Asset Finances
Australians are amongst the one who have the highest numbers of car ownership on the name of a single person. Thanks to the gigantic landscape and the need to drive extensively, the requirement to purchase a Car seems to have been mandated to every household or as a matter of fact is considered just quintessential.
Financial institutions have been assisting in making this purchase successful by providing borrowers with car loans and chattel mortgages. However, it is to be always taken into consideration that car loans are usually of smaller amounts as to a reason which people tend to neglect little details on these deals and a whole lot of confusion takes place. Even when the cost of loan is smaller, the expense of ignorance can be harsh and have negative impacts on income of an individual.
Therefore, providing sufficient financial literacy to the Car loan borrower is extremely important as to the reason which, we in REST believe in educating our clients and making their vision clear before attempting for any type of chattel mortgages.
Equipment finance
Rapid growth in Australian economy should primarily be because of growth in small, med and large cap businesses contributing immensely towards the Australian market. The growth of these types of companies have increased the need of the business owners to invest more on its resources to meet the demand and enhance their productivity.
To assist the same, financial institutions provide economic assistance to business owners making it accessible to borrow funds to proceed with the large or small improvements. Therefore, smaller or bigger funding is made by banks as equipment finance.
Any business owner can get a car or any equipment that they need for the business, by hiring it over a fixed term with payments tailored to their budget. As such, Asset finance covers a range of lease structures designed for businesses to obtain the equipment they need to grow. Chattel mortgages and hire purchase agreements are similar tax effective strategies for businesses to buy machinery to fund income-generating assets. In addition to this, complex financial facilities such as scaffolding and framework finance are some other forms of financial assistance provided to the businesses.
We may be able to help you secure the refinance you need. Call us at 0280840286 or fill up a Free Assessment Form.