Business Equipment & Motor Vehicle Finance
Equipment finance can help you purchase assets without eroding your working capital. It is a popular form of finance for businesses that want to better manage their cash flow.
Various types of equipment finance are available, including hire purchase, finance leases and equipment loans.
- Hire purchase will suit a business that wants to eventually own the assets outright, although the finance provider owns the equipment until the contract is paid out. A deposit is usually not required.
- An equipment finance lease is similar to a hire purchase arrangement, but rather than making payments with the goal of owning the equipment, the business negotiates a new arrangement at the end of the lease contract, and either continues leasing the existing item or opts to lease a new item. This enables a business to have access to the latest equipment without constantly spending capital.
- Another option is an equipment loan (sometimes known as a chattel mortgage), which is a fixed interest loan secured by a mortgage over the asset. This arrangement has some tax advantages, in that GST is not paid on loan repayments.
More Lenders means Better Deals
Compare over 50 lenders for Business Equipment & Motor Vehicle Finance to find the right solution for you.
Free Consultation for Business Equipment & Motor Vehicle Finance
Contact us now for obligation Free in-depth chat and to learn what we can do for you.
Call Us on 1300 95 60 50 or fill the Form below
Tips for Loan Borrowers
To get the latest tips and news about rates and mortgages join us.