So you require a new business vehicle. Only thing is the banks are asking for some intense revenue explanation. As a self-employed or small business owner it is tough to meet demands for:
- At least two years individual tax estimates
- At least Two years business financials
- At least Two years company or partnership returns
Yet you still need that vehicle to get your job done. Run over the bank's red tape with a low doc commercial car loan.
The new age of lending: low doc commercial car loans
Normal loan terms lock many business people out of the auto finance market. Those with changeable employment terms simply can't satisfy the income corroboration factors. Many banks now recognise this and have lead a new age of "non-conventional" Lending. The result is result is a broad range of low doc commercial auto loans. Designed particularly for those that lack the supporting documentation required to get standard car loan acceptance.
A low doc commercial automobile loan secures you finance with:
- No revenue corroboration
- No time-consuming paper work
- No taking critical cash flow out of your business
Low doc commercial car loans take the effort out of getting finance approval. Yet it's really important to remember that these loans don't give you money for free. Usually a deposit is needed. Additionally, this kind of loan often attracts a slightly higher interest rate too.
Driving larger business benefits
Who'd have thought buying a car could yield business tax benefits. But low doc commercial car loans often allow you to claim:
- GST
- Depreciation
- Interest
Essentially low doc commercial car loans are a beneficial game changer. Opening up the market to anybody challenged by proving consistent, ongoing revenue. Progressive Australian brokers like Natloans will match you with a low doc commercial auto loan that most nearly fits your requirements. You could soon be behind the wheel of your new car. Leaving standard rigid lending criteria in your dust.
- At least two years individual tax estimates
- At least Two years business financials
- At least Two years company or partnership returns
Yet you still need that vehicle to get your job done. Run over the bank's red tape with a low doc commercial car loan.
The new age of lending: low doc commercial car loans
Normal loan terms lock many business people out of the auto finance market. Those with changeable employment terms simply can't satisfy the income corroboration factors. Many banks now recognise this and have lead a new age of "non-conventional" Lending. The result is result is a broad range of low doc commercial auto loans. Designed particularly for those that lack the supporting documentation required to get standard car loan acceptance.
A low doc commercial automobile loan secures you finance with:
- No revenue corroboration
- No time-consuming paper work
- No taking critical cash flow out of your business
Low doc commercial car loans take the effort out of getting finance approval. Yet it's really important to remember that these loans don't give you money for free. Usually a deposit is needed. Additionally, this kind of loan often attracts a slightly higher interest rate too.
Driving larger business benefits
Who'd have thought buying a car could yield business tax benefits. But low doc commercial car loans often allow you to claim:
- GST
- Depreciation
- Interest
Essentially low doc commercial car loans are a beneficial game changer. Opening up the market to anybody challenged by proving consistent, ongoing revenue. Progressive Australian brokers like Natloans will match you with a low doc commercial auto loan that most nearly fits your requirements. You could soon be behind the wheel of your new car. Leaving standard rigid lending criteria in your dust.
About the Author:
Mary Nebotakis has a B.Economics, Cert IV WPL & Evaluate, Cert IV Finance Services. On her 1 she has got many engaging articles and videos on low doc automobile loans. You can also find more information on a chattel mortgage.
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