Finance Information

Here at Craig McLeod's Wholesale Cars we can arrange "on the spot" finance to approved purchasers. We have several options available, from low or no deposit and up to 48 months repayment terms. Structured payments to suit your budget are available. Call us today on (07) 850 8168 or fill out the finance application form.

Payment Protection Insurance Protect yourself from the unexpected - death, injury, illness, redundancy or termination of employment. We can arrange insurance to cover your finance payments if the unexpected happens.

Mechanical Insurances We have 1, 2 or 3 year mechanical insurances available with 24 hour, 7 day roadside assistance with towing, accommodation and car hire cover.

Motor Vehicle Insurance We have Motor Vehicle Insurance available that we can set up for you on-site. The full cover insurance includes benefits such as AA Roadside Rescue, Accident Management Service, Windscreen Cover, Keys and Locks cover, No Blame Bonus and Excess Protection.

Guaranteed Asset Protection Guaranteed Asset Protection is the financial gap between the total loss of your vehicle through accident or theft which your insurance company will pay, and the shortfall still owing to the finance company. It will also cover on road costs, excess, insurance cover and rental costs.

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Delamare Financial Services Ltd Rates and Fees

Interest Rates:

Delamare's interest rates are fixed for the term of the loan and range from 9.45% to 24.90% p.a. The interest rate which will apply to your loan will depend on a number of factors including:

1. Financial and other information you provide
2. Information provided from credit bureaus and other third parties
3. Your credit history with Delamare Financial Services if you have previously been a customer

Default Interest:

In the event of a default in payment, and while the default continues, you must pay the default interest charges. In the event of a breach of the Contract, or on the enforcement of the Contract, the default fees specified below are payable.

Default interest is 25.00% per annum calculated daily and charged to you on the dates (a) we send you a repossession warning notice (b) a repossession notice and (c) when a default is lodged with a credit bureau, if you have not paid the amount due in the meantime.

Default interest is only payable on the amount actually in default.

Interest charges are calculated and debited monthly, on the same day each month, from the start date of the loan (if there is no corresponding day in the relevant month, then it will be calculated and debited on the last day of that month).

The interest charge is calculated by multiplying the average unpaid daily balance on that day by the applicable monthly fixed interest rate.

Fee Type	Description	Fee Amount
Establishment Fee	Added to the loan balance on establishment.	$385.00
PPSR Fee	Fee for registering security over the property securing the loan.	$20.00
Credit Check Fee	Undergoing all the checks we must perform before accepting or declining an application.	$27.00
Maintenance Fee	Payable monthly for administrative costs inlvolved with maintaining your loan.	$10.00 per month
Early Settlement Fee	Payable if you repay your loan in full before the final payment is due.	$100.00
Loss on full pre-payment	Payable if you repay your loan in full before the final payment is due and the Creditor has suffered a loss due to a change in market rates since your loan was made.	Varies

Default Fees:

Fee Type	Description	Fee Amount
Payment dishonour fee	If your payment is dishonoured by your bank.	$30.00
Arrears fee	If your account is in arrears a fee will be charged at the end of every month.	$25.00
PrePepossession notice fee	Payable 14 days after issue of a repossession notice.	$120.00
Overdue reminder fee	Texts, calls, emails and letters will be sent out to remind you of you arrears.	Varies
Repossession authority fee	On issue of a repossession notice.	$100.00
Recovery costs	The actual cost of repossessing the item that was offered as security. This might include repossession agent fees, repair bills, legal fees and storage costs.	Varies

Click Here for Terms & Conditions (PDF)

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Dispute or Complaint?

You may refer your complaint to Financial Services Complaints Ltd (FSCL) – A Financial Ombudsman Service. FSCL is our independent external ombudsman and dispute resolution service that has been approved by the Minister of Consumer Affairs under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. FSCL’s service is free of charge to you.

Any questions? Please email and we will be happy to help.