Business owners can now pay for their vehicle and equipment finance commitments by card following the launch of a relationship between American Express and Macquarie Leasing. The program is open to all American Express Cardmembers enrolling in a new commercial vehicle and equipment finance agreement with Macquarie Leasing.
"This is a great opportunity for business owners to diversify the way they pay for their business equipment needs - from cars to medical equipment finance arrangements," said Joanne Sully, Vice President, Global Merchant Services, American Express. "In addition, business owners can benefit from a convenient method of payment with the added advantage of being able to extend their cash flow."
The program is a global first for American Express within the commercial equipment finance space, with Macquarie Leasing the only institution in the market to accept any form of plastic payment for new commercial vehicle and equipment finance repayments.
"Business owners can now use their American Express Card to pay for commercial vehicle and equipment finance repayments and in doing so, will earn more Membership Reward points - which can ultimately be put back into their business," Ms Sully said.
Mr Andrew Sidery, theHead of Macquarie Leasing Specialist Sales, said: "Macquarie Leasing is delighted that we can assist Australian businesses by expanding the range of vehicle and equipment financing solutions available in the market. This relationship with American Express is a result of our continued commitment to provide market-leading solutions to SMEs."
As part of their service offer, Macquarie Leasing will accept American Express for monthly payments for new commercial hire purchase, chattel mortgage and finance lease agreements. Macquarie Leasing also has the ability to source cars and insurance products on behalf of American Express Cardmembers.