Anybody Leasing A V35 .. Any Problems

[The Factor]

I want to import and lease one of these cars and was wondering if anybody else

had gone through the same process.

[MFC05]

I want to import and lease one of these cars and was wondering if anybody else

had gone through the same process.

If you want to import one you will need to have your fiance prepared before you starting the importing process, your best bet is to buy one locally saves time and saves you from running around.

[The Factor]

The finance is not the issue... I just tell our leasing company the amount for the car and they send me a cheque.. My issues are the following the

-> Leasing company will require photos, engineers certificate and Blue Slip. In addition they will possibly want to send for a Valuation expert to inspect the vehicle.

So I was wondering if anybody had been down this road.

[NISMO]

I Looked into it and the leasing company in question where happy to do it.

No inspection was necessary, but the process I was discussing, was I buy the car get it here, registered etc, then they treat it as just another Aussie vehicle. Once it's registered there's no risk/issues for them

I don't think a lease company will be prepared to take on a car which isn't actually on the road here in Aus, unless it was a brand new car purchased from a dealership and you were waiting on delivery.

If you wanted them to basically approved upfront you may need to order the car from an import dealership?

[MFC05]

I Looked into it and the leasing company in question where happy to do it.

No inspection was necessary, but the process I was discussing, was I buy the car get it here, registered etc, then they treat it as just another Aussie vehicle. Once it's registered there's no risk/issues for them

I don't think a lease company will be prepared to take on a car which isn't actually on the road here in Aus, unless it was a brand new car purchased from a dealership and you were waiting on delivery.

If you wanted them to basically approved upfront you may need to order the car from an import dealership?

Hence is easier to purchase one here

Edited July 21, 2008 by MFC05

[NISMO]

Yes yes, buy mine!!

[MOV35GT]

At the moment I'm finding I've had to move away from the more mainstream financiers and deal with brokers when it comes to financing grey imports and this is for cars that are already here and complied. I go for commercial hire purchase agreements but I'm being asked for a 20% deposit by the mainstream guys, this ruins any tax breaks I may be eligible for. Some may put up the finance for a 5 year deal with no residual(balloon payment) as a lot of these companies find valuing the V35 and imports in general, difficult, so this makes it a bit safer for them. Also I found the interest rate being charged can be up to 5% higher than if you were financing a local car.

With other less conventional financiers they offer to waive the deposit and over value the car by 20%, I'm not sure how this works, to me it sounds like someone will get a phone call from the ATO or ASIC.

I've found they also like to alter the conditions while I negotiate with the seller, in my case I had to pull out of the deal.I suppose it's a question of how much do you want that car?

There's a few good places still willing to take a grey import on but for me they are getting hard to find.

[mellowman]

Hi All,

I purchased my V35 locally and it is all registered and road worthy etc.

I intially investigated this through my work as they had a company brought on board to do car leasing and all reports after some investigation stated that i could get this leased and all would be good.

by the time i had the car purchasing via a personal loan and regsitered it in my name and then went to move the finance across they tell me they cant lease Grey imports!!!!! as you can imagine i was rather annoyed as i had spent a lot of time trying to get this sorted and would have saved me a fair amount of cash a year etc etc.

anyway i didn't have any luck.

anyone that actually gets a company to lease the V35 please let me know who it is and i will investigate.