Q: Can I get access to Asset Finance Tools?
A: Yes, every Salestrekker user can get access to Asset Finance Tools. Please contact our support/sales.
Q: Can I prepare consumer asset finance applications using Asset Finance Tools?
A: Yes, consumer deals are integral to Asset Finance Tools.
Q: Can I prepare commercial asset finance applications using Asset Finance Tools?
A: Yes, asset backed commercial deals are integral to Asset Finance Tools. Note that property backed Commercial Tools are due to be released later in 2020.
Q: Can I switch commercial deal to consumer once deal is created (and vice versa)?
A: No, user needs to decide whether deal is consumer or commercial at the time of deal creation.
Q: Can I prepare a finance quote using Asset Finance Tools?
A: Yes, users with access to Asset Finance Tools can produce a finance quote. Quote contains important information but does not list the exact lender's name.
Q: Can I compare lender products using Asset Finance Tools?
A: Yes, up to four lenders/products/scenarios can be compared using Asset Finance Tools.
Q: Can I search for lender products based on lender policy criteria?
A: Yes, product search will eliminate products based on search criteria/lender policy set. Note that for commercial asset finance deals, lender policy can also be overridden.
Q: Do Asset Finance Tools include lender servicing calculators?
A: Yes, consumer asset finance deals contain lender servicing calculation within product comparison.
Q: Can I lodge applications directly to lender using Asset Finance Tools?
A: Yes, you can currently lodge to Westpac, StGeorge, Bank of Melbourne, Capital Finance, Pepper, RateSetter, Latitude, Macquarie and Metro.
Q: Can I produce compliance documents for consumer asset finance deals?
A: Yes, all NCCP documents can be produced for consumed asset finance deals. Contact support if you require help with the specific templates.
Q: Can I produce lender's generic Privacy Disclosure and Application forms for commercial asset finance deals?
A: Yes, there are pre-built PDFs that can be accessed within tools.
Q: Can I prepare structured payments table using Asset Finance Tools?
A: Yes, commercial deals have an option to create structured payments table.
Q: Can I print out amortisation schedule using Asset Finance Tools?
A: Yes, users can print a PDF of amortisation schedule within Asset Finance Tools.
Q: Can I upload excel Asset Finance Schedule into Asset Finance Tools?
A: Asset Finance Schedule upload feature is planned for December 2019. Until then, data entry into Asset Finance Schedule is manual.
Q: What is balloon payment?
A: A balloon payment is a lump sum owed to the lender at the end of a loan term after all regular monthly repayments have been made. This allows you to repay only part of the principal of your loan over its term, reducing your monthly repayments in exchange for owing the lender a lump sum at the end of the loan term. A ballon payment is typically a percentage of asset value.
Q: Can I complete Equifax credit checks within Asset Finance Tools?
A: Users with Equifax account can run consumer credit checks from within Asset Finance Tools. Commercial searches will be integrated later in 2019.
Q: Can I run PPSR search within Asset Finance Tools?
A: Yes, PPSR integration is available for Asset Finance Tools.
Q: Can I run Glass's or RedBook search within Asset Finance Tools?
A: Yes, Glass's search is included in Asset Finance Tools, however RedBook is not.
Q: Do lenders accept forms/documents signed using eSignature feature?
A: Please check directly with your lender BDMs.
Q: Can I add a trade-in to the quote/application within Asset Finance Tools?
A: Yes, trade-in details can be added to quote and application.
Q: Can I add vendor details in the application within Asset Finance Tools?
A: Yes, vendor details can be added to each quote and application. Once added, vendor details will be saved in CRM as a contact for easy future reuse.
Q: Can clients complete application online?
A: Clients can be invited to a Client Portal where they can complete client profile, upload required documents and track deal progress to settlement. 'Apply Now' button can be added to the website/landing page for new leads to complete full or partial application using Client Portal feature (later in 2019). Client Portal works on desktop and on mobile.
Q: Can I get training for Asset Finance Tools?
A: Yes, contact our support team to arrange training. In the mean time check our knowledge base specific to Asset Finance Tools.