EQUIPMENT FINANCE STRUCTURED AROUND THE ASSET
Machinery, vehicles, technology and fit-out can represent a significant commitment for a business. Finance options can include a loan secured by the asset or an arrangement where the financier owns it during the term. The asset, its intended use and the business position all affect the options.
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We review the asset, how the business will use it and your financial position, then check which lenders available through AGFB may consider it. We explain the available structures, payments, total cost, ownership and end-of-term obligations before you decide whether to apply.
BUSINESS ASSETS WE CAN HELP YOU FINANCE
Commercial Vehicles
Utes, vans, trucks and fleet vehicles used in the business. We consider the vehicle, its intended use and whether it is bought new, used or through a private sale.
Plant and Machinery
Earthmoving, agricultural, manufacturing and construction equipment. Asset type, age and resale market can affect lender eligibility and the structure available.
Technology and Specialist Equipment
Computers, telephony, medical, hospitality and other specialist equipment. Some lenders treat assets with a shorter working life differently, and we check which options suit.
Fit-Out and Shop Equipment
Equipment for kitchens, shops, offices and workshops may qualify for asset finance. Building works, installation and other fit-out costs can require a different facility. We separate the equipment from the wider project costs when checking options.
Forklifts, Trailers and Site Equipment
Materials-handling and site equipment, where the asset's condition, age and resale market form part of the assessment.
Refinancing Existing Equipment
Reviewing current equipment finance or releasing funds from assets the business owns, subject to lender policy and the asset's value.
WHAT SHAPES AN EQUIPMENT FINANCE ASSESSMENT
Equipment finance requirements vary between lenders, assets and transactions. These are the details we review when checking potential options.
The Asset, Its Age and Condition
Asset type, age, condition and expected working life affect eligibility and the term available. Older or highly specialised assets can narrow the options.
Supplier and Purchase Type
Dealer, auction and private-sale purchases can involve different ownership, valuation and existing-finance checks. Speak with us before committing so we can identify the likely requirements and any matters still to be confirmed.
Business Trading and Financials
Lenders consider trading history and financial records. Some offer streamlined documentation for certain assets and established businesses under their own criteria; the application is still assessed in full.
Structure and Ownership
Chattel mortgage, hire purchase, finance lease and rental structures differ in who owns the asset and what happens at the end of the term. We explain each; your accountant advises on tax and GST treatment.
Deposit, Trade-In and Balloon
A deposit or net trade-in value after existing finance is paid out can reduce the amount borrowed. A balloon defers part of the principal to the end of the loan. We compare its effect on repayments, total interest and the final amount due.
Insurance and Registration
Lenders commonly require the asset to be insured, and registered where applicable. We confirm the requirements and when each must be satisfied.
HOW WE APPROACH EQUIPMENT FINANCE
01
Understand the Asset and the Business
We establish what you are buying, who from, how it will be used and how the business trades, so the comparison starts from the actual transaction.
02
Compare Structures and Lenders
We identify lenders whose policy appears to fit the asset and the business, then compare ownership, term, payments, total cost and end-of-term conditions.
03
Prepare, Lodge and Settle
We prepare the application, coordinate supplier invoices and lender documents, and manage conditions through to settlement. Approval remains subject to lender assessment.
WE ARRANGE THE FINANCE, NOT THE TAX POSITION
Direct Broker Access
Christian leads your finance review, supported by the AGFB team throughout the application process.
Working With Your Accountant
We compare the finance options and explain how they work. Your accountant advises on the tax, GST and accounting implications for the business, which can differ between structures.
Costs and Obligations Explained
We explain the payments, fees, total cost, security and end-of-term obligations. We also identify any guarantee requirement and the risk of losing the asset if contractual obligations are not met.
COMMON QUESTIONS ABOUT EQUIPMENT FINANCE
What is a chattel mortgage?
A chattel mortgage is a loan where the business generally owns the asset from purchase and the lender takes security over it until the loan is repaid. It is one of several structures, alongside hire purchase, finance leases and rental arrangements, which differ in ownership, end-of-term obligations and accounting treatment. We explain how each works; your accountant should advise on the tax and GST implications for the business.
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Can I finance used equipment or a private sale?
It can be possible, subject to lender policy. The lender may require proof of ownership, an inspection or valuation, and checks for existing finance or security interests. Existing finance may need to be paid out and the relevant security released as part of settlement. Asset age and condition can affect eligibility and term. Ask us about the likely requirements before committing to the purchase.
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How do balloon payments and lease residuals differ?
A loan balloon is principal left to repay at the end of the term. For the same amount, rate and term, it reduces regular repayments but increases total interest. A lease residual relates to the asset value set for the end of a lease; ownership and payment obligations depend on the contract. Ownership does not automatically transfer. Refinancing is subject to a new assessment, and selling the asset may not cover the amount due. We explain the final obligations before you decide.
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Do I need a deposit?
Not always. Some lenders will consider financing the full purchase price for certain assets and business profiles, while others require a deposit or trade-in. Requirements depend on the asset, the business and lender policy. We check what applies to your transaction.
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Can a new business get equipment finance?
It can be possible, but the options may be narrower. Lenders may place more weight on the asset, any deposit, industry experience and the personal position supporting the application. Some require a minimum trading or ABN registration period. We check whether a suitable pathway appears to exist before an application is lodged.
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What documents will I need?
Requirements vary. They can include identification, ABN and business details, financial statements or tax returns, business bank statements, details of existing debts and the supplier's quote or invoice. Private sales and used assets can need ownership and condition evidence. We confirm the documents needed at each stage.