There is nothing in an Operating Lease (Rental) contract that states the customer will be able to purchase the goods for a pre-determined amount at the end of the contract. So what’s stopping the banks from screwing customers over at the end of the Rental contract? Nothing...
Full disclosure. Organising funding for strata plans & body corporates is hardly my favourite thing in the word. In saying that it seems to be the focus of a lot of you. And why not? Up until now it seems like an uncracked market. When you’re selling...
Now before I start this isn’t tax advice. I’m not helping anyone figure out how to claim something they shouldn’t. My focus today is purely on how lenders view commercial applications for solar being placed on a residence. There are a lot of people who run their...
In short, no. It’s a common bugbear I hear from you guys. And the argument is not unfounded. Financing solar improves your cash flow position. Financier says you aren’t making enough money to pay for the solar. But not getting the solar is making you lose money! Catch 22 much?? I...
A common worry with a lot of the suppliers I deal with is whether or not they will get accredited with a financier. The reason they want to accredit you is because essentially they are the ones “buying” your product. And like any savvy organisation they will...
When deciding whether or not to lend, credit providers assess a variety of information based a variety of factors. Books have been written on the subject but I’ll do my best to cover some key principles in a concise format. The principles I am referring to are...
Interest free finance. Some love it, some hate it. As a solar retailer, many of you have considered selling a standard personal loan product but found that the process is just too hard. Compared to interest free finance anyway. The real reason interest free finance is so...
A common question I always get asked is “What is the difference between a Chattel and a Rental?”. It’s a tough one because a finance broker or a solar installer is legally not qualified to answer that question. In order to get to the bottom of...