As a courier driver you would be classified as an owner-driver where you have your own ABN, you own your own van and you contract your services out to another company. This is the most common business model used in the industry but places a variety of risks and liability with the owner-driver
If you are a courier driver and you are financing your van or truck purchase, one of the settlement conditions will most probably be that you will need to have adequate insurance on the vehicle. This can be tricky for many people as most mainstream insurance companies will flat out not insure a vehicle used as a courier or delivery vehicle.
With this business model there comes many other hazards that other business owners don’t even have to deal with. You will be spending almost every working hour on the road so your risk of accidents dramatically increases higher than your average driver. There is also income insurance for any downtime you might experience due to sickness or breakdown and the list goes on.
This is something TradeMate experiences on a day-to-day bases and we have solutions to get you on the road faster. Get in touch with us and we will arrange for an insurance quote for your courier business.
At TradeMate Finance we have the perfect solution to all your equipment finance needs. We take all the guesswork out of finding the best finance deal. We take the time to understand your business and needs and save you hassle, time and money.
Rate Disclosure *Best rate as of the 1st of January 2020 is 3.75%PA. The interest rate is determined with reference to the age of the vehicle/equipment and the credit assessment. Interest rate loading may be applied. Establishment fees of $375. Different terms, origination, account keeping fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice.
Rate provided by TradeMate Finance Pty Ltd, Australian Credit Representative Number (520749) Authorised representative of ACL# 389328
TradeMate Finance Pty Ltd 467 Torrens Rd Woodville SA 5011