Macquarie Leasing Car Loan & Vehicle Finance Questions & Answers
Verified
ELN9149099 Can you tell me payout figure? Lease finishes April 2027
Hi, I received notification from you by mail that my car loan is about to expire. No figures on the form, so I tried to login to YourLease but it just says "system error" login failed. No other options. Been like that for a few days. Regards, Shaun Fewings 0411 430 267.
How do I get a final statement for the car loan?
Best way is to go to yourlease.com.au and register using the register now button. This will give you access to your loan details. Once registered and logged in you will be able to see your loan balance, request an instant pay-out etc. Other information such as the loan contract can be requested from the site but will take a couple of working days to come through. If you get stuck you can call 1800 100 152 (Macquarie Leasing) who should be able to resolve login issues.
Just wondering we are coming to the end of our lease and have to pay the balloon payment of $16,000 at the end. What happens if we can not come up with that amount can we continue to pay it off, do they take the car, ??? Do we need to get another loan for the same car
You have a couple of options. 1 take out a loan for the $16000. 2. Sell the car and pay out the residual. If the car sells for less you will need to make up the difference. 3. You can continue to pay the lease instalments but the balance owed won’t go down probably not a great option. 4. Failing any of this Macquarie can take the vehicle and auction it off. If they get less than $16000 you will still owe the balance. 5. Renegotiate with Macquarie to extend for another year and residual.
If we extend for another year what would we need to do? Do we go through another application etc?
If we extend for another year what would we need to do? Do we go through another application etc to extend it
Could you please send me a current statement of my car lease account. ELN 1979489 in the name of Louis John Oosthoek DOB 17/02/1959.
Car purchased Hyundai I30.
Current email, fifioo2010@hotmail.com
Can I get a letter saying that thier is no finance on my car
Yes
How does the calculations work When you do an early payment? Eg loan term 84 mths monthly repayment is $600. The full Loan schedule based on settlement date is $52k. Early payment by 65 months. What is the amount to pay?
Late I know but for all others who wondered how it works. 1. Every loan is different you have to get a pay-out from your lender to be accurate. 2 Depends if your rate is fixed, flat or variable. 3. Depends what the interest rate is when you pay-out, if it's higher than when you borrowed you might get a discount because the bank can re-lend your money at a higher rate if it's lower then a penalty because the bank won't get as much interest by re-lending. 4. Depends on the type of loan for a novated lease you pay all the interest first - you can be well into the loan before the pay-out is less than you borrowed. For a simple fixed rate consumer loan AT THE MOMENT because interest rates are really low there is not much appetite for calling in loans early, especially those with higher interest rate, a rough rule of thumb it should be the sum of the remaining instalments less 0.5 instalment per year left e.g. if you have 12m x 1000 instalments left then your pay-out should be around $11500, 18months x 1000 to go then 17,250 (18000 x1000-0.75x1000), 24 months = $23,000 etc - very rough guide your lender may be more or less generous.
Where can I get updated car loan statement?
That depends on who you got the original car loan through. If it was directly with M.L. then they need to provide you with the requested document. If it was with another provider (e.g. your loan originally started out as a novated lease for example) then you need to go back to that source. I hope this information helps you out.
thank you for the information
What is included in the payout figure? Do you have the pay the whole loan term of interest if you pay it out early?
Yes, our payout figure included all loan term interest. So yes you do I believe
What’s the best way to get my bank details changed ASAP?
Hi Brittany, I am no expert in finance payouts but from experience, your payout figure can include (but is not limited to) the following; term of personal loan/lease and or HP arrangement. Amount of original purchased item, (e.g. Car purchased for a total value of $35k using this as an example) the interest rate of the finance, any fines or extra fees incurred for paying out a sum of money early, any balloon payments and how long you have been paying out (e.g. there will be a lower payout figure for a term that is near the end of its arrangement, than a payout that is made earlier. I hope this information helps you out. If you still need assistance you can try ringing a financial counsellor from the National Debt Helpline on 1800-007-007. The service is anonymous and free.
What is the penalty fir payingbout a loan two years earlier than the original 5 year term?
I payed out 18 months early on a 5 year loan when you do your maths monthly payment $466 now times that by 18 you will get $8400 roughly and that's was about my pay out figure didn't save nothing not even a "brownie" 1 cents
I have a loan with Macquaire bank i would like to know the remaining balance
contact macquarie bank & ask them i dont know why you would be asking here for
Can you please call me on 0433211704 I would like a current payout figure for my Holden Cruze rego CJ53SQ Regards Murray Holloway
have you contacted Macquarie & asked them Why on earth would you leave your name & phone number on a public review forum
Hi there I have a truck on payment s with you
not with me you dont
i have a lease with maquarie and would like to know the balance owing on the lease
have you contacted macquarie & asked them I dont know why you would be asking here for on a public review forum
How much in total do I still owe for the Kia Cerato sedan 1 GAZ 969?
How do you expect the public to know the logical thing to do would be to pick up the phone. dial the number & ask Macquarie Leasing
How much do I still owe, all in all, for the Kia Cerato 2016 sedan Reg # 1 GAZ 969?
Who knows Contact Macquarie
Hi Team I have just got my finance going with Macquarie leasing and now I would like to terminate my finance with your company .. So what do you need from me and what are the extra cost penalty for cancelling the on going contract .... As I got cheated by the car finance manager as He mentioned to me to give interest rate low but... in the end 12.88percent.. Just like ripping me off I had put money into this deal with $8000 $$$$ deposit for down payment.. And I had lodge my complaint to one of you members but soooo far .. There is no body tried to give some feedback.. So Now if I want to terminate my finance What are the cost of the money that I had to paid and the the penalty amount for cancellation early before the terms finish.. Thanks Harianto H
The only place you are going to get answer is from Macquarie Leasing Pick up the phone dial the number & ask them I dont know you would be asking here in the 1st place this is NOT Macquarie Leasing
payout figure
Hi i am currently halfway through my car loan. Is it possible to trade this vehicle in for another on finace as we are expecting a baby and need a bigger car. Thank you
Wanting to know how long a refund takes to go back into my bank thanks
Get an answer from our members and Macquarie Bank representatives
ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.