Lo Doc Leasing & Hire Purchase
Motor Vehicle Finance with NO Financials Up To 100k (L0-DOC)
Like the sound of a Motor Vehicle Loan without the need to provide Financials?
Is your client;
- A Property Owner with a minimum of $100,000 equity?
- The current holder of an ABN registered for GST for a minimum of 24 months?
- Purchasing a Motor Vehicle up to 4 years old?
Then you have yourself quick and easy Finance with no Financials required *, still at the standard rates, terms and residuals available.
Not a Property Owner?
- In addition to the above conditions, if the applicant is not a property owner but can contribute a minimum of 30% deposit, they can qualify for this product. *
* Please Note, some conditions do apply:
- All standard rates, terms and residuals are available
- Applicant and Guarantors must satisfy Veda Report and credit checks
- Motor Vehicles can only be purchased from a dealership (no private sale)
- One transaction per ABN, per 6 month period
Scenario Example
Gary is a plumber and has been in business for 7 years. His financials have not been done and he owns his home, with about $140,000 equity. He wants to buy a new ute for work, valued at $50,000.
Because Gary meets the Low Doc criteria, he would qualify for the loan, without having to provide financials or any other security.