How this lending option works
Asset finance can preserve working capital by spreading the cost of income-producing vehicles, plant, machinery or equipment. We compare lender appetite, structure, term, repayment profile and the total amount payable.
- Vehicles and commercial equipment
- Plant, machinery and technology
- Purchase and refinance options
Match the facility to the asset and business
The suitable structure depends on who will own the asset, its business use, useful life, cash-flow contribution and the available documentation. Chattel mortgages, leases and other facilities can have different ownership, tax and end-of-term outcomes, so confirm tax treatment with your accountant.
New purchases, upgrades and refinance
Funding may be available for vehicles, plant, machinery, technology and specialised equipment. Existing asset facilities may also be refinanced or restructured where the benefit exceeds exit fees and the new term remains appropriate for the asset.
What affects pricing and approval
Lenders consider the asset, supplier, age, amount, deposit, business history, credit profile and financial evidence. A fast approval is only useful if the repayment, balloon or residual and total cost fit the business cash flow.
Common questions
Can a new business obtain asset finance?
Potentially, although lender choice and evidence may be more limited. Director experience, deposit, asset type, contracts and business bank activity may be relevant.
Can I finance a used vehicle or piece of equipment?
Often yes, subject to lender limits on age, type, condition, supplier and the proposed term.
Should I use property equity instead?
Property-backed finance may offer different pricing but places property at risk and may extend repayment beyond the asset's useful life. We compare security, term, cost and flexibility before deciding.
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