Self Employed Truck Finance with No Tax Returns!
Are you an Self Employed Business Owner looking to invest in a new or used truck?
Did you know how easy it was to obtain finance as a self employed business owner?
Buying from a Dealer or from a Private Seller – no problems.
New ABN – no problems.
Up to $500,000 with no tax returns.
Smaller trucks, Prime Movers, Yellow Goods, Agricultural equipment – if the equipment is used for producing income then we can finance it.
Trucks & Equipment up to 20 years old – no problem (we may be able to finance older equipment please contact us)
As long as you meet the criteria, this is how easy the process is:
- Complete our 5 Minute online application here
- We will review your information and contact you to confirm which option best suits your needs
- We will then submit your application with an approval expected back within 24 hours
- Then find your Truck, agree on a price with either a car dealer or a private seller
- The lender will then settle your purchase once the paperwork has been received and you can pick up your Truck
This whole process can be completed within 24-48 hours in some cases as our streamlined process allows us to move super quick to get your loan settled.
Chattel Mortgage or Finance Lease
A Chattel Mortgage is the most popular form of finance for business owners with an ABN, so 80% of our business is written as a Chattel Mortgage. You own the equipment so therefore you can claim the GST on purchase. You can have a balloon or residual payment at the end of the term, which is useful when you want to keep your monthly repayments as low as possible. Since you own the equipment you can also claim the depreciation – read more about Chattel Mortgages here.
With a Finance Lease the lender has ownership of the equipment and therefore you rent the equipment from the lender. 100% of the monthly payments are tax deductible if the equipment is 100% for business use and you can take ownership of the equipment at the end of the term for $1. The lender claims the GST and the depreciation under a Finance Lease.
We can organise either option for you.
Is it Really this Easy?
The answer is yes, as long as you meet the criteria, its much easier and straight forward than you think.
99% of our loans that we settle are loans that require no Tax Returns, thats what we specialise in. Every lender that we deal with has their own small differences, and its these differences that can make a huge difference when trying to place a loan for a particular client.
If you would just like to ask a question then please contact us as we will generally respond within 30 mins during business hours and within a few hours outside of business hours, within reason. You can use the Quick Enquiry message form on this page, send an email or call us on 1800 199 302.