“We Keep It Simple” No Financials – No Problems
No-Doc Car Finance Explained
No–Doc car finance is tailor made for a small niche in the market. A No-Doc car finance facility is a product for businesses that cannot provide income verification but are in the market for business equipment.
Our No-Doc car finance facilities start at $7,000 and can go up to about $75,000. The average lend for a No-Doc car finance facility is approximately $28,000. A No-Doc facility requires the applicant to be in business and normally be G.S.T. registered.
This makes the product an attractive product for businesses after this kind of finance. The finance is generally for a period of up to 5 years.
If the client is asset backed by owning a property (It can be mortgaged) then no deposit will be required. If the client has no asset backing then a commitment will need to be shown through a large deposit of 20% –30%.
A No-Doc car finance facility provides great flexibility and is a fantastic solution to a common problem among small business.
For Professional & Friendly Service
What Vehicles Are Eligible?
- Passenger Vehicles,SUV’s
- 4 Wheel Drives and People Movers
- Utes and Vans
- Small Trucks (under 4.5 tonnes)
- Up to $75,000
Who is this product for?
- Haven't done your Tax
- No Financials
- Not showing a profit
- Have a relatively new business
- Professionals, Business or Private use
- Residual Refinancing
- New Start Finance
- Chattel Mortgage
- Hire Purchase
- Finance Lease
- Car Loan (For Professionals Only)
The Good news is that you usually get the same interest rate as a business that has financials.
Still not clear and want to know your chance of financial application success? Call us now on 1300 859 890 or fill out the contact form for a Free Confidential Consultation.