Vehicles

Finanx

Personalised finance options and guidance with a professional and people-first approach

At Finanx, we’re proud to offer comprehensive vehicle financing solutions. Our experienced team specialises in securing financing for a wide range of vehicles, from compact cars to large commercial fleets. Over the years, we’ve helped numerous individuals and businesses obtain the funding they need for their vehicle needs. We’re not just about transactions; we’re committed to ensuring our clients understand the process. To gain insight into vehicle finance and how it can work for you, explore the informative content below. Whether you’re buying a personal vehicle or expanding your business fleet, we’re here to empower you with knowledge and tailor financing options to your unique goals and financial situation.

Secured Asset Finance

A secured asset finance loan is a specialised financial product designed to help individuals and businesses acquire essential assets such as vehicles, machinery and equipment. Unlike traditional loans, which may require substantial collateral or involve higher interest rates, secured asset finance loans offer borrowers a more favorable and flexible solution

In a secured asset finance loan, the asset being purchased serves as collateral for the loan. This means that if the borrower defaults on the loan, the lender has the right to seize and sell the asset to recover the outstanding debt. This collateralization reduces the lender’s risk, making it possible to offer more competitive interest rates and terms.

Secured asset finance loans typically offer benefits such as:

Lower Interest Rates: Because the lender has reduced risk, borrowers often enjoy lower interest rates compared to unsecured loans.
Flexible Terms: These loans come with flexible repayment terms, allowing borrowers to tailor payments to their cash flow and budget.
Access to High-Value Assets: Secured loans enable individuals and businesses to acquire valuable assets that may have been otherwise financially challenging.
Tax Benefits: In some cases, interest payments on secured asset finance loans may be tax-deductible, offering potential financial advantages.

Secured asset finance loans are widely used for various purposes, including purchasing vehicles, upgrading equipment and expanding businesses. They provide a structured and cost-effective way to acquire assets critical to personal or business growth.

Balloon/Residual Payment:

A balloon payment, also known as a residual payment, is a unique feature often associated with secured asset finance loans, particularly in cases of longer-term loans or leases. It represents a larger, lump-sum payment due at the end of the loan term, typically after several years of making regular monthly payments.

Here's how a balloon payment works:

Regular Monthly Payments: During the loan term, borrowers make regular monthly payments based on the agreed-upon interest rate and principal amount. These payments contribute to paying down the loan over time.
Balloon Payment: Near the end of the loan term, a balloon payment becomes due. This payment is typically larger than the previous monthly installments and represents the remaining balance on the loan.

The purpose of a balloon payment is to lower the monthly installments, making the loan more manageable during the initial period. This can be especially beneficial for businesses that expect increased cash flow in the future or for individuals who plan to refinance or sell the asset before the balloon payment comes due.

It’s essential for borrowers to be aware of the balloon payment’s size and due date when entering into a secured asset finance loan agreement. They should have a clear plan in place for addressing this payment, whether through refinancing, selling the asset, or utilizing other financial resources.

Balloon payments offer borrowers flexibility in managing their finances, but they require careful financial planning to ensure a smooth transition when the larger payment comes due.

Unsecured Finance Loan:

An unsecured finance loan is a versatile financial product designed to provide individuals and businesses with access to much-needed funds without requiring collateral. Unlike secured loans that are backed by assets like property or vehicles, unsecured loans are not tied to any specific item of value. Instead, they are granted based on the borrower’s creditworthiness and financial history.

Here's what you need to know about unsecured finance loans:

No Collateral Requirement: The most distinctive feature of unsecured loans is that they do not necessitate pledging assets as security. Borrowers do not need to put their personal property or business assets at risk.
Credit-Based Approval: Lenders evaluate the borrower’s creditworthiness when considering an unsecured loan application. Factors such as credit score, income, employment history, and debt-to-income ratio play a crucial role in the approval process.
Flexible Use of Funds: Unsecured loans offer flexibility in how the borrowed funds can be used. Borrowers can utilize the funds for various purposes, including consolidating debt, funding home improvements, covering medical expenses, or investing in small business ventures.
Risk to Lenders: Because there is no collateral involved, unsecured loans represent a higher risk to lenders. To compensate for this risk, interest rates on unsecured loans may be higher than those on secured loans, particularly for borrowers with less-than-perfect credit.

Unsecured finance loans are a valuable financial tool for individuals and businesses seeking access to funds without the need for collateral. They offer flexibility and convenience, making them an attractive option for various financial needs, whether it’s covering unexpected expenses, pursuing personal goals, or investing in business growth. It’s important for borrowers to carefully assess their financial situation and repayment capacity before applying for an unsecured loan to ensure responsible borrowing.

Cars

Secured Asset Finance for Your Dream Car!

Are you dreaming of driving the car of your dreams? Look no further than Finanx, where we combine a wealth of experience and expertise in secured asset finance for cars.
The team at Finanx boasts extensive experience across various financial fields, ensuring that we can secure the most suitable finance option for every client. We’ve successfully helped clients from diverse backgrounds and financial situations achieve their dream of owning a car. Our commitment to a personalised service means we take the time to understand your unique needs and financial goals, tailoring our financing solutions accordingly. With Finanx, you’re not just getting a loan; you’re getting a partner in your car ownership journey.

Buses

Secured Bus Financing!

Expanding your business with buses is a significant decision, and having the right financial partner makes all the difference. At Finanx, our team brings together years of experience across various financial sectors coupled with industry experience, giving us a deep understanding of the complexities of secured asset finance. We leverage this expertise to secure the most suitable bus financing options for our clients. Whether you’re in the education sector, passenger transportation, or any other industry, our team has successfully facilitated financing for businesses just like yours. We pride ourselves on our ability to tailor financing solutions that align with your budget and objectives, ensuring your business can grow and thrive with confidence.

Vans

Secured Asset Finance for Your Dream Car!

Trucks

Hauling Success: Truck Asset Finance on your terms!

Trucks are the backbone of logistics and transportation, and at Finanx, our team knows this industry inside and out. With extensive experience spanning various financial sectors, our experts have successfully secured truck asset finance for businesses of all sizes. We don’t just secure loans; we create opportunities for your business to thrive. Our experts understand that each trucking operation is unique, and that’s why we take the time to assess your specific requirements and financial goals. From long-haul trucking companies to local delivery services, our clients trust us to secure the most suitable financing options that allow them to scale their operations, all backed by our team’s diverse experience in various fields.

Trailers

Tow Your Way to Success: Trailer Financing Explained!

Trailers are indispensable assets in various industries, and our team at Finanx has a proven track record in securing trailer financing for a diverse clientele. With extensive experience in finance spanning different fields, we bring a wealth of knowledge to the table. Our experts understand that selecting the right trailer and securing the right financing can be complex. That’s where our expertise shines. We work closely with our clients to identify the most suitable trailer financing options, taking into account their unique needs and financial situations. From cargo trailers to utility trailers, fridge/freezer trailers and vehicle transport trailers, our clients trust us to leverage our broad financial knowledge to secure the best financing deals for their businesses.

Prime Movers

Prime Mover Financing for Your Heavy-Duty Needs

Heavy-duty industries require heavy-duty solutions, and the team at Finanx is well-versed in securing prime mover financing that aligns perfectly with your business goals. With extensive experience spanning diverse financial sectors, we understand the intricacies of finance for Prime Movers. Our seasoned experts leverage their knowledge to ensure you secure the most suitable financing for your prime mover needs. We know that heavy-duty operations require tailored solutions, and that’s precisely what we deliver. From logistics giants to construction companies, our clients have benefited from our financial expertise, allowing them to scale their operations with confidence. At Finanx, we don’t just secure loans; we build partnerships for success.

Cranes

Reach New Heights with our Crane Asset Finance Solutions

Cranes are an integral part of the construction industry along with many other industries. Here at Finanx, we have the experience and expertise to secure crane finance solutions that elevate your business to new heights. Our team brings together a wealth of experience across various financial sectors and industry experience, making us well-equipped to navigate the complexities of crane finance. We understand that each crane project is unique, and our experts work closely with clients to secure the most suitable financing options. Whether you’re in construction, manufacturing, or any other industry that relies on cranes, our team’s diverse financial knowledge ensures that you get the best financing deals tailored to your specific needs. With Finanx, you’re not just acquiring equipment; you’re investing in your business’s success.

Concrete Pumps

Concrete Pump Financing – Streamline Your Construction

Efficient construction projects rely on concrete pumps, and at Finanx, we excel in securing concrete pump financing solutions that streamline your construction processes. Our team’s extensive experience in various financial sectors coupled with industry experience within concreting, means we are well-versed in the intricacies of secured asset finance. We understand that each business or individual has unique demands, and our experts work closely with clients to secure the most suitable financing options. From large-scale construction companies to smaller contractors, our clients trust us to leverage our broad financial knowledge to secure the best financing deals for their specific needs. With Finanx, you’re not just financing equipment; you’re optimizing your business for success.

Motorcycles (Registered)

Ride in Style with our Motorcycle Asset Finance

Owning a registered motorcycle can be a thrilling experience, and at Finanx, we have the expertise to secure the most suitable financing options for your dream ride. Our team brings together extensive experience from various financial fields and a deep understanding of the motorcycle industry, ensuring that we understand the nuances of secured asset finance. We know that your motorcycle is more than just a mode of transportation; it’s an expression of your style and passion. That’s why our experts work closely with clients to tailor financing solutions that align with your budget and aspirations. Whether you’re a seasoned rider or a first-time motorcycle owner, our team’s diverse financial knowledge ensures you get the ideal financing for your registered motorcycle, backed by our commitment to making your dream ride a reality.

Motorcycle (Un-registered)

Off the Beaten Path – Finanx’s Motorcycle Financing gets you on track ASAP

For adventure seekers and off-road enthusiasts, off-road motorcycles are essential for exploring the great outdoors, riding recreationally and racing competitively. Here at Finanx, we have the expertise to secure the most suitable financing options for your adrenaline-fueled adventures. Our team’s extensive experience across various financial sectors and a passion for off-road motorcycles means we have a deep understanding of secured asset finance for every individual. We recognize that un-registered motorcycles serve a unique purpose, allowing you to tackle rugged terrain and embark on thrilling journeys. That’s why our experts work closely with clients to secure financing solutions tailored to your specific off-road needs. From seasoned off-road enthusiasts to beginners, our team’s diverse financial knowledge ensures you get the perfect financing for your motorcycle, enabling you to venture off the beaten path with confidence.

Ag Bikes and ATV’s

Tackle Tough Terrain with our reliable finance options for Ag Bikes and ATVs

In agriculture and outdoor activities, ag bikes and ATVs are indispensable, and at Finanx, we excel in securing financing options for these rugged vehicles. Our team brings together extensive experience from various financial sectors and a deep knowledge of off-road vehicles, ensuring we understand the intricacies of secured asset finance. We recognize that ag bikes and ATVs play a crucial role in navigating challenging terrain, whether it’s on the farm or in outdoor adventures. That’s why our experts work closely with clients to secure financing solutions tailored to your specific needs. From seasoned farmers to outdoor enthusiasts, our team’s diverse financial knowledge ensures you get the perfect financing for your ag bike or ATV, enabling you to tackle tough terrain with confidence. At Finanx, we don’t just secure loans; we empower your outdoor pursuits and agricultural operations for success.