FAQ
Yes, Leasewise Australia will consider finance applications for customers wanting to finance a truck or trailer from a private supplier.
On these occasions Leasewise Australia requires a trusted person, often a motor vehicle dealer, to fully identify the vehicle to be financed and to complete a report detailing its condition. The report must be accompanied by at least four photos of the vehicle, photos of the registration and VIN plates and in the case of a truck a photo of the odometer reading.
Yes, Leasewise Australia will consider finance applications for customers wanting to finance a trailer only.
If the applicant company has a clear credit record and the owners are stable property owners then Leasewise Australia will consider financing a trailer on its own.
Yes, Leasewise Australia is very happy to consider finance applications for customers wanting payout their balloon or residual value payments with their bank or finance company.
Sometimes these applications come from customers whose bank or financier is no longer operating in the motor vehicle finance sector.
In these cases Leasewise Australia is able to develop a new relationship with a customer who has established good credit.
On the other hand some banks and financiers will not refinance their customers because they have had some payments dishonoured along the way. These payment glitches may simply be due to timing differences between an applicant’s receipt of funds from their customers and when the finance payment is due.
In these cases provided there has been no repossession activity then Leasewise Australia is happy to consider such applications too.
Yes, if you want to terminate your loan early Leasewise Australia will calculate an amount due which will include a rebate of interest applicable to the number of months remaining on the loan.
Yes, just because a finance applicant has a credit impairment it does not mean that finance will not be available from Leasewise Australia.
Oftentimes credit impairments on credit bureau files relate to relatively small matters such as Telco defaults that have already been finalised but the adverse report remains outstanding.
If full details are provided as to the nature of the credit impairment and the matter has been dealt with then Leasewise Australia does not immediately and unnecessarily refuse to consider what may otherwise be very good credit application.
Yes, Leasewise Australia has even been known to finance a truck that is twenty (20) years old.
The age of a vehicle is only one of a number of the characteristics of a finance application that Leasewise Australia considers.
If a customer is stable, experienced in the industry, has a clear credit record and the capacity to pay then the age of a truck may less important in arriving at a decision to approve a loan.
Yes, but this is not our specialty and we do so on a case by case basis.
Leasewise Australia will consider applications for motorised equipment such as forklifts, skid-steer loaders and small capacity excavators.
Note Leasewise Australia will not finance shop fittings, computers and the like.
Yes, this is referred to as a “Sale & Hire-Back” and Leasewise Australia has assisted many customers to raise working capital for their businesses in this way.
On these occasions Leasewise Australia requires a trusted person, often a motor vehicle dealer, to fully identify the vehicle to be financed and to complete a report detailing its condition. The report must be accompanied by at least four photos of the vehicle, photos of the registration and VIN plates and in the case of a truck a photo of the odometer reading.
Yes, Leasewise Australia will finance vehicles for a new venture.
On these occasions we will require a business plan setting out the operational and financial strategies of the business.
If the business plan makes sense and the applicant has a stable background without credit impairment then Leasewise Australia will look favourably on this type of application.
Yes, in some cases applications for finance require something more than the asset to be financed to be approved.
In these cases the vehicle to be financed may be priced higher than what Leasewise Australia believes the asset to be worth yet the applicant would like the loan, all else being equal and acceptable, to go ahead.
On these occasions Leasewise Australia requires a trusted person, often a motor vehicle dealer, to fully identify the vehicle to be used as security and to complete a report detailing its condition. The report must be accompanied by at least four photos of the vehicle, photos of the registration and VIN plates and in the case of a truck a photo of the odometer reading.