Asset and equipment finance
Finance the ute, the excavator or the coffee machine against the asset itself, and keep your cash in the business.
How it works
The lender pays for the asset and takes it as security. You repay over a fixed term, often with a larger final payment called a balloon to keep the regular repayments down. Because the asset secures the loan, rates are generally lower than an unsecured business loan.
The main types
- Chattel mortgage. You own the asset from day one and the lender holds a mortgage over it. The most common choice for businesses.
- Finance lease. The lender owns the asset and you lease it, with an option to buy at the end.
- Novated lease. For employees, with repayments made from salary through an employer.
How each is treated for GST and tax differs. Your accountant can tell you which suits your business.
Before you apply for a home loan
Vehicle finance repayments count against your borrowing power. A balloon payment and a longer term lower the monthly figure a home lender sees. If a home purchase is on the horizon, tell us before you sign for the new ute so we can plan the two together.
How we handle it
The same four steps on every loan, whatever the size.
Talk
A 20-minute call about what you want to do. No documents needed yet.
Compare
Your scenario priced across 40+ banks, mutuals and non-bank lenders, explained in plain English.
Settle
We package the application, lodge it and chase the lender through to settlement.
Stay sharp
Every year we check your rate against the market, so the loyalty tax never gets a grip.
Questions people ask
Can I finance second-hand equipment?
Yes. Lenders set age limits by asset type, and private sales need a few extra checks.
Do I need financials?
Not always. Established ABN holders with a clean credit history can often use low doc options up to a set amount.
General information, last updated November 2026. Scheme figures, lender policies and duty rates change, so confirm them before you rely on them.
Keep reading
Let’s talk about your next move
Twenty minutes on the phone. No documents and no sales pitch.