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Two questions we are often asked are “What’s the minimum credit score for an asset finance loan?” or “Is there a minimum credit score for an asset finance loan?” This Blog aims to answer those questions and provide clarity for those looking to secure an asset finance loan. When it comes to applying for an asset finance loan in Australia, one of the most important factors that lenders consider is your credit score. 

Asset refinance is a financial strategy that allows businesses and individuals in Australia to unlock the value of their existing assets to obtain funds for various purposes. If you’re looking to expand your business operations, renovate your property, or manage cash flow, asset refinance can be a viable option. In this blog, we’ll delve into the details of asset refinance in Australia, covering its definition, process, benefits, and considerations.

In Australia, all motorcycle riders and passengers are required to wear a helmet. It’s a law that protects the safety of everyone on the road. A helmet also shields you from harsh weather conditions and gives you great visibility. However, wearing a helmet is only half the battle, to be as safe as possible, you need to own the right one.

Guying a new or used motorbike, ATV or car is a feeling like no other. Whether you’re upgrading to a later model, a more reliable vehicle, expanding your family, or simply treating yourself to a dream recreational vehicle or car, the journey begins with finding the perfect set of wheels. However, before you start test-driving and haggling over prices, there’s a crucial step that can greatly enhance your buying experience: getting pre-approved for your car loan.

It’s about this time Australian car owners start trying to work out how they can improve their tax return. Through deduction claims, expenses, log books and all other claims to get more of your tax back each year.
Deductions are different for every person and relate to your specific situation, but we’ve put together a list of possible car related deductions to help you get a better return.

The asset finance market in Australia provides businesses with a range of opportunities to acquire essential assets and fuel growth. Whether you’re a small business or a large corporation, understanding the ins and outs of asset finance is crucial for making informed decisions. To help you better understand how asset finance can assist your business,…

Asset financing allows businesses the opportunity to grow and expand, even if they don’t have enough liquidity or access to working capital.

In fact, some companies prefer to use asset finance as it doesn’t tie up large amounts of capital in a purchase. Rather, they may prefer to spread the payments out over a period of time and not disrupt cash flow.

Asset finance lenders have also seen strong growth in Electric Vehicles (EVs) financing, up 235 per cent in the last 12 months.

The jump is supported by lenders offering attractive product incentives and interest rate discounts off the standard rate for new and used electric or hydrogen powered cars, trucks, vans or buses, and also discounts on other qualifying assets including electric and hydrogen powered machinery, solar, wind and hydro-powered equipment and charging and storage equipment valued up to $250,000.

When looking to buy your next car, motor bike, SUV, caravan, boat or other leisure vehicle, what is the best finance option to use? Apply Now The road you take to secure funding may vary depending upon your circumstances.

At its core, the instant asset write-off is a tax incentive designed to empower small businesses by allowing them to immediately deduct the full cost of eligible assets.

Whether you need a loan for a Motorbike, ATV, car, caravan, or boat purchases, the decision-making process can be complex and overwhelming. You’re not only trying to choose the perfect vehicle to meet your needs, but also navigating the complex world of financing.

At Urban Motor Finance, we understand the challenges customers often have when managing multiple debts. A debt consolidation is one way customers can better control their monthly outgoings, as a debt consolidation simplifies repayments by merging debts into a single loan or credit line.

Now is a great time to review your current debts and consider debt consolidation or debt restructuring. Debt consolidation: A UMF personal loan can help you roll multiple debts such as personal loans, motor vehicle loans and credit cards into one loan. You can benefit from the simplicity of one repayment which can improve cash…

1. The rate you see is not necessarily the rate you get: Many places will advertise low interest rates, in some cases even 0% although if you get approved for a loan don’t assume you’re getting the interest rate they are advertising. Unlike other loans such as mortgages and credit cards, vehicle finance is unique…

At Urban Motor Finance we understand that perfectly good people or businesses may not have the paperwork required to secure a loan. This is why we have the ‘Low Doc’ loan option that is suited for companies and sole traders.  A ‘Low Doc’ loan is ultimately much like a regular loan, except with minimal supporting…

Tax breaks are few and far between, and this one’s a ripper. See how you can invest in business equipment without affecting your cash flow. The $20,000 Instant Asset Write-Off scheme could be a huge boost for your cash flow. By using this tax deduction, you can decrease your tax payable, which means you can…

Private sale finance is available for a range of vehicles including cars, motorcycles, trucks, earthmoving equipment and more. So, If you’re looking to finance a motor vehicle purchased from a private seller, there are a few things you need to be aware of before you get started. Otherwise you could find yourself being offered an unsecured…

The Australian Government has announced an increase in the instant asset write-off from $30,000 to $150,000 in response to the economic impact of the coronavirus. The increased limit is in effect until 30 June 2020.
Amid novel coronavirus, this is likely to be welcome news for many Australian businesses. In 2017-18, there were more than 360,000 businesses that benefited from the instant asset write-off scheme. Here’s why, and what that means.

When you are out to buy a car, you might need some finance to help you make the purchase. Here are some things to think about so that you get a loan that suits you. 1. Figure out a comfortable loan term: Before applying for a car loan, please think how the repayments could affect…

The $30,000 instant asset write-off  can be an effective way to reduce your tax bill. See how you can use the $30,000 instant asset write-off to invest in business equipment without affecting your cash flow. The $30,000 Instant Asset Write-Off scheme (which was raised from $20,000 as of 2 April 2019) could be a huge…