Equipment and asset finance
Equipment finance funds vehicles, machinery, plant and technology for a business, secured on the asset itself, through a chattel mortgage, a lease or a hire purchase agreement.
Equipment and asset finance, explained.
A chattel mortgage gives the business ownership from day one with the lender holding a security interest; a lease keeps ownership with the financier and the business pays for use. The choice affects GST, depreciation and the balance sheet, and it is one to make with the accountant.
Terms usually match the useful life of the asset, and balloon payments can lower the repayment at the cost of a lump sum at the end. Established businesses with clean credit can often finance standard assets on a low doc basis.
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The Learn section is general information about lending in Australia. It does not take account of your objectives, financial situation or needs, is not credit assistance, and is not tax, legal or financial advice. Lender policies, government schedules and regulations change; check the current position with the relevant body or with us before relying on it.
