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Full Doc
Car & Equipment Leasing Finance
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Leasing is a well known method of
improving cashflow management and
preserving your cash for your core
business or for projects offering better
returns on capital.
In order to decide
on the most
appropriate type of
finance you first
need to consider the
following:-
- Do you wish
to own the asset
at the end of
the lease
period?
- Do you use
the asset for
business
purposes more
than 50% of the
time?
- Are you
looking to
finance the
vehicle only, or
do you also want
a range of fleet
management
services?
- How long do
you intend to
keep the vehicle
and how many
kilometres will
you travel?
- Do you want
or need to show
the asset on the
company balance
sheet?
See leasing matrix for features and
benefits |
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Purpose
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Vehicle & Equipment finance
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Applicant Types |
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Business purpose only
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Approval Criteria |
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Finance Amount |
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Minimum: $2,000
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Finance Types
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Equipment Types |
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NEW and USED equipment
office, IT, copiers,
PABX, telephones, PDAs,
fitout, furniture &
fixtures
security systems
100% software (from
pre-approved vendors)
medical, dental
gaming
water filtration
compressors,
generators
commercial laundry
equipment
forklifts, material
handling, earthmoving
retail systems
golf carts, ride on
mowers
GPS systems
Industrial sweepers,
cleaning machines
office furniture
catering equipment
gym equipment
general plant &
equipment
printing equipment
and machinery
specialised
equipment
audio visual (inc
plasma screens)
others on
application, please enquire
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Terms |
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24-60 months (up to 84 months for
amounts greater than $250K and subject
to approval)
Up to 36 months: IT Hardware
Up to 36 months: Software
Up to 24 months: PDAs
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Residual Values |
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As per ATO guidelines (Up to
50% CHP, subject to approval)
Guidelines:
12 to 36 month loan term - maximum 50%
residual/balloon
37 to 48 month loan term - maximum 45%
residual/balloon
49 to 60 month loan term - maximum 35%
residual/balloon
CAUTION: The "balloon" needs to
be paid to the Lender by the Client at
the expiration of the Loan Term (the
"final payment"). A higher balloon will
result in reduced monthly payments, but
MAY result in a large final
payment at the end of the Loan Term.
Please discuss with your Accountant if
you are unsure of the implications of
setting a large Balloon.
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Approval Time |
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Within 24 - 48 hours if all information
is submitted with application
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Rate Range
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From 8.5% p.a (depending on security and
amount borrowed) |
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