Equipment Finance
There are a number of ways you can purchase or finance equipment for your business. Apart from purchasing the equipment outright a business owner can also choose from the following other options;
1. Chattel Mortgage
Under a Chattel Mortgage a finance company lends money to the customer to purchase a car or other motor vehicle (the "chattel"), and the customer makes regular repayments. The customer takes ownership of the vehicle at the time of purchase, but the finance company also takes out a "mortgage" over the vehicle by way of an ASIC-registered Fixed and Floating Charge to provide security for the loan. Once the term of the loan is completed and any residual (balloon) value is paid, the finance company removes the Charge, giving the customer clear title to the car. Alternatively, the customer can "trade in" the vehicle or re-finance the residual value.
2. Hire Purchase
Commercial Hire Purchase is where a finance company purchases a car or vehicle or asset on behalf of the customer, and then gives the customer use and possession of the car ("hires") in return for regular payments. Once the final payment has been made and any residual (balloon) value paid, the customer takes possession of the vehicle ("purchase").Alternatively, the customer can choose to "trade in" the vehicle, or re-finance the residual value.
4. Rental Agreement
An equipment lease/rental agreement is an agreement where a lessor (the owner of the equipment), permits a lessee to use the equipment in exchange for monthly lease payments. The equipment leased can be machinery, vehicles or any other equipment. The equipment remains the property of the lessor for the term of the agreement. However, most rental agreements will allow lessees to purchase the equipment for a fixed residual amount at the end of the term. The main advantages of rental agreements are that 100% of all lease payments are tax deductible by the business, and that you have maximum flexibility as you can upgrade equipment at the end of each term.
Equipment we can Finance
| General Business | Transport & Wholesale Business | Retail & Food Businesses | Agriculture & Farming Business |
| Office Fit out
Office Furniture Telephone Systems Photocopiers IT Servers IT Equipment Motor Vehicles Business Software Solar Panels Office Security Systems Business Software Industrial Air Conditioning |
Pantech & Prime mover Trucks
Mechanics Workshop equipment Warehouse Racking Forklift Truck Crane Mobile Crane Warehousing Software Distribution Software Tipper Truck Delivery Vans Cold Chain transport/ refrigerated trucks |
Shop Fitouts
Retail Counters POS Terminals Retail POS Software Hospitality POS Terminal Security Cameras and Surveillance Industrial Kitchen / Commercial Kitchen Food Delivery vans Coffee Vans Coffee Machines Food Equipment
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Bulldozer
Excavator Compactor Water Truck Chippers & Shredders Grain Handling Equipment Grain Storage Equipment Compost Turners Hay Balers & Rakes Headers & Harvesters Livestock Feeders & Trailers Spreading & Spraying Equipment Planting & Seeding Equipment Saw Mills |
| Medical & Health Services | Property Developers/ Builders/ Sub Contractors | Lawyers & Accountancy Practices
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Manufacturing Business |
| Treatment Room Fitouts
Medical Software Wheelchairs Treatment & Hospital Beds Locked & secured drug cabinet Cosmetic Surgery equipment Defibrillators Cameras Dentist chairs Dental X-ray machine Dental Equipment Medical Lighting Examination Table ECG Monitors |
Dump Truck
Loader Grader Backhoe Loaders Earth moving Equipment Construction Equipment Scissor Lifts Cranes Concreting Equipment Roofing Scaffold Cleaning Equipment Laser Welding Machine |
Law Office Fit out
Law / Legal Software & Systems Accounting Software Reference Libraries & Resources Stenograph
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Sand Machinery & Equipment
Capsule & Package Filling Machines Beverage brewing & bottling lines Bag & Bagging Machines Bending & Roller Machines CAD Design Software Licenses Edge Banding Machine 3D Printers Laser Cutting Machines Meat Processing & Packing Equipment Packing Machines |
| Restaurants & Bars / Night Clubs | Veterinary Clinics & Surgery | Health & Well Being Businesses | Mining & Equipment Hire Businesses |
| Restaurant/ Bar Fit outs
Tables & Chairs Lighting Audio Systems & Speakers Television Screens & Video Projectors Flooring Identification/ ID Software Systems |
Veterinary Anaesthesia
Veterinary examination tables Surgical Lights Veterinary Monitors Autoclaves & Sterilisers X-ray Imaging Equipment Scales Endoscopes & Microscopes Ultrasound Equipment Respiratory Ventilators |
Gym Equipment
Exercise Equipment Physiotherapy Equipment Chiropractor Equipment Optometrist Practice Fitouts Optometry Equipment Patient Chairs Laser Treatment Equipment Laser Eye Surgery Equipment |
Drilling & Boring Equipment
Bulldozers & attachments Conveyors & Elevators Pile Driving Equipment Hydraullic Equipment Underground Mining Equipment
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