should i get a
NAB small BUSINESS car LOAN
OR GO WITH A DIFFERENT LOAN?
BUSINESS Finance Quote
LOOKING FOR A
NAB SMALL BUSINESS CAR LOAN
WE CAN HELP.
NAB business loans can be a great finance solution for many different types of businesses, especially when it comes to a NAB small business car loan. Choosing smarter ways to finance the equipment you need or fund the working capital you need can benefit the rest of your business in ways you hadn’t expected. Here’s how to get started.
CHOOSING THE RIGHT FINANCING SOLUTIONS
Arranging business finance or specifically a NAB small business car loan within your business can sometimes seem complicated. However, you’ll find if a NAB small business car loan can’t get it done for you then we’ll have something else to suit. We have small business finance options that can cater to all of it.
Some wonder, Why not pay cash?
Many businesses don’t have enough available cash to consider an outright purchase, making business equipment financing a necessity. Even if you can afford it, investing cash in assets may leave you with less working capital to finance operations or explore new growth opportunities. That’s where the flexibility of Equipment Finance or Business Finance comes in, allowing you to align repayments to suit your cash flow. You may also be able to claim tax deductions.
For example, if you run a delivery business, it’s not necessary to pay upfront for all the vans you use. You might consider a range of vehicle finance options, from an equipment loan or hire purchase to a finance lease. Using these products gives your business the opportunity to use the vans in exchange for regular payments, rather than paying the full lump sum upfront. Once again, a NAB small business car loan would work well here.
BUT ARE THERE OTHER OPTIONS BETTER THAN A
NAB SMALL BUSINESS CAR LOAN?
Financial Engineers has helped hundreds of clients across the country with a NAB small business car loan but we’ve also helped them obtain flexible finance options through 25+ other lenders. It’s our job to compare your options and find you the most suitable finance facility for your business.
Financial Engineers is here to assist all NAB and non-NAB clients to secure finance with one of our 25+ lenders. There are usually plenty of other suitable options based on your current situation and asset type.
You’ll want to speak to a small business finance expert to discuss your options. Don’t risk your business, don’t risk your cashflow, and don’t risk your equipment.
You might not think you qualify with other lenders but one of our financial engineers might be able to come up with a solution for you. We can discuss your options moving forward and how to get in to a position where financing your business’s growth is a viable option.
NEED NEW BUSINESS EQUIPMENT BUT DON’T HAVE THE FUNDS?
Why Choose Us
This is the most popular car loan for people in business.
A chattel mortgage is a business finance product where the customer owns the vehicle at the time of purchase. The financier takes a mortgage over the vehicle as security for the loan. Once the payments are completed, the mortgage is removed and the title to the car belongs to the customer.
A Chattel Mortgage will suit someone who will use the purchased vehicle over 50% of the time for business purposes. This product is mainly used by a company, sole trader, trust, ABN holders or partnerships.
Save on tax, preserve cash flow and experience the freedom to do more. We give you expert advice so you can get into a car quicker.
A Hire Purchase is when a lender will agree to purchase the car on your behalf and hire it out for an agreed period of time with a fixed monthly payment. The interest rate remains the same for the period of the agreement. The customer is responsible for all the costs associated with the vehicle including registration, insurance and maintenance.
Hire purchase will suit a customer who will use the car predominantly for business purposes. It is used mainly by companies, sole traders, trusts, ABN holders and people who receive a vehicle allowance.
With so many options available, it can sometimes be a bit confusing. Financial Engineers can help you make the right decision for your situation and take the pressure off. Our experienced brokers have access to the best finance products and rates. We connect you with banks and lenders specialising in hire purchases so you can structure liabilities your way.
A Consumer Car Loan is suitable for people who are buying a vehicle in their personal name and if the car is not used predominantly for business purposes. This is different to a personal loan as a personal loan is not secured to anything therefore the interest rate tends to be higher.
Financial Engineers car loans are all secured and therefore offer a lower rate of interest since the vehicle is used as security for the loan. Typically you’ll choose a term between 2 and 5 years.
Financial Engineers is one of Australia’s trusted and fastest growing car loan brokers. We’ve helped hundreds of people get the lowest car loan rates so they save even more.
A Car lease is a business product which allows you to have the use of a car or commercial vehicle while the lender retains ownership of the vehicle for the term of the lease. The lease term can vary from 2 to 5 years. At the end of the agreement, the customer can pay a final instalment and own the car. There is also the option of trading for another vehicle or refinance the residual balloon amount and continue leasing.
The customer can opt to have a larger residual payment at the end of the lease, thus reducing the monthly rent or lease payments. The monthly payments are fixed and all the costs are known in advance. Monthly payments can be made in advance, which can be useful at tax time.
A Lease would suit a company, sole trader or partnership and individuals who use the vehicle to generate an income. Come to us and we’ll put together a leasing package that suits your budget and preferences. Choose from Australia’s best leasing deals.
Also known as salary sacrificing, Financial Engineers can help you and your employer put together a novated lease package with ease.
A novated lease is an agreement between an employer, employee and finance institution. It is a very cost effective way of owning a vehicle. There are substantial tax benefits because the costs of the loan, all the associated costs of the car including maintenance and fuel can be deducted from your pre tax income, leaving you with substantially more disposable income.
Once you have chosen a vehicle, Financial Engineers will liaise between you, the finance provider and your employer. We will save you time and money by arranging everything, making the whole process simple and easy.
Save on tax and gain all the benefits of a company car.
Bad credit? No worries. We pride ourselves on finding solutions and delivering results, getting you approved and at the same time helping you fix up your credit rating.