Low doc business car loans embolden your borrowing
Good business has many drivers though few are as important as a smart reliable car. After all a trusty vehicle is both pivotal to your commercial on-road capabilities. Plus an impressive endorsement of your professionalism and credibility. Yes, you certainly need a good looking smoothly operating car for business benefit. But how do you steer around the stringent traditional lending criteria of banks. After all, for many business people it is hard to produce:
- Two years’ worth of personal tax returns
- Two years’ worth of business financials
- Two years’ worth of company or partnership returns
In fact for many Australian business people, to produce such income verification is nigh on impossible. Here is where low doc car loans fuel your vehicle ownership ambitions. A customised borrowing alternative specifically aimed at those:
- Who are self-employed
- With employment variability
- Reluctant to divulge private commercial financial information
- Acutely complex business structures
What is a low doc car loan?
Essentially low doc car loans eliminate problematic commercial lending criteria. You can obtain funding for your new business car without
- Exhaustive income verification requirements
- Arduous time intensive form-filling
- Sacrificing key business cash flow
Instead you will quickly and efficiently receive the finance you need to obtain your chosen vehicle. Alongside some valuable business tax benefits to boot. Low doc car loans often give you avenues for such claims as GST, depreciation and interest. What business couldn’t do with greater tax savings?
Low doc car loans: a commercial gift horse
Every business borrower should have access to finance for crucial asset acquisition. Low doc commercial car loans ensure you do. Be aware that will typically bear a deposit requirement and slightly higher interest rates. Because by approving your low doc car loan, lenders are exposing themselves to a greater degree of risk. Because they are effectively waiving the need for you to prove your ability to satisfy the loan. However, what you get in return should far outweigh these low doc car loan considerations. Freedom and finance to buy the car you and your business need.
Link in with some of Australia’s most enabling low doc car loans. Engage award winning vehicle finance brokers Natloans to tailor your finance solution. With quality low doc lender networks, nationally recognised expertise in car loan solutions and quick online approvals. Natloans expedites your low doc car loan so you can drive better business sooner.
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We have been helped clients make the tough decision of whether to buy the car outright or lease it. There an many factors to consider when choosing whether to lease or buy a car such as:
- How long do you plan to have the lease for? Why would you buy a car if you only need it for a year or two?
- You can usually claim back the full amount of the lease. Start with getting a great online quote and see how much you can save.