Why motorlend?

As financial brokers, we specialise in connecting you with the ideal loan product tailored to your specific requirements. We can secure competitive rates for a wide range of financing needs, including but not limited to:

• Cars
• Boats
• Trucks
• Equipment
• Machinery

Our expertise extends beyond these categories, and we can assist with various other financing needs as well. Simply let us know your specific requirements, and we'll work diligently to find the right loan option for you.

A lease is intended for business purposes and offers the advantage of being 100% tax deductible. However, terminating a lease prematurely can result in substantial break-lease fees. A loan is an agreement between yourself and a lender where you make payments until you have paid the loan to a $0 balance.

As a new arrival in Australia, you can still be eligible for finance. We offer loans specifically tailored for new and temporary residents. While there may be certain guidelines and requirements to meet, simply being new to the country will not prevent you from getting your finance approved.

Certainly! You have the option to purchase from a private seller. In fact, we take an extra step to ensure a smooth transaction by verifying the seller and ensuring that any outstanding amount on the asset is paid off during the settlement process. This helps protect your interests and ensures a seamless purchase experience.

If you're concerned about a potential negative impact on your credit score when seeking finance, it's advisable to reach out to a broker. They can provide you with a quote without affecting your credit score. This allows you to explore your options without the worry of any negative consequences.

A personal loan offers flexibility and can be used for a variety of purposes like debt consolidation, home improvements, travel, wedding expenses, vehicles, and large purchases like appliances, furniture, or electronics. However, it's important to note that a personal loan cannot be used for a full mortgage or for investing. It's essential to consider your specific needs and financial goals before applying for a personal loan.

A balloon payment is a one-time lump sum due at the end of your car loan. It allows for lower monthly repayments by paying interest only on a portion of the principal. Just keep in mind that the balloon payment will make up a significant portion of the remaining loan balance.

Debt consolidation simplifies your finances by combining multiple debts into one. This can save you money with lower interest rates and reduce your monthly payments. It can also help improve cash flow and allows for easier repayment with just one payment each month. Additionally, successfully managing consolidated debt can positively impact your credit score.