Keep it simple when financing your next caravan, camper trailer, boat, motorbike, horse float, scooter, jetski, motorhome….oh, that didn’t keep it very simple did it?
It will be simple and easy to get approval for your next leisure asset purchase, thanks to Finance 101. We work with over 20 different lenders with access to specialised products, allowing our team to tailor the perfect loan for you. Working with Finance 101 will ensure that you have access to market leading interest rates and are kept up to date every step of the way. It’s that simple!
Personal leisure loans
A personal loan for a leisure asset is the most common of the loans available. This is where the vehicle will be used mainly for personal use. You can choose either a secured loan or an unsecured loan, depending on what is benefits are most important to you. The secured loan will normally mean lower interest rates as the lender holds security over the loan, whereas with an unsecured loan the lender doesn’t hold the title on the asset and you’ll generally be able to pay out early with no penalty at all.
Some of the key features of secured or unsecured leisure loans are:
Finance any age asset anywhere in Australia
Available for dealer, auction and private sales
Flexible loan terms available (from 1-7 years)
Beat the banks with a secured leisure loan
Rates and payments are fixed over the term of the loan
Pay it off faster to save interest
Make extra repayments if you like
Finance the full purchase price or chip in some deposit
Business leisure loans
A business loan for a leisure asset is the type of loan for customers who are self-employed or plan to use the vehicle predominantly for business use. Business loans come in a few different shapes and sizes, being Chattel Mortgages, Hire Purchases or Finance Leases. Some lenders will require financials but Finance 101 have access to a variety of different low doc or no doc loans as well for your convenience. We recommend speaking to your tax agent before moving ahead with a leisure loan under your business name as not all companies will be able to justify business usage.
Some of the key benefits of business leisure loans are: