Freightliner Argosy ARG000A PMVZ 2005 1FVJAWCK36L Prime Mover Truck
At TransCon, we leverage our extensive network of over 20 diverse lenders and deep understanding of their criteria to ensure your financing needs are met effectively. We tailor our approach to highlight the strengths of your case and address any potential concerns, ensuring the best possible outcome for your business growth.
The applicant needed $50,000 to purchase a 2005 prime mover swiftly to meet the demands of a major client’s new project on deploying recycling stations. Due to the truck's age and the recent company restructuring, traditional bank financing was not an option.
Negatives:
- The truck in question is 12 years old.
- Purchase through a private sale.
- The project linked to the truck is short-term.
- The family company recently underwent a restructure.
Positives:
- $15,000 available for working capital
- Healthy Bank Statements (NO Dishonours)
- Truck only 6 Years old
- Clean Credit
Funding Solution:
100% finance with no deposit needed.
5-year term without a balloon payment.
Low documentation, using the last three months' bank statements to prove income.
Outcome:
Victor from The Finance Group Parramatta facilitated a loan with a lender that specializes in low-doc products and accepts older vehicles and private sales. The financing was approved and settled promptly, enabling the client to avoid subcontracting and handle the project directly.