When it comes to financing a new vehicle for your client our priority is keeping things simple, with a short turnaround to ensure your clients’ new wheels are on the road pronto.
Follow our motor matrix checklist for quick and easy approval when financing a commercial car or ute with us:
Age of vehicle
Our book is crammed with all aged vehicles, from ex sport Datsuns to the latest Kia Sportage or Toyota Prius. While we’re fans of all vehicles, cars up to 5 years old fall into our dedicated motor matrix making the process even quicker.
Amount financed
Whether you’re working with a new or existing customer, they can borrow up to $150,000 for a new commercial vehicle.
Maximum exposure
If your client has been with us for up to a year, they’ll start out with a maximum exposure of $150,000. If they’ve been an existing customer for more than 3 years, this increases to $250,000.
Business continuity
We can provide more flexibility than many traditional bank lenders. Your client needs to prove a minimum of three years’ trading history to fall into our motor matrix, but don’t worry if they can’t, we’ll always consider an application on its own merits.
Credit history
Bonus points for borrowers / guarantors with squeaky clean credit history.
Guarantees
Don’t forget to include all company directors / shareholders’ signatures – we’ll need those.
Property ownership
While we’ll never use personal home as security, if you can prove your client is a homeowner it’s another tick towards their new car. However, we appreciate that not all business owners will have invested in property which is why we’ll also accept a 20% deposit instead.
Done deal with a dealership
Any car financed through a licensed dealer or recognised supplier is good with us.
What next?
To discuss finance for your client’s next commercial vehicle, call 0800 727 101 or email info@partnersfinance.o.nz.
*Your application is subject to Partners Finance & Lease’s lending terms and credit approval criteria.