Back to: Equipment and Insurance Finance

An asset finance facility allows you to purchase goods over an extended period of time with the option of ultimately owning the equipment outright. Because legislation relating to asset finance varies from state to state, it is available in various forms, including hire purchase, chattel mortgage, asset purchase, national commercial loan or bill of sale

Key features

• Minimum amount -$15,000
• Terms between 1 and 7 years
• Usually no additional security required.

• Interest payments and equipment depreciation costs are normally tax deductible
• Optional balloon payment available
• Facility to include an initial deposit thus reducing interest paid
• Repayments structured to meet your requirements (monthly, quarterly, annually or seasonal)
• Line of credit available meaning less hassle and less paperwork
• Frees up resources/capital to expand your business
• For commercial hire purchase, the title of equipment automatically passes to you when the agreement expires
• For commercial loans, the title of equipment financed remains with you.