FAQs

CNC machines may be financed with the operator’s choice from Lease, Hire Purchase, Rent-to-Own and Chattel Mortgage.

Interest rates can vary for each application based on individual aspects, lenders and credit profiles. Rates are typically the same for all machines for a specific applicant, as any offer is based primarily on the business credentials of the operation rather than the type of machinery.

Commercial financing applications require financial documentation to be presented. Where a new operator does not have any or all of the required docs, they may seek a low doc option through a finance broker.

Lease and Rent-to-Own offer tax deductible payments. Hire Purchase and Chattel Mortgage offer tax deductions through depreciation of the machine in line with ATO schedules and current tax benefits.

Financing for custom-built machinery is available. Specifics of the machine may be assessed by a lender when preparing any funding offer. The same credit facilities can be used for standard and custom models.

Used tooling machines can be financed with Rent-to-Own, Lease, Hire Purchase and Chattel Mortgage. Subject to the machine being accepted as suitable loan collateral by the lender.

Operators can obtain machine funding estimates using an online calculation without contacting a lender for a quote.

Terms on machinery funding is subject to individual lender guidelines. 84 months is a typical term for asset acquisition funding.

Yes. Machinery funding applications can be submitted and approved prior to purchase. Details of the machinery to be purchased will be required to obtain a detailed offer.

Online funding calculators do not allow for credit profile variations in users nor for lender fees and charges. Rates offered may vary from the rate entered, leading to differences in results compared with quotes.