To get payout and end of contract information about your Macquarie car loan, first check your account number:
A payout figure is the total amount required to finalise your contract. To get a payout figure online:
If you have a novated lease, you may not have access to YourLease. Please contact your salary packager for a payout figure.
Please note the calculation for your payout figure depends on your finance type. If you don’t know what your finance type is, please refer to your welcome email, copy of contract or login at YourLease to find out.
If you have a consumer loan, your payout figure will include:
Once quoted, your payout figure is valid for five calendar days. If you’re intending to payout your contract after the expiry date, you can obtain an updated figure online at YourLease.
For each of these types of loans, your payout figure is calculated as the present value of the sum of the following plus GST where applicable. To calculate the present value, the early termination rate/discount rate (as per your contract) is used:
Once quoted, your payout figure is valid up until the day before your next monthly payment is due. If you're intending to payout your contract after the expiry date, you can obtain an updated figure online at YourLease.
If you have a novated lease, you may not have access to YourLease. Please contact your salary packager for a payout figure.
Once your final payment has been received and cleared (this can take up to two business days), you’ll receive a Payout Confirmation Letter via email within five business days of the account being finalised. If we don’t have a registered email on file, we’ll issue your letter via post. The PPSR security interest will be removed within five business days from the date of discharge.
After the contract has been finalised, all direct debit payments will cease automatically, so you don’t need to cancel these payments with your bank. Please note, if you’ve set up recurring BPAY® or EFT payments from your bank account, you’ll need to cancel these with your bank.
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There are several options that may be available to you at the end of your contract.
You can payout your balloon or residual value at the end of your contract.
If your balloon/residual value is greater than $5,000, and your asset is a motor vehicle, you may be able to refinance the vehicle for a further term subject to our approval criteria. Terms, conditions, fees and charges may also apply.
Who to contact:
If you’re looking for a new motor vehicle, you may apply for a new finance agreement subject to our approval criteria.
Our Macquarie Vehicle Select team can help negotiate for a new purchase on your behalf, book test drives and facilitate the trade-in of your existing vehicle. To enquire, please visit Macquarie Car Loans.
Who to contact:
If you’re thinking of trading in your vehicle at a dealer, you’ll need to payout your contract. Please read the below to help you facilitate your trade-in.
If you’re thinking of selling your vehicle, you’ll need to payout your contract. Please read the below to help you facilitate the sale and closure of your contract.
If you’re experiencing financial difficulty and can’t payout your balloon or residual value, please contact our Financial Assistance team on 1300 364 050, 9am to 5pm (Sydney time) Monday to Friday or email financialassistance@macquarie.com so we can discuss how we may be able to assist you.
A payout figure is the total amount required to finalise your account. You can get a payout figure by emailing carloans@macquarie.com.
A car loan payout figure consists of:
Break costs may be payable if you repay all of a fixed rate loan early. This includes if certain events, including those listed below, occur during the course of your fixed rate loan:
Fixed rate break costs can be substantial, and change from day to day. If you’d like an estimate of your break cost, please email us at carloans@macquarie.com
Once your final payment has been received and cleared (this can take up to two business days), we will provide you a closing statement within two business days of the account being finalised. The PPSR security interest will be removed within five business days from the date of discharge.
After the loan has been finalised, your direct debit payments will cease automatically. Please note, if you've set up recurring EFT payments from your bank account, you will need to cancel these with your bank.
There are several options that may be available to you at the end of your contract.
You can payout your balloon at the end of your contract. Please email us at carloans@macquarie.com for a payout figure.
If your balloon is greater than $5,000, you may be able to refinance the vehicle for a further term subject to our approval criteria. Terms, conditions, fees and charges may also apply.
Who to contact:
If you’re looking for a new motor vehicle, you may apply for a new finance agreement subject to our approval criteria.
Our Macquarie Vehicle Select team can help negotiate for a new purchase on your behalf, book test drives and facilitate the trade-in of your existing vehicle.
Who to contact:
If you’re thinking of trading in your vehicle at a dealer, you’ll need to payout your account. Please read below to help you facilitate your trade-in.
If you’re thinking of selling your vehicle, you’ll need to payout your account. Please read below to help you facilitate the sale and closure of your account.
If you’re experiencing financial difficulty, please contact our Financial Assistance team on 1300 364 050, 9am to 5pm (Sydney time) Monday to Friday or email financialassistance@macquarie.com so we can discuss how we may be able to assist you.
