Our client reached out to us for the first time over LinkedIn.
We initially helped with a $300k unsecured overdraft limit and then a few days later they asked us to fund a private sale Landcruiser purchase.
Being a 2020 model our lender recommendation was based on which lender offered a competitive rate and would not load the rate because the asset would be 10 years old by the end of the term.
Many private sales require some sort of in person or video verification process and the options for these essentially boil down to one completed by the vendor with the use of an app or a Redbook video inspection.
The app is a pain in the arse.
Attempted fraud is something busy brokerages and lenders with an online presence regularly see – I understand why verification processes are becoming more involved.
These days it’s normal to be expected to take a selfie with your ID, photos of every angle of your asset, the compliance plates and so on but when you’re relying on software to tick off whether a photo (or 15 of them) are acceptable it can put your vendor through a bugger of a process.
There’s a small fee attached to the RedBook Inspect video inspection but it reliably works and it doesn’t give you or your vendor the sh!ts.
We take that option everytime.
Dark Horse Financial is a premier partner which means our clients get discounted preferential rates and access to larger equipment finance limits with a read only view of business bank statements.
Reach out for your next asset purchase or to secure an asset finance limit for your business.
Get a better loan
