Finance back, Lease & Hire back
If you’ve just paid cash for a vehicle or equipment and your accountant advises that finance would have been a better option, don’t worry. With Aussie Car Loans, it’s not too late to enter into a Sale & Finance-back agreement.
What is a Sale & Finance-back?
As the name suggests, you sell your vehicle or equipment to Aussie Car Loans for an agreed price and we lease or finance it back to you via a loan, finance, or lease contract. Packages are available for vehicles or equipment purchased within 3 months at the time of application.
Benefits
- Allows return of working capital to your business
- Tax benefits if the vehicle is used in generating taxable income
- Replenishes personal savings for your own security or for that future home purchase.
Other scenario’s
OK - So you’re at an auction, you haven’t arranged the finance yet. You’ve just found the perfect car at a really good price. The auctioneer demands you pay on the fall of the hammer. So what do you do? You don’t want to miss out on the bargain of the century!
Buy the car using your own savings. Apply within 3 months & Aussie Car Loans will organise finance for the car and reimburse your savings by setting up a new loan for you.
All you need is copies of receipts or invoices of the purchase, on top of the normal lending criteria.