Financing used vehicles despite an ATO debt

Published Credits: Alison Newman Categories: Tags:

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.

UTE

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

Contact Classic Funding Group