When shopping for a loan product Isn’t it true that the interest rate is the most important factor to consider?  What if we told you that the greatest bargain isn’t usually the one with the lowest interest rate? In truth, there are several reasons that can lead a loan package with a lower interest rate […]

We’re all diverse in terms of our desires, needs, and financial circumstances. When it comes to buying a car, there are several key elements that appeal to us depending on the type of driving we’ll be performing. Whether you’re driving the family, going to work, or hauling a trailer, this will make you think about

It’s a lot of fun shopping for a new car. Researching all the possibilities and test driving each of the potential models, then choosing on the one that’s ideal for you and slipping into the driver’s seat of your gleaming vehicle, breathing the indescribable new car scent… There aren’t many feelings that can compare to

When it comes to vehicle loans, there are a variety of options available nowadays. We thought we’d put together a ‘Which car loan and how does it work?’ essay that explains the many sorts of car loans available to you and how they work. This will allow you to make a much more informed decision,

Are you a tradie looking to purchase a piece of used equipment that’s over 15 years old? The best rates and terms on used equipment loans at your fingertips. When it comes to equipment loans, many people are under the impression that it will cost them more to finance an older equipment compared to the

Berra finance offers Quick and Easy finance solutions for Health, Beauty & Fitness Industries. Most small businesses require funding to grow. Statistically, up to 80 % of all equipment is financed in some way.  As most banks struggle with funding non-medical Health & Beauty industry equipment, many businesses use their Credit Cards, Private Lenders or precious

Are you a truckie or courier looking to expand your fleet with used trucks or used trailers? The best rates and terms on used truck financing are at your fingertips. When it comes to truck loans, many people are under the impression that it will cost them more to finance an older truck compared to

What is a car loan pre-approval? Car loan pre-approval is when your lender agrees in principle to lend you a certain amount of money to buy a car, subject to credit approval and a lender accepted invoice from the dealer or the private sale vendor. This implies that, based on the information you provide at

Taking the plunge into a new business venture is both exciting and daunting. On the one hand, you’ll finally be in charge; you’ll be the master of your own destiny, chasing achievement in a field that you actually care about. On the other hand, you now have a laundry list of items to check off

Depreciation is the natural wear and tear of property and assets over time. While almost everything depreciates, only owners of income-producing properties and businesses can claim depreciation as a tax deduction. These deductions can be claimed as either capital works or plant and equipment. A motor vehicle is classed as a plant and equipment asset

You have to spend money to make money. It’s a phrase most people know well, especially when you own or run a business Whether you’re running an office-based business and need equipment such as printers, copiers and computers or working in construction and looking to buy machinery or business vehicles, it’s important to think about

What is a credit score? A Credit report also known as a credit rating, is calculated by a reporting agency based on your borrowing history.In a nutshell, your credit score tells potential lenders how reliable you are as a borrower. Typically, a credit score will be between zero to 1,000 or 1,200 (depending on the credit

A chattel mortgage is a type of commercial vehicle finance. Under a chattel mortgage Australia, a lender loans money to a customer to purchase a vehicle. The customer then begins to make regular payments. Ownership of the vehicle is taken by the customer at the time of purchase, but the lender takes out a mortgage

In promising news for prospective buyers with a shaky credit history, there’s no fixed minimum credit score for a car loan in Australia.However, as lenders refer to your credit score to determine the risk of providing a loan to you, a lower score might make them wary of lending to you. Consequently, they might charge

If you’re ready to finance a new car, truck, construction equipment or something else and you’ve been shopping around at a few different banks and lenders, chances are you’ve discovered that the rate of interest on offer can wildly vary depending on who you’re talking to.Additionally, there may be one lender that will approve your

Is it possible to trade in a car that’s still financed? The simple answer is yes. When you take out a car loan, you are signing a legally binding contract and agree to pay back the full amount, including interests and fees. If you want to buy another car, you will still have to deal

Construction loans As an example, let’s say your business is working on a large infrastructure project. On the project your payment terms with the contractor are 30 days, but your workers are paid weekly. The invoices regularly require chasing and are often paid closer to the 60-day mark with some falling even into 90-days.  The contractor