The major weather event which has seriously impacted primarily the eastern seaboard and inland areas of NSW and SE Queensland looks like presenting issues for some of our customers and truck owners and operators in many ways and for some time. At Jade Truck Loans we are ready to provide our priority services to assist wherever possible.
Floodwaters are predicted to keep rising and affecting downstream regions for a duration before gradually subsiding. Those areas where water levels have started decreasing are unveiling substantial destruction across vast expanses. The harm to roads and infrastructure is extensive, as bridges have been washed away and numerous pathways are completely impassable. For businesses that rely on these routes for their distribution operations, seeking alternative paths might be necessary, or work might need to be postponed until access is reestablished.
Alterations to business strategies and delays can lead to unexpected costs for companies, influencing their cash flow. Though there's financial assistance accessible from both state and federal governments, and insurance might cover certain expenses, these might not suffice for numerous operators. In addition to providing loans for truck purchases, Jade Truck Loans can help locate cash flow finance choices for a range of businesses and needs. Kindly get in touch with us to discuss your requirements with our advisors.
Quickly Replacing Trucks
Numerous truck proprietors and operators in regions impacted by floods will likely have experienced complete vehicle loss. These vehicles have either been carried away or rendered entirely unusable/written off due to water-related harm. In numerous instances, these vehicles are crucial to the operation’s functionality or an owner’s means of making a living. They might even constitute the core of the business, especially for contract drivers or trucking enterprises. Swiftly replacing these vehicles will undoubtedly become a primary concern for countless operators.
The process in cases of such disasters is for insurers to address and process insurance claims with high priority. But with such widespread damage, delays may be inevitable. Those looking to replace their vehicles as quickly as possibly don’t necessarily have to wait until their insurance claim is settled before proceeding to arrange the purchase of new vehicle. Jade offers no deposit truck finance so 100% of the truck purchase price can be included in your new truck loan. Leaving the insurance payout on the written-off truck available to payout any money outstanding on an existing finance deal.
If your insurance payout proves sufficient to cover the entire cost of purchasing a new vehicle, reach out to Jade Truck Loans to discuss the possibility of a temporary, short-term loan. This loan could serve as a bridge, enabling you to proceed with the acquisition of a new vehicle while awaiting the insurance settlement.
Jade Truck Loans' advisors are ready to prioritize new truck loan applications to expedite approvals and ensure swift settlements. This way, you can soon take delivery of your new vehicle and resume your operations promptly.
By entrusting your truck loan needs to Jade, you can allocate your time and attention to the likely considerable number of other tasks demanding your focus. As a broker-style lender, we hold accreditation with major banks and numerous non-bank lenders, affording us comprehensive access to arranging financing solutions for our clients within the industry.
Our consultants will manage the entire process on your behalf – from obtaining quotes to aiding with paperwork and finalizing settlements. If you've experienced loss of business documents, financial records, or even computer systems due to the flooding and rain event, there are remedies available to address such situations.
Many financial records can be accessed through other channels such as your accountant, downloading bank statements online and accessing ATO and other government sites for details of BAS and tax payment history.
If you are not in a position to handle those issues at the moment, Jade offers Low docs and No docs truck loans for businesses with little or no financial documentation.
Both fully documented and low docs/no docs truck loans are available across our asset acquisition portfolio:-
- Chattel Mortgage
- Truck Leasing
- Truck Rental
- Commercial Hire Purchase
We reassure you that as a specialist business and truck lender, Jade has the resources, capabilities, finance products and the initiative to assist business owners with financial solutions.
Preparing for Recovery and Rebuilding
The process of recovery and reconstruction within communities affected by the floods will be extensive. The demand for assistance will be substantial, and the need for rapid action even more pronounced. If you are considering expanding your truck fleet to be prepared for aiding in the restoration of infrastructure, roads, and other essential projects, Jade can provide support through affordable truck loans for the new vehicles you might require.
With our services handling the entire truck loan process on behalf of our customers, we not only save you a lot of time and hassle, we can expedite the entire finance process. When time is a key factor to your truck purchase, working with Jade Truck Loans on arranging a cheap interest rate truck finance solution can be a significant contributor to a speedy outcome.
To discuss your truck finance requirements in the wake of flood damage or to scale-up for the rebuilding phase, contact Jade Truck Loans on 1300 000 003.
DISCLAIMER: THIS INFORMATION IS ISSUED PURELY FOR THE PURPOSE OF GENERAL INFORMATION PROVISION. IT IS NOT TO BE TAKEN AS THE ONLY SOURCE OF INFORMATION FOR BASING FINANCIAL DECISION-MAKING. THOSE REQUIRING FINANCIAL GUIDANCE AND ADVICE SHOULD CONSULT WITH THEIR FINANCIAL CONSULTANT OR ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATION OF POLICIES, DATA OR ERRORS IN THIS CONTENT.
