FLEXFLEET INTEREST RATES FEBRUARY 2024 EFFECTIVE: 23/01/2024

FLEXFLEET INTEREST RATES FEBRUARY 2024 EFFECTIVE: 23/01/2024

February Rate Chart for Chattel Mortgage and Lease facilities is attached.  These rates will be used for deals documented from today.



Credit Criteria 

Chattel Mortgage, Finance Lease or Equipment Rental
Matrix (No Financials) 
  1. Amounts up to $150,000 ($150,000 plus GST on leases & rental).
  2. New & used equipment up to 3 years old.
  3. Eligible assets; heavy trucks, trailers, earthmoving & excavation, tractors & ag equipment, buses forklifts, material handling and motor vehicles.
  4. Established in business for > 24 months.
  5. No single truck operators.
  6. Borrower / Directors to be property owners or provide 20% deposit/trade-in.
  7. Recognised supplier and acceptable equipment brand.
  8. Clear Equifax report and good finance references.
  9. Guarantees of directors and related parties.
  10. Business purpose to be clearly evident.
  11. Clear tax portal (on request).

Replacement Facilities (No Financials)

  1.  Facility amounts up to $500,000 on Goods Mortgage ($500,000 plus GST on leases & rental).
  2. Maximum Values - $150,000 Motor vehicles: cars, utes, or vans, Light Commercials: trucks or trailers;
$250,000 Earthmoving: skid-steers, backhoes, excavators, wheel loaders, Materials Handling: forklifts,
scissor-lifts, EWP's, Agricultural: Tractors, Pickers, Harvesters; $300,000 Heavy Commercial Vehicles:
prime movers, heavy rigids, buses, trailers. Amounts after deposit on Goods Mortgage, ex GST cost on Leases.
  1. New & used equipment up to 3 years old.
  2. Equipment must be like for like.
  3. Up to 25% increase on facility being replaced. Replacement facility must have been est. 18 months and paid out at settlement (or < 3 months) with good conduct (no arrears)
  4. Established in business for >36 months.
  5. Borrower / Directors to be property owners or provide 20% deposit/trade-in.
  6. Recognised supplier and acceptable equipment brand.
  7. Clear Equifax report and good finance references.
  8. Guarantees of directors and related parties.
  9. Clear tax portal (on request)

Contact:

Customer Service Team
PH:         1300 783 539
Email:    customer.service@flexfleet.com.au  

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