FINANCIAL TIMES – 2018 BUS FINANCE GUIDE


SPONSORED CONTENT: THERE ARE some key specialists in the bus finance game and their expertise has helped loads of bus transport companies stay afloat, or expand as and when needed.

FINANCIAL TIMES – 2018 BUS FINANCE GUIDE
There are some key specialists in the bus finance game and their expertise has helped loads of bus transport companies.

It’s no easy thing running a bus business let alone any business these days, and decisions and directions are often fraught with financial risk. If you feel you might be drowning and waving for a lifeline, there are a few key companies with a comprehensive insight in the bus world who should be able to help steer you through. Conversely, if the waters are calm and fine and you’re actually looking to expand your business or add to your fleet, equally so. Here are just a few…

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JADE FINANCE

Australian-owned with a focus on its customers, Jade Finance has built its reputation on enabling customers to achieve their goals through exceptional service and delivery of the best finance products available, it’s claimed.

Jade Finance has been a strong, stable and extremely well-regarded company in the sector since 1998 and is a member of the FBAA, a nationally recognised Code of Practice governed by the Credit Ombudsman Service Limited (COSL).

Jade is staffed with fully qualified, well-trained, licensed professionals who are specialists in their field. As a company, it is committed to its clients and says customers can be assured that their Jade consultant will work constantly and consistently in the customer’s best interests at all times.

Jade Finance offers loans for both personal and business purposes, the latter such as: caravan finance; bus finance (check out the finance calculator on www.busnews.com.au/finance); truck finance; boat loans and marine finance; plus cheap motor bike loans and accelerated car loans.

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LEASELINK

As a member of the Commercial Asset Finance Brokers Association of Australia Limited (CAFBA), Leaselink Business Finance is committed to providing tailored finance and leasing solutions, working with a comprehensive range of financiers to meet your individual business needs.

Since its establishment in 1991, Leaselink has emerged as a market leader in equipment, aviation, earthmoving, and transport finance and as finance brokers to businesses throughout Australia.

LeaseLink’s small, dedicated team is focused on personal service and achieving the best results for your business, it’s stated. Its staff continuously strengthen their ability and knowledge of equipment finance products and requirements through regular consultation and education with major financiers, industry specialists and, most importantly, its clients.

The company says it can arrange finance facilities for all types of buses and coaches from small vans to large coach fleets. Bus and coach finance can be arranged for: new and used buses, coaches and accessories; engine upgrade/overhaul to new acquisitions or existing equipment; full refurbishments to new acquisitions or existing equipment; fleet and single operators; school bus runs; longer term to reflect the longer life of school buses; refinance; and dealer and private sale.

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HERITAGE FINANCE

Heritage says it is Australia’s leading bus finance and business-acquisition funding experts. Its clients are "like family", it says.

It is a privately owned finance brokerage with a team of highly experienced professionals, it’s stated. Since 2005, Heritage completed $1.5 billion in equipment finance and $500m in property finance, and says it is recognised as a leading financier by all major banks.

Heritage says it is the expert in structuring government funding and has partnered with financiers who understand the nuances of the bus industry. The company says it was the first to introduce 10-year loans to the coach industry and encourages customers to call to discuss government-funded upgrade vehicles.

A key bus identity in the company is Jay Pyne, who started his career in finance as a business development manager for an equipment finance brokerage firm. In 2009 he joined the team at Heritage Finance to assist rural and regional bus operators as part of the Heritage Group’s support of the Queensland Bus Industry Council.

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BUS & COACH FINANCE AUSTRALIA

Established in 2008, Bus & Coach Finance Australia says it is proud to celebrate 10 years in the industry. The business continues to grow and it appreciates the fantastic support it’s received during this period.

It provides industry-specific finance solutions that allow its customers to upgrade their bus fleets, build new depots and acquire businesses. Bus & Coach Finance Australia aims to provide market-leading interest rates and always looks to structure loans that match up with clients’ cashflow needs, the company states.

It has successfully assisted many clients with succession planning and has structured numerous loans allowing the next generation of bus operators to achieve their goals of becoming business owners, it says.

The relationships Bus & Coach Finance Australia has developed with its lending partners ensure it has an excellent approval strike rate, it’s stated. It is also able to generate documents from its office, which reduces the turnaround time for its clients.

The Bus & Coach Finance Australia team is located in Newcastle, NSW, but it has assisted clients from all states and territories across the nation.

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