Client Success Story – First Car (Secured Loan)
At Amfin, finding solutions which meet your client's needs is the crux of our business. In many instances, specific client circumstances can lead to hurdles with lenders.
At Amfin we use our expansive panel of over 60 lenders, including traditional and non-traditional, to overcome such hurdles and provide your client with their desired finance.
Below is an example of how our team navigated some unusual circumstances, resulting in a great solution for the client.
Our client was looking to purchase their first new car and had a budget of $40,000
- The client held a Skilled Regional Sponsored Visa (Subclass 487) with just over three years remaining
- The client had no credit history available to strengthen their application
Our experienced team workshopped the deal with a number of lenders in order to find the best option which enabled the client to obtain the maximum borrow amount off their weaker than usual profile.
The client purchased their new car with less than 10% deposit, leaving them with a $41,000 loan with a 3 year term
By navigating the lending landscape and utilising the strength of our lending panel, our team was able to think creatively to secure a loan solution which fit the client’s requirements despite their profile.