Carfund operate in an niche market where we arrange Low Doc Car LoansÂ and Low Doc Truck Finance for self employed clients who use their vehicle predominately for business purposes. We have many Car, Truck and Equipment Finance lenders on our panel who all offer unique products and policies which allow Carfund to arrange car or equipment finance for just about any business owner.
We use a finance product which is called a Chattel MortgageÂ which gives you, the business owner, many advantages. Read why a Chattel Mortgage is the best product for your car Finance.
One product that we use every day for clients, allows our self employed customers to finance a loan amount up to $150,000 for cars and up to $250,000 for Truck Finance without the need for any Tax Returns. We also arrange finance for any type of business equipment, not just motor vehicles.
Who is best suited to a Chattel Mortgage?
Both Individuals and Business’s (including companies, trusts, partnerships) are eligible for a Chattel Mortgage as long as the car is predominately used for business purposes (income producing).
In general a Chattel Mortgage is best suited to a business that is registered for GST as the business may be able to claim the full GST component of the purchase price in their next BAS.
Features and Benefits of a Chattel Mortgage?
There are many benefits of a Chattel Mortgage:
- Car Loans up to $150,000 with no tax returns
- Truck Loans up to $250,000 with no tax returns
- Purchase from a registered car dealer or via a private sale
- Second hand cars and trucks accepted
- Loan terms range from 24 – 60 months
- Wide variety of Balloon values (residual) generally from 0% – 50%
- Claim the GST component of the purchase price in your next BAS
Use our Car Buying Service and Save $$
Did you know that we have access to car buying services which could save you thousands of dollars on your next new car purchase? Some of the partnersÂ buy thousands of cars every year and therefore demand a large discount on the RRP of a brand new car.
All of our clients that are purchasing new cars are encouraged to use this free service as the discounts and other benefits we can achieve for you are simply not achievable when shopping for a new car by yourself – this is an exclusive service that we give you access to only when you finance your new car with us.
Other Benefits include:
- The new car is delivered to your door with a full tank of fuel
- Test drives can be arranged without visiting the dealership
- Trade ins can be arranged without visiting the dealership
- Other benefits are available but these depend on the brand of the car chosen