FAQs

Diggers and loaders can be financed with the operator choice of Chattel Mortgage, Lease, Rent-to-Own or Commercial Hire Purchase. The best facility is the one that best suits their objectives, business set-up, accounting method and balance sheet strategy.

The same credit facilities are available for all makes and models of excavators and dozers. The interest rate, terms and conditions can vary with different business profiles and the amount of the loan.

Sole traders can be approved for dozer loans where they meet lender criteria. The personal financials of sole traders may be included in the application assessment process.

Where attachments and extras are ordered at the same time and from the same dealer as the machine, the cost can typically be included in the same funding as the machine.

Terms of up to 7 years are typical for asset acquisition funding.

Yes. The full lease payment is considered a business expense by the ATO and can be treated as a deduction in the annual tax return.

Yes. Applications for funding can be pre-approved based on an estimated loan amount.

Interest rates on equipment vary with the different credit facilities, new and used machines, and for different individual business profiles. Lenders typically display the best rate for new goods for good credit score applicants.

Asset acquisition funding is usually offered at a fixed interest rate.

The buyback amount relates to Rent-to-Own funding. It is the amount due at the end of the funding term which enables the business to fully own the machinery. It is similar in nature to a balloon with Chattel Mortgage and residual with Leasing.