Equipment Loan Comparison Tool
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*The purpose of the interest rate comparison table is to provide a guide only and for comparing the interest rates on different commercial loan products. Quoted repayments are based on advertised rates and do not include lender fees and charges. An offer made to you by a lender may be at a different interest rate and have a different repayment. Using this device is not an application, any indication of an offer, and is not a loan approval.
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Equipment Loan Specialist
Plant and Machinery Leasing
- Jade’s negotiated cheapest and fixed interest rate.
- Fixed lease term: from 12 month to up to 84 months for major acquisitions.
- Fixed monthly lease payments which appear on balance sheet as an operating expense.
- Residual may be included.
- Lease payments and residual are tax deductible in line with ATO guidelines.
- Lender claims the GST on purchase price, borrower pays and claims GST on lease payments and residual.
Chattel Mortgage for Plant and Machinery
- Jade’s negotiated cheapest and fixed interest rate.
- Fixed finance term.
- Fixed monthly repayments which are not fully tax deductible, only the interest portion is deductible.
- Balloon may be included.
- The borrower claims the GST on purchase price on their next BAS.
Full selection of plant and machinery finance products
- Plant and machinery Lease
- Chattel Mortgage
- Plant and Machinery Rental
- Commercial Hire Purchase (CHP)
We recommend you consult with your accountant as to which finance product is best suited to your business structure. The decision will be based on your accounting method, balance sheet strategy, treatment of GST, depreciation and tax deductions and other considerations.
Whichever commercial finance product is the most appropriate for your business and your plant and machinery acquisition, you can be assure, it will include:
- Jade’s signature ‘best interest rates’.
- Fixed Interest Rate
- Fixed Loan Term
- Fixed Monthly Payments
- Flexible terms and conditions negotiated to suit your business objectives and to maximise the return on your plant and machinery investment.
Plant and Machinery Rental
Another off-balance sheet facility which provides a flexible, workable option for many businesses.
- Jade’s negotiated cheapest and fixed interest rate.
- Fixed rental contract term.
- Fixed monthly rental payments which appear on balance sheet as an operating expense.
- Residual/Buyback may be included.
- Rental payments are tax deductible as an operating expense.
- GST applied to monthly repayments.
Commercial Hire Purchase (CHP) for Plant and Machinery
CHP is suited to businesses using a cash or accruals method of accounting.
- Jade’s cheap interest rate, fixed for the loan agreement term’
- Fixed finance term and fixed monthly repayments
- Interest is tax deductible, monthly repayments are not deductible.
- The borrower claims the GST on purchase price on their next BAS. GST not applied to monthly repayments or interest.
