The answer is Yes! 

Our customers at Verified Lending have access to a large selection of loan options, ensuring that if you’ve had a mark, default or are struggling with your credit score currently – there is a possible lender on our panel for you! 

Our team will complete a 360 degree profile analysis, which gives you valuable feedback on your overall profile strength.
We don’t just want to help get you into your next loan, we want to also ensure our solutions set you up for future loans and lending options to come. 

At the conclusion of your car loan term, a balloon payment is a sizeable, one-time payment made to the lender. 

This means, borrowers simply need to pay interest on a fraction of the loan’s principal in exchange for this lump sum payment. As a result, monthly payments may be reduced. The payment is referred to as a “balloon” since it is much larger than typical monthly payments. 

So, depending on the loan period and other variables, the balloon payment may represent a sizeable portion of the car’s original purchase price. Typically this is suited to people with set budgets for repayments, or people who cycle through cars more frequently. 

Now, you may ask – how do we pay the balloon at the end if you don’t have the available cash? 

There is a refinance option that we offer, which simply rolls your remaining balloon amount into your next vehicle and loan. Or alternatively, our vehicle specialists can help you sell your current vehicle for the best price, in turn allowing you to pay off your remaining balloon. 

Asset finance is a sort of financing that businesses utilize to acquire the equipment and assets they require to expand. It typically involves making regular payments for the use of the asset over an agreed-upon time period, thereby avoiding the need to pay the entire cost of the asset up front.

Common asset financing includes, chattel mortgage, operating lease, hire purchase, and novated lease arrangements.