Low Doc Leasing

  

Westpro Finance is delighted to announce as part of our ongoing commitment to making a difference to our clients, we can now offer a Low Doc Leasing product.

Our Low Doc lease allow you to transact motor vehicle deals for eligible commercial clients without the need to provide financial statements, subject to meeting the following guidelines:

  

Property Owners

  

  • Passenger cars or commercial vehicles up to 3 years old
  • Maximum loan amount to be $ 70,000
  • New and used vehicles up to 4 years old
  • Supplied via a licenced dealer (no private sale)
  • No negative equity to be financed
  • ABN held for a minimum of 24 months by applicant (in acceptable industry)
  • Verified property owner with a minimum of $ 100,000 equity
  • Satisfactory Veda Report on applicants and guarantors
  • Standard rates, terms and residuals/balloons to apply
  • Total exposure of Low Doc products to be no more than $ 150,000.

  

Non Property Owners

  • Passenger cars or commercial vehicles to to 3 years old
  • Maximum loan amount to be $ 70,000
  • Minimum 30% deposit is required on all loans
  • Supplied via a licenced dealership (no private sales)
  • No negative equity to be financed
  • ABN held for a minimum of 24 months by applicant (in acceptable industry)
  • Satisfactory Veda Report on applicants and guarantors
  • Standard rates, terms and residuals/balloons to apply
  • Total exposure to Low Doc products to be no more than $ 150,000
  •   

Please note these products are only available to Commercial Clients where bona fide business use can be verified.

  

  

 

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