Frequently asked questions

Australian Equipment Finance specialises in vehicle and equipment finance, with a deep understanding of the lending industry. We know which banks offer the best rates and terms, saving you time and hassle. Our expertise ensures that your application process is smooth, cost-effective, and tailored to your business needs. We take pride in being a single point of contact for all your vehicle financing, allowing you to focus on running your business while we handle the details.

Unlike traditional banks, we secure competitive interest rates without the delays and extensive paperwork. Our service is designed to make the entire process straightforward, ensuring you have the right loan, quickly and efficiently.

We finance a wide range of vehicles for business  and personal purposes, including coupes, SUVs, sedans, wagons, luxury vehicles, and more. Whether you’re purchasing a fleet for your business or a single vehicle, we offer the right finance solution to meet your needs.

We take pride in offering highly competitive interest rates. If you’ve received a loan quote elsewhere, let us know, and we’ll work to secure a better deal for you.

While banks can offer finance, they often require more paperwork, higher interest rates, and a slower process. We know which lenders are best suited for your needs, allowing us to secure faster approvals and better rates. Plus, spreading your loans across multiple banks helps maintain competition and keeps interest rates low.

While some dealerships offer finance options, their rates are often less favourable than what we can secure. We recommend allowing us to review any dealership offers to ensure you’re getting the best deal. Often, we can provide a more competitive loan with better terms.

We make applying for finance easy and streamlined. A quick five-minute call with one of our specialists at 1300 902 590 will get you started or click our GET FINANCE NOW option. We’ll guide you through the approval strategy, and provide an estimate of rates and repayments during our introductory conversation. We aim to reduce paperwork, focusing only on the key items needed for approval.

No, you don’t! We have access to low-documentation finance options that don’t require full financials or tax returns. Our team knows exactly what minimal information is needed to secure approval, making the process simple and hassle-free.

Low Doc Finance means we only need a small amount of documentation to approve your loan, often without proof of income or earnings. It’s a quick and efficient way to finance your vehicle. Call us at 1300 902 590 to learn more about how little paperwork is required.

You can borrow as much as you need, typically between $7,000 and $2,000,000, depending on the asset and the lender’s criteria. We’ll guide you through the specifics of your loan and help you secure the right amount for your purchase.

Our rates are customised to your specific business and personal needs. We maintain relationships with over 50 lenders to secure the best possible terms for our clients.

Several factors affect the interest rate, including the age of your business, the type of asset, whether you’re buying from a dealer or a private seller, your credit history, and the size of the loan. We’ll help you navigate these variables to secure the best rate.

Approval usually takes 24 to 48 hours once we have all the necessary information. We work with your timeline to ensure the approval process fits your purchase schedule.

The average loan term for asset finance is between 3 to 7 years. You can choose a shorter or longer term based on what works best for your cash flow and business needs. We offer flexible options to suit your repayment preferences.

A balloon payment is a lump sum owed at the end of your loan term, allowing you to reduce your monthly repayments. It’s optional, and we can help you decide if a balloon payment is the right choice foryou or your business.

Yes, we regularly handle private purchases and can manage the entire process, from negotiating the price to paying the seller. We’ll ensure everything is handled correctly and smoothly.

It’s always a good idea to inspect any vehicle, especially when purchasing from a private seller. We’ll arrange a third-party inspection to verify that the vehicle details match the registration and loan documents, providing you peace of mind.

Absolutely! We offer finance solutions for new, used, and demo vehicles, matching you with the best lender for the vehicle of your choice.

Yes, you’re welcome to make extra repayments. It’s an excellent way to reduce the overall interest paid, though managing your business’s cash flow is equally important.

Yes, many of our lenders offer finance options that don’t require a deposit, allowing you to keep your cash reserves for other business or personal needs.

We specialise in securing approvals for applicants with low credit scores. We’ll work with you to understand your credit history and present your case effectively to the right lender.