Smartline Finance for Leisure Assets – Caravans, Boats and Cars

Our asset finance team have seen a large increase in leisure, caravan and marine deals over the last 6-months as customers are embracing the “holiday here this year” concept.

I was recently speaking to a long term commercial customer for his annual anniversary call. During the call I mentioned how we now offer finance for leisure assets like caravans, as well as cars. The customer replied that they were looking to purchase a caravan and he had a quote around 6% – 7%. We simply asked the customer if they would give us a chance to beat the quote.

Smartline Asset Finance wrote the deal  at a 3.71% saving the customer around 3% in annual interest.

Finance details:

  • New Jayco Expanda Poptop Caravan
  • Purchase price: $59,900
  • Deposit: $19,900
  • Financed amount inc. fees: $40,381
  • 45% residual
  • 60 month term
  • Finance rate 3.71%
  • $470 per month in advance

How did we get this one across the line?

  • Commercial purchase – chattel mortgage
  • ABN + GST 3 years
  • Lender – ANZ – Streamline Lite Doc
  • Most recent BAS Statement and 12 months ATO portals
  • Residential property backed
  • Strong credit reference

If you have any future lending requirements please feel free to give our team a call on 02 9545 6334 or 0433 317 519