Commercial Asset Finance
Invest in new equipment or upgrade your business assets to grow your business.
Let's find the right solution for your business.
Asset finance is primarily tailored towards self-employed clients, small business owners, and contractors. In saying that, it’s still possible to get personal asset finance, and one of the most popular options is for buying cars.
Compared to traditional forms of finance, the benefits of asset finance can include avoiding depreciation, freeing up capital, improving cash flow and reducing upfront costs.
The Asset Finance process.
It’s simple. We’ll find you the right asset finance solution that works in your best interest.
List of Services
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1. Say hello
Get in touch to discuss your current financial situation and goals, in person or online.
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2. The shortlistList Item 2
We’ll research our panel of banks and lenders to create a shortlist of asset finance solutions that suit you.
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3. Pre-approval
Once you’ve chosen a lender, we'll get you pre-approved.
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4. You go shoppingList Item 4
Time for you to decide on the equipment you need to run or expand your business.
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5. Secure the finance
We’ll complete all of the paper to work to secure finance from your lender.
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6. You're done!
The agreement is finalised, the asset purchased and you can begin to enjoy using it, without a large lump sum outlay.
Understanding common asset finance options.
Commercial hire purchase
Obtain the business equipment or car you need through a hire purchase loan, where you pay hire charges over a fixed period. As soon as all your hire purchase payments are complete, ownership of the asset is transferred to you.
Chattel mortgage
Commonly used by business owners and operators for car and equipment finance. With a chattel mortgage, the asset is owned by you from the outset and the loan agreement is secured by the asset.
Finance lease
Finance leases are flexible leases for businesses wanting the option to buy at the end of the lease or hand back the asset.
Novated lease
A novated lease is one of the easiest and most cost-effective ways to buy and own a car. This way, the financier owns the asset, while you and your employer sign a novation agreement to share the responsibilities of the loan.
Other things to
consider: Balloon
payments.
List of Services
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What?List Item 1
You choose to pay a larger sum of the loan value at the end of the loan term. The sum you pay is usually based on a fixed percentage of the total loan value.
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Why?List Item 2
Reduce your repayments when you first start paying off the loan.
Consider how this will affect the amount of interest you pay over the life of the loan and the total amount that is left to pay at the end of your monthly repayment term. The remaining sum will need to be paid in full in one lump sum.
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How do I know if this is right for me?List Item 3
We can help you understand whether this approach suits your needs and run through the considerations and benefits in more detail. Get in touch.
Calculators.
Use these calculators to help you understand your borrowing power, calculate how much stamp duty you might need to pay and determine your repayments.
