Solutions

Make the most of equipment finance

Equipment finance can help you acquire the essential business vehicles, machinery and equipment you need without dipping into your cash reserves.

To help make the most of your equipment finance, consider these points before stocking up:

• Think about the future growth of your business: Ensure the equipment you’re using is able to cater for your future growth plans.
• Make sure you’re paying the right price for your business equipment. Buying new equipment will enable you to meet demands as your business develops. There are many independent valuers that specialise in vehicles, trucks, farm and construction equipment to help you make more informed decisions.
• Always get an inspection from a reputable mechanic to gauge the history and condition of a second hand vehicle. This goes a long way to minimising the risks of ending up with an unreliable vehicle.
• Get a vehicle history check from REVS. The last thing you want while equipping your business is to find there's finance owing on the vehicle. If you get caught out you risk losing the vehicle.
• Ask your accountant to run though any potential tax benefits of buying versus financing equipment through your business. If you decide equipment finance is the way to goMake a budget and stick to it. If you’re not sure how much you can afford our vehicle and equipment finance calculator will help you get an idea of possible monthly repayments.

Next steps

Like to discuss your options with a business manager? Complete our short enquiry form and we'll contact you. Or call us on 132 772 to discuss your options.