What is the maximum age allowed for a financed asset?

The maximum allowable age of an asset is determined by the product type and loan amount, and is based on the asset's age at the End Of Term (EOT).

Commercial Lending:
Policy varies by product:

• Streamline:

  • Trailers & Cat. A/B assets under $50k lend: No age cap.

  • All assets with a lend over $50k: Maximum 25 years EOT.

• Accelerate:

  • Trailers: Maximum 30 years EOT.

  • Motor Vehicles (MV) & Cat. A assets: Maximum 25 years EOT.

Consumer Lending:

• The financed asset must be a maximum of 20 years old at the End Of Term (EOT).