Talk with A Savvy Consultant
This is a chance for one of our finance experts to get a feel for what your business does and where things are going. It’s usually a relatively quick conversation where you’ll provide basic details for your application – but it’s an important step in the process of getting you on the road quickly and efficiently while sourcing the ideal finance option.
Making Recommendations
Once we know a bit about your situation and targets, our consultant will begin to make some recommendations based on that. They’ll look at your borrowing capacity and what documents you have available – ideally, you’ll have current financial statements and tax records. That determines which of our partner lenders are available to you – and it’s where we’d point you towards a low doc solution if your paperwork wasn’t up to standard application requirements, for example.
Preparing your Application
This is the point where your consultant will bring your information together and package that into a successful application. That gets based on your financial capacity, business specifics, and how much you want to borrow, and we’ll forward your details to the lender that represents the best match. Meaning you’re not wasting time with loan providers who don’t fit your profile, which is just one of the ways we keep the time required for applications to a minimum. In many cases, consultant-prepared submissions get approved within hours.
Getting Approved and Buying a Vehicle
Once our consultant has secured conditional approval from the lender, you can go ahead and request an invoice from your truck supplier. That’s the signal for the loan provider to forward official agreement documentation, which you can sign and return digitally – and then you’re well on the way to taking delivery of your new truck.
Settlement and Vehicle Delivery
The lender will then go through the settlement process, which results in the truck supplier’s invoice being paid so they can start the ball rolling on making a delivery to you. If it’s not a special order and the truck is in stock, that only takes as long as the funds transfer from the lender, and they usually deal with that pretty much immediately. At that point, the lender will send out a settlement pack.