Equipment Finance
Equipment Finance Australia — Fund the Assets That Drive Your Business.
1800 678 880Mon–Fri 8am–6pm AESTVehicles, machinery, technology, if your business needs it, we can help you fund it. Competitive rates, flexible structures, fast decisions.
- Compare 30+ lenders without touching your credit file
- Soft enquiry only — no credit checks until the right option is on the table
- Decisions in as little as 24 hours
What is Equipment Finance?
Equipment finance is a type of asset-based lending that allows Australian businesses to acquire vehicles, machinery, plant, and technology without paying the full purchase price upfront. Structures such as chattel mortgage and finance lease spread the cost over a fixed term, preserving working capital while your business uses the asset to generate revenue.
Equipment Finance Structures
The right structure depends on your business setup, GST registration, and accounting method. Our brokers will help you choose.
Chattel Mortgage
Most PopularOwn the asset from day one while the lender holds a mortgage as security. Tax advantages include interest deductions and depreciation claims.
Advantages
- Own the asset immediately
- Tax-deductible interest
- Claim GST on next BAS
- Fixed repayments
- 1–7 year terms
- Balloon payment options
Finance Lease
The lender purchases the asset and leases it to your business for an agreed term, with flexible end-of-term options including purchase or return.
Advantages
- Lower upfront costs
- Fully tax deductible repayments
- Flexible end-of-term options
- Off balance sheet (in some cases)
- Preserves working capital
Commercial Hire Purchase
Hire the asset from the lender and take ownership once all payments are made. Popular for vehicles and heavy equipment.
Advantages
- Hire-to-own structure
- Fixed regular payments
- Interest component tax deductible
- Depreciation claimable
- GST benefits available
Operating Lease
Rent equipment for a set period without the intention of ownership. Ideal for technology that becomes outdated quickly.
Advantages
- No ownership obligations
- Upgrade equipment regularly
- Fully deductible payments
- Preserves borrowing capacity
- Ideal for tech & vehicles
Who is Equipment Finance Suitable For?
Equipment finance is suitable for any Australian business that needs to acquire or upgrade revenue-generating assets. Whether you are a tradie buying a new work vehicle, a manufacturer investing in production machinery, or a healthcare provider updating clinical equipment, there is a finance structure to suit.
Businesses that need general working capital alongside their equipment purchase may benefit from a separate business loan to cover operational costs while the equipment finance covers the asset itself.
How Does Equipment Finance Work?
From enquiry to funded in as little as 24–48 hours.
Tell Us What You Need
Share details about the equipment you want to finance and your business. No obligation at this stage.
We Source Options
We compare our panel of lenders to find the most competitive rate and structure for your situation.
Get Approved
Receive a formal approval, often within 24–48 hours. We handle the paperwork and lender communication.
Equipment Funded
Funds are settled directly with the supplier or vendor, and you take possession of your equipment.
What Can You Finance?
We work with lenders who can finance almost any business asset. If it helps your business generate revenue, we can likely fund it.
Start ApplicationTax Benefits of Equipment Finance
Equipment finance can deliver significant tax advantages for Australian businesses. Depending on the structure you choose, you may be able to:
Claim the GST upfront
With a chattel mortgage, you can claim the GST on the purchase price on your next BAS statement, rather than spreading it over the loan term.
Deduct interest expenses
Interest paid on chattel mortgages and hire purchase agreements is generally tax deductible as a business expense.
Claim depreciation
As the owner of the asset (chattel mortgage, CHP), you can claim depreciation on the asset over time under the relevant tax rules.
Fully deduct lease payments
Finance lease and operating lease payments are generally 100% tax deductible as a business expense in the year they are incurred.
Tax benefits depend on your individual circumstances. Always consult your accountant or tax adviser.
FAQ
What types of equipment can I finance?
Almost any tangible business asset, vehicles, machinery, plant, medical equipment, technology, hospitality equipment, and more. If your business uses it, we can likely finance it.
What is the difference between a chattel mortgage and a finance lease?
With a chattel mortgage, you own the asset from day one and the lender holds a mortgage. With a finance lease, the lender owns the asset and leases it to you, with options at the end of the term. The right choice depends on your business structure, GST registration, and accounting method.
Can I finance second-hand equipment?
Yes. Many of our lenders will consider used or second-hand equipment, though eligibility and terms may vary depending on the asset type, age, and condition.
What is a balloon payment?
A balloon payment is a lump sum amount payable at the end of a loan term. Choosing a balloon reduces your regular repayments during the term. At the end, you can pay the balloon, refinance it, or sell the asset to cover it.
How much can I borrow for equipment finance?
We can help finance equipment from $20,000 up to several million dollars, depending on the asset type and your business profile.