No-Doc Car Finance -Business Car Finance - Car Loans

No – Doc Car Finance

A No-Doc car loan is a product that will suit a sole trader, partnership or company that has No-Documentation to provide in order to verify income. A no-doc facility is a great way to finance a business vehicle if producing documentation is going to be difficult for your business.

To qualify for a No- Doc car loan you will need to:

Have a registered ABN number for a minimum of 2 years.
A property owner
If you are not a property owner then generally the finance provider will wants to see a large deposit ranging from 20%-40% of the purchase price. This will be determined generally by the age of the vehicle being purchased.

A No-Doc loan starts at $10,000 with a maximum lend of $25,000 and will be set up as a lease.
 
A No-Doc car loan will have higher rates than your standard lease however this is only due to the risk involved for the lender because they do not request any kind of income verification.

The interest rate will be cheaper if the applicant is a property owner compared to an applicant who is not asset backed.

Benefits of a No-Doc application?

No documentation required to verify income
Fixed interest rate for the term of the loan
Be able to set a facility when most financial institutions will decline the application because of lack of verification of income.
Balloon (residual) can be set up to reduce monthly repayments
Tax benefits will apply because the transaction will be set up as a lease.

Why choose Quantum?

Quantum finance solutions is a company that “will work for you” from start to finish in order to provide you with the best possible solution. We guarantee the best rates and lowest repayments on the market and you can feel comfortable knowing that you are dealing with an expert in the field of car finance.

Need further information?

If you require further No - Doc assistants, either call 1300 974 066 to speak with an experienced car finance consultant or complete a quick enquiry form

What is the best car finance solution for you?

At Quantum Finance Solutions we have a diverse list of car finance products for you to choose from. Whether it is a Hire purchase, Chattel mortgage, Car lease, Novated lease, Secured car loan, Unsecured car loan, Low-doc loan, No –doc loan or Start- up application; we have the right solution for you.

To work out which solution best suits you either call 1300 974 066 to speak with an experienced car finance consultant or complete a quick enquiry form