Asset/Car Finance

Asset finance is based on your specific circumstances and lender requirements. The advantage of working with Forget Me Not Finance for your car or any other asset finance you may require, is our access to a wide range of lenders, each with unique criteria and flexible terms. Your broker will work closely with you to understand your situation and help secure the best finance rate and repayment options tailored to your needs.

Some examples of criteria that will be assessed are:
• Your property status – Do you own or rent your property?
• Your employment status – Whether you are an employee or run your own business
• How long have you been in your job or held your ABN
• Your credit history: We perform these checks on your behalf
• Your residency status
• Your previous finance history
• Your assets, liabilities, expenses and savings

Financial Flexibility

Our lenders offer a wide range of flexible options, including no early termination fees, variable loan terms, and the ability to add a residual/ balloon payment.

When financing equipment or a business vehicle, you might be offered a balloon payment. It’s a lump sum due at the end of your loan term, and it can significantly reduce your monthly repayments.

However, there are some pros and cons to be aware of.

Pros:
● Lower monthly repayments
● Better cash flow management
● Flexible end-of-term options (refinance, upgrade, pay outright)

Risks:
● Large lump sum due at the end
● May impact your ability to refinance
● Assets may not hold value over time

For more information and to compare your options, speak to a finance broker today.