Asset Finance & Equipment Finance is a way for businesses to get important things they need, like equipment or assets, without the need for large upfront capital expenditure. Instead, it allows for spreading the cost of acquiring assets over time, making it easier to manage cash flow and preserve working capital to enable the cash to be used for other necessary expenses.


Some examples of Asset & Equipment Finance include :

• Cars for business purposes

• Utes & Vans

• Trucks

• Machinery

• IT Systems

• Medical Equipment

• & Much more
  

Types of finance products available :

• Chattel Mortgage: A Chattel mortgage is a type of Equipment and Asset Finance where the business takes ownership of the asset from the outset, with the Lender taking a mortgage over the asset as security for the loan. The security charge over the asset by the lender is removed once final payment has been repaid for the loan.

• Finance Lease: In a Finance lease, the lender purchases the asset on behalf of your business and leases it back to you for an agreed-upon term, with the option for you to purchase the asset back from them at the end of the lease term.

• Commercial Hire Purchase: With a hire purchase agreement, the business hires the asset from the financier for an agreed-upon term with the option to purchase the asset at the end of the term in which the ownership is transferred to you.

The best choice depends on factors like cash flow, tax benefits, and the business's plans for the future. Your company’s tax advisor or accountant can help you to make the best decision as to what would work best for your business.

Get in touch with us today to explore your options with a range of lenders on our panel.