Equipment Finance
There are a number of options for small business owners to purchase and fund equipment to operate and expand its business.
Selecting the wrong option could cost your business money.
With the assistance of one of our experienced and friendly finance executives we can assist you in making the decision to best suit your business situation.
Listed below are some of the main features of these finance options.
[[enquireNow]]Finance Lease
A Finance Lease lets you choose equipment for your business without any ownership commitments. Financing 100% of the purchase price is easy and allows capital to be spent on other items necessary to expand and run your business.
Terms for Finance Leases usually range from 1 to 5 years.
At the expiry of the term a residual (lump sum) amount based on the value of the equipment is due and payable. The value is based on Australian Taxation guidelines and agreed at the commencement of the contract.
Rental payments attract GST.
[[enquireNow]]Hire Purchase / Asset Purchase
Ideal for customers buying equipment for their business and who require full ownership at the end of the finance period. Finance 100% or deposit funds to help reduce the overall debt. Terms usually range from 1 to 5 years.
You may elect to have a balloon payment at the end of the agreement which helps reduce the repayment amounts during the loan period.
No GST is payable on loan repayments.
[[enquireNow]]Chattel Mortgage
Immediate ownership of the equipment for your business needs.
Choose between paying a deposit to reduce the overall debt or finance 100% of the purchase price of the goods.
Terms usually range from 1 to 5 years.
You may elect to have a balloon payment at the end of the agreement which helps reduce the repayment amounts during the loan period.
No GST is payable on loan repayments.
[[enquireNow]]Novated Lease Agreement
If you are an employer and have employees looking to purchase motor vehicles, this lease offers a "3 way" agreement between you the employer, your employee and the Lender.
- You agree to make the rental payments on behalf of the employee during their employment.
- Your obligation to the agreement ceases when the employee leaves the company.
- You may be able to claim a tax deduction for Lease rentals and motor vehicle running costs. Ask your accountant for more information.
Finance 100% of purchase price so there is no capital outlay.
Terms usually range from 1 to 5 years.
At the expiry of the term a residual (lump sum) amount based on the value of the motor vehicle is due and payable. The value is based on Australian Taxation guidelines and agreed at the commencement of the contract.
Rental payments attract GST.
[[enquireNow]]Rental
A rental agreement gives you the flexibility to enhance, upgrade or add equipment during its term. It is ideal for goods that require regular upgrades such as information technology and telecommunication equipment.
No residual, so you can return the equipment when the contract expires (so long as they are in good working order) or continue to rent the goods even after the contract term expires.
Finance 100% of purchase price so there is no capital outlay.
Rental payments attract GST.
[[enquireNow]]Contact Us Now!
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