Easy Upgrade Finance

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:

1. Be a suitably qualified professional included in the program.
2. Must hold a current Australian professional license and have been in practice for a minimum of 3 years.
3. Must have a clear VEDA/CRAA report.*
4. Self declaration of ability to meet loan payments signed by all parties to the loan.
5. Appropriate Guarantees to be taken (Director, Company etc) where applicable.
6. Satisfactory Credit history confirmed with any mainstream financier.
7. Transaction size limited to $100K for passenger and light commercial vehicles (no deposit required).
8. Total net outstandings to the lender, including the proposed loan, must not exceed $300,000.
9. Finance structure (Chattel mortgage, Hire Purchase, Lease or UCCC) is acceptable.
10. 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 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 lists a Bankruptcy (either current or discharged) the application is to be declined with no reconsideration.