Business Equipment Finance
Modern businesses depend on equipment to maintain operational efficiency. Whether you’re setting up a restaurant, expanding a logistics fleet, or upgrading your office infrastructure, equipment finance ensures you have access to the tools you need without exhausting your capital.
Our Equipment Finance Options:
1. Hire Purchase
A flexible rental agreement that allows for ownership transfer at the end of the contract term. While the lender holds ownership during the term, you may be able to claim tax benefits such as equipment depreciation and interest paid.
- Upfront deposits or trade-ins can reduce your rental commitment.
- Balloon payments at the end of the term can reduce monthly payments.
- Structured repayments can be designed to clear the debt fully over time.
2. Chattel Mortgage
A common structure where the financed asset acts as collateral. Ideal for businesses on a cash accounting basis, allowing them to claim full GST input credits upfront.
- Flexible repayment terms
- Options similar to finance leases
- Suitable for a wide variety of assets
3. Finance Lease
Under this rental agreement, you lease equipment for a fixed term and rental value. The asset remains under the finance company’s ownership, but your business can claim lease rentals as a tax-deductible expense.
At lease-end, you can:
- Purchase the equipment at a residual value
- Return the asset
- Trade it in
- Extend the lease for continued use
4. Novated Lease for Company Vehicles
An increasingly popular option where the employer takes over the employee’s lease obligations during their employment term.
Benefits include:
- Removes fleet liability from the company’s balance sheet
- Allows employee vehicle choice with company benefits
- Simplifies fleet management and costs
- Automatically transfers responsibility back to the employee upon departure