Macquarie Leasing have just announced the launch of a new Commercial express product that covers motor vehicle deals for eligible commercial clients without the need to provide financials subject to meeting the following guidelines:

• Passenger cars or commercial vehicles up to three (3) tonnes
• Maximum loan amount (including brokerage, insurances etc) of $70,000 (if the client is not a property owner, then the $70,000 is after a minimum 30% deposit)
• New and used vehicles up to four (4) years old
• Supplied via a licensed dealership (no private sales)
• No negative equity to be financed
• ABN held for a minimum of 24 months by applicant (in acceptable industry)
• Verified property owner with minimum of $100,000 equity (if the client is not a property owner or doesn’t have this equity, then the 30% deposit is required)
• Satisfactory Veda Report on applicant and guarantors
• Standard rates, terms and residuals/balloons to apply
• Total exposure for applicant to Macquarie is less than $150,000.

Please note this product is only available for commercial clients where bona fide business use can be verified. Financials may be required if any of the above conditions are not met or if the exposure is greater than $150,000 but if this sounds like something that interests you, then give us a call.

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