Financing used vehicles despite an ATO debt
Maintaining a payment arrangement with the ATO can be difficult for businesses. When commercial vehicles are needed quickly to help service their customers, what finance is available? How a non traditional funder works with brokers to provide smart solutions to this problem.
A Brisbane-based company needed to acquire two used Commercial Vehicles to keep their business moving. The challenge was finding finance when they owed the ATO.
Frank Teager of Access Finance Group, a broker based in NSW, took on the task of finding a funder who could help. Many traditional lenders, such as the banks do not like these type of assets or liabilities.
Classic Funding Group Solution
A Chattel Mortgage for $44,500.
The transaction settled within 3 days.
If you need asset finance when you owe the ATO