Business Equipment Finance

Flexible Finance for Vehicles, Machinery, Tools & Technology

Purchasing equipment can help your business increase capacity, improve efficiency or replace ageing assets.

The finance offered by a dealer or supplier may be convenient, but it may not provide the best overall value.

At My Finance Consultants, we compare equipment finance across more than 20 specialist lenders.

We assess the asset, your business, cash flow and preferred repayment structure before recommending suitable options.

We then manage the application, lender communication and settlement, helping you stay focused on running your business.

Business Equipment Finance Options

Chattel Mortgage

A chattel mortgage allows your business to purchase an asset using funds provided by the lender.

You own the equipment while the lender takes security over the financed asset.

Repayments can often include an optional balloon payment to help manage business cash flow.

Use our Chattel Mortgage Calculator to compare repayments, terms and balloon options.

Commercial Hire Purchase

Under commercial hire purchase, the financier purchases the asset and your business makes agreed repayments.

Ownership generally transfers after the required payments and contractual obligations are completed.

Finance & Operating Leases

A finance lease allows your business to use an asset for an agreed period in return for regular payments.

End-of-term options depend on the agreement and may include purchasing, refinancing or returning the asset.

An operating lease may suit businesses that prefer to regularly replace equipment rather than own it.

Maintenance or other services may also be included under selected arrangements.

What Equipment Can Be Financed?

Equipment finance can cover a broad range of new and used business assets.

The asset's age, condition, supplier and intended business use can affect lender eligibility.

Vehicles & Transport

We can assist with Truck Finance, Truck Trailer Finance and Tipper Truck Finance.

Finance is also available for Van Finance, Bus Finance and Electric Vehicle Finance.

Businesses can also explore Business Vehicle Finance and Business Vehicle Loans.

For passenger vehicles, we offer Business Car Finance and Business Car Loans.

Construction, Earthmoving & Machinery

We arrange Earthmoving Equipment Finance for eligible construction and civil equipment.

This includes Excavator Finance, Mini Excavator Finance and Bulldozer Finance.

We can also assist with Skid Steer Loader Finance, Telehandler Finance and Forklift Finance.

Larger specialist assets can include Crane Finance and Concrete Pump Finance.

Our broader Machinery Finance options can cover other eligible industrial and business machinery.

Farming & Agricultural Equipment

We provide Agricultural Machinery Finance for eligible new and used agricultural assets.

This includes Farming Equipment Finance and dedicated Tractor Finance.

Finance can be structured around the asset and business cash flow where lender policy permits.

Medical, Dental & Veterinary Equipment

Healthcare businesses can access Medical Equipment Finance for eligible clinical and practice assets.

We also offer Dental Equipment Finance and Veterinary Equipment Finance.

These facilities can help practices replace equipment, expand capacity or establish new services.

Technology, Manufacturing & Specialist Assets

Businesses upgrading production equipment can explore CNC Machine Finance.

For computers, servers and other eligible technology, we can arrange IT Equipment Finance.

We also provide Hospitality Equipment Finance and Gym Equipment Finance.

For specialist industries, we can assist with Mining Equipment Finance and Helicopter Finance.

Why Finance Business Equipment?

Preserve Working Capital

Financing equipment can reduce the amount of cash your business needs to contribute upfront.

This may help preserve funds for wages, inventory, operating expenses or future opportunities.

Match Repayments to the Asset

Loan terms can often be structured around the expected useful life of the equipment.

Balloon or residual payments may also be available with selected products.

A larger balloon can reduce regular repayments but leaves a larger amount payable at the end.

Use the Asset as Security

Many equipment loans are primarily secured against the financed asset.

This can reduce the need to use residential property as security, depending on the lender and application.

Additional guarantees or security may still be required in some circumstances.

Compare More Than the Interest Rate

The lowest advertised rate is not always the most suitable finance option.

We compare repayments, fees, loan term, balloon amount, early payout conditions and overall flexibility.

Use our Equipment Quote Calculator to compare potential repayments across different terms and structures.

Our Truck Finance Calculator can also help estimate repayments for trucks and trailers.

Low-Doc & Full-Doc Equipment Finance

Low-Doc Applications

Established businesses may qualify for streamlined or low-documentation equipment finance.

Depending on the lender, this may reduce the need for complete tax returns or financial statements.

Eligibility can depend on your ABN history, GST registration, credit profile, asset and loan amount.

Supporting documents such as BAS, business bank statements or accountant verification may still be required.

Full-Doc Applications

Larger or more complex transactions may require additional financial information.

This can include business financial statements, tax returns and details of existing liabilities.

Lenders may also request ATO information or personal financial details from directors or guarantors.

We determine the likely documentation requirements before submitting your application.

Rates, Repayments & Tax Considerations

Equipment finance pricing depends on the asset, loan amount, business history, credit profile and documentation provided.

The age and type of equipment can also influence the available terms.

Balloon payments may reduce regular repayments but increase the amount outstanding at the end.

Early payout and additional repayment conditions vary between lenders.

Different finance structures can also have different GST, depreciation and tax consequences.

We can coordinate with your accountant, who should confirm the appropriate tax treatment for your business.

Our Equipment Finance Process

Understand Your Purchase

We discuss your business, equipment, supplier, budget and preferred timeframe.

We also review your available contribution and repayment preferences.

Compare Suitable Lenders

We compare options across more than 20 equipment lenders.

Our assessment considers rates, fees, documentation requirements, repayment structure and asset policy.

Application & Approval

We prepare your application and coordinate the documents required by the selected lender.

We then manage lender questions and approval requirements.

Settlement & Delivery

Once approved, we coordinate finance settlement with the lender and supplier.

This helps keep payment and equipment delivery progressing smoothly.

Frequently Asked Questions

How Much Can I Borrow for Business Equipment?

There is no single borrowing limit that applies to every business.

The lender considers your business, asset, purchase price, credit profile and proposed finance structure.

Do I Need a Deposit?

Not always. Some eligible borrowers may finance the full asset purchase price, while other transactions require a contribution.

How Long Does My Business Need to Be Operating?

Requirements vary between lenders.

Established businesses generally have more options, while selected lenders may consider newer businesses with relevant industry experience.

Can I Finance Used Equipment?

Many lenders finance used equipment, although asset-age limits and available loan terms can vary.

Private-sale and auction purchases may have additional requirements.

Can I Include a Balloon Payment?

Potentially. A balloon can reduce regular repayments but leaves a larger balance payable at the end of the term.

We compare different structures before you proceed.

Can I Sell Equipment While It Is Financed?

Potentially, but the lender's security interest generally needs to be satisfied or otherwise addressed.

The payout and sale should be coordinated before ownership is transferred.

What Happens if I Cannot Repay the Equipment Loan?

For secured equipment finance, the lender may have rights over the financed asset if the loan defaults.

Contact your lender or broker early if repayment difficulties arise.

Can You Compare Dealer Finance?

Yes. We can compare dealer finance against suitable bank and non-bank equipment lenders.

We assess the rate, fees, repayment structure and flexibility rather than assuming either option will always be cheaper.