Easy Upgrade Finance & Professional Package
Approval is provided to Australian business
customers for replacement commitments without financials.
What is a replacement
commitment?
A replacement commitment is a transaction
where a customer is upgrading or replacing an existing
vehicle to a new vehicle and the financial commitment
associated with the current vehicle is to be replaced
by the new loan.
Professional Package
Aussie New Car Buying Service's Professional
Package offers a short term form approval process, recognising
that to meet the expectations of our high quality professional
customers we need to provide a fast, efficient service
to approve your vehicle finance requirements. This will
in turn help give Aussie New Car Buying Service customers
an edge in this highly competitive market segment.
The short form approval process means
Aussie New Car Buying Service professional clients wont
be required to submit profit and loss statements to
qualify for a loan. Instead Aussie New Car Buying Services
will rely on our professional clients meeting other
pre-agreed criteria and executing a statement of affordability.
Criteria: The proposed professional Aussie
New Car Buying Service clients must:
- Be a suitably qualified professional included in
the program.
- Must hold a current Australian professional license
and have been in practice for a minimum of 3 years.
- Must have a clear VEDA/CRAA report.*
- Self declaration of ability to meet loan payments
signed by all parties to the loan.
- Appropriate Guarantees to be taken (Director, Company
etc) where applicable.
- Satisfactory Credit history confirmed with any mainstream
financier.
- Transaction size limited to $100K for passenger
and light commercial vehicles (no deposit required).
- Total net outstandings to the lender, including
the proposed loan, must not exceed $300,000.
- Finance structure (Chattel mortgage, Hire Purchase,
Lease or UCCC) is acceptable.
- Aussie New Car Buying Service customers will need
to provide a copy of their drivers' licence for settlement.
Aussie New Car Buying Service Professional Package
and easy upgrade finance is available from Esanda Finance.
* Where a CRAA/Veda Advantage lists any unpaid Loan Default, Payment default, Writ or Judgement written confirmation from the lodging party is required that it is either in dispute, incorrect or paid. Where the CRAA/Veda Advantage lists a Bankruptcy (either current or discharged) the application is to be declined with no reconsideration.
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