Question 1

What types of equipment can I finance?

Accepted Answer

Lenders on our panel finance almost any business equipment including machinery, vehicles, trucks, forklifts, medical equipment, IT hardware, office furniture, agricultural equipment, construction tools, and manufacturing equipment — both new and used, with flexible terms. If it's used for business purposes and holds value, there's usually a lender willing to finance it, and our job is finding them.

Question 2

What's the difference between a chattel mortgage and equipment loan?

Accepted Answer

Both finance equipment, but ownership differs. With a chattel mortgage, you own the asset from day one and can claim depreciation and GST credits immediately, making it tax-effective for businesses. Equipment loans involve the lender owning the asset until final payment, with you taking ownership afterwards. Chattel mortgages offer more tax benefits for established businesses, while equipment loans suit newer businesses or those seeking simplicity.

Question 3

Can I claim tax deductions on asset finance?

Accepted Answer

Yes, asset finance offers significant tax benefits. Interest payments are tax-deductible business expenses. Under instant asset write-off rules, eligible businesses can immediately deduct the full asset cost (up to threshold amounts). Depreciation deductions apply over the asset's effective life. With a chattel mortgage, you can claim GST credits on the purchase price. Consult your accountant to maximize tax benefits for your specific situation.

Question 4

How much deposit do I need for asset finance?

Accepted Answer

Deposits typically range from 10-30% of the equipment value depending on asset type, age, and your business's financial position. New equipment often requires lower deposits (10-20%) while used equipment may need 20-30%. Established businesses with strong financials sometimes secure 100% finance. A larger deposit reduces your loan amount, monthly payments, and total interest cost.

Question 5

Can startups and new businesses get asset finance?

Accepted Answer

Yes, asset finance is often available to startups, though terms may differ from established businesses. New businesses typically need: a higher deposit (20-30%), strong business plan, industry experience, personal guarantees from directors, and potentially additional security. The equipment itself serves as collateral, which helps approval chances. We work with lenders specializing in startup finance.

Question 6

What happens at the end of my asset finance term?

Accepted Answer

At term end, you have several options depending on your agreement type. For chattel mortgages with residual/balloon payments, you can: pay the residual and keep the asset, refinance the residual value, trade up to newer equipment, or sell the asset and use proceeds to clear the residual. For equipment loans, you simply own the equipment once final payments are made. We'll explain all options and help plan your exit strategy.

Finance the gear that grows your business.

Why Choose Asset Finance?

Preserve Cash Flow

Fast Approval

Flexible Terms

Tax Benefits

Asset Focused

Expert Support

Assets We Arrange Finance For

Vehicles & Transport

Manufacturing & Industrial

Construction & Tools

Technology & IT

Medical & Healthcare

Office & Business

Finance Options

Finance Lease

Operating Lease

Chattel Mortgage

Rental Purchase

Rates & Terms

Finance Amounts

Interest Rates

Finance Terms

Simple Application Process

Pre-Qualification

Choose & Apply

Assessment & Approval

Settlement

Asset Finance Calculators & Tools

Asset Finance FAQs