Financing your equipment will preserve your cash keeping your balance sheet strong and healthy.

Asset and Equipment finance includes a range of different loan structures that can help your business buy vehicles or equipment you use within your business. These can include cars, trucks, trailers, vans, boats, motorbikes, machinery, computers etc.

This also spreads the cost of the purchase over a period of time and funding the purchase from the future cash flow of your business.

Furthermore, Equipment finance is an ideal tax-deductible way to finance your business equipment as the interest cost is also a deductible expense for your business which means that you are funding the cost of the purchase from pre-tax revenues.

Asset finance covers asset financing for personal and business use. There are range of products to suit different types of assets, credit policies and terms to suit your individual personal and business needs & requirements.

Range of Vehicle & Equipment Finance options:

 Chattel mortgage (Goods Loan): Also known as an equipment loan. A business borrows money to purchase an asset. The business owns the asset outright, but the lender uses the asset as security until the business repays the loan. This frees capital and ensures the business has security against the loan.

Hire purchase: The lender purchases the equipment and rents it to the business. At the end of the term, assuming all payments are made, the business takes ownership of the asset. This is a popular way to spread the cost.

Finance lease: The lender owns the equipment and the business pays a hire fee for use. In some cases, the business may be able to purchase or refinance the asset at the end of the set term, which gives flexibility.

Operating lease: The lender owns the equipment and the business pays a hire fee for use. The business does not take ownership of the asset. The costs are deemed operational expenses.

Some of the more common equipment include:

Cars, utes, trucks and buses

Forklifts, cranes and similar equipment

Computers and printers

Medical and manufacturing equipment

Industrial plant equipment including those for the mining industry

Manufacturing equipment, such as those used in metal fabrication, timber joinery and

Earthmoving equipment such as trenchers and excavators

Boats, caravans and motorcycles

First Vision Finance can source various types of equipment finance based on your requirements.