Equipment & Vehicle

It’s a common question for small business owners; how do you get your hands on the equipment you need to grow, while still keeping the all-important cash flow and working capital?

Choosing the right equipment finance gives you a lot more benefits other than just preserving your day-today funds:

• Equipment can generate immediate income.
• Equipment Finance preserves working capital.
• Repayments let you budget more accurately.
• Loans are often secured by the asset so usually you don’t have to put your house on the line.
• There could be potential tax advantages to consider.

What can be financed?

Any plant or equipment that can help generate income for your business can usually be financed. Some examples are as follows:

• Motor vehicles.
• Commercial vehicles.
• Plant and machinery.
• Agricultural equipment.
• Computers, photocopiers and phone systems.
• Medical and dental equipment.
• Office equipment.
• General business equipment.

What types of equipment finance are there?

There are many different financial products available with some more popular than others. It is important to discuss with your professional advisers such as your Accountant which product may be appropriate for your business needs. These options include Commercial Hire Purchase, Chattel Mortgage, Finance Lease, Novated Lease, full maintained Novated Lease and Operating Lease. The more commonly used options are Chattel Mortgage, Finance Lease and Novated Lease. We can help you evaluate the key benefits and differences for each product.