Australia’s growing trucking industry is proving to be profitable, so don’t be surprised to see more long-haul trucks hitting the highways these days. If you are new in the business and are unsure whether to invest in a new truck or a used fleet, we’re here to help you make an informed decision.Continue reading Buying a truck fleet for your business: New or used?
Australia’s medium-duty truck industry has been blessed with two new additions — the HINO 500 Series Wide Cab and Standard Cab.
Soon, we’ll see the complete set of HINO 500 series trucks on the road and based on the reviews so far, there’s a lot to be excited about.
Many companies offer low interest or 0% finance interest rates on new trucks, which at face value looks like a great deal. But is it?
The main manufacturers all offer these deals but be warned, you may well end up paying more for your new truck than if you had shopped around and (maybe even) financed your new wheels through Aussie Truck Loans.
When you’re applying for a loan, or any finance whether it’s for a small van or large truck, it’s important to know how the finance industry operates.
It’s clearly very important to the finance company that you are able to service, i.e. repay the loan, so they make extensive investigations into your credit history before they approve any loan. Continue reading Why You Should Avoid A ‘Busy Recent Credit History’
They’ll be coming back down the road from the mines at best ever prices!
New business opportunities have emerged with the massive influx of trucks and other heavy machinery to support the construction of the infrastructure for the mining and oil and gas sectors.
With the completion of much of that infrastructure, including the rail tracks, many of those trucks are now coming back on to the market.
It’s time for a new truck and having made the decision to buy the next question is often not what truck, but how you are going to pay for it.
Financing a truck can be a minefield to the uninitiated, especially when the salesperson starts bandying about terms like hire purchase, novated leases, residuals and balloons. But despite the confusing nature of the jargon, most of the finance products on offer are fairly simple and with a little understanding you can make sure you’re getting the best deal for your situation. Continue reading Lease or Buy?
Given the amount of time you spend together, choosing a truck is a lot like choosing a mate, of sorts. Here are a few important tips to help put you on the road to success.
Reducing the “Life-Cycle” Cost
When choosing a truck the biggest consideration is the “Life-Cycle” cost, or total cost incurred during the life of the truck. It’s important to look for features that reduce this cost and increase the time the vehicle is actually making money. Continue reading Choosing the Right Truck
Credit check – Tips to boost your loan worthiness
Shopping for a truck loan can be as daunting as choosing the right vehicle. As well as seeing who offers the best rates, it’s worth assessing how attractive you appear as a potential borrower. Showing you’re a good risk improves your credit rating, saving you time and money. Continue reading Approval Tips
Look carefully at the future of your business. Do you need short-term or long-term funding? And more importantly, how are you going to generate the money needed to repay the loan?
Sell your business confidently when you’re seeking a truck loan. You’re convincing the lender they’ll make a profit from lending you the money – so you need to convince them you’re not a huge risk. It’s a good idea to have a plan in place to show how you’d cope with repaying the funds if a risk arises. Continue reading Tips for Getting a Truck Loan