Businesses like car loan company Car Loan and automotive leasing company LeaseMax are the top two car franchisees in Australia, with Car Loan managing the lion’s share of the business while Leasemax has a small slice of the lease business.
The top ten franchisees are all owned by the same company, called LeasePlus, which is a joint venture between Car Loan, Lease Plus and a company called CarVista.
LeaseNow has the top ten, with four franchisees.
The top ten franchises are owned by Car Loan in Melbourne, CarVistas in Adelaide and LeaseMe, a small car leasing business, in Melbourne’s CBD.
LeaseNow is the only car rental company in the top 10, but there are plenty of others.
One of the largest leasing companies in Australia is CarShare, with franchises in Sydney, Melbourne, Canberra, Adelaide, Brisbane and Canberra.
There are plenty more, including the two largest leasing networks in Australia – CarVisa and Carvana – which are owned and operated by two different companies.
CarVizas leases are based in Brisbane and Adelaide and CarVas is based in Sydney.
The biggest franchisee, LeaMax, is based at the centre of the car industry in Sydney and has a franchise in every state in Australia.
LeaMax operates in nine states and the ACT, with LeaPlus in every other state and territory.
The car industry is not averse to having franchisees, with leases for rental cars in some states and territories having more than one franchisee.
There is no evidence that Lea Max has done anything wrong, however, with its lease agreements.
It has not broken any rules and its franchisees have a range of benefits from a consumer perspective.
In a recent review of leases conducted by the Australian Automobile Association, Least Car Lease (LCLA) found that lease deals are not subject to anti-avoidance rules, which means Leamax’s leases do not have to pay any upfront costs to LeaseVista or Lease Max.
The review found that LeaseMAX’s leases in the Greater Melbourne area have a lease term of four years, while Lea Plus leases have a six-year lease term.
In addition, Leavastar has a lease in all of Australia, while CarVillas leases are for two years.
LeyMax leases are subject to a minimum lease amount of $500,000 and a maximum lease amount that is $600,000.
Leavestar has an unlimited lease for $1.2 million.
LeafMax and Leavista have a very similar lease terms, with the two leasing companies offering a total of $2 million for a total lease of $6 million.
LeaMAX leases have higher minimum lease amounts than Leavists, with an overall minimum lease of only $1 million.