25 May 2023 Podcast: Guest – Navigating Asset Finance in the Lead Up to EOFY with Will Hamer
In this episode, we learn all about asset finance with Will Hamer from Hamer Finance, who shares valuable insights and strategies for leveraging assets to achieve financial success.
We explore the fundamentals of asset finance, its role in preserving capital and optimising cash flow for individuals and companies, and the crucial role of asset finance brokers in connecting clients with suitable lenders.
Will shares his wealth of knowledge in deal structuring, term negotiation, and the art of securing the best financing options for clients.
Whether you’re a business owner seeking growth or an individual looking to finance essential assets, this episode equips you with knowledge to make informed decisions for your potential finance needs.
Join us on this amazing episode with Will to learn more about the world of asset finance and gain valuable strategies for success.
You can get in contact with Will and his team via his website here: https://www.hamerfinance.net/.
Find out your next step in property finance:
You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at
https://www.everlend.com.au/
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You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at https://www.everlend.com.au/
Get in touch:
Find out more about You Have My Interest at everlend.com.au/podcast and connect with us at podcast@everlend.com.au
You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest‘s content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.
It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal and tax requirements.
If you need mortgage or finance advice tailored to your own personal situation, contact Everlend today for a free consultation. Everlend are authorised credit representatives of Loan Market Pty Ltd, Australian Credit Licence number 390222.
Podcast produced with Apiro
Please find a Podcast summary below with the interview highlights:
The podcast episode begins with an acknowledgment of the traditional custodians of the land. Hosts Evelyn and Maddie, both mortgage brokers, introduce the guest, Will Hamer of Hamer Finance. Will specializes in asset finance and shares insights from his experience since launching his business in 2019.
Key Topics Discussed:
- Rebranding and Services:
- Will discusses the launch of a new brand, Loan Market Accelerate, focused on providing asset finance services to mortgage brokers and their clients.
- Hamer Finance handles loans for vehicles, trucks, equipment, and business fit-outs, complementing residential mortgage services.
- Asset Finance vs. Dealership Financing:
- Asset finance brokers, like Will, offer a broader understanding of lending options and competitive rates compared to dealership financing.
- Brokers provide personalized services, especially for complex transactions.
- Specialized Asset Financing:
- Around 50% of Will’s work is car loans, with the remainder including equipment financing, business loans, and personal loans.
- Uncommon financed items include excavators, vending machines, and medical equipment.
- Process and Benefits:
- Low-Doc Approvals: Clients with a two-year-old ABN, GST registration, and other qualifying factors can access streamlined approvals without extensive financial documentation.
- Balloon Payments: Explained as a way to lower monthly repayments, particularly beneficial for businesses managing cash flow.
- Car Buying Services: Hamer Finance partners with sourcing services to assist clients in locating and negotiating vehicle purchases.
- Comparing Personal Loans and Home Equity:
- Personal loans can be more straightforward and quicker than refinancing home loans for smaller amounts like renovations.
- Rates for unsecured personal loans range from 7.49% to 29.99%, with competitive options available.
- Classic Cars and Custom Assets:
- Financing classic or specialized vehicles can require additional valuation processes due to their unique market value.
Advice and Final Notes:
- Advice for Clients: Will emphasizes the importance of asking questions and understanding financial products before committing.
- Contact Information: Will provides his email addresses for Hamer Finance and Loan Market Accelerate for inquiries.
Listeners are encouraged to explore asset finance as a flexible tool for personal and business financial needs, with Hamer Finance positioned as a specialist partner in this domain.