22 May Equipment Loan Tips

Yellow Truck

Choosing the right way to finance your equipment depends on a thorough assessment of your business requirements and objectives. It’s important to make sure your repayment structure is in line with your financial and business position and to consider the flexibility of the repayment structures offered.

Individual business positions vary, so we offer a number of options to suit your taxation and financial situation:

Equipment Leasing

An equipment lease agreement provides you with the use of the equipment for a designated period, generally between three and five years. Our team are able to structure a series of payments to suit your business cash flow. The residual value (the value of the equipment at the end of the lease period) can be agreed upon to before commencing the lease and you may opt to either payout this figure and purchase the equipment or indemnify the financier for this amount.

Commercial Hire Purchase

Hire Purchase will provide your business with the immediate use of the equipment, subject to payments over an agreed term. During the term, the financier owns the equipment, and when the final payment is made, ownership is transferred to you. Our team will structure a plan with respect to your financial circumstances and it’s important to note that a deposit can be made before commencing the hire agreement to help offset future repayments.

Chattel Mortgage

The Chattel Mortgage is an attractive proposition in that it’s very flexible. You can either finance the full purchase price or alternatively, you can include an upfront deposit or trade-in to reduce your rental payments. Similar to a lease agreement, a residual payment may also be added at the end of the term to reflect the equipment’s value at the end of the agreement. A Chattel Mortgage can improve cash flow where due to GST considerations, Commercial Hire Purchase is not suitable. The ownership of the goods remains yours and the full income tax credit to be claimed in the Business Activity Statement (BAS) for the quarter the asset is acquired.

The Finance EZI team has extensive experience in operating finance agreements for all types of equipment. We’re able to tailor finance to the individual needs of your business.

Contact us on 1300 003 003 or apply online for more information about your equipment finance options today.

Race over to the website to check out more of what drives us!

Thanks to all our Sponsors

Loan Repayment Calculator

Calculate your repayments

Get a better understanding of your repayments and find the best loan for your financial needs. Structure your calculation on your loan amount, interest rate, term, and balloon payments. Make adjustments to match your budget.

Free eBook Great Outback Adventure

Free eBook

Spring is in the air and what better time to pack up the caravan (or car or VW Bus) and hit the dusty trails? Our latest eBook ‘A great outback adventure’ explores everything you need to prepare for the Outback Caravan Adventure of your dreams.

Stay In Touch

Stay in Touch

Want to keep up-to-date with Finance EZI’s news, blog posts, and offers? Sign up to the Finance EZI eNewsletter to receive Exclusive Offers each month! You can also join our Facebook community for weekly tips, blogs, and finance news.

Partnering With Finance Ezi

Limit your losses by partnering with Finance Ezi.

Partnering with Finance Ezi is the direct bridge to your business’ overall financial success. With access to domestic and global funds, you can be confident that your business will receive the ultimate finance deals to optimise your customer relations and profits.

Why Choose Finance Ezi?

Fast Approval

Fast Approval

Kick start your financial freedom with fast approval rates. Speedy approvals and customised financial repayments are our specialty. Apply for a loan or a quick quote today.

Competitive Rates

Competitive Rates

We pride ourselves on our competitive rates on finance for cars, trucks, recreational vehicles, caravans, business loans, home loans, and more. At Finance EZI, we finance almost anything.

Trusted Lenders

Trusted Lenders

We’ve been helping people like you achieve their dreams for over 10 years. With an expansive network of business partners, we’re able to secure the best finance deals for your needs.

Talk To Real People

Talk to a Real Person

We know how complicated loan applications are, so we make it our business to support you throughout the entire process. Give us a call to speak to a member of our professional team today.

Featured Product Motorcycle Finance

What our clients say…

we make finance ezi. Call us toll-free on 1300 003 003 or apply online…