Whether you’re a business owner or self-employed, you’re no doubt aware that it’s often difficult to find enough hours in the day to get everything ticked off your to-do list. And to keep things ticking along nicely, it’s important that you focus the limited time you have on the important things. That is, things that help grow your business and bring in revenue.
Running around like a headless chicken trying to sort out what can end up being an Everest-esque stack of paperwork to get a regular loan and spending hours on the phone to find the best deal, aren’t exactly activities that’ll assist in increasing sales. Plus, a lot of businesses won’t see a consistent revenue/income stream every month, year in year out, which may be seen as a risk to potential lenders.
Enter low doc business car loans (cue WWE entry music).
So what exactly is a low doc car loan?
‘Low Doc’ is another way of saying you need very few documents. Add that to a loan, and as we’re sure you’ve already guessed, it’s a loan which requires nowhere near as many documents as a regular loan.
In fact, to apply for a low doc car lease all you need is:
- A completed application form
- A signed privacy form
- Proof of identification
- Love for how straightforward applying for a low doc car loan is (optional)
That’s it - no fuss, no muss. Low doc business loans stretch far beyond cars, too. From RV and caravan finance to commercial equipment loans and more, as long as it’s a necessity and has a business purpose, it’s all good!
How can low doc business car loans help you?
We reckon we’ve covered a fair few reasons why it may be beneficial for you to go with a low doc loan if you’re a business owner or are self-employed. There are a few other points for you to consider, too, so we’ll condense everything down into an easily-digestible bullet-point list:
There’s hardly any paperwork involved
Takes very little time to sort out
Looks past the natural ebbs and flows of business revenue/income
Can be used for cars plus a lot of other business-related equipment
Another piece of good news is that the criteria to apply for a low doc loan will vary from lender to lender, which means while you may not tick off everything needed from Lender A, you will with Lender B and C. Long story short, you’ll be able to secure approval somewhere, allowing you to get into your new car sooner.
Get a quote for your low doc loan now
Does the above sound good and now you’re ready to get the ball rolling? Use our online quote tool now and you can find out the estimated repayments in a flash. When you’re happy with what you see (we’re pretty sure you will be), you can then easily apply online in just 5 minutes!
Find out more about low doc loans today
We understand you may have some questions about low doc loans, and we’re happy to help. Call the Stratton Finance team now on 1300 787 288 - we’ll make sure you’re 100% clear on anything you’re unsure about.
And because our network of lenders is so vast, we can find you the best low doc car loan to suit your needs, whatever they may be. So get in touch with us today.