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Asset finance
Asset finance lets you spread the cost of vehicles, machinery and equipment over time, so you may keep your cash for running the business. We help you compare lenders and find a structure that suits your cash flow.
At a glance
The asset
is usually the security
New or used
from dealers or private sellers
Upfront
our fee explained before we start
What it may cover
Vehicles, such as utes, vans and trucks.
Construction and earthmoving machinery.
Manufacturing and workshop equipment.
Technology, such as IT and point-of-sale systems.
Hospitality equipment, such as commercial kitchens.
Medical and dental equipment.
How it works
The loan is usually secured against the asset you're buying, so you may not need to use your home. The asset needs a serial number, so the lender can register its security on the PPSR.
Terms are often matched to the asset's useful life, sometimes with a lump sum (balloon) at the end to lower regular repayments.
Many lenders may finance new and used assets, from dealers or private sellers.
How we help
The asset, its cost and how it fits your business.
Banks and specialist asset finance lenders, side by side.
We prepare the application and work with the seller.
We help with your next purchase or upgrade when you're ready.
Asset finance carries a fee for our advice. We explain it upfront, before we start, so there are no surprises.
Questions we hear often
Usually assets with a serial number, such as vehicles, machinery and equipment. The lender registers its security over the asset on the Personal Property Securities Register (PPSR), so items without a serial number are harder to fund.
Not always. Some lenders may finance the full price, depending on the asset, your business and your credit history.
Possibly. Because the asset is the security, some lenders may be more flexible with newer businesses.
GST and depreciation may affect how you structure the purchase. Talk to your accountant about your situation.
A lump sum at the end of the loan that lowers your regular repayments. You'll need to plan how to pay it, such as by selling or refinancing the asset.
Yes, asset finance carries a fee. We'll tell you what it is before we start.
A no-obligation chat may help you find the right finance for your next purchase.