Operators in the Car Carrying business have a specialist role in the Transport Industry, given the often expensive nature of the cargo and the way in which the Car Carrier needs to be loaded and unloaded. When assessing finance deals relating to Car Carriers, careful analysis needs to be undertaken relating to some critical factors that can either make or break these types of deals.
Given our experience with such transactions, we can handle Commercial Equipment Loans for Car Carrier Trucks with confidence and achieve a great deal of success in this area of finance. Often Car Carrier Trucks are Prime Movers converted into Car Carrier Trucks that tow a Car Carrier Trailer. Our Heavy Vehicle Finance Company also handles deals relating to Car Carrier Trailers of which you can see in the Trailer section of our site.
Let us help you finance that next Car Carrier Truck so that you can grow your business and increase your turnover and overall position in the market.
Example Funding Scenario
- A Car Transport operator approached us for the purpose of purchasing an additional Car Carrier
- This deal was initially declined by client’s bank as the deal did not service on the last two years Accountant prepared figures
- Purchase Price of Car Carrier – $320,000 (gst inc)
- Financials available
- Self employed for 7 years
- Equity in equipment – no
- Director a home owner – yes
- We requested clients last two years financial statements from their Accountant.
- A copy of a work contract was requested from the client showing some form of work commitment going forward.
- Our one page application was taken over the phone.
- A carefully constructed cash flow projection was prepared complete with full supporting assumptions.
- A finance approval was granted two days later for the full $320,000 (gst inc).
- Security was the new Car Carrier Truck.
- No deposit required allowing client to borrow 100% of the purchase price and preserve cash flow.
- As our office was able to put an approval in place for this client, they were able to expand their business and increase turnover by $400K.
Types of Car Carrier Trucks that we have financed are noted below:
If you would like to get an immediate finance pre-approval underway, you can either call one of our Consultants direct on 1300 788 740 or complete our simple ONLINE PRE-APPROVAL page of our web site.