FAQs

Machinery considered as a business asset can be financed with Leasing, CHP, Rent-to-Own or Chattel Mortgage.

The interest rate offered will depend on the credit profile, the strength of the financials and the lender guidelines as well as the current market.

Yes. Financing options are available for sole traders.

Operators without financials can engage a broker to source low doc financing.

Leasing and Rent-to-Own repayments are deductible. Interest on Chattel Mortgage and CHP are deductible and the machine subject to depreciation for a deduction.

Second-hand machines can be financed with the same credit facilities as new machinery.

Offers on machinery loans can vary across industry sectors. The offer can reflect the individual lender’s approach to that industry.

Operators can use an online financing calculator to obtain estimates to compare models.

When buying at auction, operators can get conditional approval prior to the sale. This is based on an estimate of the loan and an indication of the machine to be purchased. After purchase, the specifics are provided and a final loan offer received.

Commercial credit facilities allow for the machinery to be the sole security for most applicants.