When a vehicle is out of action it can be a costly situation. To assist operators get their vehicles back on the road promptly and cost-effectively, we provide a range of versatile credit solutions to cover the costs of motors, parts and labour.
A number of different credit facilities to suit different enterprises and different vehicle maintenance cost requirements are available. Rates vary across the selection of products and can vary for individual enterprises.
As can be seen from our latest best rates, we can achieve lower rates across the full selection of commercial lending facilities. Use these rates for comparison and guide purposes and contact us for your specific quote.
Our expert brokers will work through the alternatives with you to arrive at the type of credit that will suit your servicing purposes and work with your cash flow.
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Funding for the works required on unserviceable vehicles falls into the category of non-asset credit. We offer a number of facilities to suit different enterprises and varying scenarios and purposes with opportunities for fleet, SME, sole trader and other operations.
Flexible product to suit expenses related to a range of vehicle servicing requirements. Ease cash flow pressure while paying interest only on the funds used.
With lower interest rates, a secured facility can present a cost-effective option. Security with property, assets or operational turnover can be provided with terms negotiated to suit cash flow.
If no security is available for a secured product, consider an unsecured option. We can arrange workable solutions with our best rates and approvals obtained on the basis of strong turnover.
The cost of funding may determine the viability of affecting works on unserviceable vehicles. To consider your options, use our calculating device to work up estimates on the credit available. With negotiated repayments and terms, the work may be paid off in a timeframe that works for you. Compare your credit facility options and prepare a budget to get the work underway asap.
Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.
Heavy vehicle breakdown and general maintenance expenses can be varied. They can include a range of requirements such as a complete overhaul, motor reconditioning, replacement of major worn parts and carry out work to restore the vehicle to working condition.
As the vehicle is not generating income, and operators face a potentially significant bill to fix the issue, when these issues occur they can pose a serious risk to cash flow.
As specialists in the heavy vehicle lending sector, we understand the requirements of our customers and endeavour to provide solutions to a range of scenarios both scheduled and unscheduled. As these requirements can be unique, have a conversation with one of our brokers about your specific scenario.
Our solutions are individually sourced and negotiated with options for break down expenses and to cover the costs of large scheduled maintenance and reconditioning work. Fast approvals are available to ensure minimal disruption to the operation from unserviceable vehicles. Speak with us today about the right option for your circumstances.
As specialist commercial lending brokers, we provide options for all types of set-ups, even those that are relatively new. If you have not acquired all the documentation to meet approval criteria, speak with us about our lite doc credit options to cover vehicle maintenance and breakdown costs.
Using our services as an alternative to sourcing credit yourself can present many benefits. We have more lenders and can quickly identify the lender that is the best match to approve your credit application. Our brokers are highly skilled and have direct lender contacts to negotiate rates, terms and conditions. We work fast! We respond immediately to requests to ensure our customers obtain their funding quickly to get work underway and vehicles back on the road asap. Get started straight away with a Free Finance Quote.
We know you need that vehicle back on the road working as quickly as possible and we act accordingly. Processing applications and getting approvals in 24 hours so the work can be ordered.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 19/09/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
Installing lower emission and new technology fuel systems would be considered a purpose suited for approval for a credit product.
Credit for vehicle maintenance expenses can be obtained to cover the full cost of the works including labour and parts.
A range of credit facilities including secured and unsecured products, overdraft and line of credit are available to cover vehicle maintenance expenses. Subject to individual lender approval.
Interest rates on vehicle service funding products vary with the different credit facilities and can vary for individual operators. The best rates offered by lenders may be used as a guide.
Yes. Subject to individual lender approval, a line of credit or overdraft may suit funding for vehicle maintenance costs.
Collateral for secured credit facilities may be provided through property or assets.
Yes. Upgrading systems would be considered a purpose suited to being funded by heavy vehicle lenders.
Interest rates on most commercial credit facilities are at a fixed rate which does not change over the term. Some overdraft facilities may be arranged at a flexible rate which can be subject to change.
Fees and interest on commercial credit is treated as tax deductible. The tax deductible of repayments on non-asset commercial credit should be discussed with an account.
Operators can use an online credit calculator to work out the costs of credit for getting work done on heavy vehicles.
The costs for reconditioning an engine would typically be accepted as a suitable purpose for credit.
All commercial credit applications are subject to lender approval. General credit facilities are available to cover a wide range of commercial expenses including work for damaged vehicles.
