CoverU Leasing and Financial Services

CoverU Leasing and Financial Services Vehicle and equipment finance for personal or business use.

19/10/2021

Well its been a while as we navigate our way through the new covid world. Record house prices are not the only thing being affected. A very big stock issue is affecting vehicles and equipment as well and prices are reflective of this for both new and used. Some models are out to more than 12 months with no guarantees when they will be available after that.
Rates are slowly starting to climb and lending rules are continually changing albeit we are starting to see some new lenders starting up with a target to make it easier especially for self employed.

Give us a call if you need any assistance, we are working with a number of financiers, dealerships, car buying and selling groups to make the process as easy as possible for all clients.

Stay tuned for some exciting news coming out in November/ December!

07/10/2020

As we continue through this period of Covid uncertainty it is good to see the government trying hard to support small business and businesses in general. Tax cuts and promoting reduced lending regulations to the banks should see some easing of policy from our lenders so they can do what they need to and get funds to businesses who need it.
Not sure if you can borrow for that next vehicle or piece of equipment, give us a call and with our panel of lenders we will look at all available options.

23/03/2020

In the wake of what is happening, if you are affected make sure you talk to your bank or broker about your options, its important to stay in touch and on top of things;

Coronavirus support measures may include:
• Fee free redraws on mortgages
• Business loan deferred repayments up to 6 months
• Option to extend Business Loan term by up to 6 months
• Restructuring and consolidating loans
• Access to term deposit funds without reduction in interest rate
• Deferred payments for Business Credit Cards
• Business Financial Counselling access

There are still a range of loan and cash flow options available as well so speak with a broker and see what options there are to help you.

Stay safe

16/03/2020

Car sales have fallen and there are some great deals out there at the moment but customers still need to be careful before signing up to finance.

Buying a new car can be expensive, but there are some effective ways drivers can score a competitive finance offer.

#1 Speak to an expert who isn't trying to sell you a car.
It’s really important to get pre-approval before you go to the dealership because it really strengthens your position.

Dealers often provide low or no-interest finance deals, but a borrower could end up paying a higher price for the vehicle by signing up to in-house finance. Look at the whole of life costs as additional fees and charges can also make a low rate more expensive. Borrowers shouldn’t be fooled into thinking they’re getting a great deal by looking at the advertised rate, More often than not advertised rates don’t include fees.

Check if you are paying a fixed or variable rate on the deal.

Some borrowers may have a balloon/ residual payment – a one-off lump sum paid to a lender at the end of the car finance term. These are not all bad as some would have you believe so long as you understand what it means.
Set it at a reasonable expectation of what the car will be worth at the end of the term as high balloon amounts could mean trouble at the end even though they make payments seem cheap at the start.. Balloons are great for businesses wanting to manage cash flow.

Make sure you understand, Luxury Car Tax/ limits, Stamp Duty payable and GST claim limits.

Contact us and let us find the right product and structure for you.

09/03/2020

Happy new year everyone! Oh wait its March! The year is well and truly underway and time for some updates;
- Seems like I keep saying it but rates are lower than they have ever been and lenders want your business. Commercial rates starting from 3.3% and Consumer from 3.75%. Conditions, fees and charges apply.
- New lenders popping up at times daily all with their own little niche
- Bye bye Holden, some great deals on new cars though so dont be scared to still consider the brand
- Car stocks low in Canberra due to recent hail storms but we can ship from anywhere with no price difference
- New car sales down but used market going strong
- 2 new lenders on board for personal loans. Rates from 7.65% unsecured

Give us a call for your next vehicle or equipment purchase, with over 20 lenders available and easy application processes we are sure to have the right product for you.

Its no secret I love what I do but it gets even better when you help your clients make their dreams a reality. We helped...
19/11/2019

Its no secret I love what I do but it gets even better when you help your clients make their dreams a reality. We helped Matt start his own business by providing finance for his new rig after years of driving for other people. And only a few days in he is killing it...

13/09/2019

I feel like it is a common theme lately but truly rates for new cars and equipment have never been better. Just like home loans vehicle and equipment finance is dropping and we have some great value deals for our clients.
Commercial clients can now access a range of different lenders for all types of equipment with a wide variety of secured and unsecured loans.
Give us a call and find out how we can help you save and get the equipment you need today. 🚗🚕🚌🚚🚛🚜🏍🛩🚁🚤⛴

22/07/2019

This week we will start our monthly newsletter. If you would like to be on the list send me a private message or text and I will add you in. If not I will try and make a better effort in keeping the page up to date with the same content.
Dont forget the sales dont stop at end of financial year, rates are better than ever and dealers want your business!

24/02/2019

Lots going on at the moment with the Royal Commission into banking turning into an attack on the livliehoods of mortgage brokers and others whilst the banks seem to get a big profit boost from the recommendations, slow down in property prices continuing and upcoming elections all leading to slow down in spending.
Rates are still at an all time low for our business clients looking to buy any vehicles or equipment. Dont forget our express program up to $150k for 2 year ABN, GST Registered and director/ guarantor owns some form of property.

06/01/2019

Happy 2019 everyone... Hope you all had a good break or at least some quality time with family and friends.
New year, new car perhaps? Give us a call to discuss your options; If it drives, digs, fly's or floats, we have your finance needs covered.
🚗🚕🚙🚌🚐🚛🚜🏍✈️🛥💰

CoverU will have staff available over the Xmas break to assist with all of your finance enquiries. Maybe a new car befor...
17/12/2018

CoverU will have staff available over the Xmas break to assist with all of your finance enquiries.
Maybe a new car before Xmas? Get in quick though as lenders will start to slow down as the week moves forward..
For those travelling, drive safe and make sure your car is ready for the journey.
Merry Xmas and happy NewYear to all..

Address

Suite 23, 5-7 Inglewood Place
Baulkham Hills, NSW
2153

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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