Important information
Please be aware of the following;
- As a blog style website there can be a lot of historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
- Ability Finance, through choice, no longer represent some lenders who may be historically referred to within this website.
- At present we are only prepared to discuss financial products for consumers with customers we are able to personally meet with on a face to face basis.
- No information or content contained on this site should be relied on as being current.
- No content contained within this site should be taken as advice in any way at all.
Motor Vehicle Finance
No Financial Statements Required up to $100,000
We have a panel lender still able to offer great rates on motor vehicle finance.
Please see below our information on motor vehicle finance and also some information on the new Investment Allowance scheme:
CONDITIONS:
• Established in Business > 2 years.
• Applicant / Director / Partner must be property owners with sufficient equity (evidence of property ownership to be confirmed).
• 1 x Acceptable Finance Reference greater than 12 months (Mortgage statements will not be accepted).
• Clear & satisfactory CRAA Reports (Telco defaults are no longer acceptable).
• Payments by direct debit only.
• Maximum amount is $100,000 exposure
• Motor vehicle must be purchased from Licensed Dealer (no Private Sale)
• Add 0.50% for Transaction amounts < $20,000 and Terms < 36 months.
• New and used motor vehicles up to 3 years old.
• Documentation and processing fees apply.
• Rate is valid for 7 days from date of issue.
• Negative equity deals not accepted.
All applications are subject to credit approval. The lender reserves the right to request additional information where necessary. Standard terms and residual values or balloon payments to apply. Acceptable products include Lease, CHP & Chattel Mortgage.
