Freightliner recently launched their new Cascadia into the Australian market after much testing in our demanding local conditions. Freightliner trucks are fully imported into Australia from the company’s North American manufacturing facilities and tailored to suit Aussie conditions. According to reports, the parent company, Daimler Trucks, spent a mozza to set the Cascadia up for right-hand drive and get it onto the Australian market. Those efforts may have been worth it as the Cascadia appears to be receiving a great reception with one reviewer commenting that it is a ‘dream to drive.’
But with COVID-19 presenting most Aussie business owners with tough operating conditions and somewhat unknown times ahead, buyers will be looking for a lot more in their Cascadia purchase than simply driver comfort. At Jade Truck Loans, we know that for the smart truck buyer, it’s very much about the bottom line. What will it cost me each month? Will I get the ROI I need to make a profit?
In the promotional material, Freightliner promote their 6 pillars of low cost ownership of the Cascadia – fuel efficiency, quality, safety, driver experience, uptime and connectivity. But at Jade Truck Loans, we think they’ve overlooked what we consider the major factor in truck ownership - the truck finance deal. Or more specifically, sourcing a cheap truck loan.
Like every major asset acquisition buying a Freightliner is a considered purchase. Apart from deciding on the different aspects of the truck that you need for your operation, there are the all- important decisions around your finance to be sorted. We’ve summarised some of the options available to finance your new Freightliner. The questions you need to address to ensure you get the best loan deal.
Freightliner Lender Options
Buyers have various paths they can choose to secure truck finance for their Freightliner.
The first option is to handle the finance process themselves, which requires devoting significant time to source multiple competitive quotes. This involves making numerous calls to banks and finance companies, completing detailed application forms, analyzing the numbers, and understanding the terms and conditions to make an informed decision.
Alternatively, buyers can use Jade Truck Finance as their broker, which streamlines the process and expands the range of available lenders. A Jade consultant will obtain quotes from their extensive lending panel and present the most affordable option. Once accepted, Jade will manage the paperwork, allowing buyers to focus on their business and preparing for the Freightliner's delivery.
Another decision to consider is whether to opt for a bank or a non-bank lender. While banks offer truck finance, Jade's non-bank lender connections often provide more competitive interest rates and flexible loan terms. Jade consultants will explore both options to secure the best possible interest rates and terms for the buyer.
Banks typically have rigid loan terms, leaving little room for negotiation. Given that truck loans often span long periods, securing the most favorable loan term becomes crucial in reducing monthly repayments, which can significantly impact the decision-making process.
For buyers who face challenges in meeting the strict financial documentation requirements set by banks, Jade Truck Loans offers a Low Docs Truck Loan service. Jade consultants will make efforts to find an acceptable loan offer for such buyers.
Freightliner Finance Types
Deciding on which type of loan is best suited to your business set-up is extremely important. Each of the loan types available for truck finance has varying benefits in regard to tax deductions, treatment of GST and depreciation. Selecting the most appropriate for your business is a key decision and we advise our customers to consult with their accountant on this issue.
Jade Truck Loans offers a full range of loan types to suit many operations:-
All our Jade Truck Loans are sourced with better interest rates and with fixed cheap truck loan interest rates, fixed repayments and fixed loan terms. In short, we aim for the cheapest truck loans for our customers as the foundation for low cost truck ownership.
To be organised prior to discussing price with a Freightliner dealer, discuss a pre-approved loan with your Jade Truck Loans consultant. It may assist in deciding on the model and extras you want in your vehicle.
The Cascadia Decision
With your finance decisions made, it comes down to which Freightliner. The Argosy, Coronado and Columbia have been on the market for some time but it is the Cascadia which is attracting all the current attention.
Available in two sizes – the 116 has the 13 litre Detroit diesel and the 126 a 16 litre Detroit diesel - Freightliner attest that the Cascadia offers class-leading fuel efficiency and is the safest conventional bonneted style truck currently available on the market.
Knowing the finance options available to you, and potentially equipped with your pre-approved Jade truck loan for cheap finance for a Freightliner truck, head into your local dealer and make your own decision as to whether or not the Cascadia will be your new truck.
To discuss cheap finance for a Freightliner truck, contact Jade Truck Loans on 1300 000 003
DISCLAIMER: THE INFORMATION PROVIDED IN THIS ARTICLE IS FOR GENERAL INFORMATIVE PURPOSES AND NOT INTENDED AS FINANCE ADVICE. INDIVIDUALS SHOULD REFER TO THEIR FINANCIAL ADVISOR OR ACCOUNTANT FOR ADVICE IN REGARD TO THEIR INDIVIDUAL FINANCIAL DECISIONS AND SPECIFIC CIRCUMSTANCES. DETAILS IN REGARD TO GOODS, SERVICES AND GOVERNMENT OFFERS AND POLICIES HAS BEEN SOURCED FROM PUBLIC MANUFACTURER AND SUPPLIER WEBSITES AND GOVERNMENT RESOURCES. NO LIABILITY IS ACCEPTED FOR ANY ERRORS OR MISREPRESENTATION OF INFORMATION AND DATA OBTAINED FROM THESE SOURCES.
