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Asset Finance4 min read
Car and Asset Finance: How to Prepare Before Applying
Vehicle and asset finance applications are easier to discuss when the asset, intended use and supporting financial information are clear from the start.
Know the asset details
Details such as asset type, age, purchase price, seller and intended use can be relevant to the finance pathway.
Clarify personal or business use
A vehicle or asset used for business may be assessed differently from a personal-use asset. The structure should reflect the actual use.
Prepare income and business information
Applicants may need to provide income records, business information or other documents depending on the lender and product.
Understand the application pathway
A broker can explain common steps and help you prepare before an application is submitted for lender assessment.
General information only. This guide is provided for general information and does not take into account your objectives, financial situation or needs. Lending is subject to eligibility, lender criteria and approval. Speak with a broker for guidance based on your circumstances.