28/04/2026
5 things to do before applying for asset finance
Looking to finance a car, equipment, or machinery? A little prep upfront can make a big difference to your approval and overall outcome.
1. Check your credit file
Understand what lenders will see. Grab a free copy through Equifax, mistakes happen more often than you think and they can usually be fixed.
2. Know your numbers
Have a clear snapshot of your income (or business turnover), existing debts, and expenses. The more clarity you have, the smoother and faster the process.
3. Get your documents together
For business: recent tax returns or BAS, ABN details.
For PAYG: payslips, bank statements, ID.
Being organised can shave days off approval times.
4. Understand the asset
Know what you’re buying and its value. Make, model, year, and whether it’s a private sale or dealer purchase. This all plays a role in how lenders assess the deal.
5. Speak to a broker first
Every application hits your credit file. A broker helps you get it right the first time, matching you with the right lender instead of applying blindly.
At Prime Asset Finance, we guide you through the entire process, from first chat to settlement. Access to 30+ lenders across consumer and commercial means we tailor the right solution for you.
