9275810
9275810

Equipment Loans

//Equipment Loans
Equipment Loans 2018-01-23T05:15:43+00:00
Equipment Loans1

Simply Finance makes

equipment finance simple!

When you want to start work, you want to start now – and that means having the gear you need ready to go. Simply Finance can help you with competitive and flexible finance for a wide range of equipment including:

  • Agricultural and farm machinery
  • Medical equipment
  • Computers and software
  • Telecommunications plant and equipment
  • Trucks and buses
  • Heavy commercials
  • Earthmoving equipment
  • Industrial plant and equipment

Asset Lease

Enjoy the benefits of ownership, without the responsibility. Under an asset lease, you pay a fixed monthly lease or rental payment for the term of the loan. When the residual value is due, you have three options:

  • Pay the residual value and take ownership of the asset
  • Trade the asset in for a new asset
  • Refinance the residual amount

Asset Leases are structured in line with the Australian Taxation Office guidelines and are on the balance sheet as an expense.

Chattel Mortgage

A chattel mortgage potentially offers a range of tax efficiency advantages that may assist in your cash flow. You own your equipment, and you can tailor your payments by selecting a term of seven years fully amortised, or nominate a larger final payment on a term of two to five years.

  • Same day approval
  • Apply online in minutes from your mobile, tablet or desktop
  • Find out how much you can spend with our no obligation pre-approval
  • Access to a wide range of Australian lenders, from the big banks to reputable low doc lenders
  • Flexible options – we’ll tailor a loan option to suit you
  • Professional, personal service from an experienced fleet loan consultant
  • Potential tax benefits – your accountant will advise if you are eligible

Commercial Hire Purchase

(also known as Hire Purchase, Offer to Purchase or Corporate Hire Purchase)

Tailor your business finance in a way that helps you maintain your cash flow.

  1. Select a contract term up to seven years
  2. Nominate your deposit amount and your final (residual) amount.
    This effectively lowers your regular monthly installments.

Interest charges and depreciation on your business assets may be tax-deductible.

Let Simply Finance help you get the best deal on your new equipment!

Don’t risk paying too much for your new gear. The vehicle purchasing division of Simply Finance has the industry contacts, systems and superior purchasing power to offer you better service, a better deal and the best value finance when it comes to buying the business equipment you need.

Applying for a Simply Finance Equipment loan is easy!

Call one of our boat loan specialists today on 1300 115 263

Complete the simple form below to compare car loans from a wide range of lenders to find the best option for you.
1 
2 Step 2 of 2

Which kind of equipment loan is best for you?

Simply Finance will create a loan that suits you – not the bank! We’re here to help by making finance simple with a range of finance options.

Chattel Mortgage

If you’re a business owner, own your equipment from the start of your loan, on the condition that it is used for business purposes more than 51% of the time.

  • Fixed interest rate
  • Loan length flexibility between 1–7 years
  • Potential tax benefits (just ask your accountant!)
  • Residual value or balloon payments available

Low doc equipment loans

A low-doc loan allows you to get the right equipment for your business with minimal paperwork, on the basis that it will be used for more than 51% business use.

FAQ

Under a chattel mortgage, your lender agrees to purchase the equipment, and you agree to make regular repayments. The lender registers a mortgage on the equipment, with interest rates fixed for the life of the loan. The advantage of this loan for small business is that if the vehicle is used for business purposes, interest charges and depreciation on the equipment may be tax deductible.
If you want a straightforward loan with the stability of your repayment amounts and interest rate fixed over the life of the loan, you can take out a secured loan. This means your equipment will be used as security (guarantee) against the loan. So if for any reason you are unable to pay off your loan, your equipment will be sold and used to reduce the remaining loan amount. Any unpaid balance will be your responsibility.

Our Partners

anz
esanda
liberty
macquaire
ANZ
Swan Insurance
Suncorp
St George
Racv
Pepper
Money 3
YMF
Now Finance
Westpac
Alphera Financial Services

Questions?

Call us on 1300 115 263

Or let us contact you by entering your details

  • This field is for validation purposes and should be left unchanged.