Asset Finance
Do you need business asset finance to help support your growing business?
Whether you need new vehicles, machinery, or equipment, our asset finance services are structured to support your business growth plans. Rather than pay for your business assets upfront, you can spread the expense over time. This means you can get the assets you need now, so you can reach your goals faster.
Asset finance can be used to fund a range of assets including...
Types of asset loans.
Finance Lease
A finance lease is most commonly suited to businesses looking to fund long-term assets that will be used consistently over a number of years. Under this arrangement, a lender purchases the asset on your behalf and makes it available for your use. You take full responsibility for the asset during the lease period — including maintenance and insurance — and make regular fixed payments throughout the term.
At the end of the lease, you’ll have the option to purchase the asset outright for a pre-agreed amount, known as a balloon payment. This structure can offer tax advantages for businesses, as lease payments may be deductible. We’ll help you assess whether a finance lease is the right fit for your situation and find the most competitive terms available.
Operating Lease
An operating lease is typically better suited to businesses that need access to an asset for a shorter period — such as to complete a specific contract or project — without the intention of owning it at the end. Under this arrangement, a lender loans you the use of the asset for a fixed term and retains ownership responsibility throughout.
You make regular payments for the duration of the lease, and at the end of the term, the asset is simply returned to the lender. Because you’re not taking on the risks of ownership, an operating lease can be a cost-effective and flexible solution for businesses that need to keep their balance sheet clean or regularly upgrade to newer equipment.
We’ll help you determine whether an operating lease fits your needs and identify the right lender for your circumstances.
Hire Purchase
A hire purchase arrangement is best suited to businesses that want to own an asset outright but don’t have the cash flow to pay for it upfront. Under this structure, a lender purchases the asset on your behalf and you take possession of it immediately. You then pay off the cost of the asset in regular instalments over an agreed term. Once the final repayment is made, full ownership of the asset transfers to you.
Hire purchase can be a straightforward and predictable way to acquire business-critical assets — with fixed repayments that make budgeting simple. We’ll help you structure the repayment schedule in a way that works with your cash flow, and find the most competitive hire purchase arrangement for the asset you need.
Chattel Mortgage
A chattel mortgage is one of the most popular asset finance structures for Australian businesses. Under this arrangement, you take immediate ownership of the asset while the lender takes a mortgage over it as security for the loan. You make regular repayments over an agreed term and, once the loan is repaid in full, the mortgage is discharged.
Unlike a finance lease, a chattel mortgage means the asset appears on your balance sheet from day one — which can be advantageous for businesses looking to claim depreciation and GST credits. We’ll help you understand how a chattel mortgage compares to other options and whether it’s the right fit for your business structure and tax position.
In Practice.
Speedy turnaround times.
The property market waits for no-one. That’s why we offer speedy turnaround times, so you won’t miss out on the perfect opportunity.
Huge range of flexible loan options.
Our broad range of flexible loan opportunities comes from access to over 50 lenders. It means we can find the right solution for whatever type of loan you need.
Support when you need it most.
When it comes to property, we’ve seen and done it all. That’s what makes us so well-equipped to guide you through the process and do whatever it takes to make your experience a positive one.
Empowering you to make confident decisions.
Whether you’re buying, building, or refinancing, we’ll guide you through the process and find you the best-fit loan so you can move forward with confidence.