Trade and industry conferences and exhibitions are now back on the agenda as COVID restrictions are eased and lifted across Australia. In the past weeks AGE, AWRE and AgQuip have all been held and plenty more are to come this year. Great news for business owners and operators as well as the equipment manufacturers that now have a showcase for their new releases. For operators in the process of planning to attend their industry event, now could be the time to consider talking with us about pre-approved machinery and equipment finance.
Placing orders for new equipment at expos and field days can be convenient, time-saving and astute. With supply chains causing delivery delays of many makes of new equipment, being in a position to place an order asap may mean a shorter delivery time or securing items which are in limited supply.
But in order to be in that privileged position, many business operators will want to know clearly and specifically that they have their finance organised. Jade Finance provides operators attending field days and trade shows with the confidence to place an order on the day with pre-approved equipment finance.
For those attending upcoming exhibitions, we explain the benefits that can be realised with pre-approved finance and how simple we make the process of applying and securing the cheapest equipment finance.
Benefits of Pre-approved Equipment Finance
Pre-approved finance is a loan for machinery or equipment that is applied for, offers and quotes sourced and application approved before the purchase has actually been finalised. This type of finance can even be arranged before the final choice of machinery is made.
Why would businesses want to source finance before they even know what they will be buying?
- So they have a better idea of how much they would be approved to borrow.
- So they have a finance budget to work to rather than scrambling to source a loan to match the price tag of the equipment they have committed to buy.
- Provide greater confidence to make asset investment decisions and commitments.
- To structure the machinery with options and extras to the amount of the loan total approved.
- To have firm quote and monthly finance repayments known prior to buying.
- For investment planning and budget forecasts.
- To make quick buying decisions to snap up equipment which is only available in limited quantities due to supply chain issues.
Products and Interest Rates
Pre-approved equipment and machinery finance is available on our full range of business asset acquisition finance products:
- Chattel Mortgage
- Commercial Hire Purchase
- Leasing
- Rent to Own
This type of loan and finance products are available for a wide range of new equipment and machinery across all industry sectors.
The interest rate that applies to a pre-approved loan will be the same as is applicable to a loan which is sourced and quoted after the sale. The interest rate is determined primarily on the credit profile and risk assessment of the business by our lenders. Rates do vary across the different finance products.
Rates will vary across equipment for different industries and for different businesses. So a pre-approved loan eliminates any uncertainties around what rate you may be offered on a particular type of equipment.
Pre-approved finance will have an expiry time. The business has that timeframe, which is advised at the time an offer is made, to proceed with the finance. If that does not occur, the finance offer will expire with no obligation. If the business requires the loan at a date down the track, we would need to re-quote. With interest rates currently being increased as per RBA decisions, a ‘down the track’ requote may be at a higher interest rate.
Upcoming Exhibitions
A number of key exhibitions and conferences are on the horizon, including:-
- 17th-19th October, Oil and Gas Exhibition, Adelaide.
- 23rd-25th October, Foodservice, Sydney – this is a massive event and must-attend for those in the hospitality sector.
- 20th-22nd October, Field Day Orange NSW
Plus many more. All great opportunities to meet with manufacturers and suppliers and see first-hand the latest releases in machinery and equipment in your particular industry. These types of events often offer show discounts and special offers which are only applicable to orders placed at the event. Pre-approved finance would enable buyers to take full advantage of such offers.
When booking your tickets for your industry exhibition, make the next step contacting us to discuss pre-approved machinery and equipment finance to complete your pre-expo preparation.
Contact Jade Finance 1300 000 008 for pre-approved machinery and equipment finance.
DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.
