Refinancing Truck Finance Balloon or Residual
Are you nearing the end of your existing truck finance agreement and facing a large balloon or residual payment? Don’t worry, there are options available to help you finance that payment and potentially lower your monthly repayments. One option is to refinance the residual amount through commercial heavy vehicle loan products.
Better Interest Rates with Refinancing
With interest rates at historic lows, now is a great time to consider refinancing your truck loan. If you financed your truck several years ago at a higher interest rate, refinancing at the current lower rates could lower your monthly repayments and improve your business’s bottom line.
Options to Suit Your Business
If your business is facing short-term cash flow pressures or the general challenges of the transport industry, refinancing your truck loan could be a solution. Your Easy Truck Loans consultant can work with you and your accountant to structure a refinancing deal that better suits your business objectives and cash flow. This could include a longer loan term or a larger residual to reduce the monthly repayment.
Streamlined Process with Expert Support
During the refinancing process, your Easy Truck Loans consultant will take care of the paperwork and work with the existing financier to finalize the process. We are here to help and ensure the best possible outcome for your business.
Get in Touch
If you’re interested in exploring the possibility of truck loan refinancing for your business, don’t hesitate to contact us and start the conversation. We’re here to help and ensure the best possible outcome for your business.