In recent weeks Economos Mortgage Solutions have increased our leasing finance activities across both motor vehicles (personal & business) and business equipment. This has occurred due to Partners and staff taking a proactive approach in discussing with clients, both their current & future finance requirements.
EMS have been able to secure very competitive quotes and so far we have managed to secure all the business that has come our way. In addition to excellent pricing, the turnaround times from lenders has been prompt. In short, our clients have found the process very convenient & cost effective.
There is an opportunity for any clients that have business equipment or manage motor vehicles through any of their entities to work with us in securing their next purchase. The security provided is the asset to be purchased only.
While leasing providers have a tendency to quote in the form of a monthly payment amount over say 3 or 4 years, with sometimes a residual amount, calculations show interest rates starting from around the high 4’s -5%. In one case we were also able to secure very competitive pricing & frequent flyer points for a lease to the value of $70k.
Not restricted to, but examples of the types of assets we can look to provide finance for include:-
- Motor Vehicles (for personal or business use)
- Industrial Plant
- Medical equipment
There is also flexibility with the structure of the finance depending on the circumstances:-
- Chattel Mortgage
- Finance Lease
- Operating lease or rental
- Novated Lease
- Commercial Hire Purchase (CHP)
Feel free to have a chat with me if you have any queries.
Economos Mortgage Solutions Pty Ltd
Stephen Kirk – Senior Credit Officer