frequently asked questions

What are the requirements to be eligible for a lease?

• Minimum 2 years trading history

• Transactions over $35,000.00 will require 3 years audited trading results 

Where do I start and what information is required to qualify for a Lease?

• Provide us with a description of your property (property age and condition, number of rooms, last refurbishment date, facilities and market position)  

• Tell us about the property ownership structure and your management agreement or lease 

• Provide your ABN

• Provide a list of the furniture and equipment you wish to lease 

What security will I need to provide?

• A guarantee from the Lessee (your contracting party)

Who is your leasing partner?

• Our leases are provided by Macquarie Bank

Is there a minimum lease term?

• Our standard term is 5 years designed to accommodate the optimum value of the equipment

• You have the option to reduced to 3 years

What are my options at the end of 5-year term?

• Return: You can simply return the equipment with no further obligations and or lease a new collection

• Purchase: You can buy the equipment at its net residual value

• Lease: Continue to lease at a reduced rate for a committed term to own out right

How much will the net residual value be after 5 years?

• You will be advised at the time of application the approx. value of your equipment. Typically, it will be less than 12%. 

How do I make my payment at Rubix?

• All payments are made directly to Macquarie Bank. Your payments will be auto-deducted from the account that you nominate on your application. Payments will be processed on the dates listed on your lease payment schedule.