TARGET MARKET DETERMINATION

This Target Market Determination (“TMD”) provides information about the consumers that this product has been designed for, having regard to the likely objectives, financial situation and needs for those in the target market.

Consumers should refer to the terms and conditions of the product and any supplementary documents which outline the relevant terms and conditions when deciding about the product.

This document is not a full summary of the product’s terms and conditions and is not intended to provide financial advice or professional advice of any kind. Consumers are encouraged to seek independent legal, financial and professional advice before deciding about the product.

Product 

CARZIE Australia Pty Ltd. Consumer Lease (“product”) CARZIE

Issuer  

CARZIE Australia Pty Ltd as an authorised representative of Alpha Finance Pty Ltd under Australian Credit License 411447

Effective Date

October 2025

Target Market 

Description of target market
The CARZIE Australia consumer lease is designed for a class of consumers seeking finance to lease a motor vehicle, who want to make regular
repayments and have a fixed rate of interest for the life of the lease.

Consumers in the relevant class of consumers must meet our eligibility criteria
which includes that they:

  • Must be twenty-one (21) years or older at the time of application
  • Must be an Australian resident or valid Visa holder for the entirety of the
    life of the lease
  • Must have a full, open and valid Driver Licenses at the time of
    application of the lease
  • Must have an acceptable credit rating
  • Can demonstrate their capacity to pay the lease over a sustained
    period.

Product Description and Key Attributes:  

Description of the product, including key attributes  
The key attributes of the CARZIE Australia Consumer Lease include:

  • Loan terms from 36 to 48 months
  • Repayment terms are either weekly or fortnightly.
  • Vehicles will be selected by the customer from the advertised fleet available
    from our website at the time of application
  • Regulated under the National Consumer Credit Protection Act 2009
  • Early repayment fees are applicable.
  • Vehicle registration and Insurance included.

Consumer needs and objectives 

Consumer Needs and objectives  
The CARZIE Australia Consumer Lease is designed for consumers who:

  • Need a vehicle but is unable to secure vehicle financing
  • Want a lease vehicle for a agreed timespan or ongoing basis
  • Want a fixed rate of repayments for the life of the Consumer Lease
  • Want the choice to make payments in weekly or fortnightly intervals

Financial Situation

Description of financial situation of consumers for whom the product is suitable   
This product is designed for consumers who:

  • Receive regular and ongoing income.
  • Can afford to maintain and ongoing running costs on a vehicle
  • Can afford to service a Consumer Lease repayment starting from $199 per
    week
  • Want to make regular payments over a defined period
  • May have credit defaults in the past
  • Meet additional lending and eligibility criteria

Excluded Classes 

Classes of Consumers for who the product is not suitable 
This product is not designed for consumers who:

  • Wish to use finance for other than purchasing a motor vehicle
  • Have a credit file that is younger than 3 years
  • Have any unpaid defaults greater than or equal to 3 months listed on their
    credit report
  • Have poor bank account conduct
  • Display short-term cash lender activity

Consistency between Target Market and Product

Distribution channels and conditions  
This product is designed to be distributed through the following channels:

  • CARZIE Australia website
  • CARZIE Australia Customer Care Team
  • Brokers who hold an Australian credit license, are representatives of an ACL
    holder or those who operate under an exemption to the licensing requirements
    under National Consumer Credit Protection Act 2009
  • through approved third-party referral partners with whom CARZIE Australia
    has a formal agreement
    All distribution channels must be accredited with CARZIE Australia and must be
    familiar with the CARZIE Australia product and the relevant target market
    determination.
    Distribution conditions include ensuring that consumers have the appropriate
    borrowing capacity and meet the lending and eligibility criteria and requirements for
    the product. CARZIE Australia ensures that any information in relation to the product
    is disseminated in a timely and readily accessible manner to all distributors and
    authorized internal sales consultants.

Why the distribution conditions and restrictions will make it more likely that the
consumers who acquire the product are in the target market:   
The distribution conditions ensure alignment to the target market by ensuring that:

  • All distributors are made aware of the target market and criteria for loan
    eligibility
  • Our application and approval process has controls in place to ensure all
    approved consumers meet our eligibility and lending requirements.
  • CARZIE Australia has taken reasonable steps to ensure distribution is aligned
    with the target market
  • Monitoring and reporting can happen efficiently

Review Triggers :

CARZIE Australia will review this target market determination if any of the
following triggers occurs, where they reasonably suggest that this target market
determination is no longer appropriate:   

  • Changes in responsible leasing legislation and guidelines
  • A significant increase in default rates
  • A significant increase in the number of hardship notices within proximity to
    lease origination
  • A significant dealing in the product outside of the target market occurs
  • A significant number of complaints are received from customers in relation to
    the product
  • A material changes to the product and/or the terms and conditions of the
    product; and/or
  • Adverse external events occurring such as adverse media coverage or
    regulatory attention

Review Period

Initial Review: An initial review will be conducted within 18 months of the
effective date of October 2025

Periodic Reviews: Periodic reviews of the TMD will be conducted within 18
months from the previous review.

Last Reviewed

This document was reviewed and updated where applicable on the following
dates

  • Wednesday 15 th October 2025