Transport Finance - Backing you going forward
Growing Aussie Business for over 20 years.
We're your green light for finance.
Transport Finance - Backing you going forward
Your pride & joy ... or an entire fleet.
Transport Finance have over 30 years experience with factory equipment financing.
It's all about the company you keep. Let us introduce you to 21 lenders.

Talk Around Town

WOW… JUST WOW, The Banking Royal Commission has unearthed a raft of allegations against the major Banking institutions in the land. Alleged bribery, forged documents, repeated failure to verify customer’s living expenses before lending money and misselling insurances to people who can’t afford it.

All the four Banks; CBA, ANZ, NAB and Westpac have been caught up in the Royal Commission, not one has been spared and the evidence to date has been appalling.

In addition, last August Austrac (Australian Transaction Reports and Analysis Centre) announced it was suing the CBA Bank for 53,700 breaches of money laundering and counter-terrorism financing laws after the Bank failed to report $77m worth of suspicious transactions.

In November, the federal court-imposed penalties of $10m each on ANZ and NAB for attempting to manipulate the bank bill swap rates.

So how has this impacted the financial services industry and what does it mean for you, right now?

Every week a new revelation comes out of the Royal Commission, and the next week the Banks change their processes and terms of reference to try to stay ahead of any report or recommendation that will be handed down. The first interim report from the Royal Commission is due in November.

It means that transactions that may have been approved last week will no longer get the ‘green light’. It may mean that the level of information that we require from you to gain approval has increased 5-fold from last week to this week.

It means that pricing for each transaction changes as Banks realise that there is a greater cost on them to meet the new level of compliance required.

In some cases, each and every deal is subject to an audit after the transaction has settled…this has made the credit staff extremely nervous in a) making a decision and b) being able to justify why they made the decision…hence, every detail has to be correct and the applications we submit need to be complete and comprehensive.

I ask you to be patient with us as we work through the changing landscape of what is required and if we seem to be asking for more and more information to satisfy a loan approval, be rest assured it is required.

Our team is getting weekly updates from all banks & finance companies that we deal with (some 25 at last count) and we are perfectly placed to guide you through the ever-changing labyrinth of requirements to get you, our clients the best deal available – first time.

With over 22 years’ experience in funding trucks, equipment and machines, be rest assured we understand what is required and still maintain a + 90% success rate on all applications.

Congratulations – 15 Service to Transport Finance

Firstly, Brett Bentley has clocked up 15 years with the company. Congratulations Brett and the time and effort you have put in over the journey. Starting as a Finance Manager in Geelong, before taking ownership/director status in 2008, it has been a pleasure working with you over the years and we value what you bring to the company as a part-owner.

Judy Jones has also been with Transport Finance for 15 years, having reached that tremendous milestone about 8 ??? weeks after Brett. Judy has been an extremely loyal servant to the company, very selfless and can always be counted on to pitch in and assist everybody out when required. Judy and her partner, Robin are off to the UK and Europe for a well-deserved break and we wish them all the best and safe travels.

Transport Finance Commercial/Residential Banking Offering

We are about to launch an in-house avenue for our clients to access commercial and residential lending products. We have identified an outstanding candidate to join the team and his task will be to work through a list of our existing client files and analyse ways in which we can provide savings to you on[Read more …]

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What size is the Finance Broker Market in Australia?

Equipment Finance Market $34.7B in New Volumes Annually The Finance Broker market is defined as Plant & Equipment Assets – not Mortgage/Residential lending. There is a year on year increases as this sector continues to grow. There are several specialists such as Transport Finance, who concentrate on particular industry sectors and bring a level of[Read more …]

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Infrastructure Around Australia

Infrastructure Australia has identified over $55 Billion of nation-shaping projects on the Priority List, plus an additional $25 Billion of projects now off the list and under delivery across the country. Highlights Government infrastructure spending across NSW, Victoria & Queensland expected to rise 36% from FY17 to FY19. NSW expected to increase by 50%, Queensland[Read more …]

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Warren Buffett is betting against self-driving trucks

Warren Buffett is one of the most successful investors of all time with a net worth of USD$81.9b. He recently purchased a company in North America, Pilot Flying J, which owns and operates over 750 truck stops across the USA. Warren said, “Trucks are going to be around for a long time.” The US trucking[Read more …]

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