Equipment Finance / Vehicle Finance
Borrow: $10,000 to $500,000
Loan Terms: Up to 60 months
Asset or equipment finance is borrowing money to buy the assets your business needs to operate. It allows you to break the cost of your new asset into smaller, more manageable repayments over the course of its lifetime. We enable you to finance your purchase of business equipment or vehicles, quickly and easily.
What do I need to get this type of finance?
• Must be purchasing traditional assets
• The asset value must be over $5000
• Good cash flow and balance sheet history
• Good credit history
What are the benefits of asset finance?
• Doesn’t tie up your available working capital
• Less impact on cash flow than outright purchase
• Spread cost of the equipment over its useful life
• Repayments can be tax deductible
• May be able to claim GST input credits
• Ability to keep up with changing technology
We Have You Covered No Matter What Your Needs Are, Plus We Find The Best Option For You
Finance lease
We purchase the asset at your request and lease it back to you for an agreed period. You’ll own the equipment at the end of the term once contractual payments (including any residual value) has been paid.
Commercial loan / Chattel mortgage
This is where you source and own the asset and we’ll provide you with a loan that is secured by the asset.
Hire purchase
We purchase the asset at your request and you buy it from us by paying us back in instalments. We’ll own the asset until we’ve been paid in full including any balloon payments.
Novated lease
We make a lease arrangement with you to finance cars for your employees’ personal use through salary sacrifice. We’ll own the car but employees can offer to buy it from us at the end of the lease agreement