What Are Low Doc Car Loans?
Generally, a financier will demand two years of personal and business tax returns in order to allow you an approval; a demand which can often not be met at the time which you are seeking a loan. A Low Doc Loan is one not requiring this hefty level of documentation, but rather a relatively low amount, hence; a Low Documentation Loan.
Thus this loan product allows you to avoid the ‘red tape’ which a ‘Full Doc’ loan would require, and allows you to quickly and easily reach the means by which your business can acquire it’s new vehicle, making the loan perfect for business owners, entrepreneurs, and other individuals with variable income.
All this with no penalty for not applying for a Full Doc. That means no extra fees, no higher rates, and no extra stress.
How Can A Low Doc Car Loan Help Your Business?
As previously mentioned this sort of loan is perfect for an individual with inconsistent income and little time to prepare the usually required documentation for another loan category. This allows for your project or business to operate with flexibility and minimum hassle, with very little paperwork, organisation, and time required for it to be put into action.