Equipment Finance
Equipment Finance is a competitive and tax effective form of financing that allows businesses to acquire assets whilst preserving capital and maintaining cash flow. Equipment Finance is the generic term used to describe independent stand alone financing of assets that are used to produce assessable income.
You or your clients may want to expand your business by replacing or leasing vehicles, updating IT equipment or software, or purchasing new plant and equipment. Being at the very heart of your client's financial affairs means you are in a very good position to offer a service such as Equipment Finance to them. The process is made simple for the client given you generally have on hand most of the relevant information required to make such an application.
What products are available?
Through the services of our referral partner LeaseChoice, ABN Money offers the full range of equipment finance products, which include:
- Finance Lease
- Rental or Operating Lease
- Commercial Hire Purchase
- Chattel Mortgage or Equipment Loan
- Novated Lease
Which product do I choose?
This will depend on your, or your clients individual circumstances. Generally you are in an excellent position to understand your clients specific needs.
In choosing the right financing solution the following considerations are important:
- Tax/Accounting Treatment (eg Commercial Hire Purchase or Finance Lease) GST Treatment (cash or accrual)
- Cash flow and budget management
- Useful life of equipment
- End of term options
Please refer to our FAQ’s on each type of finance
What equipment types are eligible?
The finance products are generally available across a wide range of assets – common equipment types are:
- Motor vehicles
- Commercial vehicles including vans and trucks
- Plant and equipment
- Manufacturing equipment
- Medical equipment
- Office equipment including computers, faxes and communication equipment
