We’ve noticed lately the number of clients are coming to us with dealer finance that’s more expensive than it should be is on the rise.
A recent example of this was a clients Toyota Hice that had been financed from the dealer at a rate of over 10%.
The balloon was now due and there was lots of life left in the vehicle so the business owner was seeking to roll over the balloon into a new finance term.
While rolling over a balloon isn’t new there’s an excellent lender with an easy no doc application process we used to obtain a rate nearly 4% cheaper than what was on offer.
This lender focusses on making their processes easy and accordingly no valuation was required.
With a number of vehicles in their fleet, the business owner asked us to arrange a $500,000 asset finance limit meaning, as their other balloons come to maturity, all they need to do is give us the dealer finance payout letter and their rollover will be processed within 24 hours.
Our client was rapped with how simple this process was and the speed they received their much cheaper finance.
If you need an asset finance limit for your business or need to refinance expensive debt reach out and we’ll get it done.
Get a better loan.
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