [cheap rate](https://jade.finance/truck-loans/truck-finance-calculator) achieved when the loan is set up remains in place for the full, up to 7 years, of the truck loan term. So when rates rise (the RBA is saying 2024 but some think it will be sooner) fixed interest rate loans will be unaffected. Plenty of solid reasons to upgrade your truck or your entire fleet with a model from one of the highest sellers of 2021. **Contact Jade Finance 1300 000 008 to apply for cheap interest rate truck finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [2020 Mid-Year Review](https://jade.finance/blog/2020-mid-year-review) **Published:** June 26, 2020 **Author:** Publisher **Content:** The business community has faced extraordinary challenges through the first half of calendar year 2020 which unfolded at a pace that left many struggling to keep up the press conference announcements let alone address impacts and solutions. We’re providing this review of key economic and finance issues of the past 6 months to put the situation in perspective and to catch up on opportunities you may have missed. Bushfires, extreme rain events and COVID-19 rolled out one after the other and while the rain was a drought-reliever for the agricultural community, there was very little else for business to celebrate with these unexpected events. By the middle of the year, we would usually have the policies of the Federal Budget to analyse and incorporate into our business planning. But as the Budget has been postponed until October, we’re confining our review to what is already on the table. The [reality is that the economy is in recessio](https://www.abc.net.au/news/2020-06-03/australia-recession-was-obvious-regardless-of-gdp-figures/12316552)n and unemployment rose as expected over March, April and May as a result of business closures due to coronavirus. However, on the upside, interest rates remain low, consumer confidence rose in June following several months of low levels and both the federal and state governments continue to roll out new programs to assist business through the recovery phase. ## **Government Support for Business** - The Morrison Government announced billions of dollars in support to individuals and business throughout the coronavirus pandemic with the [JobKeeper and JobSeeker along with cash payments to SMEs](https://treasury.gov.au/coronavirus/businesses) key initiatives. Some of these initiatives are due to expire on 30 September and businesses are waiting for an announcement, expected late July, on how JobKeeper in particular will look moving forward, if it continues at all. - Instant Asset Write Off (IAWO) was another key element and the original deadline for this scheme has already been [extended from 30 June to 31 December](https://jade.finance/blog/extension-to-iawo). So eligible businesses still have time to acquire assets and take advantage of the tax deductions in 2020/21. If you missed the detail on IAWO, check our articles as we posted a number which cover it or call us 1300 000 003 and discuss finance for your proposed asset purchases with our consultants. - State governments rolled out various targeted measures with most including relief for payroll tax and other fees and charges. Additional state grants keep appearing, so check with your state treasury or industry department for what’s on offer. - Infrastructure, building and construction and boosting Australian manufacturing are flagged as drivers for economic recovery. If you operate in these sectors and would like finance to purchase equipment to be prepared to capture opportunities as they emerge, contact [Jade Finance](https://jade.finance/). ## **Economic Outlook** Against the backdrop of such an unprecedented year and unpredictable events, it’s challenging to even ponder let alone forecast what’s ahead. The markets are continuing the volatility they have shown all year, reacting to both domestic and international conditions and there are both potentially good indicators for some sectors and challenges for others. We’ve compiled a few points of note in relation to our sphere of interest: - The [Reserve Bank’s quantitative easing measures](https://www.theguardian.com/business/2020/mar/19/quantitative-easing-what-is-it-and-why-is-the-reserve-bank-of-australia-considering-it) implemented in response to the economic impacts of COVID-19 are designed to allow lenders easier access to cheaper funds to stimulate investment. - While lenders initially tightened lending restrictions early in the crisis, we are now seeing an easing and good finance deals are available for the purchase of cars, boats, equipment, motorbikes, trucks, caravans and other business assets. - Interest rates are not expected to drop further but expected to be kept low for some time. - As businesses reopen and restrictions are eased, consumer confidence is showing a rise. - The risk of a second wave of coronavirus is a very real threat and may result in at least targeted restrictions being implemented. Businesses need to stay alert and agile to quickly pivot to an operational status to meet these restrictions. - The costs of creating a COVID-safe workplace have been a significant impost to many businesses. Some of these requirements may be in place for some time. Contact us if you require finance to cover investment in further measures to meet the requirements. - Recent [urgent alerts around the risk of cyberattacks](https://www.jadeequipmentfinance.com.au/blog/addressing-the-risk-of-cyber-attack) is a wake-up call to all businesses to address their IT systems. Many businesses run complete computer-controlled operations and a denial of service or ransomware attacks can bring the business to a standstill. If you require finance to upgrade your systems, contact us for a quote. ## **Jade Support for Business** Prior to, throughout and after the peak of the coronavirus crisis we’ve continued to provide our services to our business and personal customers. We did encounter issues for some customers when lenders tightened their guidelines, but the situation has eased. With 2020 presenting a lot of financial challenges that many businesses have never had to previously consider, we remind you that our services extend to a wide range of business financial requirements: - Chattel Mortgage, Leasing, CHP, [Novated Car Leasing](https://www.jadecarloans.com.au/novated-car-leasing-and-salary-sacrificing.php) and Rent to Own for Motor Vehicle - [Marine Vessel Finance](https://jadeboatloans.com.au/) - Debtor Invoicing Finance - Non-Bank Lender Overdraft - Insurance Premium Funding - Business Loans – secured and unsecured We hope this update has provided you with information to move forward with your business purchases and investment plans and we welcome your call for a confidential discussion on how Jade Finance can assist with great finance. **For cost-effective business finance contact Jade Finance Call 1300 000 008** *DISCLAIMER:THIS INFORMATION HAS BEEN PROVIDE AS GENERAL MATERIAL FOR YOUR CONSIDERATION. INFORMATION IN REGARD TO GOVERNMENT POLICIES IS SOURCED FROM OFFICIAL AUSTRALIAN GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ERRORS IN PRESENTATION OR IN THE INTERPRETATION OF FACTS OR THE COMMENTARY AND ANALYSIS OF INFORMATION WHICH IS AVAILABLE IN THE PUBLIC DOMAIN. INDIVIDUALS ARE ADVISED TO CONSULT WITH THEIR FINANCIAL ADVISOR OR ACCOUNTANT FOR SPECIFIC ADVICE REGARDING THEIR INDIVIDUAL SITUATION.* **Categories:** Information --- ### [Why January could be ideal timing for new assets with equipment finance](https://jade.finance/blog/why-january-could-be-ideal-timing-for-new-assets-with-equipment-finance) **Published:** January 13, 2023 **Author:** Publisher **Content:** For many business owners, January is kick-back time. It’s been a challenging year with cost and labour pressures, impacts of floods and supply chain challenges in many industries. You’ve earned a break. But for shrewd operators, January is kick-start time. Time to lock in new machinery acquisitions with equipment finance to be well-prepared for the ‘working year’. **January can be an ideal time for new acquisitions with equipment finance to stay ahead of rate rises, meet tax benefit deadlines and bag new year deals.** The potential benefits can be worth sacrificing a small amount of kick-back time, especially if it means securing cheaper interest rates prior to the [RBA’s](https://www.rba.gov.au) February interest rate decision. We present some of the key reasons as to why January could be the month to get your business ready and raring to go for 2023. ## Deal with the Tight Labour Scenario In some sectors there has been a seismic shift in the labour market, in working schedules and employee behaviours. Remote working has become the norm, there’s even talk of a 4 day working week and many employers are dealing with serious worker shortages. Australia is recording some of the lowest unemployment rates in decades and those low rates are tipped to continue into at least the early part of 2023. Instead of waiting to see how it all may play out, January may be a smart time to start thinking how your operation is going to operate to optimum levels with possible shortages in the roster. The keyword here being productivity. Getting more output with the same labour force. The solution may be more efficient machinery and equipment which can deliver those productivity improves. It may mean excavators that have larger buckets, it may mean specific machines to suit tricky sites such as compact excavators to save time on access. It may mean new digital processing systems to computerise certain processes within the manufacturing or logistics operation. ## Balancing Cash Flow with Inflation Pressures Inflationary pressures are causing grief for households and businesses. The December quarter figures due out this month, will reveal the true situation. But based on the RBA’s outlook, high inflation is expected to continue through 2023. Relieving pressure on costs may be achieved through more efficient equipment. It could be fuel efficient machines or energy-efficient equipment. It may be upgrading the cars or trucks to EVs or hydrogen to reduce fuel costs. ## Capture Current Offers and New Year Sales Get in early for the deals on offer. Bobcat Australia for example has a few offers available until 31 January. Including for a bundle which includes a [38 horsepower tractor with a mulcher](https://bobcatofaustralia.com.au/Promotions/69/Bobcat-Tractor-Mulcher-Bundle). Check out manufacturers and dealers in your sector and [use our Finance Calculator](https://jade.finance/equipment-loans/equipment-finance-calculator) to work up estimated finance repayments to see how much you could be saving. ## Starting a New Business A new year always brings change. For many that is a new business. Time to break free and become your own boss as an owner-operator contractor. But the hurdle for most in this position is the equipment and machinery finance. Most new businesses simply can’t meet the business finance criteria of the major banks. Particularly in regard to time in business and with financials. We assist these new operators with affordable, individually negotiated Low Docs and No Docs Equipment Finance and even [assistance for those with bad credit](https://jade.finance/business-loans/business-finance-bad-credit). Speak with us now so we can source the best equipment finance offer from across our vast lender panel including specialist non-bank lenders and get you set up to do business asap. ## Be Ahead of RBA Rate Decisions Interest rates dominated the conversation in 2022 with RBA rate increases every month starting from May. These increases could continue in 2023 though the outlook is possibly slightly uncertain. The RBA Board has consistently stated in the conclusion of each monthly rate announcement, that further rate rises would be needed in order to get inflation back to target. But in the minutes of the December 2022 meeting, it reveals that the Board actually considered halting rate rises and also considered the arguments for another large hike of 0.5%. With all the options on the table, it will be a wait to see situation. The RBA Board does not meet in January so the next interest rate rise won’t be announced until the first week of February. Another reason why January is an ideal month to get[ equipment finance sorted at our current interest rates](https://jade.finance/equipment-loans/best-equipment-rates). ## Don’t Miss Out on Special Tax Measures In our posts we’ve been reminding customers of an approaching deadline and once again we’ll do so – temporary full expensing or Instant Asset Write-off expires on 30 June 2023. This is a very generous tax benefit as it allows the full investment price of new assets such as equipment and machinery to be realised in the year that those assets were acquired. For those still on the sidelines with this, this could be the ideal month to move to centre field on the issue. The benefits can be worthwhile, especially when matched with our current [cheap rates on the Chattel Mortgage](https://jade.finance/equipment-loans) equipment finance. So there you have a lot of reasons to kick-start rather than kick-back this month to ensure your business kicks-on through 2023. **Contact Jade Finance 1300 000 008 for quick quotes on cheaper equipment finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Guide to Assistance with Consumer Loans and Business Finance](https://jade.finance/blog/guide-to-assistance-with-consumer-loans-and-business-finance) **Published:** January 31, 2022 **Author:** Publisher **Content:** Whether it’s a loan to purchase a small car for personal use or finance to acquire large-scale machinery and equipment, the decision to apply for and take on finance can be a major consideration. The significance of loans and finance is of equal importance regardless of the amount of the loan. It’s all relative to the specific circumstances of the individual or business and all should make decisions from a well-informed position. When seeking consumer loans or business finance there is information, resources, loan tools and professional services readily available to assist with the process. To assist both individuals and business in the process of making informed decisions and securing affordable, cost-effective loans, we have prepared this guide to where information and help can be sourced. In order to achieve personal financial goals and be well-informed to interact with financial institutions, financial literacy is an important proficiency to be acquired. ## **Professional Finance Service Providers** The terms financial consultant, financial counsellor, finance broker and financial advisor are used to describe roles and services in the financial services sector. What assistance is provided with depending on the individual providing the services and their specific areas of expertise. In general terms, a financial consultant may advise on general investment, funding and superannuation matters. A financial advisor can be another term for a consultant and they can offer a similar range of services. A financial counsellor is a person that assists primarily individuals but also businesses that are in financial difficulties. They work with clients to seek solutions for problems, establish good budgeting practices and provide financial literacy education. An accountant can provide businesses with advice on choice of finance products and in some cases may also be a financial advisor or consultant. A tax agent is typically only involved with preparing tax returns. A finance broker such as [Jade Finance](https://jade.finance) has the specific role of sourcing, negotiating and structuring loans and finance. Jade Finance works in both consumer loans and business finance with individuals and businesses. Some finance brokers may specialise in specific areas only. Our services are available to all individuals and all types of businesses including those that are relatively new or just setting up. We also work with customers with credit issues to source workable loan solutions for their requirements. Specialist resources may be required by those that have English as their second language. Reaching out to the relevant government department or body or a community group may be required to source the necessary resources in the language required. ## **Consumer Finance Information** Consumer finance is regulated by [ASIC](https://asic.gov.au/) and lenders that offer finance or finance sourcing services to individuals for personal loans are required to be licensed under ASIC. Jade Finance is a Licensed Credit Provider. Individuals can source information on personal loans, what to expect from a broker and other lenders, what is required in the application form and other details at the ASIC website. Another valuable source of information on consumer credit and loans is [MoneySmart](https://moneysmart.gov.au/). This is a Commonwealth Government website and has details on a wide range of finance topics. An important part of the loan application assessment process is the lender reviewing the credit profile or score of the applicant. Individuals can source information on how they access a free copy of their credit report at MoneySmart. It also includes steps that individuals can take to repair their credit score. This means removing any errors which may appear and taking steps to remove any outdated entries. For individuals that intend to apply for loans at some time in their life, it is very important to maintain a good credit profile and score. Critical to this is making payments for bills, credit cards and other loans in a timely fashion. Banks, lenders and providers can report missed payments and defaults to credit reporting agencies and they can be noted on a profile. ## **Business Finance Resources** When considering business finance for the acquisition of vehicles and equipment a key decision for business owners is around which [finance product](https://jade.finance/equipment-loans) to select. Each loan types offers a varying range of benefits depending on the set-up and objectives of the business. The role of Jade Finance is to source the finance and negotiate with the lender while it is the role of the accountant or advisor to assist businesses with making a decision on the loan type. The ATO website provides business owners with a wide range of information on tax rulings and other issues which may have an impact on finance. [Business.gov.au](https://business.gov.au/) is another government website which provides a range of general information for business owners. It may assist those seeking a greater understanding of some aspects of the finance process. ## **Loan Tools** Jade Finance provides a selection of loan tools which both individuals and businesses are welcome to utilise. As the interest rate differs according to the category of the goods being acquired and for personal loans compared with business finance, ensure you are using the correct calculator and/or interest rate. Our [finance calculators](https://jade.finance/personal-loans/personal-loan-calculator) and [interest rate comparison charts](https://jade.finance/business-loans/best-business-loan-interest-rates) are free to use, available to all users and easy to operate. You can use them as often and for as many different makes/models of goods you like. To assist individuals and businesses be confident in making decisions around loans and finance, we continue to add articles to our news and tips library to elaborate and explain key topics and current issues. **Contact Jade Finance 1300 000 008 for consumer and business finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [How loans are affected by borrowing power](https://jade.finance/blog/how-loans-are-affected-by-borrowing-power) **Published:** December 7, 2021 **Author:** Publisher **Content:** When seeking all types of loans and finance, for both consumer and business purposes, there are numerous issues that will come into play to determine the loan offer made. One of these is borrowing power or borrowing capacity. For those considering making a major purchase with finance, Jade Finance explains borrowing capacity and how loans are affected by borrowing power. Borrowing power can have an impact on the interest rate offered, the loan amount approved and in some instances the type of loan product. All these aspects may have an impact on exactly what goods – make, model, ticket price – that can be purchased. So before getting that wish list or purchase locked-in and possibly a non-refundable deposit paid, it may be worth understanding how individual borrowing power may have an influence in the buying decision. ## **Borrowing Power: Overview** Borrowing power is also known as [borrowing capacity](https://moneysmart.gov.au/) and is, in the most simplest terms, an individual’s or business’ capacity to take on a loan or debt. That is how much a person or business may be approved to borrow in terms of loan amount. If you’ve ever applied for or considered taking on a home mortgage then you would likely have encountered the term borrowing capacity. It is widely used in that lending market and many home mortgage lenders will provide calculators for loan applicants to calculate their borrowing capacity. This provides a useful guide to what price range they should be considering. When it comes to our area of lending – consumer and business finance – the borrowing power of the loan applicant will form part of the overall loan approval process. While we may not use that specific term widely, it is an integral part of our business. Understanding how borrowing capacity is assessed or calculated by lenders can give buyers a better indication of the price range of cars, boats, caravans, motorcycles, trucks or business equipment they should be considering. When deciding on a major purchase with finance, most people will have a figure in mind that they can afford in terms of loan repayments. But in some cases, that figure may be stretching their budget or their expectations and may vary from the specific capacity as assessed by a lender. It should be noted that Jade Finance is a Licensed Credit Provider which is a status conferred under [ASIC](https://asic.gov.au/). This means we abide by the Responsible Lending Guidelines and Australian Consumer Credit Laws. These clearly state that a loan offer cannot me made to a consumer where it is deemed inappropriate. Lenders will use information as supplied by loan applicants and through their own research to assess borrowing power. It includes evaluating a range of financial data including income from all sources, debts and loans including credit cards, weekly and ongoing household and general expenses. The assessment can include a consideration of spending habits – what discretionary income is spent on. The credit profile is an important part of the loan approval process but this relates more to the trustworthiness of a person to repay a debt than the actual capacity to meet the repayments. A good credit score does not equate necessarily to an increased or enhanced borrowing capacity. But having a good credit score and strong credit profile is essential to achieving the cheapest loan offer. ## **Impact on Loans and Finance** Borrowing power can affect the type of loan offered and the elements of any loan offer but especially the total loan amount. It is relevant to boat loans, car loans, caravan finance, motorcycle loans, truck loans and all types of business finance. When applying for a loan, the applicant will usually have decided on the purchase and a total loan amount requested decided on. If the borrowing capacity as assessed by the lender is not in line with that request, a number of outcomes may unfold:- - If our consultants assess the amount requested as potentially not meeting capacity guidelines, we will advise the customer upfront and discuss the options to change the loan application accordingly. - The loan application may not be approved by that lender. As we are accredited with many lenders we will be handling the process and be approaching the most appropriate and suitable lender. - The lender may request that the loan amount is reduced to a lesser amount in order for the application to be approved. These opens a number of pathways for the buyer. They can decide to pay a deposit on the goods from their funds and hence reduce the loan requested or they can select a lower priced model or make of those goods. - A [higher interest rate](https://jade.finance/car-loans/car-loan-interest-rates) may result of a high risk assessment of the application. Our customers are not obligated to accept offers, it is their decision. We would discuss the options and source other loan offers in these cases. ## **Improving Borrowing Capacity** With this information on borrowing power, those considering a loan may wish to address certain aspects of their financial situation with a view to improving their borrowing power prior to submitting a loan application. Ways of achieving that may include:- - Cutting back on non-essential spending over a period of time. - Reducing debt levels by paying off any credit card balances or finalising other loans. - Considering options for cheaper priced makes and models. To assist with all buying decisions, we invite you to use our [finance calculators](https://jade.finance/personal-loans/personal-loan-calculator). While they do not allow for consideration of borrowing capacity in the computations, they do deliver repayment estimates as a useful guide for buyers. **Contact Jade Finance by phone 1300 000 008 for quotes on both personal and business finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Is NOW the right time to buy?](https://jade.finance/blog/is-now-the-right-time-to-buy) **Published:** August 17, 2020 **Author:** Publisher **Content:** While everyone’s circumstances are different when it comes to making major purchase decisions, there are different seasons, cycles or financial scene conditions which may make some points in time a better time than another to proceed with that purchase. That may be a personal purchase of a cars, boat, bike or caravan or a business acquisition of vehicles, trucks or equipment. Specifically we’re talking about purchasing with a personal loan or business finance deal. At [Jade Finance](https://jade.finance) we’re not across your personal situation to advise you, that is the role of your accountant or financial advisor. But we are across the finance scene and the markets for many goods and equipment. We’ve put our combined expertise to work to provide our take on whether or not this is the right time to buy. ## **The COVID-19 Factor** Nothing happening in the world these days seems to be able to be considered without taking into account the effect of the coronavirus pandemic. It’s dominated world events, economic issues and personal lives for some time and it is quite an unknown factor in many respects. As far as finance goes, in Australia, COVID-19 has been in part responsible for driving interest rates down to historic lows. The official interest rate was relatively low before COVID emerged but as a stimulus measure, the Reserve Bank has reduced the rate even further and looks like keeping rates low for some time. This means that lenders can source their funds at lower rates to make finance more readily available at cheaper rates to individuals and businesses to stimulate spending. So in regard to sourcing loans, the current low interest rate conditions do make for an attractive time for borrowers. On the general economic scene, the outlook is not so good in some sectors thanks to COVID. The impacts of a recession and high unemployment may deter some from taking on loans at this time. But some industries, individual sectors and regions are doing better and that may affect your individual decision. The coronavirus has led to numerous stimulus and recovery measures and initiatives by both Federal and state governments which make the prospect of acquiring assets quite attractive. Some of the measures such as [Instant Asset Write Off](https://jade.finance/blog/extension-to-iawo) do have a cut-off date. So if you want to take advantage of these measures and realise the tax benefits, now is probably a good time to buy. The shutdowns caused by the pandemic has left some suppliers and manufacturers with excess stock which they need to move. This can mean great prices on goods such as cars, trucks and equipment. Good value deals are on offer through many dealers. In a reverse take, coronavirus has many people looking at ‘staycations’ which has led to an apparent surge in demand for boats and caravans especially. For new goods, this may mean perhaps prices are still OK but supply may be low or delivery delayed. Many caravans are custom-built to order and buyers usually have to wait a while for delivery in normal circumstances. With big demand, manufacturers may be running at capacity so buyers may have to wait a bit longer than usual. So if you want your new boat or caravan well in time for the summer holiday season then now would probably be a good time to place your order. ## **The Car Market** Car dealers and manufacturers traditionally offer some of their best clearances in June-July to coincide with the end of the financial year. While these are over for 2020, many will still be offering plate clearances in the lead up to the end of the year and another reason to consider a [business vehicle finance](https://jade.finance/business-loans/business-car-finance). The car market was impacted by shutdowns and they should have stock to move, so deals should be available. ## **Truck Market** The transport sector has continued to operate and construction is flagged as being a major driver for economic recovery. New projects and work may be available in your sector so now could be the time to invest in that new vehicle so you’re ready to grab the opportunities as they arise. ## **Equipment Scene** Jade provides equipment finance across all industry sectors so it is difficult to give a take on such a broad and diverse area. We are seeing new models of heavy equipment continuing to be released into the market which may indicate a good time to invest in the latest technologies. ## **The Finance Wrap** Many of our lenders, especially the banks, were under pressure early in 2020 but we are seeing lending return to more workable conditions. Interest rates are low, Jade Finance is working as normal and ready to assist you. While the final decision to purchase is your individual choice, Jade Finance can assist with a no obligation quote on finance. Your consultant can source you’re a quote for a car, boat, motorbike, caravan and [truck loans](/truck-loans) for your consideration. If it meets your approval, only then do we proceed to finalise. There’s no obligation in requesting a quote. So is now the right time to buy? We’ll side-step that slightly and say now may at least be the right time to ask for a quote on a personal loan or business finance deal. **For a quote on the purchase of goods for your personal use or equipment and vehicles for your business, please feel free to contact Jade Finance on 1300 000 008** *DISCLAIMER: ALL INFORMATION PRESENTED IN THESE ARTICLES IS FOR GENERAL INFORMATIONAL PURPOSES AND BUSINESSES AND INDIVIDUALS SHOULD SEEK INDEPENDENT FINANCIAL ADVICE IN REGARD TO THEIR OWN FINANCIAL DECISIONS AND CIRCUMSTANCES. DETAILS ON GOVERNMENT MEASURES, POLICIES AND GUIDELINES AND VEHICLE DETAILS AND SPECS HAVE BEEN SOURCED FROM PUBLICLY AVAILABLE WEBSITES AND SOURCES. LIABILITY IS NOT ACCEPTED FOR ERRORS IN INTERPRETATION OR PRESENTATION OF ANY FACTS AND DETAILS FROM THIRD PARTIES. WE ADVISE INDIVIDUALS TO CHECK DETAILS DIRECTLY AT THE THIRD PARTY SOURCE IF REQUIRED.* **Categories:** Information --- ### [How Can I Improve My Credit Score?](https://jade.finance/blog/how-can-i-improve-my-credit-score) **Published:** July 29, 2024 **Author:** Publisher **Content:** Imagine a document that could tell someone everything they need to know about you. Not possible, right? Wrong. A credit report is that document. It tells lenders exactly what they need to know about your financial situation to decide whether they should lend to you. In your credit report, one of the most important pieces of information is your credit score. It is a critical measure of your financial health and tells a lender exactly how responsibly you use credit. ## Why does a good credit score matter? Credit scores measure your ability to manage debt. Simply put, the higher your score, the more responsible you appear to lenders. With a good credit score, you’ll be considered a lower-risk borrower, while those with poor credit ratings will be considered higher risk. The benefit of maintaining a good credit score is that you’ll generally be able to achieve better loan terms and easier approvals, which can lead to significant savings over the course of your life. Credit scores influence almost every aspect of your financial life. If your score is low, you could get declined for housing, loans, insurance, jobs, and more. ## How to access your credit score Individuals are entitled to receive a number of free copies of their credit report every three months. There are companies that advertise a fee to provide a copy of a credit report. Before jumping in for those services, it may be advisable to consider your free options first. The Federal Government [MoneySmart](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) website provides information on where to access a free copy of your credit report. This information includes the contact details for several credit reporting agencies. ## What is a good credit score? Different reporting agencies have different definitions of what scores are of a ‘good’ credit rating. The table below demonstrates which scores the three reporting agencies in Australia consider to be below average, average, good, very good, and excellent. RATING**Equifax** **Experian****Illion** **Below Average** 0 to 4590 to 5490 to 299**Average**460 to 660550 – 624300 to 499**Good**661 to 734625 to 699500 to 699**Very Good**735 to 852700 to 799700 to 799**Excellent**853 to 1200800 to 1000800 to 1000## How to build good credit? Having a good credit score enables you to qualify for the best rates and terms on loans and credit cards. Whether you’re building credit from scratch or rebuilding it after some credit mishaps – understanding the factors that go into your credit score will help you determine how to improve it. If you want to boost your credit score, there are various steps you can take. 1. **Pay your bills on time, every time.** If you’re having trouble making payments on time, set up automatic payments for at least the minimum amount due and create calendar reminders and alerts. As you pay your bills on time, you may see a steady rise in your score. If you make a payment more than 30 days late, it will remain on your credit report for seven years. However, over time this negative impact will diminish as you get caught up and pay on time going forward. 2. **Monitor your credit report and fix any errors** Inaccurate credit report information can have a significant negative impact on your credit score. Late payments and high credit balances are considered serious issues. To ensure your credit score isn’t being unnecessarily negatively impacted, review your report for any information you don’t recognise. If you have any inaccurate or fraudulent information on your credit report, you can dispute it with the credit reporting agencies. Credit disputes are typically resolved within 30 days. 3. **Consolidate your debt** Managing multiple debts can be overwhelming. Debt consolidation simplifies the process by combining your debts into single payments. This can help you to keep track of your repayments and avoid missed payments, late fees, and penalties. Individuals may sometimes experience a temporary dip in their credit score after consolidating their debts, however this result is usually minor and short-lived. 4. **Limit credit applications** Only apply for credit when you need it. Why? Because every time you apply for credit, a hard inquiry is run on one or more of your credit reports by the lender. Each hard inquiry will typically take up to five points off your credit score. Before you apply for a loan, you should check to see if the lender offers prequalification. Under prequalification, a ‘soft-credit check’ is performed which can give you an idea of your eligibility and potential terms without affecting your credit score. 5. **Keep your credit utilisation rate below 30%** To keep your credit utilisation in check, pay your credit card balances in full each month. If you are unable to pay in full, it is important to try and keep your total outstanding balance at 30% or less of your total credit limit. Alternatively, you can lower your utilisation rate by asking your credit card company for a card limit increase. 6. **Don’t close old accounts** Even if you no longer use your oldest credit card, you should try to use it every few months or put a small recurring bill on the card to keep it active. By keeping your old accounts open, you can retain the credit history. If you close an old account or open multiple new accounts in a short period, negative results can quickly emerge. 7. **Have a mix of loans** By having multiple loan types, you can establish a more comprehensive profile regarding your payment history, trustworthiness, and ability to successfully manage different types of credit. Maintaining a mix of credits demonstrates that you can handle multiple loan types. By doing this you can significantly boost your credit score. ## Closing Thoughts Remember, your credit score is not fixed. It is calculated based on the information that is available at that point in time. As new information is added to your report, your score can fluctuate. Having a good credit score enables you to qualify for the best rates and terms on loans. If you’re looking to boost your credit score, this guide will provide you with some simple steps to get started. Looking for a personal or business loan? Get the best deal available with JADE Finance Although good credit generally means lower rates, [JADE Finance](https://jade.finance/) has a variety of services available, regardless of credit score. Based on our realistic view, we completely acknowledge certain events can occur that negatively impact a business’ credit rating. Our database of banks and lenders is extensive and we have the knowledge and expertise to connect you with the ones that provide loans to individuals and businesses with a variety of credit scores. So, even if you have had a loan application rejected by a bank or lender, our loan brokers are happy to discuss the options available. Get in touch to see how we can help you by calling 1300 000 008, or securing a [**Free Quote**](https://jade.finance/free-finance-quote). **Categories:** Finance --- ### [Balloon Payment: What Is It and How Does It Work?](https://jade.finance/blog/balloon-payment-what-is-it-and-how-does-it-work) **Published:** July 29, 2024 **Author:** Publisher **Content:** When securing financing for any purpose – comparing the market and self-educating is vital. Which is probably why you’ve made your way here… asking yourself what is a balloon payment? In this guide, we will discuss what a balloon payment is, examples of a balloon payment, how you can avoid this payment, and the advantages and disadvantages that exist when incorporating a balloon at the end of a loan term. ## What is a balloon payment A balloon payment is the final amount due on a loan that is structured as a series of small monthly payments. The ‘balloon’ is a single much larger sum due at the end of the loan period. Finance with a balloon is a loan product that offers lower repayments throughout the loan term and is popular among those seeking lower weekly, fortnightly, or monthly repayment structures. A balloon can often help individuals maintain a reasonable cash-flow or savings and are offered as an option for home mortgages, Vehicle loans, and business loans. Generally only borrowers with high creditworthiness will be considered to take out this form of loan. As the term ‘balloon’ hints – the final payment on this type of loan can be quite large. However, this sum is dependent on the length of the loan term, asset type, and the value of the asset. At the end of the loan term, there are a few options an individual can choose to take: - **Payout the balloon in full and keep the asset** - **Sell the asset and payout the balloon with proceeds from the sale** - **Keep the asset and refinance the balloon for a further term** It is important to note that balloon loans usually require collateral. For home or car loans, you may have to secure the loan with the asset which means if you default on your loan and can’t satisfy the balloon payment, the lender has a legal claim on your vehicle or property. There are many advantages and disadvantages to opting for a loan with a balloon payment. To understand these in more detail, keep reading. ## Examples of Balloon Payments As briefly mentioned above, balloon payments are most commonly used in mortgages, Vehicle loans, and business loans. ### Vehicle Loan If an individual has an urgent need for a vehicle but can’t immediately afford high monthly payments, a balloon loan can be used. Although not as common as business loans and mortgage loans, it is often relatively easy for a borrower to secure this type of loan in the Vehicle lending industry. ### Business Loan If a business has a proven financial history or favourable credit record, they can usually secure a balloon loan relatively easily. Businesses are typically in a better position to pay off a lump sum than individuals and for this reason, lenders will often consider businesses less risky for this type of loan. ### Mortgage At Jade Finance we don’t offer property loans, however it’s still important to discuss balloon payments at the end of a mortgage. Balloon mortgages are rarely used for traditional 15-30 year mortgages because lenders don’t want to wait that long to recover their money. So, generally for balloon mortgages, lenders prefer a five-year to 10-year loan term. ## How to Avoid a Balloon Payment If you have a looming balloon payment at the end of your loan term, you might be starting to feel the pinch. If you are in need of eradicating this payment, there are a few options you can take. - **Refinance the loan** Some lenders may be willing to repurpose a borrower’s debt into a different loan, or modify the terms of the agreement. - **Sell the underlying asset** To avoid defaulting on the loan, a borrower may choose to liquidate the asset to avoid paying the balloon. - **Pay the principal amount upfront** A borrower may have the option to pay a portion of the debt early. However, it’s important to check that your lender doesn’t have any prepayment penalties or fees prior to doing this. - **Negotiate an extension** Similar to refinancing, the terms of the loan can potentially be adjusted. Instead of receiving a new loan, a borrower will just have the timing of the balloon payment moved to a later date. ## What are the Advantages and Disadvantages of Balloon Payments? Financing a lump sum balloon payment at the end of a loan requires careful consideration. While balloons offer some good benefits, there are also just as many disadvantages to consider before making such a big financial commitment. ### Advantages - **Lower repayments** Balloon payments are popular because they allow you to repay your loan with lower weekly, fortnightly, or monthly repayments. - **Shorter loan commitment** Instead of payments stretching over 5-6 years, balloon loans generally only commit you to 2-3 years of payments. This may appeal to a borrower who only wants to drive a certain car for a few years. - **More control over cash flow** The lower monthly, fortnightly, or monthly repayments make it easier to budget and manage your expenses. It also frees up extra money. ### Disadvantages - **Harder to qualify for** Qualifying for a balloon loan is generally harder due to the higher credit preferences by lenders. - **Higher overall cost** Due to the riskier nature of the loan from the lender’s perspective, balloon loans will often have high interest rates. This can lead to a higher total loan cost. - **Payment might come as a shock** Although you have signed up for this loan type, your circumstances may have changed significantly since then. If this is the case, you might not be prepared for a big payment to cover the balloon. If you have not planned or budgeted for this big expense, you could be left in a tricky situation. ## Closing Thoughts Balloon loans are relatively popular in the financial market, but are generally only available to those able to make a large down payment, and with a very good credit rating. Prior to considering a balloon payment, it is important to speak with an experienced broker and conduct thorough research to ensure you are getting the best finance product for you. If you’re not sure that a balloon payment is the best finance solution for you, there are a wide variety of other loan options available that you can access by speaking to one of our expert brokers at Jade Finance. ## Want to finance your next business loan with a balloon payment? JADE Finance Australia is the only place you need to look. As balloon payments are a popular financing product, most banks and finance companies offer it. However, at JADE, our experienced brokers are not limited to one offer by one source. We have a large portfolio of lenders who we will compare and assess to find the best deal for you and your business. Save yourself time and paperwork by calling JADE Finance. **For further financing information or to request a quote, [contact us](https://jade.finance/contact-us "Contact Us") today.** *Please note the information provided in this guide is for general educational purposes. Speak with a broker at JADE Finance to see if a balloon loan is right for you.* **Categories:** Finance --- ### [Buying a New Car? Key Differences Between Car Loans and Personal Loans](https://jade.finance/blog/buying-a-new-car-key-differences-between-car-loans-and-personal-loans) **Published:** August 2, 2024 **Author:** Publisher **Content:** “Car loan, personal loan, car loan, personal loan” – If your thoughts are going back-and-forth like this, I bet you’re wondering which is the best option for your car purchase. Though similar, one of these two options may suit your financial situation more than the other. If you’re in the market for a new car, finding out the key differences is an important part of the process. In this guide we will compare the two by analysing the advantages and disadvantages. ## Personal Loan A personal loan is a loan given by a lender for the borrower to make a large purchase they wouldn’t be able to fund themselves. This can include renovations, or holidays. Personal loans can be secured or unsecured. An unsecured personal loan means there is no collateral for the loan, like an asset. A secured personal loan means the lender has collateral on the loan. When deciding if a personal loan is right for you, it’s important to consider factors such as the amount of money you need, the loan balance you can manage, and the repayment term that fits your budget. Personal loans ## Car Loan A car loan is a type of personal loan specifically designed for the purchase of a car (shocking). As discussed above in the ‘Personal Loan’ section, a secured personal loan means the lender has collateral on the loan. This collateral could be a car. Therefore, a car loan is generally a type of secured personal loan. So why would you use a personal loan to purchase a car if you can just use a car loan? Let’s get into it. ## The Difference Between a Car Loan and a Personal Loan Simply put, the restrictions and interest rates are the key differentiating factors between car loans and personal loans. Lenders generally have tight criteria and restrictions for car loans and will typically require borrowers to use the car as collateral. This means, if the borrower defaults on payments, the lender may seize the car. With a car loan, lenders can also be strict on the types of cars being purchased such as older or used cars. Additionally there is generally a longer and more detailed approval process involved for a car loan. Personal loans on the other hand, won’t always have the same restrictions as car loans. Some don’t require any collateral at all. However, this is considered a luxury and therefore the borrower will generally be subject to higher interest rates on the loan. Additionally, with a personal loan, sometimes you won’t have to disclose what you’re purchasing and how much it is, meaning you could borrow more than the car costs and use the leftover funds for another purchase. Generally speaking, most car loans will have a fixed interest rate. While personal loans have a relatively even split of fixed-rate and variable-rate options. Fixed-rate keeps your repayments steady throughout the loan term, while a variable-rate will see your payment fluctuate. ## Comparison Snapshot **Car Loan****Personal Loan****Advantages**Lower interest rates. Fixed interest rates. Ability to borrow more.Flexibility to buy whatever car you want. Can use leftover funds for other purchases.**Disadvantages**Car is used as security. Restrictions on what car you can purchase.Usually higher interest rates than car loans.## Key Considerations: Personal Loan Vs Car Loan 1. **How much are you able to repay each month?** If you want to pay the lowest amount possible, a secured loan could be the best option for you because they generally attract lower interest rates. 2. **Do you want an unsecured or secured loan?** Consider if you want to use your car or another asset as collateral against your loan. With a secured loan, if you default on it, your car would be repossessed. If you default on an unsecured loan, you could have legal action launched against you. 3. **Are you going to purchase a new or second hand car?** Secured car loans are generally better for new cars. Unsecured personal loans are generally better for older and used cars. 4. **What is your credit score?** It can be hard to secure a car loan if you don’t have a good credit score. In this case, a personal loan could be your best option. ## Personal Loan and Car Loan: How important is my credit score? If you have a less than ideal credit score, you may be ineligible for a loan with some lenders. For lenders who have less stringent criteria on credit ratings, you might be able to secure a loan but at a very high interest rate. Credit scores are particularly important for personal loans. This is because, unlike car loans that have a variety of factors to help determine the rate (such as the age and value of the vehicle), personal loans only have your credit score to consider. The Federal Government [MoneySmart](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) website provides information on where to access a free copy of your credit report. This information includes the contact details for several credit reporting agencies. ## How can I increase my credit score? If you have a bad credit score, all is not lost. Your credit score is not a permanent number and, through consistency, it is possible to improve your credit score and become an ideal borrowing candidate. Some positive behaviours you can undertake to improve your score include: ### Paying off old debt The first thing you need to do is pay off any outstanding debt and settle your accounts. Paying off debt can significantly improve your credit score, but it also lowers the amount of interest you will need to pay over time. ### Apply for short term loans With a less than ideal credit score, you can still apply for short term loans. Choosing to repay them on a regular basis, and not missing any payments, will boost your credit score. ### Pay on time, every time Consistency is key when it comes to a good credit score. Paying bills on time, every time, will stand out in your payment history and make lenders more comfortable lending to you. A key way to make sure you don’t miss these payments is to set up an autopay mechanism for recurring payments. ### Check your credit report regularly By analysing your credit report you will be able to identify the specific factors that are bringing down your score. In addition, if you see any errors showing up on your credit report, it is important to dispute them to get them taken off quickly and improve your score. ### Don’t apply for multiple credit products at the same time If lenders can see you have been stretching yourself thin by applying for multiple credit products simultaneously, they will be less likely to lend to you. ## Closing Thoughts Both car loans and personal loans are great options if you are in the market for a new vehicle. If you are buying a new car and want to spend less money over the life of the loan, a car loan might be a good option for you. If you are buying an older car that might not qualify as collateral on a secured loan, a personal loan might be the better option for you. However, it is important to talk to an expert consultant at Jade Finance prior to signing any agreement. ## In the market for a new or used car? Jade Finance Has You Covered. With 25+ years of experience in the motor vehicle lending market, our expert consultants at Jade Finance use their technical resources and extensive lender base to source the best rates across all types of credit products. We assist buyers to purchase vehicles with simple, easy, and straightforward funding at the lowest rates. **For the best deal based on your circumstances, request a quick quote online or by phone to one of our dedicated broker on [1300 000 008](tel:1300000008)**. **Categories:** Finance --- ### [Car Sales Surprise – Toyota RAV 4 outsells Ranger and HiLux](https://jade.finance/blog/car-sales-surprise-toyota-rav-4-outsells-ranger-and-hilux) **Published:** August 19, 2024 **Author:** Publisher **Excerpt:** Jade Finance secures competitive interest rates and workable terms for both personal and business finance on the top-selling Toyota RAV 4. **Content:** Move over Ranger and HiLux, there’s a new best-selling vehicle in the mix. The July car sales figures as released by the Federal Chamber of Automotive Industries (FCAI) reveal the [Toyota RAV 4](https://www.toyota.com.au/rav4) as the top selling vehicle for July 2024. Recording a 115% increase on the sales figures for July last year and reversing the situation seen a few years back when wait lists for this popular SUV were long. According to the figures, 6,000 new owners drove out of Toyota dealerships in a new RAV 4 last month. While the RAV 4 result is a stand-out in the monthly data, the [FCAI](https://www.fcai.com.au/) Chief Executive Tony Weber reports that the monthly total new vehicle sales was also impressive. July 2024 set a new record for a July, despite Polestar and Tesla sales not included due to their withdrawal from reporting data to VFACTS. What other vehicles have new vehicle buyers been driving away in recently? We cover off on the latest monthly car sales with best-selling vehicles and brands to provide inspiration for buyers and finance options for private and business buyers. ## Car Sales Market Trends Mr Weber outlined the trends which have come out of the latest figures. Noting a significant uplift in sales of hybrid vehicles (128.9% increase) and a slight drop in battery vehicle sales, when compared with the sales for July 2023. Despite the year to date recording great results, Mr Weber said the sector was cautious with the New Vehicle Efficiency Standard coming in soon and cost-of-living pressures impacting the economy. Breaking down the figures by market segments reveals a fall of 4.2% in private sales and a 13.7% rise in sales to business buyers. Passenger vehicle sales have lifted in comparison with July last year. SUVs had been outselling passenger cars, so these figures may indicate a resurgence in the passenger style cars. ## Top Selling Models and Brands for July Looking at the overall sales for the month, a few clear trends emerge – buyers are gravitating to hybrids and specifically to the Toyota brand. Toyota has long dominated the Australian new vehicle sales markets, offering a wide selection of vehicles to suit a vast range of buyers. That continued with the brand having 4 of its models in the leading 10 top sellers and significantly out-selling Mazda, the second-best selling brand. While best-selling individual models and figures are reported by the FCAI on a monthly basis, the Chamber reports the top selling brands on sales for the year-to-date (YTD) – the calendar year not the financial year. The ten best-selling new vehicle brands for YTD are Toyota then Ford which has sold marginally more than Mazda. Kia is in fourth then Mitsubishi and Hyundai. The popular Isuzu Ute made the ten as did the very well-price MG brand, then Nissan and finally Tesla. The 10 top selling individual models are issued on a monthly basis for that month. As noted, the RAV 4 took out the number one spot in the list of best-sellers for July. This versatile and very popular SUV out-sold Ford’s Ranger by 1,000 vehicles and it’s stable-mate, the HiLux, by around 1,200 vehicles. Fourth and fifth top selling spots were also filled by Toyotas – the Corolla and the iconic LandCruiser. The final five in July’s top ten were Isuzu’s D-MAX, the Everest from Ford, Mitsubishi Outlander, the stylish Mazda CX-5 and the affordable ZS from MG. Plenty of options for business and private buyers to consider, if the finance is affordable! ## Secure Competitive Rates on Toyota RAV 4 Finance Jade Finance secures competitive interest rates and workable terms for both personal and business finance on the top-selling Toyota RAV 4. Loans are individually sourced and tailored to suit the buyer and to make all variants of this popular SUV an affordable purchase for all buyers. Getting behind the wheel of a new RAV 4 will cost buyers roughly between $50,000 and $70,000 plus dealer and on road expenses. This is based on current advertised pricing. Different fuel systems, model variants and options attract different prices. But the same loan products and competitive interest rates. Our [Secured Car Loan](/car-loans/new-car-finance) will suit most private buyers, with the RAV 4 used as collateral. Where the RAV 4 is being purchased by a business for use in the business, operators can select from Chattel Mortgage, RAV 4 Leasing and Hire Purchase to finance their purchase. To compare loan repayment estimates on the different Toyota RAV 4 variants, or on any of the other top selling vehicles, use our [Car Finance Calculator](/car-loans/car-finance-calculator). If planning to head into a dealership for a test drive, speak with us first to get finance pre-approved and place your order on the spot. **To get behind the wheel of a top selling Toyota RAV 4 with the best interest rate finance, contact Jade Finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Business Finance Solutions to Address Rising Costs, Materials and Labour Shortages and Project Delays](https://jade.finance/blog/business-finance-solutions-to-address-rising-costs-materials-and-labour-shortages-and-project-delays) **Published:** March 29, 2022 **Author:** Publisher **Content:** Despite the Australian economy reportedly, and in the economic figures, recovering well from the coronavirus pandemic, business continues to operate under challenging conditions in many industries. The pressures and impacts are being generated from both local domestic economic and weather events as well as a result of events happening in the global sphere. Business finance solutions are available to assist operations of all types to weather the impacts faced by the current economic and environment conditions. Inflation has been surging as the recovery is underway and at a rate much faster than the [RBA](https://www.rba.gov.au/) had anticipated. This is being felt at the petrol pump, at the supermarket checkout and for businesses in the cost of supplies and materials. Rising costs can lead to overruns on quoted pricings which may not be possible or practicable to pass on to the customer. Increases that just need to be borne by the business and cut into the bottom line. Materials and supplies shortages have emerged as a major problem in many industries especially in construction. Some of these shortages relate to global issues. The computer chip shortage is continuing to cause delays in production of some parts in overseas factories. In other sectors, it is a result of high demand outstripping availability. Shortages can lead to delays in progress on many projects and in production of many goods. This can mean delays in progress payments or in payment for goods as the goods are unable to be delivered. An issue which can put pressure on business cash flow. Delays are also occurring as a result of the floods and continuous heavy rainfall along much of the east coast and inland parts of Queensland and NSW. Access is cut off due to road damage meaning materials and supplies may be delayed and the weather is also not permitting work to continue on some sites. Delays in getting work out the door, orders distributed or construction projects to the next stage can be financially damaging to a business. Labour shortages have been plaguing particularly the hospitality sector for some time. Not having sufficient staff to operate at peak levels can lead to a downturn in production and productivity leaving a shortfall in turnover. The Federal Budget is tipped to offer some financial benefits and relief to both consumers and businesses. But in many cases it is up to the business owner to seek solutions before issues escalate to a position of being of serious concern. By this we mean downgrading of the [credit rating](https://moneysmart.gov.au/) which can make future loan applications more challenging and potentially more expensive. Jade Finance fully appreciates the challenges being faced by Australian businesses and offers an extremely comprehensive selection of business finance solutions. Solutions which are tailored and individually structured to meet the specific requirements of the business. ## **Business Finance Interest Rates** When considering a financial solution it is worth understanding the interest rate scenario. Interest is the major cost of taking on finance and securing the cheapest interest rate is critical to achieving a cost-effective solution. The official cash rate as set by the RBA remains at the historic low of 0.1%. But with inflation surging and unemployment continuing to fall, the markets and analysts strongly tip that the RBA will move to raise rates this year. The CBA tipped as early as June. So the key messaging is – if you are considering a finance solution to an existing or potential business issues, it could be wise to act sooner rather than holding off to secure the cheapest interest rates. ## **Business Finance Solutions** There are a number of business finance facilities available to suit different business needs. Solutions can be selected to address short-term problems or to tackle more long-term or deep-rooted issues within the business. Finance solutions can also support businesses to invest to grow their business and in so doing overcome current problems. - Business Loans: Secured and [Unsecured Business Loans](https://jade.finance/business-loans/unsecured-business-loans) are versatile options which can be used to invest in new systems and processes or other initiatives which would not be considered as asset acquisitions. Terms are negotiable and tailored to suit specific needs. - [Business Overdraft](https://jade.finance/business-loans/business-overdraft): A flexible option which is widely used by businesses of all sizes to deal with cash flow shortages on either an intermittent or short-term basis. The advantage of this type of finance over say a business loan, is that the business only uses the funds as required. So interest is only payable on the amount used and only for the time used. - Refinancing: If there are deep-rooted issues to be addressed then a general assessment with a view to refinancing may be advisable. This may cover refinancing existing equipment and machinery loans, bundling a number of finance contracts into one to streamline the repayments obligations or seeking a lower interest rate or lower repayment loan to ease cash flow pressures. Due to the varying nature of these and our other business finance products, the [interest rate](https://jade.finance/business-loans/best-business-loan-interest-rates) is different for different loan types. These can be reviewed on our chart and repayment estimates obtained using the calculator function. When engaging Jade Finance to assist in addressing the issues faced by your business with a finance solution, you receive extensive expertise in tailoring the solution with the cheapest rate and to specifically address the purpose. **Contact Jade Finance 1300 000 008 to discuss business finance solutions for your operation** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Business Support with Cheap Interest Rate Refinancing](https://jade.finance/blog/business-support-with-cheap-interest-rate-refinancing) **Published:** December 30, 2021 **Author:** Publisher **Content:** Many businesses are already experiencing the fall-out from the growing number of cases of the Omicron variant of COVID in multiple states with staff numbers drastically reduced as they need to isolate and recover. A situation which has forced some businesses to close temporarily and/or be unable to operate at full capacity or for their usual trading hours. While the economy in general has been recovering well, many business owners will be assessing their financial situation and considering refinancing to strengthen their operation for 2022. Reducing outgoings by achieving lower repayments on loans through refinancing can be a sensible strategy to ease cash flow pressures in uncertain times. Jade Finance supports businesses of all sizes to secure cheap interest rate refinancing for asset and equipment loans and commercial finance arrangements. ## **What Refinancing Entails** Refinancing essentially means to set up a new finance arrangement, a new loan, to replace an existing finance contract. Refinancing involves the similar loan application and sourcing process as for new loans. The refinanced loan can be with a different bank or lender to the existing loan or negotiated with the existing lender. When [handling refinancing](https://jade.finance) for our customers, our consultants first discuss the client requirements before proceeding to source the cheapest quote from across our lender panel. As with original loans, lenders will assess the application based on risk and other factors in structuring an offer. The loan amount sought will typically include the total due on the existing loan which can include payout fees to the existing lender. When a finance contract is concluded prior to the agreed fixed loan term, a fee may be charged by the lender. These charges should be factored into refinancing plans. The purposes and objectives of refinancing will be determined by the individual goals of the business. These may be to reduce the repayment amount to ease cash flow, to take advantage of the current historic low interest rate situation, to bundle several loans into one to streamline payments or for several other reasons. In handling refinancing on behalf of our customers, if the offer received does not improve the situation of the business, our consultants would not advise proceeding with refinancing. ## **What can be refinanced?** Jade Finance provides refinancing across our [loan categories](https://jade.finance/equipment-loans). Asset refinancing is one of the most popular categories. This includes motor vehicle loans, trucks loans and equipment finance. As we provide finance across multiple industry sectors, this can involve a massive range of different types of equipment – construction, earthmoving, general business equipment, IT, computer, aviation, marine, agricultural machinery, engineering plant and machinery and many more. It must be noted that when refinancing assets the goods will be assessed as used, even if purchased new originally. Used goods may attract a different interest rate and loan conditions to new goods. [Commercial loans](https://jade.finance/business-loans/business-overdraft) can also be refinanced. These include overdrafts and both secured and unsecured business loans. Jade has access to non-bank lender overdraft products which may present an attractive alternative to a bank overdraft for some operators. ## **Who can refinance?** All types of business set-ups can consider refinancing. Our service is available to SMEs, large corporations, sole traders, partnerships, family enterprises and others. To source business refinancing, operators must hold an ABN as a minimum requirement for all types of business finance. A business may have secured the original loan as a bad credit loan application and over time they have worked to improve their credit rating. As bad credit loans typically attract a higher interest rate, businesses may seek mid-loan term, to refinance to a better and lower interest rate loan. While businesses typically seek to refinance, individuals are still welcome to consider the process if personal secured loans for cars, boats, caravans and other goods require review. On personal secured loans, minimal break fees usually apply when a loan is finalised prior to the agreed end of the loan term. ## **Refinancing Loan Products** Businesses can select from the full range of finance products to refinance existing loans. The loan type can be the same as the existing finance contract or for a different product. As the features and benefits of business finance products are tied into accounting measures and strategies, it is always advised that business owners consult with their accountant when selecting a loan type. The range of finance products available for asset refinancing include:- - Chattel Mortgage - Lease - Commercial Hire Purchase - Rent to Own ## **Refinancing Interest Rates** If a loan has been taken over say a 7 year finance term and is mid-term, the interest rate on the original loan may be significantly higher than current rates. The [RBA](https://www.rba.gov.au/) has reduced the official cash rate to historic low levels over the past nearly 2 years in response to the economic impacts of the pandemic. Refinancing quotes would be sourced by our consultants at our cheapest achievable interest rates. Being mindful, as mentioned above, that if an asset loan, the finance would be for used goods which can attract a different interest rate to new goods. Those considering refinancing can review our current rates achievable across our portfolio and compare these to their current loan. ## **Support Services** Jade Finance provides a comprehensive range of services to support businesses to achieve workable, cost effective refinancing which meets their key objectives. Our consultants handle even the most complex refinancing deals, covering all stages for customers from initial quotes and negotiations through to settlement with the existing lenders and issuing of new finance contracts. If you consider your business may benefit through refinancing and be better-placed to sustain any challenges in 2022, please reach out for an obligation-free, confidential discussion with one of our consultants. **Contact Jade Finance by phone 1300 000 008 to discuss your refinancing objectives.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Inflation, the Budget and what they mean for consumer loans and business finance](https://jade.finance/blog/inflation-the-budget-and-what-they-mean-for-consumer-loans-and-business-finance) **Published:** November 7, 2022 **Author:** Publisher **Content:** It’s been a busy time for important economic announcements and data releases with a horde of information to digest and analyse. Especially for those considering purchasing goods with loans and business considering taking on finance to acquire new equipment, vehicles and supportive loans. On Tuesday 25 October Treasurer Jim Chalmers delivered his first Federal Budget and the day after, the Australian Bureau of Statistics (ABS) released details of the September quarter CPI, or inflation data. Both a week out from the next RBA Board decision on interest rates and at a time when thousands of Australians were impacted by the widespread floods and heavy rainfall. **In overview format, Jade Finance unpacks the latest inflation figures and key points of the Budget as to what they mean for consumer loans and business finance**. A simplistic and brief recap designed to assist both individuals and business make decisions around finance plans. ## **Federal Budget Recap** When considering measures and policies announced in a government budget, make sure the timeline is noted. Some of the policies in the current [Federal Budget](https://budget.gov.au/index.htm) are not due to come into effect for several years or at least until 2023 or 2024. For businesses considering potential work coming into the pipeline, some expenditure such as the plan to build new houses and infrastructure project is spread over multiple years and may not commence for a few years. Another aspect to note is that a Budget is split into Bills which need to be passed by Parliament before being enacted. Labour does have the power balance in the lower house but not in the Senate. So some bills may be amended before being passed or even not passed. As its first post-election budget, the Albanese Government included a number of promises made during the election in this budget. Specifically increases to child-care and parental leave. But the promise about reducing energy bills by a set amount does not appear to be addressed. Nor is there any direct assistance in regard to relieving cost-of-living pressures. This is a complex area as providing hand-outs may have the potential to interfere with efforts by the RBA to drive down inflation. A plan to construct 1 million homes over a 5 year period was announced. But the plan is in initial stages and starts with an ‘accord’ with other stakeholders. Construction may not actually commence for several years. Spending has been earmarked for major infrastructure projects in every state and territory. Climate change has received support funding to effect grid changes to allow for more renewable energy sources. SMEs receive grant support to upgrade to become more energy efficient. The cost of buying an electric vehicle may come down with import tax and FBT cuts. Truck owners are supported to reduce emissions with a plan for hydrogen highways. Proposed changes to IR laws have been presented in a bid to grow wages. This has met with pushback in many areas of business. Changes to stage 3 tax cuts were not included in the budget. But these are currently not slated to come into effect until 2024. So the Government has two more annual budgets – May 2023 and 2024, to announce if any changes will be made. The Treasurer has said this budget is the first stage of the Albanese Government longer term view of the Budget process and some experts have analysed this budget has putting off harder decisions until later. All eyes will no doubt be on the May 2023 budget. ## **Latest Inflation Figures** On 26 October, the Australian Bureau of Statistics (ABS) published the CPI or latest inflation data for the quarter covering July through September. The data shows a 1.8% rise for the September quarter with inflation now sitting at 7.3%. The highest level since 1990. The ABS reports that the main contributors to the increase were new dwellings, furniture and gas prices. The 1.8% rise was in line with June quarter figures and lower than the 2.1% recorded for the March quarter. But the these are still the highest quarterly increases going back as far as 2000 when GST was first introduced. To see which particular sectors contributed what percentages to the latest inflation rises, details are available at the [ABS website](https://www.abs.gov.au/media-centre/media-releases/cpi-rose-18-cent-september-2022-quarter). ## **Significance for Loans and Finance** For those planning to take on loans and finance for new cars, boats, caravans, motorbikes, trucks and business equipment, the big issue will likely be – what will all this mean to those loans? For starters, the types of loans available and their format, eg say a [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans) do not change with budgets and inflation data. They remain the same. Measures announced in a government budget do not essentially have a direct effect on interest rates and finance but may have an indirect impact through a change in outlook and forecasts by individual lenders. The inflation figures however, do have a direct effect on lending interest rates across the board. The Reserve Bank Board makes its determinations around changes to the cash rate based on inflation and other economic data. Currently the central bank has been increasing rates to drive down inflation. This latest 1.8% increase for the quarter will likely be a trigger for another significant rate rise for November and December. However, individual lenders make their own final decisions regarding rates on finance in their portfolios. Rates across all lending markets do vary and cheaper rates can be found, with the resources to find them. Jade Finance has those resources through our accreditation with multiple lenders. For those planning new purchases, acting as soon as is feasible is strongly advised to stay head of further rises and [secure current rates on motor vehicles](https://jade.finance/car-loans/car-loan-interest-rates), marine finance, recreational and leisure and across our business finance portfolio. The next major announcement pertaining to lending is due 1 November with the next RBA Board meeting. **Contact Jade Finance 1300 000 008 for cheaper loans and finance before the next rate rise.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Latest Rate Rise by RBA – 9 year high](https://jade.finance/blog/latest-rate-rise-by-rba-9-year-high) **Published:** October 13, 2022 **Author:** Publisher **Content:** The October rate rise decision by the Board of the Reserve Bank of Australia (RBA) has lifted the official cash rate to the highest level in 9 years. A rise was expected though there has been pressure building from comments from analysts and other finance and economic experts for the RBA to start easing the rate of its increases. The significant and substantial rate rises over a relatively short space of time was noted by the Board as an issue it reflected on for its October decision. The RBA delivered a 0.25% increase to the cash rate which was at least less than the 0.5% which had been implemented in the four previous months. While less than expected but not as low as hoped by many, the RBA October rate rise will have an impact on interest rates across many lending markets. By how much will vary across the wide selection of banks and non-bank lenders and potentially vary in different categories of finance and loans. **Following the latest rate rise those requiring finance may benefit from the services of Jade Finance to secure the cheapest interest rate finance and loans**. With more choices of lenders from just the one contact, the process of sourcing the cheapest interest rates for cars, bikes, boats, caravans, trucks and business equipment is simplified and streamlined. For those looking further ahead, we have summarised the major issues and indications as provided in the RBA’s October Rate decision statement to assist with timing those purchases of goods with finance. ## **Latest RBA Rate Decision** While most people will hear the news of an interest rate rise via media, it can be worthwhile to read the [official statement](https://www.rba.gov.au/media-releases/2022/mr-22-33.html) from the Governor of the RBA, Philip Lowe. These monthly statements include information on the Board’s thinking in making that decision, its outlook for the future and what factors it sees as creating uncertainties moving forward. The statement issued on 4 October announced the 0.25% rate rise which takes the official cash rate to 2.6%, the highest since 2014. The Board remain committed to returning Australia’s high rate of inflation back to the RBA’s target level of 2% to 3%. It says this will be done over time. Those wondering about timing for purchases of goods with finance will be interested one of the opening comments that further rises in the cash rate would be expected to be needed to achieve the objectives. Note that the RBA Board has its next meeting regarding the cash rate on Tuesday 1 November. As noted in the statement, the Board will be considering data and economic conditions when making decisions about future rises. Other points of note include:- Australia’s rate of inflation is considered too high and is being driven to a large extent by the effects of global issues. But strong demand and constrained supply domestically are also contributors. The Board stated an expectation that inflation would continue to rise in 2022 to around 7.65% then drop to around 4% into 2023 before starting to near the target 3% in the next year. The tight labour conditions remain as can be seen in the 3.5% unemployment rate in August. Further falls are forecast by the Board before increases start to be recorded as economic growth begins to slow. The uncertainties around the economic environment were identified primarily as the conditions in the global economy which have deteriorated even further recently. Jim Chalmers, the Federal Treasurer, also expressed these concerns in a recent press conference. He said that a global recession was now probable rather than just possible. Another uncertainty for the RBA lies in how consumers respond to the increases in interest rates with spending. The Board also notes that it is keeping a watchful eye on labour costs and pricing by enterprises. ## **Finance and Loan Considerations** This is the sixth consecutive month that the RBA has raised the cash rate and the Board has indicated more increases can be expected. Those that already have finance and loans for goods with a fixed interest rate will not be impacted by these rises. Lenders will however, respond to cash rate hikes, in line with their individual company policies and their own forecasts. The lending market in many sectors, especially [motor vehicle finance](https://jade.finance/car-loans/car-loan-interest-rates), can be vast and highly competitive. Rapid and repeated rate rises such as we are currently seeing can have the potential to create an even more varied rate range in a particular loan category. More lenders and more variations can mean more work for loan seekers in finding which particular bank or lender is currently offering the best rate and the most suitable type of loan. The key aspects being the lowest rate but also a fixed not a variable interest rate. That hard work is done for Jade Finance customers by our consultants. We have access to more lenders which provides customers requiring both [business finance](https://jade.finance/business-loans/best-business-loan-interest-rates) and personal loans for goods with a quick and easy solution. Regardless of how lenders respond to RBA rate rises, we will maintain our policy of achieving better rates across our loan and finance portfolio. **Contact Jade Finance 1300 000 008 for quick and easy sourcing of cheaper interest rate loans and finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Road-Trip for Easter Plan? Apply now for Motorbike and Car Loans](https://jade.finance/blog/road-trip-for-easter-plan-apply-now-for-motorbike-and-car-loans) **Published:** March 1, 2022 **Author:** Publisher **Content:** The Easter holiday is a great time to get out of town for a break. Road trips, whether by car or motorcycle are popular choices so you’ll need a vehicle that is suited to where you want to visit and who is planning to come along. If a new car or bike is in your plans for an Easter road trip, then now is the time to get going with the vehicle buy and sorting our your motorbike and car loans**.** When it comes to loans, now could be a fortuitous time to apply as a rise in the official cash rate by the RBA is highly anticipated to occur in coming months. We take you through the process of sourcing a cheap motorbike loan or car loan, what you need for the application and throw in some tips for where to go. ## **Evaluating Types of Loans** The most commonly used type of loan for privately purchased new bikes and cars is the Secured Loan – Secured Bike Loan and [Secured Car Loan](https://jade.finance/car-loans/personal-secured-car-loans). The suitability of a secured loan for a used goods will depend on the age and condition of the goods being acceptable by the lender as security. The format of a secured loan is relatively standardised across the lender market. The goods being purchased become the security for the loan. The repayments are made in equal monthly repayments over the loan term. While the format is relatively standard, there will be variations across the lender market. Variations can be seen in regard to:- - Minimum and maximum loan amounts permitted - Fixed or variable interest rate. - Interest rate amount. - Loan terms permitted. - Availability of ‘no deposit’ finance. In addition to these, loan offers made to individual applicants will also vary based on:- - Credit rating of the applicant. - Risk assessment made by the lender. - Lender assessment of the affordability of the applicant and suitability of the loan for the applicant. ASIC set out guidelines that lenders in the consumer finance sector must adhere to and they include that a loan offer is not to be made to an applicant where the loan is deemed unsuitable to the individual. ## **Comparing Interest Rates** The interest rate on the loan is a key factor to watch out for when assessing loans. They do vary and a small variation that appears irrelevant it does become very relevant when taken in context of the total amount of interest you’ll be paying. To assist buyers to appreciate the variations in lender interest rates and why Jade Finance focuses on achieving the cheapest interest rate loans, we’ve posted a [Compare Interest Rates](https://jade.finance/car-loans/car-loan-interest-rates) table. This lists the rates available from different lenders and by entering the amount you are considering for your loan, it becomes a loan repayment estimator. ## **What you need to apply** Applying for a car loan or motorbike loan with Jade Finance is quite an easy process. Our broker-style service is available to individuals and businesses. You can apply over the phone or online. A range of information will need to be provided to our consultants so they can source you a quote and negotiate the cheapest offer. This information will include details of your income, employment status and history, assets and debts including credit card balances and other loans and regular expenses. A good credit profile will attract a cheaper interest rate and loan conditions. So if you think you may have issues in that area, review your profile and move to address any problems. Paying down credit card balances may improve your prospects also. Once we have your information and details of the vehicle you intend to purchase, we proceed to source the cheapest loan offer from across our lender panel. When you accept that offer, we proceed to process the application. ## **Pre-approved Loans for Low Stock Vehicles** A loan application can be made after a vehicle has been selected and a commitment to purchase made or beforehand. A loan application made prior to actually buying the vehicle so to speak is known as a pre-approved loan. Pre-approved finance can be very useful as it provides applicants with a firm idea of how much they are approved to borrow and therefore which vehicles they can start to consider. It’s also particularly handy in the current climate of limited availability with some makes and models. Buyers with the finance already sorted can immediately commit and place first dibs on low stock cars. All the features and conditions of pre-approved loans are the same as for post-purchase finance, including the interest rate.. ## **Travel Town Tips** If you need inspo for where to go we can share some ideas. Check out the 2022 Australia’s Best Beaches list released by Tourism Australia. Head off and make your own judgements. Booking platform Wotif also posted a list of top towns which could be worth checking out. Easter starts on Friday 15 April so the countdown is on for those planning a road trip in their new car or a ride on their new motorcycle. **Contact Jade Finance 1300 000 008 for car loan or motorbike loan quote to make that dream Easter road trip.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Credit issues post-pandemic? Biz Finance Assistance](https://jade.finance/blog/credit-issues-post-pandemic-biz-finance-assistance) **Published:** November 20, 2021 **Author:** Publisher **Content:** Australian Governments, both state and territory and Federal, were swift to initiate support for businesses as the COVID-19 pandemic emerged and the economic effects become clearly problematic. But while considered generous and far-reaching, the support available was not sufficient to sustain all businesses through the extended period of the pandemic and many have ended up with credit issues. Specific industries and geographical locations faced their own set of challenges while individual business struggled with their own set of issues. As the economy proceeds through what is being labelled the ‘recovery phase’ many businesses are finding themselves with a new set of challenges to overcome. The fall-out and flow-on of the nearly 2 years of restrictions – obstacles to acquiring cost-effective finance. As specialist business finance lenders, Jade Finance has continued to support business with cost-effective loans through the pandemic and continues to provide specialised and customised solutions to suit business needs through the next and ongoing phases. ## **Bad Credit Business Finance** If turnover and support measures were not enough for a business to have essentially paid its bills through the pandemic, it may find itself with a bad credit rating. Providers and suppliers of a wide range of services as well as banks and lenders will report to the credit reporting agencies on defaults and other credit matters. A credit profile is vital to loan application assessments and having a poor credit score can mean strict loan conditions, unaffordable interest rates or a straight out loan application rejection. At least by some lenders. To achieve workable and cost-effective [bad credit finance](https://jade.finance/business-loans/business-finance-bad-credit), the business needs to connect with lenders that are willing to extend under these circumstances and at realistic interest rates. Jade Finance is accredited with specialist non-bank lenders that operated only through industry channels. Our consultants work with and on behalf of our bad credit customers to source loan offers for finance for [vehicles](https://jade.finance/business-loans/business-car-finance), trucks and equipment. It can be expected that with a higher risk assessment, a higher than advertised interest rate would be offered and additional security or loan guarantees may be required by the lender. Each bad credit loan application is assessed individually and your Jade consultant will discuss what options are available to suit your requirements. It is worth remembering that loan applications whether proceeded with or not are reported to credit agencies. When multiple applications are submitted this can be recorded as a negative in a credit report. A situation which can further exacerbate a bad credit rating. Sourcing a bad credit loan through a broker such as Jade circumvents this. ## **Cash Flow Support** To fully recover from a business and bounce back in line with economic forecasts, a business may need cash flow support in the short term. One emerging area of concern for business is increased staff costs. Securing staff to fill roles may require offering increased wages and even sign-on bonuses and additional benefits. All extras that add to the cost outgoings and put pressure on cash flow. Jade Finance can provide a range of business loan options to support businesses with ongoing expenses. These loan options can include [Lender Overdrafts](https://jade.finance/business-loans/business-overdraft.php) and Secured and Unsecured Business Loans. These loans are available at highly competitive interest rates. ## **Low Docs Business Loans** The post-pandemic era for some operators may represent the dawn of a new business. Many have experienced an epiphany during the pandemic and have made major life changes. One popular change has been setting up their own business. The employment situation in some industries has been tenuous and working for yourself has been an appealing option. Starting a new business can be a great venture but sourcing finance can be, not so great. Lenders can have strict guidelines around business loan applications and new businesses can struggle to meet the criteria. To assist new business secure the required finance, we offer [Low Docs Business Finance](https://jade.finance/business-loans/best-business-loan-interest-rates)[ ](https://jade.finance/business-loans/best-business-loan-interest-rates)[R](https://jade.finance/business-loans/best-business-loan-interest-rates)[a](https://jade.finance/business-loans/best-business-loan-interest-rates)[t](https://jade.finance/business-loans/best-business-loan-interest-rates)[e](https://jade.finance/business-loans/best-business-loan-interest-rates)[s](https://jade.finance/business-loans/best-business-loan-interest-rates). This is available for vehicles, cars, trucks and a wide range of business equipment. As the name infers, these loans can be secured with less of the financial documentation usually required to meet the usual application criteria. An [ABN](https://www.abr.gov.au/tax-professionals/applying-abn) is essential and the more financial information that is required, the better the prospect as a rule. The financials may include simply-prepared accounts, business plans and other support material. Guarantees by the business owners and a review of the personal finances may form a part of the loan approval process. When approved, low docs loans are available for Chattel Mortgage, Leasing, Rent to Own and Commercial Hire Purchase. ## **Custom Solutions** We assist businesses with credit issues and those facing obstacles in securing finance with a comprehensive and professional lender service. Customers are assigned their own consultant that works to achieve individually sourced and structure financial solutions to address specific needs. Our services are available to all sizes and types of businesses including SMEs, sole traders, owner operators, family enterprises, partnerships as well as large concerns. Finance is negotiated directly with our vast lending panel and consultants provide extensive support to customers through the entire process. **Contact Jade Finance 1300 000 008 to discuss business finance requirements** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Instant Asset Write-Off: Explainer](https://jade.finance/blog/instant-asset-write-off-explainer) **Published:** April 24, 2020 **Author:** Publisher **Content:** In addressing the economic impact of COVID-19, the Australian Federal Government announced a range of stimulus measures for business. One of key interest to Jade Finance business customers has been the Instant Asset Write-Off (IAWO). To assist business understand this initiative, we have provided this explainer. **IAWO Details** - The threshold for IAWO has been increased from $30,000 to $150,000 for eligible businesses and eligible assets for a limited 15 month time period. - Eligible businesses are those with, as at 30 June 2020, an aggregated annual turnover of $500 million. - Eligible assets are new assets which are depreciable under Division 40 of the Taxation Act. - New assets, ie equipment, must be purchased and in operation by 30 June 2021. - A complete Australian Government fact sheet can be found at [https://treasury.gov.au/sites/default/files/2020-04/Fact\_Sheet-Delivering\_support\_for\_business\_investment.pdf](https://treasury.gov.au/sites/default/files/2020-04/Fact_Sheet-Delivering_support_for_business_investment.pdf) - As with all major acquisitions, we advise you to refer to your accountant to ensure that taking advantage of this IAWO measure is suited to your business. **Finance Selection** Jade Finance has been operational throughout the COVID-19 crisis and is on hand to assist with your finance requirements in regard to this IAWO measure. Considerations:- - Refer to the relevant Taxation Act to ensure the equipment, truck, marine vessel, motor bike, car or other asset is eligible. - Chattel Mortgage and Commercial Hire Purchase are suited to IAWO as they are on-balance sheet finance facilities. - Leasing, Rental and Rent to Own are off-balance sheet products and as such not suited to claim IAWO. - Selecting which finance product is best suited to your business should be done in consultant with your accountant. For example, the benefits to your business of leasing may outweigh the benefits of IAWO. **Asset Selection** From our analysis of the IAWO guidelines, a wide range of asset are eligible, these include:- - Trucks - Machinery - Motor vehicles, business cars - Marine vessels - Equipment for construction, manufacturing, medical facilities, general office operations, mining, agriculture and many more. Both Federal and State and Territory Governments are flagging key sectors to play an important role in the COVID-19 economic recovery. These, along with other changes in the way society in general operates, will present opportunities for many businesses. If you’re in this position, perhaps now is the time to consider asset acquisition and talk to us about the finance options. **To discuss your finance requirements, contact us on 1300 000 003 to speak with a Jade Finance consultant.** *DISCLAIMER:THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [How to Choose Car Loan vs Personal Loan](https://jade.finance/blog/car-loan-vs-personal-loan) **Published:** July 2, 2024 **Author:** Publisher **Content:** As specialists in motor vehicle lending, we provide private car buyers with the full range of financing options for car purchase and the expertise to assist in obtaining the most suitable credit product. While a Secured Car Loan is the most widely used product for most buyers, an Unsecured Personal Loan may be the most suitable option for others. Knowing when to consider a personal loan over a car loan starts with understanding the options available, comparing interest rates and loan terms and appreciating the benefits of car loans for vehicle financing. Our expert brokers guide buyers through the vast motor vehicle lending market and source the most suitable loan from across our 80+ lenders. If you’re in the market for financing options for a car purchase, speak with one of our brokers today. ## Choosing Between a Car Loan and a Personal Loan – Overview Understanding the key features of different types of financing options for cars and the intended use of specific products can be a vital first step towards making an informed decision. Secured Car Loans are used to finance both new and many second-hand vehicles. The format is straightforward with the vehicle used as collateral, the rates and terms fixed, and the loan repaid in equal monthly instalments. Personal loans may be secured or unsecured. But when a personal loan is used to finance a car, the typical reference is for an Unsecured Personal Loan. This type of credit product can be used for a wide range of purchases and purposes where no collateral is available to secure the finance. With no collateral available, the interest rates are higher than secured loans and the terms may be limited. But this type of credit can present flexibility for some vehicle buyers and a pathway to vehicle ownership not available with secured credit. Unsecured loans may be used for vehicles that are not accepted as suitable collateral. These may include second-hand cars in less than good condition, collectibles, vintage, restoration projects and some special category vehicles. This type of credit may also be useful where the buyer only requires a small percentage of the purchase price of the car for the loan. Unsecured loans allow funding without the vehicle being encumbered as collateral and if the borrower defaults, the vehicle is not vulnerable to being repossessed. We encourage buyers considering these options to request a quote for each option to assist in making that all-important decision. - **Secured Car Loans suited to new and most used cars.** - **Unsecured Personal Loans for special vehicles, no collateral available.** - **Specialist brokers to assist with choosing the right car loan.** ## Know the Key Differences Between Financing Options for Car Purchase There are a number of key differences between secured car loans and unsecured personal loans that buyers should consider in their decision-making process. With a secured car loan, the vehicle is used as collateral for the loan. Most buyers will not need to provide additional security. Leaving other assets free of the encumbrance. By definition, Unsecured Personal Loans do not use the goods or purpose of the finance as collateral. This can provide flexibility but some lenders may request some form of personal guarantee. Buyers should consider their overall financial position in regard to providing collateral to meet lender requirements. With no collateral on an Unsecured Personal Loan, the risk is rated higher and the interest rate higher than for a secured product. Higher rates mean higher repayments and a greater overall cost for the vehicle. Repayments must work with income and budgets and the interest rate can be a major deciding factor. Car Loans are typically arranged with a fixed interest rate while unsecured loans may be at fixed or variable rates. While fixed rates provide certainty, variable rates do offer the prospect of a rate cut. The terms available for unsecured credit may be shorter than for secured loans. A shorter term can mean larger repayments which may not work with the buyer’s budget or income. Apart from the differences in the credit products, there are also lender variations in regard to credit score approval criteria, types of vehicles approved as security, rates, loan amounts and collateral requirements. With our accreditation with 80+ lenders, we have the resources to obtain the best option to suit individual buyer requirements. Buyers comparing interest rates and loan terms on Car Loans and Personal Loans can use our Finance Calculator to obtain estimates on repayments. Or simply contact us for a quote at the best rates and most workable terms. - **Lower rates on Secured Car Loans.** - **Varying terms for unsecured and secured car financing.** - **Obtain best option, best rates from 80+ lenders.** ## Weigh Up the Pros and Cons of Secured Car Loans In weighing up the pros and cons of a specific car loan versus unsecured loan, the positives tend to outweigh the negatives for many buyers. The motor vehicle lending market is vast with variations across the sector in loan product features, lender criteria and interest rates. As vehicle lending specialists, our Secured Car Loans are specifically structured to suit vehicle buyers and sourced from a vast lender base. Ensuring that our buyers obtain a loan that is specifically suited to them and their vehicle and at the lowest rates. Most vehicles will be accepted as suitable collateral for a Secured Car Loan, enabling buyers with little other assets, the ability to purchase a vehicle with finance. With the vehicle as collateral, lenders categorise this type of credit at lower risk and offer the lowest rates. Flexible repayment terms are available on secured vehicle finance with up to 7 years approved for many buyers. Enabling buyers to achieve affordable repayments and possibly upgrade to a more expensive vehicle. Some lenders will have a maximum amount they will approve for vehicle loans. But with our extensive lender base, we can secure funding for all types of new vehicles across the price range. Some lenders are also offering special rates and conditions on secured loans for green cars. Our secured vehicle funding is arranged with fixed low rates, fixed terms and fixed repayments to provide buyers with certainty in planning their budget and future finance decisions. A negative for a secured credit product is if the borrower defaults on the loan, they risk having their vehicle repossessed. Insurance is required on vehicles acquired with secured credit, which is an additional cost to be taken into account. To meet lender approval criteria, some buyers may be required to make a downpayment. This may be an issue to be addressed by some buyers. To overcome this issue, buyers may select a lower priced vehicle to meet approval guidelines. Using our services, buyers have the right lender selected to suit their specific profile. For a quote on a Secured Car Loan at the best rates contact Jade. - **Fixed rates, fixed terms, fixed repayments.** - **Best rates on Secured Car Loans.** - **Suits most vehicles and most buyers.** ## Pros and Cons of Personal Loans for Car Purchase Unsecured personal loans can provide greater flexibility for some car buyers due to the lack of collateral required. This feature may allow funding for special vehicles and older cars which are not acceptable as collateral for a secured loan. But the lack of collateral means this type of loan is rated higher risk and attracts higher interest rates than secured products. Interest rates on unsecured loans may be at variable interest rates which provide the prospect of possible reductions in interest rates and repayments over the term. Variable rate loans allow for early pay-out with no break fees applicable. This option may suit buyers that intend to finalise the loan before the scheduled end of the term. Some unsecured loans are only offered over relatively short repayment periods and for limited amounts. This may suit buyers that only require a smaller loan amount but may not suit buyers looking for no deposit finance. Buyers trying to decide when to consider a personal loan over a car loan can speak with our experts for guidance. As personal lending experts, we can assist buyers with a detailed analysis of their options, providing quotes for both personal loans and car loans to compare and make an informed decision. - **Higher rates, but potential flexibility.** - **Possible shorter terms, lower loan amounts.** - **Specialists to guide buyers with decisions.** --- ## FAQS **Is insurance required with an unsecured personal loan for a car?** Insurance is required on goods under finance. Where a vehicle is not used as collateral for a loan, buyers may not be required to cover the vehicle with insurance. **What are the best financing options for a car?** Car buyers can choose between a Secured Car Loan and an Unsecured Personal Loan to finance vehicles. Features and benefits of each should be considered to determine which presents the best option for the individual buyer requirements. **Is the interest rate on a car loan better than personal loan?** Interest rates on secured car loans are typically lower than on personal loans. **Can I get a car loan for a used car?** Where a used car is accepted as suitable collateral, buyers may obtain a Secured Car Loan to finance the purchase. **How can I work out possible repayments to compare car loan with personal loan?** Buyers can use an online car finance calculator to work up estimates to compare car loan options. **The bank said my used car is not acceptable for a secured loan. What are my other car financing options?** Where a lender does not accept a car as suitable collateral for a secured loan, buyers may consider an Unsecured Personal Loan. **What collateral is needed for an unsecured personal loan for a car?** By definition, no collateral is required for an unsecured loan. Some lenders may request some applicants provide some form of security possibly with a personal guarantee. **Can an unsecured personal loan be used to fund a motor vehicle?** Yes. Where a buyer does not choose to offer the vehicle as collateral or where it is not accepted as collateral, an unsecured personal loan may be considered to finance the vehicle purchase. **Are there restrictions on what types of cars are approved for Secured Car Loan?** Most types of vehicles purchased for private use can be financed with a Secured Car Loan. This includes SUVs, utes, wagons, sedans, EVs, sports cars and other body types. The vehicle must be accepted as security by the lender. **Will I get any special deals on financing an EV with a car loan?** Some lenders offer special features on loans for EVs, subject to individual criteria. These offers may not be available on personal loans. **Categories:** Finance --- ### [Fringe Benefits Tax Unravelled: What You Need To Know](https://jade.finance/blog/fringe-benefits-tax-unravelled-what-you-need-to-know) **Published:** June 17, 2024 **Author:** Publisher **Content:** The coffee machine in the corner of the office, the free drinks on a Friday, the morning tea nobody asked for – welcome to the world of Fringe Benefits Tax (FBT), where every office perk comes with a tax surprise. FBT is an undercover tax that exists to make sure the extra benefits provided in a workplace aren’t entirely tax free. That’s right, the tax man is everywhere. To understand FBT, who pays it, and whether an employer can claim tax deductions on it, keep reading. But first, what is a fringe benefit? ## What is a fringe benefit and what does it include? Fringe benefits, also known as employee benefits or perks, include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. They are an important part of a business and can be a useful way to attract and retain quality staff. Examples of fringe benefits include a car for private purposes, goods at a discount, low interest loans, and reimbursement for private expenses like school fees. Examples of things that are not considered fringe benefits are salary and wages, employer contributions to complying super funds, shares or rights provided under approved employee share acquisition schemes, employment termination payments, and benefits provided to volunteers and contractors. ## What is Fringe Benefits Tax (FBT)? Fringe Benefits Tax is a tax that employers pay on benefits given to an employee or their associates, like family members, in addition to their salary or wages. FBT is calculated on the taxable value of the benefits you provide and is separate from income tax. To put it simply – imagine you work for a company and in addition to your salary, they give you some extra perks like a gym membership, coffee, or company car. Now, the government wants to make sure they get their fair share of taxes from the perks, so it makes your employer pay the tax separately. This is FBT. FBT is a legal practice used across Australia provided a business meets their FBT obligations. These obligations require businesses to: - **Register for FBT** - **Calculate how much FBT you have to pay** - **Keep all records relating to the benefits you provide** - **Lodge a return and pay FBT to the ATO** - **Include reportable fringe benefits on your employees’ payment summary.** ## Who Pays this tax? The employer is responsible for paying FBT which is based on the taxable value of the fringe benefits provided to employees and their associates. The employer must also pay the FBT if the benefit is provided by a third party under an arrangement with the employer. However, if the employer provides only salary and wages to employees, no FBT will be applicable. If you are an employer and want to work out how much FBT you need to pay – you ‘gross-up’ the taxable value of the benefits you’ve provided. The FBT that an employer must pay should be 47% of the total value of the fringe benefits. Some start-ups and small businesses believe they are exempt from paying FBT – however this is a myth. [Small businesses](https://jade.finance/business-loans/sme-small-business-loans) are also required to pay FBT. ## Who Receives Fringe Benefits? Employees are the recipients of Fringe Benefits. The idea behind fringe benefits is to enhance the compensation package and improve the attractiveness of the job. Fringe benefits will vary depending on an employer’s policies and legal regulations. For the purpose of Fringe Benefits Tax, an employee can be a director of a company, beneficiary of a trust who works in the business, or a current, future, or past employee. Sole traders or partners in a partnership are not subject to FBT, nor are the benefits employers may provide to clients such as entertainment. ### Can You Claim Deductions and GST Credits? Yes, employers can claim an income tax deduction and GST credits for the cost of providing fringe benefits, as well as an income tax deduction for the FBT they are required to pay. Some benefits that are tax deductible are if they are paid for by the employees themselves. For example self-education expenses, travel costs, clothing and laundry costs. A way to forego having to pay FBT is if employees are provided with a cash bonus rather than a benefit. Some popular tax deductible fringe benefits include: - **Work-related items** *Eligibility*: Items provided to employees for use in their employment such as tools, laptops, mobile phones, and protective clothing. - **Car expenses** *Eligibility*: Car-related expenses incurred by the employees in the course of their employment such as fuel, maintenance, registration, and insurance. - **Professional development expenses** *Eligibility*: Expenses related to professional development activities undertaken by employees to improve their skills or knowledge relevant to their current employment. This may include course fees, training materials, and travel expenses for attending workshops or conferences. - **Travel expenses** *Eligibility*: Travel expenses incurred by employees for work-related purposes such as business trips, client meetings, or site visits. This can include expenses like airfare, accommodation, meals, and transport. ## Further FBT information – a guide for employers Some key FBT points outlined on the Australian Taxation Office website include liability, calculation, reporting, exemptions, concessions, and record keeping requirements. For further information to help you meet your FBT obligations as an employer, read [**Fringe Benefits Tax – a guide for employers**](https://www.ato.gov.au/law/view/document?DocID=SAV%2FFBTGEMP%2F00001&document=document). 1. **FBT rates and thresholds** The FBT rate is currently set at 47%. There are also specific thresholds and exemptions for certain types of benefits. 2. **FBT reporting and compliance** Employers are required to register for FBT, keep accurate records of fringe benefits provided, and report and pay FBT to the ATO by specific deadlines. 3. **Exemptions and concessions** Certain benefits may be exempt from FBT, such as work-related items provided to employees earning less than $300 in salary sacrificed contributions. 4. **FBT concessions for small businesses** Small businesses may be eligible for concessions under the FBT law, including reduced FBT rates and simplified reporting requirements. 5. **Employee contributions and FBT** Employee contributions towards the cost of fringe benefits may reduce the taxable value of the benefits subject to FBT. 6. **Record-keeping requirements** Employers must maintain accurate records of fringe benefits provided to employees, including details of each benefit and its taxable value. ## Why Should I Partner With a Broker at JADE Finance? With over 25+ years of experience in the commercial space, [Jade Finance](https://jade.finance/) pride themselves on [business finance](https://jade.finance/business-loans) solutions their clients require through the peaks and troughs of the ever-evolving financial services industry. With new players constantly emerging, and existing companies expanding their products and offering – Jade Finance is a strong, stable company that you can trust to uphold your best interests. For more information on Fringe Benefits Tax, or to explore our extensive loan options, call 1300 000 008 or [Request a Quote.](https://jade.finance/free-finance-quote) **Categories:** Finance --- ### [The Tempting Traps of 0% Interest Car Loans](https://jade.finance/blog/the-tempting-traps-of-0-interest-car-loans) **Published:** June 17, 2024 **Author:** Publisher **Content:** ## Opening Insights In the market for a new car and comparing interest rates? The inevitable task of shopping around for the best rates so you don’t overpay, is just as important as finding the right vehicle. So when a car manufacturer offers a “0% interest rate”, it’s hard not to jump straight into a deal. In short, 0% interest is a type of loan that does not require interest to be paid back over the life of the loan. This means only the upfront financing costs are repaid to the lender. But don’t be fooled, 0% interest is not as simple as it sounds, and often comes with a ‘catch’. Common catches that many buyers will later discover are inflated pricing on the vehicle, a short 0% interest promotional period after which a much higher rate applies, or possibly high fees and charges incorporated into the loan contract. So if you think a 0% loan is going to give you the best deal, you might want to think again. To ensure you understand the true cost of 0% interest, and how to find the [best car loan rate](https://jade.finance/car-loans/car-loan-interest-rates), browse this comprehensive guide of common ruses in the [car financing](https://jade.finance/car-loans) market. ## Hidden Fees When choosing a car loan, 0% interest sounds great. It sounds like you’re getting a cheaper deal. But the truth is, lenders have to make their money somehow, so where are they picking up the extra bucks when you’re skipping out on the interest? Hidden fees catch many people off guard. These fees can include a higher purchase price for the vehicle, lack of flexibility over the price, a low price on your trade-in vehicle, a shorter loan term resulting in higher repayments, and balloon payments. Other tactics that are used to squeeze out more money can also include a compulsory servicing arrangement with the dealer to maintain the vehicle’s warranty (when you’d likely be able to get your car serviced cheaper elsewhere). And these examples are just the tip of the iceberg, each contributing to the purchase price to help compensate for the lack of interest payments. After sifting through the hidden fees associated with 0% finance, there is usually a better option for financing your vehicle. ## Introductory Period When exploring the idea of a [car loan](https://jade.finance/car-loans) with a 0% interest rate, it’s important to dig deep and read the fine print. Often the 0% rate only applies to the first six to twelve months or 12 months to 21 months. After this introductory period, the interest rate will revert to a higher rate which will enable the lender to recoup the money that they lost in the introductory period. So while 0% interest sounds like a good deal, the true cost is actually built into the price of the loan and can result in you getting a pretty poor deal. ## Credit Score Impact & Eligibility Your credit score is your reputation as a borrower. It determines many aspects of your life including whether you can get a new credit card, a mortgage, or be approved for a car loan. So it’s important to maintain a good credit score to ensure you can borrow money now and in the future. In getting approved for a 0% interest loan, your credit score highlights your repayment history to a lender. Typically only applicants with high to extremely high scores will be successful. If you have a standard credit score or lower, chances are you won’t be approved for a 0% interest car loan. Some actions that contribute to a low or bad credit score include missing monthly repayments, paying monthly repayments late, defaulting on payments, entering debt agreements, declaring bankruptcy, and frequent credit enquiries. ### How to access your credit score Individuals are entitled to receive a number of free copies of their credit report every 3 months. There are companies that advertise a fee to provide a copy of a credit report. Before jumping in for those services, it may be advisable to consider your free options first. The Federal Government [MoneySmart](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) website provides information on where to access a free copy of your credit report. This information includes the contact details for several credit reporting agencies. ## Minimum Payments For any loan, typically there will be a minimum payment requirement that the borrower must meet. That is, the lowest amount of money you can pay each month to satisfy the terms of the loan. For a 0% interest loan, the catch of the minimum payment requirement is the amount you must repay each month is higher because it allows the lender to recoup the full amount of the loan within the loan period. So be aware that if you are looking to secure a 0% interest car loan, your minimum payments will be much higher than if you were repaying a loan with interest. In addition to the minimum payment requirement, if you miss even one monthly payment – you will most probably be hit with a new sky-high interest rate, including some other fees and penalties. ## Closing Thoughts In sum, 0% interest car loans are just not worth the hype and tend to benefit the lender more than the buyer. Unless you are in a stable financial situation where you know you can meet the strict repayment schedule and minimum payments within the loan term, a 0% interest deal could end up costing you more. There are so many strings attached to 0% interest loans with hidden fees, the introductory period, credit score, eligibility, and minimum payments just scratching the surface. To be plainly simple, if you think you’re saving money by opting for 0% interest, you are kidding yourself. If you really want to avoid paying interest – purchase with cash! You’ll pay absolutely no interest and won’t have to deal with any kind of monthly repayment schedule. ## Secure Your Next Car Loan With Terms That Work For You. Jade Finance is focused on securing the best loan for you which is why we do not offer 0% interest car loans. As specialists in motor vehicle lending with over 25 years of experience and accredited with over 80 lenders, we are committed to providing our buyers with the lowest rate achievable across the market to suit their profile. In short, we work in our customer’s best interests. If you are considering a 0% car finance deal, we encourage you to first speak with us for more information and for an alternative cheap rate option by calling 1300 000 008, or [Request a Quote](https://jade.finance/free-finance-quote) online. **Categories:** Finance --- ### [Secure Your Car of the Year with Cheaper Motor Vehicle Finance](https://jade.finance/blog/secure-your-car-of-the-year-with-cheaper-motor-vehicle-finance) **Published:** March 3, 2023 **Author:** Publisher **Content:** With the stock issues in the motor vehicle sector appearing to ease in recent months and with more interest rates rises ahead, now could be an opportune time to buy a new car with motor vehicle finance. But which car? The Australian new vehicle market is extensive and selecting the right car can be a confusing, but exciting, process. To cut through the confusion of weighing up the features and benefits of the new cars on the market, the team of motoring industry experts at [Drive](https://www.drive.com.au/ "Drive - Australia's home of Car News, Expert Reviews, Independent Advice, Specs and Guides and Cars for Sale") annually announce awards for Car of the Year. The awards cover a large number of categories so all buyers are covered. The 2023 awards are now happening and buyers may like to take note of the finalists, runners-up and winners to assist with their selection. To start the process, we report on a number of the winner announcements which have been made to date and talk finance. **Jade Car Loans assists private and business buyers secure their choice of vehicle from the Car of Year winners and finalists with cheaper motor vehicle finance.** ## **Drive Awards Program** Drive has been running its [Car of the Year awards](https://www.drive.com.au/drive-car-of-the-year/2023/ "Drive Car of the Year Overall Winner") for many years and the program has become highly regarded as an extremely authoritative source for buyers. The program is regularly amended with new categories added and those no longer considered as relevant excluded or tweaked. The awards are divided into 19 categories which cover passenger cars, SUVs, work vehicles such as utes, luxury cars and of course electric vehicles. With the growth in the EV market, for 2023, these categories also have grown. Awards are now given for 3 categories of EVs and hybrids. The medium SUV hybrids have become hugely popular and now have their own award category. This expansion of the EV awards categories may be especially helpful for buyers considering purchasing their first green vehicle. While the technology has been around for quite a while, deciding which specific vehicle may be confusing for those not completely across the latest advances. The judging process is extremely detailed and comprehensive with 11 judges involved. The judges have impressive credentials and experience in the industry and the entire process covers a year. Over 500 new vehicles on the market are tested throughout the year to arrive at the finalists. Then the intense stage of deciding the winner is carried out over a special two week period at the one location. The criteria for judging include:- efficiency, affordability, safety, technology, driveability and practicality. ## **Car of the Year Winners** The winners of all 19 categories will be released throughout March. We focus on a few of those that have been announced so far. The Dual Cab Ute Off-Road is a massively popular category, especially for tradies and other business owners wanting a double duty vehicle. And of course for private buyers looking for a vehicle to handle the weekend rec – tow the boat or caravan, take the dirt bikes etc. The winner has been named as the [Ford Ranger Raptor](https://www.ford.com.au/showroom/trucks-and-vans/ranger-raptor/ "The 2022 Next-Generation Ranger Raptor | Ford Australia") ahead of the Toyota HiLux Rogue. Nissan’s Navara SL Warrior was also a finalist. As mentioned, Medium Hybrid SUVs now have their own category and the best for 2023 was announced as the Mitsubishi Outlander. The Toyota RAV4 came in second with the Ford Escape and H6 from Hazal also earing finalist gongs. Small SUVs have also grown in popularity due to their versatility and the market is growing. From the vast selection the Nissan Qashqai was considered the winner and the Toyota Corolla Cross the runner-up. Also finalists were the Honda HRV and Skoda Kamiq. Medium SUVs are also a growing market and provide an extremely versatile family car. Nissan’s X-Trail was crowned the best in this category followed by the Kia Sportage and then VW’s Tiguan Allspace. Need something larger? Then the winner of the Best Large SUV may be of interest. That was considered to be the Kluger from Toyota. Next was Nissan’s Pathfinder, then the Ford Everest and Hyundai Santa Fe. There are more winners to be revealed and we’ll update with the next categories as well as what cars sold best last month, in coming articles. ## **Motor Vehicle Finance Options** The big focus on motor vehicle finance at the moment is interest rates. The run of RBA rate rises is expected to continue for possibly 2-3 more months and that can mean, increases in car loan interest rates. Using our services to [secure the cheapest rates](https://jade.finance/car-loans/car-loan-interest-rates) can save buyers time in comparing rates and offers from across the extensive motor vehicle lending sector. Saving time may be particularly relevant for those looking to secure their car of the year before more rate rises or to realise tax benefits prior to the end of financial year with [business vehicle finance](https://jade.finance/business-loans/business-car-finance). Buyers can apply for finance and receive fast approvals even before making the final buying decision. While stock levels are showing some easing, once buyers hear of the awards, the winning models may be in high demand. **To secure cheaper motor vehicle finance for a Drive Car of the Year, contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Finance --- ### [Buying inspo - top selling cars for February revealed](https://jade.finance/blog/buying-inspo-top-selling-cars-for-february-revealed) **Published:** March 9, 2023 **Author:** Publisher **Content:** When it comes time for a new car, most buyers will have a system or process to make their selection. It may be based on practicality, style, design, the latest tech and very often price. But with the moto vehicle market experiencing severe stock shortages and long wait times in the past few years, the usual selection process may need to adapt. Buyers may need a bit of inspiration and that can be found in the monthly top selling cars data. This data is released by the Federal Chamber of Automotive Industries (FCAI) and reveals the top selling cars for the month across multiple categories and the top brands. The data is for new cars which were delivered in that month. A word of caution. Many of the sales have reported been to buyers which have been on wait lists. The figures may also reflect a shipment arrival. So just because a certain make or model sold a lot of units last month does not necessarily mean buyers can walk into a dealership and drive away with their new car. But, the data is great to review and may give buyers ideas of what other models to consider. The data for February was recently released and the Ford Ranger beat the Toyota HiLux to top spot with the Model 3 Tesla number 3 top seller for the month. EV sales are also seen as continuing to increase. **While reviewing the top selling cars data, buyers can consider cheaper car loans through Jade Finance and use the finance calculator for repayment estimates**. Ticket price is one thing. Securing better rates for [cheaper motor vehicle finance](https://jade.finance/car-loans/car-loan-interest-rates) can be the real clincher. ## **FCAI February Report** In the February car sales report, the [FCAI](https://www.fcai.com.au/ "Federal Chamber of Automotive Industries") reveals an 1.8% increase in sales compared with February of last year. Tony Weber, the Chief Executive for the Chamber, said this was pleasing outcome, considering the supply constraints both locally and globally. According to Mr Weber, the increase in sales of battery electric vehicles which now represents 6.8% of total sales for February, proves that when a product is available that suits the needs, the habits and the finance, buyers will purchase battery EV vehicles. The demand has been so strong that 13.9% of the monthly total sales is made up of zero and low emissions vehicles. In the February statement, the FCAI also includes information on the country of origin in relation to sales figures. Not all buyers will be aware of in which country their vehicle was manufactured. Manufacturers have factories in different countries to manufacture their range of models. Japan is still the leading country of origin for Australian car sales. Thailand is second for the February data, China the third and fourth is Korea. In trends, the sales of passenger cars was below the January figure while light commercial vehicles and SUVs posted modest rises on the January figures. ## **Top Selling Cars by Brand and Model** The FCAI reports the top 10 best selling brands and overall models as well as the top 3 in specific categories. The top selling motor vehicle brand in Australia continues to be [Toyota](https://www.toyota.com.au/ "Toyota Australia"). The brand still managed to outsell the others in the market despite posting a 31.4% decrease when comparing sales for YOY (year on year). Mazda also posted a slight fall on a YOY basis but still ranked number two best selling brand. Ford was the big mover. Increasing sales 30.6% on a YOY comparison and finishing third for the month. Fourth place went to Kia, then came Hyundai and Mitsubishi. Making up the rest of the top 10 were MG, then Subaru, followed by Tesla and Isuzu coming in at 10th. In the model stakes it was Ford’s Ranger first then HiLux and Tesla Model 3. Next was the CX5 from Mazda and then Mitsubishi’s Outlander. Positions 6 to 10 comprised Toyota RAV4, MG ZS, Isuzu D-MAX, Subaru Forester and the MG3. That should provide good inspiration for buyers to start thinking about. So now inspiration for cheaper car finance. ## **Top Selling Cars with Cheaper Finance** The RBA has just announced its tenth increase to interest rates in a row and that will impact the motor vehicle finance sector over time and with variations. These ongoing rate rises can represent a significant increase to new car loans and further magnifies the significance of getting the cheapest rates and a fixed rate. By using our broker services, buyers can quickly and efficiently access over 60 car finance lenders and land the cheapest loan offer suited to their application. No need to wait on hold to speak to numerous banks and finance companies for quotes to compare. Just the one call to us and the job will be done. We provide finance for both personal car loans and [business vehicle finance](https://jade.finance/business-loans/business-car-finance) with a complete portfolio of consumer and commercial loan products. Business owners are once again reminded of the expiration date for temporary full expensing – 30 June. Vehicles need to be purchased and in the business by that date to meet the criteria as set out by the ATO. With some delivery delays persisting, especially with recent issues on the dock, this may influence the choice of vehicle. Further inspo for car buyers will be provided as we reveal more winners of the Car of the Year awards and individual top sellers in different categories in coming news posts. **To secure cheaper motor vehicle finance for top selling cars contact Jade Finance 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [The Rule of 78 – What is it and why does it matter?](https://jade.finance/blog/the-rule-of-78-what-is-it-and-why-does-it-matter) **Published:** June 11, 2020 **Author:** Publisher **Content:** When it comes to finance, there are a lot of terms, topics, rulings, issues and factors to take in, especially in relation to [commercial finance](https://jade.finance/business-loans/commercial-loans). At Jade Finance, we endeavour to educate and inform our customers as much as possible to ensure they are well-informed. One of the topics which we’ve been asked about recently is The Rule of 78. Customers are wondering what it is and why should it matter to them? In this article in our educational series, we tackling the topic of The Rule of 78 – in as simplistic form as we can. The purpose of this article is to inform, not provide financial guidance. Any decisions or explanations around how the Rule of 78 may affect your individual financial situation should be discussed with your financial advisor. ## **ATO Ruling** As with many issues around finance, especially when they relate to taxation, the Australian Taxation Office (ATO) is always a good point of reference. They have a section on [The Rule of 78 which you are welcome to deep dive into yourself](https://www.ato.gov.au/law/view/document?DocID=TXR/TR9316/NAT/ATO/00001&PiT=99991231235958). The Rule of 78, also known as Rule 78 and Rule of 78s, is one of several methods of calculating and apportioning the interest charged on fixed term commercial loans. It doesn’t apply to all loan types. The ATO Taxation Ruling TR 93/16 covers the detail around when it is appropriate to use Rule 78 but not the tax deductibility considerations. That is covered in another Ruling. The ATO states that where Rule 78 is applied, it must be consistently done over the loan term. ## **Methods for Apportioning and Calculating Interest** Rule 78 is one of a few methods that lenders use to calculate interest. In addition to the Rule of 78, these methods include:- The Flat Rate: the total of the interest payable on the total loan amount is calculated and apportioned equally to the number of repayments. This means that the interest component of each repayment is the same and the principal is also being reduced with each payment. The Actuarial Method: with each repayment, the loan balance is multiplied by the rate of interest. The result being that interest component of each repayment will be decreasing over the loan term and a greater amount of the principal is repaid each month. ## **The Rule of 78: Explainer** - Rule 78 utilises an arithmetic progression to calculate the interest and apportions. The outcome is that more of the interest is apportioned to the first part or early repayments than the later repayments. As such, the borrower pays a larger part of the total interest earlier in the term. - The loan amount or principal is reduced at a slower rate because more of the repayment is being offset to the total interest owed. - When the borrower pays all repayments and any balloon or residual owed, the amount paid in total, including the interest, is the same for all methods. - If the borrower elects to pay out the loan before the end of the loan term, a greater amount may still be owing that expected as the principal has been paid down slower. More of the repayments have been offset to the interest than the principal. - Statements which display the interest and principal may be provided by some lenders. ### **Outcomes and Impacts** Why Rule 78 matters to some borrowers is that it may impact the amount of interest which is tax deductible at any particular stage of the loan term. It may also have an impact if the borrower chooses to pay out the loan early. However, be assure that when [Jade Finance](https://jade.finance) provide you with a quote, you will be advised of the interest rate and the repayments will include the total interest and any fees and charges applied by the lender. The total interest payable on a loan is the same under each method. The Rule of 78 is a rather technical issue, but we hope this explainer has been helped you understand what it involves. If you have any questions you’d like us to address in our educational articles, please contact us. **To discuss commercial finance on motor vehicles, trucks, business equipment, marine vessels and general business finance, please contact Jade Finance 1300 000 008 for a confidential and obligation free conversation.** **Categories:** Information --- ### [Choosing the Right Business Loan](https://jade.finance/blog/choosing-the-right-business-loan) **Published:** August 25, 2020 **Author:** Publisher **Content:** The business finance sector is structured with a number of different loan types. These finance products, known as commercial finance facilities, are designed to suit different acquisition purposes, different business types and as such, have differing elements and benefits. This large range of options can cause confusion for business operators in deciding which way they should go with a particular purchase or purpose. At [Jade Finance](https://jade.finance), we offer businesses a wide range, an extensive portfolio of products so we have a solution to suit most businesses and most purposes. In our role as a finance broker, as differentiated from your financial advisor, it is not our key function to advise businesses on which product is best suited to their needs in most situations. Our role is to source the finance based on the brief provided. So we highly recommend that business owners and operators refer to their accountant or financial controller in making the decision as to which finance facility is right for them. But to inform, educate and give you background to understand what’s on offer, we provide this overview of the differences in purchase, product and purpose in business finance. ## **Defining ‘Business’ Finance** The first issue to determine is whether or not you qualify for ‘business’ finance as opposed to ‘consumer’ finance or a personal loan. That is quite easy – you need to be a business and hold a current ABN in order to use [commercial finance](https://jade.finance/business-loans/commercial-loans) facilities. This will include [ABN holders](https://abr.business.gov.au/FAQ/ABNHolders), SMEs, sole traders, family businesses right up to the largest corporations. In addition to holding an ABN, some lenders will have specific requirements or guidelines for some loans for some businesses. Your Jade Finance consultant will explain these, if applicable. ## **Products, Purposes and Purchases** As a general differentiation, there are loan types for the purchase of goods and assets and finance facilities for other ‘non-tangible’ business purposes. For the purchase and acquisition of a range of goods and assets such as cars, vehicles, trucks and all types of equipment, the loan types include:- - Chattel Mortgage - Leasing - Commercial Hire Purchase - Rent to Own All these loan products are designed for the purchase of goods and while each has varying elements, the basic format is the lender holding the goods as security and the borrower repaying the loan at fixed monthly repayments over a fixed loan term. - Accounting methods: Chattel mortgage and CHP are best suited to businesses that use a cash accounting method while leasing and rent to own more for those implementing the accruals accounting method. - GST: With leasing and rent to own the repayments, GST is applied and claimable on the monthly repayments. With Chattel Mortgage and CHP the full GST of the purchase is claimed on the next BAS after purchase and no GST then charged on the monthly repayments. GST is not applicable to the interest portion. - Tax deductions: With leasing and rent to own, the repayments are considered an operating expense and are tax deductible. With Chattel Mortgage and CHP, only the interest portion of the repayments is tax deductible. - Balloon/residual/buyback: All these products include the option for a percentage of the purchase price to be deferred for payment at the end of the loan term. - Balance sheet: Leasing and rent to own are ‘off balance sheet’ loans as the asset appears on the lender’s balance sheet and Chattel Mortgage and CHP are ‘on balance sheet’ products. For more non-tangible purposes such as general operating finance during times of cash flow shortfalls; for some investment purposes; to cover costs of items such as services including consultancy, training, maintenance, some building and property works and similar requirements, Jade Finance offers:- - Business Loans: these can be secured or unsecured depending on individual requirements and lender guidelines. Just to confuse the topic, in some instances, a [business loan broker](https://jade.finance/business-loans/business-loan-broker) may be utilised for the purchase of goods. If used for non-tangible purchases, security may be required through property or by personal guarantee from the business owner. This type of loan is usually at a fixed interest rate and over a fixed loan term with a fixed repayment schedule. - Business Overdraft: Jade Finance offers the service of arranging business overdrafts through non-bank lenders. These are most often used to cover short-term cash flow shortages. Sourced through one of our non-bank lenders, the structure and operation is similar to that of a bank overdraft except the finance is via a lender. The business only pays interest on the funds used, the interest rate is usually fixed as the overdraft limit. Lender fees and charges apply. ## **Specialist Funding Options** Jade Finance also offers specialist finance for specific purposes:- - Insurance Premium Funding: allowing businesses to pay off large insurance premiums in quarterly or half-yearly payments rather than one large annual payment. - Debtor Invoice Funding: designed for businesses with customers that pay over a long term and the business requires more timely payment. Sourcing Business Loans Jade Finance offers a large range of finance solutions to suit many of the requirements of different sizes and types of businesses. Your Jade consultant will handle most of the aspects of the loan process based on your requirements. We hope this provides you with a greater understanding of the business finance market and we encourage you to consult with your accountant on specific loans. **For a loan or finance facility for your business please feel free to contact Jade Finance on 1300 000 008 for a confidential initial discussion.** *DISCLAIMER: THE PURPOSE OF THE INFORMATION PRESENTED IS FOR GENERAL INFORMATION AND NOT INTENDED AS FINANCIAL ADVICE AND SHOULD NOT BE USED AS THE SOLE SOURCE FOR MAKING FINANCIAL OR PURCHASE DECISIONS. THOSE WHO FEEL THEY REQUIRE ADDITIONAL GUIDANCE SHOULD SEEK OUT THE ASSISTANCE OF AN INDEPENDENT, PROFESSIONAL FINANCIAL ADVISOR. ALL DETAILS, INFORMATION, FACTS AND SPECS IN REGARD TO GOODS AND SERVICES AND IN REGARD TO GOVERNMENT POLICIES AND MEASURES HAVE BEEN SOURCED DIRECTLY FROM RESOURCES IN THE PUBLIC DOMAIN. NO LIABILITY IS ACCEPTED IN REGARD TO THE PRESENTATION OR THE INTERPRETATION OF THIS INFORMATION. IF INDIVIDUALS REQUIRE VERIFICATION, WE ADVISE THEM TO REFER TO THE THIRD PARTY RESOURCE.* **Categories:** Information --- ### [Treasurer Announces Credit Law Changes](https://jade.finance/blog/treasurer-announces-credit-law-changes) **Published:** October 7, 2020 **Author:** Publisher **Content:** In the lead-up to bringing down the annual Federal Budget, [Treasurer Josh Frydenberg](https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018) started a robust conversation amongst a number of sectors with plans to overhaul the consumer credit laws. The changes flagged would affect home mortgages, personal loans for goods such as cars, boats, bikes and caravans amongst others. The changes will also impact some small business loans. In general terms, the Treasurer has flagged changes to simplify the access to credit in order to stimulate spending and hence boost the economy in the post-COVID recovery. The Treasurer sees credit as a critical component to getting the economy firing. Most individuals will need to source a loan to purchase big ticket items such as cars and boats. But the current [consumer credit laws](https://asic.gov.au/regulatory-resources/credit/) are considered, by some, to be making that process more difficult and time-consuming. Certain processes, especially duplication across regulators, is seen as creating barriers to the access to credit. With easier access to credit, consumers will buy and business will be better placed to invest and so the positive economic cycle rolls on. Improving the overall flow of credit from the lending sector through to consumers is the main focus of the proposed changes. There has been a lot of discussion in the media around these proposed changes by many different groups so we’re simplifying the proposed simplifying of credit laws for your convenience. ## **Proposed Credit Law Changes** For a start, these changes are proposed only at this stage. The proposal forms part of the 2002/21 Federal Budget which after being brought down by the Treasurer in the first week of October, must then be passed through both parliamentary houses. As the Morrison Government does not hold the balance of power in the Senate, this may involve negotiating with cross-benchers. It may also result in changes to the changes. Second key point is that if the changes are all approved, the Treasurer has said he intends to have them in place by 1 April 2021. To grasp the changes you need to know what the current situation is and therefore, where and why changes are seen to be needed. For example, [Jade Finance](https://jade.finance) is a credit licensee, as are banks, finance companies and other finance brokers. As we detailed in another article, we are bound to operate under [Responsible Lending Guidelines as determined by ASIC](https://asic.gov.au/regulatory-resources/credit/responsible-lending/) when working with our consumer finance customers. We have strict rules and regulations that we, and others in the lending space, must adhere to. In addition to the ASIC regulations, the banks, which are a major source of consumer finance, must also adhere to APRA regulations. APRA is the [Australian Prudential Regulatory Authority](https://www.apra.gov.au/) and they control issues in the financial sector. There is a duplication of some issues with this approach and removing the double-ups is seen as a way to eliminate some of the obstacles to access to credit. The current way that the lending sector is set-up, the onus is very much placed on the lender. It is their responsibility to ensure that any loan or even and offer being made for a loan, is suitable for that borrower. In meeting these responsibilities, it is seen as the banks in particular taking too long in approving loans and hence providing access to credit. There have been comments that the banks question each expense and outgoing detailed by borrowers in applications. This situation is particularly prevalent in the home mortgage area. The changes propose the responsibility be shifted with the greater onus on the borrower to ensure they do have the capacity to meet the loan requirements rather than the onus being greater on the lender. To facilitate this shift, the lenders would be permitted to rely on details as provided by the borrower and the borrower responsible for providing correct details in loan applications. With the application process simplified, credit would be faster to access. Of course, credit licensees would still need to meet strict regulations and consumers would still have consumer safeguards in place. ## **How the Changes May Impact You** - If you currently have a consumer loan, there will be no change to your current loan. - The changes won’t be implemented until April 2021. - For those currently applying for a loan, your application and the process to have it considered and approved will remain the same. - If you apply for a consumer after the changes are implemented, the process may be more simplified and streamlined. ## **Timeframe for Change** As we flagged above, these are proposed changes only at this time and need to be passed in the 2020/21 Budget legislation in order to come into law. The banks and other lenders then need to implement changes to their own internal systems to integrate the changes. The Treasurer has said April 2021 is the date for change, so we will await and watch how the process plays out. Despite some criticism in delays in accessing credit, Jade Finance provides a streamlined service and can offer quick quotes, fast approvals and prompt settlement. **For further information on changes to consumer credit laws or to discuss a loan call Jade Finance call 1300 000 008** *DISCLAIMER: DATA, DETAILS AND INFORMATION IN REGARD TO POLICIES, GOVERNMENT PROGRAMS, PROPOSALS AND GOODS AND SERVICE ARE PRESENTED IN THIS ARTICLE FOR GENERAL INFORMATION PURPOSES ONLY. THIS INFORMATION IS, UNDER NO CIRCUMSTANCES, INTENDED AS THE SOLE SOURCE FOR MAKING FINANCIAL DECISIONS OR IS IT INTENDED AS FINANCIAL ADVICE. INDIVIDUALS SHOULD SEEK INDEPENDENT ADVICE IN REGARD TO THEIR PERSONAL FINANCIAL SITUATION. ALL INFORMATION HAS BEEN OBTAINED FROM REPUTABLE SOURCES AND IS PRESENTED AS GENERAL INFORMATION AND INTEREST. NO LIABILITY IS ACCEPTED FOR ERRORS OR MISINTERPRETATION OF INFORMATION AND DETAILS OF GOODS ETC AS PRESENTED.* **Categories:** Information --- ### [Is Now The Best Time To Buy?](https://jade.finance/blog/is-now-the-best-time-to-buy) **Published:** November 28, 2020 **Author:** Publisher **Content:** Some buy on a whim, some plan for ages and consider all the options before taking the plunge. For others a purchase may be an essential requirement for business or personal use. So when do you know if the time is right and is now the right time to buy? Coming out of a ‘what just happened’ year that was 2020, at [Jade Finance](https://jade.finance) we fully understand that some people will be taking a cautious approach to major purchases. While many others want to make the most of everything with a new car, boat, caravan or bike and business want to capture what’s on offer in government budget measures. So is now the right time to buy? At Jade Finance, we think it is a good time and we present our reasoning. ## **Interest Rates and the Lending Scene** The [RBA cut the cash rate in early November](https://www.rba.gov.au/statistics/cash-rate/) which means banks and lenders can pay less to source their funds which should flow on to lower interest rate loans across a range of finance products. Jade Finance always negotiates to achieve the cheapest interest rates for all our customers on all loan deals and we welcome the rate to achieve even better outcomes. The RBA has also initiated additional measures to encourage the lending sector to boost investment and stimulate the economy. ## **Buying a New Car** Despite the global impacts of coronavirus, many car makers still managed to launch new models into the Australian market. Only to have shutdowns and lockdowns inhibit the ability to come into the dealerships to actually purchase the vehicles. Now new 2021 models will be imminent and chances are many car dealers have stock to move. End of year car clearances occur in most years and there are some great deals across the market. [Talk to Jade Finance about a pre-approved cheap car loan](https://jade.finance/car-loans) before you head to the dealership so you are ready to commit. Other signs that the time is right to buy a new car might be right in front of you. Is your current car up to scratch? Does it have the latest tech? The latest safety features? Is it fuel efficient? Will it cost you more this coming year in repairs and scheduled maintenance than it’s worth? A [car loan at current low interest rates on a new car](https://jade.finance/car-loans/car-loan-interest-rates) could present a very attractive option. ## **Getting into Boating** The changes to our travel and holiday plans due to coronavirus have resulted in many people looking to new pursuits and many are looking at boating. Boating is a great recreational and leisure pursuit and the right boat, can become a floating holiday destination. Many major boat shows were cancelled in 2020 which deprived boat manufacturers and dealers of some of their prime selling and showcase opportunities. So stock is available and there are sure to be deals to be done. Summer is prime boating season so you’ll need to act fast to get your boat. Call Jade for a quick [boat finance](https://jade.finance/boat-loans) quote now and set things in motion. ## **Embrace the Freedom of Caravan Touring** [Tourism Australia](https://www.tourism.australia.com/en) has launched a Holiday Here This Year to encourage Aussies to explore their own country. Many have embraced the idea and caravan sales are experiencing a surge. Caravans, camper trailers, RVs and motorhomes offer great ways to travel and holiday with models to suit all lifestyles. Our [caravan loans](https://jade.finance/caravan-loans) are also sourced to suit the individual, so speak with a Jade consultant about how cheaply we can get you into your own caravan. ## **Get on Your Bike and Avoid the Commute** It’s the right time to buy a bike – any time according to motorcycle enthusiasts. And of course you can never have too many bikes in your collection. All that aside, coronavirus is likely to result in a change to people’s commuting preferences. If you no longer want to catch public transport for your commute, a motorbike could be a great option. ## **Investing in Trucks and Business Equipment** Has there ever been a better time to buy a new truck or business equipment? The asset accelerated depreciation measures on offer in the [Federal Budget](https://budget.gov.au/index.htm) in conjunction with low interest rates make now an ideal time to invest in new equipment. With a Jade Finance business loan you could realise significant tax benefits on the purchase of new equipment if eligible under the IAWO or temporary full expensing measures. ## **Find Out How ‘Right’ Now Really Is** Use our finance calculators to calculate rough estimates on repayments to see just how ‘right’ now is for that major purchase. Or just give us a call for a quick quote or get moving with a pre-approved loan. **To discuss consumer loans and business finance please contact us and speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: ALL INFORMATION PROVIDED IN THIS ARTICLE IS INTENDED AS GENERAL INFORMATION PURPOSES AND NOT AS AN EXCLUSIVE OR SOLE SOURCE FOR MAKING FINANCIAL DECISIONS. INDIVIDUALS SHOULD SOURCE INDEPENDENT ADVICE FROM A FINANCIAL ADVISOR IF THEY REQUIRE SPECIFIC DIRECTION IN RELATION TO THEIR CIRCUMSTANCES. CONTENT MATERIAL, DATA, SPECIFICS, PRODUCT FEATURES AND OTHER INFORMATION IS SOURCED FROM A RANGE OF SOURCES AND NO LIABILITY IS ACCEPTED FOR ERRORS OR MISINTERPRETATIONS OF SUCH DATA.* **Categories:** Information --- ### ['Tis the Season for EOY Sales!](https://jade.finance/blog/tis-the-season-for-eoy-sales) **Published:** December 10, 2020 **Author:** Publisher **Content:** Forget Christmas festivities and New Year’s Eve celebrations, to many people the end of the calendar year means something far more important – end of year sale time! That special time when retailers, dealers, manufacturers and sellers of all types slash prices to move stock. While the EOY sales are primarily connected with retail that is far from the reality as sellers of all types of goods get into the spirit of the season. Discounts can be found on cars, boats, caravans, motorbikes, trucks and many types of business equipment. All the types of goods and chattels that [Jade Finance can provide cheap loans to purchase](https://jade.finance). And with interest rates at wonderfully low rates, it could definitely be time to seriously consider that much-wanted car, the boat of your dreams, a caravan to tour through 2021, a bike for a quick commute when your return to the office or to upgrade your business for a much better 2021. But warning, sales events are not for the faint-hearted or the slow-movers. This can be serious business, the fast and the furious of purchasing. Suppliers may only discount a limited range of their stock. There may only be a few cars or boats available at that massive reduced price. The discount may not apply across a full brand of motorcycle, only a selected few models. Colour choices can be limited as can other features. So if you want to make sure YOU get what YOU want at the sale price, you should be well-prepared with your loan arranged well ahead of time. ## **Pre-Approved Loans Now Available** A smart strategy both during sale events and when making major purchases at any time, is to contact Jade Finance for a pre-approved loan. If you’ve never thought of this type of service it is very easy to apply for, the processes are the same as for applying for a loan post-purchase but it does offer a few extra advantages. - Same Jade cheap interest rates across all types of loans - Fixed interest rates, fixed loan terms, fixed repayments - Tax benefits for business buyers In addition it provides buyer benefits:- - Allows you to set your budget according to the loan amount you have been approved for. - Gives you confidence to proceed with purchase talks with the seller knowing you have the finance ready to sign a sales contract. - Can give you a bargaining tool to negotiate an even better price with some sellers. - Be better prepared and improve your chances of being first in to grab best deals. - Avoid FOMO – if you really want a certain model car in a certain colour or with specific features, having your car loan pre-approved may put you in a better position to make that happen. ## **Loans across All Categories** Jade Finance provides pre-approved loans and finance across all the loan categories that we operate in, for both new and most used goods and equipment:- ### **Personal Loans:** - [Secured Car Loans](https://jade.finance/car-loans) – all vehicles for personal use, new and used models. - [Secured Boat Loans](https://jade.finance/boat-loans) – wide range of boats including power, sail, cruisers, jet skis, yachts, trailer boats and many more. - [Secured Caravan Finance](https://jade.finance/caravan-loans) – traditional caravans, camper trailers, off road vehicles, RVs and motorhomes. - [Secured Motorbike Loans](https://jade.finance/bike-loans) – on and off road models, LAMs approved bikes and all other types from leading bike manufacturers. - Unsecured Personal Loans – subject to lender requirements. ### **Business Finance:** - [Business Car Finance](https://jade.finance/business-loans/business-car-finance) – passenger vehicles, SUVs, utes, work vehicles and commercial vans. - [Truck Loans](https://jade.finance/truck-loans) – light, medium and heavy duty vehicles, truck and trailer combos. - [Equipment Finance](https://jade.finance/equipment-loans) – for a wide range of equipment across most industries. - Low Docs, No Docs and ABN Only Loans Applying for a pre-approved loan is quick and easy. Either apply online or just give us a call and start the process with a conversation with one of our consultants. We offer quick quotes, fast approvals and prompt settlements so we won’t keep you waiting and wondering! ## **Avoid Sales Traps** While sale events can offer great opportunities they can also presents traps. Some sellers may use a sale to lure in buyers and only have a minimal amount of stock available at the advertised massive discount. They then tempt buyers to buy full or higher priced items. This of course is not illegal practices, but buyers should be aware. A major online retailer was recently fined by authorities by increasing prices prior to offering the discount. If purchasing at a supposedly massive discount on a major item, still do your due diligence and look into the pricing and features to ensure you’re getting what you expect and the price discount is genuine. Jade Finance supports our customers with cheap finance all year round and we are keen to ensure our customers have the cheapest finance to realise their purchase dreams. **To arrange pre-approved finance speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: READERS ARE ADVISED THAT THIS INFORMATION AS PRESENTED IN THIS ARTICLE IS INTENDED FOR GENERAL INFORMATION PURPOSES AND NOT AS FINANCIAL ADVICE. PEOPLE NEEDING FINANCIAL ADVICE ARE RECOMMENDED TO CONSULT WITH A FINANCIAL ADVISOR TO ASSIST IN REGARD TO THEIR INDIVIDUAL CIRCUMSTANCES. INFORMATION AND CONTENT IN THIS ARTICLE MAY HAVE BEEN SOURCED FROM A RANGE OF PUBLICATIONS AND INFORMATION RESOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS, MISINTERPRETATION OF OTHER ISSUES AROUND THE PRESENTATION.* **Categories:** Information --- ### [Self-Serve Loan Services with a Personal Edge](https://jade.finance/blog/self-serve-loan-services-with-a-personal-edge) **Published:** December 26, 2020 **Author:** Publisher **Content:** Self-service has been part of everyday life and business for a very long time. Self-serve petrol stations only emerged in Australia in the late 1970s while self-serve supermarkets, strangely named ‘assisted checkout’ are a more recent addition to the way we shop. Online services are becoming far more widespread with more and more suppliers and government departments providing facilities either in-store or online for customers to carry conduct their business. But despite this growth, some lenders, especially banks, still request you attend a branch for a loan interview or to submit an application or supporting documents. Many home loan brokers seem to insist they meet with clients, sometimes carrying out lengthy interview-style meetings. But at [Jade Finance](https://jade.finance), we fully appreciate that you either don’t have the time or the inclination for in-person meetings or attention when you require finance. We know that very often you may want to anonymously source information or find out what something might cost without have to explain your story or discuss anything really. We know for a fact that many people like to source information outside of business hours. So we’ve built our business model based on our own combination of contactless services but with a very individual and tailored approach. With COVID-19 highlighting the increased need for more online services, we have further expanded our own self-service finance resources and tools to meet the demands and expectations of our customer base. Source a wealth of information, tips and hints on a range of finance-related topics in our articles and blog library for starters. ## **Help Yourself to Estimates!** Our most recent additions to our website are our Lender Comparison Calculator and our Commercial Loan Comparison Calculator. - The Lender comparison is for consumer finance – cars, bikes, boats and caravan purchases – and is a compilation of major lenders and banks including Jade. The chart shows the interest rate and comparison interest rate currently advertised by that lender. By entering your loan amount and term you can immediately compare lenders – all on our site, in the one place. You can use this yourself, at any time, for as many loan amounts or purchases as you want. - The Loan comparison chart is for our business customers – [business car finance](https://jade.finance/business-loans/business-car-finance), trucks, equipment and [unsecured business loans](https://jade.finance/business-loans/unsecured-business-loans). We have prepare this table which shows the interest rate we are achieving across our portfolio of finance products. You enter your finance amount and term and see estimated repayments based on data entered. A great tool to assist with your decision around loan type decisions. These two calculators are provided, free of charge to use, in addition to our Loan Calculators, which have been a popular resource for some time. The loan calculators are also cost-free and obligation-free to use and are great for direction when you’re tossing up between different priced purchases. You simply enter the data around your loan to receive a repayment estimate. ## **Online Quotes and Applications, Tailored Responses** An integral part of our service is providing our customers with access to our cheap loan services whenever and from wherever they want. Truckers and caravanners on the road, boaters out on the water, business operator working out of hours – everyone can still apply for a Jade loan or request a quote when they have an internet connection, and not driving a vehicle, machinery or boat! Yes, we know having online forms is nothing new or special. But what is different with Jade is that we couple our online services with our personalised and tailored broker-style lender services. When contacting Jade via phone or email, you will be assigned your own consultant. That’s a real person not a digital sign. Consultants that are highly trained finance professionals and skilled in negotiating with our banks and lenders on interest rates and loan terms. We do like to speak with our customers over the phone so we can assess individual requirements and assist our customers with the paperwork and any queries. Your consultant will be addressing the individual requirements of your loan application and giving you and your application the personal attention that your finances deserve. For businesses that means assessing your business requirements and tailoring a cost-effective financial solution to suit. For our consumer finance customers it means understanding your household and lifestyle objectives and sourcing a cheap loan option that will work with your budget and still achieve your aspirations. ## **Borderless and Contactless and Time-Saving** Our nationwide service ensures that wherever you are located in Australia you will have access to cheap business finance options through Jade Finance. We’re borderless! We operate contactless so all loan applications, quotes, estimates, finance approvals and settlement can be completed over the phone and by email. So whatever the purpose of your business finance or consumer loan, Jade Finance provides you with tools and resources to do a lot of the planning on your own and backs that up with a highly individual lender service. **To arrange consumer or business finance speak with one of our Jade Finance consultants. Call 1300 000 008** *DISCLAIMER: THE DETAILS AND INFORMATION PROVIDED IN THIS ARTICLE ARE NOT INTENDED AS THE SOLE SOURCE OR AS ADVICE IN REGARD TO FINANCIAL INFORMATION BUT FOR GENERAL PURPOSES ONLY. PERSONS REQUIRING ADVICE ON THEIR FINANCIAL SITUATION ARE DIRECTED TO CONSULT WITH THEIR FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ERRORS OR MISINTERPRETATIONS IN THE INFORMATION AS PRESENTED. THE DATA AND DETAILS WHICH MAY HAVE BEEN SOURCED IN PART FROM THIRD PARTY SOURCES.* **Categories:** Information --- ### [February 2021 Lender Update](https://jade.finance/blog/february-2021-lender-update) **Published:** February 5, 2021 **Author:** Publisher **Content:** As the work year gets underway many businesses will be addressing the year ahead against operating in a COVID-safe environment and considering their asset and equipment investment requirements. With the summer holiday season over, individuals may be overviewing their personal finances with a view to a major purchase. If you have current loans or planning to apply, a number of changes and amendments are due to or have already come into effect around lending which we would like to bring to your attention. ## **COVID-19 Support Measures** During the peak of the coronavirus crisis, the Federal Government initiated a raft of measures to support individuals and businesses on multiple levels. In our position as a lender, one of the most significant was support given to the banking sector to provide payment pauses, [loan holidays and repayment deferrals](https://www.apra.gov.au/temporary-loan-repayment-deferrals-due-to-covid-19-0) to their customers. This was provided by way of regulatory changes. Deferrals were approved through 2020 for many SME and consumer loans. Recent media reports have reported statistics that indicate that a significant percentage of both businesses and individuals that requested loan deferrals under these measures have now returned to scheduled payment arrangements. The regulatory support provided to banks is ending and our lenders have advised of changes to their approach to new requests for repayment deferrals. Essentially the banks will not be offering new repayment deferrals but adopting a more sustainable solution approach to such requests. For customers with existing deferral arrangements in place, we have been advised that some banks will continue those arrangements through to the end of March 2021. With the[ JobKeeper program due to end at the end of March](https://www.abc.net.au/news/2021-01-04/jobkeeper-subsidy-drops-final-phase-before-gone-in-march/13023486), both businesses and employees who have been benefiting from this scheme may be advised to review their financial situation looking beyond that timeframe. If financial hardship is anticipated as a result of the rollback of JobKeeper or for any other reason, customers should contact their lender to discuss the options available to them. One of our key banks has advised us directly of their intention to establish workable solutions for SMEs and consumers to replace the deferral option. We would expect others to follow and implement similar approaches. Some banks have established online resources to assist customers with these matters and/or phone numbers are shown on their website to contact the lender by phone. If a borrower is facing [financial hardship](https://moneysmart.gov.au/managing-debt/financial-hardship), it is always advisable to contact the lender as such a scenario emerges rather than do nothing and default on loans. If you fail to meet designated repayment schedules on either business or personal loans, you risk defaulting on the loan and the goods being repossessed by the lender. In addition, this can impact your [credit history](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) well into the future and jeopardise future loan applications. ## **Changes to Consumer Credit Laws** As part of the [Federal budget announcements](https://budget.gov.au/index.htm) in September-October 2020, the government flagged its intention to change laws around the issuing of consumer credit. Primarily these changes, which were welcomed by the banking sector, are designed to ease the flow of credit to stimulate the economy and make loans faster to achieve. The changes were due to come into effect from 1 April and we are staying across developments and will post news as this issue progresses. ## **Lender Update** The big news as we get into 2021 is that interest rates on consumer loans and [business finance](https://jade.finance/business-loans/best-business-loan-interest-rates) look set to remain at low levels for some time. The effect of the vaccine roll-out has seen some volatility on US markets and any delays or issues around vaccinations globally, may effect economies. Jade Finance is accredited with multiple banks, finance companies and non-bank lenders which places us in a strong position to continue to secure cheap interest rate loans and finance for our customers. Our lenders include all of the Big 4 banks – [CBA](https://www.commbank.com.au/), Westpac, [NAB](https://www.nab.com.au/) and ANZ – as well as finance companies such as Pepper Money, Latitude Finance, GE Money, RACQ and specialist non-bank lenders such as Morris Finance, Selfco Leasing and many others. To see how full lender panel, please check them out on our web pages. When applying for either business finance or a consumer loan, you don’t have to be an existing customer of a particular bank in order to be eligible to apply for a loan with that bank. Conversely, if you have your transaction account or credit cards with a certain bank, you can still apply to another bank for finance. Jade of course handles that on your behalf, covering off on our extensive lending panel when sourcing loans for our customers. ## **Business Opportunities** Both state and territory governments and the federal government have schemes and programs in place for businesses. These take different formats – grants, tax and cost waivers, relief, etc – and are best investigated through the relevant department websites. **To discuss your business or personal loan requirements, contact Jade Finance Call 1300 000 008** *DISCLAIMER:THE DATA, POLICIES, INFORMATION, CONTENT AND REFERENCES AS PRESENTED IN THIS ARTICLE IS FOR GENERAL PURPOSES ONLY, IS SOURCED FROM RELIABLE SOURCES BUT NO LIABILITY IS ACCEPTED SHOULD THERE BE ERRORS OR MISREPRESENTATIONS OF DETAILS IN THE CONTENT. THIS INFORMATION IS NOT INTENDED AS THE SOLE PURPOSE OF MAKING FINANCIAL DECISIONS. READERS SHOULD REFER TO A FINANCIAL ADVISOR OR ACCOUNTANT IN THE EVENT THAT THEY REQUIRE PROFESSIONAL GUIDANCE AND CONSULTATION ON THEIR INDIVIDUAL FINANCIAL POSITION.* **Categories:** Information --- ### [Consumer Credit Law Changes: Update](https://jade.finance/blog/consumer-credit-law-changes-update) **Published:** March 12, 2021 **Author:** Publisher **Content:** In late 2020 we covered the proposed changes to the consumer credit laws in great detail and as the Bill is now before the Senate, we revisit the issue to provide an update on the issue. As background, in assessing applications for credit by individuals and many small businesses, banks and other lenders must comply with the framework as set out in the [National Consumer Credit Protection Act 2009](https://www.legislation.gov.au/Details/C2017C00196). As a licensed credit provider, [Jade Finance](https://jade.finance/) must adhere to this law when we receive applications for consumer credit. Within the scope of our loan portfolio, consumer credit is loans to individuals for cars, boats, motorbikes and caravans. Some small business loan applications are also included in the Act. As recap, in September 2020, a range of changes to the consumer credit laws were proposed by the Federal Government. This was done at a time when the Government was considering a range of economic stimulus measures in response to the economic impacts of the coronavirus. The changes proposed are aimed at easing the flow of credit to small businesses and individuals by lessening the time and some complexity associated with the application assessment and approval process. But continuing the protections in place for vulnerable persons. In proposing these changes, the Government saw the existing framework as being too complex, time-consuming and for some loan categories such as home loans, involving increased costs. Some of the stages of the application assessment and approval were also duplicated. One of the key issues relates to the way that lenders are required to assess the current spending of the applicant. Especially what is known as ‘discretionary spending’. This is what a person might spend their money on after they have met their necessary and essential living expenses. The original plan was to have these changes launched by 1 April 2021. So what’s happened, what’s happening and how might these changes affect your loan application? ## **Enacting Legislative Change** The changes to the Act as proposed, would move the burden of assessing and proving that the loan applicant could meet the obligations of the new loan from the bank or lender and to the person applying for the loan. In simple terms, the person applying for the loan would have the responsibility to prove they could cover the loan commitments. In Federal Parliament, the process to change a law can be quite an involved and lengthy process. First the Bill gets presented to Parliament and in many instances, such as this with this one, a consultative procedure via a Senate Committee is undertaken. This entails calling for submissions from stakeholders and other interested parties. The hearings and considerations by the Senate Committee have been completed and on 12 March the relevant Senate committee handed down the report on the Bill. The recommendation being that the Bill be passed with no considerable change. The [Australian Banking Association](https://www.ausbanking.org.au/) was one significant body that made a submission. They noted that current discretionary spending habits of applicants could be changed when taking on new loan commitments. They notes that while the changes would entail reduced time and paperwork, the lenders would still undertake close scrutiny of loan applications. As the Labor and Greens members of the committee dissented, it will be interesting to see how the Bill goes when presented for a vote in the Senate. The Federal Government does not have sufficient seats in the Senate in its own right to hold the balance of power and recently had their IR Bill diluted when it was considered for vote by the Senate. While there are many issues currently in the media, there will likely be coverage of how this particular piece of legislation is debated, with a vote due in the near future if the 1 April implementation is to be met. ## **Significance to Your Loan Application** So where does all this put you if you’re applying for a personal [loan for a car](https://jade.finance/car-loans), motorcycle, boat or caravan? If passed, could there be changes to how Jade Finance handles your application? If you have an existing loan with Jade Finance, your current arrangements will not be impacted. Your Secured Loan will have been arranged with fixed elements and they will remain for the loan term as long as you meet your repayment commitments and other loan conditions. If you currently have a car, bike, caravan or [boat loan](https://jade.finance/boat-loans) being assessed and processed by Jade Finance, any changes made to consumer laws and hence how we assess applications, will not impact current applications. If you apply for a loan after the proposed changes are brought into law, at this stage after 1 April and if passed by both houses of parliament, you may see some changes to the way your loan application of processed. These may include reduced time and less effort on your part. Though Jade Finance always offers fast approvals and prompt and streamlined loan approvals within the framework we must adhere to. In relation to the discretionary spending issue, the proposed changes may mean that lenders would focus more on the debt level of applicants rather than current/past spending behaviours. Reducing any other debts you may currently have, including credit cards, may improve your prospects of your application being approved. By selecting Jade Finance to handle your loan, you will always have a consultant to handle the paperwork and assist you with every stage of the application while sourcing you the cheapest loan offer. As this Bill proceeds through the final legislative stages, we will be staying across the progress and providing updated information in our articles when appropriate. In the meantime, our lender services continue ‘business as usual’. So if you’re interested in a loan at the cheapest interest rates, give us a call! **For a quote on a consumer loan for a car, boat, caravan or motorbike, contact Jade Finance Call 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Budget Lead-up: what can you expect?](https://jade.finance/blog/budget-lead-up-what-can-you-expect) **Published:** April 16, 2021 **Author:** Publisher **Content:** The Federal Budget comes around each year in May, with the exception of 2020 when it was pushed back to October due to the coronavirus pandemic. For both businesses and individuals, it can be an interesting, hopeful or anticipative event – what’s in it for me? After the massive COVID-19 stimulus measures introduced by the Government through 2020 and the current position of the economy, 2021/22 Federal Budget is attracted a lot of interest on a number of fronts. Chiefly in economic circles, will this conservative Government, known for avoiding budget deficits and being ‘back in the black’ take to repairing the massive deficit racked up through the stimulus spending spree? This is of importance as it could mean spending cuts. The Treasurer, Josh Frydenberg, allayed any fears of that scenario in pre-budget comments, clearly stating this would not be an austerity budget. Indicating the approach would be a ‘repair the economy to repair the budget’. Effectively embracing the current deficit situation as some commentators have described it. So what could be in the upcoming budget for your business or your household budget? The complete budget will be delivered in a speech by the Treasurer in Parliament on the evening of Tuesday 11 May. However, it is traditional for key measures to be unveiled in the lead-up. As lenders across many markets, at [Jade Finance](https://jade.finance) we need to keep a close eye on multiple economic indicators for potential effects on lending interest rates and the lending market in general. At the moment, the RBA has held rates on hold, waiting for inflation to rising and unemployment to fall before considering an increase of the official cash rate. Both of which can be impacted significantly by measures introduced in a Federal Budget. On Thursday 29 April, the Treasurer delivered his official pre-budget speech to a business group and we’ve reviewed the content to bring you this update on the lead-up. [View the Budget Speech 2020/21](https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/speeches/budget-speech-2020-21) here. ## **Treasurer Pre-Budget Official Speech: Summary** The pre-budget speech by the Treasurer was more focused on the big picture and laying out the Government’s fiscal strategy for its next phase in the plan for economic recovery in the wake of the impacts of the pandemic. There were no specific measures or detail included so that will have to wait. What was clearly communicated was the approach would be on jobs and on continuing the approach taken in the economic response to COVID-19 being with targeted and temporary measures and using the ‘existing delivery mechanisms’. He said that getting Australians back into work and businesses back into business would require continued support. He said the despite the success of the stimulus measures cushioning Australia from the COVID-19 impact, the crisis would have long-lasting effects on the economy. In outlining the budget strategy, the Treasurer said the Government would be continuing to provide proportionate, temporary and targeted support. He said that leveraging jobs and investment in the private sector through taxation measures. ### As a suggestion or indication as to what could be in the Budget, the speech included specifics around: - Locking in secured, reliable, affordable energy, cutting green and the red tape to drive down business costs. - Investment in next-gen energy technologies for lower costs increased jobs and lower emissions. - Transport infrastructure spends, $10b, brought forward to create jobs. - Investing in the workforce through training, skills and education systems. - IR reform. There is a lot more of course explanation of the fiscal strategy and approach in the Treasurer’s speech which you can read in full at but the specific detail of individual measures and ‘what’s in it for me’ content is yet to be revealed. ## **Business Considerations** Due to the delayed 2020/21 budget not being announced until October 2020, many of the measures introduced 6 months ago are still available to businesses, subject to criteria. These include the Instant Asset Write-off, temporary full expensing and Loss Carry Back which were extended through 2021/22 for eligible businesses and purchase of eligible assets. These can represent significant tax deductions on purchases of business assets such as cars, vehicles, trucks and equipment. For these purposes, [Car Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) is the most suitable form of finance to realised benefits from accelerated asset depreciation. If you want to get the tax deduction in this financial year, you will need to get moving on that purchase and speaking with us refinance – not long to 30 June! ## **Individual Considerations** For individual taxpayers, changes to the personal income tax schedule were brought forward in the 2020/21 budget which delivered a tax cut to many workers. In addition, it has been announced that the low to middle-income tax offset will be continued for another year. So individuals in that bracket may get a handy tax return. ## **Further Detail to Come** As with many others, Jade Finance will be keenly watching and waiting for more detail on the 2021/22 Federal Budget and will provide further updates. **To discuss lending requirements contact us today on 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [How is your business emerging from lockdown? Get assistance with business loans](https://jade.finance/blog/how-is-your-business-emerging-from-lockdown-get-assistance-with-business-loans) **Published:** July 6, 2021 **Author:** Publisher **Content:** After a situation not seen since mid-2020 with several states in lockdown at the same time, the phrase ‘emerging from lockdown’ has entered the COVID conversation in daily reports. While the phrase, popular with the media and authorities, may give the connotation of a butterfly emerging beautifully and gracefully from a cocoon to flutter free, the reality can be far different. For many individuals, the situation is more like busting out after days or weeks under stay at home orders. But for businesses, while with a sigh of relief, the process of closing and re-opening, shutting down and re-starting and constantly re-setting operational parameters with little forewarning can be, and has been, extremely challenging. At a recent National Cabinet meeting, it was agreed that moving forward, lockdowns would only be used as a measure of last resort. Promising and encouraging talk but for those that are right now experiencing a less than graceful emergence, the priorities are for right now. According to both state and federal governments and the RBA, the general economic outlook for Australia is very positive. The RBA Governor Philip Lowe has stated that the RBA sees the economy moving from recovery to expansion. For businesses struggling to fill job vacancies and deal with rolling stoppages through lockdown, the situation may feel more like survival. [Jade Finance provides a range of financial solutions to assist businesses at different stages of set-up and growth to tackle the challenges faced by the current economic and global conditions](https://jade.finance). ## **Cash Flow Shortfalls** The start of a new financial year can come with extra expenses which the impost on business compounded by a lockdown. Even for those not forced to close, the stay at home orders may have caused a downturn in trade and a hit to the cash flow. To support businesses facing cash flow shortages, we provide funding options through Secured and Unsecured Business Loans as well as the very popular and versatile overdraft facility. We source overdrafts through our non-bank lenders. Lenders can be more flexible than some banks. So if your business has experienced issues with sourcing a bank overdraft in the past, this may present a very attractive solution. [Click here for more information](https://www.rba.gov.au/media-releases/2021/mr-21-13.html "RBA meeting notes"). ## **Specialist Small Business Funding** The SME sector can be the hardest hit under lockdowns and ‘emerging’ can be a costly process. Many hospitality operations in particular that either close or pivot to take-away only, report that re-opening is an extremely challenging operation. Staff need to be working on the re-opening process while the business is not trading. Money is going out but nothing is coming in. Another consideration is the widespread labour shortages which are impacting many sectors but particularly hospitality. Many employers will be keen to retain their existing staff and be looking at paying even part-time and casuals through lockdown to ensure they can be fully-staffed when they emerge. Funding is available to SMEs to facilitate a smooth emergence and business continuation through our lenders. The type of loans may include a non-bank lender [business overdraft](https://jade.finance/business-loans/business-overdraft) or a general business loan. Our consultants will discuss the options available for your business and source and structure an appropriate package. ## **Supporting Business with Vaccination Roll-out** With a clear uplift in interest in getting the COVID-19 vaccination jab, business groups have stepped up to offer premises to assist with the roll-out. Plans are underway for large organisations to vaccine staff on-site and some businesses are offering paid days off for staff to get their vaccination. Many of these plans hinge on the increase in supply which is expected from September. So businesses need to act now to ensure they are ready to play their part. Workplaces will likely require alterations to suit the process of administering the vaccines and may require the purchase of specialised equipment. How can Jade Finance assist? With finance and loans to cover the costs. If your business is considering setting-up an on-site vaccination hub for staff, there will no doubt be special requirements in establishing an appropriate facility. This may involve fit-out, furniture and other equipment and building expenditures. Organisations can consider a number of business loan options for these projects depending on their individual requirements. ### Where a special fit-out of the premises and acquisition of equipment is required, our range of equipment finance products is available:- - [Car Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) - [Car Leasing](https://jade.finance/car-loans/car-leasing) - Commercial Hire Purchase - Equipment Rental All our finance contracts are secured at our cheap fixed interest rate with finance terms negotiated to suit the business objectives. Where the requirements do not involve the acquisition of assets, Secured and [Unsecured Business Loans](https://jade.finance/business-loans/unsecured-business-loans) may best suit the business. These types of loans are available to cover a wide range of business purposes and we can secure funding over the short or long term. Where funding is required to cover staff incentive costs such as paid days off and/or additional staff to cover the cost of those staff, businesses can consider a Business Overdraft through one of our non-bank lenders to cover the extra costs. Overdrafts can be secured for short term cash shortfalls or as an ongoing line of credit. Whatever funding solutions your business needs to successfully emerge and prosper through this current challenging period, Jade Finance is ready to assist with workable solutions at our signature cheap interest rates. **Contact 1300 000 008 for a no obligation conversation about the solutions available for your specific business funding requirements.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Ready to reopen, recover and resurge? Business Finance Solutions](https://jade.finance/blog/ready-to-reopen-recover-and-resurge-business-finance-solutions) **Published:** November 9, 2021 **Author:** Publisher **Content:** With the national double dose vaccination rate reaching the important 70% target and several states already closing in on or exceeding the 80% double does rate, the pandemic focus has shifted to reopening the economy. Restrictions are being lifted, roadmaps to recovery have been launched and both businesses and individuals are navigating this, somewhat complex, new scenario. Much of the commentary and forecasts are expecting the economy to bounce back quickly and some saying to pre-COVID levels. In the RBA’s [October Monetary Policy Statemen](https://www.rba.gov.au/)t, RBA Governor Philip Lowe states that the setback caused by the Delta outbreak is expected to be temporary. However, he also notes that there is uncertainty around the timing and the pace of the bounce back and expects it will be slower than that experienced earlier in 2021. While many are talking-up the reopening and recovery prospects, the situation is not even across the economy as also noted by Dr Lowe. Some industries and businesses have been especially hard-hit while others have continued strong growth and performance. As business finance lenders, we are well aware that the recovery and resurgence journey will vary depending on the circumstances faced by individual businesses. While the Federal Government supported individuals during the so-called Delta outbreak and contributed along with some states for business support, that support was not as extensive as the 2020 pandemic support packages. The outcome likely to leave some business owners with a lot of catching up to do to get back on track. Jade Finance recognises that businesses will have a range of finance requirements in this recovery phase and offer low interest rate finance solutions to suit specific purposes. ## **Range of Business Finance Support Available** - One of the key shifts that many businesses have had to and continue to have to contend with as a result of this pandemic is the totemic shift in operations. Adapting and changing how they conduct business and how their run their operations to meet the new workplace restrictions and consumer buying habits. - Changing up procedures and processes can involve a significant investment in plant, vehicles and equipment. For that purpose we offer our asset acquisition finance products: Chattel Mortgage, Commercial Hire Purchase, Leasing and Rent to Own. - Global supply chain issues have been a challenge and obstacle for businesses for most of last year and through this year and in some sectors, that may continue for a while. For businesses that require funding to source alternatives or face delays in receiving stock, Secured and Unsecured Business Loans may be solutions. - Labour and skills shortages have been identified as a major issue in several sectors such as agriculture and hospitality. Businesses face challenges in taking full advantage of reopening and lifting of restrictions as they simply don’t have the staff. As plenty of businesses are quoted as reporting already – they have plenty of customers but not enough staff to serve them or create the products to supply them. This is a complex issue and solutions will vary. But if training and upskilling staff to fill the positions is required or changing up operations to deal with a smaller workforce is required, speak with one of our consultants about which of our business finance products is best suited to cover the costs of the process. - Cash flow shortages may also be a problem for some businesses, especially in the initial reopening phases. The actual costs of reopening a business which has been paused for some time can be significant and getting back up to full production may take time. Time during which wages, supplies and other expenses still need to be met. We have a range of non-bank lenders that provide [Overdrafts](https://jade.finance/business-loans/business-overdraft.php) which can be suited to this purpose. These lines of credit operate in a similar way to bank overdrafts but are financed through a non-bank lender. - Innovation and embracing digital has been identified by some as being critical in this so called ‘post-pandemic’ era. Businesses need to innovate to adapt but at what cost? Funding development and implementation of new systems and practices may need significant investment in a range of resources. A flexible, versatile finance solution can be structured to specifically suit the business and the objective. - Reopening can also be a time to rethink how you operate. The unpredictability around the COVID experience has left some reeling but the astute thinking. Thinking, how can I be better set-up and secure to weather any future similar situations? Possibly securing your payments from customers in a more-timely manner could be worth considering. Slow payers can mean a slow death for businesses, especially SMEs. Our Debtor Invoice Funding is structured to allow businesses to receive a percentage of the invoice value immediately at time of issuing the invoice. This can be a lifeline at the best of times but even more critical in this recovery phase. ## **Getting on the Front Foot** Being proactive rather than reactive can be key to having a more successful and productive resurgence in recovery. Rather than wait till issues arise to address them, be ready to mitigate risk with a reliable, versatile channel for [business finance](https://jade.finance). Schedule an in-depth discussion with one of our consultants to review and plan a ‘whole of business’ approach to your finance and loan requirements. Whether you are a long-established operation or just starting up a new business, our services are readily available to all sized businesses. To prepare to really resurge, speak with us to arrange the low interest rate finance you need for your business. **Contact Jade Finance 1300 000 008 to discuss your business finance requirements.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Is your business set to sustain holiday season? Business Finance Support](https://jade.finance/blog/is-your-business-set-to-sustain-holiday-season-business-finance-support) **Published:** November 23, 2021 **Author:** Publisher **Content:** 2021 has without doubt been a challenge and an extremely stressful time for individuals and especially business owners. So as the pandemic crisis eases across the country with a return to some semblance of normal, it may be tempting to give yourself and your business some ‘time out’ for personal recovery from the stress this holiday season. But before you yield to temptation, Jade Finance asks is your business set to sustain the holiday season and if not, we offer business finance at cheap interest rates to support business prepare for the boom ahead. There are a raft of data-driven and expert-forecast reasons to expect that 2022 will be a positive growth year for many industries, especially building and construction. Outlooks which may be taken as the sign required by businesses to get set and ready NOW to take on the opportunities ahead. Going into a period of expected growth with machinery and equipment that is not up to the task can seriously hamper efforts to win contracts and tenders, increase operating costs with annoying repairs and maintenance expenses and impact productivity and profitability. Taking advantage of the current finance environment and mindful of global impacts on machinery and equipment stock present a positive scenario for moving on equipment investments at this point in time. Investments which will enable your business to start 2022 ready to work and capture your slice of the expected growth in the economy. ## **Holiday Season Prelude to Forecast Boom** After several quarters of negative GDP figures as a result primarily of the extended lockdowns in NSW and Victoria, a far more positive period is expected ahead. The economic is showing real signs of recovery with the [RBA](https://www.rba.gov.au/) expecting it to bounce back strongly. Though the RBA Governor, Philip Lowe tempers optimism with mention of the unpredictable nature of the pandemic threat. A leading industry voice, the [ACIF](https://www.acif.com.au/), is forecasting a 2022 boom concurrently in both the housing and the infrastructure construction sectors. Consumer spending going into Christmas is up, reflecting the good balance sheet position of many households following extended times in lockdown. ## **Reasons to Re-equip Now!** So why should you buy the equipment and machinery right now? Why not wait a while and see how the situation in your business sector plays out in the first quarter 2022? We offer you some solid reasons why buying now could be a very good decision:- - Global supply chain issues have been hampering supplies of machinery and materials into the Australian market for some time and that is expected to continue. The computer chip shortage, pandemic and shipping costs and delays are combining to create a perfect negative storm in the supply chain of many different types of equipment and components. - A fourth wave of the pandemic has hit Europe and how that could play out in terms of materials, equipment and machinery stocks arriving in Australia is to be watched closely. If the equipment you are looking to buy is locally made, the supplier or manufacturer could require components from overseas. - Buying equipment and machinery from current dealer stock may offer the best chance to secure what you need to support your business into 2022. - Low lending interest rates continue in the Australian market. The RBA is standing fast on their prediction that a rate rise won’t occur until 2024 but some banks have already moved to increase their rates on home mortgages. Take advantage of these conditions and possible impending threats, as well as a possible wind-down in your area to focus on the needs of your business moving into 2022. ## **Equipment and Vehicle Finance** Businesses seeking to upgrade vehicles and equipment can easily review our [portfolio of finance products](https://jade.finance/business-loans/business-car-finance) and [compare interest rates](https://jade.finance/business-loans/best-business-loan-interest-rates) across the loan types, which do vary. The interest rates can vary for motor vehicles, trucks and machinery loans but we have provided details on each category to make estimating repayments quick and easy. With temporary full expensing still on the agenda through to 2023, Chattel Mortgage remains a very popular choice of finance. This is considered most suitable to accelerated asset depreciation measures and as an added incentive, this type of finance attracts the lowest interest rate in business asset finance. ## **General Business Finance Support** As government pandemic support for businesses is wound back, some operators may experience challenges with cash flow over the holiday season. This may be further impacted by costs and wage increases. To support business in these areas, cost-effective, low interest [Lender Overdrafts](https://jade.finance/business-loans/business-overdraft) and both Secured and Unsecured Business Loans are available. These types of finance are suited to tide businesses over through cash flow shortage periods and to acquire goods and services not covered by asset finance. Ensure your business is set-up to sustain the holiday season and well-prepared to capture the opportunities expected in 2022 with cost-effective finance support through Jade Finance. **Contact Jade Finance by phone 1300 000 008 to discuss cost-effective finance to support your business.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Options and Opportunities for Bad Credit Finance](https://jade.finance/blog/options-and-opportunities-for-bad-credit-finance) **Published:** December 7, 2021 **Author:** Publisher **Content:** There are many factors which can contribute to a business acquiring a bad credit rating or poor credit score. When this happens it can present serious obstacles and major challenges when the business requires finance and loans to acquire much-needed goods, supplies and equipment to remain operational. As specialists in business finance, Jade Finance provides information on the options and opportunities for [bad credit finance](https://jade.finance/business-loans/business-finance-bad-credit) for business. Many of the factors that lead to a bad credit situation involve issues which are outside of the control of the business owner while some may be a direct result of their own poor decision-making, errors in forward planning and market assessment or flawed financial management. Issues outside of the control of the business may be unexpected changes in market conditions which cause a downturn in turnover, global economic conditions, situations affecting their customers which flow-on to the business and other external impacts. Most recently the fall-out from the prolonged COVID pandemic has resulted in many businesses facing challenges. When turnover is impacted by restrictions such as lockdowns, businesses face challenges meeting their own commitments, regardless of support offered by government programs. ## **Bad Credit Lenders** When seeking bad credit finance, many business operators can feel they have no other option but to go it alone and apply to as many banks and finance companies as they can source. Unfortunately this can compound the situation as these multiple applications are reported to credit agencies and can result in a worsening of the credit score. Major banks especially and some other business lenders operate to strict guidelines which often mean that they simply do not offer bad credit loans. Applicants need access to specialist non-bank lenders that are open to discussions and negotiations with bad credit customers. As a specialist lender, Jade Finance can provide access to these types of lenders. We’re not talking exorbitant interest rate lenders of last resort and desperation. We’re talking non-bank lenders that take a considered view of the circumstances surrounding the bad credit rating and are prepared to make a loan offer according to individual situations. Our services are readily available to businesses of all types and sizes that are in a bad credit situation. Due to the individual nature of this type of loan category, it is not possible to generalise around specific outcomes. Each application is addressed on its own upsides and downsides. In general however, there are some guidelines and aspects to consider:- - A bad credit application is by definition a higher risk. As such a higher interest rate would be expected to be attached to any finance offer made. The [interest rates](https://jade.finance/business-loans/best-business-loan-interest-rates) advertised by ourselves and other lenders for loans are based on good credit profile applicants for new goods. - Lenders may not accept the full amount of the loan being requested. The applicant may need to lower the amount by paying some form of deposit or selecting lesser priced vehicles or equipment. - Due to the higher risk, a lender may request more security be put up against the loan. The goods being purchased would typically be used as security, but additional assets may be required also. ## **Loan Options** Bad credit finance is not an actual loan product but a category or description of the actual loan applicant. As such, when an application is approved, the business can usually select which particular type of loan they would like for that particular acquisition. The bad credit [loan types](https://jade.finance/equipment-loans) for equipment, vehicles, cars and other assets include:- - Chattel Mortgage - Lease - Rent to Buy - Commercial Hire Purchase We also offer a range of other commercial finance products for non-asset acquisitions which may also be available for bad credit loans:- - [Lender Overdraft](https://jade.finance/business-loans/business-overdraft) - Secured Business Loan - Insurance Premium Funding At the initial discussion, your Jade Finance consultant will outline the finance possibilities and options that may suit your particular situation. ## **Averting Bad Credit Situations** Having a bad or poor credit score or rating can mean long-term challenges for business operators. So averting the situation in the first place or correcting the situation can be a very astute approach. There are set procedures and processes for fixing a credit score which may be of use. These are detailed at [MoneySmart](https://moneysmart.gov.au/managing-debt/credit-repair). Engaging advisors and other professionals to assist in decision-making processes may be well-worth the cost if one’s own skills and abilities are not up to the task. While experts will charge for their services there are government resources such as through the states’ small business agencies and others that may offer free resources. Avoid making a lot of applications for the same loans as these get reported and score negatively on the credit report. Engaging a broker such as Jade Finance avoids this scenario as we can cover off on many lenders for loan quotes without these being reported. Whatever your circumstances, if you require business finance, reach out and have that conversation with us to see how we may be able to assist you. **Contact Jade Finance 1300 000 008 to discuss bad credit business finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Flood Victim Loan Support and Advice](https://jade.finance/blog/flood-victim-loan-support-and-advice) **Published:** March 7, 2022 **Author:** Publisher **Content:** As is the Australian way, many communities, agencies and government at all levels rallied swiftly to provide assistance and support to those impacted by the floods in NSW and Queensland. Amongst those quick to offer flood victim loan support was Australia’s banks through its Australian Banking Association. Many individuals and businesses have been severely impacted by these devastating floods and Jade Finance stands with others to offer flood victim support and advice for those with goods under finance. We have prepared this overview of what to do and who to approach if you have been affected by the floods and are not in a position to make loan repayments and are seeking flood victim loan support; if you have had goods or equipment destroyed in the conditions; and if you are seeking quick loan approvals for finance to swiftly replace goods which are a total write-off. ## **Loan and Finance Repayment Support** Australian banks have offered what it describes as a financial lifeline to flood victims with the [announcement](https://www.ausbanking.org.au/banks-offer-flood-victims-a-financial-lifeline/) of a range of options on the table for loan repayment support. While the Australian Banking Association represents banks, it may be expected that other lenders including finance companies and non-bank specialist lenders, would also be supporting their customers. So while the information provided here relates specifically to the Banking Association statement, those with loans from non-bank lenders requiring support are also urged to reach out to their lenders. The Banking Association issued a statement which includes a range of options which may be available to home mortgage holders, personal loans and some types of business finance. Ms Anna Bligh, the CEO of the Australian Banking Association said that deferrals of loans and other arrangements are offered to reduce repayment commitments in the short term. Ms Bligh encourages flood-affected loan holders to reach out to the bank to find out what support is available for their specific situations. The support will vary depending on the bank and individual circumstances, but may include:- - Waiver of fees and charges - Deferral of up to 3 months of loan repayments - Restructuring to achieve repayments which are more workable with fee waivers - Debt consolidation for more workable repayment schedule - Cash flow support and emergency finance arrangements including credit card limit increases If you have finance which was originally arranged through Jade Finance, then you need to reach out to the lender or to the bank that we arranged that loan through. They will be the ones to offer any support in regard to repayments. When considering the support offered, be mindful that deferring repayments does not mean they are waived or wiped. The monies will still need to be repaid, just at a later date. The 3 month deferral would extend the loan term by that timeframe. When similar support was offered to loan holders during the COVID-19 crisis, lenders advised that any request to defer loan repayments would not result in a negative impact on their credit rating. One would expect the same to apply during these circumstances but it is worth asking. Also ask if interest charges on the loan will be paused during the deferral to avoid additional interest. ## **Action for Goods Lost while Under Finance** If goods which are currently the subject of a loan or finance have been lost, destroyed or rendered inoperable due to flood, those affected need to contact their insurance company. When goods are acquired with finance, lenders require an insurance policy be obtained to cover the goods. When the goods are written-off, the insurer should be your first call and the lender should also be advised of what’s happened. The insurer will tell you what to do and will handle the claim. The insurer pays the lender what is owed to them under the policy and any additional monies should come to the policy holder. It is important to advise your lender so any missed repayments do not result in a default being recorded. ## **Loans to Replace Lost Goods** Those that need to immediately replace the goods that have been written-off in the floods do not have to wait until the finalisation of their insurance claim before contacting [Jade Finance](https://jade.finance) for a loan to purchase replacement goods. We provide fast approvals on finance across our loan portfolio to facilitate quick replacement of goods, especially motor vehicles and business equipment. We provide finance for a vast range of machinery, [plant and equipment](https://jade.finance/equipment-loans) including for retail outlets, hospitality and catering, agriculture, engineering, construction and excavation, computer and IT systems and many more. Please reach out and discuss what your need with one of our consultants. ## **Emergency Cash Support** Flood victims may be eligible for immediate cash payments via the Federal Government Disaster Response Payments. NSW and Queensland governments also have programs in place as do welfare and community organisations such as the Salvation Army and Red Cross. Community groups and organisations such as Givit are working to assist individuals and communities source the goods, clothing and other items they require. This information relates primarily to the initial emergency response. The Banking Association and others will be offering ongoing assistance when the recovery and rebuilding phase commences. **Contact Jade Finance 1300 000 008 for quick loan approvals to replace goods lost in the floods** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Credit Score to the Fore with Interest Rate Rises for Sure](https://jade.finance/blog/credit-score-to-the-fore-with-interest-rate-rises-for-sure) **Published:** May 2, 2022 **Author:** Publisher **Content:** Interest rates rises are set to occur for the first time in more than 12 years. The last time the RBA actually lifted the official cash rate was back in 2010. The RBA cut the cash rate as a stimulus measure in 2020 to the current level of 0.1% where it has been left since November 2020. A rise in the cash rate by the [RBA](https://www.rba.gov.au/) will flow through the lending markets and lead to interest rate rises across many personal loan and business finance sectors. Achieving the cheapest interest rate is key to securing the cheapest loan. When rates are at record lows, a small incremental difference in the loan rate offered may be inconsequential to some people. But as interest rates rise, every small gain in a lower rate is sure to be valued highly. When assessing loan applications lenders review credit scores and with interest rate rises due the significance of maintaining a good credit score increases. Credit scores and ratings represent essentially risk. Lenders see good or high credit scores as having a lower risk than those with low credit scores. The risk being the assurance of the loan commitments being met. With credit scores to the fore, those planning to apply for loans and finance as interest rates rise, may improve their prospects of being offered the lowest interest rate by appreciating what goes into calculating credit scores and addressing the recommended actions to improve or maintain a good credit rating. ## **Understanding Credit Rating and Profile** Credit rating, credit score – essentially they mean the same and are included in a credit profile or report. A credit report of profile is not something that people need to set up themselves. It is created through reports or entries made by companies that provide credit. These can include service providers such as telcos, power companies and others as well as banks and finance companies. When someone applies for a loan, defaults on payments and other payment activities are reported and recorded. The actual score is then calculated and reveals a number between zero being bad credit and maximum of 1,000/1,200 at the good or best end. Individuals and businesses can have credit scores and profiles which are assessed by lenders when a loan application is made. For sole traders, lenders may assess both. Guarantors of loans for say children buying their first car or motorbike, may also have their rating reviewed. Companies report credit activity to the Credit Reporting Agencies who compile and store the data. The data is accessed and reviewed by lenders and other credit providers as required. The major companies in this space are:- Experian, Ilian and Equifax. Individuals can access a copy of their credit report in a number of ways. Refer to [Moneysmart](https://moneysmart.gov.au/) to read more about credit scores and advice on securing a free copy of your report. One very currently applicable tip when checking the entries on a credit profile is to ensure all the entries do relate to you. If you see activity that you know was not you, it may indicate your identity has been compromised and someone else is using your identity to fraudulently apply for loans. Contact authorities immediately if this is the case. ## **Impacts on a Credit Rating** Recent reports reveal a change in credit card use in recent months. A change which may impact an individual’s credit score or rating. During the height of the pandemic, with many months spent in lockdown with less spending options, many individuals used available funds to pay down credit card balances. Many paid off and cancelled cards completely. But with the economy opening up and life and spending opportunities returning to more normal levels that approach to credit card usage appears to have changed. Media reports a rise in the use of credit cards recently. Credit cards do have an effect on a credit rating. The more cards and the higher the balances can reflect poorly on credit scores. Consistently making late payments for bills such as mobile phones, streaming services, power, rent, loans and other services can be reported and negatively impact the score. Note that requesting payment deferrals during the pandemic as offered by the banks and other lenders was stated as not negatively impacting credit profiles. Another item which will likely surprise many is that making numerous applications for the same loan can impact the credit rating negatively. Yes. You think you’re doing the right thing by getting a number of loan offers and quotes to ensure you have covered the market and got the cheapest, not realising the negative effect this process can have. This can be avoided by using a broker such as [Jade Finance](https://jade.finance) to source your loan quotes and arrange your finance. Offers obtained using our services do not reflect negatively on credit scores. ## **Significance of Credit Score to Loan Interest Rates** Now to the crux of the issue – how the credit score affects the interest rate you may be offered for a loan or finance. As mentioned above, lenders access the data in credit profiles with the approval of the loan applicant. This information allows the lender to form a view as to the credit worthiness of the individual or business. This view forms their assessment of the interest rate to be offered. A low or bad credit score typically attracts a higher interest rate than a good credit rating. You’ll notice on advertisements for[ interest rates](https://jade.finance/car-loans/car-loan-interest-rates), a point is usually included stating that is the rate offered for new goods and to applicants with good credit. So in order to be offered the cheapest interest rate loan, keep your credit score in the good band range. If you’re wondering what the difference in repayments is for lower or higher interest rate loans, simply use one of our loan calculators. By varying the interest rate by even a fraction of a percentage point, you’ll immediately see how that can change how much is due in loan repayments each month. ## **Actions which can be Taken** After all that information, some positive info in that there are actions that both individuals and business can take themselves to improve or maintain a good credit score. - Fix any errors in the credit report as per the process outlined at Moneysmart. - Keep balance sheet in positive territory by reducing liabilities. - Pay down existing loans where possible prior to applying for new loans. That would reduce the liabilities and increase the assets as you would own the goods. - Reduce credit card balances. - Pay your bills on time – set up direct debits if you are the forgetful type. - Don’t apply to multiple lenders for the same loan – use a broker – use Jade Finance. The RBA is tipped to call the first cash rate rise in May or June. But more increases will likely follow. So an increasing interest rate scenario is setting in. While Jade Finance consultants always seek to achieve the cheapest interest rate loans, there are responsibilities on the part of the loan applicant to address their credit score. **Contact Jade Finance 1300 000 008 to source quotes for personal loans and business finance** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [What the RBA June Interest Rate Increase Means for Cheap Loans and Finance](https://jade.finance/blog/what-the-rba-june-interest-rate-increase-means-for-cheap-loans-and-finance) **Published:** June 13, 2022 **Author:** Publisher **Content:** At its May meeting, the RBA Board alluded to further rate rises and at its Tuesday June 7 meeting that became a reality. The RBA lifted the official cash rate by 0.5% to 0.85%. The decision was significant due to the size of the increase as a rise of 0.25% or possibly 0.4% had been widely discussed in economic and financial circles. The June RBA rate rise has implications across lending markets and those seeking finance will be considering their options to secure cheap loans and finance. The decision by the RBA is of course in response to surging inflation in the Australian economy. Inflation is at a level that even the RBA had not expected when it issued its May Monetary Statement. With two months in a row of rate rises and more ahead, it is clear that the historic record low interest rates are consigned, for now, to history. But there are still options for those seeking motor vehicle finance, boat and motorcycle loans, caravan finance, trucks loans, equipment finance and general business finance to secure cheaper interest rates through utilising astute loan sourcing practices. We first update on the RBA Board’s June meeting statement and then provide valuable information for the effect these rate rises have on existing loans and for those seeking to secure loans and finance moving forward. ## **June Statement by RBA Governor, Philip Lowe** The statement announcing the RBA Board meeting outcomes is issued by RBA Governor Lowe and is published on the RBA website. A complete transcript of the meeting minutes is issued at a later time. The RBA dropped the cash rate as part of the 2020 stimulus measures and with those measures no longer required, is embarking on a process of normalising rates back to pre-pandemic levels. The [key points for June](https://www.rba.gov.au/media-releases/2022/mr-22-14.html) include:- - Cash rate rise of 0.5% taking the rate from 0.35% to 0.85% - Inflation in Australia is below the levels being experienced in a number of other advanced economies but above previous expectations. - Inflation driven by global events and factors including Ukraine situation, pandemic issues prevailing in key manufacturing and exporting countries such as China and disruptions in chains of supply for many goods and commodities. - Domestic matters fuelling the surge in inflation include issues around shortages with labour market and inability that creates for businesses to operate to capacity and the floods in eastern Australia putting pressures on food pricing. - Inflation is 5.1% currently and expected to rise prior to decreasing in 2023 to closer to the RBA’s target range of 2-3%. - Fuel prices and energy prices as well as commodity prices given as reasons for unexpected high rates of inflation and future rises. - Inflation should settle as supply chain matters start to ease globally. - Growth figures for March quarter 0.8% and 3.3% for the year show resilience in domestic economy. - Construction work in the pipeline is at high levels. - Business investments showing increase. - Lowest unemployment in 50 years at 3.9% indicative of strong but tight market for labour. High level of job advertisements. - Uncertainty around global issues especially China as a major trading partner and as to how spending by households will react to inflationary and price pressures on budgets. - Effect of the Ukraine war on energy and commodity prices a source of uncertainty. The Board has indicated that additional rises will be required in the months ahead. The next Board meeting is Tuesday 5 July. ## **Significance for Consumer Loans and Business Finance** As we have covered in a number of explainers, the official cash rate is essentially the starting point from which the lending sector sets its rates. Interest rates vary across the different lending markets and for [consumer loans](https://jade.finance/car-loans/car-loan-interest-rates) compared with business finance. Increases and decreases in the cash rate by the RBA will be reflected in changes to lending rates by banks and non-bank lenders. Points to note:- - Existing loans which are at fixed rates should remain unchanged when rates change. - There is no change to the types of loans and finance or to the features of [loan products.](https://jade.finance/equipment-loans) - Workable and affordable consumer loans and business finance are still achievable and those seeking finance can benefit from utilising the services of Jade Finance in sourcing the cheapest interest rate loans that meet individual requirements. - Better interest rates are still available as lending markets can be competitive and our consultants provide access to specialist lenders as well as key expertise to negotiate on rates. - Increased rates mean loans cost more so lenders may be more critical when it comes to approvals – using a broker such as Jade Finance can assist by handling the challenging negotiations and discussions. - Keep [credit profiles](https://moneysmart.gov.au/managing-debt/credit-scores-and-credit-reports) in good rating as the cheapest rates advertised are for applicants with good credit scores. - Businesses can consider the tax benefits available through measures such as IAWO and temporary full expensing and Loss Carry Back to reduce the effective cost of finance. Our Jade Finance consultants can assist by negotiating with lenders to achieve preferred loan terms and conditions to achieve more affordable repayments and better interest rates. **Contact Jade Finance 1300 000 008 to discuss how we may assist you to achieve cheaper interest rate finance following the RBA rate rise decision** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [30 June Tax Deadline: Quick Motor Vehicle, Truck and Equipment Finance Approvals Available](https://jade.finance/blog/30-june-tax-deadline-quick-motor-vehicle-truck-and-equipment-finance-approvals-available) **Published:** June 20, 2022 **Author:** Publisher **Content:** Depending on your industry sector, there’s been a lot happening across the Australian economic and business landscape. From recovery from the COVID limitations and lockdowns, to coping with the east coast floods, to navigating the challenges of the supply chain of goods and materials, to balancing budgets with surging costs, to coming to terms with how a change of Federal Government may impact your business prospects. But it is now time to refocus very quickly and move on pre-EOFY acquisitions and apply for equipment finance, truck loans or motor vehicle finance. The 30 June deadline looms and in this financial year, that means lucrative tax deductions are available for eligible business on eligible asset purchases. But to claim the tax deductions in 21/22, the assets must be operational in the business prior to the 30 June deadline. While stressing the urgency of the timeframe, we offer relief in that our Jade Finance consultants can move instantly to secure finance quotes and approvals for businesses quickly and at better interest rates. The need to move quickly does not mean a higher rate would apply for the finance. But in order to realise the tax benefits available on certain acquisitions, the choice [motor vehicle](https://jade.finance/business-loans/business-car-finance), truck or equipment finance product can be a critical decision. So the decision around which loan type to select needs to be considered in the context of the business operation and advisably, in consultation with the accountant or financial advisor. The pressure is on to move on these acquisitions if the benefits of temporary full expensing and Instant Asset Write-off are to be realised in the 21/22 financial year. Another reason to move rather than delay until next financial year is the strong probability of further rate rises. It is quite likely that the when the [RBA](https://www.rba.gov.au/) Board meets on Tuesday 5 July it will make another upward change to the cash rate. An increase which will be seen in increases in the rates offered by our banks and non-bank lenders. That higher interest rate can result in higher monthly repayments and eke away at the tax and other benefits realised through the purchase. ## **Tax Benefits Available on Asset Acquisition Finance** Business finance incorporates tax deductions in one form or another. These vary across the different loan types with variations in which items are deductible and when a deduction is made. Specifics around the business and the asset may also impact deductibility. They are issues which need to be addressed by the accountant or by referring to [ATO](https://www.ato.gov.au/) guidelines. For the purchase of motor vehicles, trucks and equipment, we offer a complete portfolio of loans:- [Chattel Mortgage](https://jade.finance/business-loans/chattel-car-mortgage), Commercial Hire Purchase and Leasing for business vehicles, trucks and equipment as well as Rent to Own for truck and equipment purchases. Which loan type is suited to a particular business will be based on the method of accounting which the business uses; the approach the business takes to their balance sheet with posting the value of assets and liabilities; and the general objectives for the business to be reached through asset investments. In regard to the finance side of the acquisition, the objectives will typically include maximising taxation benefits, improving productivity, meeting cash flow and budget targets and increasing profitability. Objectives which can be targeted through cheaper interest rate finance. In this current financial year, the benefits available through temporary full expensing and IAWO can be realised on eligible asset purchases by eligible businesses. Refer to ATO guidelines on criteria. By using Chattel Mortgage to finance the acquisition, eligible businesses can deduct the full price of the goods in the 21/22 financial year. Under normal tax rulings, the purchase price would be depreciated according to the tax schedules, over several years in smaller amounts. These temporary measures may represent a huge benefit to many businesses by reducing their income which is subject to tax and as such, receiving a lower tax obligation for the year. In addition, the opportunity presents to consider Loss Carry Back. This can deliver a tax refund to the business. Where Chattel Mortgage is not considered as suited to the business set-up, the other finance products offer significant tax deductions also, but over a longer time period. With Leasing and Rent to Own, the monthly lease payments are treated as a fully deductible business expense. Interest payable on all finance products is also fully deductible. ## **Moving Quickly** With the finance product selected and the assets sourced, it is time to arrange the finance. As a broker-style set-up, we are structured to respond immediately to customer requests with quick quotes and fast approvals. Our system is streamlined to save customers time and hassle in securing cheaper interest rate finance. So to avoid missing out on tax benefits this financial year and to avoid a possible July rate hike, apply over the phone or online today. Pre-approved finance is available if you are yet to source the vehicles, trucks or equipment you require. **Contact Jade Finance 1300 000 008 for quick action on pre-tax business asset finance.** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [How to get a loan at a cheaper interest rate](https://jade.finance/blog/how-to-get-a-loan-at-a-cheaper-interest-rate) **Published:** July 4, 2022 **Author:** Publisher **Content:** Most people that look to buy a new car, boat, motorcycle or caravan will also be in the market for a loan. Delve deeper and most will also be wanting the cheapest loan that is, at the cheapest interest rate. While there is a plethora of sources and information on where to get a loan, there is less revealed about how to get a loan at a cheaper interest rate. Cheap loans are advertised but questions can arise around whether they apply to all-comers, is it a ‘too-good-to-be-true’ offer and are there any catches. Those that don’t fit the criteria as set for these cheap loans may want to know how they can be eligible. Knowing how to get a loan at a cheaper interest rate involves being across the market, the application process and what steps can be done to improve the chances**.** That may all sound like a lot of work but it doesn’t have to be. We’re setting out the basics to provide an overview and empower those seeking loans to work towards their goal of a cheaper interest rate. ## **How Interest Rates are Set** The [Reserve Bank of Australia](https://www.rba.gov.au/) (RBA) is the body that is responsible for setting what is known as the cash rate as part of setting monetary policy for Australia. Each country has a central bank which sets this ‘base’ for interest rates to control economic conditions. The cash rate that you may hear mentioned when RBA decisions are reported is not however the rate on consumer loans. The cash rate is technically the interest charged on overnight borrowings for banks. It forms the basis for banks and other lenders to set the interest rates that they will charge on the different loans that they offer. They need to allow for their own expenses as a business and account for their risk assessment of different lending markets. When the RBA increases the cash rate as it has done recently, lenders then respond by increasing their interest rates. The actual amount of lender rate increases may be larger or the same but rarely less than RBA rate hikes. ## **Lender and Market Differences** Differences can exist across different lending markets. For example, the interest rate on a new car loan may be different from the rate for a boat offered by the same lender. Lenders will make their own risk assessments of different markets when setting rates. Rates also vary, sometimes considerably, between different banks, finance companies and for loans which are offered by dealers and through manufacturers. Each lender will have its own individual guidelines. This is demonstrated in our [Interest Rate Comparison Table](https://jade.finance/car-loans/car-loan-interest-rates) for personal car loans. So that is the first major point to note when seeking how to get a loan at a cheaper interest rate. You need to find the lender that is offering the cheapest rates in the market for the goods you are purchasing. Sounds like a lot of work and yes it can be if you decide to do it yourself. Quick estimates can be acquired through online portals such as our loan calculators. But these are generic calculators that do not take into account individual loan application details. To get specific quotes based on your individual application, would require making application to many lenders. Once those multiple quotes are received, the process of analysing each one to identify which is actually the cheapest in overall terms begins. It should be noted at this point that this process can have a negative side-effect. Lenders will report loan applications to the Credit Reporting Agencies for inclusion on a Credit Profile. Many applications for the same loan can be seen as a negative and damage the prospects. The easy way to cover off on finding the cheapest interest rate from the many lenders in the market without risking damage to the credit report is to use our broker-style lender services. More on that to come. ## **Loan Application and Assessment Process** The area of consumer finance is regulated through [ASIC](https://asic.gov.au/). Licensed Credit Providers, including ourselves, must abide by the regulations as set by ASIC and follow Responsible Lender Guidelines. As a result of this regulation, there will be a level of uniformity in what is required to complete and submit a loan application form. This will include details of the financial position, employment, residential and personal information. Lenders will then assess the details in each application and the credit profile of the applicant. The assessment is based on the risk factor. The creditworthiness of the individual in regard to repaying the loan. The better the risk assessment, the cheaper the interest rate, in general terms. Maintaining a good credit score is critical to the process as is having a good balance sheet – owning more than owing. So paying off the balance on credit cards and other loans may contribute to a better assessment and, yes, cheaper interest rate. ## **Utilising our Services** As touched on above, using our services can be of significant benefit to individuals seeking cheaper interest rate loans. We operate like a [finance broker](https://jade.finance/approval) and our services are available to individuals and businesses. We are accredited with over 40 lenders which means we can source loans from those banks and non-bank lenders on behalf of our customers. When customers contact us for a loan, we source the cheapest interest rate offer from across this wide choice. Our consultants handle the loan application approval process, analyse and explain the loan offers and assist when the approval is granted and settlement is required with the seller. Our services save individuals time and the risk to the credit score of making multiple applications for comparison purposes. So if you’re wondering how to get a loan with a cheaper interest rate, the answer is could be as easy as contacting Jade Finance. **Contact Jade Finance 1300 000 008 for how to get a loan with a cheaper interest rate** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [More Indications of Interest Rate Rise with June Unemployment Figures](https://jade.finance/blog/more-indications-of-interest-rate-rise-with-june-unemployment-figures) **Published:** July 18, 2022 **Author:** Publisher **Content:** Low unemployment figures are the dreams of governments across the world. Monthly falls are often proudly announced by a Treasurer as indicative of the good performance of government policy. But in the current Australian economic conditions, a significant fall in unemployment brings with it further indications of a higher interest rate rise. The ABS (Australian Bureau of Statistics) announced the [June 2022 unemployment statistics](https://www.abs.gov.au/media-centre/media-releases/unemployment-rate-falls-35) on July 14. The figures recorded a sharp and somewhat unexpected drop from 3.9% in May to a 50-year low of 3.5%. This is quite surprising as the rate had dropped only marginally, around 0.1% earlier in the year and had been steady at 3.9% for around the past 2 months. A further 0.1% was expected by finance analysts so the 0.4% drop is a surprise development. The dramatic fall in unemployment for June lifts the prospect of a larger interest rate rise in August and creates issues for businesses to fill job vacancies. Both outcomes of concern to businesses and for individuals planning major purchases with finance. The [RBA](https://www.rba.gov.au/) has already strongly indicated it will further lift the cash rate at its August meeting. But these surprising unemployment figures may mean that rise is much higher than anticipated. Unemployment rates along with inflation are the two major statistics which determine RBA decisions on the cash rate. An issue which has been reiterated by the RBA as contributing to surging inflation is the constrained capacity of business due to tightness in Australia’s labour market. Insufficient people are available to fill jobs due to lack of overseas workers coming into the country during the pandemic and a big exodus for the same reason. This statistic is definitely one to pay attention to and consider the outcomes for your interests. ## **ABS Announces Unemployment Figures for June** The official unemployment figures are announced with an accompanying statement by the ABS. Bjorn Jarvis, the Bureau’s head of labour statistics, states that the June figure of 3.5% is the lowest seasonally adjusted rate since August 1974. At that time unemployment sat at 2.7%. Mr Jarvis provided extensive detail on the breakdown of the numbers which include the rate for men at 3.6%, lowest going back to May 1976 and at 3.4% for women, where the lowest was recorded in February 1974. The drop represents consecutive decreases over eight months and coincides with restrictions and lockdowns being lifted in many states in late 2021 due to the Delta phase of the pandemic. The employment growth continues stronger in comparison to the stats prior to the emergence of the pandemic. Western Australia was the only state/territory to post an increase in unemployment with a 0.3% rise. Falls were recorded in NSW 0.7%, Queensland 0.1% and 0.5% in Victoria. The monthly employment figures cover a range of aspects including the hours that workers are off work as a result of illness. This continues to be at a high level which coincides with increasing COVID-19 case numbers and the influenza rates. This is a major issue for consideration by businesses. ## **Business Impacts** Business owners may not usually pay too much attention to national employment figures. But these latest figures are worth considering in the context of individual business requirements. Where a business currently is not able to achieve full production or open usual hours because they just don’t have sufficient staff, these figures may be important for future planning. Low unemployment means high employment and that means that there are less people in the market for job. This may indicate that it will take longer to fill job vacancies and a longer period to be fully operational. An issue which can form part of business plans. Filling vacancies may require offering incentives or higher wages. The high illness rates may also be worth factoring into business planning. Having flexible rostering to fill gaps wherever possible and incorporating whatever measures possible to cover these periods may be required. Both these issues can add to business costs through higher wages bills combined with potentially lower productivity and income. Support may be required through a [Business Loan](https://jade.finance/business-loans/best-business-loan-interest-rates) or an [Overdraft](https://jade.finance/business-loans/business-overdraft) which we may be able to assist with. ## **Interest Rate Rise Ahead** As mentioned at the outset, this dramatic fall unemployment has ramifications with interest rates across lending markets. Analysts are already saying the June figures will be putting additional pressure on the RBA to make a large hike in the cash rate come 2 August. Many would have been preparing for another 0.5% rise but this latest data may justify a rise of up to 1%. This would lead to further increases in interest rates for both business and consumer finance products. Individual lenders make their own decisions around rate rises but most will tend to pass on the full amount of rises. Jade Finance has a vast choice of lenders so we are always in a great position to source the cheapest interest rates available to suit individual applicants at any particular point in time. **Contact Jade Finance 1300 000 008 to discuss how we can assist you achieve the cheapest interest rate loans** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Consumer Finance Lender Regulations](https://jade.finance/blog/consumer-finance-lender-regulations) **Published:** June 17, 2020 **Author:** Publisher **Content:** Consumer finance is an area of the financial services sector which is highly regulated, with legislation in place to safeguard borrowers and to establish the obligations and regulations that lenders must comply with. This article is intended to educate our customers in this area and provide them with the information that they are entitled to and to ensure they are well-informed when dealing with [Jade Finance](https://jade.finance/) and making decisions about car loans, motor bike loans, caravan and boat loans. At Jade Finance an integral component of our service is to not only source the cheapest loans for our customers but also to ensure that the loan process is hassle-free and streamlined. But some of our customers are sure to consider that the process involves a lot of paperwork and questions. The first thing you need to know is that many of the processes we undertake in handling your loan are required by law. So our consultants are not only being diligent and thorough to safeguard your interest but they are complying with the law. Jade Finance is a licensed finance broker, known in the official regulations and documents as a credit licensee, and as such must comply with the relevant section of the [National Consumer Credit Protection Act 2009](https://www.legislation.gov.au/Details/C2020C00105). This includes the responsible lending conduct and obligations required by lenders. The Act is regulated and enforced by ASIC – the Australian Securities and Investment Commission, which imposes significant penalties on lenders that do not comply. By being aware of the lender regulations around consumer lending, you will hopefully have a greater understanding of your own rights as well as knowing more about what to expect from your Jade Finance consultant when handling your loan. We cover a range of aspects in this article and if you require further information or clarification, you are welcome to contact us. ## **The Role of ASIC** ASIC is often referred to as the ‘official regulator’ which means it is the independent body of the Australian Government, charged with regulating the financial services sector, consumer credit, the financial markets and corporate activities. As such it is ASIC who has responsibility for administering the National Consumer Credit Protection Act. Part of this responsibility includes setting guidelines and obligations that credit licensees such as Jade Finance, other finance brokers, finance companies and banks must comply with when providing consumer loans to individuals. ## **Responsible Lender Guidelines** Credit licensees are organisations that offer lending services to individuals, ie consumer finance, and each such business must be licenced by ASIC. Credit licensees include banks, finance brokers and finance companies. Jade Finance credit licence number is ACL 484387, for your reference. Licensees must display their ACL on documents, advertising material and in other places. To regulate this sector of the finance industry in the interests of providing safeguards for consumers, ASIC has set up stringent guidelines for credit licensees to follow. Failure to comply attracts a penalty. The responsible lending conduct obligations form an important part of the guidelines, as legislated in the Act. The obligations include the responsibility of each licensee to establish operational processes and protocols to ensure that they meet their obligations under the law. A key statement including in the obligations states that a credit licenses must not enter into a credit contract, or suggest a credit contract, or assist an individual to apply for a credit contract, if that credit contract is assessed as unsuitable for that person. This comes down to the simple obligation that as a responsible lender, Jade Finance cannot offer you a loan to purchase a car, boat, caravan, motor bike or for any other purpose, if that loan is unsuitable for you. That takes the explanation to how the credit licensees establish process to ensure that they meet the obligations under the law. Jade Finance has established and clearly sets out, the stringent practices and steps that our consultants must follow to ensure that the loan offer or quote that we present to you is suitable for you. ## **Obligations of Lenders** The obligations that ASIC has set out for all credit licensees in regard to consumer loan services and especially the application process include:- 1. Credit licensees must establish, implement and comply with a set of practices and procedures for the purpose of verifying and checking a person’s financial situation and to assess that a specific personal consumer loan is suitable for that customer. 2. Credit licenses have the obligation to disclose specific information and documents to customers. This information is to ensure that the customer understands the services provided by Jade Finance and understands the detail included in the specific credit loan contract that is offered. Knowing what our obligations as responsible lenders entail, should assist you develop a greater understanding of the consumer loan application process and a greater appreciation of the extent of the work that our consultants undertake to ensure the loan offers is suited to your individual requirements. ### **Jade Finance Responsible Lending Processes** Jade Finance has established and implements a specific Responsible Lending Flow Sheet that all our consultants must follow, which ensures we meet our obligations as a responsible consumer finance lender. The Flow Sheet details each step that a consultant goes through when discussing a consumer loan with a customer. It is as follows:- - A Credit Guide must be provided to each customer with whom a consultant has engaged in a discussion around consumer finance. The consultant retains a record of when that credit guide was provided as our confirmation that that step has been completed - If a DOF is propose, the credit quote must be signed. The signed credit quote is included as part of the loan application submission. - The consultant must ensure that the customer is provided with and explained to, the necessary privacy statements. The customer must sign the statements as confirmation that they were advised of mattes involved with the sharing of their information for the purpose of the loan application. - Detailed Credit Checks are completed. This involves checking credit history and credit scores, verifying the history of the customer’s addresses and any history of directorships. - A Check of Financial Capacity is undertaken which involves the verification of information about a customer’s financial situation which has been provided. - Living expenses are checked verbally with customers. This allows the consultant to confirm that every expenses has been advised. Once this check is completed, the consultant sends a copy of the information to the person as confirmation that the discussion was undertaken and to confirm the expenses that were discussed. - A Pre Lim is completed. This document is a confirmation that the consultant is engaged in a review of the customer’s requirements. - The next step is to send a Credit Proposal to the customer. This includes details of how that consultant is proceeding with the customer’s enquiry or application, the loan amount in total, repayment schedule that is proposed and other details. - Some consumer loans allow for an optional balloon. If such a balloon is requested by the customer, the consultant questions the customer on their intentions as to how they will finalise this payment when it is due. - Complete and thorough notes are retained by the consultant throughout this entire process. These notes cover every interaction with the customer with the date it occurred and a timeline of each stage. This Flow Sheet is in place to ensure that Jade Finance complies with its obligations and that our consultants are addressing the best interests of the customer. ### **Obligations of Disclosure** As mentioned above, part of the responsible lending obligations is to provide customers, even those just making an enquiry, with the required information as determined by ASIC in the [Responsible Lending Disclosure Obligations](https://asic.gov.au/regulatory-resources/credit/responsible-lending/responsible-lending-disclosure-obligations-overview-for-credit-licensees-and-representatives/). The documents include the information that customers should require to understand the credit activities as provided by Jade Finance. The information is also intended to advise customers of their consumer rights, to understand and contract and offers and in general, assist the customers to make their own decisions. The information and documentation that Jade Finance is required to provide to customers includes:- - Credit Guide – information on consumer credit of a general and preliminary nature. - Quote of Services – this must cover the fees and the costs of the services that a credit licensee intends to bill to the customer. The quote must be accepted by the customer’s signature and dated. - Proposal Document – including details of the cost of services provided by the credit licensee with the inclusion of any commission which may be being received by that credit licensee. - Written Assessment – this document will state that a particular credit contract, ie loan offer, has been assessed as not suitable for a customer. ### **The Jade Finance Commitment** Jade Finance accepts and undertakes it role as a licensed finance broker, ie a credit licensee, with the utmost professionalism and a commitment to abiding by the regulations for responsible lenders as required under the law and determined by ASIC. In addition, we go beyond what is required to what we consider to be ethical conduct and actions and engage in practices which are always in the best interests of customers. If you are engaging with other lenders – banks, brokers, finance companies – you can utilise this information that we have provided to do your own checks on these lenders to ensure they are compliant with the Responsible Lending Guidelines. **If you have any questions around any aspects of consumer finance, please contact Jade Finance and one of our consultants will assist you. Call 1300 000 008** **Categories:** Information --- ### [Ship Stuck in Suez Canal. So what?](https://jade.finance/blog/ship-stuck-in-suez-canal-so-what) **Published:** April 9, 2021 **Author:** Publisher **Content:** With floods impacting eastern Australia, the COVID-19 vaccine roll-out entering the crucial stage 1B and a raft of issues in Federal Parliament dominating the news headlines, the story about a container ship blocking the Suez Canal has taken a few days to reach the front pages of the national mastheads. In case you missed it, a large container ship is stuck in the Suez Canal, actually blocking the entire width of the waterway, akin to a beach whale. Over 200 ships are currently backed up and authorities have closed the access to more ships entering. Reports are that it could be stuck for weeks as specialist crews from several countries are brought in to work out a way to get it back on course and out of the Canal. If you need to check your geography for where the Suez Canal is located, you’re excused. It’s in the middle-east, in Egypt and is a man-made waterway which connects the Mediterranean Sea with the Red Sea and was constructed in the 1860s, opening in 1869. ## **So why should businesses in Australia be interested or concerned about this? What does it mean? How could this impact your business?** Well this is the major access for oil, grain and container ships to and from ports in Europe. That means it is a major global trade route and Australia is a major global trade nation. Many Australian businesses rely on shipping trade with Europe which travel via this route. At Jade Finance, we’re considering what this may mean for our customers in terms of finance. For Aussie businesses think of your supply chains and then think possible cash flow issues. If your products are en-route to markets via this trade channel, there could be delays in getting those goods to your customers and potentially delays in you getting paid. In the other direction of the supply chain, think of what you are waiting on being delivered from that part of the world. For those waiting on machinery, components, stock or goods and materials essential to their production, this could mean delays in your output and in you receiving payment from your customers. While we’ve singled out this event, it is just one example of how events well outside your control, even on the other side of the world, can impact your business cash flow. You don’t need a ship to block a major trade route for your business to experience cash flow strain. Cash flow can be interrupted and disrupted for many varied reasons. The resources and agricultural sector are well aware of how international market pricing and seasonal events flow through to affecting their flow of funds. The good news is that Jade Finance offers a range of business finance solutions to address a range of cash flow issues. Cost-effective and individually tailored finance arrangements structured to ease cash flow pressures for many types of business operations. ## **Cash Flow Solutions** At Jade we don’t adopt a one-size-fits-all approach to cash flow solutions. We work with our customers to identify the need and then structure a solution to meet that need. Identifying the specific source of the issue can result in achieving s finance product to suit that specific requirement. Our cash flow finance products include solutions for both short term and longer term prospects. ## **Business Overdraft** Most businesses are well aware of what an overdraft involves and many trade with an ongoing overdraft or line of credit through the bank. But what many may not be aware of is that banks are not the only providers of overdraft facilities. At Jade, we source business overdrafts for our customers through several of our non-bank lenders. The concept works in a similar way to a traditional bank overdraft, it’s just that the line of credit is provided through a non-bank finance company. An overdraft can be arranged over ranging timeframes and is suitable for both short-term cash flow issues and as an ongoing arrangements. Our interest rates for business overdrafts are highly competitive and our consultants negotiate suitable terms for individual customers. ## **Debtor Invoice Finance** One of the most common causes of cash flow crises for business is when their customers don’t pay for goods and services as provided in a timely fashion. You’re relying on those funds to pay wages, acquire supplies for further production, pay your own suppliers and when the money doesn’t flow in on time, problems can arise. If this type of situation continues over an extended period or is constantly recurring, it can lead to the business not only have a cash flow crisis but facing general credit issues. Some suppliers such as utilities, may report late payers and non-payers to credit reporting agencies. Such reports can impact a business’ credit rating and their attempts to source future loans and finance. If your cash flow problems stem from your customers not paying you on time, talk to us about Debtor Invoice Finance. This is arranged through our non-bank lenders and allows you to receive an agreed percentage of the invoice value through the lender at the time of invoicing. The balance is paid when the lender receives full payment from your supplier. Interest is charged on monies awaiting payment and small charges apply but this can be a great solution for many business operators. Review the full details on our web page or call for a quote. ## **Secured and Unsecured Business Loans** In addition to the above more specific solutions, we also offer general business loans, both secured and unsecured, to cover a range of expenditure requirements. The type of expenses that perhaps cannot be made without placing undue pressure on cash flow. Discuss your requirements with one of our consultants and we can provide our advice on which solution would best suit your need. ## **Eligible Businesses** Jade Finance works with all types of businesses, from the smallest, solo operator set-up to large corporations. Our services are available across all industries and all sectors, so if you’re facing cash flow issues, reach out for a solution and don’t get stuck in your own cash flow canal **To discuss cash flow solutions, contact Jade Finance Call 1300 000 008** *DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.* **Categories:** Information --- ### [Refinancing in unprecedented times](https://jade.finance/blog/refinancing-in-unprecedented-times) **Published:** April 24, 2020 **Author:** Publisher **Content:** ‘Unprecedented’ is a description which we have come very used to hearing over the past few months. First it was in relation to the long-running drought, then it was the bush fires and now we seem to hear it every day in relation to the coronavirus global pandemic. Unprecedented has become the new normal and if you believe the narrative, we need to get used to this changed existence. While the initial focus was on the health aspects – shoring up the health system and implementing measures to supress the spread in Australia – attention was quickly turned to the economic impacts that these measures were causing. Businesses have been impacted on a large and increasingly wide scale. But some sectors have continued to trade virtually ‘as per usual’ throughout and others look set for an uplift as part of the recovery strategy. Whatever the situation, most astute business operators are assessing and evaluating their financial positions to mitigate risk of future impacts, redirecting resources where needed, altering strategies to conserve the existing business structure and positioning themselves to take advantage of opportunities as they arise in the future. For many refinancing is a key strategy in their plans. **Explainer** - Interest rates are at historic low levels which makes re-financing existing loans a very attractive option for many businesses. - For those with multiple loans, consolidating debt into one finance contract may free up cash flow for investment and general operations. - Refinancing can involve establishing a new finance facility or loan contract for an existing loan or consolidating multiple debts/loans into one. - The general process follows similar steps as establishing a loan. Your Jade consultant will discuss your requirements, source a quote from our wide range of banks and lenders and on acceptance of that quote will handle the paperwork to finalise the application. - Refinancing may be with your existing lender or a different lender. - Refinancing may involve changing to a different finance facility or remaining with the same product type. That is, changing from leasing to Chattel Mortgage or staying with leasing. - Refinancing involves establishing a new loan term and new monthly payments at a new interest rate. - The same conditions applying to individual product types, eg GST, tax etc, apply to the new finance. **Considerations** - The costs involved with re-financing should be considered. - Break fees may apply for finalising your existing loan(s) before the end of the loan term. Your Jade consultant will negotiate these down to a minimum, where possible, on your behalf. - Costs of establishing new loans need to be considered. - The lending market is reacting to the economic impacts of the coronavirus crisis. Lenders are acting prudently and responsibly in extending finance. The impacts on a business from the COVID-19 pandemic are being considered with new finance applications. Such processes would be expected to be adhered to in regard to refinancing. - Lenders would be open to discussions with well-established businesses with complete documentation and strong financial strategies and ways forward. Due to the current lending environment, our role as an experienced finance broker has become even more significant to our customers. Navigating your own way through these unprecedented conditions may be a ‘challenge too far’. Your Jade Finance consultant has the expertise, industry contacts and negotiating skills to best represent your interest to lenders and source you the best refinancing options. **To discuss your refinancing requirements, contact us on 1300 000 008 to speak with a Jade Finance consultant.** *DISCLAIMER:THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ### [Getting over the pandemic bridge](https://jade.finance/blog/getting-over-the-pandemic-bridge) **Published:** April 24, 2020 **Author:** Publisher **Content:** Since the initial stages of the COVID-19, when coronavirus first emerged in Australia, Prime Minister Scott Morrison has regularly referred to the metaphorical ‘bridge’ that we were, as a nation, crossing. As the curve continues to flatten and we move further along that bridge, more and more individuals and businesses are looking to the other side and wondering – what’s there? What will our lives look like, how will our business operate, how much will be the same and back to ‘normal’ and what will be changed forever? While we are daily reminded by every leader and health expert that ‘we still have a long way to go’, at Jade, we dare to look beyond today and inspire our customers to consider the opportunities that exist and to start planning and putting their own measures in place now to stay ahead of the recovery curve. **Here are some of our thought-provokers for you to consider:-** - Interest rates are at all-time lows and look set to stay that way for a while. Now could be the time to take advantage of these with investment in assets. - Oil prices have slumped and the Australian Government is investing $94m in securing oil reserves to ensure Australians enjoy lower prices at the pump for a while. If fuel is a major cost in your business, having this alleviating may free up cash flow for investment. - State Governments in all jurisdictions have launched significant support programs for business. Most of these have included a waiver, refund or deferral of payroll tax amongst other measures. This may mean a reduction in outgoings for your business, freeing up funds for investment in new opportunities. - Changes in the way people purchase changed significantly during the peak of the crisis with a focus on online and home delivery services. These trends may continue for some time as we are warned not to be complacent and to be prepared for a ‘second wave’. Some people will stay home more and this could be an opportunity to expand your business delivery options, perhaps with the purchase of your own delivery truck. - The way Australians enjoy their holidays is likely to be changed for some time with international travel low on the list of restrictions to be lifted. This represents opportunities for businesses in domestic holiday destinations to finally see some business flow through. To take full advantage, you may need to invest in business equipment of some type to cope. We provide finance for all types of equipment including computers, IT, software and other items. - Sovereignty and self-reliance will become buzz words in coming times as calls for Australia to become less reliant on overseas imports and strengthen its supply chains become louder. Jade is keen to support manufacturers wishing to expand their operations with finance for investment in equipment. We will be staying across developments in this area. - Construction projects, especially transport and infrastructure and bringing forward maintenance works by governments have already been flagged as key levers for the recovery process. Businesses operating in these sectors will hopefully see opportunities to take advantage of. - From all the signage appearing in public areas and in businesses advising of guidelines in regard to COVID-19 best practice, it’s clear that the print, sign and graphics industry has been busy during the coronavirus crisis. If print businesses require purchase of new equipment, please speak with us re finance. If these ideas have sparked your interest in investing in assets for your business, we’re ready to assist you in sourcing cost-effective finance. **To discuss your business finance requirements, contact us on 1300 000 008 to speak with a Jade Finance consultant.** *DISCLAIMER:THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES* **Categories:** Information --- ### [Deferring Loan Repayments: Explainer](https://jade.finance/blog/deferring-loan-repayments-explainer) **Published:** April 24, 2020 **Author:** Publisher **Content:** The COVID-19 crisis in Australia has been devastating for many people – on both the health front and in economic terms. With hundreds of thousands of businesses forced to close, millions of employees have been stood down or lost their jobs completely. The effects have been particularly hard in the travel, tourism, entertainment, hospitality, the arts and retail sectors. While many will receive some income via the JobKeeper and JobSeeker programs, for most, this will mean a significant reduction in their usual earnings. With effectively no warning or notice that this was coming and no time to prepare financially, it has left many people in seriously precarious financial circumstances. As a major finance broker in both consumer and business finance, we are well aware of the number of our customers that have car loans, boat loans, bike loans, caravan loans, truck finance and equipment finance contracts currently active, with repayments due on a monthly basis. The global pandemic quickly became an economic pandemic for millions of Australians, looking for a way to meet their loan repayments. Seeking relief for this unprecedented event. One of the first calls by governments was to appeal to the banks and lending sector for a broad-scale approach for relief to both business and consumer borrowers. We have fielded many enquiries from our customers and have provided this overview of the process as an explainer of what your options may be. - Jade Finance is accredited with all leading banks and many non-bank lenders and we have been in contact with updates from all in regard to loan deferments for both business and personal loans. - There is essentially not a blanket or general statement that can be made concerning the type of support and level of relief being offered by all lenders, except that most are offering a 6 month deferral of loan payments on many loans for many customers. - A 6 month deferral of loan repayments is available to many, but all requests are subject to individual circumstances. - Deferring repayments is not an automatic process. You will need to apply to your lender directly. - If you do not formally request a deferral and you fail to meet your repayment schedule, this is known as defaulting and may leave you at risk of action in repossessing the goods covered by the loan, by the lender. - To assist their customers, all major banks and many lenders have already set up a dedicated website or web pages with information on their COVID-19 support policies. Links to this information and dedicated pages are clearly indicated on the company’s home page. We advise you access this information as your first step and immediately, if you require assistance. - The ways to speak directly with your lender – phone numbers and email addresses – are displayed on their COVID-19 websites. - Before considering a deferral, you should be fully informed of what this action means initially and further down the track of your loan term. - A deferment is not a waiver. It does not exempt you from ever making those 6 months worth of payments. The repayments are not deleted for this period. - The financial obligation still exists. Deferring payments means you put off the payment to be made at a later date. - Effectively this extends your loan term by 6 months. For example, if you request a 6 month deferral from say your repayment due on 1 April 2020, you will be expected to resume monthly repayments on 1 October 2020. - Interest on your loan will still accrue during the deferral period which may increase your final payment at the end of the loan term and for business finance, increase the balloon, residual or buyback. - We have been advised by the relevant authorities, that due to these unprecedented circumstances, individuals and businesses that request and are granted a 6 month deferral, this won’t appear negatively on their credit report. However, the longer term impacts are not as clear as to how lenders will consider a current 6 month deferral when considering future loans. We always recommend that our customers to consult with their financial advisor for advice specific to their individual circumstances. **To discuss your finance requirements, contact us on 1300 000 008 to speak with a Jade Finance consultant.** *DISCLAIMER:THE INFORMATION PROVIDED IS FOR GENERAL CONSIDERATION. ANY REFERENCE TO OFFICIAL GOVERNMENT POLICIES HAS BEEN SOURCED FROM AUSTRALIAN GOVERNMENT AND STATE GOVERNMENT SOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS IN PRESENTATION OR INTERPRETATION OF THE FACTS AS PROVIDED BY THESE SOURCES. WE ADVISE ALL INDIVIDUALS AND BUSINESSES TO REFER TO THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE SPECIFIC TO THEIR INDIVIDUAL CIRCUMSTANCES.* **Categories:** Information --- ## Pages ### [Home](https://jade.finance/) **Published:** July 8, 2023 **Author:** Publisher --- ### [Bike Loans](https://jade.finance/bike-loans) **Published:** August 14, 2023 **Author:** Publisher --- ### [Car Loans](https://jade.finance/car-loans) **Published:** July 30, 2023 **Author:** Publisher --- ### [About Us](https://jade.finance/about-us) **Published:** July 7, 2023 **Author:** Publisher --- ### [Privacy Policy](https://jade.finance/privacy-policy) **Published:** July 7, 2023 **Author:** Publisher --- ### [Car Loan Broker](https://jade.finance/car-loans/car-loan-broker) **Published:** August 11, 2023 **Author:** Publisher **Content:** Some people wrongly assume that engaging a finance broker to handle their loans is the exclusive privilege of large companies or the wealthy elite. The services of Jade Finance are available to all types of customers – private individuals of all ages and all incomes, small owner-operator businesses through to the largest corporations. In many cases, it is far more important for individuals and smaller operators to utilise a broker as they are often the people that have less bargaining power with lenders when they approach them directly and end up being offered expensive or complicated loans. The banks don’t want you to know about Jade Finance brokers because they know we’ll bargain hard with them to the best deal for you. --- ### [Partner With Us](https://jade.finance/partner-with-us) **Published:** August 28, 2024 **Author:** Publisher **Content:** ## Easily Increase Income with Generous Commissions Partnering with Jade Finance provides businesses with a passive source of income through our generous commissions on approved finance referrals. Simply refer the customer to us to source and handle their finance and when the application is approved, we show our gratitude for the business with a generous commission. Speak with use about the specifics of what we may offer your business. ![A business man in Brisbane is sitting at a table in an outdoor space using his laptop to learn more about his commercia finance options.](https://jade.finance/wp-content/uploads/2024/08/loan-broker-brisbane-02-e1724292084775-1024x1024.webp "loan-broker-brisbane-02 - Jade Finance") ![A finance broker meets with her happy client in a Darwin office.](https://jade.finance/wp-content/uploads/2024/08/loan-broker-darwin-02-e1724297430963-1024x1024.webp "loan-broker-darwin-02 - Jade Finance") ## Get Extensive Business Support from Lending Experts While we support your customers with quick, easy access to the most competitive rates and best finance deals, we also support you with a range of services and expertise. Assistance with events such as shows, expos and showcases to capture sales on the day. Our website product repayment automation which allows your buyers to quickly calculate estimated repayments on finance for your products. We will work with you and your IT team to incorporate our high-tech finance systems into working with your set-up. Speak with us about the services and support we may provide for your business. ## Gain that vital competitive edge with a contemporary and complete product offering that meets today’s customer expectations Dealers, retailers, manufacturers and suppliers partnering with a financial services provider is not a new concept. But it has become an expectation by many consumers and business buyers. Businesses that don’t offer a finance provider can be missing out on sales to their competitors. Partnering with use can provide your business with a more complete offering and a better overall package than your competitors. A lending service which provides your customers with not just one option, but many lenders and access to the most competitive interest rate finance. Enhancing your business image as an operation that understands and meets the expectations of today’s buyers. ![Two professionals meet on the Gold Coast at an outdoor table to discuss the details of a proposed finance package.](https://jade.finance/wp-content/uploads/2024/08/loan-broker-gold-coast-02-e1724284905794-1024x1024.webp "loan-broker-gold-coast-02 - Jade Finance") ![Two business people signing documents for a business purchase](https://jade.finance/wp-content/uploads/2024/06/chattel-mortgage-hire-purchase-finance-e1721167770987-1024x1024.webp "Chattel Mortgage vs Hire Purchase Finance - Jade Finance") ## How a Finance Partnership with Jade Finance Works Partnering with Jade Finance is a simple, streamlined process for both you and your customers. We do all the hard work for you and your customer. Simply refer the customer to us and we will handle the financing process. We keep you in the loop and advise when the application is approved. Our simple application procedure and superior expertise from our brokers, makes the process quick and easy for your customers. We provide quick quotes, handle processing the application for fast approvals and deliver prompt settlement. ## Quickly Convert Enquiries to Sales with our Fast Loan Approvals We respect how confirming sales quickly can be important to many businesses. Our quick quotes provide customers with an indication of their loan very swiftly. Our fast approvals, many in 24 hours, ensure your customer knows their loan is confirmed and they can proceed to purchase from you. We then liaise with you and our lender to arrange prompt settlement. Ensuring you receive payment for products asap. ![A young professional researching commercial loans for a company project.](https://jade.finance/wp-content/uploads/2024/07/commercial-loans-01-1024x1024.webp "Commercial Loans 01 - Jade Finance") ![A business woman in a Sydney office is submitting a free quote request with Jade Finance.](https://jade.finance/wp-content/uploads/2024/08/loan-broker-sydney-02-e1724281243137-1024x1024.webp "loan-broker-sydney-02 - Jade Finance") ## Contact us to discuss a customised partnership which is structured to suit your business and your customers’ expectations. - Accountants and accounting services providers - Insurance Brokers and Financial Advisors - Motor, car, truck and motorcycle dealers - Boat brokers, dealers and manufacturers - Plant, machinery and equipment dealers and manufacturer - Truck dealers - Caravan, camper and RV manufacturers and dealers **Fill the form below to register your interest, or [call us at 1300 000 008](tel:1300000008 "call us at 1300 000 008").** --- ### [FAQs](https://jade.finance/faq) **Published:** July 7, 2023 **Author:** Publisher --- ### [Home Loans](https://jade.finance/home-loan) **Published:** March 3, 2026 **Author:** Publisher --- ### [Rent to Own](https://jade.finance/business-loans/rent-to-own) **Published:** July 12, 2024 **Author:** Publisher --- ### [Boat Loan Interest Rates](https://jade.finance/boat-loans/interest-rates) **Published:** July 22, 2024 **Author:** Publisher --- ### [Boat Lease](https://jade.finance/boat-loans/boat-lease) **Published:** July 15, 2024 **Author:** Publisher --- ### [Yacht and Houseboat Loans](https://jade.finance/boat-loans/yacht-and-houseboat-loans) **Published:** August 14, 2023 **Author:** Publisher **Content:** As specialists in marine finance and boat loans, Jade Finance offers the best loans for all types of yachts, sailing craft and houseboats. We share your appreciation of the leisurely lifestyle these craft offer, but we don’t spare the horsepower in securing you a great loan offer at our signature cheap interest rates. Like the ebb and flow of the tide, interest rates vary. But the Jade commitment to securing better interest rates, cheaper interest rates and the best interest rates for our customers has never changed. A call to Jade Finance and you’ll be assigned your own licensed financial professional who will be working for you, in your best interests, throughout the entire loan process. We are accredited with many banks and lenders and we use this wide access to source a loan, specifically developed for yachts and houseboats. It is important to secure a yacht-specific loan as it indicates that the lender fully understands the sailing market, is confident to lend to yacht buyers and this translates into better loan terms. --- ### [Jet Ski Finance](https://jade.finance/boat-loans/jet-ski-finance) **Published:** August 14, 2023 **Author:** Publisher **Content:** As specialists in marine finance and boat loans, Jade Finance provides the best finance deals for jet skis and water scooters. We share your passion for the speed, precision and power of PWCs and deliver quick quotes, fast approvals and loans super-charged with our cheap interest rate guarantee. As experienced brokers, Jade is accredited with a wide range of banks and lenders so we have a wider choice to consider offers for you jet ski loan. Then with our bargaining power we deftly negotiate that offer down to the cheapest loan possible. You’ll have your own Jade consultant working on your jet ski loan to eliminate the hassle and the waiting and the paperwork. We’re working for you and we deliver our best offer first-up. No need to rev us up, we’ve done the hard work already! --- ### [Boat Loan Broker](https://jade.finance/boat-loans/boat-loan-broker) **Published:** July 15, 2024 **Author:** Publisher --- ### [Boat Loans](https://jade.finance/boat-loans) **Published:** July 7, 2023 **Author:** Publisher --- ### [Plant and Machinery Finance](https://jade.finance/equipment-loans/plant-and-machinery-finance) **Published:** August 13, 2023 **Author:** Publisher --- ### [Truck Loans](https://jade.finance/truck-loans) **Published:** July 30, 2023 **Author:** Publisher --- ### [Business Loans](https://jade.finance/business-loans) **Published:** October 17, 2023 **Author:** Publisher --- ### [Unsecured Personal Loans](https://jade.finance/personal-loans/unsecured-personal-loans) **Published:** August 11, 2023 **Author:** Publisher **Content:** We are regularly working with business customers that require an unsecured loan for a range of purposes. Some business owners have naturally approached their bank or another lender directly, and quickly realised that the process is daunting and/or such a loan type can be expensive or restrictive. Once they approach Jade Finance, there quickly understand the significant benefits of having an experience finance broker handle their finance requirements. --- ### [Personal Loan Calculator](https://jade.finance/personal-loans/personal-loan-calculator) **Published:** July 30, 2023 **Author:** Publisher --- ### [Car Loan Balloon Calculator](https://jade.finance/car-loans/car-loan-balloon-calculator) **Published:** May 17, 2024 **Author:** Publisher --- ### [Novated Lease Repayment Calculator](https://jade.finance/car-loans/novated-lease-repayment-calculator) **Published:** July 30, 2023 **Author:** Publisher **Content:** So if you’re such an employee, you may be wanting to estimate what these repayments will be. As an employer, you will be wanting a repayment estimate for planning purposes. The calculator allows you to receive an estimate on both new and used vehicles for the full price range, from budget cars to luxury vehicles. With all values entered and fields filled, you’re done. ## Navigate through our calculator, and your Lease Repayment estimate will be displayed on your screen This is a ballpark estimate and to change the amount, simply change the amounts you entered previously for loan term and residual. To calculate an estimated repayment on another car, simply clear the screen and enter the new values. This is only a ballpark, but your Jade Finance consultant can quickly turn it into a firm quote. **Click the** “**Get a Quick Quote**” **button for a quick quote or phone a Jade Finance consultant for a firm quote and to discuss your Novated Lease requirements. [Call 1300 000 008](tel:1300000008)**. --- ### [Factor Rate APR Calculator](https://jade.finance/business-loans/factor-rate-apr-calculator) **Published:** July 15, 2024 **Author:** Publisher --- ### [Car Hire Purchase Calculator](https://jade.finance/car-loans/car-hire-purchase-calculator) **Published:** May 17, 2024 **Author:** Publisher --- ### [Business Car Loan Calculator](https://jade.finance/business-loans/business-car-loan-calculator) **Published:** July 22, 2024 **Author:** Publisher --- ### [Equipment Finance Calculator](https://jade.finance/equipment-loans/equipment-finance-calculator) **Published:** July 30, 2023 **Author:** Publisher **Content:** ## Click Calculate The calculator is an invaluable tool for business budget planning as it can be used for equipment financed by the full range of Jade commercial finance facilities: CHP, Equipment Leasing, Chattel Mortgage and Equipment Rental. Automatically a ballpark repayment estimate will appear in the result field. The functionality of the software does not allow for individual considerations but it should be a good indication for you to use in decision-making, planning and moving forward with your business plans. ## Simplified Estimation and Next Steps You can vary the term and balloon to arrive at a different estimate. Repeat the process for any other equipment. If the estimate is workable with your cash flow and objectives, follow through with a discussion with a Jade Finance consultant for a firm quote which will take into account your unique application requirements. **Click the** “**Get a Quick Quote**“ **button for a quick quote or phone a Jade Finance consultant for a firm quote and to discuss your equipment finance requirements in detail. [Call 1300 000 008](tel:1300000008)**. --- ### [Car Finance Calculator](https://jade.finance/car-loans/car-finance-calculator) **Published:** July 30, 2023 **Author:** Publisher --- ### [Hire Purchase Calculator](https://jade.finance/business-loans/commercial-hire-purchase-calculator) **Published:** July 30, 2023 **Author:** Publisher **Content:** CHP is a popular form of finance as it suits many businesses that use a cash accounting method and can be applied to the acquisition of motor vehicles, marine vessels, all types of business and industrial equipment, trucks and caravan/motorhome vehicles for business use. With all fields completed, simply click calculate. #### Click Calculate, Your Monthly Repayment Estimate Will Be Displayed. To alter the repayment, simply change the values you entered for loan term and balloon and you will see how those amounts change the repayment level. If the repayment estimate is in your ballpark and you’re ready to move, contact Jade Finance via email or phone to get a quick quote on a CHP loan for your asset acquisition. **Click the** “**Get a Quick Quote**” **button for a quick quote or phone a Jade Finance consultant for a firm quote and to discuss your Commercial Hire Purchase finance requirements in detail. [Call 1300 000 008](tel:1300000008)**. --- ### [Chattel Mortgage Calculator](https://jade.finance/business-loans/chattel-mortgage-calculator) **Published:** July 30, 2023 **Author:** Publisher **Content:** As the most commonly utilised form of business finance, Chattel Mortgage suits many types of purchases including business vehicles, boats and marine vessels, equipment, trucks and caravans used for business purposes. The calculator can be used to calculate estimates on all these purchases. With all fields including the essential data completed, you can now instantly calculate a monthly repayment estimate based on those values. ## **Click Calculate** A repayment amount will appear in the result field. To change the repayment estimate, simply vary the values of the entered data: term, total loan and balloon. Be mindful that the software is generic and does not include functionality to cater for variables such as your unique application details, lender guidelines, the specifics of what you are purchasing and the prowess of your Jade consultant to negotiate a better interest rate and overall better Chattel Mortgage for you. If the estimate is workable or you would like to discuss an even better deal, [contact a Jade Finance consultant](https://jade.finance/contact-us "Contact Us"). **Fill out the** “**Get a Quick Quote**“ **form or phone a Jade Finance consultant for a firm quote and to discuss your Chattel Mortgage requirements in detail. [Call 1300 000 008](tel:1300000008)**. --- ### [Truck Finance Calculator](https://jade.finance/truck-loans/truck-finance-calculator) **Published:** July 30, 2023 **Author:** Publisher **Content:** ## Click Calculate and Receive Your Ballpark The calculator will give you a ballpark monthly repayment on as many truck purchase prices as you want to compare. The calculator automatically calculates a ballpark monthly repayment based on the amounts you have entered. To vary the figure, adjust the term, balloon or the total amount to be finance. For a ballpark on another truck, start again and enter that purchase price. When that ballpark meets your expectations, just call Jade Finance for a firm quote on your truck finance. The calculator does not have the functionality to make allowances for individual applications, so your actual quote may differ from the estimate. **When you’re ready to move forward on your truck finance or want additional information, simply click** “**Get a Quick Quote**“ **or phone a Jade Finance consultant for a firm quote or to ask questions on our cheap truck finance deals. [Call 1300 000 008](tel:1300000008)**. --- ### [Business Loan Calculator](https://jade.finance/business-loans/business-loan-calculator) **Published:** June 25, 2024 **Author:** Publisher --- ### [Interest Rate Calculator](https://jade.finance/personal-loans/interest-rate-calculator) **Published:** July 30, 2023 **Author:** Publisher **Content:** The actual interest rate on any individual loan is determined by a range of factors including your individual credit profile; features of the item/asset you are purchasing; how a lender prices their loans in your sector; global economic trends and the success of your Jade Finance consultant in negotiating with lenders on your behalf. Our track record in this area is very impressive! As a guide to how different interest rates will affect the monthly repayments on your loan, we have provided this convenient online calculator tool. With all essential fields completed, you can now calculate an estimate on the monthly repayments for that item/asset based on the values entered. ## **Click Calculate** An amount automatically appears in the result field. To change that estimate, simply vary the values you have entered in the total amount, loan term, balloon and interest rate fields. The different repayment results will provide you with an indication of what values you will need to achieve the repayment level that suits your budget. Essentially, you are also calculating the interest rate you need to be offered in order to achieve the repayment amount that works for you. For a firm quote on your loan, you will need to contact Jade Finance and speak with one of our consultants for a no-obligation discussion of your requirements. **Click the** “**Get a Quick Quote**“ **button for a quick quote or phone a Jade Finance consultant for a firm quote and to discuss your personal loan requirements. [Call 1300 000 008](tel:1300000008)**. --- ### [Boat Loan Calculator](https://jade.finance/boat-loans/boat-finance-calculator) **Published:** July 30, 2023 **Author:** Publisher **Content:** ## Instant Estimates. No Obligation. In many cases the decision on which boat you’ll buy comes down to what you can afford or are prepared to pay in monthly instalments. Our handy calculator delivers that monthly repayment estimate into your mobile device, laptop or computer wherever you have an internet connection. The calculator is a generic device so both private buyers and marine businesses can use the facility. It can be used to calculate estimates on all types of boats, new and used, purchased from dealers, at auction of from private sellers. ## Click Estimate and You’ll Instantly Receive a Monthly Repayment. You will see the estimated monthly repayment for boat finance based on the data you entered. Like what you see? Call Jade Finance for a quote and call that seller to make an offer on that boat! To vary the monthly estimate simply vary the data amounts. To calculate the estimate on another boat, just enter the purchase price of that boat. Be mindful that the device does not have the capacity to predict and allow for individual circumstances so your actual boat finance offer may differ from the estimate. **When the estimate meets your expectations, simply click REQUEST A QUOTE or phone a Jade Finance consultant for a firm quote or to ask questions on our great boat finance deals. [Call 1300 000 008](tel:1300000008)**. --- ### [Motorbike Finance Calculator](https://jade.finance/bike-loans/motorbike-finance-calculator) **Published:** July 23, 2024 **Author:** Publisher --- ### [Caravan Loan Calculator](https://jade.finance/caravan-loans/caravan-loan-calculator) **Published:** July 30, 2023 **Author:** Publisher --- ### [Best Leisure Rates](https://jade.finance/personal-loans/best-leisure-rates) **Published:** August 14, 2023 **Author:** Publisher **Content:** Nothing takes the pleasure out of enjoying a day out on your boat or a holiday in your caravan faster than reflecting on the high interest rate loan you signed up for. Jade Finance simply won’t let that happen with your Jade Finance leisure and lifestyle loans. We guarantee that every loan offer we make is based on the cheapest interest rates possible for your loan. --- ### [Free Finance Quote](https://jade.finance/free-finance-quote) **Published:** July 18, 2023 **Author:** Publisher --- ### [Scholarship](https://jade.finance/scholarship) **Published:** July 7, 2023 **Author:** Publisher **Content:** 2026 APPLICATIONS ARE NOW OPEN – APPLICATIONS WILL CLOSE ON 1st NOVEMBER 2026 As part of our education support program, **Jade Finance Australia** is awarding a **$5,000 academic scholarship** to support tertiary students in advancing their studies. The Jade Finance Scholarship will be awarded to the successful applicant who submits the most outstanding written response to our selection criteria. ## The Topic The topic of the written response can be of the applicant’s choosing but with a focus on business finance and consumer loans areas including but not limited to [Motor Vehicle Finance](/car-loans), [Marine Finance](/boat-loans), [Equipment Finance](/equipment-loans), [Truck Loans](/truck-loans), [Commercial Loans](https://jade.finance/equipment-loans/best-equipment-rates "Best Equipment Rates"), [Personal Finance](/personal-loan-broker), [Motorcycle Loans](/bike-loans) and [Caravan Finance](/caravan-loans). The global economy, including Australia, has recently experienced unprecedented conditions that challenge traditional economic theories. We have seen record-low interest rates followed by rapid hikes, record-low unemployment, soaring inflation, and shifting spending patterns. Furthermore, the rapid integration of AI is fundamentally changing daily business operations. These shifts change how individuals and businesses make financial decisions. We are looking for students to provide an insightful “take” on how these modern behaviors and requirements should shape the future of finance. **Successful applicants often discuss:** - Strategies for finance brokers to bridge the gap between AI-driven automation and the need for personalised, human-led credit advice. - The evolution of recreational asset finance in response to the “Experience Economy” and shifting Australian lifestyle priorities.. - The impact of “Real-Time” data and Open Banking on borrower expectations for instant approval in the motor vehicle and personal loan markets. - Innovative lending structures that assist SMEs in maintaining equipment and fleet upgrades during periods of high inflation and interest rate volatility. - How AI-powered real-time monitoring and fraud detection can enhance security and trust throughout the asset finance lifecycle. ## Selection Criteria The Jade Finance panel is looking for the most impressive insights and innovative approaches regarding the roles of lenders, governments, and regulators in the current financial environment. ## Eligibility & Submission - Full-time and part-time tertiary students currently enrolled in and have completed one year of study in a course at a recognised Australian tertiary institution or higher education provider. - Applications must be submitted via Google Docs Link (ensure sharing settings are set to “Anyone with the link can view”). Other formats will not be considered. - AI-authored material will not be considered. - Submit a written response of no more than 2000 words. - Outline how the $5,000 will be used to support your studies. - Applications must be received by midnight AEST on 1 November 2026. - The winner will be decided by 1 December 2026 and advised by phone and email. - Have a question about your application? Contact us at . ## Terms and Conditions - The Jade Finance Scholarship is a private initiative by Jade Finance Australia. - It is not associated with, nor has it been approved by, any tertiary institution or higher education provider. - The winner is judged purely on merit and at the total discretion of the judging panel appointed by Jade Finance Australia. - No correspondence will be entered into after the winner is announced. - Announcements regarding the winner, including the winner’s identity, will be made only after the consent of the winner. - All applications are treated with confidentiality and privacy. - Jade Finance Australia reserves the right to utilise any ideas, thoughts, and concepts included in the applications with no financial compensation given to the applicant. - On applying, the applicant waives any rights of ownership to the ideas, insights, and content in their application. ## ENTER NOW Via email or by using the application form below. **Please include the following details:** Full Name Residential Address Contact details: email, mobile Tertiary Studies Details Attached application with google docs link. **Applications received after 1 November 2026 will not be considered.** --- ### [Caravan Loans](https://jade.finance/caravan-loans) **Published:** July 30, 2023 **Author:** Publisher --- ### [Secured Business Finance](https://jade.finance/business-loans/secured-business-finance) **Published:** March 31, 2025 **Author:** Publisher --- ### [No Deposit Car Finance](https://jade.finance/car-loans/no-deposit-car-finance) **Published:** August 11, 2023 **Author:** Publisher **Content:** If you’re in the market for a [personal car loan](/car-loans/personal-secured-car-loans "Personal Secured Car Loans") or [business vehicle finance](https://jade.finance/business-loans/business-car-finance "Business Car Finance"), then your probably don’t want to use your existing cash reserves for the purchase. We understand that completely, which is why Jade Finance offers no deposit car finance across our full range of car loans and motor vehicle finance products, dependent on individual lender requirements. That means, there is no deposit requested by whichever lender we arrange your [car loan](/car-loans) with. You can include the total purchase price of the car and some extra expenses, in the loan amount and keep your cash for other purposes. This ‘no deposit’ feature is distinct from a deposit which may be requested by the seller. If purchasing say a new car from a motor dealer, they will most likely ask for a ‘holding deposit’ to confirm the sale while they prepare your vehicle for delivery. If buying from a private seller and you need time to arrange your car loan, the seller may want you to put some money up to secure the sale so they can take it off the market. If buying at auction, you will definitely need to pay a deposit ‘on the hammer’. However, these seller deposits are usually refundable – sometimes a dealer or auction house will take a credit card imprint as security. --- ### [Used Truck Finance](https://jade.finance/truck-loans/used-truck-finance) **Published:** June 27, 2024 **Author:** Publisher --- ### [Personal Loans](https://jade.finance/personal-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Start-Up Truck Loans](https://jade.finance/truck-loans/start-up-truck-loans) **Published:** December 20, 2023 **Author:** Publisher --- ### [Business Car Finance](https://jade.finance/business-loans/business-car-finance) **Published:** August 10, 2023 **Author:** Publisher **Content:** Jade is a specialist in business car finance and consistently achieves better interest rates and cheaper business vehicle loans for our customers. The business automotive loan category is one of the most competitive in the lending sector and with so many operators, using the services of Jade to source your financing offers many advantages. In order to be eligible for a business use loan, the vehicle being purchased must be intended to be primarily used in the business and the applicant must, at a minimum, hold an ABN. Business car loans are priced more competitively than personal use vehicle lending with lower interest rates than for personal lending. Business car loans are available for all types of business structures including sole traders, SMEs, partnerships, family business and large corporations. Jade Finance works with all types of business customers to achieve a cost-effective auto finance deal at the cheapest interest rates. To expedite your business vehicle finance deal, simply contact Jade and we’ll handle the process with our smooth, streamlined and efficient service to save you time, hassle and money. **To discuss business vehicle finance contact Jade Finance on 1300 000 008.** --- ### [Equipment Loans](https://jade.finance/equipment-loans) **Published:** July 30, 2023 **Author:** Publisher **Content:** ## Timely Service. Prompt Response. Efficient Process. We operate to both our own and your demanding levels of productivity and efficiency to ensure a streamlined and timely process in securing your equipment finance deal. We minimise the time you need to spend by canvassing all possible options from multiple lenders to present you with preferred solution for your purchase. We handle the paperwork, the negotiations, comparisons and with your own Jade Equipment consultant to liaise with – we eliminate the frustration of waiting for calls to be returned, questions to be answered and emails replied to. We’re working for you, to your deadlines, to your budgets and to meet your expectations. --- ### [Personal Loan Broker](https://jade.finance/personal-loan-broker) **Published:** July 30, 2023 **Author:** Publisher **Content:** ## How lenders decide interest rates Lenders consider various factors to determine interest rates. One significant factor is their risk assessment. Opting for lenders who favor low-risk applicants often leads to lower interest rates. Some lenders, however, are open to considering applicants with lower credit scores. These lenders evaluate applicants based on individual merits rather than solely on credit reports. A steady income and the ability to afford the loan can make it feasible to secure a suitable lender, even with a lower credit score. Generally, a better credit history translates to more favourable interest rates, as lenders typically prefer working with customers perceived as lower risk. Secured loans may offer more favourable rates than unsecured ones. Our Jade representatives can guide you through various options to optimize your loan rates. Choosing Jade for your personal loan needs allows you to find an affordable loan tailored to your financial circumstances. A Jade personal loan broker will collaborate with you to compare and select the most appropriate loan. --- ### [ABN Car Loans](https://jade.finance/business-loans/abn-car-loans) **Published:** August 10, 2023 **Author:** Publisher **Content:** Do you ever question how business proprietors finance vehicles for their operations with such ease? The answer lies in ABN car loans. These tailored loan solutions provide many advantages and serve the distinctive needs of businesses. To uncover more about these types of auto financing, let’s go on an exploration into the world of ABN Car Loans, what is available, as well as key factors to consider when applying for one. ### Short Summary - ABN Car Loans provide businesses with competitive interest rates, flexible repayment options and potential tax advantages. - Eligibility criteria include providing Business Activity Statements, trading history and a credit score to demonstrate financial stability. - Comprehensive car insurance, extended warranties and gap or shortfall insurance are available for protection of ABN car loans. **To discuss ABN [car finance,](https://jade.finance/blog/holiday-planning-last-minute-finance-for-boats-and-caravans-and-new-car-loans) contact Jade and have an obligation-free discussion with one of our consultants. Call 1300 000 008**. --- ### [Rent to Own Car Finance](https://jade.finance/car-loans/rent-to-own-car-finance) **Published:** August 11, 2023 **Author:** Publisher **Content:** We offers the full suite of commercial finance facilities for business vehicle purchases, including Rent to Own or Car Rental Finance. Also known as an Operating Lease, this is an ‘off-balance sheet’ commercial finance product where the car does not appear on the borrower’s balance sheet as an asset/liability. As the lender retains ownership of the car for the term of the loan, it appears on the lender’s balance sheet. The result being of advantage to some businesses. Rent to Own Car Finance can be a very effective finance solution for many businesses and we recommend you discuss your specific requirements with your accountant, or have them contact us to discuss on your behalf. --- ### [Personal Loan Without Bank Statement](https://jade.finance/personal-loans/personal-loan-without-bank-statement) **Published:** May 20, 2024 **Author:** Publisher --- ### [Insurance](https://jade.finance/insurance) **Published:** July 7, 2023 **Author:** Publisher --- ### [Camera Equipment Loans](https://jade.finance/equipment-loans/camera-equipment-loans) **Published:** June 26, 2024 **Author:** Publisher --- ### [ 0% Interest Finance](https://jade.finance/car-loans/0-interest-finance) **Published:** May 15, 2024 **Author:** Publisher --- ### [BMW Financing](https://jade.finance/car-loans/bmw-financing) **Published:** February 12, 2024 **Author:** Publisher --- ### [Audi Car Loans](https://jade.finance/car-loans/audi-car-loans) **Published:** February 19, 2024 **Author:** Publisher --- ### [Unsecured Car Loans](https://jade.finance/car-loans/unsecured-car-loan) **Published:** February 7, 2024 **Author:** Publisher --- ### [Fit Out Finance](https://jade.finance/business-loans/fit-out-finance) **Published:** July 15, 2024 **Author:** Publisher --- ### [No Low Doc Loan](https://jade.finance/business-loans/no-low-doc-loan) **Published:** December 7, 2023 **Author:** Publisher --- ### [Low No Doc Business Loan](https://jade.finance/business-loans/low-no-doc-business-loan) **Published:** October 10, 2023 **Author:** Publisher --- ### [Best Equipment Rates](https://jade.finance/equipment-loans/best-equipment-rates) **Published:** August 13, 2023 **Author:** Publisher **Content:** Your Jade consultant considers that offer and with the backing of our bargaining power and expert skills, negotiates the interest rate offered down to – the best interest rate. Jade Finance is accredited with all major Australian banks including the big four: Westpac, ANZ, CBA, NAB. If you have strategic reasons for wanting your bank to finance your equipment loan, your Jade Finance consultant is quite prepared to handle the negotiations on your behalf to secure the best equipment interest rate for you. Jade Finance provides the cheapest interest rates on [equipment finance](https://jade.finance/equipment-loans/small-business-equipment-loans "Small Business Equipment Loans") to support businesses achieve their productivity and profitability targets. The acquisition of equipment is a major investment with the cost/benefit analysis based on projected output. But your ROI expectations may not be achieved if you settle for high interest rates on your finance deals. A small percentage difference in the interest rate can become a sizeable outlay over the term of a loan. An outlay which can seriously impact your expected performance for that equipment. To secure the best interest rate on your [business loan](https://jade.finance/business-loans/unsecured-business-loans "Unsecured Business Loans") you need to work with a specialist in equipment finance. Jade Finance is a specialist in all aspects of commercial finance with particular expertise in loans for equipment across all industry sectors. We completely understand and respect that your equipment purchase is a major business investment and we focus on achieving you the cheapest interest rate a critical component of the overall loan. --- ### [Agricultural Loans](https://jade.finance/equipment-loans/agricultural-loans) **Published:** August 13, 2023 **Author:** Publisher **Content:** Many agricultural businesses feel they are locked into dealing just with their major banking partner. We understand that can lead to frustration, annoyance and disappointment for many people. Jade eases those issues by handling the discussions with your bank on your behalf. We can also investigate alternatives from our other lenders, to provide a better way forward with cheaper agricultural loans. With our superior negotiating skills and strong bargaining power, Jade Finance has an impressive record of success in sourcing workable, cheaper loans for our agricultural customers. All conversations are confidential and your consultant will not discuss or share your information, or proceed with any applications without your consent. After listening to your requirements, we will source you a no-obligation loan quote which is tailored specifically to those requirements. On acceptance of our quote, your Jade consultant will handle all the paperwork and discussions with the lender on your behalf. Jade Finance is committed to supporting Australian agricultural businesses with exceptional loans which empower you to capture and capitalise on opportunities and overcome challenges. **Speak with a Jade Finance Consultant to discuss your agricultural loan requirements. Call 1300 000 008**. --- ### [Commercial Hire Purchase](https://jade.finance/business-loans/commercial-hire-purchase) **Published:** October 26, 2023 **Author:** Publisher --- ### [Chattel Mortgage](https://jade.finance/business-loans/chattel-mortgage) **Published:** June 25, 2024 **Author:** Publisher --- ### [Inventory Finance](https://jade.finance/business-loans/inventory-finance) **Published:** July 12, 2024 **Author:** Publisher --- ### [Business Loan Rates](https://jade.finance/business-loans/business-loan-rates) **Published:** October 17, 2023 **Author:** Publisher --- ### [Asset Leasing](https://jade.finance/business-loans/leasing) **Published:** June 25, 2024 **Author:** Publisher --- ### [Business Loan Broker](https://jade.finance/business-loans/business-loan-broker) **Published:** July 30, 2023 **Author:** Publisher --- ### [Secured Caravan Loans](https://jade.finance/caravan-loans/secured-caravan-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Harvesting Machinery Loans](https://jade.finance/equipment-loans/harvesting) **Published:** June 24, 2024 **Author:** Publisher --- ### [Gym Equipment Finance](https://jade.finance/equipment-loans/gym-fitness-equipment-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Forestry Equipment Loans](https://jade.finance/equipment-loans/forestry-equipment-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Farm Equipment Loans](https://jade.finance/equipment-loans/farm-equipment-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Excavator Finance](https://jade.finance/equipment-loans/excavator-finance) **Published:** June 24, 2024 **Author:** Publisher --- ### [Equipment Leasing](https://jade.finance/equipment-loans/equipment-leasing) **Published:** July 15, 2024 **Author:** Publisher --- ### [Equipment Loan Broker](https://jade.finance/equipment-loans/equipment-finance-broker) **Published:** August 14, 2023 **Author:** Publisher --- ### [Earthmoving Equipment Loans](https://jade.finance/equipment-loans/earthmoving-equipment-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Dental Equipment Loans](https://jade.finance/equipment-loans/dental-equipment-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Construction Equipment Loans](https://jade.finance/equipment-loans/construction-equipment-loans) **Published:** June 21, 2024 **Author:** Publisher --- ### [Crane Finance](https://jade.finance/equipment-loans/crane-loans) **Published:** June 21, 2024 **Author:** Publisher --- ### [No Deposit Truck Finance](https://jade.finance/truck-loans/no-deposit-truck-finance) **Published:** October 27, 2023 **Author:** Publisher --- ### [Novated Car Leasing by Salary Sacrifice](https://jade.finance/car-loans/novated-car-leasing-salary-sacrificing) **Published:** August 11, 2023 **Author:** Publisher **Content:** By definition, a novated lease means that one obligation is novated or replaced by another obligation or another party. The obligation of the car lease is novated from employee to employer. Novated Car Leasing with Salary Sacrificing involves a financial agreement between employee and employer in conjunction with the lender, in regard to a car purchase. For more information if you qualify for a Salary Sacrifice Package visit Most banks and lenders offer Novated Car Lease as part of their commercial financing options. But only experienced brokers like Jade Finance can source you a Novated Lease quote after considering the offers from a vast selection of banks and lenders. We’re not limited to just one interest rate or one lease structure. Jade Finance presents you with the best Novated Car Lease deal that the market has to offer, structured to suit your individual requirements and based on the cheapest interest rates. **Speak with a Jade Finance Consultant to discuss Novated Car Leasing with Salary Sacrificing for your business vehicle purchase. Call 1300 000 008**. --- ### [Chattel Car Mortgage](https://jade.finance/business-loans/chattel-car-mortgage) **Published:** August 11, 2023 **Author:** Publisher **Content:** We provide tailored Chattel Car Mortgage, at the cheapest interest rates, for the purchase of motor vehicles for business use. Chattel Mortgage is one of our most popular commercial finance products as many Australian businesses implement a cash accounting method – small owner-operators, SMEs and large corporations. Chattel Mortgage is a highly effective and flexible finance product for the purchase of a single vehicle or an entire fleet, purchased new or used, from a dealer, auction house or from a private seller. It can also be used to refinance a balloon, residual or buy back or another loan contract. Your Jade Finance consultant will work closely with you to understand your financial objectives and structure your Chattel Mortgage to meet your specific requirements. --- ### [Personal Loan Interest Rates](https://jade.finance/personal-loans/best-personal-loan-interest-rates) **Published:** August 11, 2023 **Author:** Publisher **Content:** The interest rate is a major component of a personal loan. Not the only element to consider but probably the most important. Jade Finance has built an envied reputation in the personal loan sector by consistently delivering cheap interest rates for our customers across Australia. How we continue to achieve such impressive results is due to a combination of factors. For more information on interest rates, personal credit profiles, and how you can improve your profile, please refer to our Blog articles or just pick up the phone and speak with a Jade Finance consultant. **[Speak with a Jade Finance Consultant](tel:1300000008) to discuss your personal loan requirements.** --- ### [Best Business Loan Interest Rates](https://jade.finance/business-loans/best-business-loan-interest-rates) **Published:** October 5, 2023 **Author:** Publisher --- ### [Computer Finance](https://jade.finance/equipment-loans/computer-loans) **Published:** June 21, 2024 **Author:** Publisher --- ### [CNC Loans](https://jade.finance/equipment-loans/cnc-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Catering Equipment Loans](https://jade.finance/equipment-loans/catering-equipment-loans) **Published:** June 21, 2024 **Author:** Publisher --- ### [Brewery Equipment Loans](https://jade.finance/equipment-loans/brewery-equipment-loans) **Published:** June 21, 2024 **Author:** Publisher --- ### [Bobcat Loans](https://jade.finance/equipment-loans/bobcat-loans) **Published:** June 21, 2024 **Author:** Publisher --- ### [Bakery Equipment Loans](https://jade.finance/equipment-loans/bakery-equipment-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Agriculture Equipment Loans](https://jade.finance/equipment-loans/agriculture-equipment-loans) **Published:** June 21, 2024 **Author:** Publisher --- ### [Equipment Loan Funding](https://jade.finance/equipment-loans/equipment-loan-funding) **Published:** May 7, 2024 **Author:** Publisher --- ### [What is FBT?](https://jade.finance/what-is-fbt) **Published:** May 17, 2024 **Author:** Publisher --- ### [Loan Protection Insurance](https://jade.finance/insurance/loan-protection-insurance) **Published:** July 30, 2023 **Author:** Publisher --- ### [Car Insurance](https://jade.finance/insurance/car-insurance) **Published:** July 30, 2023 **Author:** Publisher --- ### [Truck Trailer Loans](https://jade.finance/truck-loans/truck-trailer-loans) **Published:** June 27, 2024 **Author:** Publisher --- ### [Truck Repair Finance](https://jade.finance/truck-loans/truck-repair-finance) **Published:** June 27, 2024 **Author:** Publisher --- ### [Truck Refinancing](https://jade.finance/truck-loans/truck-refinancing) **Published:** June 27, 2024 **Author:** Publisher --- ### [Truck Loan Refinance](https://jade.finance/truck-loans/truck-loan-refinance) **Published:** June 26, 2024 **Author:** Publisher --- ### [Truck Loan Broker](https://jade.finance/truck-loans/truck-loan-broker) **Published:** August 14, 2023 **Author:** Publisher **Content:** Jade Finance is an independent finance broker, operating Australia-wide, providing the full range of truck loan options: Chattel Mortgage, Truck Leasing, Truck Rent to Own, CHP. Our services are available to all sized businesses –single-vehicle owner-operators, medium sized businesses and large scale fleet operators – for the purchase of one truck or an entire fleet. Jade Finance consultants are highly trained and fully licensed finance professionals which is your assurance of integrity, competence and expertise. Jade Finance is a member of FBAA and signed to their Code of Ethics, overseen by the Credit Ombudsman Service Ltd. Jade Finance provides better truck loans to customers in all parts of Australia, for new and used vehicles purchased from dealers, at auction and through private sellers or online marketplaces. For the best truck loan, just put in a call to Jade Finance and it will all be handled for you. **Speak with a Jade Finance Consultant to discuss your truck loan requirements. [Call 1300 000 008](tel:1300000008)**. --- ### [Truck Leasing](https://jade.finance/truck-loans/truck-lease) **Published:** June 26, 2024 **Author:** Publisher --- ### [Truck Finance Interest Rates](https://jade.finance/truck-loans/truck-finance-interest-rates) **Published:** October 27, 2023 **Author:** Publisher --- ### [Truck Finance Australia](https://jade.finance/truck-loans/truck-finance-australia) **Published:** July 23, 2024 **Author:** Publisher --- ### [Best Semi Truck Financing](https://jade.finance/truck-loans/semi-truck-loans) **Published:** October 26, 2023 **Author:** Publisher --- ### [Scania Truck Finance](https://jade.finance/truck-loans/scania-truck-finance) **Published:** July 23, 2024 **Author:** Publisher --- ### [Rent-to-Own Truck Finance](https://jade.finance/truck-loans/rent-to-own-truck-finance) **Published:** June 26, 2024 **Author:** Publisher --- ### [New Business Truck Loans](https://jade.finance/truck-loans/new-business-truck-finance) **Published:** June 26, 2024 **Author:** Publisher --- ### [Mercedes Truck Finance](https://jade.finance/truck-loans/mercedes-truck-finance) **Published:** July 23, 2024 **Author:** Publisher --- ### [Mack Truck Finance](https://jade.finance/truck-loans/mack-truck-loans) **Published:** July 23, 2024 **Author:** Publisher --- ### [Kenworth Truck Finance](https://jade.finance/truck-loans/kenworth-truck-finance) **Published:** July 23, 2024 **Author:** Publisher --- ### [Isuzu Truck Finance](https://jade.finance/truck-loans/isuzu-truck-finance) **Published:** July 23, 2024 **Author:** Publisher --- ### [Hino Truck Finance](https://jade.finance/truck-loans/hino-truck-finance) **Published:** July 23, 2024 **Author:** Publisher --- ### [Fuso Truck Finance](https://jade.finance/truck-loans/fuso-truck-finance) **Published:** July 23, 2024 **Author:** Publisher --- ### [Commercial Van Finance](https://jade.finance/truck-loans/commercial-van-finance) **Published:** June 25, 2024 **Author:** Publisher --- ### [Commercial Truck Loans](https://jade.finance/truck-loans/commercial-truck-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Bus and Coaster Loans](https://jade.finance/truck-loans/bus-coaster-loans) **Published:** June 26, 2024 **Author:** Publisher --- ### [Bad Credit Truck Loans](https://jade.finance/truck-loans/bad-credit-truck-loans) **Published:** October 26, 2023 **Author:** Publisher --- ### [Used Boat Loans](https://jade.finance/boat-loans/used-boat-loans) **Published:** July 22, 2024 **Author:** Publisher --- ### [Unsecured Boat Loans](https://jade.finance/boat-loans/unsecured-boat-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Secured Boat Loans](https://jade.finance/boat-loans/secured-boat-loan) **Published:** July 9, 2024 **Author:** Publisher --- ### [Boat Loan Refinancing](https://jade.finance/boat-loans/refinancing) **Published:** June 24, 2024 **Author:** Publisher --- ### [No Doc Low Doc](https://jade.finance/boat-loans/no-doc-low-doc) **Published:** July 16, 2024 **Author:** Publisher --- ### [New Boat Loans](https://jade.finance/boat-loans/new-boat-loans) **Published:** July 9, 2024 **Author:** Publisher --- ### [Low Doc Boat Finance](https://jade.finance/boat-loans/low-doc-boat-finance) **Published:** July 15, 2024 **Author:** Publisher --- ### [Commercial Hire Purchase](https://jade.finance/boat-loans/commercial-hire-purchase) **Published:** August 1, 2024 **Author:** Publisher --- ### [Commercial Boat Finance](https://jade.finance/boat-loans/commercial-boat-finance) **Published:** July 15, 2024 **Author:** Publisher --- ### [Boat Finance Quote](https://jade.finance/boat-loans/boat-finance-quote) **Published:** July 15, 2024 **Author:** Publisher --- ### [Boat Chattel Mortgage](https://jade.finance/boat-loans/boat-chattel-mortgage) **Published:** June 27, 2024 **Author:** Publisher --- ### [Bad Credit Boat Loan](https://jade.finance/boat-loans/bad-credit-boat-loans) **Published:** June 27, 2024 **Author:** Publisher --- ### [Working Capital Loans](https://jade.finance/business-loans/working-capital-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Unsecured Business Loans](https://jade.finance/business-loans/unsecured-business-loans) **Published:** August 14, 2023 **Author:** Publisher --- ### [Start-Up Business Loans](https://jade.finance/business-loans/start-up-business-loan) **Published:** May 7, 2024 **Author:** Publisher --- ### [Sole Trader Loans](https://jade.finance/business-loans/sole-trader-loans) **Published:** October 5, 2023 **Author:** Publisher --- ### [Sole Trader Car Loans](https://jade.finance/business-loans/sole-trader-car-loans) **Published:** November 28, 2023 **Author:** Publisher --- ### [Small Business Car Loans](https://jade.finance/business-loans/small-business-car-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Self Employed Car Loans](https://jade.finance/business-loans/self-employed-car-loan) **Published:** June 25, 2024 **Author:** Publisher --- ### [New Business Car Loan](https://jade.finance/business-loans/new-business-car-loan) **Published:** March 25, 2024 **Author:** Publisher --- ### [Finance Existing Business](https://jade.finance/business-loans/finance-existing-business) **Published:** July 16, 2024 **Author:** Publisher --- ### [Commercial Solar Loans](https://jade.finance/business-loans/commercial-solar-loans) **Published:** July 23, 2024 **Author:** Publisher --- ### [Commercial Loans](https://jade.finance/business-loans/commercial-loans) **Published:** August 14, 2023 **Author:** Publisher --- ### [Commercial Hire Purchase Motor Vehicles](https://jade.finance/business-loans/commercial-hire-purchase-motor-vehicles) **Published:** August 11, 2023 **Author:** Publisher **Content:** You may have come to our website for information on Commercial Hire Purchase, but we also achieves some of the [best car loan rates](/car-loans/car-loan-interest-rates) across a wide portfolio of finance products. This chart displays the current interest rates on different loan types, subject to conditions as noted. For an estimated repayment on the loan you are considering, enter the loan amount and term and see the result instantly for each category. For a specific quote, **call us on 1300 000 008**. By definition, CHP involves the lender purchasing the motor vehicle on behalf of the borrower and hiring it back to the borrower at the pre-set and fixed monthly payment. The borrower has full use the vehicle for the term of the loan but the lender holds ownership title until all payments are finalised. The borrower is responsible for all ongoing expenses of the car during the loan term. --- ### [Commercial Business Car Loans](https://jade.finance/business-loans/commercial-business-car-loans) **Published:** October 27, 2023 **Author:** Publisher --- ### [Apply for a Business Loan](https://jade.finance/business-loans/apply-for-business-loan) **Published:** October 10, 2023 **Author:** Publisher --- ### [ABN Business Loans](https://jade.finance/business-loans/abn-loans) **Published:** October 13, 2023 **Author:** Publisher --- ### [Unsecured Motorbike Loans](https://jade.finance/bike-loans/unsecured-motorbike-finance) **Published:** July 23, 2024 **Author:** Publisher --- ### [Secured Motorcycle Loans](https://jade.finance/bike-loans/secured-motorcycle-loans) **Published:** August 16, 2023 **Author:** Publisher --- ### [Motorcycle Finance](https://jade.finance/bike-loans/motorcycle-finance) **Published:** July 30, 2023 **Author:** Publisher **Content:** Jade Finance makes owning a motor bike for the first time, upgrading to a new model or adding a new motor cycle to your collection an easy-riding process with our cheap interest rate bike loans. If your leisure plans include touring on a classic motorcycle, venturing off-road with mates on your all-terrain bikes, competing on your sports racer or just collecting and restoring classic models from the past, your Jade consultant will craft a motorcycle loan to suit you and your ride. Our cheap interest rates are legendary across the bike circuit and we’re not putting the brakes on securing our customers the best motorcycle finance deals at the best interest rates, anytime soon. We can achieve these cheap rates because we have accreditation with more banks and lenders. That’s more options, more offers and more deals for our sharp consultants to tune down to the lowest possible rates. Having direct access to specialists in bike finance is important as it means the lender knows the motorbike market, has confidence to lend in the sector and is open to wheeling and dealing on rates, terms and conditions. If a lender does not offer specialist loans, chances are their offers will be priced higher. --- ### [Motorbike Loan Broker](https://jade.finance/bike-loans/motorbike-loan-broker) **Published:** July 23, 2024 **Author:** Publisher --- ### [Motorbike Finance Rates](https://jade.finance/bike-loans/motorbike-finance-rates) **Published:** July 23, 2024 **Author:** Publisher --- ### [Low Documentation Motorbike Loans](https://jade.finance/bike-loans/low-doc-motorbike-loans) **Published:** July 23, 2024 **Author:** Publisher --- ### [Wedding Finance](https://jade.finance/personal-loans/wedding-finance) **Published:** June 25, 2024 **Author:** Publisher --- ### [Plastic Surgery Loans](https://jade.finance/personal-loans/plastic-surgery-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Medical Loans](https://jade.finance/personal-loans/medical-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [No Deposit Caravan Finance](https://jade.finance/caravan-loans/no-deposit-caravan-finance) **Published:** June 26, 2024 **Author:** Publisher --- ### [Caravan Interest Rates](https://jade.finance/caravan-loans/caravan-interest-rates) **Published:** August 2, 2024 **Author:** Publisher --- ### [How Much Can I Borrow with Personal Loan?](https://jade.finance/personal-loans/how-much-can-i-borrow-personal-loan) **Published:** May 21, 2024 **Author:** Publisher --- ### [Loan Health Care Check](https://jade.finance/loan-health-care-check) **Published:** June 26, 2024 **Author:** Publisher --- ### [Contact Us](https://jade.finance/contact-us) **Published:** July 7, 2023 **Author:** Publisher --- ### [Compare Finance Interest Rates](https://jade.finance/compare-finance-interest-rates) **Published:** May 7, 2024 **Author:** Publisher --- ### [What Happens when Novated Lease ends?](https://jade.finance/car-loans/what-happens-when-novated-lease-ends) **Published:** May 15, 2024 **Author:** Publisher --- ### [Car Loan vs Personal Loan](https://jade.finance/car-loans/car-loan-vs-personal-loan) **Published:** May 16, 2024 **Author:** Publisher --- ### [Toyota Car Loans](https://jade.finance/car-loans/toyota-car-loans) **Published:** February 12, 2024 **Author:** Publisher --- ### [Tesla Finance](https://jade.finance/car-loans/tesla-car-loans) **Published:** October 26, 2023 **Author:** Publisher --- ### [Novated Lease Residual Values](https://jade.finance/car-loans/novated-lease-residual-values) **Published:** May 15, 2024 **Author:** Publisher --- ### [Nissan Financing](https://jade.finance/car-loans/nissan) **Published:** March 28, 2024 **Author:** Publisher --- ### [Mazda Finance](https://jade.finance/car-loans/mazda) **Published:** March 28, 2024 **Author:** Publisher --- ### [Low Doc Car Finance](https://jade.finance/car-loans/low-doc-car-loan) **Published:** August 11, 2023 **Author:** Publisher --- ### [Green Car Loans](https://jade.finance/car-loans/green-car-loans) **Published:** October 26, 2023 **Author:** Publisher --- ### [Discharged Bankrupt Car Loans](https://jade.finance/car-loans/discharged-bankrupt-car-loans) **Published:** May 15, 2024 **Author:** Publisher --- ### [Best Car Loan Rates](https://jade.finance/car-loans/car-loan-interest-rates) **Published:** August 10, 2023 **Author:** Publisher --- ### [Ford Car Finance](https://jade.finance/car-loans/ford-car-finance) **Published:** February 12, 2024 **Author:** Publisher --- ### [Tractor Loans](https://jade.finance/equipment-loans/tractor) **Published:** June 24, 2024 **Author:** Publisher --- ### [Spraying Equipment Finance](https://jade.finance/equipment-loans/spraying) **Published:** June 24, 2024 **Author:** Publisher --- ### [Restaurant Kitchen Equipment Loans](https://jade.finance/equipment-loans/restaurant-kitchen-equipment-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Plant and Machinery Loans](https://jade.finance/equipment-loans/plant-machinery-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Office Equipment Loans](https://jade.finance/equipment-loans/office-equipment-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Mining Equipment Loans](https://jade.finance/equipment-loans/mining-equipment-loans) **Published:** June 26, 2024 **Author:** Publisher --- ### [Medical Equipment Loans](https://jade.finance/equipment-loans/medical-equipment-loans) **Published:** June 26, 2024 **Author:** Publisher --- ### [Manufacturing Equipment Loans](https://jade.finance/equipment-loans/manufacturing-equipment-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Low Doc Equipment Loans](https://jade.finance/equipment-loans/low-doc-equipment-loans) **Published:** July 12, 2024 **Author:** Publisher --- ### [Logging Equipment Loans](https://jade.finance/equipment-loans/logging-equipment-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [IT Equipment Loans](https://jade.finance/equipment-loans/it-equipment-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Irrigation Equipment Finance](https://jade.finance/equipment-loans/irrigation-equipment) **Published:** June 24, 2024 **Author:** Publisher --- ### [Healthcare Equipment Loans](https://jade.finance/equipment-loans/healthcare-equipment-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Hay and Silage Equipment Finance](https://jade.finance/equipment-loans/hay-and-silage) **Published:** June 26, 2024 **Author:** Publisher --- ### [Farm Agriculture Business Loans](https://jade.finance/equipment-loans/farm-agriculture-business-loans) **Published:** October 26, 2023 **Author:** Publisher --- ### [Equipment Loan Interest Rates](https://jade.finance/equipment-loans/equipment-loan-interest-rates) **Published:** June 24, 2024 **Author:** Publisher --- ### [Aircraft Finance](https://jade.finance/equipment-loans/aircraft-finance) **Published:** August 13, 2023 **Author:** Publisher --- ### [Secured Car Finance](https://jade.finance/car-loans/secured-car-finance) **Published:** February 5, 2024 **Author:** Publisher --- ### [No Credit Car Loans](https://jade.finance/car-loans/no-credit-car-loans) **Published:** February 7, 2024 **Author:** Publisher --- ### [New Car Finance](https://jade.finance/car-loans/new-car-finance) **Published:** February 6, 2024 **Author:** Publisher --- ### [Electric Car Loans](https://jade.finance/car-loans/ev-electric-car-loans) **Published:** March 28, 2024 **Author:** Publisher --- ### [Disadvantages of Novated Leasing](https://jade.finance/car-loans/disadvantages-of-novated-leasing) **Published:** May 16, 2024 **Author:** Publisher --- ### [Car Refinancing](https://jade.finance/car-loans/car-refinancing) **Published:** February 6, 2024 **Author:** Publisher --- ### [Car Leasing](https://jade.finance/car-loans/car-leasing) **Published:** August 10, 2023 **Author:** Publisher --- ### [Debtor Invoice Funding](https://jade.finance/business-loans/debtor-invoice-funding) **Published:** August 14, 2023 **Author:** Publisher **Content:** Apart from the cashflow implications which can delay or prevent investments the process can be a vicious circle which prevents you paying your suppliers which causes both you and your suppliers more problems. Jade Finance works with businesses to reduce or eliminate the problem of debtor payment with solutions to better manage cash flow. A very specialised area of finance, the process involved with establishing Debtor Invoice Funding is based on the unique circumstances of individual businesses and may vary across the lenders that are active in this field. Your Jade Finance consultant will work closely with you throughout, explaining each step, providing complete details and sourcing you an offer that works for you. --- ### [Construction Loans](https://jade.finance/business-loans/construction-loans) **Published:** May 7, 2024 **Author:** Publisher --- ### [Commercial Business Car Loan Rates](https://jade.finance/business-loans/commercial-business-car-loan-rates) **Published:** March 25, 2024 **Author:** Publisher --- ### [Business Loans Australia](https://jade.finance/business-loans/business-loans-australia) **Published:** December 20, 2023 **Author:** Publisher --- ### [Business Line of Credit ](https://jade.finance/business-loans/business-line-of-credit) **Published:** June 26, 2024 **Author:** Publisher --- ### [Business Finance Bad Credit](https://jade.finance/business-loans/business-finance-bad-credit) **Published:** August 14, 2023 **Author:** Publisher **Content:** By using the services of a finance brokers such as Jade Finance, businesses with bad credit have a highly experienced finance professional negotiating with banks and lenders on their behalf. Professionals with the expertise and wide industry contacts to access workable finance for businesses with bad credit. There is no obligation to accept any offers we make to you, so contacting Jade Finance really is a win-win for businesses with bad credit. **Speak with a Jade Finance Consultant to discuss the options for Businesses with Bad Credit. Call 1300 000 008.** --- ### [Travel Finance](https://jade.finance/personal-loans/travel-finance) **Published:** March 1, 2024 **Author:** Publisher --- ### [Secured Personal Loans](https://jade.finance/personal-loans/secured-personal-loans) **Published:** May 20, 2024 **Author:** Publisher --- ### [Refinance a Personal Loan](https://jade.finance/personal-loans/refinance-personal-loan) **Published:** June 24, 2024 **Author:** Publisher --- ### [Pool Finance](https://jade.finance/personal-loans/pool-finance) **Published:** June 25, 2024 **Author:** Publisher --- ### [Personal Loan for the Self-Employed](https://jade.finance/personal-loans/personal-loan-for-self-employed) **Published:** May 20, 2024 **Author:** Publisher --- ### [Personal Loan Application](https://jade.finance/personal-loans/personal-loan-apply) **Published:** July 16, 2024 **Author:** Publisher --- ### [Personal Debt Consolidation](https://jade.finance/personal-loans/personal-debt-consolidation) **Published:** August 11, 2023 **Author:** Publisher **Content:** Consolidating your debt can be an effective strategy to move forward in achieving your financial goals and in life generally. If your debts are holding you back, then consolidation could be a way forward for you. The process involves combining all or some of the loans and other debts you have, into the one single loan to simplify and streamline your financial life. If you’re currently juggling multiple monthly repayments on multiple debts, rolling them into the one monthly payment can ease pressure on your budget and the time you spend attending to your personal finance requirements. Jade Finance consultants are highly trained, fully licensed financial professionals who are ideally qualified to assist you with Personal Debt Consolidation. --- ### [Low Doc Personal Loans](https://jade.finance/personal-loans/low-doc-personal-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Home Renovation Loans](https://jade.finance/personal-loans/home-renovation-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Bad Credit Personal Loans](https://jade.finance/personal-loans/bad-credit-personal-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Used Caravan Loans](https://jade.finance/caravan-loans/used-caravan-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Unsecured Caravan Finance](https://jade.finance/caravan-loans/unsecured-caravan-finance) **Published:** June 25, 2024 **Author:** Publisher --- ### [RV Loans](https://jade.finance/caravan-loans/rv-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Low Doc Caravan Loans](https://jade.finance/caravan-loans/low-doc-caravan-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Motorhome Loans](https://jade.finance/caravan-loans/motorhome-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [New Caravan Finance](https://jade.finance/caravan-loans/new-caravan-finance) **Published:** July 16, 2024 **Author:** Publisher --- ### [Caravan Lease](https://jade.finance/caravan-loans/caravan-lease) **Published:** July 16, 2024 **Author:** Publisher --- ### [Camper Trailer Loans](https://jade.finance/caravan-loans/camper-trailer-loans) **Published:** August 14, 2023 **Author:** Publisher **Content:** ## Australia-wide Loan Service Our camper trailer loans are available for new and used vehicles, purchased from a dealer, a private seller or even through an auction house. If you are purchasing at auction or through an online marketplace, ask your Jade consultant to arrange a pre-approved loan so you are completely sorted before you start bidding. At the close of the auction or fall of the hammer, you’ll be ready to finalise your purchase quickly and easily. Your consultant will handle the paperwork to save you time and hassle. Jade Finance is an Australian-owned company operating across the country. So if you’re purchasing a camper trailer from interstate, we can assist not only with a great camper trailer loan but with other issues including REVs, checking for encumbrances, rego requirements in other states and insurance. **Get your camper trailer adventure off to a great start with a Jade Finance camper trailer loan. Call and speak with one our consultants about your requirements. Call 1300 000 008**. --- ### [Hyundai Finance](https://jade.finance/car-loans/hyundai) **Published:** March 28, 2024 **Author:** Publisher --- ### [Classic Car Loans](https://jade.finance/car-loans/classic-car-loans) **Published:** February 12, 2024 **Author:** Publisher --- ### [Bad Credit Novated Lease](https://jade.finance/car-loans/bad-credit-novated-lease) **Published:** March 28, 2024 **Author:** Publisher --- ### [Car Loans With Bad Credit](https://jade.finance/car-loans/bad-credit-car-loans) **Published:** August 10, 2023 **Author:** Publisher --- ### [Veterinary Equipment Loans](https://jade.finance/equipment-loans/veterinary-equipment-loans) **Published:** June 26, 2024 **Author:** Publisher --- ### [Start-Up Business Equipment Loans](https://jade.finance/equipment-loans/start-up-equipment-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Small Business Equipment Loans](https://jade.finance/equipment-loans/small-business-equipment-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Equipment Hire Purchase](https://jade.finance/equipment-loans/equipment-hire-purchase) **Published:** July 15, 2024 **Author:** Publisher --- ### [Novated Lease vs Car Loan](https://jade.finance/car-loans/novated-lease-vs-car-loan) **Published:** May 3, 2024 **Author:** Publisher --- ### [No Doc Car Loans](https://jade.finance/car-loans/no-doc-car-loans) **Published:** August 11, 2023 **Author:** Publisher **Content:** No Doc Car Loans is a loan type which is quite widely advertised, most often by some finance companies and banks. The doc refers to documents, or more specifically financial documents by way of business accounts. The type of information that is universally accepted as standard inclusions on business credit applications. Meeting the strict motor loan criteria and guidelines of most major banks and many other finance companies can be challenging for small businesses and those starting up a new enterprise. The standard requirements for business vehicle finance include providing business accounts, income tax returns, BAS statements and profit and loss statements. If you don’t have sufficient documentation you may have your loan application rejected. But there are options – No Doc Car Loan. Jade Finance provides services to source no docs car finance options on behalf of our customers. We have the capability to source this type of specialist loan as we are accredited with many non-bank lenders. These are lenders that do not have all the restrictions of banks and as such can be more flexible in their lending guidelines. As your lender, we open up these more exclusive finance channels as possible pathways to a workable no docs financing solution for your business. Your Jade consultant will handle the entire loan process, representing you to our lending panel and negotiating the most cost-effective outcome for your lending product. All no doc loan deals are individually addressed and assessed and always subject to individual lender requirements. --- ### [Industrial Machinery Loans](https://jade.finance/equipment-loans/industrial-machinery-loans) **Published:** July 15, 2024 **Author:** Publisher --- ### [Tillage and Seeding Machinery Finance](https://jade.finance/equipment-loans/tillage-and-seeding) **Published:** June 24, 2024 **Author:** Publisher --- ### [Laundry Equipment Loans](https://jade.finance/equipment-loans/laundry-equipment-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Heavy Equipment Loans](https://jade.finance/equipment-loans/heavy-equipment-loans) **Published:** June 24, 2024 **Author:** Publisher --- ### [Used Car Novated Lease](https://jade.finance/car-loans/used-car-novated-lease) **Published:** March 28, 2024 **Author:** Publisher --- ### [Used Car Finance](https://jade.finance/car-loans/used-car-finance) **Published:** February 5, 2024 **Author:** Publisher --- ### [Private Sales Car Loans](https://jade.finance/car-loans/private-sales-car-loans) **Published:** May 15, 2024 **Author:** Publisher --- ### [Personal Car Loans](https://jade.finance/car-loans/personal-secured-car-loans) **Published:** August 10, 2023 **Author:** Publisher **Content:** Your Jade Finance consultant has the experience, negotiating skills, expertise and bargaining power to secure you a cheaper car loan. No cookie-cutter, tick boxes car loans with Jade. We know how to present the most positive aspects of your application so you receive the cheapest offer and we tailor the secured car loan to suit your requirements. Trying to decide how much you’ll pay for the car you want? Use our online calculator for a repayment estimate. You can use if for as many cars as you’d like to compare. **Speak with a Jade Finance Consultant to discuss a secured car loan for your car purchase.** [**Call 1300 000 008**](tel:1300000008). --- ### [Adelaide Finance Brokers](https://jade.finance/adelaide-finance-broker) **Published:** August 21, 2024 **Author:** Publisher --- ### [Melbourne Finance Brokers](https://jade.finance/melbourne-finance-broker) **Published:** August 22, 2024 **Author:** Publisher --- ### [Brisbane Finance Brokers](https://jade.finance/brisbane-finance-broker) **Published:** August 22, 2024 **Author:** Publisher --- ### [Darwin Finance Brokers](https://jade.finance/darwin-finance-broker) **Published:** August 22, 2024 **Author:** Publisher --- ### [Perth Finance Brokers](https://jade.finance/perth-finance-broker) **Published:** August 22, 2024 **Author:** Publisher --- ### [Canberra Finance Brokers](https://jade.finance/canberra-finance-broker) **Published:** August 22, 2024 **Author:** Publisher --- ### [Sydney Finance Brokers](https://jade.finance/sydney-finance-broker) **Published:** August 22, 2024 **Author:** Publisher --- ### [Gold Coast Finance Brokers](https://jade.finance/gold-coast-finance-broker) **Published:** August 22, 2024 **Author:** Publisher --- ### [Insurance Premium Funding](https://jade.finance/insurance/insurance-premium-funding) **Published:** August 13, 2023 **Author:** Publisher **Content:** Depending on your industry sector and the type of insurance, premiums from around $5,000 up to $1m+ may be financed by IPF. Paying large premiums by instalments throughout the year to the lender rather than the insurer, for an interest fee. As with all our commercial finance products, your Jade consultant will negotiate the best interest rate and terms for your IPF. Businesses can retain their full insurance coverage to minimise exposure to risk, while improving cash flow via an easy to implement strategy. Issues such as tax deductibility should be addressed by your accountant or financial controller. If your business growth plans have been stymied and burdened by large insurance premiums for years, this could be your light bulb moment. Contact Jade Finance and see what our consultants can offer to ease that burden and support your business. **Speak with a Jade Finance Consultant to discuss your unsecured business loan requirements. Call 1300 000 008**. --- ### [Chattel Mortgage vs Hire Purchase](https://jade.finance/business-loans/chattel-mortgage-vs-hire-purchase) **Published:** June 26, 2024 **Author:** Publisher --- ### [Caravan Refinancing](https://jade.finance/caravan-loans/caravan-refinance) **Published:** June 24, 2024 **Author:** Publisher --- ### [Business Overdraft](https://jade.finance/business-loans/business-overdraft) **Published:** August 14, 2023 **Author:** Publisher **Content:** Instead of using your traditional transaction bank, the Jade service negotiates with non-bank lenders to facilitate an overdraft for your business. This is a specialist lending area and the lenders that are active in the space are not usually well-known or available directly to customers. This is essentially industry-only access and Jade Finance can make it accessible to you. In the same way we approach other commercial finance applications, your Jade Finance consultant will discuss your specific requirements and get a thorough understanding of your business. With expertise across all areas of finance, we structure an overdraft solution that meets those requirements. The solution may be lender finance only or a combination of a financial product in conjunction with lender finance. Interest is charged by the lender on the funds you draw against and your Jade consultant will negotiate the best rate on your behalf. One key benefit of Business Overdraft is that most lenders don’t usually require security in the form of property against the funds. Another alternative to having Jade Finance source you a non-bank Business Overdraft is to engage an expert Jade consultant to negotiate a better interest rate on your overdraft with your existing bank. It’s an astute move to investigate all your options in regard to your business finance and Jade Finance are the right people to outline all available options for you. **Speak with a Jade Finance Consultant to discuss your Business Overdraft requirements. Call 1300 000 008**. --- ### [SME Small Business Loans](https://jade.finance/business-loans/sme-small-business-loans) **Published:** October 11, 2023 **Author:** Publisher --- ### [Bad Credit Leisure Loans](https://jade.finance/personal-loans/bad-credit-leisure-loans) **Published:** August 14, 2023 **Author:** Publisher **Content:** ## Positive Attitude, Constructive Outcomes Jade Finance has an impressive track record of achievement in securing bad credit loans for many people. We have worked with people from all walks of life, in a multitude of circumstances to arrive at workable solutions so they can finalise their purchase with a great loan deal. Our consultants are dedicated to assisting our customers with bad credit to achieve their life goals with finance that works for them today and into the long term. **Speak with a Jade Finance consultant for a bad credit finance deal. [Call 1300 000 008](tel:1300000008)**. --- ### [Beauty Equipment Loans](https://jade.finance/equipment-loans/beauty-equipment-loans) **Published:** June 26, 2024 **Author:** Publisher --- ### [Volkswagen Car Finance](https://jade.finance/car-loans/volkswagen-car-finance) **Published:** February 12, 2024 **Author:** Publisher --- ### [Mercedes Car Finance](https://jade.finance/car-loans/mercedes-car-finance) **Published:** February 19, 2024 **Author:** Publisher --- ### [Novated Lease Deals](https://jade.finance/car-loans/novated-lease-deals) **Published:** May 16, 2024 **Author:** Publisher --- ### [Low Doc & No Doc Truck Loans](https://jade.finance/truck-loans/no-doc-low-doc-truck-loans) **Published:** June 26, 2024 **Author:** Publisher --- ### [Trailer Finance](https://jade.finance/truck-loans/cargo-trailer-finance) **Published:** August 13, 2023 **Author:** Publisher **Content:** The acquisition of a new trailer, whether brand new or used, is a major investment for any business. You’re making that purchase based on an expected ROI. Jade Finance is driven to deliver you the best trailer finance deal with the best interest rates to assist you realise those expectations. As independent brokers, we are accredited with many banks and lenders so we have a wide field of choices to source you the best trailer finance deal. Our experience and industry standing gives us strong bargaining power which we use in your best interests, to negotiate you the cheapest interest rates and most favourable trailer finance terms. For a ballpark on repayments, head to our finance calculator webpage and you’ll have an estimate in a matter of seconds. Or just give us a call for a no-obligation discussion. **Speak with a Jade Finance Consultant for a great trailer finance quote. Call 1300 000 008**. --- ### [Motorhome and Fifth Wheeler Finance](https://jade.finance/caravan-loans/motorhome-and-fifth-wheeler-finance) **Published:** August 14, 2023 **Author:** Publisher **Content:** Considered as the luxury way to travel around Australia with comfort, freedom and convenience, motorhomes and 5th wheel vehicles are a very popular choice across a diverse range of buyers. Retirees embarking on their bucket list road trip, astute singles, couples and families of all ages opting for a great value touring holiday, as a temporary residence on a building site, as an office and residence combo for workers that need to access remote locations and possibly as a permanent home for the ultimate downsizers. Whatever the decision driving your purchase or your individual profile, Jade Finance can match the high quality standard of your vehicle’s fittings and fixtures with a high quality and customised loan. At Jade Finance, high quality loans mean cheap interest rates and the best deal available. We have a track record for consistently achieving the best interest rates on motor home loans for our customers and we’re working hard to maintain that record. It’s your assurance of the cheapest finance deal! Jade Motorhome and Fifth Wheeler finance is available for all makes and models including the major manufacturers – Winnebago, Jayco, Paradise, Avida, amongst many others. - New and Used Motorhome Finance - Loans for Fifth Wheeler purchased from dealers or private sellers **If it’s time for you to hit the road, speak with a Jade Finance consultant for a great motorhome or fifth wheeler finance deal. Call 1300 000 008**. --- ### [Compare Personal Loans Rates Australia](https://jade.finance/personal-loans/personal-finance) **Published:** August 14, 2023 **Author:** Publisher --- ### [Vehicle Warranty](https://jade.finance/insurance/vehicle-warranty) **Published:** July 30, 2023 **Author:** Publisher --- ### [Travel Trailer Loans - content coming](https://jade.finance/caravan-loans/travel-trailer-loans) **Published:** June 25, 2024 **Author:** Publisher --- ### [Testimonials](https://jade.finance/testimonials) **Published:** August 15, 2023 **Author:** Publisher --- ### [Blog](https://jade.finance/blog) **Published:** July 7, 2023 **Author:** Publisher --- ## FAQs ### [What loans are available to purchase equipment for a business?](https://jade.finance/?post_type=faqs&p=367) **Published:** July 10, 2023 **Author:** Publisher **FAQ Categories:** General FAQs --- ### [What is the criteria to be eligible for business finance?](https://jade.finance/?post_type=faqs&p=357) **Published:** July 9, 2023 **Author:** Publisher **FAQ Categories:** Business Loans FAQs --- ### [What is the difference between fixed and variable interest rates?](https://jade.finance/?post_type=faqs&p=356) **Published:** July 9, 2023 **Author:** Publisher **FAQ Categories:** Some Common FAQs --- ### [How long will it take to get a home loan? When can I buy my home?](https://jade.finance/?post_type=faqs&p=17752) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [What is a home loan comparison rate?](https://jade.finance/?post_type=faqs&p=17751) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [Should I mix fixed and variable rates?](https://jade.finance/?post_type=faqs&p=17750) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [How long can I get a fixed rate home loan for?](https://jade.finance/?post_type=faqs&p=17749) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [Fixed vs variable home loan rates? Which is best for me?](https://jade.finance/?post_type=faqs&p=17748) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [How do I get pre-approval for a home loan?](https://jade.finance/?post_type=faqs&p=17747) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [How can I increase my borrowing capacity?](https://jade.finance/?post_type=faqs&p=17746) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [What home loan features can help to save money?](https://jade.finance/?post_type=faqs&p=17745) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [Why should I use a mortgage broker?](https://jade.finance/?post_type=faqs&p=17744) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [What fees are involved with home loans?](https://jade.finance/?post_type=faqs&p=17743) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [Is a lower home loan rate the best option?](https://jade.finance/?post_type=faqs&p=17742) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [How do I get the best mortgage rate?](https://jade.finance/?post_type=faqs&p=17741) **Published:** March 3, 2026 **Author:** Brendan Duong **FAQ Categories:** Home Loan FAQs --- ### [Are the repayments on the calculator weekly or monthly?](https://jade.finance/?post_type=faqs&p=2539) **Published:** August 9, 2023 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [What types of loans can be calculated with a finance calculator?](https://jade.finance/?post_type=faqs&p=2540) **Published:** August 9, 2023 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [What loan term do I use in the calculator?](https://jade.finance/?post_type=faqs&p=2541) **Published:** August 9, 2023 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [Why is my loan quote different to the calculator result?](https://jade.finance/?post_type=faqs&p=2542) **Published:** August 9, 2023 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [How do I calculate my borrowing capacity?](https://jade.finance/?post_type=faqs&p=2543) **Published:** August 9, 2023 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [How can I work out repayments on a car loan?](https://jade.finance/?post_type=faqs&p=17075) **Published:** March 4, 2025 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [What lender offers the best car loan interest rates?](https://jade.finance/?post_type=faqs&p=17076) **Published:** March 4, 2025 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [How are car loan interest rates determined?](https://jade.finance/?post_type=faqs&p=17077) **Published:** March 4, 2025 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [How much can I borrow for a car loan?](https://jade.finance/?post_type=faqs&p=17078) **Published:** March 4, 2025 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [How can I calculate interest on my car loan?](https://jade.finance/?post_type=faqs&p=17079) **Published:** March 4, 2025 **Author:** Publisher **FAQ Categories:** Car Finance Calculator FAQs --- ### [Can used excavation equipment be financed with secured loans?](https://jade.finance/?post_type=faqs&p=17090) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [What is collateral?](https://jade.finance/?post_type=faqs&p=17089) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [What happens if I want to sell the car I’ve used as collateral for a secured business car loan, before the end of the term?](https://jade.finance/?post_type=faqs&p=17088) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [What is the security element of secured business finance?](https://jade.finance/?post_type=faqs&p=17087) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [What collateral is required with secured business financing?](https://jade.finance/?post_type=faqs&p=17086) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [What loan types are available with secured funding?](https://jade.finance/?post_type=faqs&p=17085) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [Can I get approved for a secured truck loan without paying a deposit?](https://jade.finance/?post_type=faqs&p=17084) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [What is asset acquisition finance?](https://jade.finance/?post_type=faqs&p=17083) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [What is the difference between secured and unsecured business loans?](https://jade.finance/?post_type=faqs&p=17082) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [Can sole traders be eligible for secured business funding?](https://jade.finance/?post_type=faqs&p=17081) **Published:** March 31, 2025 **Author:** Publisher **FAQ Categories:** Secured Business Finance FAQs --- ### [What Car brands can you finance?](https://jade.finance/?post_type=faqs&p=7490) **Published:** June 24, 2024 **Author:** Publisher **FAQ Categories:** General Car Loans FAQs --- ### [What is a secured caravan loan?](https://jade.finance/?post_type=faqs&p=16116) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [What is an unsecured caravan loan?](https://jade.finance/?post_type=faqs&p=16115) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [How do I apply for a caravan loan with Jade Finance?](https://jade.finance/?post_type=faqs&p=16114) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [How does Jade get borrowers the best caravan loan rates?](https://jade.finance/?post_type=faqs&p=16113) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [Can I get a caravan loan for both new and used caravans?](https://jade.finance/?post_type=faqs&p=16112) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [What types of caravans can I finance with Jade?](https://jade.finance/?post_type=faqs&p=16111) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [How long does it take to get approval for a caravan loan?](https://jade.finance/?post_type=faqs&p=16110) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [Do I need a high credit score for a caravan loan?](https://jade.finance/?post_type=faqs&p=16109) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [What is an online loan calculator?](https://jade.finance/?post_type=faqs&p=16108) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [What’s wrong with dealer finance?](https://jade.finance/?post_type=faqs&p=16107) **Published:** September 16, 2024 **Author:** Publisher **FAQ Categories:** Caravan Loans FAQs --- ### [Does Jade Finance provide services across Australia, including major cities?](https://jade.finance/?post_type=faqs&p=15753) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Some Common FAQs --- ### [My business already uses an accountant, why would I need a finance broker?](https://jade.finance/?post_type=faqs&p=15751) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [I’ve never applied for a loan before, can I use a finance broker for my first car loan?](https://jade.finance/?post_type=faqs&p=15750) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [I need new machinery for my construction business, what asset finance products does a broker offer?](https://jade.finance/?post_type=faqs&p=15749) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [I’m located on a remote cattle station in WA, will I need to travel to meet a finance broker?](https://jade.finance/?post_type=faqs&p=15748) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [Can I get a loan for my training course through a finance broker?](https://jade.finance/?post_type=faqs&p=15747) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [What is the application process to get a loan through a finance broker?](https://jade.finance/?post_type=faqs&p=15746) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [Who decides what finance company or bank when I apply for a loan through a broker?](https://jade.finance/?post_type=faqs&p=15745) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [Are sole traders eligible to use broker services?](https://jade.finance/?post_type=faqs&p=15744) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [Our current business loan repayments are not working with cash flow. Do brokers handle refinancing?](https://jade.finance/?post_type=faqs&p=15743) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [Do brokers provide loans for used cars?](https://jade.finance/?post_type=faqs&p=15742) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Perth Finance Broker FAQs --- ### [What commitment is attached to using a finance broker?](https://jade.finance/?post_type=faqs&p=15730) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [Do brokers handle personal loans for used cars?](https://jade.finance/?post_type=faqs&p=15729) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [We’re setting up a new tourism service in the Red Centre, can be use a broker to get our loans?](https://jade.finance/?post_type=faqs&p=15728) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [How fast will I get the funds if I use a broker my loan?](https://jade.finance/?post_type=faqs&p=15727) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [What interest rate on a boat loan can a broker get me?](https://jade.finance/?post_type=faqs&p=15726) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [Is heavy vehicle leasing available through a finance broker?](https://jade.finance/?post_type=faqs&p=15725) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [Will I still be able to get a balloon with my finance if I apply through a broker?](https://jade.finance/?post_type=faqs&p=15724) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [Are the requirements to apply for a loan different with a broker than a bank?](https://jade.finance/?post_type=faqs&p=15723) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [I’d like to bid on machinery at an upcoming auction. Do brokers organise loan approval before purchase?](https://jade.finance/?post_type=faqs&p=15722) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [I’m on a cattle station in the outback. Will I have to take time off work to get to the city to meet with a finance broker to apply for a loan?](https://jade.finance/?post_type=faqs&p=15721) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Darwin Finance Broker FAQs --- ### [How does a finance broker work?](https://jade.finance/?post_type=faqs&p=15709) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [Can I use a finance broker to get a loan for a jet ski?](https://jade.finance/?post_type=faqs&p=15708) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [Does a finance broker handle loans for sole traders?](https://jade.finance/?post_type=faqs&p=15707) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [If using a finance broker, do I have to say what bank or finance company I want to apply to?](https://jade.finance/?post_type=faqs&p=15706) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [What banks and lenders do finance brokers represent?](https://jade.finance/?post_type=faqs&p=15705) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [Will I have to complete the same application form with a finance broker as the bank is requesting?](https://jade.finance/?post_type=faqs&p=15704) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [Will I need my accountant to give me a referral to a finance broker?](https://jade.finance/?post_type=faqs&p=15703) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [Are start-up operators eligible to use finance broker services?](https://jade.finance/?post_type=faqs&p=15702) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [I’m in outback Queensland. Will I need to travel to Brisbane for a meeting with a finance broker?](https://jade.finance/?post_type=faqs&p=15700) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [What loan products are available to finance heavy vehicles with finance brokers?](https://jade.finance/?post_type=faqs&p=15701) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Brisbane Finance Broker FAQs --- ### [Is a finance broker the same as a financial advisor?](https://jade.finance/?post_type=faqs&p=15689) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [I’ve never applied for a loan before, can I use finance broker services?](https://jade.finance/?post_type=faqs&p=15688) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [Do finance brokers have minimum and maximum sized loans that they source?](https://jade.finance/?post_type=faqs&p=15687) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [Can I get approved for a loan through a finance broker before I finalise the car I want to buy?](https://jade.finance/?post_type=faqs&p=15686) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [If the bank has rejected my loan application, can a finance broker help me get finance?](https://jade.finance/?post_type=faqs&p=15685) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [Is applying for a car loan with a finance broker the same as with a finance company?](https://jade.finance/?post_type=faqs&p=15684) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [Do I need to get a referral from a bank or accountant to use a finance broker?](https://jade.finance/?post_type=faqs&p=15683) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [Can businesses just setting up use finance brokers?](https://jade.finance/?post_type=faqs&p=15682) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [Is Equipment Lease available through a finance broker?](https://jade.finance/?post_type=faqs&p=15681) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [Do I need to meet a finance broker in Melbourne in person to apply for a loan?](https://jade.finance/?post_type=faqs&p=15680) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Melbourne Finance Broker FAQs --- ### [I’m quite familiar with the financial system. Why would I benefit from using a finance broker?](https://jade.finance/?post_type=faqs&p=15668) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [I’m a keen cyclist and wondering if a broker can get me finance to purchase the latest model road bike?](https://jade.finance/?post_type=faqs&p=15667) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [We’re setting up a new eatery in Canberra. Are we eligible to use broker services for finance?](https://jade.finance/?post_type=faqs&p=15666) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [If I use broker services, what lender will my finance be arranged with?](https://jade.finance/?post_type=faqs&p=15665) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [What personal car loan interest rate will I get using a broker?](https://jade.finance/?post_type=faqs&p=15664) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [What is the process to submit a loan application with a finance broker?](https://jade.finance/?post_type=faqs&p=15663) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [Do finance brokers handle loans for second hand heavy vehicles?](https://jade.finance/?post_type=faqs&p=15662) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [Will a finance broker organise me a loan for my wedding?](https://jade.finance/?post_type=faqs&p=15661) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [What equipment loan products for businesses are available through brokers?](https://jade.finance/?post_type=faqs&p=15660) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [I have a demanding government job in Canberra. Will I have to meet with a finance broker in person to apply for a loan?](https://jade.finance/?post_type=faqs&p=15659) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Canberra Finance Broker FAQs --- ### [I have a financial advisor, why do I need to use a finance broker as well?](https://jade.finance/?post_type=faqs&p=15649) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [Will a finance broker get me a boat loan?](https://jade.finance/?post_type=faqs&p=15648) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [We’re a small tourism operation. Can we use the services of a broker?](https://jade.finance/?post_type=faqs&p=15647) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [What finance company or bank will my loan be with if I use a broker?](https://jade.finance/?post_type=faqs&p=15646) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [What interest rate will a broker get me on equipment finance for our café?](https://jade.finance/?post_type=faqs&p=15645) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [How do I apply for a car loan with a broker?](https://jade.finance/?post_type=faqs&p=15644) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [Who do I approach to get a referral to use a broker?](https://jade.finance/?post_type=faqs&p=15643) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [We want to set up a new jet ski hire business on the Gold Coast, can we use brokers to get our finance?](https://jade.finance/?post_type=faqs&p=15642) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [What business credit products do brokers offer to finance business IT equipment?](https://jade.finance/?post_type=faqs&p=15641) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [I work long shifts in hospitality. Do I need to take time off work to meet with a broker about my loan?](https://jade.finance/?post_type=faqs&p=15640) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Gold Coast Finance Broker FAQs --- ### [I have an accountant for my business, why do I need to use a finance broker?](https://jade.finance/?post_type=faqs&p=15624) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [Can first time car loan applicants use a finance broker?](https://jade.finance/?post_type=faqs&p=15623) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [Will a Sydney finance broker advise me of which is the best business credit facility for my truck loan?](https://jade.finance/?post_type=faqs&p=15622) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [I’m buying a boat located in Queensland, can I use a Sydney finance broker to arrange the loan?](https://jade.finance/?post_type=faqs&p=15621) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [What personal loans does a finance broker handle?](https://jade.finance/?post_type=faqs&p=15620) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [How do I apply for a personal car loan with a finance broker?](https://jade.finance/?post_type=faqs&p=15619) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [Do I get to decide on the bank or finance company when sourcing a loan through a Sydney finance broker?](https://jade.finance/?post_type=faqs&p=15618) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [Can self-employed sole traders use a finance broker?](https://jade.finance/?post_type=faqs&p=15617) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [Does it take longer to get a loan through a finance broker?](https://jade.finance/?post_type=faqs&p=15616) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [What business loan products does a broker provide?](https://jade.finance/?post_type=faqs&p=15615) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Sydney Finance Broker FAQs --- ### [Do I need a referral to use a finance broker?](https://jade.finance/?post_type=faqs&p=15598) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [Can I get a loan for a second-hand car through a finance broker?](https://jade.finance/?post_type=faqs&p=15597) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [Do finance brokers arrange loans for small businesses?](https://jade.finance/?post_type=faqs&p=15596) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [I want to buy agricultural machinery at a field day. Will a finance broker arrange my finance before the day?](https://jade.finance/?post_type=faqs&p=15595) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [Will I get a balloon payment on my business car loan through a finance broker?](https://jade.finance/?post_type=faqs&p=15594) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [Will I need the same financial documents to apply with a broker as with a bank?](https://jade.finance/?post_type=faqs&p=15593) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [Can I get an unsecured personal loan to cover a cosmetic medical procedure?](https://jade.finance/?post_type=faqs&p=15592) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [Do finance brokers work with start-up businesses?](https://jade.finance/?post_type=faqs&p=15591) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [Do finance brokers offer commercial trawler vessel leasing?](https://jade.finance/?post_type=faqs&p=15590) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [I’m in Port Lincoln and need financing for my seafood business, do I need to travel to Adelaide to use a broker?](https://jade.finance/?post_type=faqs&p=15589) **Published:** August 22, 2024 **Author:** Publisher **FAQ Categories:** Adelaide Finance Broker FAQs --- ### [Is CHP for hiring or acquiring equipment?](https://jade.finance/?post_type=faqs&p=15489) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [What is a balloon with Hire Purchase?](https://jade.finance/?post_type=faqs&p=15488) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [If I finance machinery with CHP, when do I own the machines?](https://jade.finance/?post_type=faqs&p=15487) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [Will my Equipment Hire Purchase payments be tax deductible?](https://jade.finance/?post_type=faqs&p=15486) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [What is the difference between cash and accruals accounting?](https://jade.finance/?post_type=faqs&p=15485) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [What collateral is required to get approved for HP Equipment financing?](https://jade.finance/?post_type=faqs&p=15484) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [Can IT equipment be financed with Hire Purchase?](https://jade.finance/?post_type=faqs&p=15483) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [Can a start-up operation get approved for Equipment HP?](https://jade.finance/?post_type=faqs&p=15482) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [When do I need to pay the balloon?](https://jade.finance/?post_type=faqs&p=15481) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [What is the interest rate for Equipment Hire Purchase?](https://jade.finance/?post_type=faqs&p=15480) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Equipment Hire Purchase FAQs --- ### [What types of boats are suited to Commercial Hire Purchase finance?](https://jade.finance/?post_type=faqs&p=15464) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [What type of business operations suit CHP boat loans?](https://jade.finance/?post_type=faqs&p=15463) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [Will I own the boat if I purchase it with a Hire Purchase boat loan?](https://jade.finance/?post_type=faqs&p=15462) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [Can I buy jet skis for my rental business with Commercial Hire Purchase?](https://jade.finance/?post_type=faqs&p=15461) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [Can I borrow the full purchase price with HP boat finance?](https://jade.finance/?post_type=faqs&p=15460) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [How does a balloon work with CHP?](https://jade.finance/?post_type=faqs&p=15459) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [Are CHP boat loan repayments a tax deduction?](https://jade.finance/?post_type=faqs&p=15458) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [What tax deduction will I get with depreciation on a Hire Purchase Boat Loan?](https://jade.finance/?post_type=faqs&p=15457) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [What will I need to apply for Commercial Hire Purchase Boat Finance?](https://jade.finance/?post_type=faqs&p=15456) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [What security is required for CHP boat finance?](https://jade.finance/?post_type=faqs&p=15455) **Published:** August 5, 2024 **Author:** Publisher **FAQ Categories:** Boat Commercial Hire Purchase FAQs --- ### [What kind of interest rate can I expect on my caravan loan?](https://jade.finance/?post_type=faqs&p=15416) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [Will the interest rate be affected by the type of caravan I purchase?](https://jade.finance/?post_type=faqs&p=15415) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [Can I expect a fixed or variable interest rate on my caravan loan?](https://jade.finance/?post_type=faqs&p=15414) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [What caravan loan should I choose to get the best interest rate?](https://jade.finance/?post_type=faqs&p=15413) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [Why do interest rates vary so much across the caravan loan market?](https://jade.finance/?post_type=faqs&p=15412) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [What is a Comparison Rate?](https://jade.finance/?post_type=faqs&p=15411) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [What steps should I take to get a cheaper caravan loan interest rate?](https://jade.finance/?post_type=faqs&p=15410) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [How will my caravan loan interest rate change over the loan term?](https://jade.finance/?post_type=faqs&p=15409) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [Does the Reserve Bank set caravan loan interest rates?](https://jade.finance/?post_type=faqs&p=15408) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [What factors impact the caravan loan interest rate a lender offers me?](https://jade.finance/?post_type=faqs&p=15407) **Published:** August 2, 2024 **Author:** Publisher **FAQ Categories:** Caravan Interest Rates FAQs --- ### [Why do I need to take out insurance with a secured car loan?](https://jade.finance/?post_type=faqs&p=5729) **Published:** February 5, 2024 **Author:** Publisher **FAQ Categories:** Secured Car Finance FAQs --- ### [We’re planning to buy equipment at auction, can we get our finance approved beforehand?](https://jade.finance/?post_type=faqs&p=15301) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [Can restaurant kitchen equipment be leased?](https://jade.finance/?post_type=faqs&p=15307) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [What is the interest rate on loans for kitchen equipment?](https://jade.finance/?post_type=faqs&p=15306) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [Can new venues get approved for kitchen equipment finance?](https://jade.finance/?post_type=faqs&p=15305) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [What credit facilities are available to finance the purchase of kitchen equipment?](https://jade.finance/?post_type=faqs&p=15304) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [Will we need a deposit to apply for kitchen equipment finance?](https://jade.finance/?post_type=faqs&p=15303) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [If replacing a number of units can we get one loan to cover all the equipment?](https://jade.finance/?post_type=faqs&p=15302) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [Are preparation counters considered equipment for financing?](https://jade.finance/?post_type=faqs&p=15300) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [What do we need to apply for restaurant equipment finance?](https://jade.finance/?post_type=faqs&p=15299) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [Can we get a balloon with our restaurant equipment loan?](https://jade.finance/?post_type=faqs&p=15298) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Restaurant Kitchen Equipment Loan FAQs --- ### [What is a factor rate?](https://jade.finance/?post_type=faqs&p=15258) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [What loans are relevant for factor rates?](https://jade.finance/?post_type=faqs&p=15257) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [What is the APR?](https://jade.finance/?post_type=faqs&p=15256) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [What is the difference between the interest rate I’m quoted and the APR?](https://jade.finance/?post_type=faqs&p=15255) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [Why do I need to calculate factor rate to APR?](https://jade.finance/?post_type=faqs&p=15254) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [I’ve been quoted a 1.5 factor rate, is that 1.5% pa interest rate?](https://jade.finance/?post_type=faqs&p=15253) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [How do I find out my factor rate?](https://jade.finance/?post_type=faqs&p=15252) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [What is the difference between the APR and the factor rate?](https://jade.finance/?post_type=faqs&p=15251) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [How can I work out how much I am repaying on my loan when quoted a factor rate?](https://jade.finance/?post_type=faqs&p=15250) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [How do I find out what fees I will be charged to convert factor rates to APR?](https://jade.finance/?post_type=faqs&p=15249) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Factor Rate APR Calculator FAQs --- ### [What types of trucks and brands of trucks can be financed with Jade?](https://jade.finance/?post_type=faqs&p=15226) **Published:** August 1, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [Is fit out leasing the most effective loan option?](https://jade.finance/?post_type=faqs&p=15018) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [We’re getting designers to design our fit out. What finance is available to cover those expenses?](https://jade.finance/?post_type=faqs&p=15017) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [Will finance for a fit out be tax deductible?](https://jade.finance/?post_type=faqs&p=15016) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [What security will we need to get a loan for fit out equipment?](https://jade.finance/?post_type=faqs&p=15015) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [Is the cost of installing workstations and partitions included in financing fit outs?](https://jade.finance/?post_type=faqs&p=15014) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [We need to establish a budget for our fit out. How can we get loan repayments for budgeting?](https://jade.finance/?post_type=faqs&p=15013) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [What is the interest rate for fit out loans?](https://jade.finance/?post_type=faqs&p=15012) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [Can the entire cost of our fit out be included in a loan to save us paying a deposit?](https://jade.finance/?post_type=faqs&p=15011) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [I’m setting up a retail outlet as my first business venture. Will I be able to get a loan for the racking and shelving and other fixtures and fittings?](https://jade.finance/?post_type=faqs&p=15010) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [What information is required for the application form for fit out finance?](https://jade.finance/?post_type=faqs&p=15009) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Fit Out Finance FAQs --- ### [I buy products from an overseas supplier. Can international purchases be financed in Australia?](https://jade.finance/?post_type=faqs&p=14989) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [What is inventory finance?](https://jade.finance/?post_type=faqs&p=14987) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [What can inventory financing be used to fund?](https://jade.finance/?post_type=faqs&p=14985) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [What is a line of credit?](https://jade.finance/?post_type=faqs&p=14984) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [Is inventory financing tax deductible?](https://jade.finance/?post_type=faqs&p=14977) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [When is a line of credit due to be repaid?](https://jade.finance/?post_type=faqs&p=14976) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [What terms are available for inventory finance?](https://jade.finance/?post_type=faqs&p=14975) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [Can I get an inventory loan to finance the materials I need for my production?](https://jade.finance/?post_type=faqs&p=14974) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [What collateral is required to get approved for inventory financing?](https://jade.finance/?post_type=faqs&p=14973) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [How quickly can I get approved and get funds to purchase inventory?](https://jade.finance/?post_type=faqs&p=14972) **Published:** July 31, 2024 **Author:** Publisher **FAQ Categories:** Inventory Finance FAQs --- ### [What type of loans I can get with Jade?](https://jade.finance/?post_type=faqs&p=14812) **Published:** July 30, 2024 **Author:** Publisher **FAQ Categories:** Some Common FAQs --- ### [Why use a broker?](https://jade.finance/?post_type=faqs&p=14811) **Published:** July 30, 2024 **Author:** Publisher **FAQ Categories:** Some Common FAQs --- ### [What is a good credit score for a loan?](https://jade.finance/?post_type=faqs&p=14810) **Published:** July 30, 2024 **Author:** Publisher **FAQ Categories:** Some Common FAQs --- ### [What can I do to improve my chance for finance approval?](https://jade.finance/?post_type=faqs&p=14809) **Published:** July 30, 2024 **Author:** Publisher **FAQ Categories:** Some Common FAQs --- ### [Which lender should I use for my loan?](https://jade.finance/?post_type=faqs&p=14808) **Published:** July 30, 2024 **Author:** Publisher **FAQ Categories:** Some Common FAQs --- ### [Does Jade Finance do commercial lending?](https://jade.finance/?post_type=faqs&p=14806) **Published:** July 30, 2024 **Author:** Publisher **FAQ Categories:** Some Common FAQs --- ### [What loans to buy a business are available?](https://jade.finance/?post_type=faqs&p=14646) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [Will the type of business affect the business acquisition loan?](https://jade.finance/?post_type=faqs&p=14644) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [What is the best finance to buy goodwill only?](https://jade.finance/?post_type=faqs&p=14643) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [We’re purchasing a café business, what loan should we apply for?](https://jade.finance/?post_type=faqs&p=14642) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [What is the interest rate on a loan to buy a business?](https://jade.finance/?post_type=faqs&p=14641) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [Is the one loan available to cover buying an entire business operation?](https://jade.finance/?post_type=faqs&p=14639) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [What security will I need to get approved for a loan to purchase a business?](https://jade.finance/?post_type=faqs&p=14638) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [I want to buy a delivery business as a self-employed operator, can I get a loan?](https://jade.finance/?post_type=faqs&p=14637) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [The business seller wants me to take over their truck leases as part of the purchase. How do I finance that part of the sale?](https://jade.finance/?post_type=faqs&p=14636) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [Is a loan to buy a business secured or unsecured?](https://jade.finance/?post_type=faqs&p=14635) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Existing Business Finance FAQs --- ### [Is leasing office equipment the best financing option?](https://jade.finance/?post_type=faqs&p=14601) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [Is it better to get a loan for new office furniture or use our overdraft for the purchases?](https://jade.finance/?post_type=faqs&p=14600) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [What office equipment loan will give us the best tax deductions?](https://jade.finance/?post_type=faqs&p=14599) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [What collateral will we need to get a loan for office equipment?](https://jade.finance/?post_type=faqs&p=14598) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [We’re setting up a new business. Can we get a loan for the office computers and furniture?](https://jade.finance/?post_type=faqs&p=14596) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [How can I work out financing estimates myself to plan my budget?](https://jade.finance/?post_type=faqs&p=14595) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [When will we have to pay the balloon?](https://jade.finance/?post_type=faqs&p=14593) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [Can the full purchase price of new IT systems be covered with finance?](https://jade.finance/?post_type=faqs&p=14591) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [Is there a loan to cover the purchase of office desks, workstations and chairs?](https://jade.finance/?post_type=faqs&p=14589) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [What do we need to apply for office equipment financing?](https://jade.finance/?post_type=faqs&p=14586) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** Office Equipment Loans FAQs --- ### [Is IT equipment lease the best loan option?](https://jade.finance/?post_type=faqs&p=14448) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [Are business loans for computer software available?](https://jade.finance/?post_type=faqs&p=14447) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [Which IT equipment loan has the biggest tax deductions?](https://jade.finance/?post_type=faqs&p=14446) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [What collateral is needed to get approved for computer finance?](https://jade.finance/?post_type=faqs&p=14445) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [We need computer systems to set up our new business. What are the options for loans for IT?](https://jade.finance/?post_type=faqs&p=14444) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [How do I estimate computer loan repayments to compare different laptops?](https://jade.finance/?post_type=faqs&p=14443) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [How can we finance the costs of installing our new IT system?](https://jade.finance/?post_type=faqs&p=14442) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [Can we get a loan to cover the entire cost of our IT system upgrade?](https://jade.finance/?post_type=faqs&p=14441) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [Does IT finance cover the cost of training staff on new systems?](https://jade.finance/?post_type=faqs&p=14440) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [What is needed to apply for computer equipment finance?](https://jade.finance/?post_type=faqs&p=14438) **Published:** July 29, 2024 **Author:** Publisher **FAQ Categories:** IT Equipment Loans FAQs --- ### [Which lenders do you use?](https://jade.finance/?post_type=faqs&p=7491) **Published:** June 24, 2024 **Author:** Publisher --- ### [Are one person businesses eligible for equipment finance?](https://jade.finance/?post_type=faqs&p=14347) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [What is the interest rate on small business equipment loans?](https://jade.finance/?post_type=faqs&p=14346) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [Is Equipment Lease available for small businesses?](https://jade.finance/?post_type=faqs&p=14345) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [What is the most suitable credit facility for small businesses to finance equipment?](https://jade.finance/?post_type=faqs&p=14344) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [What collateral is required to get approved for small business machinery finance?](https://jade.finance/?post_type=faqs&p=14343) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [Is equipment finance for small businesses available on used machinery?](https://jade.finance/?post_type=faqs&p=14342) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [Are small business equipment loans tax deductible?](https://jade.finance/?post_type=faqs&p=14341) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [As a sole trader, will I get a balloon on my equipment finance?](https://jade.finance/?post_type=faqs&p=14340) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [I’d like to have my finance confirmed before buying an excavator. Can I get small business finance approved before purchase?](https://jade.finance/?post_type=faqs&p=14339) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [Will the interest rate on my small business equipment loan change over the term?](https://jade.finance/?post_type=faqs&p=14338) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Small Business Equipment Loans FAQs --- ### [Are any special skills needed to use an online funding estimator?](https://jade.finance/?post_type=faqs&p=14105) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [Can an online funding device be used for repayments on second-hand prime movers?](https://jade.finance/?post_type=faqs&p=14103) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [Will I be able to borrow the full price of a new caravan?](https://jade.finance/?post_type=faqs&p=14100) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [Do I deduct the balloon amount from the total before calculating repayments with an estimating device?](https://jade.finance/?post_type=faqs&p=14102) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [What other assets will I need to have for a new caravan loan?](https://jade.finance/?post_type=faqs&p=14089) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [How can I compare Rent-to-Own repayments with Leasing payments?](https://jade.finance/?post_type=faqs&p=14099) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [Why do online credit devices only work out estimates?](https://jade.finance/?post_type=faqs&p=14097) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [What cost is involved in using a repayment estimator?](https://jade.finance/?post_type=faqs&p=14095) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [Does an online repayment estimator store the outcomes of my calculations?](https://jade.finance/?post_type=faqs&p=14094) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [Can repayments on all types of prime movers be estimated with an online credit device?](https://jade.finance/?post_type=faqs&p=14092) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [How do I know what interest rate to enter to get a repayment estimate?](https://jade.finance/?post_type=faqs&p=14090) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [What funding facilities can be estimated with an online credit estimating device?](https://jade.finance/?post_type=faqs&p=14088) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [Will the interest rate on my new caravan loan go up over time?](https://jade.finance/?post_type=faqs&p=14086) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [Why do I need to take out insurance with a new caravan loan?](https://jade.finance/?post_type=faqs&p=14083) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [Why is the credit quote I received is higher than I obtained using the estimating device?](https://jade.finance/?post_type=faqs&p=14084) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Finance Calculator FAQs --- ### [Can all types of new RVs be purchased with finance?](https://jade.finance/?post_type=faqs&p=14081) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [I want to order a new van at an expo. Can I get my loan arranged beforehand?](https://jade.finance/?post_type=faqs&p=14079) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [Are interest rates on loans for new campers the same as for traditional caravans?](https://jade.finance/?post_type=faqs&p=14076) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [What repayment terms are available for RV financing?](https://jade.finance/?post_type=faqs&p=14074) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [Will my caravan loan repayments change at any time?](https://jade.finance/?post_type=faqs&p=14072) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [How does Hino truck financing affect my business's cash flow?](https://jade.finance/?post_type=faqs&p=14070) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [Are there any penalties for early repayment of a Hino truck loan?](https://jade.finance/?post_type=faqs&p=14069) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [Can imported caravans be financed in Australia?](https://jade.finance/?post_type=faqs&p=14066) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** New Caravan Finance FAQs --- ### [What happens if I want to upgrade my Hino truck during the loan term?](https://jade.finance/?post_type=faqs&p=14068) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [Can I finance used Hino trucks through Jade Finance?](https://jade.finance/?post_type=faqs&p=14067) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [What documents are required for the Hino truck loan application?](https://jade.finance/?post_type=faqs&p=14065) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [How do Hino truck loan terms compare to other truck loans?](https://jade.finance/?post_type=faqs&p=14063) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [Are there any special incentives for financing Hino trucks?](https://jade.finance/?post_type=faqs&p=14062) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [What impact does my credit score have on my ability to get Hino truck finance?](https://jade.finance/?post_type=faqs&p=14060) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [How can I qualify for Hino truck financing?](https://jade.finance/?post_type=faqs&p=14059) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [What are the benefits of financing a Hino truck through Jade Finance?](https://jade.finance/?post_type=faqs&p=14057) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Hino Truck Finance FAQs --- ### [What types of Mack Truck loans does Jade Finance offer?](https://jade.finance/?post_type=faqs&p=13994) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [How can Jade Finance help me secure the best Mack Truck loan?](https://jade.finance/?post_type=faqs&p=13993) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [What is the application process for a Mack Truck loan with Jade Finance?](https://jade.finance/?post_type=faqs&p=13992) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [What documentation is required for a Mack Truck loan application?](https://jade.finance/?post_type=faqs&p=13991) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [Can I get pre-approved for a Mack Truck loan?](https://jade.finance/?post_type=faqs&p=13990) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [What are the benefits of choosing Jade Finance over dealer financing?](https://jade.finance/?post_type=faqs&p=13989) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [What loan options are available for businesses with bad credit?](https://jade.finance/?post_type=faqs&p=13988) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [How long does it take to get approval for a Mack Truck loan?](https://jade.finance/?post_type=faqs&p=13987) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [What are the main benefits of a Chattel Mortgage for Mack Trucks?](https://jade.finance/?post_type=faqs&p=13986) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [How does an Equipment Lease work for Mack Trucks?](https://jade.finance/?post_type=faqs&p=13983) **Published:** July 26, 2024 **Author:** Publisher **FAQ Categories:** Mack Loans FAQs --- ### [What RV types can be purchased with leasing?](https://jade.finance/?post_type=faqs&p=13406) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [Who is eligible to lease a caravan?](https://jade.finance/?post_type=faqs&p=13405) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [When do I own my RVs with Caravan Leasing?](https://jade.finance/?post_type=faqs&p=13404) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [With the lender owning the caravan under lease, what costs do I need to meet?](https://jade.finance/?post_type=faqs&p=13403) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [Are caravan lease interest rates fixed or variable?](https://jade.finance/?post_type=faqs&p=13402) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [When do I need to pay a lease residual?](https://jade.finance/?post_type=faqs&p=13401) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [Are caravan lease payments a tax deduction?](https://jade.finance/?post_type=faqs&p=13400) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [How can I get caravan lease estimates before applying?](https://jade.finance/?post_type=faqs&p=13399) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [What is needed to apply for caravan leasing?](https://jade.finance/?post_type=faqs&p=13398) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [Can caravans under lease be rented out to customers?](https://jade.finance/?post_type=faqs&p=13397) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Caravan Lease FAQs --- ### [Can a start-up business get a car lease?](https://jade.finance/?post_type=faqs&p=13288) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [Are all types of vehicles eligible for lease finance?](https://jade.finance/?post_type=faqs&p=13287) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [Is no deposit car leasing available?](https://jade.finance/?post_type=faqs&p=13286) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [When will I actually own my car with vehicle leasing?](https://jade.finance/?post_type=faqs&p=13285) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [Is GST applicable on car leases?](https://jade.finance/?post_type=faqs&p=13284) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [Will my car leasing payments be a tax deduction?](https://jade.finance/?post_type=faqs&p=13283) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [What is a car leasing residual?](https://jade.finance/?post_type=faqs&p=13282) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [Do all businesses get the same car lease interest rates?](https://jade.finance/?post_type=faqs&p=13281) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [Is leasing a car better than buying with Chattel Mortgage?](https://jade.finance/?post_type=faqs&p=13280) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [Are self-employed operators eligible for car leasing?](https://jade.finance/?post_type=faqs&p=13279) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Car Leasing FAQs --- ### [What is the application process for Mercedes truck finance?](https://jade.finance/?post_type=faqs&p=13265) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [What are the different financing options available for Mercedes trucks?](https://jade.finance/?post_type=faqs&p=13263) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [What are the benefits of financing a Mercedes truck through Jade Finance?](https://jade.finance/?post_type=faqs&p=13270) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [What are the eligibility criteria for Mercedes truck finance?](https://jade.finance/?post_type=faqs&p=13269) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [How does my credit score impact my ability to get Mercedes truck finance?](https://jade.finance/?post_type=faqs&p=13268) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [Can I get maintenance and warranty services included with Mercedes truck finance?](https://jade.finance/?post_type=faqs&p=13262) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [Are there any tax benefits to financing a Mercedes truck?](https://jade.finance/?post_type=faqs&p=13261) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [What happens if I want to make early repayments or refinance my Mercedes truck loan?](https://jade.finance/?post_type=faqs&p=13260) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [What documentation is required for the Mercedes truck finance application?](https://jade.finance/?post_type=faqs&p=13258) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [How does Mercedes truck finance support my business growth?](https://jade.finance/?post_type=faqs&p=13257) **Published:** July 24, 2024 **Author:** Publisher **FAQ Categories:** Mercedes Truck Finance FAQs --- ### [What types of financing options does Jade offer for Kenworth trucks?](https://jade.finance/?post_type=faqs&p=13209) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [How can Jade help secure the lowest rates for Kenworth truck loans?](https://jade.finance/?post_type=faqs&p=13207) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [What is the application process for a Kenworth truck loan with Jade?](https://jade.finance/?post_type=faqs&p=13206) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [Why should I choose Jade over dealer financing for my Kenworth truck?](https://jade.finance/?post_type=faqs&p=13205) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [What documents are required to apply for a Kenworth truck loan with Jade?](https://jade.finance/?post_type=faqs&p=13204) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [Can Jade finance both new and used Kenworth trucks?](https://jade.finance/?post_type=faqs&p=13203) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [What are the benefits of a Hire Purchase Agreement for Kenworth trucks?](https://jade.finance/?post_type=faqs&p=13202) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [How does an Equipment Lease differ from other financing options for Kenworth trucks?](https://jade.finance/?post_type=faqs&p=13201) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [What is a Chattel Mortgage, and how does it work for Kenworth truck financing?](https://jade.finance/?post_type=faqs&p=13200) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [How does Jade personalise the Kenworth truck financing experience?](https://jade.finance/?post_type=faqs&p=13199) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Kenworth Truck Finance FAQs --- ### [What types of Isuzu trucks can be financed?](https://jade.finance/?post_type=faqs&p=13140) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [What financing options are available for Isuzu trucks?](https://jade.finance/?post_type=faqs&p=13137) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [How do I apply for Isuzu truck finance?](https://jade.finance/?post_type=faqs&p=13136) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [What are the Isuzu truck loan interest rates and terms for repayment?](https://jade.finance/?post_type=faqs&p=13135) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [Is there a required minimum credit score for securing isuzu truck finance?](https://jade.finance/?post_type=faqs&p=13134) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [Can I finance both new and used Isuzu trucks?](https://jade.finance/?post_type=faqs&p=13132) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [What are the specific Isuzu truck financing requirements for business applicants?](https://jade.finance/?post_type=faqs&p=13130) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [What documentation is needed when applying for Isuzu truck finance?](https://jade.finance/?post_type=faqs&p=13129) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [How long does the approval process typically take for isuzu truck finance?](https://jade.finance/?post_type=faqs&p=13128) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [Are there penalties for early repayment of the Isuzu truck loan?](https://jade.finance/?post_type=faqs&p=13126) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Isuzu Truck Finance FAQs --- ### [What are the benefits of unsecured motorbike finance?](https://jade.finance/?post_type=faqs&p=13072) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [How do I qualify for an unsecured motorbike loan?](https://jade.finance/?post_type=faqs&p=13071) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [What documents are required for the application?](https://jade.finance/?post_type=faqs&p=13070) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [How does my credit score affect my loan application?](https://jade.finance/?post_type=faqs&p=13069) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [Can I finance any type of motorbike with an unsecured loan?](https://jade.finance/?post_type=faqs&p=13068) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [What are the interest rates for unsecured motorbike finance?](https://jade.finance/?post_type=faqs&p=13067) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [How long does it take to get approved?](https://jade.finance/?post_type=faqs&p=13066) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [Are there any hidden fees associated with unsecured motorbike loans?](https://jade.finance/?post_type=faqs&p=13065) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [What repayment terms are available?](https://jade.finance/?post_type=faqs&p=13064) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [How can I improve my chances of loan approval?](https://jade.finance/?post_type=faqs&p=13046) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Motorbike Loan FAQs --- ### [What are the benefits of using a motorbike loan broker?](https://jade.finance/?post_type=faqs&p=13053) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Loan Broker FAQs --- ### [What are the eligibility requirements for a motorbike loan?](https://jade.finance/?post_type=faqs&p=13052) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Loan Broker FAQs --- ### [How does my credit score impact my motorbike loan application?](https://jade.finance/?post_type=faqs&p=13051) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Loan Broker FAQs --- ### [What types of motorbikes can be financed through a loan broker?](https://jade.finance/?post_type=faqs&p=13049) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Loan Broker FAQs --- ### [What is the application process for a motorbike loan?](https://jade.finance/?post_type=faqs&p=13048) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Loan Broker FAQs --- ### [Can I get pre-approved for a motorbike loan?](https://jade.finance/?post_type=faqs&p=13047) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Loan Broker FAQs --- ### [What financing plans are available for motorbikes?](https://jade.finance/?post_type=faqs&p=13044) **Published:** July 23, 2024 **Author:** Publisher --- ### [How long does the motorbike loan approval process take?](https://jade.finance/?post_type=faqs&p=13043) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Loan Broker FAQs --- ### [What determines the interest rates for motorbike loans?](https://jade.finance/?post_type=faqs&p=12979) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [What are the benefits of motorbike finance through Jade Finance?](https://jade.finance/?post_type=faqs&p=12978) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [How do I qualify for motorbike finance?](https://jade.finance/?post_type=faqs&p=12977) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [Can I finance both new and used motorbikes?](https://jade.finance/?post_type=faqs&p=12976) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [What types of motorbike financing options are available?](https://jade.finance/?post_type=faqs&p=12975) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [How does my credit score impact my motorbike loan rates?](https://jade.finance/?post_type=faqs&p=12974) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [Can I get pre-approved for motorbike finance?](https://jade.finance/?post_type=faqs&p=12973) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [How do motorbike finance rates compare to personal loan rates?](https://jade.finance/?post_type=faqs&p=12972) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [Are fixed or variable rates better for motorbike finance?](https://jade.finance/?post_type=faqs&p=12971) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [Can I negotiate my motorbike finance rates?](https://jade.finance/?post_type=faqs&p=12970) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Rates FAQs --- ### [What are the best truck loans in Australia?](https://jade.finance/?post_type=faqs&p=12965) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [Is Australia truck finance the same for all types of vehicles?](https://jade.finance/?post_type=faqs&p=12964) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [Can I get a loan for a truck and a trailer combined?](https://jade.finance/?post_type=faqs&p=12963) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [What is the truck loan interest rate in Australia?](https://jade.finance/?post_type=faqs&p=12962) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [Are Australia truck loans tax deductible?](https://jade.finance/?post_type=faqs&p=12961) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [When will I need to pay a balloon?](https://jade.finance/?post_type=faqs&p=12960) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [Can new owner-operators get truck loans in Australia?](https://jade.finance/?post_type=faqs&p=12959) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [What is required to apply for a truck loan in Australia?](https://jade.finance/?post_type=faqs&p=12958) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [Are new and used truck loans the same?](https://jade.finance/?post_type=faqs&p=12957) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [How can I get a rough idea of a truck loan without requesting a quote?](https://jade.finance/?post_type=faqs&p=12956) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Australian Truck Finance FAQs --- ### [What is Scania Truck Finance at Jade Finance?](https://jade.finance/?post_type=faqs&p=12917) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [What types of Scania trucks can be financed?](https://jade.finance/?post_type=faqs&p=12916) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [What loan products are available for Scania trucks?](https://jade.finance/?post_type=faqs&p=12915) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [How does a Hire Purchase Agreement (CHP) work for Scania trucks?](https://jade.finance/?post_type=faqs&p=12914) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [What is the application process for a Scania truck loan?](https://jade.finance/?post_type=faqs&p=12913) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [What are the eligibility requirements for Scania truck financing?](https://jade.finance/?post_type=faqs&p=12912) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [Why should I choose Jade Finance over dealership financing?](https://jade.finance/?post_type=faqs&p=12911) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [Can I get pre-approval for a Scania truck loan?](https://jade.finance/?post_type=faqs&p=12910) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [What are the benefits of leasing a Scania truck?](https://jade.finance/?post_type=faqs&p=12909) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [How does Jade Finance ensure I get the best Scania truck loan deal?](https://jade.finance/?post_type=faqs&p=12908) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Scania Truck Finance FAQs --- ### [How accurate are the loan estimates provided by online motorbike loan calculators?](https://jade.finance/?post_type=faqs&p=12868) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [What information do I need to input to get a loan estimate?](https://jade.finance/?post_type=faqs&p=12867) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [Can I use an online loan estimator for both new and used motorbikes?](https://jade.finance/?post_type=faqs&p=12866) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [How does the loan term affect the estimated monthly payments?](https://jade.finance/?post_type=faqs&p=12865) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [Are the interest rates used in online estimators up-to-date and accurate?](https://jade.finance/?post_type=faqs&p=12864) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [Can the online estimator take into account my credit score?](https://jade.finance/?post_type=faqs&p=12852) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [Is there a fee for using an online motorbike loan calculator?](https://jade.finance/?post_type=faqs&p=12851) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [How do online estimators handle down payments and trade-ins?](https://jade.finance/?post_type=faqs&p=12850) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [Can I save or print the loan estimate for future reference?](https://jade.finance/?post_type=faqs&p=12849) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [How do online motorbike loan calculators account for taxes and fees?](https://jade.finance/?post_type=faqs&p=12844) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Motorbike Finance Calculator FAQs --- ### [Will my Rent-to-Own business loan payments be a tax deduction?](https://jade.finance/?post_type=faqs&p=12839) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [Is Rent-to-Own the same as an operating lease?](https://jade.finance/?post_type=faqs&p=12838) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [Are Rent-to-Own loans suitable for all types of businesses?](https://jade.finance/?post_type=faqs&p=12837) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [Will I be buying or hiring equipment with a Rent-to-Own loan?](https://jade.finance/?post_type=faqs&p=12835) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [Can I find out what my operating lease payments might be before I apply for a loan?](https://jade.finance/?post_type=faqs&p=12834) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [Can new operators get approved for Rent-to-Own business loans?](https://jade.finance/?post_type=faqs&p=12833) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [What business expenses is Rent-to-Own financing used for?](https://jade.finance/?post_type=faqs&p=12832) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [What is a buyback?](https://jade.finance/?post_type=faqs&p=12831) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [When will I actually own my vehicle if I finance with a Rent-to-Own loan?](https://jade.finance/?post_type=faqs&p=12830) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own FAQs --- ### [Is financing available to install additional battery storage facilities to an existing solar power system?](https://jade.finance/?post_type=faqs&p=12800) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [We’re considering a complete solar power installation. What is the best type of loan?](https://jade.finance/?post_type=faqs&p=12799) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [The quote we have for a new solar power system includes panels, battery storage, monitoring plus the design and installation. Can the full cost be covered in the one loan?](https://jade.finance/?post_type=faqs&p=12798) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [What is the interest rate for commercial solar loans?](https://jade.finance/?post_type=faqs&p=12797) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [Will my commercial solar loan payments be tax deductible?](https://jade.finance/?post_type=faqs&p=12796) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [What security is needed to get approved for commercial solar financing?](https://jade.finance/?post_type=faqs&p=12795) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [Can new businesses get commercial solar loans?](https://jade.finance/?post_type=faqs&p=12794) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [How can we quickly convert quotes for commercial solar into loan payments?](https://jade.finance/?post_type=faqs&p=12793) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [Is a balloon available for commercial solar finance?](https://jade.finance/?post_type=faqs&p=12792) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [When will I have to pay the balloon amount?](https://jade.finance/?post_type=faqs&p=12791) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Commercial Solar Loan FAQs --- ### [What types of motorbikes can be financed with Low Doc Motorbike Loans?](https://jade.finance/?post_type=faqs&p=12744) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [What are Low Doc Motorbike Loans?](https://jade.finance/?post_type=faqs&p=12748) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [Who is eligible for Low Doc Motorbike Loans?](https://jade.finance/?post_type=faqs&p=12747) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [How do I apply for a Low Doc Motorbike Loan?](https://jade.finance/?post_type=faqs&p=12745) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [How fast can I get approval for a Low Doc Motorbike Loan?](https://jade.finance/?post_type=faqs&p=12741) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [What are the interest rates for Low Doc Motorbike Loans?](https://jade.finance/?post_type=faqs&p=12740) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [Can I get a Low Doc Motorbike Loan with a poor credit history?](https://jade.finance/?post_type=faqs&p=12738) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [What documents are required for a Low Doc Motorbike Loan?](https://jade.finance/?post_type=faqs&p=12737) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [Are there any additional fees associated with Low Doc Motorbike Loans?](https://jade.finance/?post_type=faqs&p=12736) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [What happens if I miss a repayment?](https://jade.finance/?post_type=faqs&p=12732) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Motorbike Loans FAQs --- ### [What types of equipment can be financed with a low doc loan?](https://jade.finance/?post_type=faqs&p=12729) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [What is a low doc equipment loan?](https://jade.finance/?post_type=faqs&p=12728) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [What interest rate will I get on low doc equipment finance?](https://jade.finance/?post_type=faqs&p=12727) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [Can sole traders with minimal financials apply for finance?](https://jade.finance/?post_type=faqs&p=12726) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [What are the eligibility requirements for a machinery loan without financials?](https://jade.finance/?post_type=faqs&p=12725) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [What types of equipment loans for low doc businesses are available?](https://jade.finance/?post_type=faqs&p=12724) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [What collateral is required to get approved for a loan for equipment without financials?](https://jade.finance/?post_type=faqs&p=12723) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [Can new businesses apply for equipment financing?](https://jade.finance/?post_type=faqs&p=12722) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [If I only have minimum financials, can I borrow the full purchase price of machinery?](https://jade.finance/?post_type=faqs&p=12721) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [Is equipment leasing available for low doc loans?](https://jade.finance/?post_type=faqs&p=12720) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Equipment Loan FAQs --- ### [What loan types are suited to finance logging equipment?](https://jade.finance/?post_type=faqs&p=12639) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [We use a range of different logging industry machines. Are the same loan types used for all machinery?](https://jade.finance/?post_type=faqs&p=12638) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [Are self-employed contractors in the timber sector eligible for commercial loans?](https://jade.finance/?post_type=faqs&p=12637) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [Can the attachments I need on my sawing machine be included with the loan for the machine?](https://jade.finance/?post_type=faqs&p=12636) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [What is needed to apply for a stump grinder loan?](https://jade.finance/?post_type=faqs&p=12635) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [Will our mulcher loan repayments be tax deductible?](https://jade.finance/?post_type=faqs&p=12634) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [I want to order a new harvester at the next field days. Can my finance be approved before I order?](https://jade.finance/?post_type=faqs&p=12633) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [What interest rates apply to finance for logging equipment?](https://jade.finance/?post_type=faqs&p=12632) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [Will my logging equipment loan payments change over time?](https://jade.finance/?post_type=faqs&p=12631) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [When is a residual due for payment?](https://jade.finance/?post_type=faqs&p=12630) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Logging Equipment Loan FAQs --- ### [What are our options to finance CNC machines?](https://jade.finance/?post_type=faqs&p=12578) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [Will the interest rate be the same for finance on different CNC machines?](https://jade.finance/?post_type=faqs&p=12577) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [We’re setting up a small workshop, are we eligible for CNC machine finance?](https://jade.finance/?post_type=faqs&p=12574) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [Will my plasma cutter finance repayments be a tax deduction?](https://jade.finance/?post_type=faqs&p=12573) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [We’re ordering custom-built units for a special job. Can custom CNC machines be financed?](https://jade.finance/?post_type=faqs&p=12572) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [When will we need to finalise a balloon payment?](https://jade.finance/?post_type=faqs&p=12571) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [How can I estimate my CNC machine loan before applying?](https://jade.finance/?post_type=faqs&p=12570) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [We want to keep loan repayments as low as possible. What are the loan terms on high ticket priced CNC machine loans?](https://jade.finance/?post_type=faqs&p=12569) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [We’re looking at buying used equipment at an auction. Can loans be arranged before buying?](https://jade.finance/?post_type=faqs&p=12566) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [I used an online calculator to work out my loan, so why is the quote I’ve received higher?](https://jade.finance/?post_type=faqs&p=12565) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** CNC Equipment Finance FAQs --- ### [What types of loans are available to finance bakery equipment?](https://jade.finance/?post_type=faqs&p=12515) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [What is the interest rate on loans for equipment for a bakery?](https://jade.finance/?post_type=faqs&p=12514) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [We want to set-up a small organic bread operation, are we eligible for bakery equipment loans?](https://jade.finance/?post_type=faqs&p=12513) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [When will we have to pay a balloon payment?](https://jade.finance/?post_type=faqs&p=12512) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [Will my bakery machinery finance be tax deductible?](https://jade.finance/?post_type=faqs&p=12509) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [Can the purchase of point-of-sale systems for bake houses be financed?](https://jade.finance/?post_type=faqs&p=12508) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [Are bakery equipment loans the same for new and second-hand ovens?](https://jade.finance/?post_type=faqs&p=12507) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [Can the full purchase price of equipment be included in a loan?](https://jade.finance/?post_type=faqs&p=12506) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [Our rent is high and we need to keep other overheads as low as possible. What terms will we get on bakery equipment finance?](https://jade.finance/?post_type=faqs&p=12505) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [What type of equipment for a bake house can be purchased with finance?](https://jade.finance/?post_type=faqs&p=12502) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Bakery Equipment Loans FAQs --- ### [Are there any penalties for early repayment?](https://jade.finance/?post_type=faqs&p=12470) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Fuso Truck Finance FAQs --- ### [How long does the approval process take?](https://jade.finance/?post_type=faqs&p=12468) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Fuso Truck Finance FAQs --- ### [What documents are needed for my Fuso truck loan application?](https://jade.finance/?post_type=faqs&p=12465) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Fuso Truck Finance FAQs --- ### [What are the requirements for businesses wanting to source finance for a Fuso truck?](https://jade.finance/?post_type=faqs&p=12464) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Fuso Truck Finance FAQs --- ### [Can I finance both new and used Fuso trucks?](https://jade.finance/?post_type=faqs&p=12463) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Fuso Truck Finance FAQs --- ### [Is there a minimum credit score required for a Fuso truck loan?](https://jade.finance/?post_type=faqs&p=12462) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Fuso Truck Finance FAQs --- ### [What are the interest rates and repayment terms for a Fuso truck loan?](https://jade.finance/?post_type=faqs&p=12461) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Fuso Truck Finance FAQs --- ### [What is Jade’s application process for Fuso truck finance?](https://jade.finance/?post_type=faqs&p=12460) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Fuso Truck Finance FAQs --- ### [What is the interest rate on boat loans?](https://jade.finance/?post_type=faqs&p=12439) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [Will the type of boat I’m buying affect my boat loan interest rate?](https://jade.finance/?post_type=faqs&p=12437) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [Are boat loan interest rates fixed or variable?](https://jade.finance/?post_type=faqs&p=12436) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [What loans for boats have the best interest rate?](https://jade.finance/?post_type=faqs&p=12435) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [Why are there so many differences with boat loan interest rates from banks and finance companies?](https://jade.finance/?post_type=faqs&p=12434) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [What is a Comparison Rate?](https://jade.finance/?post_type=faqs&p=12433) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [How can I get the cheapest interest rate on a boat loan?](https://jade.finance/?post_type=faqs&p=12431) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [Will the interest rate on my boat loan change over the loan term?](https://jade.finance/?post_type=faqs&p=12430) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [What are the boat financing interest rates for jet skis?](https://jade.finance/?post_type=faqs&p=12429) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [Does the Reserve Bank set boat loan interest rates?](https://jade.finance/?post_type=faqs&p=12427) **Published:** July 23, 2024 **Author:** Publisher **FAQ Categories:** Boat Loan Interest Rates FAQs --- ### [Is it hard to get a low doc boat loan?](https://jade.finance/?post_type=faqs&p=12406) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [What are the advantages of a low doc boat loan?](https://jade.finance/?post_type=faqs&p=12404) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [What is a low doc boat loan?](https://jade.finance/?post_type=faqs&p=12403) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [What documentation do I need to apply for a low doc boat loan?](https://jade.finance/?post_type=faqs&p=12401) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [How long does it take to get approval on a low doc boat loan?](https://jade.finance/?post_type=faqs&p=12400) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [What is the basic criteria for qualifying for a low doc boat loan?](https://jade.finance/?post_type=faqs&p=12399) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [What are the interest rates like for low doc boat loans?](https://jade.finance/?post_type=faqs&p=12397) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [How much can I borrow with a low doc boat loan?](https://jade.finance/?post_type=faqs&p=12396) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [Can I repay a low doc boat loan early?](https://jade.finance/?post_type=faqs&p=12395) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [What happens if I default on a low doc boat loan?](https://jade.finance/?post_type=faqs&p=12391) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Finance FAQs --- ### [Is no deposit financing available for Secured Boat Loans?](https://jade.finance/?post_type=faqs&p=12356) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [What collateral is needed for a Secured Boat Loan?](https://jade.finance/?post_type=faqs&p=12355) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [What interest rate is available for Secured Boat Finance?](https://jade.finance/?post_type=faqs&p=12354) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [If the lender has security with a Secured Boat Loan, will I own the boat?](https://jade.finance/?post_type=faqs&p=12353) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [What are the differences between unsecured and secured loans for boats?](https://jade.finance/?post_type=faqs&p=12352) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [How do I get an idea of repayments for secured boat finance?](https://jade.finance/?post_type=faqs&p=12351) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [With secured boat finance, when will the boat be released as collateral?](https://jade.finance/?post_type=faqs&p=12350) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [Why does a secured boat loan require insurance?](https://jade.finance/?post_type=faqs&p=12349) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [Can secured loans be obtained for second-hand boats?](https://jade.finance/?post_type=faqs&p=12348) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [What are my options if my boat is not accepted for a secured loan?](https://jade.finance/?post_type=faqs&p=12347) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Secured Boat Loan FAQs --- ### [What commercial fishing boat financing would best suit buying a trawler?](https://jade.finance/?post_type=faqs&p=12332) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [What interest rate applies to business boat finance?](https://jade.finance/?post_type=faqs&p=12331) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [What business boat loans are available for new operators?](https://jade.finance/?post_type=faqs&p=12330) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [What are balloons, residuals and buybacks?](https://jade.finance/?post_type=faqs&p=12329) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [Will my commercial boat loan repayments be a tax deduction?](https://jade.finance/?post_type=faqs&p=12326) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [Can second-hand boats be financed with commercial vessel financing?](https://jade.finance/?post_type=faqs&p=12325) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [Do jet skis for a hire business qualify for commercial boat financing?](https://jade.finance/?post_type=faqs&p=12322) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [If purchasing a trailerable fishing boat for our fish charter business, will the trailer and boat be included in the loan?](https://jade.finance/?post_type=faqs&p=12321) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [What documents do I need to apply for a business boat loan?](https://jade.finance/?post_type=faqs&p=12320) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [What security is needed to get approved for commercial boat finance?](https://jade.finance/?post_type=faqs&p=12319) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Commercial Boat Finance FAQs --- ### [What does no collateral boat finance mean?](https://jade.finance/?post_type=faqs&p=12302) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [How does an unsecured boat loan differ from a secured boat loan?](https://jade.finance/?post_type=faqs&p=12300) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [Will my interest rate on no collateral boat finance change over the term?](https://jade.finance/?post_type=faqs&p=12299) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [What is needed to get approved for an unsecured boat loan?](https://jade.finance/?post_type=faqs&p=12298) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [What terms are available for boat loans without security?](https://jade.finance/?post_type=faqs&p=12297) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [What types of boats can be financed without collateral?](https://jade.finance/?post_type=faqs&p=12296) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [I’m buying a boat with a mate, would an unsecured boat loan suit financing my share?](https://jade.finance/?post_type=faqs&p=12295) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [The bank said my second-hand boat is not suitable collateral for a secured loan, are there other loan options?](https://jade.finance/?post_type=faqs&p=12294) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [Can I borrow the full purchase of a boat with unsecured credit?](https://jade.finance/?post_type=faqs&p=12293) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [What happens in the case of defaulting on an unsecured loan?](https://jade.finance/?post_type=faqs&p=12292) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Boat Loan FAQs --- ### [Can individuals use boat loan brokers for personal boat loans?](https://jade.finance/?post_type=faqs&p=12258) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [What type of loans do marine finance brokers handled?](https://jade.finance/?post_type=faqs&p=12257) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [How long does it take to get a boat loan through a broker?](https://jade.finance/?post_type=faqs&p=12256) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [Are boat loan brokerage services only available for commercial operators?](https://jade.finance/?post_type=faqs&p=12255) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [What interest rates do brokers offer on boat loans?](https://jade.finance/?post_type=faqs&p=12254) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [What types of boats do boat loan brokers source finance for?](https://jade.finance/?post_type=faqs&p=12253) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [Is a boat loan broker the same as a home loan broker?](https://jade.finance/?post_type=faqs&p=12243) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [Does a boat loan broker sell boats?](https://jade.finance/?post_type=faqs&p=12242) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [Will using a broker slow down the process of getting my boat loan?](https://jade.finance/?post_type=faqs&p=12240) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [Will using a marine finance broker affect my credit score?](https://jade.finance/?post_type=faqs&p=12238) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Broker FAQs --- ### [How do I know if the second-hand boat I’m buying will be acceptable collateral for a boat loan?](https://jade.finance/?post_type=faqs&p=12196) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [We’re setting up a dive school and don’t have the financials for business finance. How can be get a loan to buy our first boat?](https://jade.finance/?post_type=faqs&p=12194) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [Is Leasing available to finance second-hand cruisers for hospitality operators?](https://jade.finance/?post_type=faqs&p=12193) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [I’m buying a second-hand boat and trailer together. Will my used boat loan include both?](https://jade.finance/?post_type=faqs&p=12192) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [I’m buying from a private seller and would like my loans sorted so I can negotiate. Can I apply for a used boat loan before buying?](https://jade.finance/?post_type=faqs&p=12190) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [I’m considering buying a 3 year old wake boat. Does the age of the boat affect the boat loan?](https://jade.finance/?post_type=faqs&p=12189) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [What is the interest rate on loans for used boats?](https://jade.finance/?post_type=faqs&p=12188) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [What financing options are available for used commercial trawlers?](https://jade.finance/?post_type=faqs&p=12187) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [What type of loan do I need to finance a second-hand jet ski?](https://jade.finance/?post_type=faqs&p=12186) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [What collateral is needed for approval for used boat finance?](https://jade.finance/?post_type=faqs&p=12185) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Used Boat Loans FAQs --- ### [What type of boats can be leased?](https://jade.finance/?post_type=faqs&p=12178) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [How can you lease a boat?](https://jade.finance/?post_type=faqs&p=12177) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [When will I own the cruiser with Boat Leasing?](https://jade.finance/?post_type=faqs&p=12176) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [If the lender owns the boat under lease, what upkeep rego etc do I have to cover?](https://jade.finance/?post_type=faqs&p=12174) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [What name is a boat registered in if the lender retains ownership with boat leasing?](https://jade.finance/?post_type=faqs&p=12173) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [What is a residual?](https://jade.finance/?post_type=faqs&p=12172) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [Will my boat lease payments be tax deductible?](https://jade.finance/?post_type=faqs&p=12171) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [Why is my lease offer different to the results on the calculator?](https://jade.finance/?post_type=faqs&p=12169) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [What documents do I need to apply for a boat lease?](https://jade.finance/?post_type=faqs&p=12168) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [Can new operators get approved for leasing a boat?](https://jade.finance/?post_type=faqs&p=12165) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Leasing FAQs --- ### [If I request a boat finance quote, am I committed to proceed with the loan?](https://jade.finance/?post_type=faqs&p=12101) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [Is a boat loan quote a specific finance offer?](https://jade.finance/?post_type=faqs&p=12100) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [For what types of boats can I get a boat finance quote to purchase?](https://jade.finance/?post_type=faqs&p=12099) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [Can I get a quote for a boat loan before I decide which boat to buy?](https://jade.finance/?post_type=faqs&p=12098) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [What do I need to provide to get a quote for boat financing?](https://jade.finance/?post_type=faqs&p=12097) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [Do you need a boating licence to request a boat loan quote?](https://jade.finance/?post_type=faqs&p=12096) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [If I get a boat financing quote, how long is it valid for?](https://jade.finance/?post_type=faqs&p=12095) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [Can I get an idea of my boat loan before requesting a quote?](https://jade.finance/?post_type=faqs&p=12094) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [Should I request quotes from multiple lenders to ensure I have the cheapest boat loan?](https://jade.finance/?post_type=faqs&p=12093) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Boat Finance Quote FAQs --- ### [How is an unsecured loan different from a secured loan?](https://jade.finance/?post_type=faqs&p=12062) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [What are unsecured loans used for?](https://jade.finance/?post_type=faqs&p=12061) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [What do I need to get credit without security approved?](https://jade.finance/?post_type=faqs&p=12060) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [Why is the interest rate higher for unsecured options?](https://jade.finance/?post_type=faqs&p=12059) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [Can I fund staff training expenses with credit?](https://jade.finance/?post_type=faqs&p=12058) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [What are the alternatives to credit without security?](https://jade.finance/?post_type=faqs&p=12057) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [Will I need to provide any collateral for an unsecured business loan?](https://jade.finance/?post_type=faqs&p=12056) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [What terms are available on funding without security?](https://jade.finance/?post_type=faqs&p=12055) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [Are SMEs eligible for funding without security?](https://jade.finance/?post_type=faqs&p=12054) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [Is an overdraft better than unsecured finance for cash flow support?](https://jade.finance/?post_type=faqs&p=12053) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [How can I get an idea of repayments on funding options?](https://jade.finance/?post_type=faqs&p=12052) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [Will my interest rate increase over the funding term?](https://jade.finance/?post_type=faqs&p=12051) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [Are there limits to the amount on funding with no security?](https://jade.finance/?post_type=faqs&p=12050) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [As the owner of the operation, will I need to give a personal guarantee?](https://jade.finance/?post_type=faqs&p=12049) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [Are unsecured business loans tax deductible?](https://jade.finance/?post_type=faqs&p=12046) **Published:** July 22, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Business Loan FAQs --- ### [What are the credit options to fund motor vehicles?](https://jade.finance/?post_type=faqs&p=11954) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [Can I get approved for credit as a new operation just starting up?](https://jade.finance/?post_type=faqs&p=11953) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [I’m a sole trader and need machinery funding, am I eligible?](https://jade.finance/?post_type=faqs&p=11952) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [What credit option offers the best tax benefits?](https://jade.finance/?post_type=faqs&p=11951) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [Will my truck funding repayments be tax deductible?](https://jade.finance/?post_type=faqs&p=11950) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [What is a non-bank lender?](https://jade.finance/?post_type=faqs&p=11949) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [Is collateral required for unsecured funding?](https://jade.finance/?post_type=faqs&p=11947) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [Is the interest rate the same on all types of funding?](https://jade.finance/?post_type=faqs&p=11946) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [Can I find out my car finance repayments before applying?](https://jade.finance/?post_type=faqs&p=11945) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [We have a cash flow shortfall due to the seasonal nature of our operation. What credit options would suit to fund the shortfall?](https://jade.finance/?post_type=faqs&p=11944) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Commercial Loan FAQs --- ### [Is a balloon available on new boat finance?](https://jade.finance/?post_type=faqs&p=11921) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [What are the tax deductions for businesses on new boat finance?](https://jade.finance/?post_type=faqs&p=11920) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [Do you need a boating licence to get approved for a new boat loan?](https://jade.finance/?post_type=faqs&p=11918) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [I want to order a new boat at a boat show, can I get my financing approved beforehand?](https://jade.finance/?post_type=faqs&p=11917) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [What finance facilities are available for businesses to purchase new vessels?](https://jade.finance/?post_type=faqs&p=11916) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [Are loan rates for new boats the same for all types of boats?](https://jade.finance/?post_type=faqs&p=11915) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [What collateral is required for a new boat loan?](https://jade.finance/?post_type=faqs&p=11914) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [Can new boats be financed with Lease?](https://jade.finance/?post_type=faqs&p=11913) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [What is the best type of new boat purchase loans?](https://jade.finance/?post_type=faqs&p=11912) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [Are new boat loans the same for yachts and power boats?](https://jade.finance/?post_type=faqs&p=11911) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** New Boat Loans FAQs --- ### [How do I refinance my marine loan?](https://jade.finance/?post_type=faqs&p=11863) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [Will my credit score be affected if I refinance a boat loan?](https://jade.finance/?post_type=faqs&p=11862) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [Will refinancing boat loan give me lower monthly payments?](https://jade.finance/?post_type=faqs&p=11861) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [Do I have to have the same lender for marine loan refinancing?](https://jade.finance/?post_type=faqs&p=11860) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [Will I have to pay fees on my current loan if I refinance?](https://jade.finance/?post_type=faqs&p=11858) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [Will I get a lower interest rate if I refinance a boat loan?](https://jade.finance/?post_type=faqs&p=11857) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [Can I get boat refinancing for a jet ski?](https://jade.finance/?post_type=faqs&p=11856) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [What type of loan is a refinanced boat loan?](https://jade.finance/?post_type=faqs&p=11855) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [Will I get the same interest rate as the original loan when refinancing a boat loan?](https://jade.finance/?post_type=faqs&p=11854) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [Can personal boat loans be refinanced?](https://jade.finance/?post_type=faqs&p=11853) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Refinancing Boat Loans FAQs --- ### [The offer including the rate I've received is different from the repayments I worked out using the loan calculator – why?](https://jade.finance/?post_type=faqs&p=4755) **Published:** October 17, 2023 **Author:** Publisher **FAQ Categories:** Business Loan Rates FAQs --- ### [Are low doc boat loan applicants eligible to include a balloon?](https://jade.finance/?post_type=faqs&p=11816) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [Can the full purchase price of a boat be included in financing with low docs?](https://jade.finance/?post_type=faqs&p=11815) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [What security is needed for boat loans with no documentation?](https://jade.finance/?post_type=faqs&p=11814) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [Is low doc boat financing better than a personal loan?](https://jade.finance/?post_type=faqs&p=11813) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [Can a boat be leased with financing with low documentation?](https://jade.finance/?post_type=faqs&p=11812) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [What are the essential requirements for no doc boat finance?](https://jade.finance/?post_type=faqs&p=11811) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [What types of vessels can be financed with no paperwork?](https://jade.finance/?post_type=faqs&p=11810) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [What interest rates apply to boat financing with low documentation?](https://jade.finance/?post_type=faqs&p=11809) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [How do no doc boat loans and low docs boat finance differ?](https://jade.finance/?post_type=faqs&p=11808) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [What type of credit facility is a low doc boat loan?](https://jade.finance/?post_type=faqs&p=11807) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Boat Loans --- ### [What collateral is required to secure personal credit?](https://jade.finance/?post_type=faqs&p=11632) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [How do I start the personal loan application process?](https://jade.finance/?post_type=faqs&p=11631) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [I am in casual employment, am I eligible for a personal loan?](https://jade.finance/?post_type=faqs&p=11630) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [Can self-employed individuals secure personal credit?](https://jade.finance/?post_type=faqs&p=11629) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [What is conditional approval?](https://jade.finance/?post_type=faqs&p=11628) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [Do I need to go into a bank branch as part of the loan application steps?](https://jade.finance/?post_type=faqs&p=11627) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [I’d like to get approved for a personal loan before I make travel plans. Is that possible?](https://jade.finance/?post_type=faqs&p=11626) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [Can I get a personal loan to install solar panels?](https://jade.finance/?post_type=faqs&p=11625) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [When will I get the funds after applying for a personal loan?](https://jade.finance/?post_type=faqs&p=11624) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [How long will I have to pay off a personal loan?](https://jade.finance/?post_type=faqs&p=11623) **Published:** July 19, 2024 **Author:** Publisher **FAQ Categories:** Personal Loan Application FAQs --- ### [What are my options for CNC machine loans?](https://jade.finance/?post_type=faqs&p=11523) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [Are interest rates the same for loans on all types of industrial machinery?](https://jade.finance/?post_type=faqs&p=11522) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [I’m setting up my own welding business, will I get approved for welding equipment finance?](https://jade.finance/?post_type=faqs&p=11521) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [Will my band saw loan payments be tax deductible?](https://jade.finance/?post_type=faqs&p=11520) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [We need to get custom machines for a special customer job. Is financing for customised models available?](https://jade.finance/?post_type=faqs&p=11519) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [We’re considering buying used tooling machines. What loan options are available?](https://jade.finance/?post_type=faqs&p=11518) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [Can I get industrial machinery loan estimates without requesting a quote?](https://jade.finance/?post_type=faqs&p=11517) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [We’re buying high-ticket machinery. What financing terms can we get to keep repayments affordable?](https://jade.finance/?post_type=faqs&p=11516) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [I’m planning to buy steel fabrication machines at auction. Can I get my finance sorted before the sale?](https://jade.finance/?post_type=faqs&p=11515) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [Why is my cutting machine loan quote different from the result I got using the online finance calculator?](https://jade.finance/?post_type=faqs&p=11514) **Published:** July 18, 2024 **Author:** Publisher **FAQ Categories:** Industrial Machinery Loan FAQs --- ### [What guidelines are there on what healthcare equipment can be financed?](https://jade.finance/?post_type=faqs&p=11079) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [We are looking to install a new patient records keeping system. Can IT systems be financed?](https://jade.finance/?post_type=faqs&p=11078) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [What is the interest rate on healthcare equipment loans?](https://jade.finance/?post_type=faqs&p=11077) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [What types of loans are suited to financing healthcare equipment?](https://jade.finance/?post_type=faqs&p=11076) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [Is a balloon payment available on healthcare device loans?](https://jade.finance/?post_type=faqs&p=11075) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [Will the repayments on our healthcare machine finance be a tax deduction?](https://jade.finance/?post_type=faqs&p=11074) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [Are medical practice partnerships eligible for healthcare equipment finance?](https://jade.finance/?post_type=faqs&p=11073) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [We need to set long-term budgets. Will our healthcare equipment loan repayments change over time?](https://jade.finance/?post_type=faqs&p=11072) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [The system we are buying includes significant installing and commissioning costs. Can these expenses be financed?](https://jade.finance/?post_type=faqs&p=11071) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [We’re ordering machines from an international supplier. Is financing available for overseas equipment purchase?](https://jade.finance/?post_type=faqs&p=11070) **Published:** July 16, 2024 **Author:** Publisher **FAQ Categories:** Healthcare Equipment Loan FAQs --- ### [What types of loans are available to finance forestry equipment?](https://jade.finance/?post_type=faqs&p=11013) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [Can all types of machines – mulchers, saws, harvesters, be financed with the same forestry machine loans?](https://jade.finance/?post_type=faqs&p=11012) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [Can self-employed timber industry contractors get approved for logging machinery loans?](https://jade.finance/?post_type=faqs&p=11011) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [I want to order a range of accessories for my new sawing machine. Can they be included in my forestry machine loan?](https://jade.finance/?post_type=faqs&p=11010) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [What do I need to apply for a mulcher loan?](https://jade.finance/?post_type=faqs&p=11009) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [Will our sawing machine finance payments be a tax deduction?](https://jade.finance/?post_type=faqs&p=11008) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [I’m planning to order at a field day and need a harvester loan approved before hand, what do I do?](https://jade.finance/?post_type=faqs&p=11007) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [What is the interest rate on forestry equipment financing?](https://jade.finance/?post_type=faqs&p=11006) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [Will the forestry equipment loan interest rate on my finance increase while repaying the loan?](https://jade.finance/?post_type=faqs&p=11005) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [How does a balloon payment work?](https://jade.finance/?post_type=faqs&p=11004) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Forestry Equipment Loan FAQs --- ### [Can sole traders get approved for business equipment leasing?](https://jade.finance/?post_type=faqs&p=10878) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [Is Leasing equipment better than Chattel Mortgage?](https://jade.finance/?post_type=faqs&p=10877) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [Does Leasing attract good interest rates?](https://jade.finance/?post_type=faqs&p=10876) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [What is the residual?](https://jade.finance/?post_type=faqs&p=10875) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [Is equipment lease financing tax deductible?](https://jade.finance/?post_type=faqs&p=10874) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [What types of business equipment can be financed with leasing?](https://jade.finance/?post_type=faqs&p=10873) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [What are the equipment financing options other than leasing?](https://jade.finance/?post_type=faqs&p=10872) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [Can I lease the full cost of equipment?](https://jade.finance/?post_type=faqs&p=10871) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [Can second hand equipment be financed with leasing?](https://jade.finance/?post_type=faqs&p=10870) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [I’m starting a new business and need excavation equipment. Am I eligible for equipment lease?](https://jade.finance/?post_type=faqs&p=10869) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Equipment Leasing FAQs --- ### [What types of aircraft can be purchased with finance?](https://jade.finance/?post_type=faqs&p=10692) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [What are the aircraft loan options for private aircraft?](https://jade.finance/?post_type=faqs&p=10691) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [What are the aircraft financing options for commercial operators?](https://jade.finance/?post_type=faqs&p=10690) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [What security or collateral is required for an airplane loan?](https://jade.finance/?post_type=faqs&p=10689) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [Is helicopter finance the same as fixed wing airplane loans?](https://jade.finance/?post_type=faqs&p=10688) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [What loan terms are available for aircraft financing?](https://jade.finance/?post_type=faqs&p=10687) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [What tax deductions are available on airplane financing?](https://jade.finance/?post_type=faqs&p=10686) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [What airplane finance options are available to new aviation operators?](https://jade.finance/?post_type=faqs&p=10685) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [How can I estimate my airplane loan prior to submitting an application?](https://jade.finance/?post_type=faqs&p=10684) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [I’m a self-employed contract musterer looking to upgrade my aircraft. Will I get approved for the best rates on financing?](https://jade.finance/?post_type=faqs&p=10683) **Published:** July 15, 2024 **Author:** Publisher **FAQ Categories:** Aircraft Finance FAQs --- ### [How can I estimate what my lease-end value amount may be on a Novated Lease?](https://jade.finance/?post_type=faqs&p=6812) **Published:** May 15, 2024 **Author:** Publisher **FAQ Categories:** Novated Lease Residual Values FAQs --- ### [What vehicle credit option offers the best interest rate for private buyers?](https://jade.finance/?post_type=faqs&p=9958) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [What are the funding options for commercial operators to fund new vehicles?](https://jade.finance/?post_type=faqs&p=9957) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [Can ABN holders get commercial vehicle funding at good rates?](https://jade.finance/?post_type=faqs&p=9956) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [Can I get tax deductions with vehicle funding?](https://jade.finance/?post_type=faqs&p=9955) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [What is the interest rate on used vehicle funding?](https://jade.finance/?post_type=faqs&p=9954) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [How can I get the lowest interest rate?](https://jade.finance/?post_type=faqs&p=9953) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [What is a balloon payment?](https://jade.finance/?post_type=faqs&p=9952) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [Will my interest rate go up or down with RBA decisions?](https://jade.finance/?post_type=faqs&p=9951) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [What term can I get on motor vehicle funding?](https://jade.finance/?post_type=faqs&p=9950) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [I just got my driver licence, can I get funding to buy a vehicle?](https://jade.finance/?post_type=faqs&p=9949) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [The bank said I don’t have all the financials to get approved for vehicle credit. What are my options for good rate funding?](https://jade.finance/?post_type=faqs&p=9948) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [Are there differences in interest rates for funding on different types of vehicles?](https://jade.finance/?post_type=faqs&p=9947) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [What commercial credit options offer the best interest rates?](https://jade.finance/?post_type=faqs&p=9946) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [Does the amount of the funding/price of the vehicle affect the interest rate?](https://jade.finance/?post_type=faqs&p=9945) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [How can I work our my interest rate before applying?](https://jade.finance/?post_type=faqs&p=9944) **Published:** July 9, 2024 **Author:** Publisher **FAQ Categories:** Car Loan Interest Rates FAQs --- ### [What is a good credit score?](https://jade.finance/?post_type=faqs&p=8554) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Bad Credit Boat Loan FAQs --- ### [What is the overall process of applying for a bad credit boat loan?](https://jade.finance/?post_type=faqs&p=8550) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Bad Credit Boat Loan FAQs --- ### [What can I do to improve my chance of getting the application approved?](https://jade.finance/?post_type=faqs&p=8551) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Bad Credit Boat Loan FAQs --- ### [What documentation do I need to provide?](https://jade.finance/?post_type=faqs&p=8552) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Bad Credit Boat Loan FAQs --- ### [What do I need to provide on my boat chattel mortgage application?](https://jade.finance/?post_type=faqs&p=8564) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [What are the typical eligibility requirements for a business line of credit?](https://jade.finance/?post_type=faqs&p=8343) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [What do I need to provide with a low doc loan application?](https://jade.finance/?post_type=faqs&p=7927) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Personal Loan FAQs --- ### [What’s the difference between no doc and low doc?](https://jade.finance/?post_type=faqs&p=7929) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Personal Loan FAQs --- ### [How do I qualify for a low doc personal loan with Jade Finance?](https://jade.finance/?post_type=faqs&p=7932) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Personal Loan FAQs --- ### [Will applying for a low doc personal loan affect my credit score?](https://jade.finance/?post_type=faqs&p=7931) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Personal Loan FAQs --- ### [Why use a commercial loan broker for low doc financing?](https://jade.finance/?post_type=faqs&p=7933) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Low Doc Personal Loan FAQs --- ### [What types of caravans are eligible for no deposit finance?](https://jade.finance/?post_type=faqs&p=8321) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** No Deposit Caravan Finance FAQs --- ### [How do I apply for no deposit caravan finance through Jade Finance?](https://jade.finance/?post_type=faqs&p=8322) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** No Deposit Caravan Finance FAQs --- ### [What are the benefits of choosing no deposit caravan finance?](https://jade.finance/?post_type=faqs&p=8325) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** No Deposit Caravan Finance FAQs --- ### [What are the eligibility criteria for no deposit caravan finance?](https://jade.finance/?post_type=faqs&p=8327) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** No Deposit Caravan Finance FAQs --- ### [What are the eligibility criteria for obtaining a camera equipment loan?](https://jade.finance/?post_type=faqs&p=8223) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Camera Equipment Loan FAQs --- ### [How does a loan health check differ from a loan refinance?](https://jade.finance/?post_type=faqs&p=8183) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Loan Health Care Check FAQs --- ### [What are the common mistakes to avoid during a loan health check?](https://jade.finance/?post_type=faqs&p=8182) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Loan Health Care Check FAQs --- ### [When is the best time to get a loan health check?](https://jade.finance/?post_type=faqs&p=8179) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Loan Health Care Check FAQs --- ### [What are the loan review steps at Jade Finance?](https://jade.finance/?post_type=faqs&p=8178) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Loan Health Care Check FAQs --- ### [What documents do I need for a loan health check?](https://jade.finance/?post_type=faqs&p=8186) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Loan Health Care Check FAQs --- ### [How often should I perform a loan health check?](https://jade.finance/?post_type=faqs&p=8187) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Loan Health Care Check FAQs --- ### [What lending products are used in truck refinancing?](https://jade.finance/?post_type=faqs&p=8462) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [What are the eligibility criteria for bus and coaster loans?](https://jade.finance/?post_type=faqs&p=8359) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [What documentation is required for the loan application?](https://jade.finance/?post_type=faqs&p=8357) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [Can I refinance an existing bus or coaster loan?](https://jade.finance/?post_type=faqs&p=8356) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [What types of veterinary equipment can be financed?](https://jade.finance/?post_type=faqs&p=8273) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [How much can I borrow with secured boat finance?](https://jade.finance/?post_type=faqs&p=8571) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [Can I use a boat chattel mortgage to finance a leisure product?](https://jade.finance/?post_type=faqs&p=8570) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [What is Chattel Mortgage?](https://jade.finance/?post_type=faqs&p=8569) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [What are the benefits of boat chattel mortgage?](https://jade.finance/?post_type=faqs&p=8568) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [What happens if I can’t repay my boat security loan?](https://jade.finance/?post_type=faqs&p=8567) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [Can I pay off a mortgage over a boat early?](https://jade.finance/?post_type=faqs&p=8566) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [What is a secured boat loan?](https://jade.finance/?post_type=faqs&p=8565) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [Who does a boat chattel mortgage suit?](https://jade.finance/?post_type=faqs&p=8563) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Boat Chattel Mortgage FAQs --- ### [How can I improve my credit score?](https://jade.finance/?post_type=faqs&p=8553) **Published:** June 27, 2024 **Author:** Publisher --- ### [Is funding available to cover the expense of an upgrade to new fuel cell systems?](https://jade.finance/?post_type=faqs&p=8541) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [Will my vehicle servicing work credit cover both labour and parts?](https://jade.finance/?post_type=faqs&p=8540) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [What credit facilities are available for the costs of repairing heavy vehicles?](https://jade.finance/?post_type=faqs&p=8539) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [What will my interest rate be on vehicle maintenance funding?](https://jade.finance/?post_type=faqs&p=8538) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [Would a line of credit be available to cover engine reconditioning expenses?](https://jade.finance/?post_type=faqs&p=8537) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [For secured credit to cover credit for vehicle maintenance, what collateral will I need to provide?](https://jade.finance/?post_type=faqs&p=8536) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [I need to upgrade systems and parts to meet new heavy vehicle legislation. Can I get funding to cover the costs?](https://jade.finance/?post_type=faqs&p=8535) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [Will the interest rate on my vehicle maintenance credit change over the term?](https://jade.finance/?post_type=faqs&p=8534) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [Are tax deductions available on vehicle maintenance credit products?](https://jade.finance/?post_type=faqs&p=8533) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [I need to get an idea of credit costs before I order the work on my vehicle. How can I do that easily?](https://jade.finance/?post_type=faqs&p=8532) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [Can I get funding to cover engine reconditioning?](https://jade.finance/?post_type=faqs&p=8531) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [Is funding available to cover vehicle accident damage not covered by insurance?](https://jade.finance/?post_type=faqs&p=8530) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Repair Finance FAQs --- ### [Is Leasing available to finance used heavy vehicles?](https://jade.finance/?post_type=faqs&p=8518) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [Are used truck loan repayments a tax deduction?](https://jade.finance/?post_type=faqs&p=8517) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [Are used trucks still eligible for a balloon in the financing?](https://jade.finance/?post_type=faqs&p=8516) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [Are interest rates on used truck finance the same as rates for new truck loans?](https://jade.finance/?post_type=faqs&p=8515) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [Does the size of configuration of a second-hand heavy vehicle affect the loan?](https://jade.finance/?post_type=faqs&p=8514) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [Can financing used trucks be approved ahead of purchase for buying at auction?](https://jade.finance/?post_type=faqs&p=8513) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [Is there a way to calculate possible payments for used truck finance?](https://jade.finance/?post_type=faqs&p=8512) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [Is financing for used prime mover and the trailer together available?](https://jade.finance/?post_type=faqs&p=8511) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [How does the age of a vehicle impact the used truck loan?](https://jade.finance/?post_type=faqs&p=8510) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [I want to set up my own operation with a second-hand truck, will I be able to get financing?](https://jade.finance/?post_type=faqs&p=8509) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Used Truck Finance FAQs --- ### [What is the most suitable credit facility to finance truck trailers?](https://jade.finance/?post_type=faqs&p=8503) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [Is finance for semi-trailers from all makes the same?](https://jade.finance/?post_type=faqs&p=8502) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [Are sole traders eligible for truck trailer finance?](https://jade.finance/?post_type=faqs&p=8501) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [What financing options are available for used semi-trailers?](https://jade.finance/?post_type=faqs&p=8500) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [What is the maximum term I will get to repay a truck trailer loan?](https://jade.finance/?post_type=faqs&p=8499) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [Will my semi-trailer loan repayments be tax deductible?](https://jade.finance/?post_type=faqs&p=8498) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [Can I borrow the full purchase price of a new truck trailer?](https://jade.finance/?post_type=faqs&p=8497) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [What is the interest rate on truck trailer finance?](https://jade.finance/?post_type=faqs&p=8496) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [Does the interest rate on truck trailer loans go up over the term?](https://jade.finance/?post_type=faqs&p=8495) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [What are balloons and residuals?](https://jade.finance/?post_type=faqs&p=8494) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Trailer Loan FAQs --- ### [Does refinancing truck loans deliver lower interest rates?](https://jade.finance/?post_type=faqs&p=8487) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [Will I get lower monthly repayments if I refinance a truck loan?](https://jade.finance/?post_type=faqs&p=8486) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [When is the right time to consider truck refinancing options?](https://jade.finance/?post_type=faqs&p=8485) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [Can I refinance a truck lease with a Chattel Mortgage?](https://jade.finance/?post_type=faqs&p=8484) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [Can a balloon be refinanced?](https://jade.finance/?post_type=faqs&p=8483) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [What credit products are used to refinance a truck loan?](https://jade.finance/?post_type=faqs&p=8482) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [Will I get a balloon if I refinance my current truck loan?](https://jade.finance/?post_type=faqs&p=8481) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [I was approved for my current truck loan without financials. If I refinance, will I get a better deal?](https://jade.finance/?post_type=faqs&p=8480) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [Our credit profile has improved a lot since we got our truck loan. If we refinance, will we be offered a low rate?](https://jade.finance/?post_type=faqs&p=8479) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [I’m not 100% happy with our current truck loan lender. Can I change lenders with refinancing?](https://jade.finance/?post_type=faqs&p=8478) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Refinancing Options FAQs --- ### [Do I have to stay with the same lender when refinancing a loan?](https://jade.finance/?post_type=faqs&p=8467) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [What is refinancing?](https://jade.finance/?post_type=faqs&p=8466) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [Am I able to refinance my truck loan for a shorter term with higher repayments?](https://jade.finance/?post_type=faqs&p=8465) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [What costs are involved in refinancing a truck loan?](https://jade.finance/?post_type=faqs&p=8464) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [When is the best time to refinance my truck loan?](https://jade.finance/?post_type=faqs&p=8463) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [Will I get a lower rate if I refinance my truck?](https://jade.finance/?post_type=faqs&p=8461) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [How do I know if I need to refinance my truck?](https://jade.finance/?post_type=faqs&p=8460) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [What terms are available on refinanced truck loans?](https://jade.finance/?post_type=faqs&p=8459) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [Is a balloon payment option available on refinanced truck loans?](https://jade.finance/?post_type=faqs&p=8458) **Published:** June 27, 2024 **Author:** Publisher **FAQ Categories:** Truck Loan Refinance FAQs --- ### [When will I own the vehicle with leasing?](https://jade.finance/?post_type=faqs&p=8444) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [What are the tax deductions with off-balance sheet credit facilities?](https://jade.finance/?post_type=faqs&p=8443) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [Will GST be included in my monthly payments?](https://jade.finance/?post_type=faqs&p=8442) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [Does Heavy Vehicle Leasing have a good interest rate?](https://jade.finance/?post_type=faqs&p=8441) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [What does off-balance sheet mean?](https://jade.finance/?post_type=faqs&p=8440) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [What are best credit options for heavy vehicles with new technology fuel systems?](https://jade.finance/?post_type=faqs&p=8439) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [Is there an easy way to make comparisons with the various credit options?](https://jade.finance/?post_type=faqs&p=8438) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [What are the requirements to apply for heavy vehicle funding?](https://jade.finance/?post_type=faqs&p=8437) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [Why is the heavy vehicle credit offer I’ve received more than what I calculated with the credit calculator?](https://jade.finance/?post_type=faqs&p=8436) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [Is funding the same for new and used heavy vehicles?](https://jade.finance/?post_type=faqs&p=8435) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [What is a residual?](https://jade.finance/?post_type=faqs&p=8434) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [What credit term is available on heavy vehicle funding?](https://jade.finance/?post_type=faqs&p=8433) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Truck Lease FAQs --- ### [I want to buy a heavy vehicle, is an operating lease for purchase or just hire?](https://jade.finance/?post_type=faqs&p=8425) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [Are operating lease payments tax deductible?](https://jade.finance/?post_type=faqs&p=8424) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [To be eligible for an operating lease, is GST registration necessary?](https://jade.finance/?post_type=faqs&p=8423) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [Is an operating lease suitable for all types of enterprises?](https://jade.finance/?post_type=faqs&p=8422) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [Why is an operating lease described as off-balance sheet?](https://jade.finance/?post_type=faqs&p=8421) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [Is an operating lease suitable for new technology vehicles?](https://jade.finance/?post_type=faqs&p=8420) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [How can I compare rates and monthly payments on an operating lease with other credit facilities?](https://jade.finance/?post_type=faqs&p=8419) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [I’m setting up a new operation as an owner-drive. What are my operating lease options?](https://jade.finance/?post_type=faqs&p=8418) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [Why is the operating lease quote I obtained more than the repayments I calculated with an online funding calculator?](https://jade.finance/?post_type=faqs&p=8417) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [What lending term is available on operating leases for heavy vehicles?](https://jade.finance/?post_type=faqs&p=8416) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [When do I own the vehicle with an operating lease?](https://jade.finance/?post_type=faqs&p=8415) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Rent to Own Truck Finance FAQs --- ### [What does lite doc heavy vehicle funding mean?](https://jade.finance/?post_type=faqs&p=8404) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [Can owner-drives get lite doc vehicle funding approved?](https://jade.finance/?post_type=faqs&p=8403) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [I’m in the early stages of setting up a new operation, what do I need to apply for heavy vehicle funding?](https://jade.finance/?post_type=faqs&p=8402) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [Is Rent-to-Own vehicle funding available for operators without financials?](https://jade.finance/?post_type=faqs&p=8401) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [Are there restrictions on the types of heavy vehicles that can be funded with lite doc credit?](https://jade.finance/?post_type=faqs&p=8400) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [Can a new operator without all the accounts information get a balloon with Chattel Mortgage vehicle funding?](https://jade.finance/?post_type=faqs&p=8399) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [What interest rate on heavy vehicle credit will I get as a new owner driver?](https://jade.finance/?post_type=faqs&p=8398) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [Does heavy vehicle credit without financials still have tax deductions?](https://jade.finance/?post_type=faqs&p=8397) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [How can I get an idea of lite doc vehicle credit before actually applying?](https://jade.finance/?post_type=faqs&p=8396) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [I’ve been trading for 6 months but the bank has rejected my application for heavy vehicle credit. Are there other options?](https://jade.finance/?post_type=faqs&p=8395) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [So I don’t select a vehicle beyond my funding approval, as a new operator can I get credit approval before selecting a vehicle?](https://jade.finance/?post_type=faqs&p=8394) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [I’m only a new venture and don’t know which is the best credit product to fund my new vehicle.](https://jade.finance/?post_type=faqs&p=8393) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Low Doc & No Doc Truck Loan FAQs --- ### [What are the loan options for new operators for truck financing?](https://jade.finance/?post_type=faqs&p=8380) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [What is required for new business truck loan approval?](https://jade.finance/?post_type=faqs&p=8379) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [Is a balloon included in heavy vehicle loans for new operators?](https://jade.finance/?post_type=faqs&p=8378) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [My truck loan application was rejected by the bank due to insufficient financial details. What are my finance options?](https://jade.finance/?post_type=faqs&p=8377) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [Is Truck Lease available for new owner drivers?](https://jade.finance/?post_type=faqs&p=8376) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [What collateral will I need to get vehicle financing approved as a new business?](https://jade.finance/?post_type=faqs&p=8375) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [Will my new business truck loan be tax deductible?](https://jade.finance/?post_type=faqs&p=8374) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [I’m planning my new venture and would like to have confirmation of truck finance before buying. Is that possible?](https://jade.finance/?post_type=faqs&p=8373) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [I’m only new in business, how do I know which type of loan product to choose?](https://jade.finance/?post_type=faqs&p=8372) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [Can I get rough truck loan estimates without requesting a quote?](https://jade.finance/?post_type=faqs&p=8371) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** New Business Truck Finance FAQs --- ### [What are the benefits of financing a bus or coaster through Jade Finance?](https://jade.finance/?post_type=faqs&p=8360) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [How do interest rates and loan terms vary for bus and coaster loans?](https://jade.finance/?post_type=faqs&p=8358) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [How does my credit score impact my loan application?](https://jade.finance/?post_type=faqs&p=8355) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [Are there any prepayment penalties?](https://jade.finance/?post_type=faqs&p=8354) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [How long does the loan approval process take?](https://jade.finance/?post_type=faqs&p=8353) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [Can I finance both new and used buses and coasters?](https://jade.finance/?post_type=faqs&p=8352) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Bus and Coaster Loan FAQs --- ### [What is a business line of credit?](https://jade.finance/?post_type=faqs&p=8345) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [How do Business Lines of Credit work with Jade Finance?](https://jade.finance/?post_type=faqs&p=8344) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [How much can I borrow with a business line of credit?](https://jade.finance/?post_type=faqs&p=8342) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [Can I use a business line of credit for any business expense?](https://jade.finance/?post_type=faqs&p=8341) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [How does a business line of credit differ from a business loan?](https://jade.finance/?post_type=faqs&p=8340) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [How do repayments work with a business line of credit?](https://jade.finance/?post_type=faqs&p=8339) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [What happens if I miss a payment on my business line of credit?](https://jade.finance/?post_type=faqs&p=8338) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [Can I increase my business line of credit over time?](https://jade.finance/?post_type=faqs&p=8337) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [How quickly can I access funds from a business line of credit?](https://jade.finance/?post_type=faqs&p=8336) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Business Line of Credit FAQs --- ### [How does no deposit caravan financing work?](https://jade.finance/?post_type=faqs&p=8326) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** No Deposit Caravan Finance FAQs --- ### [Can I get no deposit caravan finance with a low credit score?](https://jade.finance/?post_type=faqs&p=8324) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** No Deposit Caravan Finance FAQs --- ### [What interest rates are typically offered for no deposit caravan loans?](https://jade.finance/?post_type=faqs&p=8323) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** No Deposit Caravan Finance FAQs --- ### [What are the repayment terms for no deposit caravan finance?](https://jade.finance/?post_type=faqs&p=8320) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** No Deposit Caravan Finance FAQs --- ### [Do I have to stay with the same lender when refinancing my caravan loan?](https://jade.finance/?post_type=faqs&p=8313) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [What is refinancing?](https://jade.finance/?post_type=faqs&p=8312) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [Am I able to refinance my caravan for a shorter term with higher repayments?](https://jade.finance/?post_type=faqs&p=8311) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [What costs are involved in refinancing a caravan loan?](https://jade.finance/?post_type=faqs&p=8310) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [When is the best time to refinance my caravan loan?](https://jade.finance/?post_type=faqs&p=8309) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [What lending products are used in caravan refinancing?](https://jade.finance/?post_type=faqs&p=8308) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [Will I get a lower rate if I refinance my caravan?](https://jade.finance/?post_type=faqs&p=8307) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [How do I know if I need to refinance my caravan?](https://jade.finance/?post_type=faqs&p=8306) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [What terms are available on refinanced caravan loans?](https://jade.finance/?post_type=faqs&p=8305) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [Is a balloon payment option available on refinanced caravan loans?](https://jade.finance/?post_type=faqs&p=8304) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Caravan Refinance Loan FAQs --- ### [What do I need to get approved for silage machine loan?](https://jade.finance/?post_type=faqs&p=8300) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [What financing products are suited for buying hay balers?](https://jade.finance/?post_type=faqs&p=8299) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [Is it possible to get silage machinery finance arranged ahead of field days?](https://jade.finance/?post_type=faqs&p=8298) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [What loan terms for mower finance?](https://jade.finance/?post_type=faqs&p=8297) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [Will my mower loan payments be tax deductible?](https://jade.finance/?post_type=faqs&p=8296) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [Are trust structures eligible for slasher finance?](https://jade.finance/?post_type=faqs&p=8295) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [Our turnover is seasonally based, will my hay baler loan payments can over time?](https://jade.finance/?post_type=faqs&p=8294) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [Are silage machine loan interest rates fixed or variable?](https://jade.finance/?post_type=faqs&p=8293) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [How can I compare payments on a Massey Ferguson with a Claas hay machine loan?](https://jade.finance/?post_type=faqs&p=8292) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [Can I get one loan for multiple hay balers?](https://jade.finance/?post_type=faqs&p=8291) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Hay and Silage FAQs --- ### [How do I qualify for a veterinary equipment loan?](https://jade.finance/?post_type=faqs&p=8275) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [What impact does my credit score have on my veterinary equipment loan application?](https://jade.finance/?post_type=faqs&p=8274) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [Are there any special financing terms for new veterinary practices?](https://jade.finance/?post_type=faqs&p=8272) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [How long does the loan approval process take?](https://jade.finance/?post_type=faqs&p=8271) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [Can I lease veterinary equipment instead of buying it?](https://jade.finance/?post_type=faqs&p=8270) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [What are the repayment options for veterinary equipment loans?](https://jade.finance/?post_type=faqs&p=8269) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [Are there any tax benefits associated with financing veterinary equipment?](https://jade.finance/?post_type=faqs&p=8268) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [How does Jade Finance support veterinary practices during the loan process?](https://jade.finance/?post_type=faqs&p=8267) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Veterinary Equipment Loan FAQs --- ### [What loan products can be used to finance mining equipment?](https://jade.finance/?post_type=faqs&p=8262) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [Are loans for mining equipment the same for all machinery types?](https://jade.finance/?post_type=faqs&p=8261) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [Can owner-operator contractors apply for mining equipment financing?](https://jade.finance/?post_type=faqs&p=8260) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [We want several attachments on our new graders. Can the purchase be included in the grader loan?](https://jade.finance/?post_type=faqs&p=8259) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [What finance terms can be approved on excavators for mining?](https://jade.finance/?post_type=faqs&p=8258) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [What tax deductions will we get on dragline system finance?](https://jade.finance/?post_type=faqs&p=8257) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [Can mining equipment be financed without additional collateral?](https://jade.finance/?post_type=faqs&p=8256) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [Is it possible for operators to get estimates on mining machine loans for budgeting?](https://jade.finance/?post_type=faqs&p=8255) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [We need specialised custom-built machines. Will we be able to the purchase financed?](https://jade.finance/?post_type=faqs&p=8254) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [What is needed to apply for mining machinery finance?](https://jade.finance/?post_type=faqs&p=8253) **Published:** June 26, 2024 **Author:** Publisher **FAQ Categories:** Mining Equipment Loan FAQs --- ### [Can I refinance my existing working capital loan?](https://jade.finance/?post_type=faqs&p=8101) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Working Capital Business Loans FAQs --- ### [How are working capital loans different from other business loans?](https://jade.finance/?post_type=faqs&p=8102) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Working Capital Business Loans FAQs --- ### [Can I use a working capital loan for any business purpose?](https://jade.finance/?post_type=faqs&p=8103) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Working Capital Business Loans FAQs --- ### [What are the interest rates for working capital loans at Jade Finance?](https://jade.finance/?post_type=faqs&p=8104) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Working Capital Business Loans FAQs --- ### [How long does the approval process take for a working capital loan?](https://jade.finance/?post_type=faqs&p=8105) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Working Capital Business Loans FAQs --- ### [What documentation is required to apply for a working capital loan?](https://jade.finance/?post_type=faqs&p=8106) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Working Capital Business Loans FAQs --- ### [Who is eligible for a working capital loan from Jade Finance?](https://jade.finance/?post_type=faqs&p=8107) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Working Capital Business Loans FAQs --- ### [What are the primary benefits of a working capital loan?](https://jade.finance/?post_type=faqs&p=8108) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Working Capital Business Loans FAQs --- ### [Is there a way to work out estimates on wedding finance options before applying?](https://jade.finance/?post_type=faqs&p=8004) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [How long will I get to pay off a loan for my wedding?](https://jade.finance/?post_type=faqs&p=8005) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [We need to pay deposits upfront for our wedding, how fast can we get a loan approved?](https://jade.finance/?post_type=faqs&p=8006) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [Are loans for wedding expenses available to parents of the bride?](https://jade.finance/?post_type=faqs&p=8007) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [How do I apply for financing my wedding?](https://jade.finance/?post_type=faqs&p=8008) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [What expenses does wedding financing cover?](https://jade.finance/?post_type=faqs&p=8009) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [What is the interest rate on wedding budget loans?](https://jade.finance/?post_type=faqs&p=8010) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [I’m invited to a destination wedding, can I get a loan for wedding expenses?](https://jade.finance/?post_type=faqs&p=8011) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [What is needed to apply for a personal loan for a wedding?](https://jade.finance/?post_type=faqs&p=8012) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [What wedding finance options are available?](https://jade.finance/?post_type=faqs&p=8013) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Wedding Finance FAQs --- ### [What will my repayments be on a used caravan loan?](https://jade.finance/?post_type=faqs&p=7868) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [Why are interest rates on unsecured used caravan loans higher than secured finance?](https://jade.finance/?post_type=faqs&p=7869) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [Is used caravan finance available for all models?](https://jade.finance/?post_type=faqs&p=7870) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [Can I borrow the full price of a used caravan?](https://jade.finance/?post_type=faqs&p=7871) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [Can I have my second-hand caravan loan approved before I find the right vehicle?](https://jade.finance/?post_type=faqs&p=7872) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [Can really old caravans from the 60s be financed with used caravan loans?](https://jade.finance/?post_type=faqs&p=7873) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [What is the interest rate on used caravan loans?](https://jade.finance/?post_type=faqs&p=7874) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [What is the PPSR?](https://jade.finance/?post_type=faqs&p=7875) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [What loan types are available to finance a used caravan?](https://jade.finance/?post_type=faqs&p=7876) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [Will the second-hand caravan I’m buying be OK as security for a loan?](https://jade.finance/?post_type=faqs&p=7877) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Used Caravan Loan FAQs --- ### [With no collateral provided, what is the process when a borrower defaults on unsecured finance?](https://jade.finance/?post_type=faqs&p=7853) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Caravan Finance FAQs --- ### [Do unsecured RV loans allow for borrowing the total purchase price?](https://jade.finance/?post_type=faqs&p=7854) **Published:** June 25, 2024 **Author:** Publisher **FAQ Categories:** Unsecured Caravan Finance FAQs --- ### [I’m planning to buy an old 60s caravan to restore. 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FAQs](https://jade.finance/faq/no-credit-car-loan-faqs/) --- ### [Classic Car Loan FAQs](https://jade.finance/faq/classic-car-loan-faqs/) --- ### [Volkswagen Car Finance FAQs](https://jade.finance/faq/volkswagen-car-finance-faqs/) --- ### [Toyota Car Loan FAQs](https://jade.finance/faq/toyota-car-loan-faqs/) --- ### [Ford Car Finance FAQs](https://jade.finance/faq/ford-car-finance-faqs/) --- ### [BMW Financing FAQs](https://jade.finance/faq/bmw-financing-faqs/) --- ### [Mercedes Car Finance FAQs](https://jade.finance/faq/mercedes-car-finance-faqs/) --- ### [Audi Car Loans FAQs](https://jade.finance/faq/audi-car-loans-faqs/) --- ### [Travel Finance FAQs](https://jade.finance/faq/travel-finance-faqs/) --- ### [Commercial Business Car Loan Rates FAQs](https://jade.finance/faq/commercial-business-car-loan-rates-faqs/) --- ### [New Business Car Loan FAQs](https://jade.finance/faq/new-business-car-loan-faqs/) --- ### [Bad Credit Novated Lease FAQs](https://jade.finance/faq/bad-credit-novated-lease-faqs/) --- ### [Mazda Finance FAQs](https://jade.finance/faq/mazda-finance-faqs/) --- ### [Used Car Novated Lease FAQs](https://jade.finance/faq/used-car-novated-lease-faqs/) --- ### [Hyundai Car Loan FAQs](https://jade.finance/faq/hyundai-car-loan-faqs/) --- ### [Nissan Financing FAQs](https://jade.finance/faq/nissan-financing-faqs/) --- ### [Electric Car Loans FAQs](https://jade.finance/faq/electric-car-loans-faqs/) --- ### [Novated Lease vs Car Loan FAQs](https://jade.finance/faq/novated-lease-vs-car-loan-faqs/) --- ### [Aircraft Loans FAQs](https://jade.finance/faq/aircraft-loans-faqs/) --- ### [Equipment Loan Funding FAQs](https://jade.finance/faq/equipment-loan-funding-faqs/) --- ### [Comparison Rate FAQs](https://jade.finance/faq/comparison-rate-faqs/) --- ### [Start-Up Business Loans FAQs](https://jade.finance/faq/start-up-business-loans-faqs/) --- ### [Construction Loan FAQs](https://jade.finance/faq/construction-loan-faqs/) --- ### [Novated Lease Residual Values FAQs](https://jade.finance/faq/novated-lease-residual-values-faqs/) --- ### [End of Novated Lease FAQs](https://jade.finance/faq/end-of-novated-lease-faqs/) --- ### [Discharged Bankrupt Car Loan FAQs](https://jade.finance/faq/discharged-bankrupt-car-loan-faqs/) --- ### [Low Doc Car Loan FAQs](https://jade.finance/faq/low-doc-car-loan-faqs/) --- ### [Private Sales Car Loan FAQs](https://jade.finance/faq/private-sales-car-loan-faqs/) --- ### [0% Interest Finance FAQs](https://jade.finance/faq/0-interest-finance-faqs/) --- ### [Car Loan vs Personal Loan FAQs](https://jade.finance/faq/car-loan-vs-personal-loan-faqs/) --- ### [Novated Lease Deals FAQs](https://jade.finance/faq/novated-lease-deals-faqs/) --- ### [Disadvantages of Novated Lease FAQs](https://jade.finance/faq/disadvantages-of-novated-lease-faqs/) --- ### [Fringe Benefits Tax FAQs](https://jade.finance/faq/fringe-benefits-tax-faqs/) --- ### [Car Loan Balloon Calculator FAQs](https://jade.finance/faq/car-loan-balloon-calculator-faqs/) --- ### [Car Hire Purchase Calculator FAQs](https://jade.finance/faq/car-hire-purchase-calculator-faqs/) --- ### [Secured Personal Financing FAQs](https://jade.finance/faq/secured-personal-financing-faqs/) --- ### [Applying for a Personal Loan FAQs](https://jade.finance/faq/applying-for-a-personal-loan-faqs/) --- ### [Personal Loan for the Self-Employed FAQs](https://jade.finance/faq/personal-loan-for-the-self-employed-faqs/) --- ### [Personal Loan Without Bank Statement FAQs](https://jade.finance/faq/personal-loan-without-bank-statement-faqs/) --- ### [Personal Loan Borrowing Capacity FAQs](https://jade.finance/faq/personal-loan-borrowing-capacity-faqs/) --- ### [Motor Vehicle Leasing FAQs](https://jade.finance/faq/motor-vehicle-leasing-faqs/) --- ### [Agriculture Equipment Loans FAQs](https://jade.finance/faq/agriculture-equipment-loans-faqs/) --- ### [Bobcat Equipment Loan FAQs](https://jade.finance/faq/bobcat-equipment-loan-faqs/) --- ### [Brewery Equipment Financing FAQs](https://jade.finance/faq/brewery-equipment-financing-faqs/) --- ### [Catering Equipment Finance FAQs](https://jade.finance/faq/catering-equipment-finance-faqs/) --- ### [Computer Equipment Finance FAQs](https://jade.finance/faq/computer-equipment-finance-faqs/) --- ### [Construction Equipment Finance FAQs](https://jade.finance/faq/construction-equipment-finance-faqs/) --- ### [Crane Equipment Finance FAQs](https://jade.finance/faq/crane-equipment-finance-faqs/) --- ### [Dental Equipment Finance FAQs](https://jade.finance/faq/dental-equipment-finance-faqs/) --- ### [Earthmoving Equipment Finance FAQs](https://jade.finance/faq/earthmoving-equipment-finance-faqs/) --- ### [Business Equipment Loans FAQs](https://jade.finance/faq/business-equipment-loans-faqs/) --- ### [Equipment Loan Interest Rates FAQs](https://jade.finance/faq/equipment-loan-interest-rates-faqs/) --- ### [Excavator Finance FAQs](https://jade.finance/faq/excavator-finance-faqs/) --- ### [Farm Equipment Loans FAQs](https://jade.finance/faq/farm-equipment-loans-faqs/) --- ### [Gym Fitness Equipment FAQs](https://jade.finance/faq/gym-fitness-equipment-faqs/) --- ### [Heavy Equipment Loans FAQs](https://jade.finance/faq/heavy-equipment-loans-faqs/) --- ### [Laundry Equipment Loans FAQs](https://jade.finance/faq/laundry-equipment-loans-faqs/) --- ### [Manufacturing Equipment Loans FAQs](https://jade.finance/faq/manufacturing-equipment-loans-faqs/) --- ### [Plant Machinery Loans FAQs](https://jade.finance/faq/plant-machinery-loans-faqs/) --- ### [Start-Up Equipment Loans FAQs](https://jade.finance/faq/start-up-equipment-loans-faqs/) --- ### [Tractor Equipment Loan FAQs](https://jade.finance/faq/tractor-equipment-loan-faqs/) --- ### [Harvesting Equipment Loan FAQs](https://jade.finance/faq/harvesting-equipment-loan-faqs/) --- ### [Tillage and Seeding Loan FAQs](https://jade.finance/faq/tillage-and-seeding-loan-faqs/) --- ### [Irrigation Equipment Loan FAQs](https://jade.finance/faq/irrigation-equipment-loan-faqs/) --- ### [Spraying Equipment Loan FAQs](https://jade.finance/faq/spraying-equipment-loan-faqs/) --- ### [Low Doc Caravan Loan FAQs](https://jade.finance/faq/low-doc-caravan-loan-faqs/) --- ### [Motorhome Loan FAQs](https://jade.finance/faq/motorhome-loan-faqs/) --- ### [RV Loan FAQs](https://jade.finance/faq/rv-loan-faqs/) --- ### [Secured Caravan Loan FAQs](https://jade.finance/faq/secured-caravan-loan-faqs/) --- ### [Unsecured Caravan Finance FAQs](https://jade.finance/faq/unsecured-caravan-finance-faqs/) --- ### [Used Caravan Loan FAQs](https://jade.finance/faq/used-caravan-loan-faqs/) --- ### [Personal Loans FAQs](https://jade.finance/faq/personal-loans-faqs/) --- ### [Bad Credit Personal Loans FAQs](https://jade.finance/faq/bad-credit-personal-loans-faqs/) --- ### [Home Renovation Loan FAQs](https://jade.finance/faq/home-renovation-loan-faqs/) --- ### [Low Doc Personal Loan FAQs](https://jade.finance/faq/low-doc-personal-loan-faqs/) --- ### [Medical Loans FAQs](https://jade.finance/faq/medical-loans-faqs/) --- ### [Plastic Surgery Loan FAQs](https://jade.finance/faq/plastic-surgery-loan-faqs/) --- ### [Pool Finance FAQs](https://jade.finance/faq/pool-finance-faqs/) --- ### [Refinance Personal Loan FAQs](https://jade.finance/faq/refinance-personal-loan-faqs/) --- ### [Wedding Finance FAQs](https://jade.finance/faq/wedding-finance-faqs/) --- ### [Business Loan Calculator FAQs](https://jade.finance/faq/business-loan-calculator-faqs/) --- ### [Business Chattel Mortgage FAQs](https://jade.finance/faq/business-chattel-mortgage-faqs/) --- ### [Business Loan Leasing FAQs](https://jade.finance/faq/business-loan-leasing-faqs/) --- ### [Self Employed Car Loan FAQs](https://jade.finance/faq/self-employed-car-loan-faqs/) --- ### [Small Business Car Loan FAQs](https://jade.finance/faq/small-business-car-loan-faqs/) --- ### [Working Capital Business Loans FAQs](https://jade.finance/faq/working-capital-business-loans-faqs/) --- ### [Commercial Truck Loan FAQs](https://jade.finance/faq/commercial-truck-loan-faqs/) --- ### [Commercial Van Finance FAQs](https://jade.finance/faq/commercial-van-finance-faqs/) --- ### [Chattel Mortgage vs Hire Purchase FAQs](https://jade.finance/faq/chattel-mortgage-vs-hire-purchase-faqs/) --- ### [Loan Health Care Check FAQs](https://jade.finance/faq/loan-health-care-check-faqs/) --- ### [Beauty Equipment Loan FAQs](https://jade.finance/faq/beauty-equipment-loan-faqs/) --- ### [Camera Equipment Loan FAQs](https://jade.finance/faq/camera-equipment-loan-faqs/) --- ### [Medical Equipment Loan FAQs](https://jade.finance/faq/medical-equipment-loan-faqs/) --- ### [Mining Equipment Loan FAQs](https://jade.finance/faq/mining-equipment-loan-faqs/) --- ### [Veterinary Equipment Loan FAQs](https://jade.finance/faq/veterinary-equipment-loan-faqs/) --- ### [Hay and Silage FAQs](https://jade.finance/faq/hay-and-silage-faqs/) --- ### [Caravan Refinance Loan FAQs](https://jade.finance/faq/caravan-refinance-loan-faqs/) --- ### [No Deposit Caravan Finance FAQs](https://jade.finance/faq/no-deposit-caravan-finance-faqs/) --- ### [Business Line of Credit FAQs](https://jade.finance/faq/business-line-of-credit-faqs/) --- ### [Bus and Coaster Loan FAQs](https://jade.finance/faq/bus-and-coaster-loan-faqs/) --- ### [New Business Truck Finance FAQs](https://jade.finance/faq/new-business-truck-finance-faqs/) --- ### [Low Doc & No Doc Truck Loan FAQs](https://jade.finance/faq/low-doc-no-doc-truck-loan-faqs/) --- ### [Rent to Own Truck Finance FAQs](https://jade.finance/faq/rent-to-own-truck-finance-faqs/) --- ### [Truck Lease FAQs](https://jade.finance/faq/truck-lease-faqs/) --- ### [Truck Loan Refinance FAQs](https://jade.finance/faq/truck-loan-refinance-faqs/) --- ### [Truck Refinancing Options FAQs](https://jade.finance/faq/truck-refinancing-options-faqs/) --- ### [Truck Trailer Loan FAQs](https://jade.finance/faq/truck-trailer-loan-faqs/) --- ### [Used Truck Finance FAQs](https://jade.finance/faq/used-truck-finance-faqs/) --- ### [Truck Repair Finance FAQs](https://jade.finance/faq/truck-repair-finance-faqs/) --- ### [Bad Credit Boat Loan FAQs](https://jade.finance/faq/bad-credit-boat-loan-faqs/) --- ### [Boat Chattel Mortgage FAQs](https://jade.finance/faq/boat-chattel-mortgage-faqs/) --- ### [Car Loan Interest Rates FAQs](https://jade.finance/faq/car-loan-interest-rates-faqs/) --- ### [Aircraft Finance FAQs](https://jade.finance/faq/aircraft-finance-faqs/) --- ### [Equipment Leasing FAQs](https://jade.finance/faq/equipment-leasing-faqs/) --- ### [Forestry Equipment Loan FAQs](https://jade.finance/faq/forestry-equipment-loan-faqs/) --- ### [Healthcare Equipment Loan FAQs](https://jade.finance/faq/healthcare-equipment-loan-faqs/) --- ### [Industrial Machinery Loan FAQs](https://jade.finance/faq/industrial-machinery-loan-faqs/) --- ### [Personal Loan Application FAQs](https://jade.finance/faq/personal-loan-application-faqs/) --- ### [Low Doc Boat Loans](https://jade.finance/faq/low-doc-boat-loans/) --- ### [Refinancing Boat Loans FAQs](https://jade.finance/faq/refinancing-boat-loans-faqs/) --- ### [New Boat Loans FAQs](https://jade.finance/faq/new-boat-loans-faqs/) --- ### [Commercial Loan FAQs](https://jade.finance/faq/commercial-loan-faqs/) --- ### [Unsecured Business Loan FAQs](https://jade.finance/faq/unsecured-business-loan-faqs/) --- ### [Boat Finance Quote FAQs](https://jade.finance/faq/boat-finance-quote-faqs/) --- ### [Boat Leasing FAQs](https://jade.finance/faq/boat-leasing-faqs/) --- ### [Used Boat Loans FAQs](https://jade.finance/faq/used-boat-loans-faqs/) --- ### [Boat Finance Broker FAQs](https://jade.finance/faq/boat-finance-broker-faqs/) --- ### [Unsecured Boat Loan FAQs](https://jade.finance/faq/unsecured-boat-loan-faqs/) --- ### [Commercial Boat Finance FAQs](https://jade.finance/faq/commercial-boat-finance-faqs/) --- ### [Secured Boat Loan FAQs](https://jade.finance/faq/secured-boat-loan-faqs/) --- ### [Low Doc Boat Finance FAQs](https://jade.finance/faq/low-doc-boat-finance-faqs/) --- ### [Boat Loan Interest Rates FAQs](https://jade.finance/faq/boat-loan-interest-rates-faqs/) --- ### [Fuso Truck Finance FAQs](https://jade.finance/faq/fuso-truck-finance-faqs/) --- ### [Bakery Equipment Loans FAQs](https://jade.finance/faq/bakery-equipment-loans-faqs/) --- ### [CNC Equipment Finance FAQs](https://jade.finance/faq/cnc-equipment-finance-faqs/) --- ### [Logging Equipment Loan FAQs](https://jade.finance/faq/logging-equipment-loan-faqs/) --- ### [Low Doc Equipment Loan FAQs](https://jade.finance/faq/low-doc-equipment-loan-faqs/) --- ### [Low Doc Motorbike Loans FAQs](https://jade.finance/faq/low-doc-motorbike-loans-faqs/) --- ### [Commercial Solar Loan FAQs](https://jade.finance/faq/commercial-solar-loan-faqs/) --- ### [Rent to Own FAQs](https://jade.finance/faq/rent-to-own-faqs/) --- ### [Motorbike Finance Calculator FAQs](https://jade.finance/faq/motorbike-finance-calculator-faqs/) --- ### [Scania Truck Finance FAQs](https://jade.finance/faq/scania-truck-finance-faqs/) --- ### [Australian Truck Finance FAQs](https://jade.finance/faq/australian-truck-finance-faqs/) --- ### [Motorbike Finance Rates FAQs](https://jade.finance/faq/motorbike-finance-rates-faqs/) --- ### [Motorbike Loan Broker FAQs](https://jade.finance/faq/motorbike-loan-broker-faqs/) --- ### [Unsecured Motorbike Loan FAQs](https://jade.finance/faq/unsecured-motorbike-loan-faqs/) --- ### [Isuzu Truck Finance FAQs](https://jade.finance/faq/isuzu-truck-finance-faqs/) --- ### [Kenworth Truck Finance FAQs](https://jade.finance/faq/kenworth-truck-finance-faqs/) --- ### [Mercedes Truck Finance FAQs](https://jade.finance/faq/mercedes-truck-finance-faqs/) --- ### [Car Leasing FAQs](https://jade.finance/faq/car-leasing-faqs/) --- ### [Caravan Lease FAQs](https://jade.finance/faq/caravan-lease-faqs/) --- ### [Mack Loans FAQs](https://jade.finance/faq/mack-loans-faqs/) --- ### [Hino Truck Finance FAQs](https://jade.finance/faq/hino-truck-finance-faqs/) --- ### [New Caravan Finance FAQs](https://jade.finance/faq/new-caravan-finance-faqs/) --- ### [Truck Finance Calculator FAQs](https://jade.finance/faq/truck-finance-calculator-faqs/) --- ### [Small Business Equipment Loans FAQs](https://jade.finance/faq/small-business-equipment-loans-faqs/) --- ### [IT Equipment Loans FAQs](https://jade.finance/faq/it-equipment-loans-faqs/) --- ### [Office Equipment Loans FAQs](https://jade.finance/faq/office-equipment-loans-faqs/) --- ### [Existing Business Finance FAQs](https://jade.finance/faq/existing-business-finance-faqs/) --- ### [Some Common FAQs](https://jade.finance/faq/home-page-faqs/) --- ### [Inventory Finance FAQs](https://jade.finance/faq/inventory-finance-faqs/) --- ### [Fit Out Finance FAQs](https://jade.finance/faq/fit-out-finance-faqs/) --- ### [Factor Rate APR Calculator FAQs](https://jade.finance/faq/factor-rate-apr-calculator-faqs/) --- ### [Restaurant Kitchen Equipment Loan FAQs](https://jade.finance/faq/restaurant-kitchen-equipment-loan-faqs/) --- ### [Caravan Interest Rates FAQs](https://jade.finance/faq/caravan-interest-rates-faqs/) --- ### [Boat Commercial Hire Purchase FAQs](https://jade.finance/faq/boat-commercial-hire-purchase-faqs/) --- ### [Equipment Hire Purchase FAQs](https://jade.finance/faq/equipment-hire-purchase-faqs/) --- ### [Adelaide Finance Broker FAQs](https://jade.finance/faq/adelaide-finance-broker-faqs/) --- ### [Sydney Finance Broker FAQs](https://jade.finance/faq/sydney-finance-broker-faqs/) --- ### [Gold Coast Finance Broker FAQs](https://jade.finance/faq/gold-coast-finance-broker-faqs/) --- ### [Canberra Finance Broker FAQs](https://jade.finance/faq/canberra-finance-broker-faqs/) --- ### [Melbourne Finance Broker FAQs](https://jade.finance/faq/melbourne-finance-broker-faqs/) --- ### [Brisbane Finance Broker FAQs](https://jade.finance/faq/brisbane-finance-broker-faqs/) --- ### [Darwin Finance Broker FAQs](https://jade.finance/faq/darwin-finance-broker-faqs/) --- ### [Perth Finance Broker FAQs](https://jade.finance/faq/perth-finance-broker-faqs/) --- ### [Caravan Loans FAQs](https://jade.finance/faq/caravan-loans-faqs/) --- ### [Secured Business Finance FAQs](https://jade.finance/faq/secured-business-finance-faqs/) --- ### [Home Loan FAQs](https://jade.finance/faq/home-loan-faqs/) --- ### [General](https://jade.finance/faq/general/) --- ### [Boat](https://jade.finance/faq/boat/) --- ### [Business](https://jade.finance/faq/business/) --- ### [Car](https://jade.finance/faq/car/) --- ### [Caravan](https://jade.finance/faq/caravan/) --- ### [Equipment](https://jade.finance/faq/equipment/) --- ### [Finance Broker](https://jade.finance/faq/finance-broker/) --- ### [Home](https://jade.finance/faq/home/) --- ### [Motorbike](https://jade.finance/faq/motorbike/) --- ### [Personal](https://jade.finance/faq/personal/) --- ### [Truck](https://jade.finance/faq/truck/) --- ### [Other](https://jade.finance/faq/other/) ---