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  • How does invoice finance work?

    When you arrange an invoice finance facility with AA Finance, we set up your debtor's ledger on our computer system using our Virtual Ledger Manager® software. This is called a shadow ledger. Then by following the six easy steps below, you'll be able to keep your invoice finance facility running smoothly

  • What is the cost of a lesson?

    The cost of a lesson depends on your location. Please see the Driving Lessons page for our pricing table.

  • Is this a salaried position?

    This is a self-employed role where you will be operating under a licensee arrangement, you will see more detailed information in the pack we provide.

  • How does AA Finance's invoice finance work? What are the six steps?

    Step 1 - You deliver the goods or services and invoice your customers as normal.

    Step 2 - You send us details of your invoices and credit notes electronically using Virtual Ledger Manager®.

    Step 3 - You check your available funds on a secure internet site and transfer what you need (up to 80% now and the rest when your customers pay).

    Step 4 - We deposit the funds you've requested overnight into your bank account and you make your payments as usual, for example, suppliers, wages and rent.

    Step 5 - You send out statements and collect all the debts as usual.

    Step 6 - When your customers pay, the deposits go straight into your AA Finance invoice finance trust account. We email you a statement each day so you can update your records.

  • Can I pay for my driving lesson by Eftpos or Credit Card?

    Our instructors do not carry Eftpos machines so you will need to pay your instructor in cash at the beginning of each lesson. Alternatively you can discuss alternative payment methods with your instructor (they may offer online banking). You can also buy driving lesson vouchers online with a credit card.

  • Can I make a decent income from this opportunity?

    Yes, the income will depend on how much you put into it and it can be very rewarding from a monetary point of view. For more information around earnings vs cost please contact the Recruitment Team, Email aadtcareers@aa.co.nz or call 0800 223 748

  • What does invoice finance cost?

    There are two costs involved in invoice finance - an administration charge and interest on the money drawn.

    Administration charge
    The administration charge is our fee for keeping your ledger balanced with our ledger. This can be a percentage of the invoices we process, a flat monthly amount or a combination of both. We calculate the fee based on our experience of the work involved in keeping a ledger balanced, and by using information you give us. We are happy to give you a quote for the administration fee for your business.

    Interest
    The interest is calculated daily based on the funds in use, the same as a bank overdraft.

  • How quickly will the instructor contact me after I make a booking?

    An instructor will be in contact with you within 24 hours of your booking. This generally means that they will contact you the evening following your booking, as they are conducting lessons throughout the day.

  • What do i need to do to become a driving instructor?

    You need to have had your Full License for a minimum of 2 years. You will need to complete a Fit and Proper Check (DL20) and become I endorsed. You can complete an I Endorsement Course through the AA Driving School.

  • What's the benefit of invoice finance over bank overdraft?

    The main benefit is that your invoice finance facility is dynamic – it increases at the same rate as your sales, allowing for more rapid business growth. This means you can pay suppliers when they're due and accept orders when you receive them. Because you can pay your own suppliers more promptly, you may even be able to negotiate better prices.

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