Frequently asked questions & answers
A private sale car loan is when a vehicle finance company lends you the money to buy a vehicle from a private seller (not a dealership). The lender will hold security over the privately purchased vehicle for the duration of the loan. Private Sale Car Loans can be used for personal use (a consumer car loan) or commercial use (business vehicle loan). Speak with one of Lending Specialists about how we can best structure your loan to suit you and the repayment that you are trying to achieve.
Private sales can relate to cars, bikes, boats caravans, camper trailers and much more. Buying privately can often be a much easier for buyers than trying to negotiate a purchase price with a dealer. Private sellers are less experienced salespeople, and they aren’t carrying overheads like rent, wages and franchise fees – so there’s no loading costs attached. Private sellers are often motivated to sell quickly, as they typically want to finance their next vehicle too. However, there are several things to consider, like getting a full inspection done before buying. Speak to the team at Fox Finance Group so we can share our advice and experience with you, while we help you finance your next private sale vehicle. Reach out to us or apply now – its obligation free.
Property investment loans work somewhat differently to a traditional home loan a client intends to occupy. Investment properties can generate income for the investor, meaning the investment income is usually factored in the pre-approval assessment process. Investing in a property as opposed to making an owner-occupied purchase are higher risk transactions, meaning the interest rate can differ slightly to a traditional home loan. Speaking to a lending specialist about your next property investment loan is the best move forward to ensure the product suits your needs best. You can speak to a lending specialist on 1300 665 906, or enquire here.
A secured debt consolidation loan is a loan for which you offer the lender some sort of security, which is usually a vehicle.
The alternative to a secured debt consolidation loan is an unsecured debt consolidation loan or debt consolidation loan where no security is required. Because this is more risky for the lender, unsecured loans can come with a higher interest rate over secured loans. Sometimes this can be balanced with the flexibility to payout your unsecured loan early without any early payout fees. Speak with your Fox Finance Group Lending Specialist about this for more information on how we can structure this for you.
A secured jet ski loan is a loan for which you offer the lender some sort of security, which is usually the jet ski itself.
The alternative to a secured jet ski loan is an unsecured jet ski loan or personal loan where no security is required. Because this is more risky for the lender, unsecured loans can come with a higher interest rate over secured loans. Sometimes this can be balanced with the flexibility to payout your unsecured loan early without any early payout fees. Speak with your Fox Finance Group Lending Specialist about this for more information on how we can structure this for you.
A secured personal loan is a loan for which you offer the lender some sort of security, which is usually a vehicle with the same or higher value as the loan.
The alternative to a secured personal loan is an unsecured personal loan or personal loan where no security is required. Because this is more risky for the lender, unsecured loans can come with a higher interest rate over secured loans. Sometimes this can be balanced with the flexibility to payout your unsecured loan early without any early payout fees. Speak with your Fox Finance Group Lending Specialist about this for more information on how we can structure this for you.
A Tradesman Loan is a type of business loan designed specifically for tradespeople, such as carpenters, electricians, plumbers, and other skilled professionals who work in the construction industry.
The purpose of a Tradesman Loan is to provide funding for tradespeople to purchase equipment, tools, and supplies necessary for their work. These loans can also be used for other business expenses, such as vehicle purchases or hiring additional staff.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your debt consolidation loan term. If you decide to go with a balloon option, you can choose this balloon amount or percentage with your Lending Specialists guideance before you loan is submitted for approval.
Alot of customers choose to have a ballon payment to reduce their repayment commitments throughout the term of the loan with the knowledge of when they are likely to upgrade to the next vehicle.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your motorcycle loan term. If you decide to go with a balloon option, you can choose this balloon amount or percentage with your Lending Specialists guidance before you loan is submitted for approval.
A lot of customers choose to have a balloon payment to reduce their repayment commitments throughout the term of the loan with the knowledge of when they are likely to upgrade to the next motorcycle.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your jet ski loan term. If you decide to go with a balloon option, you can choose this balloon amount or percentage with your Lending Specialist’s guidance before your loan is submitted for approval.
A lot of customers choose to have a balloon payment to reduce their repayment commitments throughout the term of the loan with the knowledge of when they are likely to upgrade to the next jet ski.
